When will you run out of money if you take £50,000 a year from a £1m pot, and how can you make it last longer? I demonstrate this using easy to understand cash flow modelling software. TIMESTAMPS: 0:00 Start 1:12 How Long Will £1m Last On £50k A Year? 3:30 Flexi-Access Drawdown vs Lump Sum Withdrawal 4:20 How You Can Make Money Last Longer In Retirement 6:35 Working Out How To Make Money Last For Life 🚀🚀 HOW TO MAKE MONEY LAST LONGER IN RETIREMENT 🚀🚀 If you want to know how to make money last longer in retirement, or you've asked 'when will my money run out?'... this is essential viewing for you. 🤔 👁👁 In this video I explain how to retire with 1 million pounds on £50,000 income for life in the most tax efficient way. 💸💸💸 I demonstrate: ✅ How inflation affects investments, and how you can increase your income every year without running out too soon. ✅ How tax affects investments ✅ How to avoid tax in retirement This is done with the help of my Voy
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 :)