Guaranteed Income - 3 Buckets of Money

[@davidfolts5893]

Cardinal Advisors has the greatest financial content on KZbin, delivered kindly. Thank you!

[@Elephantine999]

Switching from socking it away to distributing it is a whole new financial planning adventure! 😳

[@FootballPro-wo4vz]

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

[@Meadowlark57]

Another informative lesson; thank you.

[@chessdad182]

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]

All 3 of the buckets are IRA money. The guaranteed lifetime payments count as RMDs. Thanks for watching.

[@steveyarnall]

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]

Tax free transfer or rollover (custodian to custodian). The guaranteed lifetime payments count as RMDs. Thanks for watching

[@g.ajemian4968]

Does that doubler only become available if there is still money left in the account meaning the account is not totally depleted?

[@CardinalAdvisors]

@@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.

[@GabrielSBarbaraS]

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. 😀😀😀

[@kenpoulin6672]

Fees must be crazy dealing w/3 buckets.

[@bills2814]

Sorry Turning over my retirement savings to “mutual of Bernie Madoff” at 65 seems risky. You should only have to become independently wealthy once.