Are you confident your Retirement income will last no matter how long you live?
In this episode, Hans Scheil and Tom Griffith walk through the complete income and investment plan they built for Tom and Susan, a real couple retiring in 2026. You will see the exact process used to answer the question every retiree is really asking: do I have enough, and will it last? You will discover why building your income plan from the bottom up gives you a clearer picture than the popular 4% rule. You will learn how two strategically timed annuities guaranteed Tom and Susan an additional $6,000 a month for life. You will see how locking in that guaranteed income allowed them to invest the rest more aggressively. You will understand what happens to income, tax brackets, and Medicare costs when one spouse passes away and how to plan for it now. By following this income planning process, you will gain the confidence that your Money will be there for both you and your surviving spouse. The resulting plan will take your retirement from uncertainty to a reliable, inflation-adjusted paycheck for life.
0:00 – Introduction
0:53 – The Core Question: Can I Retire?
3:39 – Overview of the Income & Investment Plan
6:35 – Building the Income Plan from the Bottom Up
8:50 – The 4% Rule vs. Their Approach
9:17 – Tom & Susan’s Social Security Income
10:22 – Creating the Additional $6,000/Month
11:40 – Annuity #1: The 5-Year SPIA
13:22 – Annuity #2: Lifetime Guaranteed Income
15:34 – Monte Carlo Simulation & Plan Results
19:27 – The Investment Plan: Annuities as a Bond Substitute
21:10 – Shifting to an 80/20 Portfolio
22:28 – Managing Risk: Market, Longevity & Sequence of Returns
25:34 – Walking Through the Software
27:40 – Cash Flow Analysis Year by Year
31:05 – Estate Planning: What Happens When One Spouse Dies
33:01 – Tax Planning & Three Buckets of Money
34:33 – Wrap-Up & Next Steps
Questions? Email us at [email protected], call us at (919) 535-8261, or visit our website at https://cardinalguide.com/
Show Notes: https://cardinalguide.com/wp-content/uploads/2026/05/Income-Planning-Financial-Plan-Series-Episode-6-of-8-Show-Notes.pdf
H E Scheil & Associates doing business as Cardinal Advisors holds an insurance license in all 50 states and DC. Listed below is the license # in each individual state. Alabama 675461, Alaska 100118081, Arizona 1800012348, Arkansas 100104794, California 0K32569, Colorado 464622, Connecticut 2463129, Delaware 1119857, DC 2887040, Florida L087124, Georgia 159539, Hawaii 445296, Idaho 507076, Illinois 100333675, Indiana 721739, Iowa. 1002056691, Kansas. 272705345, Kentucky 738674, Louisiana 614407, Maine AGN249408, Maryland 100048542, Massachusetts 2006645, Michigan 0104206, Minnesota 40411912, Mississippi 15016382, Missouri 8325733, Montana 100126008, Nebraska 100224332, Nevada 1007341, New Hampshire 2315847, New Jersey 1557889, New Mexico 1800010640, New York 1382342, North Carolina 1000092550, North Dakota 2000136230, Ohio 1028975, Oklahoma 100190853, Oregon 100237062, Pennsylvania 589318, Rhode Island 2309277, South Carolina 1907911784, South Dakota 10017719, Tennessee 2252224, Texas 1963111, Utah 513447, Vermont 1038574, Virginia 129027, Washington 864498, West Virginia 100107166, Wisconsin 100192273, Wyoming 27517
