Chris Client is a soon-to-be-retired CPA. His wife, Sally, is a retiring 4th grade teacher. Chris has been working for an accounting firm for the last 30 years and has recently started his own firm with a couple of partners. Chris has a large pension and various other investments. Sally watches their three grandchildren at their home in Reading after each schoolday until the her two children pick them up.
In the summers, Chris and Sally like to travel and spend time at their vacation home in Cape Cod, entertaining friends and their extended family. They enjoy watching Cape Cod baseball games, reading anything travel-related, and keeping up with the children and grandchildren on Facebook. Sally tends to their vegetable garden at the Cape while Chris likes to work on his ‘57 Chevy. They both enjoy a nice dinner out, a refreshing swim, and a good neighborhood walk.
Chris and Sally work together to make most, but not all, financial decisions. Chris is most interested in how to prepare assets for their full retirement and how to sell his practice. Sally is most concerned about how to get the most out of her state pension and how to get their children engaged in saving for their own financial futures. They sought out a financial advisor to see when Chris should retire, how Social Security fits into their plan, how to blend their goals into one cohesive plan, and to see if they had enough money for their bi-annual summer trips to Italy with their kids and grandkids.