Case Study – Anne & Fred

Age 57 & 62

Annual Income $132,000

Net Worth $1,065,951

Considering Early Retirement

Anne and Fred Reese, 57 and 62, are looking ahead to retirement early next year. They are thinking about heading south to a cheaper and warmer state but haven’t made a firm decision. Fred is the sole breadwinner and earns $125,000 plus an additional $8,000 from investments.

The Reese’s can be considered “millionaires next door,” with a net worth of $1,065,951. They have absolutely no debt and the following assets: $32,000 in a 2% bank passbook account, $347,365 in telephone stock; $224,901 in Fred’s 401(k); $31,000 in an annuity; $202,685 in mutual funds; $23,000 in whole life insurance; their $190,000 home; and $15,000 of personal property.

The Reese’s two main concerns are longevity and taxes. “We want to take income from investments with the least amount of tax liability and make the money we have accrued last as long as we do,”notes Fred. He also noted a concern about taking money out of tax-deferred plans in the correct manner to avoid IRS penalties.


  • Develop an early retirement plan to ensure they have enough to retire next year
  • Construct and manage a diversified investment portfolio to help mitigate market risk
  • Devise a Social Security claiming strategy to maximize their lifetime SS income
  • Set up retirement income streams to help manage the taxes paid in retirement

Securities offered through Concorde Investment Services, LLC (CIS) Member FINRA / SIPC. Advisory services offered through Concorde Asset Management (CAM), an SEC registered advisor. Insurance offered through Concorde Insurance Agency (CIA).

TADA Wealth Advisors is independent of CIS, CAM and CIA TADA Wealth Advisors does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.

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Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk.

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