Timothy Sumer

Recent research shows that many people see 60 being the ideal age to retire. So how have those who retired at age 60 achieve that goal and what can we learn? Here we uncover the reasons for 60 being an ideal age to retire early and how to go about achieving that target retirement age. ***Related content*** Pension Income Planning Series: Retirement Income Planning: No Savings at 40: No Savings at 50: State Pension Age going up or down?: InvestEngine - Open an account today: Open a SIPP: ***Support This Channel*** Buy Me A Coffee: ***LINKS*** The Richest Man in Babylon: Retirement Planning Expert 2021/22: Your Retirement Salary: ***EQUIPMENT USED*** Camera: Nikon D3200 DSLR: Lens: Nikon DX AF-S NIKKOR 35mm 1:1.8 G: Camera light: Neewer CN-216: Microphone: Boya Lavalier BY-M1: Tripod: Tairoad T1-111: Camera batteries: Neewer compatible with Nikon D3200: Lighting batteries: Neewer: Memory Card: Sandisk Extreme Pro 128GB: Tubebuddy: Canva - use this li

Can I Retire at 55 with $400,000 in Retirement Savings? What about taxes? retirement planning is a crucial aspect of our financial journey, and in this video, we delve into the question many individuals ask themselves: Is it feasible to retire at 55 with $400,000 in retirement savings? We address this query from various angles, taking into account factors such as retirement lifestyle choices, retirement goals, and the impact of taxes on your retirement savings. Join us as we break down the numbers, analyze different retirement scenarios, and provide you with valuable insights to help you make an informed decision for your retirement. We'll discuss the potential challenges and opportunities of retiring early with a relatively modest retirement fund, including the importance of retirement budgeting, retirement investment strategies, and managing retirement expenses during your retirement years. Moreover, we'll shed light on the often-overlooked aspect of taxes