In this Episode, Adam Olson discusses the feasibility of retiring at 60 with $750,000 saved. Olson walks viewers through the income potential from a $750,000 portfolio using the 4% rule, healthcare considerations before Medicare kicks in, smart withdrawal strategies, and his nine-step Work Freedom framework.
He emphasizes the importance of a phased retirement, investment allocation for different life stages (go-go years, slow-go years, and no-go years), and strategies to reduce taxes through Roth conversions and potential reverse mortgages.
The video concludes with tips on social security timing, healthcare planning, and the necessity of continuous monitoring and adaptability in a retirement plan.
00:00 Introduction: Can You Retire at 60 with $750,000?
01:06 Understanding Your Income Potential
01:35 Navigating Early Retirement Challenges
03:02 Smart Withdrawal Strategies
04:17 Bridging the Gap to Early Retirement
05:04 Investment Strategies for Different Retirement Phases
08:04 Tax Strategies to Maximize Your Retirement Income
09:35 Key Decision Points: Social Security and Healthcare
11:12 The Complete Work Freedom Framework
14:37 Conclusion: Building Your Work Freedom Timeline
Disclosure:All investing involves risk, including the possible loss of principal. Past performance does not guarantee future results. Contact a tax advisor for tax advice specific to your situation.
