The Income Stack
D

Dale

Sample plan

Electrician · 58 · Thornton, CO

single, S-Corp of one — employee of his own company

Dale's knees are done after 32 years of panels and crawlspaces. Twelve months to his last invoice — here's the order of operations.

Earns now
$74k
per year
Saved
$80k
nest egg
Spends
$72k
per year, incl. health
Retirement income
$21k
SS + pensions
The outcome as-is

Runs short in his 70s as-is — the 12-month plan is how you close the gap

Income streams

Electrical work (W-2 from his S-Corp)work
active nowage 59
$74,000/yr
Inspection side-workwork
starts age 59age 62
$6,000/yr
Social Securityretirement
claim at 64
$20,640/yr

Savings — $80,000

Brokerage (taxable)$60,000
401(k) / IRA (tax-deferred)$230,000
Home ($70,000 owed)$340,000

Spending

Living budget$5,000/mo
Health bridge (pre-65)$1,000/mo
Total, pre-65$6,000/mo

The 12-month glide

  1. 12 months out

    Get the real Social Security number from ssa.gov — don't plan on a guess — and price the health-insurance bridge to 65 FIRST. Then route every good month's surplus to cash until there's 18 months of spending set aside.

  2. 9 months out

    Consolidate stray retirement accounts and set the withdrawal order: taxable first, retirement accounts later. Taxable-first also keeps insurance costs down in the bridge years.

  3. 6 months out

    Knee surgery NOW, while the work plan's deductible is already met. Then test Social Security claim ages by dragging the lever — watch the money-runs-out age move, not the monthly check.

  4. 1 month out

    Health-insurance enrollment, and circle the 59½ date on the calendar — not one retirement-account dollar before it. The early-withdrawal penalty is money Dale doesn't have to pay.

Now run Dale’s plan.

Open the What-If board with Dale’s exact numbers — drag a lever and watch the earliest age Dale can actually retire.

Explore Dale’s What-If →