A Lifetime Income Audit is a 30-minute review of every retirement account and insurance policy you already own — what each one costs, how it is taxed, what it is exposed to, and what income it would actually produce — so you know where you stand before anyone recommends anything. It is the first conversation I have with every client. There is no fee, nothing is sold during it, and most people leave with at least one thing they did not know about money they already have.
What we look at
Every account. 401(k)s from current and former employers, IRAs, Roth accounts, pensions, annuities, brokerage accounts, savings. People routinely forget an old 401(k) or a policy a parent bought for them.
Every policy. Term, whole life, universal, IUL, group coverage through work. For each: the death benefit, the cash value, the premium, when the term expires or converts, and who the beneficiaries are.
What each one costs. Fund expense ratios, plan fees, cost of insurance, rider charges, surrender schedules. Every financial product has costs somewhere, visible or hidden. We find them and write them down.
How each one is taxed. Pre-tax, after-tax, or tax-advantaged; what a withdrawal would cost you this year; what your heirs would owe.
What each one is exposed to. Which accounts take the full hit in a down market, and which have a floor.
What it adds up to. Your Social Security estimate, plus any pension, plus what your accounts could reasonably produce as income — against what you spend. That gap, or surplus, is the number the whole conversation is about.
What you get
- A one-page summary of everything you own, with costs, tax status and beneficiaries in one place.
- The income gap, if there is one, in dollars per month.
- Anything that is broken: a beneficiary that is still an ex-spouse, a term policy about to expire, an underfunded universal life policy, an old 401(k) sitting in a default fund, a surrender period you did not know about.
- If something I offer would help, I will say so and explain why. If nothing would, I will say that too. Roughly a third of audits end with "keep doing what you're doing."
What to have ready
- Latest statement for each account (a screenshot of the balance page is fine).
- Each insurance policy's declarations page, or just the carrier name and policy number.
- Your Social Security statement from ssa.gov, if you have it.
- A rough idea of monthly spending.
If you do not have all of it, we start with what you have. Most audits take one call and one follow-up.
Who it is for
Anyone between about 35 and 70 who has more than one account or policy and has never seen them side by side. It is most useful within ten years of retirement, when there is still time to fix what the audit finds.
What it is not
It is not financial planning, investment advice, or tax advice. I am a licensed insurance producer, not a registered investment advisor or CPA; where a question needs one of those, I will say so and, if you want, refer you. It is not a sales presentation. Nothing is illustrated, quoted or applied for during the audit.
How to book
Use the form below. Pick a day and time; I confirm by text and email. The call is by phone or Zoom, in English or Spanish, and I obtain licensure in your state before any product discussion if I do not already hold it.
What is a Lifetime Income Audit? +
A free 30-minute review of every retirement account and insurance policy you own — what each costs, how it is taxed, what it is exposed to, and what income it would produce — summarized on one page, with no products illustrated or sold during the call.
Does the audit cost anything? +
No. There is no fee and no obligation. Vida Wealth Group is compensated by insurance carriers only if you later choose to place a policy.
What do I need to bring? +
Latest statements for each account, each policy's declarations page or carrier and policy number, your Social Security statement from ssa.gov if available, and a rough monthly spending figure. Partial information is fine to start.
Is this financial or tax advice? +
No. Paul Rodriguez is a licensed insurance producer, not a registered investment advisor or CPA. Where a question requires one, he will say so and refer you.
Who should get one? +
Anyone roughly 35 to 70 with more than one account or policy who has never seen them side by side; most useful within ten years of retirement, while there is time to fix what the audit finds.
What if I am in a state where Vida Wealth Group is not yet licensed? +
The audit itself is educational. If a product discussion follows, Paul obtains licensure in your state before it begins.