Case Study – Pete & Amy
• Pete & Amy
• Age 50
• Annual Income $225,000
• Three Kids
• 401(k) assets $435,000
Pete and Amy Wilson are both 50. Pete is and engineer who just made a major career move by accepting a position as Director of Global Quality for a major local hydraulics manufacturer. Amy stays at home focusing on raising their three kids ages 10, 12 & 15. Pete has a sizeable 401k from his previous employer and will be receiving stock grants and numerous other director level benefits in his new position.
Their main concerns are saving for the kids’ college, providing for Amy should something happen to Pete and having enough money to retire and travel the world. With the recent major jump in salary, they “need help balancing their increased income for their immediate, short term and long-term goals”.
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