POTENTIAL SITUATION

Lindsay, age 62, has been working as a medical practice manager for decades.  While she earns a comfortable living, she also is becoming increasingly burned out navigating constantly changing insurance contracts and healthcare laws.  Almost daily, she dreams of retirement – counting the days until the weekends, and the hours until the end of the workday.

However, after all these years of saving, she has no idea if she’s ready to retire.  What would she do about health insurance? Does she have enough to live on – for the rest of her life – without working?

PARAGON’S SOLUTION

Paragon would invite Lindsay in for what we call a discovery meeting to see if she and the experienced financial advisors at PARAGON are a good fit. Once it is determined that we are, we would then perform a thorough analysis of Lindsay’s assets, income streams, former retirement plans, Social Security, and anticipated medical costs in retirement, using our state-of-the-art retirement planning software and scenario stress-testing to help her decide if her job has become… OPTIONAL!In this scenario, let’s say Lindsay had done a good job of savings; and even though initially paying out of pocket for health care before Medicare started at age 65 was going to be expensive, a long-term analysis of her cash flow determined that once her investments were optimized, she had more than enough to generate the retirement income she desired for the rest of her life.  

Even if the first few years would require some heavy portfolio withdrawals, the analysis would reveal that once her Social Security income and the mandated Required Minimum Distributions from her retirement accounts began, she would have more than enough income to live comfortably throughout retirement.  

VALUE TO THE CLIENT

Lindsay would be able to confidently inform her bosses that it was time for her to retire, and within 6 months, she can transition to a new, exciting, and rewarding phase of her life!

*Please Note: Limitations: The above Case Study is hypothetical-not involving actual Paragon clients. Case Studies illustrate the hypothetical experience of a fictitious client based on a scenario that an actual client might experience. The Case Studies are designed to generally illustrate how we may provide our services to our clients. Keeping in mind that no two clients, situations, or experiences are exactly alike, the Case Studies are not to be construed as an endorsement of Paragon by any of its past or current clients, nor any assurance that Paragon may be able to help any client achieve the same satisfactory results. To the contrary, none of the Case Studies should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results or satisfaction if Paragon is engaged, or continues to be engaged, to provide investment advisory services.