Creating Retirement Income
Roth IRA-Tax-Free Income for Life
If a 35-year-old male contributes $4,000 per year to a Payback Annuity Roth IRA to age 65, the Wisconsin resident could elect to be paid a monthly income of $1,265.33 for his life, assuming the guaranteed minimum interest rate and the current annuity rates.
If the now 65-year-old lives to age 85, his life expectancy, his monthly payments would total $303,679.20 of income tax free money.
