For Your Retirement
Create a Power Layer to Your Retirement Income
When you retire you will convert your retirement assets to income. Will you outlive your account balance? Will inflation degrade your purchasing power?
These are questions you will encounter. Does your current strategy have a good answer?
Create a Better Retirement Income Stack
From a financial standpoint, retirement is a transition from work income to retirement income. You'll stack your sources of retirement income; Social Security, a pension or annuity, income from investments, and you may continue to earn income from work.
However, any source of retirement income which can become depleted is a risk to your retirement. That's how a Higher Peak financial strategy can turn an at-risk part of your retirement income into an income power piece.
Example
Let's say you used an Higher Peak strategy as part of your retirement income. If you had a gross cash value of $1 million, had taken $600,000 as tax-free income over part of your retirement, and this year's Higher Peak strategy return were 10%, the 10% would be on the $1 million gross balance (not on the $400,000 of net available), creating $100,000 of new cash wealth.
That growth-on-gross feature can help maintain your purchasing power even during high inflationary periods.
A 10% return on a traditional investment account would be applied to the net $400,000 balance, yielding $40,000 of taxable income, meaning you may only have $30,000 of usable income. Imagine how that can help boost your financial confidence in retirement.
That's a big difference. That's the Higher Peak difference.