The Kellys are a couple in their early 60s with grown children. She’s a high earner in the medical field and has a complex executive compensation plan with her medical group. He’s a business consultant. They’ve put substantial money away in addition to their 401ks. They haven’t fixed a date to stop working, though it could happen in the next few years. Their children are both pursuing advanced degrees and the Kellys would like to help them with those costs.

Though the Kellys have retirement plans and pensions that will offset their anticipated living expenses, they fit the profile of people in transition. They won’t likely start drawing down their resources in the next few years, but their Halbert Hargrove advisor is helping them put things in place to prepare to live off what they’ve built up in a balanced way.