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Retiring early sounds great, but is it financially possible? In this episode, Michael Neuenschwander, CPA, CFP®, walks through a real-life scenario: a couple with $1 million saved asking if they can retire at 61. He outlines how Social Security timing, income needs, medical expenses, and long-term care considerations all factor into the decision. Key Insights: Income needs and spending habits drive the timeline more than savings alone Social Security timing can impact both spouses Medical insurance gaps before Medicare eligibility add pressure Long-term care planning is essential, especially without extra income sources For specific questions about your retirement income or tax strategy, consider scheduling a conversation with a qualified advisor. This video is for informational purposes only and should not be considered tax or legal advice. Consult a qualified professional regarding your unique situation. Contact Us: Outlook Wealth Advisors Phone: (281) 872-1515 Email: [email protected] Website: www.outlookwealth.com To Book a Free Consultation: www.outlookwealth.com/book-a-consultation #RetirementPlanning #EarlyRetirement #SocialSecurityTiming #MedicareGap #OutlookWealth #FinancialFreedom #EarlyRetirement #MillionDollarPortfolio #SocialSecurity #RetirementSavings #FinancialAdvisor #WealthManagement #RetireAt61 #MoneyMatters