High-Earning Employee | Case Study

Michael & Sarah, 37 and 34

Primary goal: maximize his high income, plan for a family, and invest for retirement.

The Challenge

Michael has been a Physician’s Assistant for several years now, and loves his job. He makes great money and is able to enjoy life every chance he gets with his wife.

Recently, Michael’s coworker bought a house in their area and left him wondering “how did they do that?” After talking with his coworker, Michael realized that his financial literacy was lacking. 

He knew he needed a change if he wanted to achieve some of his bigger life goals, but wasn’t sure what to do, since he wasn’t raised with a good understanding of money.

The Approach

In conversation with his coworker, he found that they were working with Legacy Wealth Planning. His coworker mentioned that he had grown with them throughout his career and provided a referral for Michael to sit down with them team.

The Solution

During their first meeting, The LWP Team helped Michael get a plan together that did several things:

• Understand his current financial situation and a breakdown of where his money was going.
• Get an idea of how much he would need to comfortably afford some of the goals he had.
• Show him the value of how an advisor could help keep him on track and break bad money habits.

Michael was sold. The LWP Team even sent over some additional resources for building Michael’s financial literacy and assured him that he would be there to answer any questions and help keep him accountable to his goals.

If this sounds like you, reach out to our team today to get yourself on track for the retirement you’re dreaming of!

Note: The above case studies are hypothetical and do not involve an actual Legacy Wealth Planning client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Legacy Wealth Planning is engaged to provide investment advisory services.