Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/
-

Is “wait until 70” always best? Not for every Gen Xer. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down 3 smart reasons Gen X might want to claim Social Security at 62 - and when it doesn’t make sense. You’ll see how early benefits can protect your portfolio, reduce stress, and align income with the life you actually want to live.

This isn’t about chasing a perfect number. It’s about aligning your life and your money - so you can live your wealth, your way.

-
What You’ll Learn in This Video
✅ The 3 smart reasons to consider claiming at 62
✅ Why break-even age isn’t the only metric that matters
✅ How early Social Security can reduce sequence-of-returns risk and smooth withdrawals
✅ A simple spouse strategy: lower earner early, higher earner later for a stronger survivor benefit
✅ Key guardrails if you’re still working (Earnings Test), plus taxes on benefits and basic IRMAA timing awareness
✅ How to fit Social Security into an overall retirement income plan (Roth, brokerage, IRA/RMDs)
-

Who Is This Video For?
📌 Those weighing early retirement or partial work
📌 Couples coordinating benefits and survivor income
📌 DIY investors who want a clear, values-first income plan
📌 Professionals seeking flexibility, not one-size-fits-all rules

-
Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/

Subscribe For Weekly, Data-Driven Retirement Strategies👇
YouTube:  @DrPrestonCherry  
-

Key Words linking To This Topic:
Social Security at 62, should I take Social Security early, Gen X retirement planning, Social Security claiming strategy, retirement income planning, break-even age Social Security, guaranteed retirement income, claim Social Security early, IRMAA basics, sequence of returns risk, survivor benefits strategy, RMD planning, Roth vs pre-tax withdrawals, Gen X retirement

#SocialSecurity #GenX #RetirementPlanning #SocialSecurityAt62 #ClaimEarly #GenXRetirement #RetirementIncome #BreakEvenAge #SpousalBenefits #SurvivorBenefits #IRMAA #RMDPlanning #TaxSmartRetirement #SequenceRisk #RothVsPreTax #RetireOnYourTerms #GuaranteedIncome #MedicarePlanning #SSA #InflationAdjustedIncome #RetireConfident #RetirementStrategy #FinancialFreedom #WealthInTheKeyOfLife #MoneyMindset

Want a clear answer on retiring at 50 vs 60 with $1.5M? Book a free retirement readiness call 👉 https://www.concurrentfp.com/
-

Is $1.5M enough? In this data-driven case study, Dr. Preston Cherry (Financial Planning Ph.D., Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down two real scenarios: retiring at 50 and at 60 - using realistic spending, taxes, and market assumptions. You’ll see how sequence-of-returns risk, Social Security timing, and a Guardrails-based withdrawal plan can turn a shaky “number” into a confident strategy.

This isn’t about chasing someone else’s blueprint. It’s about aligning your life and your money - so you can live your wealth, your way.

-
What You’ll Learn in This Video
✅ $1.5M at 50 vs 60: which is a green light - and which needs guardrails
✅ How sequence-of-returns risk can make or break early retirement
✅ The Retirement Guardrails method: set a safe range, track, and adjust (without panic)
✅ When to pull back 10 - 15% - and when to lean in after strong returns
✅ Social Security timing trade-offs (62 vs later) and how it buffers the plan
✅ Why comparison is the real trap - and how to design an aligned retirement
-

Who Is This Video For?
📌 Ages 45 - 65 deciding between retiring now vs waiting a few years
📌 Couples targeting $1M - $2M+ and spending roughly $80K - $150K/yr
📌 DIY investors who want a simple, rules-based withdrawal plan
📌 Professionals who value clarity, flexibility, and purpose-driven planning

-
Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/

Subscribe For Weekly Data-Driven Retirement Strategies👇
YouTube: @lifemoneybalance
-

Key Words linking To This Topic:
retire at 50 with 1.5 million, retire at 60 with 1.5 million, can I retire with 1.5m, $1.5m retirement case study, retire at 50 vs 60, early retirement 50, early retirement 60, retirement guardrails, sequence of returns risk, safe withdrawal rate, 4% rule, social security timing, retirement income planning, drawdown strategy, gen x retirement, retirement spending $100k, portfolio withdrawal strategy, can you retire with 1.5 million, retire early case study, financial independence

#RetirementPlanning #EarlyRetirement #RetireAt50 #RetireAt60 #FinancialIndependence #RetirementIncome #SequenceRisk #SocialSecurity #WealthPlanning #RetirementCaseStudy #MoneyTips

In this conversation, Dr. Preston Cherry breaks down a side of retirement most people overlook: the emotional shift. It’s not just about saving enough—it’s about preparing for a whole new identity and way of living. He shares a framework that helps you rethink retirement with tools like identity checks, relationship mapping, and time design. The goal? A life that feels as good as it looks on paper.

Takeaways:
• Confidence Gap: Gen X isn’t feeling ready
• It’s an Identity Shift: Not just a savings goal
• First Year Feels: Expect emotional ups and downs
• Purpose Matters: Plan more than just finances
• Rethink Daily Life: Design your post-retirement days

00:00 Intro
00:47 The Importance of Emotional Preparation for Retirement
01:52 The Retirement Life Readiness Framework
03:00 Designing Your Next Chapter on Purpose

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Gen X’s Biggest Money Regrets—And How to Fix Them

Dr. Preston Cherry opens up about the top financial regrets Gen X faces—from late retirement saving to piling on debt. The good news? It’s not too late to turn things around.

In this eye-opening conversation, Dr. Cherry shares how Gen Xers can shift from regret to resilience with simple mindset changes and a values-based wealth plan. Whether it’s saving more, cutting debt, or protecting your legacy—small steps today can lead to big changes tomorrow.

Takeaways:
• Start saving early
• Tackle your debt
• Plan for you, not just kids
• Protect your legacy
• Get expert help

00:00 Intro
00:41 Understanding Gen X's Financial Regrets
02:09 The 4R Framework
04:38 Final Thoughts

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Inheriting a Home Shouldn’t Be This Hard…

In this episode, Dr. Preston Cherry breaks down why so many families run into legal trouble when passing down their home—and how a Transfer on Death Deed (TODD) can make things much easier.

Takeaways:
• Avoid probate delays
• Keep control while alive
• Name your home’s heir
• Protect emotional legacy
• Pair with a trust

00:00 Intro
00:58 The Importance of Transfer on Death Deeds
01:25 Steps to Implement a TOD Deed
03:01 Limitations and Considerations
04:29 Final Thoughts

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

In this episode, Dr. Cherry offers thoughtful guidance on navigating the recent rise in Bitcoin’s price. While market excitement is understandable, he reminds us that disciplined investing is not about reacting to headlines—it’s about following a well-crafted financial plan.

Takeaways:
• Don’t chase hype
• Know your crypto types
• Core first, crypto later
• Plan before you invest
• Taxes still apply

00:00 Intro
00:52 Bitcoin's New High and Market Reactions
01:41 Understanding Crypto Categories
02:32 Investment Strategies for Crypto
03:58 Balancing Crypto in Your Portfolio

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services: 
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry: 
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry explains how to take advantage of the new rules that could save you 20% on qualified income every year and unlock up to $10 million in tax-free gains when you sell or exit your business. From avoiding costly timing mistakes to structuring smart early, Dr. Cherry breaks down what it really means to build a tax-smart runway.

Takeaways:
• 20% income deduction
• $10M+ capital gains = 0% tax
• QBI = annual savings
• QSBS = tax-free exit
• Timing = everything

00:00 Intro
01:00 Tax Strategies Simplified
04:51 Optimizing QBI and QSBS Strategies
06:23 Empower Your Growth Journey

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Are Premium Credit Cards Still Worth It?

In this episode, Dr. Preston Cherry breaks down the truth behind those flashy, high-fee credit cards like the Amex Platinum and Chase Sapphire Reserve. Are the perks really that valuable—or are you just paying for status? From overcrowded lounges to scattered benefits, Dr. Cherry reveals what you really need to know before swiping that premium card.

He urges listeners to take a closer look at how they’re using their cards, whether the rewards actually match their lifestyle, and how to avoid the trap of chasing points instead of building a smart spending plan.

Takeaways:
• Perks often overhyped
• Lounges = crowded chaos
• Spending must be intentional
• Points ≠ a good plan
• Audit your usage

00:00 Intro
00:53 Understanding Premium Card Perks
02:41 The Reality of Lounge Access
03:59 Intentional Spending Strategies
06:43 Personal Audit for Credit Card Use

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Dr. Preston Cherry explains why many Gen Xers are caught off guard when they find out—yes, your Social Security can be taxed. Up to 85% of your benefits could be taxable if your income crosses certain thresholds—thresholds that haven’t kept up with inflation. If you've saved diligently or have extra income from side gigs or investments, you could be looking at a smaller Social Security check than expected. The surprise? It’s all perfectly legal—and avoidable with the right planning.

Takeaways:
• Taxed Social Security
• IRMAA surprise fees
• RMDs raise taxes
• Two-year income lag
• Plan withdrawals smart

00:00 Intro
01:00 Social Security Isn’t Tax-Free
02:26 IRMAA and RMDs
04:43 What to Do Instead
05:56 Final Thoughts

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

Should You Claim Social Security at 62?

Dr. Preston Cherry challenges the idea that you have to wait until 70 to claim Social Security. For Gen Xers juggling aging parents and kids, claiming at 62 could offer more than just a check—it could bring peace of mind, flexibility, and better use of your money now. The key? Making the choice that fits your life, not someone else's rule of thumb.

Takeaways:
• More Flexibility Now
• Less Portfolio Stress
• Smart Tax Moves
• Fits Gen X Life
• Your Goals Matter

00:00 Intro
00:59 Should You Really Wait Until 70?
03:52 Claiming Early as a Tax Strategy
06:11 The Trap of Default Advice
07:14 Final Thoughts

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/