Reported 4 months ago
In this article, financial advisor Brandon Renfro discusses a reader's plan to retire early by moving from expensive New York City to Florida. The reader, 54, has a solid financial position with $1.4 million in a 457(b) plan, $515,000 in investments, and various other sources of income. Renfro suggests that the reader's withdrawal plan is conservative, and relocating to Florida with a lower cost of living and no state income taxes can potentially make early retirement feasible. Renfro provides insights on budgeting, potential expenses, and income tax considerations, emphasizing the importance of consulting a financial advisor to ensure a successful retirement plan.
Source: YAHOO