Ann, a successful government executive, was considering retirement. As a transplant to the DC area, Ann envisioned spending her retirement with her children and grandchildren, but would need to relocate from the DC area in order to do so. Ann was concerned that she would not be able to replicate her pre-retirement income in retirement and was unsure as to how she would generate the income from her portfolio to do so. After attending a retirement seminar and leaving with more questions than answers, she turned to CJM for a second opinion.
The first step was to create a balance sheet which included a comprehensive list of assets and liabilities. From there, it was determined that a rental property that was previously thought to be underwater could be sold at a small profit. Compiling pension projections and Social Security benefits, we determined how much income Ann would need to generate from her investment portfolio. CJM then created a customized income plan that would provide Ann with the cash distributions from her portfolio to meet her income needs.
CJM’s analysis provided Ann with the critical information she needed to move on to the next phase of her life. With CJM’s experience and guidance, Ann was able to feel confident in her financial ability to retire and to live the life she had always dreamed.
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 client’s particular issue(s).