Retirement on $625K: A Real-World Case Study (109)

In this episode I'll walk you through a detailed retirement case study for David (73) and Tammy (65) who have $625,000 in retirement savings plus a $180,000 business stake to sell, examining if they can retire comfortably with these assets. • Will their combined SS benefits of approximately $61,000 annually cover their basic annual expenses? • Monte Carlo simulation shows an 81-83% probability of retirement plan success, even with a $30,000 European trip and $50,000 home repairs—will that work? • Taking SS at 65 instead of 70, what's the impact? • Will the plan remain viable even if markets perform below average for the next 30 years? • Long-term care expenses represent the biggest threat, dropping their success probability • Will their modest retirement savings support a comfortable retirement with proper planning? • Inflation needs to be factored in If you're curious about your own financial plan or how to turn your nest egg into a reliable retirement paycheck, reach out to us at Paradigm Wealth Partners. We provide full-service investment management and financial planning to help you be confident in your retirement. ▶️ Access this episode on YouTube to see all of the planning and details 🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly ↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/ 🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/ 🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/ ▶️ YouTube: Paradigm Wealth Partners If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. Thanks for Listening! Jonathan

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