How to Invest 2 Million Dollars for Income

More of Rob’s blog articles & videos can be found here:

You’ve got 2 million bucks, and now you need to convert that to income for your retirement.

Let's take a look at how we would structure that.

Registered Assets

First of all, are the assets registered or not?

Let's look at the scenario of a strong saver, a couple who've been putting aside money all year and the 2 million bucks are in their RRSPs.

Each have 1 million bucks of registered assets. We do not need to factor in the tax consequences of the actual income stream.

⭐ Video on How Does a RESP Work? What are the RESP Withdrawal Rules?

They have 2 million bucks and will want to structure income. They've discovered through financial planning that if they get $100,000 a year pre-tax, that would suffice.

The amount would be anywhere from 75 to 85,000 in after tax dollars, depending on the tax rate of withdrawing of RRSPs.

In any event, the income stream does not matter in structuring a portfolio to generate income.

That means we can use bonds, we can use preferred shares, we can use private debt, we can use stocks, we can use real estate. The tax consequences for this couple is irrelevant.

We've got to make sure that we're structuring a portfolio that's generally generating income. We could take a look at some value stocks. We could take a look at dividend payers, depending on the risk tolerance of the couple, we're going to want to make sure, absolutely sure that we're meeting and matching their volatility needs.

We do not want to use a max growth portfolio if that's not what they can handle, right? The objective for that client is one, to figure out their need, and then to build a portfolio based on that. In this case, tax consequences of any kind are not factored in.

Private debt is one area that we could potentially generate some real nice returns.

If interest rates move and you’re able to get 4 or 5% on bonds, that's a good spot to get income for a conservative client.

There are some dividend paying equities that are paying 4 or 5%. You can take a look at real estate investment trusts, infrastructure, utilities, all of those companies pay very nice consistent income.

At the end of the day, you build this portfolio, you add the different income streams and you subtotal it – you want the income to be 5%.

You can add some alternatives, such as some higher paying rates which can pay 8 or 9%, and then you construct a portfolio that's generating income for the couple.

Non-Registered Assets

Another scenario is where an entrepreneur sells his business and gets $2 million after tax dollars. All of it is in non-registered assets.
In this scenario, tax does become a factor.

The first thing we're going to want to look at is RRSP contribution. Are there any TFSAs and can we do anything with those? Can we shelter any of that income? Can we somehow use a corporation to shelter some of that income?

If all the money is non-registered and you got $2 million and we are building that for tax purposes, you're going to have to make sure to factor in the taxable consequence of all those investments.

Again, we will focus on dividends on the defensive side.

You can take a look at preferred shares or, depending on where interest rates are, there's some really nice yielding preferred shares that could get you that 5% if we want to generate a $100,000 of income for this client. Income, so we can look at preferred shares.

Let’s take a look at dividend paying equities.

Some of the same utility, REITs, private limited partnerships, private REITs – all of these options are tax efficient.

You'll generally want to stay away from the private debt. Depending on your risk tolerance, you're going to want to stay away from anything that's an interest-bearing certificate, for tax purposes.

That scenario is obviously different than the retiree who has all their money in registered assets.

You're building a portfolio for 2 million of income. You need to make sure you calculate what the dividend yield, what the interest income with the return of capital is expected to be in this portfolio. You structure it, you build it, and then you send the cash flow out to the client.

We would send the cash flow out to the client on a monthly basis, and the cash flow is being fed automatically from the portfolio directly to the client's bank account.

Retirement Payout Calculator Link:

📅 Schedule a call with Rob to discuss my investment portfolio:

📞 Call us directly at 204-259-2856 to schedule your FREE consultation

We Need $1.7 Million to Retire??? Stop the Silliness!

================================
Get the PDF version of my Tax Bomb book for free follow this link.

Get my books on Audible here:

Was this video worth a buck or two? Donate a cup of coffee here:

Want to support what I'm doing for $10 a month? Join my SubscribeStar page.

Be on the lookout for my 4th book coming out soon, YOU CAN RETIRE ON SOCIAL SECURITY!

If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the video to others who may be interested in the content. So, give me a thumbs up, please!

Don't forget to SUBSCRIBE by clicking here:

My Amazon Product page:

Anything you buy there Amazon pays me a commission. Much appreciated!

Contact me: [email protected]

GET MY BOOKS:
ALL are FREE to Kindle Unlimited Subscribers!

The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It

Strategic Money Planning: 8 Easy Ways To Put Your House In Order

State by State Tax Guide For Retirees:

GET ALL MY LATEST BLOGPOSTS:

PODCAST:

LET'S SOCIALIZE!
Facebook:
Linkedin:
Quora:

How Long Does $1 Million Last in Retirement | Phil Town

One million dollars is a common benchmark when it comes to retirement goals, and many resources will recommend this number as how much you should save before you retire.

However, while one million dollars may sound like a great goal to strive for, the truth is that one million probably isn't going to be enough for you to live a comfortable and enjoyable retirement. To better understand how long one million dollars will actually last in retirement, we'll take a look at some of the factors affecting how much retirement costs.

Wondering how much you need to save for retirement and how investing can help? Try my free retirement quiz today! Click the link above.

Looking to master investing? Attend one of my 3-Day Transformational Investing Workshops, virtually! Reserve your seat here:

_____________
Learn more:

Subscribe to my channel for free stuff, tips and more!
YouTube:
Facebook:
Twitter:
Google+: + PhilTownRule1Investing
Pinterest:
LinkedIn:
Blog:
Podcast:

1 million retirement, retirement planning, how to invest, retirement number, saving for retirement, retirement calculator, 1 million in retirement, whats my number, million dollar retirement,

Saving for Retirement According to Your Age

The earlier you start saving, the better off you will be in retirement. Learn how much you should be saving for retirement according to your age and salary.

Important Points:

0:11 "Let's take a look at if you're in your 20's, 30's, 40's or 50's – what is the game plan here?"

0:22 "Let's say you're 30 years old. You want to have at least one times your salary saved. So if you're making $50,000 a year, you want to make sure you have fifty grand in the bank."

0:30 "Let's jump up to 45 [years old]. You want to have four times your annual income saved. Once you get into your sixties, that's eight times [your salary]; that's a huge number."

0:43 "Procrastination is one of the key components of why people are not necessarily successful."

1:05 "A lot of the time it's just simple arithmetic. How much money do I need to maintain the lifestyle that I want long-term?"

2:00 "That does show why you want to start as early as possible when you're saving."

If you would like to schedule a free assessment with one of our CFP® professionals, click here:

Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.”

Channels & show times: yourmoneyyourwealth.com

IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

Is A Million Dollars Enough To Retire On?

Learn to budget, beat debt, & build a legacy. Visit the online store today:

Subscribe to stay up to date with the latest videos:

Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

RETIRING on $300 a month CHEAP Living : Lo de Marcos Jalisco Mexico

Retiring on $300 a month Lo de Marcos Jalisco Mexico Cheap Living.

You could retire now, for as little as $300 per month in Lo de Marcos Jalisco, Mexico 2018? Of course, that means cutting back living Cheap Living on most luxuries and living a relatively simple Retirement lifestyle.

Important warning we DO NOT recommend any Real estate Company in Lo de Marcos.

Expats Retirement in Mexico Goes a lot further.

Retirement Planning Before You actually retires Will allow you to have more money And give you A better quality of life. Retirement planning is so important Before you actually do retire.

________________________________________________________
In Lo de Marcos, you will feel the essence of a true Mexican town. Wide, calm streets, colorful flowering trees and brilliantly painted façades accompany patient fishermen as they weave their nets, which they will later throw into the sea located at the end of the paved walkway.
“It is a small paradise on Earth,” expresses one of the inhabitants of this corner of the Riviera Nayarit. Here, hotels and villas of the purest Mexican style will welcome you with open arms.
Lo de Marcos is a town with a remodeled gazebo in the downtown and small businesses and restaurants with delicious homemade food and friendly service.

We suggest That youTravel in Mexico Before you decide Where you want to Set up You're Retirement lifestyle.

Some people like the Higher elevations like San Miguel And some people like the beaches Like Mazatlan, And some people like Chapala

Sayulita was "discovered" by roving surfers in the late 1960s with the construction of Mexican Highway 200. Today, Sayulita is a prosperous growing village of approximately 6,000 residents. Hailed as a popular off-the-beaten-path travel destination,

San Pancho Culture San Pancho, as the village of San Francisco, Mexico is affectionately known, has preserved its rural essence and the authenticity of a picturesque Mexican town. Here one can still enjoy the serenity and the principles of old Mexico; where people take the time to chat rather than rushing to do business. Just an hour’s drive north of Puerto Vallarta airport but a world apart, San Pancho sits peacefully upon a wide palm-fringed golden beach wrapped in a lush cloak of the verdant jungle. Quiet cobblestone streets provide visitors and residents a safe haven in which to wander and discover the town, with delightful restaurants close at hand to enjoy a delicious refreshment.

Follow me on Facebook

Travel with me on YouTube ( ) Subscribe Now – It's FREE
——————————————————————————————————————
Mexico: What does it cost to rent a house in Lake Chapala Mexico?

Mexico my favorite artist Village

Retirement and how to choose a retirement lifestyle

Mexico Vacation Travel Guide

Mexico Travel: Is It Safe To Travel in Mexico?

Day of the dead Mexico Jerry Brown travels

Mexico Guadalajara travel Guide

Retire early how much money do I need

AJIJIC Mexico outdoor open market

————————————————————————————
Want to improve your Spanish now? Check out the Travel Spanish Confidence course! Enter code "JERRYBROWNTRAVELS" at checkout to get 5% off:

Become a part of the Jerry Brown Travels Family on Patreon:

Moshe Milevsky – Why Annuities?

Moshe Milevsky offers his response to the commonly-asked question: "Why should I invest in annuities?" Mr. Milevsky is a professor of Finance at the Schulich School of Business at York University, Toronto, Canada.

Variable annuities are long-term, tax-deferred investments designed for retirement, involve investment risks and may lose value. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59½.

Variable annuities are distributed by Jackson National Life Distributors LLC, member FINRA. May not be available in all states, and state variations may apply. This product has limitations and restrictions, including withdrawal charges and excess interest adjustments (interest rate adjustments in New York) where applicable. Jackson® issues other variable annuity products with similar features, benefits, limitations and charges. Discuss them with your representative or contact Jackson for more information. Jackson is the marketing name for Jackson National Life Insurance Company® and Jackson National Life Insurance Company of New York®.

Moshe Milevsky was paid for his commentary. His views do not necessarily reflect those of Jackson.

CMC19072 07/17

Early Retirement: 4 Costly Errors Most Early Retirees Make

-Transcript-

Retirement Planning Mistakes: 4 Errors Most Early Retirees Make
Hey Everybody, Dieter Scherer here fee-only financial planner and founder of Realize Your Retirement.
Today we’re talking about the 4 Errors Most Early Retirees Make

Mistake #1: Not planning for health insurance costs before Medicare kicks in
How are going to pay for health insurance before Medicare kicks in?
You generally can’t apply for Medicare benefits before age 65. Most people get
Health insurance through their employer and porting your health insurance through COBRA is expensive and only available for up to 18 months after you terminate employment. So make sure you have a plan in place to take this into account.

Mistake #2: Failure to plan for How much will you need each year?

People generally need more during retirement than the often stated 70% income replacement ratio offered up by many as the gold standard. In practice, I usually see most people spending close to 100% of their pre-retirement income. Most people grossly underestimate the amount of money will need each year, especially when they retire early and are much more active with travel and other activities.

Mistake #3: Not Owning Equities in your portfolio
Simply put, not owning equities in your portfolio will set you up for failure during retirement, especially when you retire early. With interest rates close to zero right now, CDs and bonds will not give you the returns you need to have your portfolio survive all the way through retirement.

Mistake #4: Applying for Social Security at the Wrong Time:
Most people apply for Social Security as soon as they are eligible. If you retire early it might make sense to take Social Security so that you have a larger income each month, but the fact is you need to consider a whole lot of other factors before you apply. These include how long you are expected to live, whether your spouse is eligible for benefits, how much your spouse and you can expect to receive each month and your other sources of retirement income.

To answer these questions I’ve made a free video course available over at SocialSecurity.RealizeYourRetirement.com, a link will be in the description below. The free course goes through the future of Social Security, the rules of Social Security, and how to maximize Social Security benefits.

I hope today’s video has offered you some good value, if you have any questions or comments, let me know in the comments below.

https://www.youtube.com/watch?v=wuQSip3yakI

Make Your Money Last: The Top 5 Retirement Planning Myths

Worried about having enough money in retirement? Thinking of working a few more years just to be sure? Financial planning for retirement is more complex than ever. It’s no longer just about saving enough to get to retirement; it’s also about making sure your money lasts through your retirement years.

Don’t risk outliving your money by adhering to the old ideas of retirement planning. Learn why many of the traditional approaches to retirement planning no longer apply, how to avoid the risk of outliving your money, and key steps you can take to ensure your money lasts as long as you do.

Visit Northwestern Mutual:
Like us on Facebook:
Follow us on Twitter:
Follow us on Instagram:

https://www.youtube.com/watch?v=UyYkfT2Z3-I

The 10 Best Cities to Retire in the US

► Please Remember to Subscribe! ►
► Follow me on Twitter:
► Facebook:
—————————————-­—–
The 10 Best Cities to Retire in the US.

Choosing where to retire in the US can be very overwhelming – so many great options and factors to consider! Regardless of whether you’re seeking an action-packed retirement or looking instead for a peaceful escape from hectic city life, you’ll find here the 10 best cities to retire in the US.
1. Prescott, Arizona
2. Venice, Florida
3. St. Augustine, Florida
4. Beaufort, South Carolina
5. Myrtle Beach, South Carolina
6. Abilene, Texas
7. Austin, Texas
8. Boise, Idaho
9. Palm Springs, California
10. Salt Lake City, Utah
—————————————-­—–
Music:NCS
Alan Walker – Spectre [NCS Release]
goo.gl/5cc7z6
Ahrix – Nova
Spotify:
Facebook:
Youtube Channel:
Youtube Video:
SoundCloud:
—————————————-­—–
Thanks for watching!

https://www.youtube.com/watch?v=CCAWdxfZyY4

The Secret to Retirement Planning with Minimal Taxation

Financial planning and taxes in your retirement years does not have to be a scary thing for baby boomers and retirees. In fact, there are very simple ways to safeguard your retirement income from both volatility and taxation. In this video Rob discusses where IRA’s, 401k’s, and 529 Plans fit in the spectrum of taxation and financial planning.

A few of the key topics in this video that you will learn are:

Capital gains versus ordinary income tax
Tax-free versus tax-deferred
Where annuities fit in your retirement plan
How a private pension is a viable alternative investment.

Please subscribe to our channel above to make sure you receive updates on all future retirement videos. We post new retirement videos like this every Tuesday and Friday so please Subscribe now to get instant updates on our upcoming videos.

Download the Free report at today

https://www.youtube.com/watch?v=p925UP6WxEE

Current State of Deferred Income Annuity Products

In this practical video, Curtis Cloke discusses the deferred income annuity market today. He reviews product developments and discusses the types of returns that are available today based on current interest rates and mortality tables.

5 Best Places to Retire in Florida | Retirement Planning

5 Best Places to Retire in Florida | Retirement Planning
Florida’s population swells by more than 1,000 people every day, many of them retirees relocating for the second halves of their lives. And it’s easy to see why: Even in the coldest months of the year, the average daily high is at least 70 degrees, and the temperature rarely dips below 50.
Florida is also one of the most tax-friendly states in the country for retirees. There is no state income tax, and permanent residents are eligible for a homestead exemption of up to $50,000. Seniors may qualify for an additional exemption.
But Florida is a big state, with diverse options on both coasts — or inland, if hurricanes or rising sea levels strike too much fear in your heart. (Generally, the hurricane risk on Florida’s west coast is less than on the east coast.) We’ve rounded up five great Florida retirement destinations that are affordable and offer access to top healthcare systems. Take a look.

Please leave your comments or feel free to discuss in the comments section. Your feedback will be appreciated. Thanks for watching!!
Like ! Share ! Comment ! Subscribe !

Youtube Channel:

Facebook:

Twitter:

Tumblr:

https://www.youtube.com/watch?v=AoeNmO4dC80

How Much Money Do I Need For Retirement? – 4 Retirement Factors to Consider

If you’re considering retiring in the near future, you’ve probably heard or read that you need about 70% of your end salary to live comfortably in retirement. It may not be true for you. Consider the following 4 factors.

FACTOR #1

Your Health

Most of us will face a major health problem at some point in our lives. Think, for a moment, about the costs of prescription medicines, and recurring treatment for chronic ailments. These costs can really take a bite out of retirement income, even with a great health care plan.

FACTOR #2

Your Heredity

If you come from a family where people frequently live into their 80s and 90s, you may live as long or longer. Imagine retiring at 55 and living to 95 or 100. You would need 40-45 years of steady retirement income.

FACTOR #3

Your Portfolio

Many people retire with investment portfolios they haven’t reviewed in years, with asset allocations that may no longer be appropriate. New retirees sometimes carry too much risk in their portfolios, with the result being that the retirement income from their investments fluctuates wildly with the vagaries of the market. Other retirees are super-conservative investors: their portfolios are so risk-averse that they can’t earn enough to keep up with even moderate inflation, and over time, they find they have less and less purchasing power.

FACTOR #4

Your Spending Habits

Do you only spend 70% of your salary? Probably not. If you’re like many Americans, you probably spend 90% or 95% of it. Will your spending habits change drastically once you retire? Again, probably not.

Will You Have Enough?

When it comes to retirement income, a casual assumption may prove to be woefully inaccurate. However it doesn’t hurt to get a rough estimate. Using an online calculator link the one listed here can help you get started. You can use CNNMoney’s Will You Have Enough to Retire? calculator:

You won’t learn exactly how much retirement income you’ll need simply by watching this video and using the online calculator. But you will be on the right path. You may want to consider meeting with a fee-only, CERTIFIED FINANCIAL PLANNER™ who can help estimate your lifestyle needs and short-term and long-term expenses.

Sources:
—————
1. This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information should not be construed as investment, tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

Disclosure:
——————-
Weiss Financial Group is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities product, service, or investment strategy. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser, tax professional, or attorney before implementing any strategy or recommendation discussed herein. Insurance products and services are offered through individually licensed and appointed agents in all applicable jurisdictions. The advisers at Weiss Financial Group are not attorneys of a law firm but can provide guidance to the client’s other professionals.

Leave me a comment to ask any question or contact me through my website if you’d like to see if I can help you.

https://www.youtube.com/watch?v=B4j9BGAuZPw