Cardinal Advisors has the greatest financial content on KZbin, delivered kindly. Thank you!
@Meadowlark57 Жыл бұрын
Another informative lesson; thank you.
@Elephantine99911 ай бұрын
Switching from socking it away to distributing it is a whole new financial planning adventure! 😳
@FootballPro-wo4vz8 ай бұрын
Great explanation for a family that isn’t interested in any market risk. First glance you’d think Jake’s social security would be much higher delaying until 70 and adding cola increases. The $300k play check bucket could be invested in a low cost total market fund. Even at 7% it would double every decade
@chessdad182 Жыл бұрын
Enjoyed the video. Always good to know what options are available. The middle one with LTC option does seem interesting. You can't use IRA money to pay for it I assume.
@CardinalAdvisors Жыл бұрын
All 3 of the buckets are IRA money. The guaranteed lifetime payments count as RMDs. Thanks for watching.
@g.ajemian496815 күн бұрын
Does that doubler only become available if there is still money left in the account meaning the account is not totally depleted?
@CardinalAdvisors15 күн бұрын
@@g.ajemian4968 The doubler pays while there is money left in the annuity. When the balance is zero, the annuity payments go back to the original amount and continue until both insureds are deceased.
@steveyarnall Жыл бұрын
To get these $s from 401k & ira to these annuity buckets - isn't that a taxable event or is it a roll over staying inside a tax sheltered account? And if sheltered how does rmd impact?
@CardinalAdvisors Жыл бұрын
Tax free transfer or rollover (custodian to custodian). The guaranteed lifetime payments count as RMDs. Thanks for watching
@GabrielSBarbaraS Жыл бұрын
Annuities are not free, Your first bucket seems to put out about 4 percent 😐. We did something similar in that we had 5 buckets , two annuities buckets , high risk bucket , real estate bucket , and moderate growth bucket. Based on the market going up in the last 15 years, the real estate and moderate growth buckets did the best, even with the down turn back in 2022. ( What is most important it seems is several buckets instead of just one. 😀😀😀
@kenpoulin667210 ай бұрын
Fees must be crazy dealing w/3 buckets.
@bills2814 Жыл бұрын
Sorry Turning over my retirement savings to “mutual of Bernie Madoff” at 65 seems risky. You should only have to become independently wealthy once.