Need help with Planning Your Finances?
Need help with Planning Your Finances?
Generating Multiple Income Streams
Our framework enables you to establish multiple tax-free stable income streams for retirement, which is especially important when the macroeconomic view of Social Security and Medicare programs are not favorable. These income streams could potentially include:
- 1Distributions from your Traditional IRA
- 2Distribution from your Roth IRA
- 3Income from an IUL investment made with Taxable assets
- 4Lifetime income from an Annuity investment made with Roth IRA funds
- 5Social Security benefits
Establish multiple tax-free stable income streams from Pre-Tax assets, IUL, Annuity, Social Security, etc. so that they cover 1-2x your basic living expenses during retirement.
Establish multiple tax-free stable income streams from Pre-Tax assets, IUL, Annuity, Social Security, etc. so that they cover 1-2x your basic living expenses during retirement.
Retirement Spending: Rerun your Living Expenses Calculator to emulate retirement spending and multiply the total by 1.5x to adjust for inflation at 2% for 20 years.
Retirement Spending: Rerun your Living Expenses Calculator to emulate retirement spending and multiply the total by 1.5x to adjust for inflation at 2% for 20 years.
Social Security benefits can start being received as early as age 62. However, delaying this will eventually prove more beneficial if one expects to live past their late 70s.
Social Security benefits can start being received as early as age 62. However, delaying this will eventually prove more beneficial if one expects to live past their late 70s.
For mid-career professionals (age 35-45), the maximum Social Security benefits at the standard retirement age will be about $50K after adjusting for inflation.
Our Tax-Free Retirement Calculator reports income streams from Pre-Tax, Post-Tax and Taxable, but does not include income from Social Security benefits, IUL or Annuity.
Current life expectancy for a male is 76 and female is 81. Couples live even longer. Life expectancy improves by a year every decade.
Blog: Longevity Risk
Current life expectancy for a male is 84 and female is 87. Couples live even longer. Life expectancy improves by a year every decade.
Blog: Longevity Risk
Create your own pension plan using an Annuity. A good Annuity can provide a risk-free, tax-free (if bought within a Roth IRA), inflation-protected lifetime income during retirement.
Blog: How An Annuity Works
Create your own pension plan using an Annuity. A good Annuity can provide a risk-free, tax-free (if bought within a Roth IRA), inflation-protected lifetime income during retirement.
Blog: How An Annuity Works
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What percentage of your retirement income (from the calculator) is 2x your retirement Living Expense needs?
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What percentage of your retirement income (from the calculator) is 2x your retirement Living Expense needs?
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