Financial Planning for Retirement in Your 50s

A listener in their low 50s and their physician wife, considering retirement and financial planning, sought advice from the podcast. With a comfortable income, their house already paid off, and kids with college savings, they have substantial retirement accounts totaling around $2 million. The couple plans to transition to financial independence around 55-57, aiming for an income of about $10,000 per month. Discussion on the importance of strategic financial planning and potential growth of retirement funds for a secure future.