Pre-Retirement

Mr. and Mrs. Engineer (Age: 62)

Net Worth: $3.5 million

Mr. Engineer is considering retirement after 35 years of service in Oil and Gas, but they want to clearly understand what lifestyle they can afford and how to put together a tax-efficient retirement income strategy in complement with prudent investment advice.

With his pension, 401(k) and company stock, they feel they have accumulated enough assets to retire, but they want to construct a strategic plan and more certainty around this major life change.

Penney Financial crafted a Financial Plan for a one-time fee, and then advised them and managed their retirement assets on an ongoing basis. 


Mid-Career

Mr. and Mrs. Young (Age: 40)

Net Worth: $1.5 million

Income: $400,000

Mr. and Mrs. Young have been great savers, but they want to ensure their resources are at their highest and best use. 

Mrs. Young is a Physician, while Mr. Young is an accomplished engineer. They paid off their student loans, bought a house, and had two children in the past 10 years. Both of their jobs have great benefits, retirement plans, and stock plans they’d like advice on, but they know they could be more effective if they had a strategic financial plan with actionable advice.

Penney Financial crafted a Financial Plan for a one-time fee, and then advised with them on an ongoing basis for a quarterly fee based on their net worth.

Business Sale

Mr. and Mrs. Business (Age: 55)

Net Worth: $15 million

Income: $1 million

 Mr. and Mrs. Business are selling a small manufacturing company that will net them $10 million.

They would like to give and gift a large portion of their estate over their lifetime to charities and children but still want to ensure they have ample income and assets to meet their lifestyle expenses over their lifetime.

Penney Financial crafted a Financial Plan for a one-time fee with an emphasis on tax and estate planning and then advised them and managed their personal, charitable, and Trust assets on an ongoing basis.