Vanguard's Principles for Retirement Income
Vanguard's 4 Principles:
Start with purpose - Define your dream retirement
Cover the essentials - Use guaranteed income sources to meet baseline expenses
Make your wealth last - Income trumps assets in retirement
Simplify - Consolidate and automate to maximize enjoyment in retirement
Principles for Retirement Income is a detailed summary of Vanguard's research on how retirees can live their dream retirement and turn their savings into retirement income. You can read Vanguard's full report HERE
Spotlight Client Solution*
Help Frugal Clients Minimize RMDs
We've all heard it... Do I have to take my RMDs? The perfect solution for clients happily living within their means is Integrity/Western and Southern's IncomeSource Select Qualified Longevity Annuity Contract (QLAC).
$210,000 can be exempt from RMD calculations
Income can be delayed up to a client's 85th birthday
Additional premiums are allowed in the event of a future contribution limit increase
Notable Client Solutions*
10.25% S&P Guaranteed Cap
Revol One has removed the two biggest problems with accumulation FIAs:
Rate Renewals: The annual cap is contractually guaranteed to stay at 10.25% for all 7 years.
Indexes that Don't Perform: The index is the actual S&P 500. Not some hyped up index.
11% Cash Flow at Age 65
North American's guaranteed income is off the charts! A 60 year old is guaranteed $11,314/yr of income starting at age 65.
This guarantee generates more income with less money and leads to better long-term portfolio outcomes when paired with increased equity exposure.
*Rates may be subject to premium banding. Products may not be available in all states. Replacement must be suitable and meet all requirements.
At Foundational Income, we strive to bring relevant topics and solutions to your fingertips in a straightforward way. We don’t see the need to keep products nor carriers a mystery. If you’d like to discuss any of this in more detail, give us a call!