I’m 67 With $2.5 Million Can I Live On $100k in Retirement

Inspired by a Yahoo Finance article, Alex examines whether a couple with $2.5 million in savings and $40,000 in Social Security benefits can realistically live on $100,000 per year in retirement.
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✍ SHOW NOTES & RESOURCES ✍
- Show notes: onedegreeadvisors.com/2023/11...
- Yahoo Article: finance.yahoo.com/news/were-6...
- Genworth Website: www.genworth.com/aging-and-yo...
- Video: Is Long-Term Care Insurance Worth The Cost? (2023): • Is Long-Term Care Insu...
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This does not constitute an investment recommendation. Investing involves risk. Past performance is no guarantee of future results. Consult your financial advisor for what is appropriate for you.
Disclosures: onedegreeadvisors.com/solutio...
0:00 - Intro of Yahoo Finance article case study
2:13 -Base facts of article
3:03 - Plan projections
4:00 - Investments with interest projections
5:10 - Investments with 6% average return projections
7:00 - Present value when considering inflation
7:55 - Health care cost risk
8:30 - Genworth cost of care
10:24 - What if they spent more?
11:30 - The power of financial planning

[@billcox199]

How about 2.5 million in an Ira with rmd's ?

[@Maxrotor1]

I stopped the video when you said no growth. You lost credibility with me. You should start with a 7 to 8 percent return.

[@onedegreeadvisors]

That was already covered in the video - Alex

[@Maxrotor1]

@onedegreeadvisors My point is there is no scenario where they would run out if money due to zero growth. I am ok starting off conservative, but if a financial planner gave me this scenario as a worst-case scenario, I would immediately walk out.