Young Wealth Accumulator

YOUNG WEALTH ACCUMULATOR

A young business owner's accountant introduced her to us because he was accumulating a lot of cash without an investment plan.

THE SITUATION

• 35 year old business owner, planning to get married and purchase a home
• $1M cash held in the bank but, $50K of outstanding student loans with interest rates as high as 6.55%
• No IRA or Roth IRA
• Owned out-of-state property with a high interest mortgage

OUR APPROACH

• Paid off clients' student loans from cash in the bank
• Implemented a diversified investment plan for capital growth
• Funded backdoor Roth IRA contributions
• Introduced him to an estate planning attorney to execute a full set of documents, establish a pre-nuptial agreement when he got engaged, and retitle his out-of-state property

SIGNIFICANT RESULTS

• Bucket of tax-free money growing in a Roth IRA
• Mitigated risks associated with disability, liability and premature death
• Better prepared and organized for upcoming life changes