Aug 18 2024 37 mins 2
Learn how to get the guaranteed highest pension payout. Jethro Jones discusses the "Pension Maximization" strategy for school principals with John "Hutch" Hutchinson.
Rather than protecting your spouse by choosing a reduced monthly benefit payment from your pension, you can instead calibrate a life insurance policy to guarantee you the highest monthly pension payout possible. Plus, you can also take extra tax-free income from the cash value as you go.
Resources & Timestamps:
Comprehensive article on how Pension Maximization works:
https://bankingtruths.com/pension-maximization/
Video example of Pension Maximization:
Book a free consult about customizing Pension Max for you:
https://bankingtruths.com/pension-max-schedule/
Podcast Timestamps
0:00 - Risk off money and how Big Banks invest their safe reserves.
4:00 - Intro to the Pension Maximization strategy
7:00 - How a Life Insurance policy can help you take a bigger pension payment
11:20 - Pension reductions for survivor benefits are just expensive "life insurance" policies that won't even pay your kids if both spouses die
18:10 - Only 4 possible outcomes when retiring. What happens with & without Pension Max?
23:58 - Where to find the money for "another bill" with this Life Insurance for Pension Max.
28:57 - Start with cheap term insurance as you build up to a full-blown Pension Maximization strategy
34:47 - Resources to learn more about Pension Maximization
37:01 - Take tax-Free supplemental income from life insurance like a Roth
