143 - How Much Do I Need to Retire?
An episode of the Real Personal Finance podcast, hosted by Scott Frank and James Conole, titled "143 - How Much Do I Need to Retire?" was published on March 16, 2022 and runs 20 minutes.
March 16, 2022 ·20m · Real Personal Finance
Summary
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 Cap...
Episode Description
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
Scott
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