Who We Help
These are examples of clients we have helped in many walks of life.
Medical Professionals
Medical professionals are employed as physicians, dentists, surgeons, or other healthcare specialists. They are typically highly compensated and are limited in their ability to defer a large portion of their taxable income.
Can I Afford to Retire?
Dr. W is the sole owner of a successful medical practice and chose Summit to Organize his family's financial situation; Review the retirement plan offered to his employee...continue reading
Redefining Life's Goals
A 62-year-old physician and his wife, who had been Summit clients for over 10 years, met with their Advisor on a Friday. The Advisor asked them to write down five items they felt they would need ...continue reading
What Lifestyle Choices Can a Starting Physician Make Today?
A 38-year-old surgeon began working for a thriving surgical practice. Starting at a $200,000 salary with scheduled increases, he expects to be earning $500,000 in three years and to be offered a ...continue reading
Can I Afford To Make This Investment?
A senior member of her group practice approached a 38-year-old physician about investing in a substantial commercial real estate development. While she was just starting to experience a significa...continue reading
Corporate Executives
Corporate executives are employed in a corporate structure where some part of their compensation is either in the form of stock options, restricted stock, or impacted by the profitability of the corporation.
Evaluating Unexpected Early Retirement Packages
Frank was a successful VP at a large corporation. Over the years, he had received company stock options, a pension benefit, and fully funded his 401(k) plan. Each year, Frank, his wife, and his...continue reading
Executive Within Five Years of Retirement Terminated
As the economy took a downturn, Fran was terminated from her position and provided a one-year severance package. She was heavily recruited by several corporations and called her Summit Advisor fo...continue reading
Making Smart Decisions When Considering Restricted Stock
The tax rules for restricted stock are complex. What might seem like a great idea to an employee "bullish" on their company, could result in some unexpected tax consequences. Tom, a 51-year-...continue reading
Small Business Owners
How Do I Manage The Unexpected Proceeds From a Business Sale?
41 year old small business owner experienced a windfall from the sale of an investment property and needed counseling on the use of these proceeds. Choices included investing in his business, spe...continue reading
Do I Need a Business Succession Plan?
David and his brothers run a successful family owned business which they took over from their father. David and his wife Kathy hired Summit to not only prepare their personal financial plan and manag...continue reading
Retirees
What Steps Need To Be Taken When Diagnosed With a Serious Illness?
Louise and Michael were in their 50s when Michael sold his home building business. Michael had intended to keep working on a consulting basis but was diagnosed with an aggressive form of cancer ...continue reading
Can We Afford to Purchase a Second Home Once Retired?
Robert and Sandra had been planning their retirement for years. A few years prior to Robert’s retirement, 65 year old male and 68 year old female decide to retire and purchase a second home whe...continue reading
Can I Afford To Make Gifts to My Children?
A client and her husband were advised to make annual tax free gifts to children in order to reduce their taxable estate at the second of their deaths. After the husband passed away several years ...continue reading
How Do I Adjust My Household Cash Flow in Retirement?
Recent retiree never had to budget for cash flow while employed. At retirement he said he was comfortable with having just $10,000 in his cash reserve fund and using his investment account to mee...continue reading