60-year-old Teachers With Plenty of Retirement Income Want Absolutely No Market Risk

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

⭐️ Here are the details ⭐️

✅ Denise & Johnathan are 60-year-old teachers

✅ They have $8,000/month of guaranteed income from their 2 pensions

✅ They have a total of $400k in (2) different 403b accounts

✅ They also have $300k in a high yield savings account

✅ They want to protect their retirement income from a possible long-term care event

✅ They have no desire to have any money in the stock market

✅ They want to retire NOW

⭐️ Step 1: Income Analysis ⭐️

✅ The pensions provide enough retirement income so no there is no need for additional income

⭐️ Step 2: Flexible Spending Money Requirements ⭐️

✅ They want to keep $200k in savings for traveling the first 10 years of retirement

✅ The remaining $500k they want to grow but with NO MARKET RISK

✅ They also want to use a portion to protect themselves against a possible long-term care event

⭐️ Step 3: Savings Strategy ⭐️

✅ $200k into a fixed annuity that will accumulate at 6% per year for 10 years (guaranteed)

RESULTS: fixed annuity equals $358k at the end of 10 years

✅ $200k into an indexed GROWTH annuity, earning between 3.37% and 11.56% per year (based on past performance)

RESULTS: Indexed, Growth account worth between $278k & $597k with no market risk.

⭐️ Step 4: Put a $100k into a long-term contract ⭐️

✅ This will provide approximately $350k of long-term care protection at age 80

✅ If they don’t use it it will transfer tax-free to their loved ones 💙

Total Results: $400k saved equals approximately $636k-$955k in 10 years & the $100k long-term care contribution provides them $350k of long-term care protection at age 80

All of this is done with no market risk (allowing the insurance company to absorb it instead).

Let’s chat 💬😎