You may not have as much in your retirement accounts as you think. Money Not Math 45.
Are you aware of how the SECURE Act is affecting your retirement and legacy planning?
Are you confident your retirement accounts will provide enough income for you in retirement without running out?
Did you know there are other and sometimes more efficient ways to create income in retirement than standard 401k type retirement accounts?
Note, according to Vanguard’s retirement nest egg calculator, a 6% withdrawal rate from your 401k will only have about a 49% of lasting 30 years, about 62% of lasting 25 years, and 79% of lasting 20 years. Are you comfortable with those odds of running out of money in retirement?
YouTube: https://youtu.be/-C6ULbb4bQc
https://www.marketwatch.com/story/you-may-not-have-as-much-in-your-401k-for-retirement-as-you-think-2020-02-03
https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf