Retirement Income Strategy for 56 Year Old with $1,800,000 💸 & Wanting To Start A Small Business 🏢 episode artwork

EPISODE · Apr 27, 2022 · 18 MIN

Retirement Income Strategy for 56 Year Old with $1,800,000 💸 & Wanting To Start A Small Business 🏢

from Your Financial EKG™ | Retirement Planning | Investment and Wealth Management | Financial Planning · host Drew Blackston, Certified Retirement Counselor® Registered Financial Consultant®

Retirement Income Strategy for 56 Year Old with $1,800,000 💸 & Wanting To Start A Small Business 🏢 In this podcast, I want to look at a scenario for a 56 and 52 year old couple asking the question, Can I Retire with $1,800,000 in Retirement savings and retirement investments? Not only do they want to retire, but they want to retire and start a small business. We need to analyze their current retirement investments and retirement income and ask a few questions:   1. Where will our retirement income come from?  2. How long can we use our retirement investments for retirement income before running low on retirement savings?  3. How much in monthly retirement income will we need? Can this be adjusted?  4. When will the small business start paying out income?  5. Will taxes be a factor in this retirement scenario? **Free Retirement Download: The Roadmap to Retirement:** https://yourfinancialekg.com/#download **To schedule your virtual retirement and investment consultation with Drew,  please select a day & time that works best for you: https://calendly.com/pearlwealthgroup/discoverycall ** **Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. Please call me at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.**

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Retirement Income Strategy for 56 Year Old with $1,800,000 💸 & Wanting To Start A Small Business 🏢

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