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On this episode of Wealth Standard Radio, Patrick and Nathan discuss retirement savings, The Monte Carlo Simulation, tax deferred accounts, and mortality credits. They breakdown some of the problems with traditional retirement accounts like 401k and walk through some of the traditional solutions. Join us to learn how to turn a million dollars of taxable into a 100% free retirement account!
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Also feel free to email us at paradigmlife.net or call at 800-870-8670 and we’ll get you your free ebook, Optimizing Retirement Income by Combining Actuarial Science and Investments, be renowned mathematicion and analyst, by. Wade D. Pfau, Ph.D., CFA.
Show Notes:
0:00 Intro
0:19 Introducing Nate Butler a Senior Wealth Strategist
0:29 Today’s Topic Is How To Turn $1,000,000 Of Tax Deferred Money Into A 100% Tax-Free Retirement Income
3:04 Case Study: The Retirement Epiphany – Do I Have Enough?
4:59 Top of Mind, Tip of Tongue – The Challenge Of Long Term Planning
8:22 What is a Tax Deferred Account?
8:36 Three Types of Money
9:44 Is It All Yours – How Much of My Retirement Money Belongs to the Government?
15:21 The Traditional Solution: Work Longer, Live on Less, Maximizie Risk
16:24 The Monte Carlo Simulation: What is the Likelihood You Will Achieve your Retirement Goals?
17:31 Millennials vs. Baby Boomers (Now vs. Later)
20:07 Our Solution: Work Less, Make More, Minimize Risk
31:15 Now I Know: What Cat Scans and Our Solution Have in Common
33:40 How to Increase Your Income Using Actuarial Science and Investments
35:47 Dual Economic Risks: What Are They and Why Do They Matter?
39:01 Mortality Credits: Betting on Both Sides of the Die
43:34 Get Our Free Ebook here
45:02 Some Final Words of Wisdom from Nate
46:17 Outro
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Don't be afraid, taxes can be a scary thing, but there are solutions. Click To Tweet “How Click To Tweet Make sure you have your thinking cap on for this one...but don't fret because nate is doing our monthly webinar in august. Click To Tweet They're realizing that in retirement, even though they haven't paid tax on contributions, even though they haven't paid tax on any of the growth, the entire principle of their withdrawals are going to be taxed Click To Tweet What you prepare for is not what you wind up with Click To Tweet I've gotta do something different because I'm starting to see the writing on the wall. Click To Tweet I'll ask, well you have a million dollars in your 401k...is all of that your money? Click To Tweet This is an issue that the majority of the working population is facing Click To TweetTo learn more about Paradigm Life visit our Resources Page or sign up for Infinite 101. And be sure to tune in every Wednesday morning at 9:00 a.m. (MST) to listen to The Wealth Standard Radio LIVE!
