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Get your INCOME POWER
personalized to your needs

Your Retirement


About You
  You





Your Plan

Your Retirement Income


Your Results
Survival Age:


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Your Income Power



 

Your Income Power results are based on the median costs of purchasing guaranteed future income in the commercial income annuity market place. Those purchase prices are based on Go2Income proprietary methodology. There is no assurance, however, that if you were to purchase guaranteed income that the purchase prices would be more favorable than those used in the Income Power results. To get current rates please request an appointment with a Go2Specialist.







GET YOUR FREE INCOME POWER REPORT

Fill in the information below to receive a free, no obligation Income Power Report. By registering you will also receive quarterly reports that update your information to reflect then current market conditions and your age. This could help you determine whether you are making progress toward your income goal.






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Retirement Savings Worksheet


(1) Fill in estimated value of your retirement savings
(2) Modify percentage (%) to be included if necessary

Retirement Savings Included in Income Power Calculation




(1) Value of house (max $650,000) less existing mortgage

Select Survival Age
Withdrawals
DIA Payments
Advantage DIA

"Payments" above include (1) periodic amounts paid to annuitant(s) through the selected survival age, and (2) any residual amount paid to the beneficiary at the survival age. A negative "Advantage DIA" will likely occur if you select a young survival age.

IRA/401(k)



These retirement accounts represent the clearest form of retirement savings.

As a replacement for the corporate pension they are the most logical source for retirement income. Further their tax treatment is geared to delivering the highest level of income during your lifetime rather than a legacy to your family.

In measuring your Income Power, we suggest including at 100%.

Purchase of QLAC and Current Income Annuity may be made through tax-free rollover.

Personal Savings



These savings and investment accounts represent the accumulation of after - tax savings. Investment returns on these amounts are taxed currently, some at favorable rates; amounts left as a legacy may receive favorable tax treatment at your passing.

In measuring your Income Power, we suggest excluding those amounts generating yields and considered part of your legacy.

Purchase of DIA and Current Income Annuity may be made only on an after tax basis. Portion of these annuity payments will be considered as tax-free return of principal.

Deferred Annuities



These annuities, unlike those described in the Go2Income site, are designed to accumulate savings on a tax-deferred basis. They may offer variable, indexed or fixed returns. Unlike the IRA/401(k) they offer tax deferral beyond age 70 ½. If amounts are withdrawn they will be taxed on a least favorable last-in,last-out basis.

In measuring your Income Power, we suggest including at 100%.

Purchase of DIA and Current Income Annuity may be made through tax-free exchange.

Equity in Home



Investors may tap the equity in your house through a Home Equity Conversion Mortgage (HECM). This mortgage is subject to a rigorous financial assessment but it can be a source of tax-free cash during the early stage of retirement. To maintain liquidity and legacy we suggest using in moderation.

In measuring your Income Power, we suggest including at 40%, but not more than $250,000.

Purchase of any form of annuity from these proceeds and is strictly prohibited.

Income Power Details


Re-write this!!!!!
By selecting Max Deferral you are deferring payments until the Income Start Age you select.
If you select Income Plan* you are phasing in your guaranteed income as follows:

  • For current ages under 64, your income phases in at 70, 75 and 80
  • For current ages 65 to74, income phases in at 75, 80 and 85
  • For current ages 75 to 79, income phases in at 80 and 85
  • For current ages 80 and over, income starts at Income Start Age you select.


  • Please Request an Appointment with a Go2Specialist if you'd like a customized Income Plan.

    *You may not specify the Income Goal for an Income Plan. The Income Goal illustrated for an Income Plan will be the initial payment.