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Separating from P&G

 

Steve and Mary, a couple in their 50’s, just received an early separation package from Procter & Gamble. They are excited about the offer, but have questions about how things will work, and if they can really afford to follow their dream to retire early.

Steve is a manager with P&G and Mary is a logistics specialist with a local transportation company. They came to HCM from a disappointing experience with a large brokerage firm. That firm’s focus was on selling products which were not always appropriate for Steve and Mary, rather than building a coordinated financial independence strategy.

Steve and Mary wanted a team with years of experience who understood Steve’s separation benefits and could integrate them with Mary’s retirement plan. They wanted a comprehensive plan that helped them with:

  • Growing income throughout retirement
  • Taking full tax advantage of the Net Unrealized Appreciation (NUA) in Steve’s PST
  • Deciding if they should take a distribution now or leave Steve’s retirement assets with the Company
  • If a lump-sum distribution is appropriate, how to handle both the common and preferred shares in Steve’s PST
  • A review of how both their distributions might impact estate and Family education funding 

Steve also has stock options coming due over the next few years which complicated Steve and Mary’s income tax planning and social security claiming decision.

After learning more about HCM, Steve and Mary decided HCM’s Brighter Future Program™ was just what they were looking for. We created a detailed financial plan which answered all of their financial questions. With our advanced aggregation technology, we were able to link all of their financial accounts to give them a single consolidated view of their entire financial picture. For the first time in a long time, managing their finances is easy again! They are organized and in control.

If you would like to learn more about how HCM may be able to help you create an intelligent wealth plan that meets your specific needs, contact us at 513.598.5120 or at info@hengeholdcapital.com.

For more information regarding services provided by HCM when separating from P&G, click here.

This scenario is intended to illustrate services available at HCM and is not intended to be a testimonial or endorsement and is not intended to necessarily represent the experiences of other clients.