03.16.2022 - By Scott Frank and James Conole
Scott and James discuss how much you need to retire. Listener Question I'm 55 years old and currently employed with $1.1 million in 401k, $150,000.00 in annuity fund. Upon retiring I will also have a pension with medical, dental & optical coverage. My yearly income is $120,000 & I’m looking to retire at 60 years old. In your opinions does retiring comfortably in 5 years look reasonable? Planning Points Discussed Retirement Planning Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamps: 3:29 - Listener Info 6:06 - Living Expenses Today 8:37 - Retirement Expenses 11:20 - Social Security 13:30 - Financial Freedom 16:05 - Tax Planning Opportunities 18:17 - Withdrawal Rates LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here