Couple With A $5,600/month Pension Want an Additional $1,300/month of Retirement Income in 4 Years

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

⭐️ Here are the details ⭐️

✅ Matt is 62 & Sarah is 58

✅ Sarah has a pension that will provide $5,600 of monthly retirement income in 4 years

✅ Sarah is a teacher in California and doesn’t qualify for social security at all

✅ Matt has social security of $2,600/month starting at age 66

✅ Matt also has $250,000 in a traditional IRA

✅ Sarah has $80,000 in a 403b retirement plan

✅ They expect to sell their business for $700,000 but want to keep that liquid in retirement

⭐️ $9,500/month Retirement Income Goal ⭐️

✅ Sarah’s pension & Matt’s Social Security total $8,200/month of guaranteed income

✅ Their number 1 objective is to lock in $9,500/month of income in retirement

✅ To provide an additional $1,300/month in retirement we need to allocate $198,000 to an indexed, income annuity now

⭐️ $198,000 IRA Rollover ⭐️

✅ We will roll $198,000 from Matt’s IRA into a new IRA account with an insurance company

✅ They will guarantee him a 10% immediate credit, 8.25% per year until he takes income, and when he turns income on, he will receive a guaranteed payout of 5.59% of the income account (40% more than he can generate from the market)

⭐️ Results at retirement ⭐️

Matt & Sarah have a guaranteed, $9,549/month guaranteed income + $700k from the business sale & approximately $132k remaining in retirement accounts for flexible spending money in retirement

⭐️ Important to Note ⭐️

✅ The annuity has a death benefit if both of them were to pass away early (so they would never take out less than they put in)

✅ They can spend every last dollar of their business sales proceeds AND their remaining retirement money without a single worry of running out of money

✅ They can designate a portion of the assets they likely won’t spend to protect against a possible long term care event

Let’s chat 💬😎