b"The Bottom Line main question was if he could use those funds to assure that Mary would not be without income upon his passing? I just asked him if he had an open mind and believed in the motto it's not what you make its what you keep and can spend? Pete was pessimistic but agreed to allow me to put a plan together for his review. By Mark Melkowski What I presented to Pete was the opportunity to leverage 602-793-6493 or mark@eagleadvisorygroup.com his IRA so that his wife would not lose income if Pete did pass away before her. Petes IRA was about $350,000, and W ell, another month hasWell call the couple in myhe decided to reposition those funds into an annuity that protects the principal for market loss. Pete also decided to passed by and we are stillfirst example Joe and Carol.purchase life insurance, in the event of his death, with a in the twilight zone. TheseThey decided in 2009 to putbenefit of $500,000. Pete allocated $25,000 per year for the next couple of months could andsome funds into an annuity.premiums and after paying $25,000 per year for 9 years Pete probably will bring changes to usThe idea was to use it for apassed away unexpectedly. As hard as it was for the family, as individuals and to our country.supplement to their incomehis wife received the life insurance funds of $500,000 tax-We will prevail because we Americans are the strongest andrequirements. Both had aboutfree. Even though Pete previously received over $200,000 most resilient people in the world. What I would like to do$400,000 to reposition into an annuityfrom the IRA, his wife still received $335,000. Over the this month is expand upon the article from last month onand they decided to take a free withdrawal every year. Iyears, Pete would call every year when he had to make the annuities. Now I know there are many different opinionsmeet with them every year to go over their needs. We wentpremium payment on his life insurance and he would recite and theories on annuities, some good, some bad, and someover these two annuities when I visited with them last week.math never lies, and its not what you make, its what you that are just not true. I am going to try to put this simply,They recalled that when they first met me I commented thatkeep and spend. not get in-depth on explaining how they work but insteadmath does not lie. The reason Joe said this was because over show you how they work.the last 11 years, they have taken out a combined total ofI hope these examples help you understand that annuities about $620,000 and their account values were only $40,000are positioned to protect your principal, lock in your In my practice, I believe in one theory and that is its notless than what they originally put into the annuities. Joegains, and provide you an income. Math never lies and what you make on your money, its what you keep andand Carol realized that math does not lie and that it is veryremembering the motto it's not what you make, its what what you can spend. Everyone wants to make a profit and aimportant to live by the motto, it's not what you make, itsyou keep and spend could be the best decision you can return on their savings but in the end, its what you keep andwhat you can keep and spend.make for your income needs and legacy planning. spend that is important.Now, meet Pete and Mary. They also have been associatedAt Arizona Financial Solutions, we pride ourselvesSo, what I am going to do is give you some illustrationswith me for over ten years. Pete was very skeptical aboutin presenting you with the best information availableof how the annuities work over a period on time. Now Iannuities when I first met him, but Petes concern was thatthrough the American Retirement Institute and Retirement do have many of these cases, but I decided to share thesehe was six years older than Mary and if he passed away firstBlueprint, to help stop financial illiteracy and empowerexamples with you. Both of these couples have beenMary would lose his full pension of $5000 per month. Peteyou to take control of your finances. Feel free to contactworking with me for over ten years and have experiencedwas very smart and wanted to be sure that his wife wouldMark Melkowski at 602-793-6493, or email me atpositive results on keeping what they have and takingnot lose any income if that were to happen. Pete had an IRAmark@eagleadvisorygroup.com. Also, visit us at income from the annuities.and he did not need the required minimum distributions,arizonafs.com. I look forward to speaking with you.but he had to take them because he was past 70 1/2.HisGod bless America. 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