Can I Retire at 55 with $650,000 in Retirement Savings?!?
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- čas přidán 24. 03. 2024
- Can I Retire at 55 with $650,000 in Retirement Savings?!?
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Are you dreaming of an early retirement but unsure if it's feasible with your current retirement savings?
In this video, we dive deep into the question, "Can I Retire at 55 with $650,000 in Retirement Savings?"
Join us as we explore various retirement factors such as retirement lifestyle, retirement expenses, retirement investment strategies, and more to determine if early retirement is within reach with this amount of retirement savings.
Whether you're just starting your retirement planning journey or nearing your retirement age, this video offers valuable insights and practical retirement tips to help you make informed retirement decisions about your financial future.
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Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for "retirement planning at 30", "retirement planning at 40", "retirement planning at 50", or even "retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement.
Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to retire called "Your Financial EKG™." What we are trying to visualize is how long a persons retirement savings are going to last throughout retirement. If you are looking for early retirement planning tips or trying to saving for retirement in your 50's, You Financial EKG™ is a great tool to help you understand where you are retirement planning. Retirement planning and retirement income strategies shouldn't be complicated. They should just be done right.
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Pearl Wealth Group
Drew Blackston, CRC® & RFC®
Office: 813-807-5060
Info@pearlwealthgroup.com
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Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
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You have to consider social security is based on 35 highest earning years. When you receive your social security statement it assumes you continue to work. If you are retiring early you have to add 0 on the years to include 35 years which might lower your assumption on your social security benefit.
Yes, thank you!
Pretty soon you'll have people asking if they can retire at 30
That's the goal!
Omg. So funny! "Can I retire at 30 with $1"?! I'll watch that! 😅
Hey, if you can pull it off why not!!
You can just not off a retirement account lol
yes one can, just retire in the street
Thank you for this information. I’m crunching the numbers now
You got this!
I wish there was a company that still had pensions.
the fed's do, I have a nice one
The military
Most state gov'ts still offer pensions. Maryland state and county gov't offers pensions plus 401k and 457b. Education also offers a 403b.
Cops
Teachers
Firefighters
UPS
Utility workers
DPW
Auto workers
Nurses
Etc….
True Fast Eddy. Not many around anymore.
Great video. Go Rangers!!
Because life is expensive. Insurance costs money. Property taxes never go away.
Truth
This was awesome, appreciate the detail, would have liked to see how health care costs in the bridge years changed the output.
I feel ya on the minivan........go Dbacks
Thanks for watching!!
Go Phillies!!!
They will be tough again!
No no no...to reverse mortgage in this scenario. For goodness sakes. They won't need that much money at 90-95. The spending doesn't continue to ramp up with inflation. Stop analyzing things like this! It is WRONG. They should be able to live off ONLY social security.
Going through multiple scenarios and having various options isn't wrong, its called good planning
...wut
Math doesn’t lie. Reverse mortgage brokers do lie though. 😂
Waiting for a video from you on whether I can retire with 900k in savings at 48 years old. Need 32k a year to live abroad.
Love all your videos❤🎉❤
Sounds great!
If one is not planning on retiring before 59.5 do you need a brokerage account or is a Roth just fine?
If you have a 401k. There is what's called the rule of 55. You can take your 401k at 55 years old with no penalties. I know you have to leave your job, and you can only use the 401k from that job until 59 and half. I don't know much about it. It's something to read up on.
Here is a video explaing: czcams.com/video/dAjcxGga56E/video.html
I hope this one doesn't have a pension in the plan!!...LOL
😂
I've got plenty in the works that don't as well!!
Let’s go Os
No!! Go Rays!!
Beatles - Tell Me Why
Yes!
Chicago White Sox
It's going to be a tough year for the Sox I'm afraid
As long as the Cubs don’t win I’m happy
No.
Yes!
St. Louis Cardinals
Yes!
Can't wait to watch these kinds of videos in another 5 or 10 years and they stop having pensions in them.
LOL
I don't know why people just don't get a basic job of 20 hours a week or less that you can quit easily to travel, 00 stress 😮, and not touch your retirement. I'm going to do and sell Medicare part time. Let my money grow and grow and be there when I can't work at all. Especially if you're quitting work world before 70. I'm waiting until 70 to collect SS. Of course, I understand if you physically can't work at all or mentally can't
Makes a lot of sense!