Retire at 65 with $1,000,000 in Retirement Savings? Plus, 3 things that could wreck it all!

In This Video:

So you’ve saved up $1 million and you plan to retire at age 65. You should be good, right? Well, things could go really smoothly or your retirement could go completely wrong if your retirement plan has been mismanaged.

Things to Consider:

In this video, Scott will share three things that could wreck your retirement and walk you through how it could happen using a hypothetical case with a couple who are in this situation. We’ll take you through their financial plan and how much they can spend in retirement, but also show you how these three things could completely ruin their $1 million portfolio they’ve worked so hard to save.

 

Here’s some of what we discuss in this episode:

0:00 – Intro

0:54 – Let’s begin the hypothetical

9:59 – Cash flow

12:59 – Projections

17:28 – 1st issue: Underestimating your expected expenses

21:09 – 2nd issue: Mismanaging your investment portfolio

25:35 – 3rd issue: Failing to plan for long-term care

 

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