50-year-old Wants to Know How Much Tax-free Income $700k Can Provide?!

(be sure to checkout the video of this case study too)

⭐️ Here are the details ⭐️

✅ Jason is 50 with $1.2M in a Roth IRA

✅ He wants to create guaranteed income with $700k (he’s not sure when to take it though)

✅ His social security will be $4000/month @ age 70

✅ He has no kids & wants to spend all of his money on sports cars

✅ He wants to grow the rest of his money with no risk

✅ He thinks he wants to retire @ 65 (but wants to explore early retirement as well)

⭐️ When to take his income⁉️⭐️

✅ Age 55 = $56,448/year of guaranteed, lifetime income

✅ Age 60 = $89,216/year of guaranteed, lifetime income

✅ Age 65 = $121,630/year of guaranteed, lifetime income

✅ Age 70 = $147,000/year of guaranteed, lifetime income

Jason Ultimately decides on 65 as his ideal retirement age, here are the results:

⭐️ At 65 Jason will have $10,136/month of tax-free income

⭐️ He will also have $1.14M remaining in his Roth at 65 (5.65% current fixed rates)

⭐️ At 70 his income increases to $14,136/month tax-free (with social security)

So he can easily buy a few Ferarri’s, Lamborghini’s, or McClarens….

But, remember, he will never pay a single dollar in taxes in retirement.

That’s truly a tax-free retirement.

Let’s chat 💬😎