67-year-old Couple Retires with $12,000/month ($6,400/month Completely Tax-free)‼️

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

💾 be sure to save for later 💾

⭐️ Here are the details ⭐️

☑️ Dharma and Greg are 67

☑️ They retire this year

☑️ $2,400/month from Social Security (each)

☑️ $331,000 IRA Annuity bought 10 years ago

☑️ $650,000 in Roth 401k’s

☑️ $300,000 in Non-qualified Stocks

⭐️ STEP 1: Create Flexible Tax-free Income Base (w/ possible legacy opportunity) ⭐️

☑️ First they will consolidate Roth 401k’s into Roth IRA’s

☑️ They will use this as their first source of tax-free income

☑️ They will invest this aggressively hoping to outpace their withdrawals

☑️ We will take a 6% annual withdrawal which = $3,250 per month (tax-free)

🔥 if the market does well this balance will last for life AND create a potential tax-free legacy for children & grandchildren

🔥If this income runs out they still have multiple sources of guaranteed, lifetime income (for retirement)

⭐️ STEP 2: Optimize Taxable Income Withdrawals ⭐️

☑️ $720/month from Social Security will be collected tax-free

☑️ Their IRA income annuity will pay $3,950/month which is ALL taxable…

However, their standard deduction allows them to collect $2,433/month tax-free, meaning they will collect a total of $144,000 per year with only $67,160 being taxable income

(Note: The Roth IRA income really helps them push their other sources of taxable income down into lower tax brackets)

⭐️ STEP 3: Leverage Long-term Capital gains (if necessary) ⭐️

☑️ Stock account can be used for supplemental income (as needed)

☑️ BUT, this current plan has them paying only 5.4% per year in annual federal taxes

☑️ This means they should preserve their stocks for wealth transfer

☑️ OR as a way to deal with potential tax changes in retirement

Final Results:

🔥 They have a comfortable income of $12,000/month in retirement

🔥 They are only paying approximately 5.4% in annual federal taxes (their tax bill shows $67,160 of income while they’re actually collecting $144,000)!

🔥 They have prioritized guaranteed income with pre-tax dollars (which are much less favorable for their loved ones)

🔥 They also have a ton of market exposure for long-term growth potential with a TAX-FREE vehicle (their Roth IRA money)

Let’s chat 💬😎