Can I retire in my 40s is a question I receive a lot.
In this video I’m going to share a scenario from a guy who emailed me his stuff and wondered if I thought he was able to hang up his boots at 48.
From a birds eye view one might think he’s good to go. After all, no debt, a net worth of over $1 million and not huge income needs.
BUT…you’ll see in this video, there are issues, mainly TAXES! You can’t just look at retirement income without considering the taxes you have to pay.
So, if you need $4k a month from your portfolio, which is entirely an IRA, you may want to account for $4500 or so monthly distributions to account for state and federal taxes.