A career in academia has been rewarding for Michael. He continues to work not because he feels he has to but because he still gets a sense of being part of something bigger than himself.
He isn’t worried about saving enough, having enough, or even giving enough. He’s been a diligent saver and even paid off the mortgage on his home. But he doesn’t know if there is something he is missing. Is there a trap door he is unaware?
Lastly, there is concern with taxation.
Michael met with a planner who helped him:
- Reduce costs on his investments
- Created a tax smart portfolio
- Reduced the riskiness of the overall portfolio
- Reduction of taxes paid through Roth conversions, charitable giving and optimizing when to take Social Security
Today, Michael has stopped working full-time and began to work on the book he has always dreamed of publishing. The calming sense of freedom and having a plan has helped him live his best life.