Alan’s Problem: A medical specialist in late career, Alan is a partner in a large private practice. He recognized the firm’s profit-sharing plan as an opportunity to enhance wealth for all partners and, in addition, he sought help to maximize his own retirement savings to set himself up for the long-term.
His desire: to devote as much free time as possible away from the practice to be with his family and not to get bogged down in decisions about practice investments or his personal finances.
The Way Forward: Alan called on Tempus Advisors for a comprehensive plan for the partnership and for his own retirement. For him they developed a plan with a system to fund accounts to help maximize his saving opportunities and build his nest egg for retirement. Alan is a conservative investor and chose to avoid excessive market risk to reduce his concern about volatility.
Client Insight: The constantly monitored plans for both Alan and the practice are working towards their respective goals. As a high-income healthcare professional, Alan realizes that he doesn’t need to pay excess taxes or take uncomfortable risks in the market. He sees that he is making significant progress toward his retirement goals.
The hypothetical example above is for illustrative purposes and is not representative of any actual experience. Individual results will vary. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional.