Description

Download your Retirement Readiness Checklist here: https://moneyrxforcrnasnewslettersignup.kit.com/4764a9941d

How much money do you really need to retire as a CRNA? If you've got savings but still feel uncertain about when you can safely stop working, this episode is for you.

Brett explores:

• The three retirement spending levels every CRNA needs to understand (survival, comfortable, and premium)
• Why retiring at 55 versus 65 can mean a $1.75 million difference in required savings
• The asset location strategy that could save you $300,000 in retirement costs
• The healthcare gap problem and how to bridge the 10 years before Medicare
• The Rule of 55 versus the 59½ penalty wall
• A systematic approach to calculate your true spending needs and portfolio requirements
• The tax trap of massive Required Minimum Distributions and how to avoid it
• Tax-diversified withdrawal strategies including the 0% capital gains bracket
• Realistic retirement ranges for CRNAs at different spending levels

Whether you're sitting on $800,000 or $2.1 million, you'll see why the amount you've saved might not be the real issue and what you should focus on instead.

#CRNAs #RetirementPlanning #FinancialFreedom #HealthcareProfessionals

Key Timestamps:

(0:47) How much money do I really need to retire?

(1:49) The reality of CRNA career demands and early retirement

(2:53) The three retirement spending levels

(4:22) Retirement numbers for $\$10,000$ per month after taxes

(5:27) The asset location strategy most CRNAs miss

(6:08) The healthcare gap problem before Medicare

(6:33) The Rule of 55 vs. the 59-and-a-half penalty wall

(7:48) Systematic approach: Calculate your true spending and portfolio needs

(9:48) The tax issue and massive Required Minimum Distributions (RMDs)

(10:50) Tax-diversified withdrawal strategy (0% capital gains bracket)

(12:09) Realistic retirement ranges for CRNAs

(13:48) The goal: Accumulate enough money to retire on your terms

For more information and resources related to this episode, please visit the show notes.