Building a Financial Plan for a 45-Year-Old Couple With $2.5M Saved

Subscribe for new episodes every Thursday. Join 10,000+ readers at www.druckerwealth.com or book your FREE call today: https://calendly.com/gideon-6/15min In this episode, Gideon Drucker and Jordan Haines walk through a case study: Brian and Stephanie, ages 45 and 43, with two kids, $650,000 of household income, and $2.5 million saved. They are a composite of real clients, and Gideon and Jordan take them step by step through a full financial plan, in the order they would actually tackle it, with the recommendations they would actually make. The real question is not whether Brian and Stephanie are doing “well.” It is whether every piece of their financial life is pointed in the same direction. In this episode: Why your home should stay out of your net worth unless the plan is to sell it and downsize What an 85% probability of success really means, and why it is not a 15% chance of going broke How to work a plan backwards by asking what you would have to change today to reach a 90% probability of success Why every dollar you earn goes one of three places (saved, spent, or paid in taxes), and why cash flow is the diet and exercise of your finances Why a plan should never depend on a 10% investment return How to give every saved dollar a job across pre-tax and Roth accounts, a mega backdoor Roth, your HSA, 529 plans, and taxable investing Why cash sitting in a high-yield savings account can still lose purchasing power How much of your kids’ college to fund, and why the answer depends on whether your own financial independence is on track Why employer life insurance may disappear the moment you change jobs, and the three risks that do the most damage to building wealth: dying, becoming disabled, and getting sued