How To Retire At 60: COMPLETE GUIDE & CASE STUDY!

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!
#retirement #retirementplanning #dohstr8
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[Jazzwealth]

Thanks for watching! Hope you found this video helpful. If you have topics that you'd like to see covered, please drop them below! :)

[jjjjjjkkkfft]

This is exactly what I needed! Which of these has the biggest impact for someone in a high tax bracket?

[CharlotteNoah]

"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."

[patrickjones]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[Rogerederer-br]

The cost of goods and services tends to rise over time. Inflation can erode the purchasing power of your retirement savings, making it harder to maintain your lifestyle.

[AjayAjaykoli-fu]

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.

[AdnanhasbiENG]

Thanks for the share ... Very practical

[rolandosouffrain]

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 🎉🎉🎉

[kenhart]

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

[brucesmith]

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.

[Nickulous]

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.

[andrewroth]

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

[Retiree]

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.

[Mc.flyyy]

Key is to be debt free this includes a paidnoff dwelling. After that you can actually live on very little.