You asked, and we listened. In this episode of Coffee with Your Retirement Coach, we tackle one of the most common questions we get: "I’m 58 and have $2.4 million saved. Can I retire?" But as you'll hear, it’s not just about the number on the page. We dive deep into what that figure could mean for your income, lifestyle, taxes, healthcare, and overall retirement vision.

Join us as we break down the math behind the 4% rule and explore the often-overlooked factors that make or break a retirement plan—things like purpose, timing, Social Security strategy, and where and how you want to live. Plus, we share a real-life success story of a couple who made their beachside retirement dreams a reality.

**Timeline Summary**

[0:06] - The $2.4 million question: Can I retire at 58?

[1:25] - Why cash flow isn't the whole picture (think taxes and purpose)

[2:38] - What a 4% withdrawal rate means for your retirement income

[5:03] - Taking Social Security early: a controversial yet practical option

[6:35] - Bridging the healthcare gap before Medicare kicks in

[9:38] - The missing piece: lifestyle planning and location-based costs

[13:08] - Real-life case: high-end travel vs. smart budgeting trade-offs

[14:52] - Tax planning strategies to keep more of what you've earned

[16:48] - The power of a retirement coach and building your dream team

[18:08] - Client success story: from $2.4M to sunset strolls by the beach

**Final Thoughts**

Retiring at 58 with $2.4 million? It's possible—but your success depends on your income needs, healthcare planning, tax strategy, and what kind of life you want to lead. If this episode hit close to home, subscribe, share it with a friend, and leave us a review. And as always, stay coachable!

📬 Questions?

Email: [connect@yourretirementcoach.com](mailto:connect@yourretirementcoach.com)

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

What would you do if your company sold, your stock was cashed out, and you suddenly found yourself with $5 million in hand? In this episode, Nic and I dive into the reality of experiencing a once-in-a-lifetime windfall and all the opportunities — and challenges — that come with it.

We explore the first critical steps you need to take before making big financial decisions, from understanding the tax implications to planning for long-term income and security. Whether you’re dreaming of retiring tomorrow or just trying to figure out what Uncle Sam’s cut will be, this conversation will give you a grounded perspective on how to approach sudden wealth wisely.

Timeline Summary

[0:45] – Setting the stage: your company sells, your stock cashes out, and a $5M windfall arrives

[3:22] – Why this might be the biggest financial event of your life

[6:18] – The first place to start: navigating taxes before spending

[9:40] – Real-world examples: from tech startups to natural food brands

[12:55] – Breaking down what a $5M payout can actually mean for your future income

[16:10] – Retirement readiness: could you really stop working today?

[20:45] – Building a strategy to make wealth last a lifetime

Links & Resources

Learn more at [https://YourRetirementCoach.com](https://yourretirementcoach.com/)

Connect with Nic on LinkedIn: https://www.linkedin.com/in/nicyeomans/

Schedule a consultation: https://www.yourretirementcoach.com/free-consultation

If you enjoyed this episode, please rate, follow, and leave a review. It really helps spread the word so more listeners can find Coffee with Your Retirement Coach!

📬 Questions?

Email: [connect@yourretirementcoach.com](mailto:connect@yourretirementcoach.com)

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

You’ve done it—you hit your retirement number. 🎉 Now what? In this episode, Nic and I walk through how to shift from saving to spending with intention: building a paycheck from your portfolio, deciding when (and how) to use Roth dollars, and coordinating taxes and healthcare so you don’t accidentally create avoidable costs.

We also talk through a real-world success story and the four biggest takeaways I want you to leave with—without spoiling the details. If you’re wondering how to turn a lifetime of saving into a confident, sustainable retirement income plan, press play.

## **Episode Highlights**

- [0:36] Welcome back + why “I hit my number” is actually the beginning of a new plan

- [3:10] The framework: from accumulation to a deliberate income strategy (paycheck, taxes, timing)

- [5:21] The hidden gotcha: healthcare costs and Medicare IRMAA—and why they belong in your income plan

- [6:58] Get your team aligned: coordinating with your CPA and other pros before you push the big buttons

- [7:35] Funding big purchases (cars, travel, home projects) without derailing the plan

- [12:17] A client case study: building Roth strength early to create flexibility later (and calm around RMDs at 73)

- [14:13] The four takeaways I don’t want you to miss

## **Links & Resources**

- Request your worksheet or ask a question: **connect@yourretirementcoach.com**

- Topics mentioned: Roth conversions, Required Minimum Distributions (RMDs at age 73), Medicare IRMAA considerations

If you enjoyed this conversation, please **follow, rate, and review** the podcast—and share this episode with a friend who just hit their number. Thanks for listening and for being coachable!

📬 Questions?

Email: connect@yourretirementcoach.com

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.