Early Retirement Planning: is 62 the right time to retire? What’s the impact of turning on Social Security benefits sooner rather than later? Let’s dive in and look at allocation strategies for when you have $750,000 saved for retirement, along with tax planning and other scenarios you need to consider to help guide you through the decision-making process. We’ll consider the role of inflation in the long-term planning perspective, concerns and possible solutions for market fluctuations, and valuable insights when you’re trying to figure out how to retire early and the best age to take Social Security.
🏃🏻 Jump right in: 00:22 The Decision Dilemma: When to Retire and Activate Social Security 00:50 Understanding Social Security: A Critical Element in Retirement Planning 02:42 Step by Step Process: Account Allocation, Income, and Tax Planning 04:17 Inflation, Longevity, and the Probability of Success 07:29 Strategic Timing: Impact of Social Security Deferral 09:50 The Million-Dollar Decision: Social Security and Lifetime Income 11:14 Navigating Risks: Bad Timing, Market Downturns, and Psychological Impact
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Disclaimer: This video discusses fixed-income investing and utilizes the 10-year U.S. treasury as a general representative fixed-income investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixed-income assets. Other types of fixed-income products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.
