Our team focuses on handling the financial and investment issues often distinct to utility employees and retirees. Whether you are a union employee or management, it is important to work with an advisor who understands the details and options of your company’s retirement plan.

Case Study

Matt Whalen is 61 years old and looking to retire in the next two years. He has worked for the local utility for most of his career. His wife, Brenda, 55, enjoys her work as an art teacher and wants to continue working for another 10 years. Matt is concerned about how to set up a retirement income plan that will allow him to retire first, but then, be able to provide additional income when Brenda retires so they can travel together.



How do I know if I have pensions or other benefits due from my company’s past mergers? We review all current and previous employer plans to help determine if there are pension and/or other benefits due. We work with you to complete and submit all paperwork and add the benefits into your retirement plan.
How do I choose a pension option that will protect my spouse and family? We review your pension options and recommend the most appropriate choice for you, your spouse and family. We will discuss each option and answer any of your questions before finalizing your pension option.
When should I claim Social Security? We perform a Social Security analysis and help you determine the best claiming strategy.
How much of a penalty will I incur if I retire early? After a complete inventory of your investments, pension benefits, Social Security and healthcare options, we create specific recommendations, based on your age and income requirements, to determine the potential impact penalties may have on your retirement income.
How do I make sure Brenda is taken care of if I die? We work with you to make sure that your investments and pensions are set to provide for a surviving spouse. We also coordinate with your attorney to make sure critical estate plans and beneficiary designations are up to date.
What are the healthcare options for my family? We conduct an analysis based on age, company benefits, Medicare options, private health insurance options and your family situation. We review healthcare alternatives and income requirements so you can make an informed decision.
How much retirement income do I need? Together, we create a plan based on your lifestyle and income needs. We review all investments, Social Security and pension options to create a flexible plan that provides the income you need throughout retirement.

From insights and explanations about your plan’s benefits, to uncovering provisions of past mergers and filling out your retirement paperwork, our team is committed to helping utility workers for the long term.

IMPORTANT: The projections or other information generated by Envision regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.

Envision® methodology: Based on accepted statistical methods, the Envision tool uses a simulation model to test your Ideal, Acceptable and Recommended Investment Plans. The simulation model uses assumptions about inflation, financial market returns and the relationships among these variables. These assumptions were derived from analysis of historical data. Using Monte Carlo simulation, the Envision tool simulates 1,000 different potential outcomes over a lifetime of investing varying historical risk, return, and correlation amongst the assets. Some of these scenarios will assume strong financial market returns, similar to the best periods of history for investors. Others will be similar to the worst periods in investing history. Most scenarios will fall somewhere in between. Elements of the Envision presentations and simulation results are under license from Wealthcare Capital Management LLC. © 2003-2021 Wealthcare Capital Management LLC. © 2003-2021 Wealthcare Capital Management LLC. All Rights Reserved. Wealthcare Capital Management LLC is a separate entity and is not directly affiliated with Wells Fargo Advisors.

*This case study is hypothetical and for discussion purposes only. It is not intended to represent any specific return, yield or investment. Individual experiences referenced above may not reflect the future experience of any one client. The planning process discussed may not be suitable for your personal situation, even if it is similar to the example presented. Past performance is no guarantee of future results. Investing involves risk including the possible loss of principal.

Wells Fargo Advisors is not legal or tax advisor. You should a consult with your attorney, accountant and/or estate planner before taking any action.

Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.