At Talk Money with Tish (TMWT), we believe that no matter your age or situation, it's never too late to take control of your financial future. Today, we’re sharing a powerful, real-life example of how thoughtful planning, the right tools, and family support turned a precarious retirement situation into a legacy of stability and peace.

Meet “Julie” — A Retirement at Risk

Julie, a woman in her early 80s, had recently sold a second property that had become more of a burden than a benefit. Living solely on Social Security—her income wasn’t enough to cover basic expenses. While she had several annuities, some were tied up with a provider showing signs of financial trouble. Concerned, Julie’s children stepped in and called our team.

Step 1: Getting Out of a Risky Annuity Provider

Julie held annuities with a company that has made headlines for legal and financial issues—and is facing liquidation.

Our team moved swiftly. We worked with Julie and her family, initiated the surrender process, completed the paperwork, and did everything we could up front to avoid processing delays.

This step ensured that Julie’s retirement savings were no longer at risk with a troubled provider.

Step 2: Creating an Income + Growth Strategy

We structured one of Julie’s annuities to provide lifetime monthly income. We focused the remaining qualified funds—on a strategy that would balance growth and security.

We consolidated two smaller annuities with minimal/no surrender fees into a growth-focused annuity offering a premium bonus. Even after some nominal surrender fees, Julie walked away with a net positive return, immediately boosting her retirement nest egg.

Step 3: Using Bonuses to Maximize Income

Here’s where the strategy paid off in a big way. By deferring Julie’s income for just one year, Julie qualified for:

• A 20% bonus on her income base, and
• An additional 7.5% bonus for waiting a little longer

These bonuses increased her projected lifetime income to around $55,000/year—regardless of whether her principal is eventually spent down. That’s the kind of security every retiree deserves.

Step 4: Planning for Emergencies and Flexibility

Not all of Julie’s funds were locked up. We kept:

• $24,000 liquid for her first year of income with
• Additional savings in a high-yield emergency account

This gave Julie flexibility and comfort, knowing that money was available for medical expenses, home repairs, or unexpected needs.

Step 5: Estate & Tax Planning

With the sale of the property, Julie has to account for capital gains taxes. We had her set aside those funds in a separate account so she has it.

Together with her family, they worked with their CPA and estate attorney to:

• Make sure her will was up to date
• Put her financial and medical powers of attorney in place, and
• Ensure that her designated beneficiaries are on the accounts

These steps ensured that her financial plan was not only complete for today, but structured for the future.

Key Takeaways 

✅ Don’t wait—if your money is with a risky provider, act fast but wisely
✅ Use annuities with purpose—some for growth, some for income
✅ Take advantage of bonus opportunities to maximize income
✅ Keep emergency funds accessible—liquidity matters
✅ Work with professionals—financial professionals, CPAs, and attorneys each play a role

Final Thoughts

This case is proof that even in your 80s, with the right guidance and a little urgency, you can build a plan that provides income, security, and peace of mind for years to come.

If you’re navigating retirement planning for yourself or a loved one and want to ensure your money is working in your favor, we’re here to help. Schedule a consultation today.