Скачать или смотреть 63-year-old Couple Wants $10k/month in Retirement (with a $2.7M Tax-free Roth Conversion Strategy)

63-year-old Couple Wants $10k/month in Retirement (with a $2.7M Tax-free Roth Conversion Strategy)‼️

💾 be sure to save for later 💾

⭐️ Here are the details ⭐️

☑️ Ross & Rachel are 63
☑️ They want $10,000/month of #retirementincome in 4 years
☑️ They have $600k in IRA's
☑️ They have $800k in 401k's
☑️ They have $300k in cash & CD's
☑️ They want to explore a #rothconversion in retirement
☑️ They will get $5,500/month from #socialsecurity in 4 years

⭐️ Objective 1: Retirement Income ⭐️

☑️ They need an additional $4,500/month of #guaranteedincome in 4 years
☑️ They want to use an #incomeannuity so they can keep other money in the market
☑️ $535k growing in the deferred annuity will guarantee an income of $4,500/mo for life
☑️ This leaves them $1.1M in taxable retirement accounts & $350k in cash at retirement

⭐️ Objective 2: Determine Roth Conversion Capacity (based on tax brackets) ⭐️

☑️ They want to stay in the 22% tax bracket
☑️ Their current taxable retirement income is about $95k/year
☑️ This leaves them about $105k/year that they can do a Roth Conversion on
☑️ They will do this conversion for the first 5 years of retirement & then immediately stop

⭐️ Objective 3: Pay for Roth Conversion ⭐️
☑️ They will move the full $105k/year from the IRA to a Roth
☑️ This will cost them about $24k per in additional taxes
☑️ But all of this money will grow #taxfree inside of the Roth IRA

⭐️ Final Results ⭐️
☑️ They will have about $668k in the Roth after the 5 year conversion
☑️ This will be worth $2.7M at age 90 (that they can leave tax-free to loved ones)
☑️ Their remaining assets are worth about $1.05M at age 72
☑️ Which they can then use to generate an additional $8,000/month until age 90

⭐️ Overall Summary ⭐️

🔥 $10,000/month of guaranteed income + $2.7M tax-free to loved ones + Extra $8,000/month until age 90 🔥

Let's chat 💬😎