Below are financial plan examples for hypothetical clients in several different situations. These plans were created by our Atlanta financial advisor team and should give you an idea of what is typically included in a plan. Hopefully, you’ll be able to find a sample plan that addresses issues you might be facing, and if that’s the case, the sample plan will provide you with a better understanding of the plan format, content and cost. Finding an Atlanta financial advisor who is a good fit can be difficult, so feel free to contact us for further information.
If, after reading the sample financial plans, you would like to attend a no-cost 90-minute workshop to create your own financial plan, click here. Please note that the workshop is only valid for U.S. residents, as all tax assumptions are based on U.S. tax regulations.
The personal financial plan examples below are just that – examples – and they aren’t meant to serve as advice. Your actual financial plan will depend upon your particular situation – your current resources, your goals and your return needs and risk tolerance among many other variables. The examples below include much of this information and cover the areas we typically address for in plans for clients with a particular need or at a specific stage in life. We typically present these plans over the course of two meetings that cover sixty to ninety minutes, during which we review a slide deck for each plan stage and answer any questions that may come up. Although not included in the sample plans below, we do create a to-do list at the end of the planning process so you’ll have a clear understanding of what needs to be done to implement your plan.
Jack and Julie, a married couple whose kids are grown and financially independent, are planning on retiring in a few years
Jack and Julie are a few years away from retirement, and although there is some difference in their ages, they hope to retire simultaneously. Jack has worked for both the Federal Government and a state-run university, so he will receive two pensions in addition to the social security that they will both receive. Although Julie will not have a pension, she has saved aggressively in past years and will continue to save – albeit somewhat less aggressively – through retirement.
Jack and Julie believe that they are well situated for retirement, but they would like to better understand their financial position, and they have also prioritized survivor planning to confirm that they would both be fine should either pre-decease the other.
As they suspected, Jack and Julie are in good shape for retirement, and after reviewing their plan results, they have begun to consider retiring earlier than they initially anticipated. They also have sufficient resources to financially weather a survivor situation, particularly if Jack receives an inheritance (as seems likely) from his father’s estate. Given Jack’s father’s long life, there is a higher than average chance that Jack will be long-lived, and if that is the case, it will be beneficial for him to delay taking social security.
Jack and Julie also completed a review of their other insurance coverages as well as their estate documents and existing portfolio allocation vs. the portfolio allocation used in the plan.
The retirement plan cost is $2640, and that included all work necessary to complete the plan as well as the two client meetings in which the plan was reviewed and discussed. Additionally, Jack and Julie had a few implementation questions after the final plan meeting that were covered in the fee as well.