Explore Diya & Ravi's story.*

See how Schwab Wealth Advisory™ could potentially help investors like Diya and Ravi secure funding for a dream home and maintain their current lifestyle as they transition into retirement.

Photo of Diya and Ravi with questions overlaid including Can we maintain our current lifestyle in retirement?

About Diya & Ravi

Photo of Diya and Ravi floating above icons representing their retirement goals.

Meet Diya, a 57-year-old medical professional, and Ravi, a 52-year-old business owner. Married and living in Minnesota, Diya and Ravi were building their dream house and selling a condo at the same time. They were hoping to secure a funding safety net in case the condo closing took longer than expected and also wanted to plan ahead for the rest of their financial future.

As relatively new clients with Schwab Wealth Advisory, Diya and Ravi were hoping to retire soon and had some pressing questions about their investments and tax planning:

  • How will they keep funding their new construction build if closing happens before they sell their condo?
  • Do they have enough saved that Diya can retire and continue their current lifestyle, especially given that Ravi's business is not producing much income at this point?
  • Is their current portfolio set up to support their retirement income properly?
  • How can they minimize estate taxes while continuing their charitable giving, given that they live in Minnesota?

To address these questions, we first zoomed out to look at Diya and Ravi's entire financial picture and to fully understand their wants and needs. Then we dove in, bringing together specialists to help make sure their wealth strategies were tailored to their goals.

*These scenarios are for illustrative purposes only, are not the experience of any specific clients, and are no guarantee of future performance or success.

NOTE: Certain services may be provided by affiliated professionals and third-party firms. Schwab Wealth Advisory does not provide specific individualized legal or tax advice. Please consult a qualified legal or tax advisor where such advice is necessary or appropriate.

Banking and credit management

Diya and Ravi* wanted to secure short-term funding to finish their dream home in case it took longer than expected to sell their current condo.

How Schwab Wealth Advisory helped

We connected Diya and Ravi with Schwab Bank to discuss options for funding their new property using margin, mortgage, and other solutions.

  • Diya and Ravi decided to use a Pledged Asset Line, which would potentially help them avoid liquidation of highly appreciated securities by borrowing against non-retirement assets in their portfolio.
     
  • The Pledged Asset Line also helped them access competitive rates with no setup fees or prepayment penalties while potentially avoiding tax consequences.

*These scenarios are for illustrative purposes only, are not the experience of any specific clients, and are no guarantee of future performance or success.

Charles Schwab & Co., Inc. does not solicit, offer, endorse, negotiate, or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. Charles Schwab & Co., Inc., and Charles Schwab Bank, SSB are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.**

The Pledged Asset Line is an uncommitted demand line of credit provided by either Charles Schwab Bank, SSB, or Charles Schwab Premier Bank, SSB. Entering into a Pledged Asset Line and pledging securities as collateral involves a high degree of risk. As a non-purpose line of credit, proceeds may not be used to purchase securities, pay down margin loans, or be deposited into any brokerage account. See schwab.com/PAL for more details. Before you decide to apply for a Pledged Asset Line, make sure you understand the risks. A Pledged Asset Line requires a brokerage account at Charles Schwab & Co., Inc.

Contact your Schwab Financial Consultant or connect with us to learn more.

Let's talk

Retirement planning

Diya and Ravi* wanted to retire with the ability to maintain their current lifestyle, even without Ravi's business currently generating much income.

How Schwab Wealth Advisory helped

We met to discuss how well positioned they were to meet future expenses based on their goals, preferences, and anticipated lifestyles.

  • With a focus on retirement for Diya within a year, we created a financial plan that addressed different timing and spending retirement scenarios.

We also brought in a Charles Schwab & Co. Fixed Income Specialist to discuss how they could potentially generate retirement income from their portfolio.

  • The Specialist discussed potential investment strategies for their portfolio to help generate the level of income they needed to support the retirement lifestyle they envisioned.

*These scenarios are for illustrative purposes only, are not the experience of any specific clients, and are no guarantee of future performance or success.

Retiring early, confidently.

See how we can help with your decision to retire early—and all the other decisions that come with it.

The Charles Schwab logo and Wealth Advisory logo appears on an all-white screen. The title reads Professional Wealth Management on Your Terms.

Upbeat music plays throughout.

The logos and text fade away to show Schwab Wealth Advisor, Ryan Ledbetter, CFP®, standing in a hallway.

So clients that retire early, you might be thinking, am I doing everything that I need to do tax wise? Am I being efficient with my investments? How am I producing the income that I need in retirement, if I'm going to retire? How do I get to Medicare? When should I take my Social Security?

My name is Ryan Ledbetter. I'm a Wealth Advisor with Schwab Wealth Advisory.

Typically a client that's like around 55 years old will be wondering, can I retire early? I just had this happen with they're 55 and 52, the husband's having a difficult time. His job is really laborious, right? So they're wondering how, how much longer does he have to do this?

After going through the plan and after helping them understand these are where your assets are, this is where they're located, this is the tax implications of how we pull from these investments. This is how much you'll need, and this is how much we can effectively produce from those assets. They realized, oh, we can actually do this.

And then it's just another conversation of here's the actual written plan. Here's how the portfolio needs to be structured. They're actually retiring in the next six months and then now they get to have this dependable income going forward and they can rest easy.

The screen fades to white and the following disclosures fade onto the screen:

Schwab Wealth Advisory™ ("SWA") is a non‐discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. ("Schwab"). Schwab Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab Corporation.

Portfolio Management provided by Schwab Wealth Advisory, Inc., a Registered Investment Adviser and affiliate of Charles Schwab & Co., Inc. (Schwab). Please read the Schwab Wealth Advisory and the Schwab Wealth Advisory, Inc. Disclosure Brochures for information and disclosures about this program. The Wealth Advisor, Associate Wealth Advisor, and other representatives making investment recommendations in your Schwab Wealth Advisory accounts are employees of Schwab Wealth Advisory, Inc.

This information provided here is for general informational purposes only and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner, or Investment Manager.

Information provided herein is for general information purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.

Financial Planning consultations are conducted by employees of Schwab Wealth Advisory, Inc. ("SWAI") or Charles Schwab & Co., Inc. ("Schwab") depending on the complexity of your financial situation. SWAI and Schwab are Registered Investment Advisors and wholly owned subsidiaries of the Charles Schwab Corporation.

Certain services may not be provided by affiliated professionals and third party firms. Schwab Wealth Advisory does not provide specific individualized legal or tax advice. Please consult a qualified legal or tax advisor where such advice is necessary or appropriate.

Asset allocation and diversification strategies do not ensure a profit and do not protect against losses in declining markets.

© Charles Schwab & Co, Inc., Member SIPC. All rights reserved.

(0924-KPP9)
Video Transcript

Retiring early with a Wealth Advisor

The Charles Schwab logo and Wealth Advisory logo appears on an all-white screen. The title reads Professional Wealth Management on Your Terms.

Upbeat music plays throughout.

The logos and text fade away to show Schwab Wealth Advisor, Ryan Ledbetter, CFP®, standing in a hallway.

So clients that retire early, you might be thinking, am I doing everything that I need to do tax wise? Am I being efficient with my investments? How am I producing the income that I need in retirement, if I'm going to retire? How do I get to Medicare? When should I take my Social Security?

My name is Ryan Ledbetter. I'm a Wealth Advisor with Schwab Wealth Advisory.

Typically a client that's like around 55 years old will be wondering, can I retire early? I just had this happen with they're 55 and 52, the husband's having a difficult time. His job is really laborious, right? So they're wondering how, how much longer does he have to do this?

After going through the plan and after helping them understand these are where your assets are, this is where they're located, this is the tax implications of how we pull from these investments. This is how much you'll need, and this is how much we can effectively produce from those assets. They realized, oh, we can actually do this.

And then it's just another conversation of here's the actual written plan. Here's how the portfolio needs to be structured. They're actually retiring in the next six months and then now they get to have this dependable income going forward and they can rest easy.

The screen fades to white and the following disclosures fade onto the screen:

Schwab Wealth Advisory™ ("SWA") is a non‐discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. ("Schwab"). Schwab Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab Corporation.

Portfolio Management provided by Schwab Wealth Advisory, Inc., a Registered Investment Adviser and affiliate of Charles Schwab & Co., Inc. (Schwab). Please read the Schwab Wealth Advisory and the Schwab Wealth Advisory, Inc. Disclosure Brochures for information and disclosures about this program. The Wealth Advisor, Associate Wealth Advisor, and other representatives making investment recommendations in your Schwab Wealth Advisory accounts are employees of Schwab Wealth Advisory, Inc.

This information provided here is for general informational purposes only and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner, or Investment Manager.

Information provided herein is for general information purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.

Financial Planning consultations are conducted by employees of Schwab Wealth Advisory, Inc. ("SWAI") or Charles Schwab & Co., Inc. ("Schwab") depending on the complexity of your financial situation. SWAI and Schwab are Registered Investment Advisors and wholly owned subsidiaries of the Charles Schwab Corporation.

Certain services may not be provided by affiliated professionals and third party firms. Schwab Wealth Advisory does not provide specific individualized legal or tax advice. Please consult a qualified legal or tax advisor where such advice is necessary or appropriate.

Asset allocation and diversification strategies do not ensure a profit and do not protect against losses in declining markets.

© Charles Schwab & Co, Inc., Member SIPC. All rights reserved.

(0924-KPP9)

Estate planning

Diya and Ravi* wanted to minimize estate taxes while continuing their charitable giving.

How Schwab Wealth Advisory helped

We met to determine what level of charitable contributions they could plan for while maintaining a high likelihood of retirement success.

From there, we connected them with a DAFgiving360™ Charitable Planning Consultant*** to set up a giving plan that focuses on supporting their alma mater.

We also referred Diya and Ravi to Tax, Trust, and Estate Specialists who provided information on several topics to discuss with their tax and legal advisors, including:

  • Updating their estate plan to include a revocable living trust to potentially help reduce their estate's exposure to probate. 
  • Establishing lifetime gifting and charitable strategies that could work to help minimize potential estate taxes. 
  • Potential asset protection strategies that might make sense considering Diya's medical career.

*These scenarios are for illustrative purposes only, are not the experience of any specific clients, and are no guarantee of future performance or success.

Employees of Schwab are not estate planning attorneys and cannot offer tax or legal advice, or create and prepare legal documents associated with such plans. Where such advice is necessary or appropriate, please consult a qualified legal or tax advisor.

To qualify for the special gift-tax exclusion, you need to file a United States Gift-Tax Return form to treat the gift as if it were made in equal payments over five years. To avoid gift tax, you should make no additional gifts to the beneficiary during those five years. To qualify for gift-tax exclusion, contribution must be received by December 31. If you are a Kansas taxpayer and wish to take a deduction for your contribution, it must be postmarked by December 31.

Increase your impact.

See how we can help make your charitable giving simple, efficient, and tax-smart.

The Charles Schwab logo and Wealth Advisory logo appears on an all-white screen. The title reads Professional Wealth Management on Your Terms.

Upbeat music plays throughout.

The logos and text fade away to show Schwab Wealth Advisor, Jaqueline de La Chapelle, CFA®, CWS®, sitting on a stage.

 We don't have a typical client. I really enjoy making a difference in people's lives. It's my passion personally to really do what's best for our clients.

One of our specialties is really making sure that our clients are making the most impact with their hard-earned dollars to the charities that they care about and are passionate about.

I have a client recently who is very charitably inclined and he was telling me that he writes checks to local charities. What he didn't know is that he could increase the impact on those local charities, many of which are really struggling, not by giving cash in the form of a check, which many people do, but rather donating non-cash assets that are highly appreciated.

This was impactful to him because not only could he make more of an impact locally on organizations that he cares about, but for his own situation, not only was it more tax efficient, but he had a lot of highly appreciated stock in companies that have probably seen the better days. So it gave him the opportunity to really refresh his portfolio by jettisoning those names in a tax efficient way.

You know, and I think ultimately it, it really optimized what they were trying to accomplish. Reduce their tax bill and, you know, keep a legacy of charitable giving going.

The screen fades to white and the following disclosures fade onto the screen:

Schwab Wealth Advisory™ ("SWA") is a non‐discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. ("Schwab"). Schwab Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab Corporation.

Portfolio Management provided by Schwab Wealth Advisory, Inc., a Registered Investment Adviser and affiliate of Charles Schwab & Co., Inc. (Schwab). Please read the Schwab Wealth Advisory and the Schwab Wealth Advisory, Inc. Disclosure Brochures for information and disclosures about this program. The Wealth Advisor, Associate Wealth Advisor, and other representatives making investment recommendations in your Schwab Wealth Advisory accounts are employees of Schwab Wealth Advisory, Inc.

This information provided here is for general informational purposes only and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner, or Investment Manager.

Information provided herein is for general information purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.

Financial Planning consultations are conducted by employees of Schwab Wealth Advisory, Inc. ("SWAI") or Charles Schwab & Co., Inc. ("Schwab") depending on the complexity of your financial situation. SWAI and Schwab are Registered Investment Advisors and wholly owned subsidiaries of the Charles Schwab Corporation.

Certain services may not be provided by affiliated professionals and third party firms. Schwab Wealth Advisory does not provide specific individualized legal or tax advice. Please consult a qualified legal or tax advisor where such advice is necessary or appropriate.

Asset allocation and diversification strategies do not ensure a profit and do not protect against losses in declining markets.

© Charles Schwab & Co, Inc., Member SIPC. All rights reserved.

(0924-KPP9)
Video Transcript

Charitable giving with a Wealth Advisor

The Charles Schwab logo and Wealth Advisory logo appears on an all-white screen. The title reads Professional Wealth Management on Your Terms.

Upbeat music plays throughout.

The logos and text fade away to show Schwab Wealth Advisor, Jaqueline de La Chapelle, CFA®, CWS®, sitting on a stage.

 We don't have a typical client. I really enjoy making a difference in people's lives. It's my passion personally to really do what's best for our clients.

One of our specialties is really making sure that our clients are making the most impact with their hard-earned dollars to the charities that they care about and are passionate about.

I have a client recently who is very charitably inclined and he was telling me that he writes checks to local charities. What he didn't know is that he could increase the impact on those local charities, many of which are really struggling, not by giving cash in the form of a check, which many people do, but rather donating non-cash assets that are highly appreciated.

This was impactful to him because not only could he make more of an impact locally on organizations that he cares about, but for his own situation, not only was it more tax efficient, but he had a lot of highly appreciated stock in companies that have probably seen the better days. So it gave him the opportunity to really refresh his portfolio by jettisoning those names in a tax efficient way.

You know, and I think ultimately it, it really optimized what they were trying to accomplish. Reduce their tax bill and, you know, keep a legacy of charitable giving going.

The screen fades to white and the following disclosures fade onto the screen:

Schwab Wealth Advisory™ ("SWA") is a non‐discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. ("Schwab"). Schwab Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab Corporation.

Portfolio Management provided by Schwab Wealth Advisory, Inc., a Registered Investment Adviser and affiliate of Charles Schwab & Co., Inc. (Schwab). Please read the Schwab Wealth Advisory and the Schwab Wealth Advisory, Inc. Disclosure Brochures for information and disclosures about this program. The Wealth Advisor, Associate Wealth Advisor, and other representatives making investment recommendations in your Schwab Wealth Advisory accounts are employees of Schwab Wealth Advisory, Inc.

This information provided here is for general informational purposes only and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner, or Investment Manager.

Information provided herein is for general information purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.

Financial Planning consultations are conducted by employees of Schwab Wealth Advisory, Inc. ("SWAI") or Charles Schwab & Co., Inc. ("Schwab") depending on the complexity of your financial situation. SWAI and Schwab are Registered Investment Advisors and wholly owned subsidiaries of the Charles Schwab Corporation.

Certain services may not be provided by affiliated professionals and third party firms. Schwab Wealth Advisory does not provide specific individualized legal or tax advice. Please consult a qualified legal or tax advisor where such advice is necessary or appropriate.

Asset allocation and diversification strategies do not ensure a profit and do not protect against losses in declining markets.

© Charles Schwab & Co, Inc., Member SIPC. All rights reserved.

(0924-KPP9)

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