63-year-old Couple Wants $10k/month in Retirement (with a $2.7M Tax-free Roth Conversion Strategy)‼️

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

💾 be sure to save for later 💾

⭐️ Here are the details ⭐️

✅ Ross & Rachel are 63

✅ They want $10,000/month of retirement income in 4 years

✅ They have $600k in IRA’s

✅ They have $800k in 401k’s

✅ They have $300k in cash & CD’s

✅ They want to explore a Roth Conversion in retirement

✅ They will get $5,500/month of Social Security Income in 4 years

⭐️ Objective 1: Retirement Income ⭐️

✅ They need an additional $4,500/month of guaranteed, lifetime income in 4 years

✅ They want to use an indexed, income annuity so they can keep other money in the market

✅ $535k growing in the deferred annuity will guarantee an income of $4,500/month for life

✅ This leaves them $1.1M in taxable retirement accounts & $350k in cash at retirement

⭐️ Objective 2: Determine Roth Conversion Capacity (based on tax brackets) ⭐️

✅ They want to stay in the 22% tax bracket

✅ Their current taxable retirement income is about $95k/year

✅ This leaves them about $105k/year that they can do a Roth Conversion on

✅ They will do this conversion for the first 5 years of retirement & then immediately stop

⭐️ Objective 3: Pay for Roth Conversion ⭐️

✅ They will move the full $105k/year from the IRA to a Roth

✅ This will cost them about $24k per in additional taxes

✅ But all of this money will grow tax-free inside of the Roth IRA

⭐️ Final Results ⭐️

✅ They will have about $668k in the Roth after the 5 year conversion

✅ This will be worth $2.7M at age 90 (that they can leave tax-free to loved ones)

✅ Their remaining assets are worth about $1.05M at age 72

✅ Which they can then use to generate an additional $8,000/month until age 90

⭐️ Overall Summary ⭐️

🔥 $10,000/month of guaranteed income + $2.7M tax-free to loved ones + Extra $8,000/month until age 90 🔥

Let’s chat 💬😎