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Learn How Brickley Wealth Management Helped a Young Family of Four Optimize Their Finances for a Secure Future.
Case Study

Financial Planning for a Young Family of Four

Investing
Family Planning
Health Savings
Retirement
Tax Planning
College Savings
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The Opportunity

John works in law and Mary works in tech sales, providing for their young family of four with their joint income of $650,000 per year. They have a lot of time ahead of them in their careers and are ready to begin investing and planning for the future. 

‍The Solution‍

John and Mary meet with the Brickley team to review their current financial picture. While they are diligent savers, Brickley finds areas they can further optimize:

  • Mary anticipated earning less next year given the decline in sales at her company. Brickley recommended converting an appropriate amount of her IRA to a ROTH IRA next year to minimize their tax burden.
  • Reviewed, monitored, and created a custom investment allocation, giving them a broad exposure to the stock market and matching their goals and risk levels. Instead of keeping cash, we recommended consistent investing in retirement and taxable accounts. 
  • Maximized their Health Savings Account contributions and defer use until retirement to maximize their tax benefits.
  • Established tax-advantaged college savings accounts for the children to pay for future education expenses.
  • When John and Mary contribute to charities, they take the standard deduction, which means they receive no tax benefit. We recommended lumping together multiple years of contributions into a donor-advised fund to allow them to take advantage of the tax deduction in the current year. 
  • Introduced John and Mary to an estate attorney to consider a trust, wills, durable powers of attorney, advance healthcare directives, and beneficiary designations.
  • Connected an insurance agent to discuss a simple, term life insurance policy to replace income for the family due to the loss of one or both of their lives.
  • Considered a mega backdoor ROTH at their employer for both Mary and John.

Services Focus

  • Comprehensive Financial Planning
  • Tax Return
  • Investment Management
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Disclaimer

We encourage our clients to provide testimonials on their experience with our firm in their own words.  We appreciate their testimonial however we do not compensate them in any manner.  We are sharing the positive experiences the clients have shared with us on this website. To help protect the clients identity we are not providing their full names.

Financial Planning for a Young Family of Four

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1900 O'Farrell St #330, San Mateo, CA 94403
Contact@brickleywealth.com
(650) 638-0111

Brickley Wealth Management is a Registered Investment Adviser*. Advisory services are only offered to clients or prospective clients where Brickley Wealth Management and its representatives are properly licensed or exempt from licensure. The information throughout this website is solely for informational purposes. The content is developed from sources believed to provide accurate information, and we conduct reasonable due diligence review however, the information contained throughout this website is subject to change without notice and is not free from error. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. Readers should conduct their own review and exercise judgment prior to investing and should carefully consider their own investment objectives and not rely on any post, chart, graph or marketing piece to make a decision. No investment or tax advice may be rendered by Brickley Wealth Management or Brickley & Company unless a client service agreement is in place. We are not providing any personalized investment advice through this website. Please consult your investment, tax, or legal advisor for assistance regarding your individual situation. Brickley Wealth Management does not provide legal advice, and nothing in this website shall be construed as legal advice. For more information on our firm and our advisers, please see the latest Form ADV and Part 2 Brochures and our Client Relationship Summary https://adviserinfo.sec.gov/firm/summary/287487. For a copy of our Privacy Notice, please go here.

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