Reaching your 60s with a $3 million nest egg is an incredible milestone! It's the time when you start pondering your retirement and how to ensure financial security during this exciting phase of life.

🏡 Calculate Your Retirement Expenses 🏡
Begin by estimating your future living expenses, including housing, healthcare, transportation, entertainment, and travel. Inflation is a key consideration, so create a comprehensive budget to set realistic spending expectations.

💰 Housing Costs 💰
Don't forget to account for property taxes, insurance premiums, maintenance, and potential home upgrades if you're a homeowner.

🏥 Healthcare Expenses 🏥
As you age, healthcare costs tend to rise. Plan for premiums, copays, and supplemental insurance for peace of mind during leisure and travel.

✈️ Hobbies and Travel ✈️
Retirement is the perfect time to explore your interests and travel. Allocate a budget for hobbies, vacations, and leisure activities.

🌟 Sources of Retirement Income 🌟
Social Security, pensions, and your investment portfolio are sources of retirement income. Maximize your Social Security benefits and understand your pension terms.

📈 Investment Portfolio and Withdrawal Strategy 📈
Analyze your asset allocation, expected returns, and withdrawal strategy. The 4% Rule is a guideline for withdrawals, but tailor it to your unique circumstances with a financial advisor's guidance.

🕰️ Longevity and Tax Efficiency 🕰️
Plan for a retirement that could last decades and manage tax liabilities efficiently. Diversify your accounts, including traditional and Roth IRAs, to reduce the tax burden.

Being 60 with a $3 million nest egg is a solid financial foundation for retirement. Calculate your expenses, assess income sources, and ensure financial flexibility. Regularly review your plan to maintain a comfortable and secure retirement.

If you'd like personalized insights, reach out to me. I'm here to help you make the most of your retirement years.

👉 Download our guides on maximizing Social Security benefits and lowering your tax bill in retirement, crafted from nearly two decades of retirement income planning experience. They're here to assist you on your financial journey: [ Ссылка ]

➡️ Every Tuesday at 6:30 p.m. PT, we host our Saving Money On Taxes In Retirement Webinar.

➡️ Register here: [ Ссылка ]

Thanks for tuning in! 🌴 #RetirementPlanning #FinancialSecurity #SeasideWealthManagement

TIMESTAMPS
00:00 Intro
00:52 Calculate Living Expenses
01:19 Housing
01:32 Healthcare Expenses
01:46 Travel/Hobbies/Leisure
02:01 Sources of Income in Retirement
02:26 Your Investment Portfolio
02:45 The 4% Rule
03:25 More on Health Care
03:47 Diversify
04:10 Monitor Spending and Adjust
04:28 Consider Tax Efficiency
05:22 Outro

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