Can You Retire at 65 and Spend $5k/mo | Retirement Income Planning

Thinking about retiring at 65 with a $300,000 portfolio and $3,500/month in Social Security benefits? This video breaks down the key areas that you need to address when planning for retirement. From income gaps to withdrawal strategies, we walk through what you should be thinking about if you want to retire.

🧭 What You’ll Learn in This Video:
1. Calculate Your Retirement Income Gap – How much more do you need beyond Social Security, and how can you cover the shortfall?
2. Can You Afford Your Desired Retirement Lifestyle? – Will your Social Security benefit and portfolio income support your desired retirement expenses?
3. Understand Withdrawal Rates – How to calculate your portfolio withdrawal rate (and where to withdraw from).
4. Build an Investment Strategy – Learn how to divide your portfolio into cash, defensive, and growth buckets and how to think about risk and volatility.
5. Plan for Taxes – From asset allocation and location to Roth conversions, tax-loss harvesting, and tax-gain harvesting

💡 This isn’t just about whether $300k is “enough.” It’s about aligning your income, investment strategy, and taxes to support the lifestyle you want in retirement. In this video, you'll learn the same planning framework we use.

======================

👉 Create Your Free Retirement Plan:
https://www.carothersrockwell.com/pla...

======================

🗓️ Want personalized guidance?
👉 Schedule a 1-on-1 Strategy Call:
https://www.carothersrockwell.com/#Co...
🔔 Subscribe for updates:
   / @zachcarothers  

🤝 Connect With Zach:
LinkedIn:
  / zachcarothers  
Facebook:
  / 61560844877926  
Instagram:
  / planwithzach  
X (Twitter):
https://x.com/advisorzach

======================

⏱️ Timestamps:
00:00 – Can You Retire at 65 with $300k and Social Security?
00:10 – Income Sources: Social Security + $300k Portfolio
01:10 – Retirement Expenses & Spending
01:27 – Understand Your Income Gap (And How to Manage It)
02:00 – Calculating Your Withdrawal Rate (And How to Align it With Your Portfolio)
03:05 – Investment Strategy (Asset Allocation & Asset Location)
04:03 – How We Are Invested to Align With Our Withdrawal Order
06:19 – Why We Use the Traditional Withdrawal Strategy (Taxable Accounts, Tax-Deferred Accounts, and Tax-Free Accounts)
07:05 – Tax-Loss Harvesting - What is it?
07:17 – Tax-Gain Harvesting - What is it?
07:32 – Roth Conversions - What is it?
08:38 – The 6 Key Areas to Plan for in Retirement (   • 6 Key Areas You Must Address Before You Re...  ) (08:42 link in video)
10:28 – Closing & Thank You