Your Money, Your Wealth

← Your Money, Your Wealth11 aug · 45 min

He Has $10M and Can't Spend It. Here's Why. - 594

He Has $10M and Can't Spend It. Here's Why. - 59411 aug45 min

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Today on Your Money, Your Wealth® podcast number 594, Joe Anderson, CFP® and Big Al Clopine, CPA spitball retirement planning for high net worth couples: Gary in Pennsylvania is 54 with $10 million, and get this, he still can't decide whether he can walk away or if he needs to grind out a few more years. What is up with that? But before we get to Gary, Frida and Diego are 54 and 52 in California with $5.3 million, itching to start their go-go years. Can they both retire right now? And is $200,000 a year of spending pushing it? Stanley and Stella in New York have a pension decision to make. Choosing the wrong option could leave one of them exposed for life.

Free Financial Resources in This Episode:

https://bit.ly/ymyw-594 (full show notes & episode transcript)

9th Annual YMYW Podcast Survey (password ymyw):

https://www.surveymonkey.com/r/ymywpodcast2026

Withdrawal Strategy Guide - free download:

https://purefinancial.com/white-papers/withdrawal-strategy-guide/?utm_source=captivate&utm_medium=podcast&utm_campaign=whitepaper-withdrawal-strategy-guide&utm_content=ymyw-pod-ep594-description-whitepaper

Retirement Spending: How Much is Too Much? - YMYW TV:

https://purefinancial.com/ymyw/episodes/retirement-spending-how-much-is-too-much/?utm_source=captivate&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep594-description-tv-s12e02

Financial Blueprint (free, self-guided):