A common rule of thumb for a retirement nest egg is to aim f
Savings Target (Multiple of Income)
- By retirement age (65–67), many financial planners suggest having about 8–12 times your annual income saved.
- Example: If you make $80,000/year before retiring, you’d want around $800,000–$1,000,000 saved.
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- A widely used guideline says you can withdraw about 4% of your nest egg per year (adjusted for inflation) and expect it to last about 30 years.
- Example: With $1,000,000 saved, you could withdraw about $40,000/year, plus Social Security or pensions.
Americans with $1 million or more in their retirement account
Americans with $1 million or more in their retirement account
- Only about 2.5% of Americans have $1 million or more saved in retirement accounts .
Another BIG reason...You never lose money!
Rule No.1 is never lose money. Rule No.2 is never forget Rule No.1
Forbes Financial Council endorses Redirecting Capital Into Indexed Universal Life Policies
Retirement Factors or Core Challenges facing all who want to
1) Market Volatility
To put it simply, this is the fact that you can lose your hard-earned savings. With two 40% market drops in the past 12 years, none of us can afford another.
2) Taxes
Finding tax efficiency is a CRUCIAL aspect to reaching a critical mass of investment capital that can give you real Financial Freedom for Life. Without understanding the impact of taxes, true financial freedom is a pipe dream. You can only spend your after-tax income
3) Excessive Fees
3) Excessive Fees
While we can all expect to pay a reasonable fee to invest, many are unaware that the “fees” they are often quoted are not the fees they actually pay.
Protect your family with the way true life solutions
Why IUL
- IULs protect capital. They offer protection against market downturns with a guaranteed minimum return, typically 0%, ensuring the cash value won't decrease due to negative market performance.
- IULs have tax advantages. They offer tax-deferred growth and potential tax-free withdrawals through policy loans. This can be attractive to high-net-worth individuals who may have maximized other tax-deferred savings options.
- IULs offer wealth transfer. As life insurance policies, they offer a tax-free death benefit, which can be an efficient way to pass on wealth to beneficiaries.
Compounding and Taxes at Retirement
Understanding the impact of taxes
Without understanding the impact of taxes, true financial freedom is a pipe dream. You can only spend your after-tax income. Unfortunately, most people in designing their needs for the future are failing to effectively anticipate what taxes will likely be. With $37 trillion in debt and what some now estimate as nearly $100 trillion in unfunded liabilities (Medicare, Social Security, etc.) do you think taxes will be higher or lower in the future?
