Is 2 million dollars enough to retire at 55? Retiring at 55 is not just about the number. There are other things to consider, like where your money is located. You will need to bridge the gap between 55 and 59 1/2. IRA's and Roth IRA's carry a penalty for early access before 59 1/2. That's why I am a big believer in the three buckets: Tax Free, Tax Deferred and Taxable. Other things to consider is health insurance, when to take social security and debt going into retirement. In this video I give an example of 2 couples both age 55, both with 2 million and both wanting the same amount in retirement. Yet the outcomes are very different!!!!
More videos about retirement at 55:
▶Are you ready for retirement? [ Ссылка ]
▶Retire at 55 with the rule of 55 [ Ссылка ]
▶8 mistakes to avoid in retirement [ Ссылка ]
▶Retirement income strategies [ Ссылка ]
Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
[ Ссылка ]...
For more resources: 👉 [ Ссылка ]
📝 Get your Free Retirement Plan checkup
[ Ссылка ]
To schedule a complimentary consultation with me: 👉 [ Ссылка ]
I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.
I trust the information you receive through these videos
proves helpful with your personal financial situation!
Website: www.wfa-nc.com
Facebook: [ Ссылка ]...
Linkedin: [ Ссылка ]...
I am looking forward to seeing you achieve your financial goals!
Ещё видео!