Financial Independence Retire Early Age 55 $1.2MM financial independence retire early

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In this video we will explore if a couple in their 50’s will be able to achieve financial independence and retire early by age 55.. Subscribe to our channel …

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Financial Independence Retire Early Age 55 $1.2MM

Financial Independence Retire Early Age 55 $1.2MM

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Financial Independence Retire Early Age 55 $1.2MM
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9 comments

Bri I 26/09/2021 - 3:33 Sáng

I don't know how people are able to live on only $30K/year. I've paid off my home and I still need at least $45K/year. My hat is off to those of you able to do it.

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Marty M 26/09/2021 - 3:33 Sáng

I think couple waiting to time the mkt correction to invest is unwise instead dollar-cost-average.

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CHristopher Allen 26/09/2021 - 3:33 Sáng

I think all of you are smoking crack. They don't have nearly enough to retire at 55. Taxes, insurance, and medical are more than 30% of their income. Another 35% drawdown like covid would have them both working at Walmart. They need to work until at least 62 to have any chance to make it 25 years.

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danitzm 26/09/2021 - 3:33 Sáng

Shouldn’t the wife start collecting her social security early and switch over to spousal benefit when husband turns 67 and she is 69.

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Rob 26/09/2021 - 3:33 Sáng

Would being able to take advantage of the "Rule of 55" in the Roth 401k account change the order of withdrawal at all?

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billyrayband 26/09/2021 - 3:33 Sáng

He is not a medium to aggressive investor and it will be difficult to get back into market like they should have been all along. His wife will receive 1/2 of his social security via spousal benefit doubling her amount. But given their savings, pension and social security they are good to go at 55. Being frugal they should be able to keep income low and qualify for large ACA subsidy for healthcare. If they can do this, they can wait till 65 (medicare starts) to also start social security. Use up IRA funds first when your income will be lower (no pension or social) and taxes will be minimal.

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Frank Ornelaz 26/09/2021 - 3:33 Sáng

The hard part after retirement for most couples is not the money it’s putting up with each other. I see today bill Gates is getting a divorce after 27 year.

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Chess Dad 26/09/2021 - 3:33 Sáng

They seem to be in exceptional financial situation. House paid off and a seven digit portfolio. If they can’t do it, who can? My only question on the SSA benefits are the numbers calculated impacted by not working from 55-62? When I look at the SSA website, I “think” it says the projected benefit amounts assume working until the retirement age and earning a decent income until then.

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Wisdom Investor 26/09/2021 - 3:33 Sáng

Do you think age 55 is too early to retire?

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