How to Guarantee a 116% Increase in Retirement Income Value (in only 10 years)

(don’t forget to checkout the video too)

I often talk about the importance of designating some of your money as guaranteed income in retirement.

The reason this is so important is that it allows you to leverage both the growth potential of the stock market AND the income paying ability of an insurance company.

Not only does this optimal retirement strategy allow you to maximize your income, it also ensure that you will never outlive your money in retirement!

It also gives you more flexibility to spend your money in retirement…

This sometimes gets overlooked.

But, here’s an example of exactly how the math works on this type of retirement income strategy:

⭐️ The Details ⭐️

✅ 55-year-old

✅ Designating $400,000 to retirement income

✅ Won’t take income until age 65 (in 10 years)

⭐️ The Growth Potential (in market vs. insurance vehicle) ⭐️

✅ $400,000 growing at 8% per year for 10 years = $863,570 in market

✅ $400,000 designated as income = $865,546 with insurance company (a 116% guaranteed increase in income value in 10 years!)

⭐️ The Income Potential (in market vs. insurance vehicle) ⭐️

✅ $863,570 in market @ 4% withdrawal = $34,542 per year (not guaranteed)

✅ $865,546 guaranteed payout rate at 6.60% = $57,126 per year (guaranteed for life)

The thing is that you can be more aggressive in the market and try to outperform an insurance company, or you can take a higher withdrawal than recommended, but you’re risking having to delay your retirement AND running out of money in retirement….

When you don’t need to….

Let the market do its thing. And let insurance companies do their thing. 👏

Let’s chat 💬😎