Second Opinions Shouldn’t Come With Strings Attached
Getting a second opinion is hard when the unspoken expectation is “move your money if I impress you.” The Million Dollar Challenge removes that pressure. It’s a fee-based, time-boxed engagement to surface inefficiencies and show you—objectively—how much better your retirement income could be.
What Is The Million Dollar Challenge?
Fit Meeting
Are we a good fit for one another? Expectations, scope, and data checklist.
Discovery Meeting
We map your current plan and lifestyle goals; we “value” your current lifetime income under stress.
L-FOB Meeting
We reveal your Lifetime Financial Outcome Benefit from an Optimized Retirement Income Plan.
How It Works
Simple, Aligned, and Quantified
Engage Us: A refundable $5,000 retainer starts the analysis.
Aligned Pricing: Our fee is 1% of the inefficiencies we identify and put back into your pocket (your L-FOB).
Net Settlement: At the end, we true-up the fee against your retainer – refund the difference or invoice the balance.
Examples - What the Number Could Look Like
The Details
What We Optimize
Where We Typically Find Inefficiencies
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Withdrawal sequencing & guardrails
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Multi-year tax coordination (incl. Roth conversions)
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RMD & IRMAA exposure management
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Social Security taxation triggers
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Account location & fee drag
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Survivor (“widow’s penalty”) impacts
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State tax exposure
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Legacy distribution efficiency (SECURE Act)
We measure after-tax lifetime income under stress, not just account value.
The Guardrails - 4 Rules We Will Not Break
- We won’t ask you to take more risk.
- We won’t ask you to save more money.
- We won’t inflate assumed returns to “manufacture” outcomes.
- We won’t use products or strategies you’re uncomfortable with.
Deliverables You Will Receive
Your Retirement Optimization Packet
- Current Plan Valuation: Modeled lifetime after-tax income with stress tests.
- L-FOB Report: The quantified improvement (inefficiency recapture).
- Action Blueprint: Prioritized steps you (and your current advisors) can implement.
- Executive Summary: Plain-English findings you can share with family and advisors.
Frequently Asked Questions
Do I have to move my accounts to Velomon?
No. This is a fee-based second-opinion service.
What if you find no improvement?
Your fee is 1% of the improvement. If there’s little or none, you owe little or none—your retainer is refunded accordingly.
Can you coordinate with my current advisors?
Yes. Our process is collaborative and client-first.
How long does it take?
Typically 30 days across three meetings.
Is this investment or tax advice?
It’s an educational planning engagement; we coordinate with your tax/legal professionals.
Compliance Statement
Velomon provides retirement income planning education and strategy coordination. This material is educational and not tax, legal, or investment advice. Results vary and are not guaranteed. Roth conversions and optimization strategies have tax implications; consult your professional advisors.