Life Transitions
George & Karen
72 and 70 years old
Retired
In their early retirement years, George encountered a health issue that forced them to reassess their future.
Key Concerns: Determining an appropriate healthcare and housing decision plan that allowed George to lead a fulfilling life, while ensuring that Karen was financially secure
George learned that he had a progressive disease that would one day require extensive healthcare intervention. He and Karen could continue an active lifestyle that included golf, tennis, and travel for many years. Still, they needed to assess their wishes regarding George’s eventual health decline and, therefore, plan appropriately. Key considerations included financial and non-financial tradeoffs of home healthcare versus retirement community multi-phase services. A silver lining was that George and Karen had time to plan properly.
Through experiences like George and Karen’s, Versant Capital Management helps people during life transitions, typically among the most stressful events people go through. Life transitions can be personal (divorce, significant healthcare issue, death of a spouse), career (starting a new business, selling a business, making a career change, retirement), and financial (receiving an inheritance, buying a second home). We work in a partnership relationship with you to develop an informed and suitable plan. We also monitor the plan with you to stay on course and adjust as needed.
George and Karen were helped with navigating health and housing alternatives. Non-financial goals and objectives were bridged to the couple’s current assets using a Capital Sufficiency Analysis. This tool provides sensitivity analysis across multiple scenarios (e.g., home health care costs versus retirement community) so that there is sufficient wealth to meet long-term goals. This analysis provided peace of mind for both George and Karen in knowing their personal decision could meet their needs.
This case study is fictional and is presented as an example of client services provided by Versant Capital Management. The case study is not indicative of any investment recommendations and should not be interpreted as a testimonial by any client. You should not assume that the results are typical or that you will have the same results.