- Michelle Crumm, CFP®, CPA, MBA
"Embarking on the path toward retirement can be both exhilarating and daunting, but a CFP® financial planner can illuminate the way, ensuring your financial landscape is as promising and serene as the retirement you envision."
Financial Planning for Pre-Retiree Women
Hiring a CFP® financial planner
Sophia decided to consult a CFP® financial planner who specializes in working with women like herself. Here’s how her financial planner assisted Sophia:
Customized Financial Planning: She developed a comprehensive financial plan considering Sophia's personal, family, and business financial goals.
Business Financial Analysis: She provided insights into cash flow management and growth strategies for her boutique.
Retirement Planning: She established a diversified retirement portfolio, balancing between growth-oriented and conservative investments.
Estate Planning: She outlined an estate plan to ensure a structured financial legacy for her children.
Investment Diversification: She advised on diversifying investments to manage risks and enhance potential returns.
With her financial planner's empathetic and personalized approach, Sophia achieved:
Structured Financial Growth: A well-organized financial plan aligning with her short-term and long-term goals.
Confident Business Expansion: Implemented financial strategies leading to an increase in her boutique’s revenue.
Secure Retirement Path: On track to retire by 60 with a diversified portfolio ensuring a comfortable lifestyle post-retirement.
Sophia's journey underscores the importance of a female-focused, personalized financial planning approach in achieving a harmonious balance between personal enjoyment, family security, and financial growth.
Note: We protect our clients’ personal information. This hypothetical case study does not involve an actual Belle Eve Financial client. No portion of this 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 Belle Eve Financial is engaged to provide investment advisory or financial planning services.
Sophia is a 52-year-old business owner from Brighton, MI. With a successful local boutique, a loving spouse, and three grown children, Sophia embodies the spirit of entrepreneurship. Earning around $200,000 annually, she loves to travel and shop, always valuing quality and aesthetics in her purchases. Social media savvy, she often shares her life's beautiful moments on Instagram and Facebook.
Sophia’s primary financial goals were:
Ensuring a comfortable and early retirement for herself and her spouse.
Creating a solid financial legacy for her children.
Growing her business revenue while also diversifying her investments.
Despite a flourishing business, Sophia found it challenging to juggle between business finances, personal savings, and investment decisions. She was unsure about the right strategies to save for retirement and create a legacy for her children while also enjoying her life.
Sophia had engaged a financial planner before, who her husband liked. However, she felt the planner didn’t quite understand her individual needs and desires, especially concerning her business finances and long-term family financial planning. The communication wasn't as personalized and empathetic as she would have liked.