61-year-old Couple with $600k: Can they retire in 6 years with $8k/month?!

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

💾 be sure to save for later 💾

⭐️ Here are the details ⭐️

✅ Mark & Christie are 61

✅ Their retirement income goal is $8,000/month

✅ Mark’s Social Security will be $3,000/month at 67

✅ Christie will draw the Social Security Spousal Benefit at 67 for $1,500/month

✅ They have $600k in Mark’s 401k which he is maxing out annually

✅ They bought long-term care insurance when Mark’s dad was diagnosed with Alzheimer’s

⭐️The 4% Rule Says…. ⭐️

If they just follow The 4% Rule they will need approximately $1.05M saved!

This is enough to generate a reliable $3,500 of additional retirement income (beyond their social security)…

However, it does NOT guarantee that income for life.

But, it does provide a very important element of inflation-protection to their overall retirement plan (ensuring their income isn’t slowly diminished by the effects of inflation)

⭐️ A Better Solution for Income ⭐️

✅ Take $362k now & position as future guaranteed income

✅ This will be done using an income annuity

✅ This provides an addition $3,500/month of guaranteed, lifetime income

⭐️ Retirement Income Results ⭐️

✅ $8,000 per month of income provided using only $362k (rather than needing the full $1.05M)

Plus, they have insured themselves against ever running out of money in retirement.

And If the market does well between now and retirement, they’ll also have $610k of additional funds to spend however they choose.🍷 🏖️ ⛵️

The total is $8000/month guaranteed + $610k for anything else they want to do in retirement!

Let’s chat 💬😎