We Have $1.9 Million & Retiring In 3 Years, How Much Can We Spend?

Retire Ready with Kyle Hammerschmidt

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Summary
In this episode, Kolin and Kyle walk through a retirement income plan for a couple who are planning to retire in the next few years. They discuss the couple's income levels, assets, and spending capabilities. They also explore different strategies for maximizing social security, tax planning, and investment planning. The episode emphasizes the importance of spending more early in retirement and optimizing tax smart planning. The hosts also highlight the need to address sequence of returns risk and create a comprehensive retirement plan.
Takeaways

• A retirement income plan should consider income levels, assets, and spending capabilities.
• Maximizing social security, tax planning, and investment planning are important aspects of retirement planning.
• Spending more early in retirement and optimizing tax smart planning can lead to a more comfortable retirement.
• Addressing sequence of returns risk is crucial to ensure the success of a retirement plan.
• Creating a comprehensive retirement plan involves considering all aspects of financial planning.

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Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.