Retirement Strategy at 55 with $1.5 Million. Can I Retire?

[@Maxrotor1]

I think your growth assumptions are too conservative. Why would someone pay a financial advisor 1% for a 5% return? You could easily beat this with a conservative dividend portfolio.

[@Imsosmrt1999]

Yeah, if they actually sold it for what it is it would be “I take 20% of your expected 5% return, but if you make -10%, I still get my cut”.

[@jjred233]

That's always been the question about advisors. You could beat 5% easy without an advisor. The Roth conversions are somewhat dumb since you don't know what the tax code will be in the future. Its all emotion without deep thinking.

[@mikekalz6099]

If I make it to 91 and I run out of money...Great!......No need for all this cash when you are in your upper 80's. Leave No money behind is a goal for myself.

[@LifeBeautifulMess]

The challenge is you need a lot for end of life care and that is an unknown. I have elderly parents with no money. I can tell you without money, you release control of your life to someone else.

[@roberthoeke3603]

Underestimating health insurance in my opinion.

[@scottwilbanks9888]

So this is another old post reposted drew. So did Jerry retire this year? Also with all the changes in the past 2 years since doing this would you change anything if you were sitting down with him now?

[@MotorjockMike]

Great information. In your scenario, is the Roth holding account another Roth account for the Roth conversions or is it a regular (non IRA) investment account? Thanks.

[@tcafan]

If he retires at 55 why can't he use the Rule of 55 rather than the "freedom fund"?

[@scottwilbanks9888]

He doesn’t have employers 401k. Self employed Ira is not eligible.