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

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Scott

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