🎙️ What Does Retirement Income with $500,000 in an IRA or 401k + Social Security Look Like? Money Not Math 162

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Retirement Planning - Money Not Math

Drew Erickson

193 episodes

5 days ago

I love to help people have more confidence in their financial future. My mission is to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to 100 active clients or less at all times that I have a fiduciary responsibility to. If you are interested in scheduling a 15-minute call to ask questions and determine if it might make sense for us to work together, please use this link to do so at your convenience, https://form.jotform.com/240425716309151 My core Values are Family, Faith, Finances, Fitness, Friends and Fun.

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🎙️ What Does Retirement Income with $500,000 in an IRA or 401k + Social Security Look Like? Money Not Math 162

Retirement Planning - Money Not Math

19 minutes 31 seconds

3 weeks ago

🎙️ What Does Retirement Income with $500,000 in an IRA or 401k + Social Security Look Like? Money Not Math 162

In this episode, I walk through a hypothetical retirement scenario for a couple with:

💼 $500,000 in an IRA

📄 Two average Social Security incomes of $1,883/month each

We explore:

🔍 How different asset allocations may influence income sustainability

📊 The impact of Social Security timing strategies

💡 Tax considerations that affect net retirement income

🧭 Spending approaches that align with long-term retirement goals

📲 Tune in to learn how informed decisions can support confident retirement living.

Thank you for taking the time to watch or listen to today’s Money Not Math episode. If you found it valuable, please:

🔁 Share it with a friend

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💬 Comment with a question or thought

Or, if you’d prefer to connect privately or schedule a meeting, feel free to reach out directly.

📌 Disclaimer: This content is for educational purposes only and is not legal, tax, or investment advice. Always consult a qualified professional regarding your personal situation.

Average social security income information for a 67-year-old was according to google. Those numbers vary depending on your situation and the source of the information.

#MoneyNotMath #RetirementEducation #FinancialLiteracy #SocialSecurity #IRAPlanning #TaxStrategy #FinancialAdvisor #EmptyNesters #RetireConfidently