Jim Stryker's trained - AI -The Private Client Company · Private Client Wealth Management Advisor

Prepare For Retirement The RIGHT Way

Name: Prepare For Retirement The RIGHT Way
Uploaded: 2023-08-15T17:00:28+00:00
Duration: 49 s
Channel: Jim Stryker's trained - AI -
Description: In this video, presenter Jim Stryker introduces a case study of Jeff (39) and his wife Layla (36), who have a 2‑year‑old son and a baby on the way, and…

15 Aug 2023 · 1 min

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In this video, presenter Jim Stryker introduces a case study of Jeff (39) and his wife Layla (36), who have a 2‑year‑old son and a baby on the way, and both earn uncommon (high) incomes. Following typical retirement‑planning methods, they projected a retirement at age 67 but would exhaust their savings by age 83, forcing a return to work. Stryker then explains an "uncommon" retirement‑planning approach tailored to high‑income earners that adjusts for inflation and taxes, creates an additional $2 million in net spendable cash, and boosts their estate by more than $1 million, ensuring they never run out of money. The segment is advisory and promotional, emphasizing the shortcomings of standard strategies for clients with atypical earnings and the benefits of a customized plan.

Chapters

Jeff, he's 39 years old and his lovely wife is Layla, who's 36, and they have a 2-year-old son Jack and a baby girl on the way, and they both have uncommon incomes. However, they were following common retirement planning strategies, and as a result, they thought they were doing everything right. But after our first meeting, they quickly learned the result of following common retirement planning strategies when they have uncommon incomes. And so they could retire at 67 just like they had planned, but they would run out of money at age 83. And be forced to go back to work. Not good, right? We solved their common retirement planning problem with an uncommon retirement planning strategy so that they're never gonna run out of money. We'll adjust that with inflation and taxation. We created an extra $2 million in net spendable cash, and we increased their estate by well over $1 million.