Staying abreast of the latest trends and strategies is crucial for traders to stay ahead and make well-informed decisions. Beginners in trading and investing must recognize that success in these fields demands technical analysis, emotional maturity, and self-discipline. Thanks to Monica Lisa Payne insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
It is really refreshing to see a comment about Monica Lisa Payne.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
niceTo see this here, Monica Lisa Payne's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
I don’t think this gentlemen needs a FIA to flesh out the balance of the $200k+ in income he wants in 4 yrs (age 70). Keep it simple and propose to get the $850k money market into a fixed rate deferred annuity (or spread among several such deferred annuities). Definitely does not need to be making any income rider selections at this juncture. 4-yr MYGA rates in CT are doing 5.0-5.5% recently. His $850k grows to north of $1M by age 70. If he wants to lock in level (or inflation growing) payments at that point, a SPIA single life w/ cash refund could get a 70yo male in CT the annual $45k for a premium of $500k to $550k, leaving about half of the $1M available for safe/guaranteed growth in a MYGA ladder to fund future purchases of SPIA to plus up the $200k for inflation (like the rental properties and SSA income would likely do as well).
The guarantees for the MYGA-SPIA angle will be better than the FIA angle because the commissions on those products are generally lower than that for the FIA. I realize that’s counter to your business, @Steve Parisi, but if your client wants guaranteed income with no stress, the more cost effective guarantees are in his best interest relative to the higher commission FIA. You also mentioned that he has other assets (those other properties he may be selling, etc.) so presumably he’d be using those to fund discretionary retirement income above his $200k base/essentials (with inflation growth) as he wishes.
Another contingency to consider for your client: instead of annuitizating half of the guaranteed MYGA balance at age 70, just keep it all in a MYGA ladder, but make that evaluation 4 yrs from now and see what rates carriers are offering for MYGAs. Pull off the $45k, and 1035 exchange the balance of the $1M into a 3yr MYGA that allows surrender-charge free withdrawal of interest. If the rates were to be anything close to where they are today, that interest alone would more than cover the $45k (w/ inflation adjustments) annual withdrawal to flesh out the $200k essential/base. Although there is interest rate risk, this option keeps the principal largely powder dry for beneficiaries and does not preclude a potential annuitization down the line (SPIA).
@@IBCGlobalInc rgr that, @IBCGlobalInc, the guaranteed approach still plays with those client parameters: $500k in a 5.2% 4y MYGA and $350k retained in MM fund/account (assumptions 5% yield 1st year, 3.5% yield 2nd-4th years; 10bp expense ratio, no commission) still yields north of $1M at age 70, guaranteed, at which point MYGA and/or SPIA combinations can be analyzed - a FIA doesn’t give those same guarantees
But the math doesn't take into account the opportunity cost of the $50000 unused in cash value. However, I see the interest deduction could be a good thing if he has a high marginal tax rate. say he takes out 100K at 5% and generates 4% in cash value, plus 6% in real estate. so it is 6+4-5 =5%. But he can deduct the 5% so assuming he is not spending the 6%, he can deduct some tax in his income. Do I understand it correctly?
Staying abreast of the latest trends and strategies is crucial for traders to stay ahead and make well-informed decisions. Beginners in trading and investing must recognize that success in these fields demands technical analysis, emotional maturity, and self-discipline. Thanks to Monica Lisa Payne insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
erNameIs Monica Lisa Payne, cant divulge much. Most likely, the internet should have her basic info, you can research if you like
I just looked up this person out of curiosity, surprisingly she seems really proficient, I thought this was just some overrated BS, I appreciate this.
It is really refreshing to see a comment about Monica Lisa Payne.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
niceTo see this here, Monica Lisa Payne's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Steve is 4% on $100,000 earned set at the time of contract? Or does it get set by insurance company once a year ?
I don’t think this gentlemen needs a FIA to flesh out the balance of the $200k+ in income he wants in 4 yrs (age 70). Keep it simple and propose to get the $850k money market into a fixed rate deferred annuity (or spread among several such deferred annuities). Definitely does not need to be making any income rider selections at this juncture. 4-yr MYGA rates in CT are doing 5.0-5.5% recently. His $850k grows to north of $1M by age 70. If he wants to lock in level (or inflation growing) payments at that point, a SPIA single life w/ cash refund could get a 70yo male in CT the annual $45k for a premium of $500k to $550k, leaving about half of the $1M available for safe/guaranteed growth in a MYGA ladder to fund future purchases of SPIA to plus up the $200k for inflation (like the rental properties and SSA income would likely do as well).
The guarantees for the MYGA-SPIA angle will be better than the FIA angle because the commissions on those products are generally lower than that for the FIA. I realize that’s counter to your business, @Steve Parisi, but if your client wants guaranteed income with no stress, the more cost effective guarantees are in his best interest relative to the higher commission FIA. You also mentioned that he has other assets (those other properties he may be selling, etc.) so presumably he’d be using those to fund discretionary retirement income above his $200k base/essentials (with inflation growth) as he wishes.
Another contingency to consider for your client: instead of annuitizating half of the guaranteed MYGA balance at age 70, just keep it all in a MYGA ladder, but make that evaluation 4 yrs from now and see what rates carriers are offering for MYGAs. Pull off the $45k, and 1035 exchange the balance of the $1M into a 3yr MYGA that allows surrender-charge free withdrawal of interest. If the rates were to be anything close to where they are today, that interest alone would more than cover the $45k (w/ inflation adjustments) annual withdrawal to flesh out the $200k essential/base. Although there is interest rate risk, this option keeps the principal largely powder dry for beneficiaries and does not preclude a potential annuitization down the line (SPIA).
Thanks for the comment and additional details! Really appreciate it :)
He did not want to move the full 850k out of his money market.
@@IBCGlobalInc rgr that, @IBCGlobalInc, the guaranteed approach still plays with those client parameters: $500k in a 5.2% 4y MYGA and $350k retained in MM fund/account (assumptions 5% yield 1st year, 3.5% yield 2nd-4th years; 10bp expense ratio, no commission) still yields north of $1M at age 70, guaranteed, at which point MYGA and/or SPIA combinations can be analyzed - a FIA doesn’t give those same guarantees
Steve why did he have policies on his daughters and not himself?
But the math doesn't take into account the opportunity cost of the $50000 unused in cash value. However, I see the interest deduction could be a good thing if he has a high marginal tax rate. say he takes out 100K at 5% and generates 4% in cash value, plus 6% in real estate. so it is 6+4-5 =5%. But he can deduct the 5% so assuming he is not spending the 6%, he can deduct some tax in his income. Do I understand it correctly?
I assume this wouldn't be helpful for someone retiring in the next 5 years or so correct?
Great question. This would apply to someone retiring soon. This case study used someone who plans on fully retiring in ~ 5 years.