60-year-old Couple with $1.3M: Can They Retire in 3 Years with a Risk-free $12k/month?!

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

💾 be sure to save for later 💾

⭐️ Here are the details ⭐️

✅ Gary & Debbie are 60

✅ Their retirement income goal is $10,000/month

✅ They have $200k in a Roth IRA they want to leave tax-free to their kids

✅ They each have $550k in their 401k (that they max out)

✅ They will both collect $4,800/month from Social Security at age 70

✅ They want to avoid leaving taxable retirement money to their kids

⭐️ Positioning Future Income in 10 Years ⭐️

✅ They have $9,600/month from social security at age 70

✅ We will take 60% ($330k) of their current 401k value & roll it over into an income annuity IRA

✅ This will grow at a rate of about 9% per year for 10 years (guaranteed)

✅ In 10 years they will have an additional $8,977/month of guaranteed, lifetime income

⭐️ 401k & Roth IRA Legacy Plan ⭐️

✅ They will continue maxing out 401k’s (with a $10k match)

✅ They don’t want life insurance so the Roth IRA is their tax-free wealth transfer strategy

✅ In 3 years their 401k’s are worth about $826,700 (at 8% per year)

✅ This will be their sole source of income for the first 7 years of retirement

✅ This will provide a guaranteed $12,000/month for 7 years

⭐️ Turn On All Guaranteed Income at 70 ⭐️

✅ Social Security will provide them $9,600/month with inflation protection

✅ Their annuities will provide $8,977/month

✅ Giving them a 54.8% raise at age 70 (with income that will last for life)

⭐️ Final Retirement Income Results ⭐️

✅ $18,577/month of guaranteed income…..

+ $2M completely tax-free to their children by not touching the Roth IRA for 30 years

Let’s chat 💬😎