Case Study: Bill and Sarah in the Exploration Phase

April 2005
Journal of Financial Planning;Apr2005, Vol. 18 Issue 4, p48
Academic Journal
Case Study
The author reflects on the financial planning case of married couple Bill and Sarah during the exploration phase. In their mid-forties, Bill and Sarah have raised their children while pursing careers in separate fields. Both of them having fulfilled many of the goals of their youth--a home, children and satisfactory career growth--they are now looking toward their remaining years before retirement. They are looking for guidance in clarifying their goals and aspirations for this phase of their life together. Both seemed relaxed and eager to explore that lay ahead. When I asked them what they wanted to accomplish in this meeting, Sarah remarked that they wanted a comprehensive analysis and overview of their finances in relation to retirement, risk management and other financial needs so they better gauge just how much freedom they might have in planning their future. I explained to them how I explore their goals and life dreams first, and then integrate the financial considerations once we have a clear vision of how they want to forward.


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