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Abstract

(he’s not sure when to take it though)✅ His social security will be $4000/month @ age 70✅ He has no kids & wants to spend all of his money on sports cars✅ He wants to grow the rest of his money with no risk✅ He thinks he wants to retire @ 65 (but wants to <a href="https://readmedium.com/4-ways-to-access-money-penalty-free-for-an-early-retirement-5d2172105f18">explore early retirement</a> as well)<h2 id="578a">⭐️ When to take his income⁉️⭐️</h2>✅ Age 55 =$ 56,448/year of guaranteed, lifetime income✅ Age 60 = $89,216/year of guaranteed, lifetime income✅ Age 65 =$ 121,630/year of guaranteed, lifetime income✅ Age 70 = $147,000/year of guaranteed, lifetime incomeJason Ultimately decides on 65 as his ideal retirement age, here are the results:⭐️ At 65 Jason will have$ 10,136/month of tax-free income⭐️ He will also have $1.14M remaining in his Roth at 65 (5.65% current fixed rates)</

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i>⭐️ At 70 his income increases to $14,136/month tax-free (with <a href="https://readmedium.com/delaying-social-security-allows-more-taxable-money-to-be-tax-free-d619c2a5f53f">social security</a>)So he can easily buy a few Ferarri’s, Lamborghini’s, or McClarens….But, remember, he will never pay a single dollar in taxes in retirement.That’s truly a <a href="https://readmedium.com/diversify-your-tax-buckets-in-retirement-dont-have-all-tax-free-money-a075d784c869">tax-free retirement</a>.Let’s chat 💬😎Connect With Me & Access All My Resources <a href="https://pages.safewealthplanning.com/profile">Here</a>Enjoy this blog? You’ll probably enjoy this one as well: <a href="https://readmedium.com/you-your-spouse-or-both-will-likely-live-longer-than-you-think-in-retirement-9a4b62f884ad">You, Your Spouse, or Both, Will Likely Live Longer Than You Think in Retirement</a>To your success,Matt</article></body>

50-year-old Wants to Know How Much Tax-free Income $700k Can Provide?!

(be sure to checkout the video of this case study too)

⭐️ Here are the details ⭐️

✅ Jason is 50 with $1.2M in a Roth IRA

✅ He wants to create guaranteed income with $700k (he’s not sure when to take it though)

✅ His social security will be $4000/month @ age 70

✅ He has no kids & wants to spend all of his money on sports cars

✅ He wants to grow the rest of his money with no risk

✅ He thinks he wants to retire @ 65 (but wants to explore early retirement as well)

⭐️ When to take his income⁉️⭐️

✅ Age 55 = $56,448/year of guaranteed, lifetime income

✅ Age 60 = $89,216/year of guaranteed, lifetime income

✅ Age 65 = $121,630/year of guaranteed, lifetime income

✅ Age 70 = $147,000/year of guaranteed, lifetime income

Jason Ultimately decides on 65 as his ideal retirement age, here are the results:

⭐️ At 65 Jason will have $10,136/month of tax-free income

⭐️ He will also have $1.14M remaining in his Roth at 65 (5.65% current fixed rates)

⭐️ At 70 his income increases to $14,136/month tax-free (with social security)

So he can easily buy a few Ferarri’s, Lamborghini’s, or McClarens….

But, remember, he will never pay a single dollar in taxes in retirement.

That’s truly a tax-free retirement.

Let’s chat 💬😎

Connect With Me & Access All My Resources Here

Enjoy this blog? You’ll probably enjoy this one as well: You, Your Spouse, or Both, Will Likely Live Longer Than You Think in Retirement

To your success,

Matt