59-year-old Wants More Guaranteed Retirement Income in 8 Years (the actual cost today)

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

If you’re 5–10 years out from retirement that is a good time to be asking yourself one important question….

How much of my retirement assets do I want to designate as income-producing and how much do I want to leave in a more flexible environment?

This is important because you can leverage the benefits of both the market AND the income-paying ability of insurance companies, simultaneously.

Not only giving you the MAXIMUM amount of guaranteed income.

But giving you the greatest potential for market growth AND retirement flexibility…. for things like wine tours, beach vacations️, and spoiling the grandkids.

You get the picture.

So first, you need to know how much income you need to cover all of your expenses in retirement… (or your income floor).

AND how much fixed income you need to consistently live the lifestyle you want in retirement… (or your desired retirement income).

Once you have the income number figured out, the rest of your money should be “fun money”, right⁉️

I think so.

That’s why I think it makes sense to work backwards from your income targets.

This is what I help clients with all the time…

So let’s look at how much income you can secure at some point in the future (and have in guaranteed).

Here’s what it would cost to provide an additional $3000, $6000, and $10,000 per month of income, guaranteed for life, for a 59-year-old (in 8 years):

✅ $3000/month costs $240,000 today

✅ $6,000/month costs $480,000 today

✅ $10,000/month costs $800,000 today

Once you figure out how much INCOME you’re going to need in retirement you work backwards…

You figure out how much of your retirement nest-egg needs to be allocated to income (and the rest can be allocated to everything fun you have always wanted to do).

Note: You can also perform internal Roth Conversions within a lot of these deferred income vehicles, which can help position some of your assets for a tax-free retirement.

Let’s chat 💬😎