Income Over Wealth

Eight retirement decisions with real deadlines, most of which close before 65, and why 55 is when they are all still open

Show Notes

Workers say they will stop at 65. The people who have actually retired stopped at 62, and 46% of them went earlier than they had planned. This episode walks through the 8 decisions that come due in the years before that date and what each one costs if you meet it late. At 55, every one of them is still open.

  • Why rolling a 401(k) into an IRA on the way out can permanently cost you penalty-free access to it
  • How the tax return you file in the year you turn 63 sets your first Medicare premium
  • What the research says separates retirees who feel comfortable from the ones who don't

Take the free Retirement Income Roadmap (7 questions, about 30 seconds): incomeoverwealth.com/map

Watch this episode on YouTube: https://www.youtube.com/watch?v=TEfjxxsSVCU

This episode is educational and focused on strategy and math. Always consult a qualified tax or financial professional before making personal financial decisions.

What is Income Over Wealth?

Retirement is an income problem, not a net-worth problem. Dan Wilson is a real estate investor, not a financial advisor. He buys and rents houses in Ohio, funds them with private money instead of bank loans, and built enough income from real estate to leave the Air Force. Twice a week, in about fifteen minutes, he works out how to replace a paycheck in retirement: where monthly income actually comes from, what each source costs you in risk, and how private lending works, including what to demand from any borrower. Every episode is also a video on YouTube. Free tools, the weekly letter, and every episode's notes are at https://incomeoverwealth.com. Educational only. Not financial, legal, tax, or investment advice, and not an offer or solicitation of any investment.