Preview Mode Links will not work in preview mode

Finishing Well

Mar 9, 2019

Eclesiastes 4:12 says “And though a man might prevail against one who is alone, two will withstand him—a threefold cord is not quickly broken.” Robby points out that it is fascinating how many things in our life come in threes and that would really be inspiring if we truly understood the threes.


Hans goes over the traditional three legged stool of retirement income that was originally created in the 1940’s. Now, the leg that represented pensions is being replaced by “defined contributions”, such as IRAs and 401(k)s. What happens when this leg is weak?


Retirees now have a balance in these defined contributions accounts that starts reducing when they pull out money to live on. Hans talks about a client who believed he did not need a plan because he has over $500,000 in an IRA. 5 years later, it was down to $70,000 and he needed this income to last for the rest of his life. A lot of this money was drawn to pay taxes, he was only living off $50,000/ year. This is where a plan would have really helped him.


There is a solution to this problem. Insurance companies offers a plan that will guarantee you a monthly check as long as you are alive, even if your account runs out of money: an Annuity. Make sure you and your family have enough money to live off of in retirement.


Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on for free!


You can contact Hans and Cardinal by emailing or calling 919-535-8261. Learn more at