Success Story

The Background:

Steve and Lindsey have two children, ages 8 and 12. Steve retired from the NHL less than a year ago after a successful 12-year career. The couple felt pretty good about the amount of money they saved throughout Steve’s career, but now that NHL paychecks had stopped, Steve and Lindsey wanted to gain a better understanding of how best to plan for their new stage of life.

The Concerns:

When they started their financial planning path, Steve and Lindsey had the following common concerns:

• Should we continue the NHL health insurance?
• How much can we safely spend each year without jeopardizing our retirement?
• Should we still be using the in-house financial advisor provided through Steve’s agent?

The Approach:

Steve and Lindsey took a little time to learn more about the fees and hidden investment expenses they were paying their agent’s in-house financial advisor. They began to wonder if there might be a better fit. The couple figured it would not hurt to hear some second opinions, so they interviewed some firms with experience helping other hockey families.

The Results:

Steve and Lindsey were surprised to see firsthand the detailed process of a firm that specialized in helping hockey players and their families retire. They needed help with their entire financial future, not just investments. A comprehensive plan was built that solved all their needs:

• Proactive tax planning
• Reduced investment costs
• Safe & dynamic portfolio withdrawal plan they could understand
• Tax-efficient funding for their kid’s future college expenses
• Health insurance analysis and planning
• Updated estate documents for generational wealth planning

Steve and Lindsey now have a newfound peace of mind and financial confidence. The couple enjoys coaching their kid’s sports teams and pursuing new interests as they embrace their family’s new chapter of life.