Investment Portfolio Too Large

Sam and Rachel are in their 50’s and know that they’re on track for retirement. Their estate plan has recently been updated. They’ve addressed the need for long-term disability and long-term care insurance, as well as life insurance. They’ve saved enough in 529 plans to pay for their kids’ college expenses. Their mortgage is on track to being paid off before they retire.

So, what’s the problem? They get a queasy stomach every time they look at the balances in their investment accounts. They felt comfortable choosing investments for their 401ks in their 30’s and 40’s, when there was only one or two hundred thousand in the accounts. But now that they add up to almost $1 million, they realize that one mistake can have a huge impact on their retirement.

Who knows if Einstein really said that compound interest was man’s greatest invention, but it’s certainly had an impact on Sam and Rachel’s portfolio! As they continue into their peak earning years, while seeing their expenses decline as each child leaves the nest, they (rightly) expect their portfolio to grow at a faster and faster rate. They need someone to help figure out where to invest their current portfolio, as well as where to invest future savings, in order to maximize returns and minimize the amount of taxes they pay each year.

They need an Investment Plan.