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Can I Retire at 55 with $1,400,000? | Ultimate Retirement Planning Guide for Financial Freedom 

Drew Blackston, CRC®
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Can I Retire at 55 with $1,400,000? | Ultimate Retirement Planning Guide for Financial Freedom
*Free Retirement Download: The Checklist to Retirement:* 📊
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🌟 Dreaming of retiring at 55 and achieving financial freedom? In this comprehensive Retirement guide, we delve into the possibilities of retiring at 55 with Retirement Savings of $1,400,000! 🚀
🔍 Explore effective retirement planning strategies and Retirement investment tips that can pave the way for your early retirement goals. From understanding the intricacies of investing for retirement to crafting a solid retirement plan at 55, this Retirement video covers it all.
💰 Join us on a journey of Retirement empowerment as we break down the key elements of retirement planning at 55. Learn how to make the most of your Retirement savings, navigate potential Retirement challenges, and position yourself for a comfortable and fulfilling retirement.
📈 Investing for retirement plays a pivotal role in securing your financial future. Discover smart Retirement investment strategies tailored for those aiming to retire at 55, and gain insights into maximizing returns while managing Retirement risks.
🔐 Achieving financial freedom is not just a dream-it's a tangible goal! This video equips you with the knowledge and tools to make informed Retirement decisions, whether you're just starting your retirement planning at 55 or fine-tuning your existing strategy.
📌 Don't miss out on this invaluable resource for anyone aspiring to retire early and live life on their terms.
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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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**Visit our Website: pearlwealthgroup.com/ ** 🖥
**Connect with us on Facebook: / pearlwealthgroup ** 👍
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**More Retirement Information Here: pearlwealthgroup.com/blog/ ** 🧐
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❌ *Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. All videos are for informational and educational purposes only. None of the content, comments, responses, information, or any other item on this channel constitutes financial advice or recommendations. Please call Pearl Wealth Group at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.* ❌
Pearl Wealth Group
Drew Blackston, CRC® & RFC®
Office: 813-807-5060
Info@pearlwealthgroup.com
pearlwealthgroup.com/
Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
#retirementplanning #retirement #financialfreedom

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10 фев 2024

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Комментарии : 38   
@yourfinancialekg
@yourfinancialekg 5 месяцев назад
*Free Retirement Download: The Checklist to Retirement:* 📊 pearlwealthgroup.com/
@michaelsd284
@michaelsd284 4 месяца назад
I totally agree with you on the important of planning for tax impacts. Do not forget the IRMAA penalties when income goes above 103k. I would suggest he open and contribute to an HSA until he enrolls in Medicare. The HSA contributions will reduce his income (save on taxes) and he can use it to pay his Medigap or Medicare Advantage premiums (or other medical expenses, basically anything he keep receipts for once his HSA is set up). For planning I use it for premiums as its easier to predict expenses. I'd also recommend digging into his monthly expenses to see whats included. It is just basic living expenses (mortgage, utilities, groceries, etc) or does his plan include taking trips (luxury vs visit family on holidays) Kids Weddings? grandkids college fund, Roof replacement, Car replacement, expenses for fun in retirement like golf, hobbies, entertainments, etc? I suggest folks put everything into the monthly expense category so the money is account for each month. Then each month push those funds to an HYS and CDs until they need to be consumed as some might be consumed each year vs 5 years out. To often I see people leave this in their retirement buckets and then get surprised when they pull it out (major funds like wedding, roof replacement) and take a larger then expected loss of interest gains.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Great comment and contribution. Thanks for sharing!
@johngill2853
@johngill2853 5 месяцев назад
Did you see the proposal to fix Social Security? I know it won't pass but it's definitely not more tax in retirement
@yourfinancialekg
@yourfinancialekg 5 месяцев назад
Proposals mean nothing right now. Show me the money! 😂
@johngill2853
@johngill2853 5 месяцев назад
@@yourfinancialekg agree on this won't pass But I don't think taxes for average retirees will rise significantly.
@daissat
@daissat 5 месяцев назад
Why is SS not adjusted from age 53 to 62 ?
@yourfinancialekg
@yourfinancialekg 5 месяцев назад
Just me being conservative.
@Sky1
@Sky1 5 месяцев назад
DRew at around 37:00 in your video there is a hesitation. Might want to edit that out
@yourfinancialekg
@yourfinancialekg 5 месяцев назад
Thank you sir!
@Ali-kk1se
@Ali-kk1se 4 месяца назад
I am 47 y/o single and I would like to retire at age 52. I have very good job (salary-wise), but the stress is incredibly high to the point that is taking a toll on my health and that is the reason I would like to retire as soon as I am able to do so. I currently have 820K in my 401K, I have no debt, house and car are paid off. The plan would be to retire in Mexico where I just finished paying for a small piece of land, the plan is to continue working until I am 52 or until I am able to save enough money to build a small house in that piece land in Mexico and live off of the rent of the house I have in the USA. I calculated my potential expenses once I am in Mexico to be around 2000 a month, and that includes the property taxes and home insurance for both homes. I would like not to touch my 401K unless there is an emergency. Is this a crazy idea? I just cant wait to live a stress free life, but I do not know if this will be enough for me to retire. What are your thoughts on this?
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Sounds like an awesome plan. For a more in-depth analysis contact us at: pearlwealthgroup.com/contact/
@damis2372
@damis2372 3 месяца назад
Do you have money to live off from age 52 to age 59 1/2? If not, I recommend you work till the year you turn age 55. That way, you are able to withdrawal from you 401k without penalty (rule of 55).
@davila0893
@davila0893 5 месяцев назад
Video coming out at 11 pm???
@ChristopherEvans-650
@ChristopherEvans-650 5 месяцев назад
It's a reposting of an older video. I remember this one as it is close to my scenario, except I don't plan to take SS until 70 and will do Roth conversions over 13 years. 79 days until retirement.
@asandrik3124
@asandrik3124 5 месяцев назад
Why don’t any of you guys do an example of planning with us only receiving 75% of the projected Social Security projections. Let people see what’s likely to happen to us!
@yourfinancialekg
@yourfinancialekg 5 месяцев назад
Video coming soon!
@asandrik3124
@asandrik3124 5 месяцев назад
Great! I think that will really open a lot of eyes as to what’s coming!
@lostboi3974
@lostboi3974 5 месяцев назад
First
@livinforlessinsingapore3601
@livinforlessinsingapore3601 4 месяца назад
All so complicated. Easiest way out for Gerry is just to reduce expenses. No need to move to Mexico or Thailand to do that. I am a single retiree living in the most expensive city in the world, Singapore. I manage happily enough on $1,500 per month. That’s about USD 1120. But as I could easily afford more than double that, I have few worries. No need to take investment risks and do all the Monte Carlo permutations.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Great contribution!
@johngill2853
@johngill2853 5 месяцев назад
Buy an annuity and not delay Social Security? Social Security is the dream annuity. Cola and government guarantee
@yourfinancialekg
@yourfinancialekg 5 месяцев назад
I agree with you John!
@timsans1170
@timsans1170 5 месяцев назад
Annuities are a rip off!
@johngill2853
@johngill2853 5 месяцев назад
@@timsans1170 why is a MYGA a ripp off?
@JohnSmith-ps7hf
@JohnSmith-ps7hf 5 месяцев назад
$1.5M is not enough. He should retire in poorer countries such as Mexico or Thailand. The current FU money is $2.5M per person according to my accountant.
@yourfinancialekg
@yourfinancialekg 5 месяцев назад
Thanks for watching!
@timsans1170
@timsans1170 5 месяцев назад
​@@yourfinancialekg Lol!!
@johngill2853
@johngill2853 5 месяцев назад
Then 95% of retirees should move? Because 2.5 million is top 5%
@JohnSmith-ps7hf
@JohnSmith-ps7hf 5 месяцев назад
@@johngill2853 Yes, they should move. You can live well in Thailand or Mexico with only 2k per month. But 2k per month is considered poverty in U.S.
@johngill2853
@johngill2853 5 месяцев назад
@@JohnSmith-ps7hf no $24,000 a year isn't poverty. Actually it's about what I spend right now (my savings rate is 50% and I won't mention taxes) And people in general want to stay around family
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