The Retired Couple Who Needs a Reliable Income Plan
Case StudyMeet David & Susan
Ages: 67 & 65
Career: David was an engineer; Susan was a school administrator
Primary Concern: “We’ve saved well, but now we need a plan to make sure our money lasts.”
The Challenge
David and Susan have $2 million saved, but they’re nervous about turning that into reliable income for the rest of their lives. They want to travel, support their grandkids, and give to charity, but they don’t want to run out of money.
They’re asking:
- How do we create a steady retirement paycheck?
- What’s the smartest way to handle Required Minimum Distributions (RMDs)?
- Can we lower our taxes on Social Security and investment withdrawals?
The Approach
We helped David and Susan:
- Develop a sustainable withdrawal strategy that keeps their money working for them
- Implement Roth conversions to reduce their tax burden in retirement
- Optimize their charitable giving with tax-efficient strategies
- Plan for long-term care and estate planning to protect their legacy
The Results
David and Susan no longer stress about running out of money. They know exactly how much they can safely withdraw, and they have a structured plan to enjoy retirement without financial worries.
Already retired and need a plan to make your money last?
The above case studies are hypothetical and do not involve actual MainStreet Financial Planning, Inc. clients. No portion of the content should be construed by a client or prospective client as a guarantee that they will experience the same or a certain level of results or satisfaction if MainStreet Financial Planning, Inc. is engaged in providing financial planning services.
