Brad Rhodes

Scenario 1: Monthly Income Without Touching the Principal

I wanted to share a story of how I helped a long-time client who recently retired. He had a 401(k), and we rolled it over into an IRA. Being single and retired, his top priority was generating monthly income—without depleting his savings.

Here's what we set up: We’re using the interest earned on his IRA to send him a monthly deposit straight to his checking account—like clockwork. Best part? His principal stays fully intact.

Even though interest rates have dipped slightly, we were still able to lock in a competitive rate he’s happy with. So it’s truly a “have your cake and eat it too” situation—monthly income now, with flexibility and principal preserved for the future.

If you're approaching retirement and wondering how to turn your savings into steady income without running out of money, give me a call.

Watch the full video here ➜https://youtu.be/gSadrxAxzQ4?si=p9T69OyEUEEBamux

Brad Rhodes, Medicare + Retirement Specialist
336-746-4729