He Has $10M and Can't Spend It. Here's Why. - 594

**Schedule a Free Financial Assessment with an experienced professional:** https://bit.ly/YMYWassessC Today on Your Money, Your Wealth® podcast number 594, Joe Anderson, CFP® and Big Al Clopine, CPA spitball retirement planning for high net worth couples: Gary in Pennsylvania is 54 with $10 million, and get this, he still can't decide whether he can walk away or if he needs to grind out a few more years. What is up with that? But before we get to Gary, Frida and Diego are 54 and 52 in California with $5.3 million, itching to start their go-go years. Can they both retire right now? And is $200,000 a year of spending pushing it? Stanley and Stella in New York have a pension decision to make. Choosing the wrong option could leave one of them exposed for life. **Free Financial Resources in This Episode:** **https://bit.ly/ymyw-594 (full show notes & episode transcript)** **9th Annual YMYW Podcast Survey** (password ymyw): https://www.surveymonkey.com/r/ymywpodcast2026 **Withdrawal Strategy Guide - free download:** https://purefinancial.com/white-papers/withdrawal-strategy-guide/?utm\_source=captivate&utm\_medium=podcast&utm\_campaign=whitepaper-withdrawal-strategy-guide&utm\_content=ymyw-pod-ep594-description-whitepaper **Retirement Spending: How Much is Too Much? - YMYW TV:** https://purefinancial.com/ymyw/episodes/retirement-spending-how-much-is-too-much/?utm\_source=captivate&utm\_medium=podcast&utm\_campaign=ymyw-tv&utm\_content=ymyw-pod-ep594-description-tv-s12e02 **Financial Blueprint *(free, self-guided):*** https://bit.ly/YMYWblueprintC **REQUEST your Retirement Spitball Analysis:** https://bit.ly/YMYWaskC **DOWNLOAD more free guides:** https://bit.ly/YMYWguidesC **READ financial blogs:** https://bit.ly/YMYWblogC **WATCH educational videos:** https://bit.ly/YMYWvidsC **SUBSCRIBE to the YMYW Newsletter:** https://bit.ly/YMYWnewsletterC **Connect With Us:** **Subscribe on YouTube and join the conversation in the comments:** https://bit.ly/YMYW-YT **Subscribe or follow YMYW in your favorite podcast app:** https://lnk.to/ymyw **Leave your honest reviews and ratings in Apple Podcasts:** https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254 **Chapters:** 00:00 - Intro: This Week on the YMYW Podcast 00:56 - 54 and 52 with $5.3M. Can We Both Retire Now? (Frida & Diego, CA) 18:13 - Which Pension Option Protects Us Both? (Stanley & Stella, NY) 30:23 - Should We Retire at 54 with $10 Million? (Gary, PA) 40:51 - Outro: Next Week on the YMYW Podcast 42:14 - The Derails: Frida & Diego, Tesla, Kir Royale, Streetcar and Brando, Joe's pool remodel