Phone » 513.598.5120   |   Careers   |   Client Login

A Business Owner Who Dreams of Retirement

A 53 year old small business owner was certain that he would not be able to reach his goal of retiring when he turned 60. In the aftermath of two significant market corrections in one decade, he came to HCM distressed over the outlook for his pending retirement.

Though he lived a fairly simple lifestyle, he had been saving and investing his retirement money very aggressively using stock tips from friends and business acquaintances. His retirement account balances had dropped significantly, and he was paralyzed and did not know what to do to turn things around.

After helping him rework his portfolio to an appropriate asset allocation, organized in a tax efficient manner, we worked with his accountant to set him up with the best retirement plan for him and his business. This allowed him to save the most and pay the least in taxes from his business income. 

We set up a monthly schedule of steady, regular contributions to his account. We utilized dollar cost averaging in a diversified portfolio of low-cost, value-oriented, index-based funds geared to achieve growth. Years later, he left his annual meeting with his HCM Wealth Advisor where he happily adjusted his portfolio to generate more income, long-term growth and capital preservation.

Thanks to HCM, he was ultimately able to retire at age 62 and enjoy life in his dream home on a beautiful lake in North Carolina. A note from his new address proclaimed: "Thanks for helping me achieve my dream of retirement. I couldn't have done it without your expert guidance!" Contact HCM at 513.598.5120 and let us help you get on the path to your retirement dreams!

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.