If you've dreamed of retiring early and you have a pension and $1 million or more saved, then early retirement could be a reality for you. In this episode of Joe Knows Retirement, Joe shares a client case study where he shows how much value a pension has and how much money you might expect to have in retirement if you have a similar pension and savings. He also discusses other considerations for retiring early like how much you choose to withdraw from you investments and how to give your money purpose in retirement.
Timestamps: 00:00 Intro 00:53 Are you part of the 2% Club? 01:36 The value of a pension 02:57 How much do you need to retire? 06:07 What should your withdrawal rate be? 10:52 How can you give your money purpose? 15:26 How can you take advantage of Roth conversions? 16:44 How much or how little risk do you want to take on?
Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is a Securities and Exchange Commission registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.
