Retirement Plan Revision

Sue's Inflation Dilemma: Stuck with a Fixed Income in a World of Rising Costs.

Sue was locked into a fixed income being eroded by inflation.  Here is how she got the cash flow for today's prices with D.R. Martin.

The Challenge:

Sue was really feeling the pressure from rising costs.  She needed more money but couldn't get it from her retirement savings.

The problem was that her income was fixed.  It was guaranteed to never change.  Now, inflation was absolutely crushing her purchasing power with no signs of letting up.

  • Her expenses increased by over 25%.
  • Her income didn't increase since she retired seven years ago.
  • If she took money out of her policy, her income would be decreased permanently.

Sue needed more money but couldn't get it without steep penalties or lasting consequences.  She was locked into something that wasn't working for her.

The Solution:

Sue used D.R. Martin to learn her options and bring her income up to date for today's prices.

Through her Retirement Assessment Sue learned:

  • How to get more cash flow from her savings.
  • How to safely exit her annuity.
  • How to protect herself from future rising costs.

Sue and her CFP® professional summarized the next five years of her potential income so she could compare her old plan to the new one.  She saw how she could get the cash flow she needed and how she could prevent the same problems from happening again too.

It was easy to see the big picture with everything broken down into clear, understandable terms.  When she saw what caused her problem she also learned how she could fix it for good.

The Outcome:

Sue has a new income plan designed to adapt to real-world costs that doesn't restrict her access to her savings.

Now she has:

  • Cash flow that fully meets her needs produced by her savings.
  • Reliable income and a flexible income plan.
  • Unrestricted access to her savings for any reason.

Now, Sue can do everything she wants to do without running into the same problems again.  Her plan is fixed once and for all.

Results:

Sue's monthly cash flow fully meets her needs in today's economy.  Her purchasing power is completely restored.  Her income plan is flexible and designed to adapt for her changing needs.

This client and case study is hypothetical and not representative of actual client experience