Utilizing Corporate Benefits - Case Study

Overview

Adeline was a recent graduate and had begun working for a startup company. Her goal was to pay off her student loans and invest her money wisely. She had no confidence when it came to money and needed an advisor who could guide her. We worked together on a personalized financial plan, which included a plan to pay off the student loan in five years, utilized her corporate benefits and established savings for her goal to get her PHD. Happy to say that she is now getting her Doctorate and continues to be grateful to her advisor.

The Problem

Adeline was a recent graduate and had begun working for a startup company.

The Challenge

She had no confidence when it came to money and needed an advisor who could guide her.

The Goal

Her goal was to pay off her student loans and invest her money wisely so she could get a Ph.D

The Path

Adeline was unsure of all the employee benefits that were being offered because her Employee Orientation covered a lot of things. I had her do a more thorough research on what was available. We identified the ones that would be advantageous for her (save her money, reduce her taxes, health/life/disability insurances and programs that would provide her resources that she would need. We had her sign up for 401(k) and ensured that she received the company matching and how much she should invest in her company’s ROTH 401(k)

The Frontier Wealth Strategies Benefit

Adeline had a goal of obtaining her PhD. We developed a financial plan for her to be able to leave her job and work on her PhD. This required a plan for saving, investing, and student debt management. Three years later, she is in a Doctorate program with a fellowship stipend, she has savings that will support her during her doctorate, she is investing her own money, and her student loan is manageable. Currently, we do occasional consultative checkups to make sure she is on track and make adjustments as needed.