62-year-old Couple Retires Almost 4 Years Earlier with an Alternate Income Strategy

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

💾 be sure to save for later 💾

⭐️ Here are the details ⭐️

☑️ Kramer & Elaine are 62

☑️ They want to retire in 5 years with $10,000 per month

☑️ Kramer has $650k in total 401k’s (which Kramer is maxing)

☑️ Elaine has $300k in total IRA’s

☑️ They have $300k in non-qualified investments

☑️ They will get $4,000/month from Social Security at age 67

☑️ They will take $2,800/month from SS if they take it now

⭐️ Analysis of Retiring in 5 Years ⭐️

☑️ Their current retirement assets are worth $1.25M right now

☑️ 401k contributions + 6% annual return = $1.8M in 5 years

☑️ Taking a 4% annual withdraw generates approximately $6,000 per month (which is the most common retirement income strategy that most retirees follow)

+ Their total Social Security Income provides another $4,000 per month

Bringing their total in 5 years to just over $10,000 per month

⭐️ Using An Income Maximization Strategy — Can They Retire Now?! ⭐️

☑️ We will use an annuity to maximize their guaranteed, lifetime income

☑️ $750,000 will create an immediate income of $4,430 per month

☑️ Their remaining $500,000 can safely generate another $1,667 per month (following The 4% rule)

+ Collecting Social Security Early provides another $2,800 per month

Bringing their immediate total to $8,897 per month

So they’re about $1,000 per month short of their goal (or 89% funded using the income annuity).

🚨 But what if they wait just 1 more year⁉️

☑️ Annuity income increases to a guaranteed $4,848 per month

☑️ Social Security Income increases to $3,000 per month

☑️ Plus 1 more year of 401k contributions = $560k ($1,868/month at 4%)

Bringing their total income to $9,716 per month in 1 year.

🌟So what does this actually mean⁉️🌟

They can retire almost 4 years earlier by simply utilizing an insurance company for maximum income.

🔥 Plus they’ve increased the safety of their portfolio

🔥 They’ve ensured they can never outlive their money

🔥 And they are able to take much higher income withdrawals from their retirement assets than 4%

So, by just looking at retirement income planning from a different angle….

…. you might be able to retire several years earlier than expected.

Let’s chat 💬😎