Retiring with $2.5 Million. How Much Can I Spend?

Written By Michael Custer

๐Œ๐š๐ง๐ฒ ๐ซ๐ž๐ญ๐ข๐ซ๐ž๐ž๐ฌ ๐ฐ๐จ๐ซ๐ซ๐ฒ ๐š๐›๐จ๐ฎ๐ญ ๐ซ๐ฎ๐ง๐ง๐ข๐ง๐  ๐จ๐ฎ๐ญ ๐จ๐Ÿ ๐ฆ๐จ๐ง๐ž๐ฒ, ๐›๐ฎ๐ญ ๐ฌ๐ฆ๐š๐ซ๐ญ ๐ฉ๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐ฆ๐š๐ฒ ๐ž๐š๐ฌ๐ž ๐ญ๐ก๐จ๐ฌ๐ž ๐Ÿ๐ž๐š๐ซ๐ฌ ๐š๐ง๐ ๐ฅ๐ž๐š๐ ๐ญ๐จ ๐ฆ๐จ๐ซ๐ž ๐œ๐จ๐ง๐Ÿ๐ข๐๐ž๐ง๐ญ ๐๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ ๐ฌ๐ฉ๐ž๐ง๐๐ข๐ง๐  ๐ฆ๐จ๐ซ๐ž ๐ข๐ง ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐ž๐ญ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ ๐ฒ๐ž๐š๐ซ๐ฌ!

In this video, we discuss the emotional and strategic side of retirement spending. From understanding how much we can spend with $2.5 million to evaluating large purchases.

๐Ÿ“Œ ๐–๐ก๐š๐ญ ๐ฐ๐ž ๐œ๐จ๐ฏ๐ž๐ซ:

โ€ข Why a 100% simulation of success in retirement spending isn't typically needed and could lead to not spending enough!

โ€ข Tax implications that often quietly erode retirees income โ€ข How to plan for both expected and surprise expenses โ€ข The role of travel, leisure, and lifestyle in your retirement budget

โ€ข Why adjusting your spending strategy can lead to better outcomes

โ€ข How income flows from different sources affect your plan

โ€ข When prepaying taxes might make sense for you

โ€ข Evaluating big-ticket items with clarity and purpose

Retirement isnโ€™t just about savingโ€”itโ€™s about spending wisely, with intention and flexibility.

Michael Custer

Michael graduated from Hope College where he played Quarterback for the football team. Now, he focuses on tax strategies, helping W-2 employees and small business owners with implementing tax strategies, learning their choices with old work retirement plans, and Roth IRAs. He has a passion for building a relationship with his clients. Understanding why money matters to you is important to him. He firmly believes that finances can be a powerful tool for your life goals.

Michael is a CERTIFIED FINANCIAL PLANNERโ„ข (CFP®) and also holds his Series 7, Series 66, Series 24. and SIE registrations with LPL Financial as well as his Life, Health, Property and Casualty insurance licenses.

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