5 • 706 Ratings
🗓️ 20 June 2023
⏱️ 29 minutes
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0:00.0 | planning your retirement is daunting regardless of how old you are but for people who are planning |
0:06.6 | to retire early it can be exponentially more scary and while there's dozens of different planning |
0:11.6 | points you need to consider before you retire early the most important is ensuring that you |
0:16.5 | have a sustainable income stream that will last the rest of your life in today's episode we're going to take a look at a case study of someone who's looking to |
0:23.3 | retire early so you can understand what framework to apply and best approach this with your own |
0:28.3 | situation. |
0:31.6 | This is another episode of Ready for Retirement. |
0:34.1 | I'm your host, James Cannell, and I'm here to teach you how to get the most of life |
0:37.3 | with your money. And now, on to the episode. A lot of times when you're looking for |
0:45.6 | guidance for things like, how do I retire, or how do I invest, or what should I do, |
0:49.7 | it can be helpful to see, you know, like, here's five tips to do this, or here's three |
0:53.7 | things to consider. But a lot of times, looking at an actual case study, someone else's specific |
0:58.7 | example I find is most helpful because even though your details aren't going to line up perfectly |
1:03.2 | with theirs, you can start to see the little nuances that come into play, and those are what's |
1:08.1 | most important for you as you understand how this applies to you. |
1:11.5 | So today we have a question. This question comes from Tanner, and we're going to use Tanner's |
1:15.3 | question as a case study to help unpack this question of how can you prepare to create a |
1:20.4 | reliable stream of income if you're going to retire early. So Tanner says this. He says, |
1:25.3 | I really appreciate your content and I've been listening since you started. |
1:28.3 | I like the mindset of educating everyone on personal finance and the depth of your answers. |
1:32.5 | My question is, if you think we can step away from work when I hit my number. |
1:36.2 | My goal would be to leave full-time work at the age of 50 and have my wife and I only work part-time |
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