Hire Us
Client Portal

Greg & Susan: want to retire now

Age: 62 & 60
Annual Income: $145,000
Net Worth $2,875,000
Considering retiring now

Background
The clients came to us because they had concerns about their retirement income projections. Greg was considering retiring in 2016. Their current advisor recommended retiring now on an income of $96,000, annually, by putting 100% of Greg’s $640,000 401k into bonds. Greg & Susan felt they needed more income to maintain their desired lifestyle in retirement.
CONCERNS
If Greg retired in a year, his annuity would immediately provide a 4% guaranteed lifetime income of $1,597 per month and a lump sum guaranteed initial premium Death Benefit to Susan. We advised them that if Greg were to retire now they should withdraw from their other assets first and let the annuity grow. They liked our plan and we implemented it. We actively managed his annuity and it increased in value by 12.2% on his one year anniversary date., stepping the account value to $431,000

The implementation of the recommended strategies increased Greg & Susan’s annual retirement income from $96,000 with the previous advisor to $165,000 (72%).

This equates to an additional $2,700,000 over 30-year retirement with less risk and greater upside potential.
THORNWOOD SERVICES
Postpone retirement one year using $780,000 from Susan’s IRA account.

Rollover Greg’s lump sum pension of $385,000 into an annuity guaranteed lifetime income.

Invest remaining $1,400,000 into the stock market using his and hers IRAs in the Tactically Managed Equities solution.

Continue to hold owned annuity contract with guaranteed income and utilize other retirement assets for income first, to help grow income and death benefit guarantee values in that contract.

Implement the recommended investment strategy focused on greater upside potential with minimal risk to the portfolio assets.

Implementation of the recommended investment strategy reflected a projected increase in annual retirement income to $165,000 annually.
Previous
Next

The case study and numbers used is a hypothetical illustration and does not reflect actual clients. It is for informational purposes only, does not constitute as investment advice, and is not legal or tax advice. Individual results will vary. Please consult the appropriate professional regarding your individual circumstance. Performance or projections are not guaranteed.

WISCONSIN
6226 BANKERS ROAD STE 1
MOUNT PLEASANT, WI 53403
(262) 638-0224

FLORIDA
THE VILLAGES
(352) 224-3082

ILLINOIS
12545 FARM HILL DRIVE
HUNTLEY, IL 60142
(847) 999-0700

OHIO
TOLEDO
(419) 799-7900

[email protected]

Facebook Linkedin

Check the background of these investment professionals on FINRA’s BrokerCheck. 

IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax concepts, therefore you should consult your legal or tax professional regarding the specifics of your particular situation.

Investments in securities are not suitable for all investors. Investments in any security may involve a high degree of risk and should only be considered by investors who can withstand the loss of their investment. Prospective investors should  perform their own due diligence carefully  and review the “Risk Factors” section of any prospectus, private placement memorandum or offering circular before considering any investment. Securities offered through Concorde Investment Services, LLC (CIS), member FINRA / SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SEC registered investment adviser. Insurance products offered through Concorde Insurance Agency, Inc. (CIA). Thornwood Financial is independent of CIS, CAM and CIA. To access Concorde’s Form Customer Relationship Summary (CRS), please click here. 

This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every advisor listed. For additional information, please contact Laura Jocius at [email protected].

This is for informational purposes only, does not constitute as investment advice, and is not legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.

Verified by MonsterInsights