Ready to retire at 57? How can you access your 401k principal, and how long will it last? Watch this video to learn all about Social Security timing, early withdrawal penalties, and income strategies exceeding conventional wisdom. I’ll address the significance of sequence of returns risk and its impact on portfolio longevity, navigating scenarios of both optimal and adverse market conditions. It’s important to also think about tax and health care planning when making financial decisions as well. You’ll gain the insights you need to make more informed choices towards financial security throughout your retirement.
🏃🏻 Jump right in: 00:00 Introduction to Retirement Planning 00:20 Understanding Life Expectancy and Social Security 01:53 Dynamic Income Planning Beyond the 4% Rule 03:41 Simulating Retirement Scenarios: A Thousand Trials 05:14 Sequence of Returns Risk: Navigating Market Volatility 07:24 Impact of Social Security Timing on Portfolio Longevity 10:11 Analyzing the Effects of Social Security Election Age 12:31 Stress Testing Retirement Spending Levels 14:42 Tax Planning Considerations in Retirement 19:25 Healthcare Planning and Final Retirement Insights
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💭 Have questions or specific scenarios you'd like us to explore in future videos? Leave a comment below, and we may feature it in an upcoming episode. Your feedback is invaluable to us!
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.
