Case Studies - Financial Planning
Recently, Woodway Financial Advisors met with a couple who were approaching their retirement. While the couple had been referred to us by their family CPA, they were uncomfortable and somewhat embarrassed about asking us questions. Questions like: How much money can we take from our accounts for living expenses without jeopardizing our finances? Can we afford to make gifts to our children? Can we afford to assist with our grandchildren's college educations? Can we afford to buy a vacation home in Colorado?
Our experienced financial advisors assured the couple that these were common concerns for people nearing retirement and committed to help find answers to their questions. As part of Woodway Financial's thorough financial planning process, we provided the couple with several 20-year cash flow scenarios, each using conservative assumptions for projected investment returns and cost of living. After considering various levels of personal living expenses, including some which budgeted for annual gifts to their children, funding for their grandchildren's future college expenses and even the purchase of a vacation home, the couple was relieved to know that without any sacrifice to their current lifestyle, they could indeed achieve their retirement goals.
All of Woodway Financial Advisors' clients are provided the opportunity for customized financial planning and cash flow forecasting. As a result, our portfolio management services are tailored to meet our client's personal financial goals. Please contact us if you would like to inquire about additional financial planning services.