Page 151 - Ready Set Retire

Ready. Set. Retire!

But what if you could plan for life expectancy? What if you
could plan for life expectancy and a healthy rate of return?
What if you could do that with exact precision, knowing exactly
when you will die and how much money your investments will
earn over time, without risk of loss? How much would that be
worth to you?

If you are 65 and have $500,000 and could know those things,
you could get around $27,500 for the rest of your life;
guaranteed, no matter how long you live. And if there was
money left over when you died it would all go to your
designated beneficiaries.

How? It’s called insurance, or with income, annuities. It’s the very
same method used by all pension plans, state lotteries, Social
Security, and every other planning mechanism that must pay
out money over a long period. And they get it right 100% time.

Wall Street hates this part

But it gets even better. If you know in advance you are
planning to retire at, say, age 70, and you are 60 years old and
have that $500,000 we previously spoke about, you can
dramatically increase your retirement payout by planning
ahead.

Just like variable annuities, hybrid annuities have an income
rider that allows the insurance company to not only calculate

141