In this episode of Ask the Experts with Wisconsin Capital Management, Shawn is joined by chartered financial analyst Tom Plumb to tackle one of the most common questions in personal finance: how do you know when you can actually afford to retire?
Tom walks through the key factors that go into building a realistic retirement plan—from understanding your true expenses and life expectancy to navigating the complexities of Social Security, pensions, IRAs, and tax strategy. He also challenges the idea that a million dollars is enough, sharing recent data on what people actually consider financial security today and why the answer may surprise you.
Listeners will learn:
• Why the definition of "rich" has shifted—and what it means for your retirement target
• How to use the four percent rule as a starting point for sustainable withdrawals
• The trade-offs involved in when to start taking Social Security
• Why pensions, IRAs, Roth IRAs, and 401(k)s each require their own strategy
• How real estate equity may—or may not—factor into your retirement picture
• Why it's never too early to start planning, and what to do first
Whether you're a few years out from retirement or just starting to think about it, this episode offers a grounded, practical look at what it really takes to retire with confidence.
Visit: https://www.wiscap.com/
Schedule a consultation to get started today.
Show Notes