On today's episode of Ready for Retirement, we're going to help Graham understand what he needs to do to prepare for retirement in the next four to five years.

He has questions around whether he should continue max nine as 401K, how his investment should start to change, and what he should begin doing with savings accounts today to best prepare for his retirement.

Let's jump right into his question.

This is another episode of Ready for Retirement.

I'm your host, James Kanole, and I'm here to teach you how to get the most of the

life with your money.

And now, on to the episode.

Graham sent in a question and he said this.

I recently found your podcast, and my wife and I are learning so much.

We're both in our early 50s, and we're looking to retire in the next

four to five years. We're currently working full time bringing in and around $320,000 per year combined.

We both maxed at our 401k and invest in additional $40,000 per year that we put into a couple of index funds

within a brokerage account along with a smaller amount to our savings. We rent and we do not have any debt and we don't have

any kids. Our portfolio is as follows. $400,000 between our 401ks, $220,000 in IRAs from previous

401k rollovers, $95,000 in a Roth IRA, $1.5 million in a joint brokerage account, and $20,000 in the high-yield savings. The brokerage account has a tech-heavy focus with $1.5 million in a joint brokerage account and $20,000 in high-yield savings. The brokerage account

has a tech-heavy focus with one stock comprising 60% of our portfolio. Starting this year,

we took about 15% of the position as a capital gain, and we invested it into an index fund

at another firm. With our retirement age, we're planning to use our brokerage account,

optimizing tax gain harvesting along with a bit of Roth conversions to live on until we're able to pull from other sources. We're thinking of leaving Social Security until age 65.

We are budgeting $100,000 per year for retirement expenses plus an additional $20,000 per year

for travel, plus $18,000 for health care.

We do plan to continue to move out of our single position, our concentrated position over the next

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