Lacy, age 29

Lacy has been working for a large insurance company as an event planner for eight years and is making $105,000 a year. She wanted to make sure she was saving enough for retirement and investing her 401k appropriately. She also had accumulated over $40,000 in savings at a large bank earning .01% annual interest. She had two student loans remaining, one at an interest rate of 3.75% and another at 6.25%.

We confirmed Lacy was on track for her retirement goals but suggested she change how she uses her unspent cash each month. We recommended she start a monthly contribution to a Roth IRA to provide tax-free growth for the rest of her life. We helped her reduce costs and further diversify her 401k by changing her investment allocations. We recommended she pay $100 per month extra on her 6.25% student loan to pay it off three years early and save $1,800 in interest. We recommended she change her savings account to a different bank to earn $200 per year more in interest while still having FDIC insurance. And finally, we recommended she utilize her company’s health savings account to save over $800 per year on regular medical expenses.

This is the power of a financial Blueprint – not just an investment platform, but a plan for your future!