Building a Foundation
For Helen and John, a couple in their early 30s, the future looks bright. John is a physician in a growing neurology practice. Helen is an English professor at the local university. Their two children, ages two and five, are happy and healthy.
But the family’s expenses are high and include a large mortgage, college and medical school loans, child care and private school tuition. Helen and John are also concerned about saving enough to achieve their long-term goals—moving to a bigger house, sending their children to private schools and college, buying into John’s medical practice, and, eventually, retiring comfortably.
Helen and John turned to their SunTrust Private Wealth Management advisor, who carefully reviewed their financial picture and talked with them in depth about their goals and dreams. She then helped the couple create a comprehensive plan for building wealth for the future, including a 529 College Saving Plan for each child, individual retirement accounts for Helen and John, and a diversified tax-efficient investment portfolio that targets steady growth over the long term.
Now, Helen and John are on track to meet their goals. They have also gained a greater sense of clarity and confidence about their finances—and the knowledge that they are building a strong foundation for their family’s future.