Midcareer Transition

Latest Spring 2017 Quarterly Newsletter In this issue, Tracey Baker, CFP, reflects on current markets as we head into the summer months. Kevin Donovan, CFA, compares performance of "Actively" vs. "Passively" managed funds. Parker Trasborg, CFP, discusses the implications of several common estate planning pitfalls. Read about the tax related benefits that can arise from making Qualified Charitable Distributions. Jessica Ness, CFP, talks about our Day of Service when we partnered with one of our favorite local service organizations for the second year in a row. See how our clients have two different programs to track their CJM portfolios. January 2017 Audio Update Join Tracey, Brian, Kevin and Tim as they discuss CJMs expectations for the markets in 2017, a discussion on small cap equities as well as Tims thoughts on income distributions in retirement. Newsletter & Podcast Archive

The Situation

Susan had worked at a Fortune 100 company for close to 20 years. After the company was purchased and a management change, Susan was forced out of her senior level executive position. In addition to a severance package, Susan had to make decisions regarding her benefits package from her employer (health, Long Term Care Insurance, etc.), 401k plan, pension plan, and a large amount of company stock.

The Solution

In this situation Susan had to make a number of decisions in a very short period of time. Susan and her husband came in and sat down with some of the partners at CJM to plot out next steps. Because CJM has worked with clients before in similar situations, CJM was able to bring a level of experience and understanding to the situation that aided in the decision making process.

CJM helped create income scenarios to help Susan and her husband understand how long her severance package would last (and the tax impact as a result). Susan was made aware of her options regarding her healthcare and Long Term Care benefits and made the appropriate decisions for her and her family.

The most complex decision to be made revolved around Susans sizeable holdings in her former employers company stock. While her company plan dictated that her stock options had to be exercised within a predetermined period of time, CJM was able to tailor a plan to manage her 401k plan (also heavily loaded with company stock) as well as her personal stock holdings and begin to divest these holdings over a period of time, hereby reducing her exposure to her former employers company stock as well as better manage her income tax obligations over time.

Value To The Client

CJM worked with Susan and her husband to create a detailed financial analysis and layout possible scenarios for Susan as she left her former employer. CJMs analysis provided Susan with the critical information she needed in order to make the next steps in her career.

Working closely with CJMs in house professionals with backgrounds in wealth management, insurance, investments, and taxation, Susan was able to leverage the expertise that CJM brought to the table and ease her transition into volunteer and advocacy efforts.

More Solutions

At CJM we understand that no two clients are alike and real world problems require practical and timely solutions. The CJM team brings together the best and the brightest in the areas of investment, tax, insurance, financial planning & wealth management to resolve each clients particular issue(s).