56-year-old Couple Takes Social Security Early & Retires at 62 with $10k/month

(don’t forget to checkout the video of this case study)

💾 be sure to save for later 💾

⭐️ Here are the details ⭐️

☑️ Lucy & Ricky are 56

☑️ They will each get $2,700/month from Social Security at 62

☑️ They have a combined $550k in rollover IRA’s

☑️ They each have $100k in a 401k that they max out

(+$10k/year match from employer)

☑️ They have $150k in high yield savings

☑️ They want to ensure a comfortable income in 6 years

⭐️ Building A Market-Independent Retirement Income Base ⭐️

☑️ $550k IRA rollover into a deferred, IRA Income Annuity

☑️ The income value will be worth over $1M in 6 years (over an 11% annual return)

☑️ It will also pay them an income rate of 5.7% per year (guaranteed for life)

☑️ This translates to $4,900 per month of guaranteed, lifetime income

+ They will have a total of $5,400 per month from Social Security

Bringing their total in 6 years to $10,300 per month of lifetime income

(with annual inflationary increases from Social Security)

⭐️ Performance-based Supplemental Income & Wealth-Building ⭐️

☑️ They will each have approximately $468k in their 401k (if they earn 8% per year)

☑️ That’s $937,000 of additional retirement assets to be used at their discretion

☑️ + assume they still have $150k in high yield savings

Total additional retirement assets that can remain invested in the market = $1.09M

⭐️ Options for this money ⭐️

☑️ Follow 4% Rule & Collect an additional $3,623 per month (at minimum)

☑️ Use this money flexible as needed for travel & other potential, unforeseen expenses in retirement

☑️ Begin positioning some of this money for a tax-free wealth transfer

☑️ Stay invested very aggressively & gift as much tax-free money as possible in retirement

Whatever they decide to do they have Options, flexibility, and security

🔥 They know they have at least $10,000 per month of lifetime income

🔥 They also have more than $1M that can stay invested in the market for long-term growth

🔥 They also have the funds to protect themselves from a possible long-term care event

🔥 AND they are very likely to be able to leave some money to their loved ones in some way

Let’s chat 💬😎