Тёмный

Retire with LESS than $500,000 in Retirement Savings 

Drew Blackston, CRC®
Подписаться 19 тыс.
Просмотров 15 тыс.
50% 1

Retire with LESS than $500,000 in Retirement Savings
*Free Retirement Download: The Checklist to Retirement:* 📊
pearlwealthgroup.com/
Is retiring with less than $500,000 in retirement savings a realistic goal? In this video, we delve into the strategies, tips, and insights on how you can retire comfortably even if your retirement savings falls short of the half-million-dollar mark.
Join us as we explore practical ways to make the most out of your retirement savings, including retirement budgeting techniques, retirement investment options, and retirement lifestyle adjustments.
Whether you're nearing retirement age or just starting to plan for your retirement future, this video offers valuable advice to help you achieve financial security and retirement peace of mind in your retirement years.
Don't let a smaller retirement savings account deter you from living your dream retirement lifestyle - watch now and start planning for a fulfilling retirement with less than $500,000 saved!
Ready to schedule your virtual consultation, click here: pearlwealthgroup.com/contact/ or email us at info@pearlwealthgroup.com
**Enroll In Our Course: Can I Retire: A Foundation To Your Retirement Journey: drew-s-site-958e.thinkific.co... ** 🖥️
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.
Click Here For More Retirement Planning Videos: bit.ly/3wH3mgb 🙌
**Ready to get your personalized Financial & Retirement EKG: pearlwealthgroup.com/ **🚀
**Visit our Website: pearlwealthgroup.com/ ** 🖥
**Connect with us on Facebook: / pearlwealthgroup ** 👍
**Follow and Connect with Drew on Linkedin: / drewblackston 🙌
**More Retirement Information Here: pearlwealthgroup.com/blog/ ** 🧐
**Meet Your Retirement Planning Team: pearlwealthgroup.com/about/ ** 😎
**Worried That Your Retirement Strategy Is Missing Something: pearlwealthgroup.com/services/ ** 🤔
❌ *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

Опубликовано:

 

23 фев 2024

Поделиться:

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист
Посмотреть позже
Комментарии : 64   
@leathers2
@leathers2 4 месяца назад
I have never understood why they use your average salary to gage if you are saving enough or have enough to retire. I would think that your average annual spending would be the most important number to use as a gage.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Both are good ways to gage your retirement readiness.
@chrisj302
@chrisj302 4 месяца назад
The majority of Americans will never have $500k in retirement savings. But good video as example sounds realistic for a middle class couple.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Thanks for watching!
@guerro327
@guerro327 4 месяца назад
Need the Single version of this.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
I can do that, videos coming!
@crimsonpearl4686
@crimsonpearl4686 4 месяца назад
I dont get it. You are NEVER at ZERO or "run out of money" because you will STILL have monthly SS check for life at 85!
@Ww8.3
@Ww8.3 4 месяца назад
SS money was never meant to be relied on that heavily. Yes it’s a nice little chunk but it shouldn’t be the only thing keeping you semi afloat
@crimsonpearl4686
@crimsonpearl4686 4 месяца назад
@@Ww8.3Of course! But for Drew to say you will be at ZERO and "run of money" is inaccurate!
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Very true
@johngill2853
@johngill2853 4 месяца назад
​@@Ww8.3 funny thing is I actually spend less than my estimated benefits at 70(because I am a heavy saver and current taxes)
@bruced.370
@bruced.370 4 месяца назад
You’re the Best RU-vidr about finance advice out there.👍🤑
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Glad you think so! And I really appreciate you commenting and watching!!
@rowddyone3570
@rowddyone3570 4 месяца назад
Great point well explained
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Thanks!
@dforrest4503
@dforrest4503 4 месяца назад
$5k per month after taxes is too high for that amount of assets. They definitely need to reduce that to about $4k/month or think about a part-time job, just to be safe. Or, recognize that later in retirement they’ll need to live more simply.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Yes!
@markwukoman6847
@markwukoman6847 4 месяца назад
What about health insurance that you need till 65. That is a big expense. You have this formula that this couple will run out of money at 92. If they have to go into long term nursing care in there 80's, guess what, by by nest egg and say hello to title 19. Living abroad(if possible) is a better option financially.
@bruceeigsti5274
@bruceeigsti5274 4 месяца назад
So glad i will have no taxes after we retire nxt year.. all ROTH money
@yourfinancialekg
@yourfinancialekg 4 месяца назад
🤩
@johngill2853
@johngill2853 4 месяца назад
And you will be in a lower tax bracket with no taxes in retirement
@bruceeigsti5274
@bruceeigsti5274 4 месяца назад
​@@johngill2853 yep can't get better than zero
@bruceeigsti5274
@bruceeigsti5274 3 месяца назад
​@@johngill2853 yep. No income taxes after next year
@johngill2853
@johngill2853 3 месяца назад
@@bruceeigsti5274 and the standard deduction and lower tax brackets you could have taken advantage of?
@TheHavocdog
@TheHavocdog 4 месяца назад
Also, remember that your financial retirement advisor will charge you 1% of the total value off of your retirment account. Therefore if you attain a 6% gain, you will only have 5% available to work with.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Good point
@davila0893
@davila0893 4 месяца назад
Thank you for the mini-series of scenarios. Go 'Stros
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Your welcome! Go Rays!!
@bruced.370
@bruced.370 4 месяца назад
Expenses will go down as you age. This is proven and you need to adjust the expenses. Not linear
@miragexl007
@miragexl007 4 месяца назад
Besides Medical
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Maybe so
@johngill2853
@johngill2853 4 месяца назад
Not proven. It's statistically
@jjdelamo6246
@jjdelamo6246 4 месяца назад
put 400k in QYLD, that will provide 4k/mo in dividend income. put 100k in S&P500 index for growth.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Good point!
@relicofgold
@relicofgold 24 дня назад
How do we get Congress to stop taxing social security benefits?
@yourfinancialekg
@yourfinancialekg 24 дня назад
vote
@ellenviveiros9359
@ellenviveiros9359 29 дней назад
Why is inflation always at 3% in these calculations? I know my insurances and food is far greater than 3% each year. Maybe because I live in Massachusetts ?? 🤷🏼‍♀️
@yourfinancialekg
@yourfinancialekg 29 дней назад
We use the 109 year average for inflation projections which is around 3.27% right now. Thanks for asking!!
@miragexl007
@miragexl007 4 месяца назад
Like when you do SS early And a couple.. when you run numbers. My scenario (unique scenario. Age difference) I'd like to see.. Retire in five years at 55-56, Wife will be 61-62. Should have just over 2 million if things gi OK. Collect social security early...Just because and see how it looks.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Sounds like a great scenario to run an EKG
@fasteddy3336
@fasteddy3336 4 месяца назад
Hi Drew, I have a few questions. If you live 30 years in retirement, are you figuring for the follow in expenses? 30 years at least three cars? At least one roof on the house you’re living in? At least, three hot water tanks? Three dishwashers? ( no I don’t mean me as the dishwasher) 😂Three microwaves? Two stoves and/or cooktops? Three washer and dryers? Just wondering how you figure these types items into the retirements. I figure maintenance or repair of these items is figured in their expenses. But not the replacement. Love your videos. Go Yankees.
@reneeann5340
@reneeann5340 4 месяца назад
I approved this question...till I read the last sentence 😅😊😂
@miragexl007
@miragexl007 4 месяца назад
Lol
@paulbjork2869
@paulbjork2869 4 месяца назад
Great question. FICalc (worth a google) lets you figure big chunks of money in. And hopefully you have kids to take your car away at 85 so you will only have to buy two future cars!
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Great question! We can figure in as detailed as someone would like. Normally I have a misc column for the house stuff and then we can factor in cars as well. Go Rays!
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Yes, Go Rays!
@katsadventures7027
@katsadventures7027 Месяц назад
I would really like if you could give me a picture of my future with what I have saved and invested I do have a financial advisor, but I’m trying to learn on my own and see what other people are saying.
@yourfinancialekg
@yourfinancialekg Месяц назад
Please reach out to us at pearlwealthgroup.com/contact/ we would be happy to help!
@Tony-dx3eo
@Tony-dx3eo 4 месяца назад
Tax rates revert in 2026 and not 2027 (provided the sunset happens).
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Thanks!
@miketheyunggod2534
@miketheyunggod2534 3 месяца назад
Retired at 55 with $200K. Have a mortgage, car payment, and funding my son in college. No problems. Never invested a penny. No IRA, Roth, or 401K. All my money safe in the bank.
@yourfinancialekg
@yourfinancialekg 3 месяца назад
😮
@TheHavocdog
@TheHavocdog 4 месяца назад
Please remember that a person that has only $150,000 when nearing retirement is most likely not good at budgeting and controlling expenses. If you are relying on that person to solve their own problem by suddenly changing, then as a financial advisor, you are doing them a disservice.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Just creating a plan to help
@JBoy340a
@JBoy340a 3 месяца назад
@@yourfinancialekg that's all you can do. Hopefully they appreciate it and follow.
@Bill-vk7fh
@Bill-vk7fh 4 месяца назад
TCJA expires at the end of 2025, so it's 2026 (not 2027) when rates revert. Suspect.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Suspect who?
@Bill-vk7fh
@Bill-vk7fh 4 месяца назад
@@yourfinancialekg You Drew, lol 😆. Thanks for the info.
@TheHavocdog
@TheHavocdog 4 месяца назад
You sidnt account for the reduction of social security in 2033. It is most likely that they will not pass a bipartisan fix for the funding issue. The financial planners need to not rely on the comment that congress will fix it.
@yourfinancialekg
@yourfinancialekg 4 месяца назад
Thanks for the reminder
@johngill2853
@johngill2853 4 месяца назад
Most likely they won't fix it? No way,it will be fixed. The only question is who will pay for it
Далее
Июль в Tanks Blitz
51:46
Просмотров 95 тыс.
Can We Save Goku In 5 SECONDS⁉️😰 #dbz #goku
00:15
8 GOOD REASONS to File for Social Security at Age 62
20:18
14 Smart Things To Do BEFORE You Retire
15:26
Просмотров 171 тыс.
Can I Retire at 60 With $250,000 Saved For Retirement?
18:38