Ep. 55 - Retire-in-Mint Condition Part 2

Retirement isn’t just about reaching a certain age — it’s about having the means and the plan to retire with confidence.In Part 2 of our Retire-In-Mint Condition series on Your Bread & Butter™, we break down the true cost of retirement, what expenses may decrease, what tends to increase, and how to think through the big question:👉 “When can I retire?”We also walk through the major retirement milestones (59½, 62, 65, 66–67), and how to build a smart retirement income strategy using both fixed and flexible income sources—while staying as tax efficient as possible.✅ What may get cheaper in retirement (debt payments, commuting, taxes, clothing)✅ What may get more expensive (healthcare, Medicare, out-of-pocket costs, home repairs, inflation)✅ Retirement milestones by age:• 59½ – Qualified retirement account distributions• 62 – Social Security eligibility• 65 – Medicare• 66–67 – Full Social Security✅ The FIRE movement (Financial Independence, Retire Early)✅ How to generate retirement income:• Fixed sources: Social Security, pensions, annuities• Flexible sources: 401(k)s, IRAs, Roth accounts, brokerage accounts, cash✅ Staying tax efficient: knowing what income to pull—and whenSummary:✔ Have the resources (no do-overs)✔ Have a vision✔ Create a plan🌐 Learn more: www.privatefinancialdesign.com🎙 Subscribe to Your Bread & Butter™ wherever you get your podcasts.