Case Study

Meet Kat

Federal Employee

Situation

Kat started working for the federal government after she graduated from grad school 5 years ago. She makes decent money, but feels paying down her $149,000 federal student debt needs to be done before she starts saving. She wants to travel and enjoy life, but she feels constantly stressed by her money, unsure if she is doing enough for her future.

Kat

Goals

How We Helped

  • Analyzed if it’s best to apply for the Public Service Loan Forgiveness (PSLF) program, to pay off her student loans. Lowered her monthly payment after she enrolled in an income-driven repayment plan. Showed her steps to take each year so her monthly payments count towards PSLF. 
  • Developed a plan towards having a 6 months-worth of emergency savings within 9 months. 
  • Reallocated her Thrift Savings Plan (TSP) based on her risk tolerance and market conditions. Gave recommendations on pre-tax vs Roth TSP options. 
  • Helped Kat open, fund, and invest in an IRA, so she can grow some money with tax advantages.
  • Helped Kat set up a plan to begin saving for her home down payment. 
  • Provided ongoing support to Kat, allowing her to focus on her life and stress less about her money.

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Disclaimer: Case studies are hypothetical client scenarios. Planning recommendations may differ from your situation. Please consult with your own advisor before making any changes to your Financial Plan, Investments, or Insurance coverage.

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