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Case Study: Amy and Steve

Amy and Steve are both young physicians in their mid-30s. They own a home and had recently started a family.

Challenges

During medical school, they amassed a considerable amount of debt and had difficulty saving. As their incomes rose dramatically after residency, Amy and Steve soon realized that they did not have a plan in place to manage their debt, save for their children's college educations and set money aside for their own retirement, among other things.

Between their careers, family commitments and social activities, they continually put off what seemed to be a daunting and arduous task: how to organize and plan for their future.

Finally, based on a referral from a trusted friend, they contacted an advisor at McKinley Carter to review their financial situation.

Solution

During their first meeting, Amy and Steve reviewed their personal and professional goals and objectives with their advisor. It soon became clear that they needed a comprehensive wealth management plan to effectively manage their total financial situation.

Together, they decided that emphasis should be placed on building cash reserves for emergencies, followed by implementing a savings strategy for their future and their children's college funding. Because the interest cost of their current debt was low, it made the most sense to make regular payments and not be concerned about paying the loans off early.

Outcome

By basing their planning decisions on mutual goals and the financial interests of their family., Amy and Steve were able to implement a plan they could follow successfully. Throughout the next year, their advisor stayed in regular contact with them to ensure the appropriate steps were being taken to keep them on track.

Now Amy and Steve can focus their energies on their family and careers, comfortable in the knowledge that their financial plan was in place and being managed full-time by trusted professionals.


Any case studies are intended to illustrate services available through McKinley Carter. They do not necessarily represent the experience of other clients nor do they indicate future performance.

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Expect to Leave Invigorated.

Every conversation with McKinley Carter is an energizing experience, an opportunity to take your financial instincts and confidence to the next level—starting with the very first one.

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