The goal of this post is to show you a few simple Rules of Thumb that can be used to calculate the amount of savings necessary to generate a target income in retirement. I want to show you how the 4%-Rule and the 8% -Rule can be used to back into a savings requirement.
4% Rule
8 posts
This article explains IULs by comparing IUL to whole life to show how much they are alike and the key differences. We also debunk IUL myths.
How often do you hear the recommendation to “Buy Term and Invest the Difference” when the subject of permanent life insurance comes up? Do you accept that statement at face value? Or are you like me and you need to see some proof? The Premise The premise behind “Buy Term […]
I just saw this article from Bloomberg today… https://www.bloomberg.com/news/articles/2017-08-21/how-far-does-1-million-savings-go-in-retirement-state-by-state It doesn’t have to be that way. The common “Rule of Thumb” used to be the “4%-Rule”. You can take out about 4% of your savings each year and expect your savings to keep up with inflation and ride the ups […]
Most people don’t realize how powerful life insurance is for creating tax-free retirement income. Did you know that dollar for dollar, a Life Insurance Retirement Plan (LIRP) will provide about 2 to 3 times the income than a traditional retirement plan? EVERYBODY asks me: “How do you get income from Whole Life or Indexed Universal Life?”
Are These Common Life Insurance Myths Keeping You From Maximizing Retirement Income? Introduction A big part of my business is helping sophisticated real estate investors learn how they can put their money to work in two places at one time by leveraging the cash value of a maximum over-funded life […]
How much income will your portfolio generate? People save for retirement all their lives. They do it through 401(k)s, IRAs, SEP, SIMPLE, pensions, annuities, real estate, and life insurance. But at retirement, it’s time to stop putting in and start taking out. The questions I want to ask are: how much […]
I just celebrated my 50th birthday last week. When you are young and investing you think to yourself that you have time to ride out all the ups and downs of the market. I stayed in the market back in 1987 when the big October crash took away all of […]