Wash and Zoe started saving for retirement at age 30. They are both currently working and would like to retire at 55. They would like to have children. They own a mobile home with a 3.25% mortgage interest rate. Wash started a side business that is starting to generate additional income. They live frugally in order to save as much as possible. They do not have a will or other estate documents. They are concerned about taxes, fees, college savings for the children and being able to retire at 55.



  • STEP Financial process:

    • Determine the best way to position them to receive the most favorable tax treatment.
    • Analyze the best approach to their mortgage: pay the minimum and invest starting now or pay the mortgage off early then begin to invest .
    • Develop an investment philosophy and risk analysis.
    • Create an investment portfolio appropriate for their risk tolerance and ability to take risks.
    • Get Estate Documents.
    • Discuss Life Insurance.
    • Uncover ways they can save on fees and college expenses.
    • Maximize their savings.
    • "Remember your dreams and fight for them. You must know what you want from life." - Paul Coelho

    • "Failing to plan is planning to fail." - Alan Lakein Lakein

    • "Never underestimate the power of dreams and the influence of the human spirit." - Wilma Rudolph

    • "Before beginning, plan carefully." - Marcus Cicero