Transforming Retirement: A 702s Plan Case Study
Introduction:
John Evans was a man who dreamed not only of a comfortable retirement but also of a legacy that would last for generations. His journey began with the guidance of W.H. STEINER, a financial strategist who saw the potential in John’s vision. Together, they crafted a 702s Plan that would transform his initial investment into a lifetime of financial security and a powerful legacy.
Setting the Foundation
At 43, John made a bold move. He committed to an initial investment of $586,000—a mix of steady monthly contributions of $4000.00 over seven years and a $250,000 lump sum to ignite growth. It wasn’t just an investment; it was a declaration of his intent to safeguard his future and build something extraordinary.
The Payoff Begins
At 60, John’s plan came to life. His investment had blossomed, and he began to receive $150,000 tax-free annually. This wasn’t just income; it was freedom—freedom from worry, taxes, and financial constraints. Year after year, he enjoyed this steady income, allowing him to live his life fully, knowing that his financial future was secure. By age 73, his plan had distributed an astounding $2,100,000, all tax-free.
Adaptation and Growth
As John entered his later years, his needs grew, and so did his plan’s ability to meet them. From 74 to 90, his distribution increased to $250,000 annually. These were years he could enjoy without compromise, living the life he wanted without fear of outliving his savings. Over these 17 years, he received $4,250,000, proof of the enduring strength of his 702s Plan.
Protection with Living Benefits:
If John ever faces a serious illness or injury, his 702s Plan provides living benefits specifically designed to offer financial support when it's needed most. In the event of a diagnosis with a critical, chronic, or terminal illness, or if he experiences a debilitating injury, the plan enables him to access a portion of his estate benefit early, providing immediate, tax-free funds for medical expenses or additional financial security.
This flexibility ensures that, regardless of life’s unexpected challenges, John can focus on his recovery and well-being without compromising his financial future.
A Lifetime of Wealth, a Legacy of Impact
Altogether, John’s plan delivered $6,100,000 in tax-free distributions during his lifetime. His investment had truly paid off, but there was one final gift: at 90, he had an estate benefit of $1,748,118. This wasn’t just a number on paper—it was a promise that his legacy would endure, supporting loved ones and reflecting a lifetime of wise planning and disciplined savings.
The Grand Vision Realized
Through W.H. STEINER’s expert guidance, John’s initial investment of $586,000 grew into an astonishing $7,848,118 in tax-free benefits. This plan was more than just a financial strategy; it was a journey that transformed his life and left an enduring legacy.
John Evan’s story is a testament to the power of thoughtful planning and bold choices. His 702s Plan became more than just a tool—it was a foundation of security, an enabler of dreams, and a legacy for the future. A 702s Plan Case Study
The name created is fictitious but the example is very real. To learn more about how you can create your own 702s Plan strategy visit the W.H. STEINER website today!
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