Happily Ever After in Retirement?

Cinderella and her Prince Charming have a nest egg of $2.3 million and are hoping for retirement income of up to $150K/year. When can they afford to retire? How should they coordinate paying for some big purchases, paying off debt, and collecting Social Security benefits as they plan for retirement? While Joe Anderson, CFP® and Big Al Clopine, CPA each take some much-needed vacation time, YMYW producer Andi Last enlists the help of senior financial advisor Jack Dugan, CFP®, from Joe and Big Al's team of experienced professionals at Pure Financial Advisors in San Diego, to spitball on whether Cindi and her prince can live "happily ever after" on YMYW Extra number 3. Free financial resources and transcript: bit.ly/ymywe-3
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Timestamps:
00:00 - Intro
02:28 - Cinderella and Prince Charming's Cars, Drinks & Pets
03:38 - How Much Retirement Income Can They Realistically Expect?
14:05 - How to Pay Off Major Purchases?
15:35 - Other Retirement Savings Strategies
Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
MSBA - The Master of Science in Business Administration (MSBA) degree is earned after successfully completing a bachelor’s degree from an accredited institution. A person holding this degree has pursued further study in an area of specialization (i.e. financial and tax planning). The typical length of time to complete the program is 1 to 2 years for full-time students.

[@YourMoneyYourWealth]

Retirement Income Strategies Guide - free download: purefinancial.com/white-papers/retirement-income-strategies/?.com&YMYWE-3 Keep comments civil, respectful, and non-spammy to see them published.

[@mg.1680]

I like his straightforward opinion! I’m in a similar situation!

[@YourMoneyYourWealth]

I hope this was helpful MG!

[@davidfolts5893]

Thanks for all the great content, Your Money, Your Wealth; I like the expansion of knowledgeable folks.

[@YourMoneyYourWealth]

Jack is a smart fella! Thanks for listening David!

[@davidfolts5893]

@@YourMoneyYourWealth My pleasure, indeed.😀