Currently Retired

Case Study #3

Jason & Linda


70 and 68 years old





Desired Income

Needs to be $150,000+ to maintain lifestyle.


Traditional IRA, Roth IRA, and trust account.


They have 5 children, and 14 grandchildren.

Primary Goals

Maintaining their current lifestyle, preserving financial security in the event of one spouse’s passing, leaving a legacy to their children, donating to charity, and relocating to another state (with higher taxes) to be closer to their grandchildren.

The Challenges


Can They Maintain Their Lifestyle And Leave A Legacy?

Jason and Linda enjoy a lifestyle of ~$150,000 a year filled with traveling and time with their grandkids. But they’re unsure if they can maintain this standard of living while leaving an inheritance to their loved ones.


Will One Spouse Be Taken Care Of If The Other Passes Away?

Jason and Linda need to know that the other will be okay financially in the event one of them passes. But they’re not sure if they have the right protections in place.


How Do They Handle Required Minimum Distributions?

Because Jason has contributed to a traditional IRA, he’ll be required to take minimum distributions at age 72. But he wants to avoid jumping to a higher tax bracket if possible.


How Do They Relocate Without Overpaying Taxes?

Jason and Linda have a lot of equity in their current home. They’ve paid it off, and have lived there for 25 years. But with this move, they’re worried their home sale will be subject to a large capital gains tax.

The Peterson Wealth Solution

Making An Income Plan And Legacy

We run Jason and Linda’s retirement through our Perennial Income Model™. This maps out an income distribution plan over the next 25+ years that will protect both their current lifestyle, and the legacy they want to leave behind.

Taking Care Of The Surviving Spouse

We calm Jason and Linda by showing them how they’re protected in retirement. The Perennial Income Model™ demonstrates how in the event of one’s passing, the surviving spouse won’t have to change their lifestyle. We also work with their attorney (or provide one of our own) to create a current, and concrete estate plan.

Managing Required Minimum Distributions

Before Jason relocates and turns 72, he has an opportunity for a Roth Conversion. This allows his retirement account to take advantage of being in a lower tax bracket today, and reduce required minimum distributions tomorrow. Since Jason is 70, we’ll help him make tax-free transfers from his traditional IRA to the charity of his choice by using Qualified Charitable Donations every year. This will reduce his required minimum distributions even further!

Avoiding Capital Gains Taxes When Moving

Working with Jason and Linda’s CPA, we’re able to make a tax plan regarding the sale of their house. Through it, we’re able to explain the primary residence tax deduction, deduct repairs and qualified improvements, and take advantage of tax-loss harvesting to offset the gains from the sale of their home.

The Conclusion

Jason and Linda feel confident about achieving their long-term goals. Peterson Wealth Advisors has shown them how they can protect one another, leave a legacy, build a lasting retirement, and sell their home tax-efficiently. They’re now fully ready to step into the next exciting chapter of their lives.

Note: The above case study is hypothetical in nature, and does not represent any specific client of Peterson Wealth Advisors. None of the above content can be taken as a guarantee of exact experience one will have when engaged with Peterson Wealth Advisors service.

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