I’m 60 with $2M How Much Can I Spend in Retirement? скачать в хорошем качестве

I’m 60 with $2M How Much Can I Spend in Retirement?

A $2 million portfolio at age 60 might seem like a solid foundation for retirement, but financial readiness requires detailed planning. Joe and Jackie are nearing retirement with a net worth of $2.4 million, including $1.8 million in investments and two properties. Their goals include $8,000 in monthly expenses, healthcare costs, property upkeep, and $25,000 annually for travel during early retirement. James' analysis highlights challenges like bridging income gaps before Social Security at 67 and ensuring sustainable withdrawal rates. With initial withdrawal rates exceeding 7% and a low probability of financial success, adjustments are necessary. Strategies include working longer, cutting expenses, or using property assets to cover unforeseen costs like long-term care. The case underscores the importance of trade-offs, aligning spending with actual retirement patterns, and managing withdrawals to extend portfolio life. Even small changes, like working an extra year or modest spending reductions, can significantly improve retirement outcomes. These principles offer valuable guidance for anyone planning their financial future. ======================= Work with us → https://www.rootfinancial.com/start-h... Check out our Root Financial Youtube Channel →    / @root_financial   Get access to the retirement software I use and more → https://retirement-planning-academy.m... _ _ ⏱Timestamps:⏱ 0:00 - Meet Joe and Jackie 2:59 - Income now and later 4:35 - Retirement cash flows 7:31 - Travel, healthcare, and taxes 9:42 - Withdrawal rate 12:50 - Explore other options 15:52 - If Joe worked longer 17:57 - Building options 19:58 - Retirement spending smile 21:36 - Understand tradeoffs -- Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation. The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal. Comments reflect the views of individual users and do not necessarily represent the views of Root Financial. They are not verified, may not be accurate, and should not be considered testimonials or endorsements. Participation in the Retirement Planning Academy or Early Retirement Academy does not create an advisory relationship with Root Financial. These programs are educational in nature and are not a substitute for personalized financial advice. Advisory services are offered only under a written agreement with Root Financial.