I Have $2 Million, I'm 56 And Want To Retire Now...

Описание: In this episode, we dive into a real-world retirement planning scenario for "Monica Geller," a single professional with over $2 million in investable assets at age 56. We explore whether Monica can retire now while maintaining her current lifestyle, and break down her financial blueprint—including her assets, spending habits, and upcoming college expenses for her children.

Key topics covered:

Assessing retirement readiness with $2M+ in assets

Managing monthly spending and planning for inflation

The impact of mortgage rates and college expenses on retirement

Withdrawal rates and Monte Carlo simulations for retirement success

The "smile" retirement spending strategy

How increasing spending affects retirement probability

Advanced tax planning: Roth conversions, equity allocation, and withdrawal sequencing

Strategies to minimize lifetime tax liability and maximize after-tax wealth

Action Items:

Discuss tax planning strategies to mitigate lifetime tax liability

Provide a detailed analysis and recommendations for Monica’s retirement plan

Schedule a follow-up meeting to review and adjust the plan as needed

If you want to see how these principles can be applied to your own financial life, visit erwealth.com to book a call with our team.

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