Ready to retire at 57? How can you access your 401k principal, and how long will it last?  Watch this video to learn all about Social Security timing, early withdrawal penalties, and income strategies exceeding conventional wisdom. I’ll address the significance of sequence of returns risk and its impact on portfolio longevity, navigating scenarios of both optimal and adverse market conditions. It’s important to also think about tax and health care planning when making financial decisions as well. You’ll gain the insights you need to make more informed choices towards financial security throughout your retirement.

Jump right in:
00:00 Introduction to Retirement Planning
00:20 Understanding Life Expectancy and Social Security
01:53 Dynamic Income Planning Beyond the 4% Rule
03:41 Simulating Retirement Scenarios: A Thousand Trials 
05:14 Sequence of Returns Risk: Navigating Market Volatility
07:24 Impact of Social Security Timing on Portfolio Longevity
10:11 Analyzing the Effects of Social Security Election Age
12:31 Stress Testing Retirement Spending Levels
14:42 Tax Planning Considerations in Retirement
19:25 Healthcare Planning and Final Retirement Insights

#401kwithdrawal #earlyretirement #retirementplanning

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Disclaimer:
This video discusses fixedincome investing and utilizes the 10year U.S. treasury as a general representative fixedincome investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixedincome assets. Other types of fixedincome products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.

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The Investopedia 100 celebrates independent financial advisors who are making significant contributions to critical conversations about financial literacy, investing strategies, lifestage planning and wealth management. With more than 100,000 independent financial advisors in the U.S., the Investopedia 100 spotlights the country’s most engaged, influential, and educational advisors. Troy Sharpe received this award in 2023.