Planning to retire at 60? Here's a full guide covering everything you should know from income planning, social security, and of course a case study! We'll go through a retirement plan for somebody planning to retire at 60.
0:00 – 1:02 Planning to retire at 60?
1:03 – 4:24 Financial Considerations
4:25 – 6:00 Psychological Impact
6:01 – 10:15 Retirement plan Case Study!
10:16 – 10:37 Outro: Have topics?
Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started, learn how to make informed financial decisions for a prosperous future. Subscribe for more!
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Thanks for watching! Hope you found this video helpful. If you have topics that you’d like to see covered, please drop them below! 🙂
Thank you Eric great advice. Maybe a video on ways to shield your saving from government using it against you when applying for there insurance.
Thanks Bruce! Sounds like something we can try to cover. Thanks for your input!
Always learn something thank you.
Love to hear that! Thanks for watching!
I am on track to retire at 58. All my money 💰 is in Roth. 401k and I.R.A. 🎉🎉🎉and will have a paid off townhouse 🎉🎉🎉
Nicely done!! Way to do your planning and buckle down. Congrats!!
You probably know this already, but you can pull from your 401k from 58 to 59.5 to live off of without 10% penalty as long as you leave the 401k company at the age of 55+. So don’t move that to an IRA while you are under 59.5 in case you need to pull from it.
Retirement planning can be quite overwhelming, especially when it comes to choosing the right investment options.
I am still working because our healthcare is $15K a year. We give billions to Ukraine and our own citizens shoulder the burden of healthcare. I am 60 by the way.
Do one at age 50 Eric! 💪💪💪 Thank you!
Meant 55
We can do both! Thanks for your input and thanks for watching! 💪
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar’s perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i’m in dire need of proper portfolio allocation
Just research the name Angela Lynn Schilling. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I’m quite impressed. I’ve contacted her as I could use all the help I can get. A call has been scheduled.
Suggest you deep dive into ACA tax credit threasholds. It’s an error to advise healthcare is a review bucket and withdrawal strategy is another separate bucket. Healthcare is a withdrawal consideration when you are under 65, not a separate strategy. Plan $50k taxable withdrawal, then individual account or even Roth after that to keep your healthcare costs at the max tax credit. Once they are 65 you can go back to normal withdrawal strategies. I retired at 58 and only record $50k in income per year which keeps my health insurance for a family of 3 to less than $150 per month. I am also a cancer patient with $100k+ annual health expenses that are all covered.
Talk about what total percentages of retirement accounts are Roth. And what percentage of retirement accounts are Roth millionaires. Just curious, because a million pretax isn’t really a millionaire
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring…managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks… I’m especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
Linda Wilburn program is widely available online.
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.
With a pension, FERS supplement, va healthcare, and low or no debt there shouldn’t be a problem. Lot can change in short time though. Plan is great but gotta be open to new information as the time to choose gets closer
Key is to be debt free this includes a paidnoff dwelling. After that you can actually live on very little.
You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.