BOOM RETIREMENT SOLUTIONS

Strategies for Boosting Retirement Income

BOOM RETIREMENT PLANNING

Strategies for Boosting Retirement Income

Top Retirement Cash Flow Risks

Why you need this Retirement Toolkit

Do you know if you will outlive your retirement savings?
Will taxes and inflation erode your Retirement Nest Egg?
Will you head into retirement using an Accumulation Strategy or a Decumulation Strategy?
Are you prepared for RMD's and IRMAA?

Flexible Retirement Income Planning Strategies and the Role of

Annuities and Indexed Universal Life Insurance

Besides providing a death benefit to safeguard your family, FIA's and FIUL offers a valuable tool for bolstering your retirement plan by potentially accumulating tax-deferred value. Accessible through policy loans or withdrawals, any accrued cash value can serve multiple purposes.

For retirees, it is a financial resource to navigate fluctuations in living expenses or unforeseen costs, bridging the disparity between retirement savings and goals.

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Positively impact your retirement income and safeguard your assets with a well-suited strategy

Retirement is when an individual ceases to engage in paid employment and starts receiving funds from Social Security, pensions, or other retirement savings plans.

Retired individuals represent a large and growing proportion of the U.S. population. In the 2023 Gallup poll, only 43%, less than half of non-retired adults, anticipate being financially comfortable in retirement.

What is Indexed Universal Life Insurance

Fixed Index Universal Life Insurance can help you achieve your financial goals. It protects your loved ones and bridges the gap between retirement savings and income. The policy protects death benefits and allows you to grow tax-deferred accumulation value. You can access the accumulated value later through policy loans or withdrawals.

Sample Policy Snapshot

Basic Illustration Based on Specific Assumptions:

Insured: Christine Robinson

Female, 40, Preferred Plus Nontobacco

Planned Monthly Premium: $600

Retirement Age: 64 yo

Initial Death Benefit Option: Increasing

Goals:

1. Life Insurance Protection up to his retirement

2. Maintain lifestyle in retirement

3. Assets protection from market fluctuations and maximizing tax efficiency during retirement

Key Considerations:

1. FIUL is supplemental to your retirement income.

2. Policy Loans and withdrawals reduce the cash value and death benefit.

Hence, it is recommended to monitor your cash value to avoid a policy lapse.

3. Withdrawals exceeding the premiums paid are subject to regular income tax.

4. FIUL policies require health and financial underwriting.

Consult your financial professional for a personalized illustration of this strategy for your situation.

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Taxation can play a substantial role in determining the overall value of your retirement portfolio

How are your current retirement income sources taxed?

Social Security

Non Qualified Savings and Certificate of Deposit

Traditional ITAs/401(k)s

Distributions are taxed

*Following the Social Security income tax rules, your social security benefits are included in the taxable income by either 0%, up to 50%, or up to 85%.