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.
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?
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.
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.