The New Retirement Strategy Thats Revolutionizing Future Income

There's an opportunity right now with inflation and interest rates that not a lot of people are talking about. If you know how to put it together for the right person, it could have a massive impact on what they're doing. It's really one of those things where it's essential to take advantage soon because we have no idea where interest rates are heading. I'm going to be able to help people lock in a crazy high interest rate without taking any risk.

Understanding the Strategy

For a fixed retirement saver, the goal is to maximize cash flow while maintaining safety. Here's a strategy that can help achieve such goals:

• They don't want risk.
• They want the highest cash flow they can get.
• They want it for as long a period of time as they can.
• They want to give that money to their kids economically in a simple way.

A CD can do that for a short term, like 12 months. But what if we combined two products to enhance this structure without basing it on performance? It's crucial to consider longer-term solutions.

The Approach

Let me share a scenario to illustrate the application of this strategy.

1. A couple, aged 70 and 69, wanted a way to transition their rental property income safely without managing risks. Their property yielded around 4% net income, and they were keen to find a similarly structured, safe financial product.
2. The solution was to split their $400,000 property sale into two vehicles:
• Joint Lifetime Income Annuity: With $300,000, they purchased an annuity deferred until age 73, guaranteeing $32,000 a year for life.
• Guaranteed Joint Survivorship Life Contract: The remaining $100,000 was divided into 10 payments to guarantee a tax-free death benefit of $400,000 to their heirs.
3. This provided them with reliable income and ensured their legacy for their children, enhancing their financial situation with an 8% annual distribution.

Conclusion

This creative approach combines safety with higher cash flow, making it an ideal choice for certain retirement savers. The key is ensuring the strategy aligns with your specific needs and goals.

Note: This is not financial advice. Please consult with a professional advisor to assess personal suitability and relevance.