Hypothetical Scenarios, Thoughtful Solutions
At our Franklin Lakes office, we aim to guide individuals and families toward their financial goals — whatever the circumstances may be. We’ve helped navigate a wide range of scenarios. Below are examples of hypothetical situations that illustrate the kinds of strategies we may use when supporting clients through complex financial decisions.
Hypothetical Scenarios, Thoughtful Solutions
At our Franklin Lakes office, we aim to guide individuals and families toward their financial goals — whatever the circumstances may be. We’ve helped navigate a wide range of scenarios. Below are examples of hypothetical situations that illustrate the kinds of strategies we may use when supporting clients through complex financial decisions.
Planning for a Secure Retirement
Imagine a couple in their early 60s approaching retirement with concerns about whether their savings would support their desired lifestyle. They had various retirement accounts but no clear income plan. A financial advisor conducted a retirement analysis, optimized their Social Security strategy, and created a withdrawal plan focused on tax efficiency. The couple now has a strategy in place that illustrates how they could maintain their lifestyle throughout retirement, with adjustments for inflation and healthcare costs.
Navigating a Business Sale
Consider a business owner nearing retirement who is unsure how to exit her company while preserving its value and minimizing taxes. She works with a financial professional who collaborates with her tax advisor and attorney to model several sale scenarios. Together, they explore a sale to a key employee and implement a charitable giving strategy to reduce capital gains. This comprehensive approach helps her feel more prepared for retirement while supporting causes she cares about.
Coordinating Multi-Generational Wealth
A hypothetical family-owned business is transitioning leadership to the second generation. The founding generation wants to ensure financial security for all heirs while avoiding conflict. Through a series of facilitated family meetings and collaborative estate planning, the advisory team helps implement a trust structure and succession plan. The outcome is a smoother transition with a documented governance process to support family alignment.
Creating Financial Independence After Divorce
Following a divorce, an individual in her mid-50s finds herself managing her finances independently for the first time in decades. A financial advisor helps her assess her assets, consolidate accounts, and build a forward-looking financial plan. The plan includes an investment strategy tailored to her goals and a spending roadmap designed to support both immediate needs and future retirement. The result is a clearer financial picture and greater confidence in navigating her new chapter.
Building a Legacy through Philanthropy
A retired couple is passionate about giving back and wants to create a philanthropic legacy. They engage with an advisory team to explore options including donor-advised funds and charitable trusts. A customized strategy is developed that allows them to support education initiatives while also providing tax benefits and potential income. The couple gains peace of mind knowing their resources are aligned with their values and will make a lasting impact.
Cetera Advisor Networks LLC, exclusively provides investment products and services through its representatives. Although Cetera does not provide tax or legal advice, or supervise tax, accounting or legal services, Cetera representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice Converting from a traditional IRA to a Roth IRA is a taxable event. A diversified portfolio does not assure a profit or protect against loss in a declining market.