Thanks so much to our recent listener who submitted their financial info for this next edition of the ‘Whiteboard Retirement Plan.’
This was a fun case to break down.
“Travis” is 58, “Taylor” is 54, and they are currently putting 3 children through college. They’ve managed to save a nice nest egg of approximately $5.5mm and it’s tax diversified quite nicely.
In this episode, I’ll break down my thoughts on:
- College planning and 529s
- Bridge to Social Security
- ‘COASTing’ to retirement
- Order of withdrawal
- Roth conversions and the RMD Tax Trap
- Spending/withdrawal rates
- Risk tolerance vs Risk Capacity
- Long-term Care Planning
- Financial Legacy
- And more!
Remember, we are just having fun with this! This is not advice, nor a solicitation for any specific action. I’ve never met with this couple, nor do I have the full details of their financial picture. However, I hope you all can take 1-2 things and learn something related to your OWN journey as you plan for retirement.
‘Travis and Taylor’ – thank you for participating and I hope that you find this video especially useful!
If you are interested in participating in a future edition of the “Whiteboard Retirement Plan,” make sure to submit your “Retirement Readiness Survey” in the links below. Please make sure to indicate somewhere in the survey that it’s for a Whiteboard Retirement Plan episode, as that’s the same link new clients fill out when they apply to work with us.
Also, make sure to follow the podcast on YouTube so you don’t miss out on my weekly “Whiteboard Fireside Chats” where I do a mini deep dive into a specific topic. There is a playlist in the channel that you can check out.
I hope you all enjoy it! And make sure to share my show with a friend or family member who is in the 50-60+ range and preparing for retirement.
Thanks for tuning in!
-Kevin
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Click this link to fill out our Retirement Readiness Survey
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