Can I Retire with $2.4 Million at Age 58? - Episode 45

Описание: You asked, and we listened. In this episode of Coffee with Your Retirement Coach, we tackle one of the most common questions we get: "I’m 58 and have $2.4 million saved. Can I retire?" But as you'll hear, it’s not just about the number on the page. We dive deep into what that figure could mean for your income, lifestyle, taxes, healthcare, and overall retirement vision.

Join us as we break down the math behind the 4% rule and explore the often-overlooked factors that make or break a retirement plan—things like purpose, timing, Social Security strategy, and where and how you want to live. Plus, we share a real-life success story of a couple who made their beachside retirement dreams a reality.

*Timeline Summary*

[0:06] - The $2.4 million question: Can I retire at 58?

[1:25] - Why cash flow isn't the whole picture (think taxes and purpose)

[2:38] - What a 4% withdrawal rate means for your retirement income

[5:03] - Taking Social Security early: a controversial yet practical option

[6:35] - Bridging the healthcare gap before Medicare kicks in

[9:38] - The missing piece: lifestyle planning and location-based costs

[13:08] - Real-life case: high-end travel vs. smart budgeting trade-offs

[14:52] - Tax planning strategies to keep more of what you've earned

[16:48] - The power of a retirement coach and building your dream team

[18:08] - Client success story: from $2.4M to sunset strolls by the beach

*Final Thoughts*

Retiring at 58 with $2.4 million? It's possible—but your success depends on your income needs, healthcare planning, tax strategy, and what kind of life you want to lead. If this episode hit close to home, subscribe, share it with a friend, and leave us a review. And as always, stay coachable!

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🛑 Disclaimer:
Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.