Скачать или смотреть 63-year-old Couple with $900k: Can they retire now with $90k/year?!

63-year-old Couple with $900k: Can they retire now with $90k/year⁉️

💾 be sure to save for later 💾

⭐️ Here are the details ⭐️

☑️ Jesse & Becky are 63
☑️ Their #retirementincome goal is $90,000/year
☑️ Jesse was the breadwinner & Becky stayed home with the kids
☑️ Jesse's social security will be $3822/month (the max)
☑️ Becky has no #socialsecurity so she will draw the #spousalbenefit
☑️ They have $900k in #retirement accounts (401k's, IRA's, etc)
☑️ They have $2M of permanent life insurance paid off to leave #taxfree wealth to their kids

⭐️Free $1,922/mo of Retirement Income⭐️

Most people aren't aware of the spousal benefit for social security...

Or, how it actually works 😅

But it's a great resource to use as part of #incomeplan in retirement 😎

It's free retirement income that most people don't maximize 😕

So, if Jesse waits until his full retirement age to file for social security 🫢

AND, Becky waits until her full retirement age to file for the spousal benefit 🫣

She will get 50% of Jesse's benefit (without affecting his)‼️
This means almost $2000/month of #guaranteedincome in additional to all of their other assets 👏👏👏

⭐️ $400,000 for 4 years + Defer Annuity & Social Security Income ⭐️

☑️ Since their legacy goals are covered they can spend all of their retirement money
☑️ They will withdrawal $7,500/month from their investments for the first 4 years of retirement (allowing social security & annuity income to grow)
☑️ At 67 they will turn on the #incomeannuity and social security
☑️ Their investment account should still have about $100k available

⭐️ Final Results ⭐️

☑️ $10,300/month of guaranteed income + $100k to spend how they choose + 2M left to their children 100% tax-free 🤯🤯🤯

This leaves them about $26,000 of income beyond what they need....(hello vacation budget 🏖️ 🍹 🏐)

It also leaves them no possibility of running out of money 🤝

PLUS, If the market does well in the early years of retirement & they can defer social security & the annuity income...

They will have another $26,000 per year of guaranteed income for life 🤯🤯🤯

Let's chat 💬😎