One Retiree's Story of How She Built Her Retirement Nest Egg

One way to build wealth is to max out your company’s retirement plans, but doing it in tax-efficient ways can make an even bigger difference.

An older woman sitting on the side of her bed stretches after waking up.
(Image credit: Getty Images)

Kelly is a longtime client. We started working together when she was a young analyst at a Fortune 500 insurance company. Kelly made decent money but didn’t have the time to focus on her finances. Soon enough, she was promoted to vice president, then to senior vice president overseeing the entire East region. Today, 25 years later, we are sitting at her house, reviewing her retirement cash flow projections, and the reality sinks in that she can finally retire — or, as she says, “not have to get up in the morning.”

Kelly earned it — she put in the time — but she also acknowledges she couldn’t have done it alone. Together, we had several conversations on how to maximize the plans her company offered. Those plans turned out to be the cornerstone of her retirement nest egg. If you’re like Kelly, working in Corporate America and wondering how to get the most out of what your company offers, here are some of the things that worked for Kelly and may work for you, too.

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Michael Aloi, CFP®
CFP®, Summit Financial, LLC

Michael Aloi is a CERTIFIED FINANCIAL PLANNER™ Practitioner and Accredited Wealth Management Advisor℠ with Summit Financial, LLC.  With 21 years of experience, Michael specializes in working with executives, professionals and retirees. Since he joined Summit Financial, LLC, Michael has built a process that emphasizes the integration of various facets of financial planning. Supported by a team of in-house estate and income tax specialists, Michael offers his clients coordinated solutions to scattered problems.