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Monday 24 June 2013

How do you handle newly acquired wealth? - by Ziad K Abdelnour

It was an interesting gambit recently when Obama threw out the cap on total 401k and IRA dollars. What was even more interesting was the rational for the $3 million amount. They converted it to an annuity worth $205,000 per year and that was the basis for the $3 million. I don’t think many people were paying attention to how much money it takes to generate $205k per year, but they should. Using income rates of about 2% to 6% (range of living off dividends-interest only to complete conversion to annuities), gives a much more realistic valuation of retirement savings than focusing on the big lump sum sitting in the bank account....Continue


Ziad K. Abdelnour is President & CEO of Blackhawk Partners, Inc. , , Founder & President of the Financial Policy Council and Author of Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics

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