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 […]
401(k) vs life insurance
4 posts
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?”
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 […]
This past weekend we had our first cold front of the season pass through here in South Florida. Cold is a relative term since yesterday’s temperature got up to 84 degrees. But the humidity was replaced by nice dry air that made the 84 degrees feel absolutely perfect. My wife […]