Module 3 Content
Week 3: Practical Application Homework
#1 Schedule Zoom Practical Application Check In
#2 Document Predictable Retirement Income
- Provide all pages of each spouse Social Security statement (or current gross Social Security benefits)
- Provide future pension benefit estimates for 100% joint and survivor option at retirement age (or current gross pension benefits)
- Provide gross annual amount of any other predictable income (annuity, rental, royalty, etc)
#3 Document Predictable Retirement Expenses Step 1
Provide the total annual expenses estimate based on your scenario (expenses = take home pay or expenses = take home pay minus savings) and provide statements from income sources
- Currently working (paychecks & tax return)
- Currently retired (tax return)
#3 Document Predictable Retirement Expenses Step 2
- Identify predictable expenses that will stop on the future such as loan payments, short term goals, or expenses that stop once a stage of life begins
#3 Document Predictable Retirement Expenses Step 3
- Identify predictable expenses that will start on the future such as additional expenses in retirement that are not a part of working years (Medicare premiums, additional healthcare expenses, etc)
**Reminder – Read through The Retirees Guide to Housing Wealth before getting to Module 6
John and Beth Berry Buckets at end of Module 3
John and Beth Berry Right Capital Planning Software at end of Module 3
Module 3 Supplemental Education
Link to First Trust Deed Education Videos:
http://thestewardshipsolution.com/first-trust-deed-education/
What is the Sequence of Return Risk During Distribution Years [Video]
Why Eliminating the Sequence or Return Risk in the Early Stages of Retirement (Through the Income Bucket) is So Important
