63-year-old Couple with $1.9M +$500k in Deferred Comp Want to Retire Immediately!

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

💾 be sure to save for later 💾

⭐️ Here are the details ⭐️

✅ Larry & Cassie are 63

✅ $15,000/month of retirement income is their desired retirement lifestyle

✅ They have a $1M indexed universal life policy with $400k in cash value

✅ They have $600k in Bonds that will mature at age 70

✅ They have a total of $1.3M in 401k’s & IRA’s

✅ They will each get $4,000/month from Social Security at age 70

✅ Larry’s Deferred Comp will pay $71,000/year for first 7 years of retirement

✅ Cassie has a small pension will pay $1,200/month immediately

⭐️ Step 1: Deferred Comp Replacement Strategy ⭐️

✅ Goal is to replace the $71k/year of Deferred Comp income in 7 years

✅ $550,000 into a deferred income annuity will guarantee $71k/year for life at 70

⭐️ Step 2: Short-term Flexible Market Withdrawals (years 1–7) ⭐️

✅ Larry & Cassie will pull $8,000/month from the market

✅ After 7 years this should still be worth about $275k (earning 6% per year)

⭐️ Step 3: Turn on Social Security + Bonds Mature at age 70 ⭐️

✅ Social Security will become $8,000/month of guaranteed for life

✅ Their $600k Bond matures

✅ Meaning they have $875k in addition to all other fixed income (including retirement accounts)

⭐️ Step 4 — Supplemental Income + Tax-free Gifting ⭐️

✅ They will take a 4% portfolio withdrawal every year for supplemental income

✅ Any income not need for their own retirement will be gifted tax-free

✅ OR, will be funneled into their IUL for a tax-free wealth transfer when they pass away

🌟Final Results: $15,000/month in years 1–7 + approximately $18,000/month for life

🌟 BONUS TIP: Because they have life insurance cash value they can take MUCH HIGHER than 4% income withdrawals from any money they leave in the market

➕ That policy can be used to absorb drops in the market while still preserving a tax-free legacy for their loved ones

Let’s chat 💬😎