FINANCIAL PLANNING FOR WORK OPTIONAL

Eric is an account executive for Meta and Kelly is a senior director at Dell Technologies.

Eric and Kelly earn mid-six-figure incomes, save aggressively for their retirement and investment accounts, have no debt outside of their home mortgage, and have protected themselves with adequate insurance. Kelly has been fortunate to earn additional compensation with restricted stock units (RSUs) making up about 40% of their investments.

Eric and Kelly have ideas for lifestyle upgrades for life after their current careers in big tech. They envision wanting to travel and see the world while also volunteering and spending time with family. They want the option to retire early. However, they prefer working on projects that they are more passionate about and that don’t require time in a physical office. 

With making work optional on their mind, they value having a fiduciary financial advisor guide them to make the best decisions with their money. Eric and Kelly aren’t retiring tomorrow. They want to know when they can and how they can live comfortably.

Eric and Kelly weren’t sure where to start, so they reached out to Safe Landing Financial (SLF) for a complimentary introduction meeting for planning to retire on their terms. As a trusted advisor, SLF starts every new relationship by asking questions and listening to understand their unique financial situation. Here is how SLF helped Eric and Kelly reach financial clarity.

SLF provides Eric and Kelly with confidence in reaching their goals from visualizing and having conversations regarding their customized financial plan. 

Here are some ways SLF helps Eric and Kelly to reach their financial goals:

• SLF compiles information for retirement and investment accounts held at multiple firms and consolidates accounts when possible.
• SLF stress-tests scenarios of leaving big tech at different ages, including different career and retirement paths, to show a high probability of success for funds lasting throughout Eric and Kelly’s lifetime.
• SLF determines an appropriate investing strategy based on Eric and Kelly’s financial goals and risk tolerance. SLF diversifies risk away from Kelly’s concentration of employer stock. SLF evaluates investment options and helps with Eric and Kelly’s 401(k) plans. Eric and Kelly now have an asset allocation and rebalancing strategy tracking to their financial goals.
• SLF shows Eric and Kelly where to make future contributions to maximize assets.
• SLF helps Eric and Kelly utilize their employer benefits.
• SLF minimizes their taxes by evaluating Eric and Kelly’s RSUs, HSA and retirement account contributions, Roth conversions, charitable contributions, Social Security, and retirement income distribution.
• SLF works directly with Eric and Kelly’s CPA, estate planning attorney and insurance agent. By holding an open line of communication, SLF stays aware of changes to laws and helps to fill any potential planning gaps to make sure they’re taken care of.
• Eric and Kelly have clarity from knowing their financial life is organized. With a financial plan to make work optional in place, they can enjoy their lifestyle without worrying about the stress of working in big tech long-term and without worrying about running out of money during retirement.