Do I need a Roth Conversion? How long will I live? Will I run out of money? What if I die before my spouse, will they be ok? These are some of the questions we look at in this case study of a couple in their 60's with $1 million. We take a look at how much they can expect to spend in retirement. We'll also take a look at some of the things that might go wrong while in retirement. 00:00 Introduction 01:06 The “Light Bulb” Moment 02:38 Parameters 03:30 Income Plan 05:54 Inflation and Your Income Plan 07:10 Social Security 08:29 Monte Carlo Simulation 10:43 Sequence of Returns Risk 11:19 Roth Conversions 12:14 Biden Tax Legislation Livestream 13:27 Required Minimum Distributions 15:06 Identifying the Shortfall 17:46 Social Security Income Analysis 21:05 Play Zone 27:53 Your Portfolios and Time 28:27 Contact Us and Subscribe #incomeplanning #retirementplanning #retirementincome #retirewith1million #retirementat60 Working with a CFP® professional can be an impor
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)