Why You SHOULD Take Social Security EARLY!

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Why You SHOULD Take Social Security EARLY!
**Schedule your virtual consultation, click here: pearlwealthgro... or use our calendar link: calendly.com/p... **
In this retirement video, we'll dive deep into the surprising benefits of taking Social Security early.
Discover why starting Social Security early could be the smartest retirement decision you make.
We'll cover everything from increased longevity to maximizing your retirement earnings. Don't miss out on this eye-opening retirement information!"
*Free Retirement Download: The Checklist to Retirement:* 📊
pearlwealthgro... **
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, a You Financial EKG™ is a great tool to help you understand where you are in your retirement planning. Retirement planning and retirement income strategies shouldn't be complicated. They should just be done right.
**Connect with us on Facebook: / pearlwealthgroup ** 👍
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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
3905 Tampa Road Unit 26
Oldsmar FL 34677
Info@pearlwealthgroup.com
pearlwealthgro...
Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
#retirementplanning #retirement #financialfreedom

Опубликовано:

2 окт 2024

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Комментарии : 21

@AdamJ03 День назад

Great examples! You could even throw in the 2035 ss decrease. I can imagine that would change the whole trajectory of both plans!

@davila0893 15 часов назад

Great video and analogies. From CFP to Doctor to Quarterback. Love it!!!!

@yourfinancialekg 12 часов назад

Glad you enjoyed it!

@punisher6659 День назад

I always enjoy your videos.

@yourfinancialekg День назад

I appreciate that!

@mikemiller3428 День назад

Great vid for me. Thank you. 55 with 850k+ but when I do calculators I always start with input of 550k to "feel it out". Planning on retire at 55 ss at 62 and 4.5%on investment return, like to be conservative. Averaging about 11% last several years. Your vid gives me even more confidence. The Omaha Omaha reference won't be understood in 5 years lol

@yourfinancialekg День назад

Nice work!

@derkong7114 22 часа назад

What do you do when your portfolio takes a 70% drop in value and SS is cut by 70%

@mr.carlsen8185 21 час назад

Why don't you assign the average social security amount at 67 and 62 instead of these higher amounts? It makes it a lot more feasible if someone is making a lot higher in social security, as in this video, than the average. The average at 62 and 67 and 70 would make it a lot more practical for the average person. The rest should know if they are making more than the average s.s. it would be even easier for them than what we see here in the videos. Just trying to help out the average person.

@Maxrotor1 7 часов назад

Even though i have 3.6m saved and only need 10k per month, i am leaning towards taking SS at 62. There is about 1000 less than the 67 amountbut it lets the rest of my portfolio grow. I also don’t know when i am dying.

@pattylovesneal 4 часа назад

We are taking it at 62, retired or not. we do not need the money at 62, but will invest it every month in the markets. The reason we are doing this is that we have no faith that SS will be around in 20 yrs, if it is then it is surely going to be cut. The people who have over a certain amount of money will be cut by as much as 50% ,we believe. We have paid into SS all our lives only to be punished for saving enough for retirement.

@mariasheppard83 6 часов назад

I have decided to take my ss a year early, I thought I could wait another year but physically I just can't do it for another year. I didn't decide this lightly but my husband and I are doing OK, house is paid off etc.

@NursePeterMAbraham 10 часов назад

Drew, I appreciate your videos. Please understand that doctors prescribe certain medications to reduce their liability risk of being sued in case something happens to you versus if they care about you and your health. I bring this up because you mentioned one of the worst medications you could take for YOUR health, and that is a statin! Please read up on "absolute risk reduction," which is the real benefit of any medication. "relative risk reduction" is used in SALES and marketing language. The ARR for any statin is 0.8% to reduce the risk of heart attack and stroke due to high cholesterol. YES, less than 1% for the side effects of DEMENTIA, muscle aches and pains, et al. And just like you want people to get through retirement, know that just because a side effect does not happen the first few hours, days, or weeks doesn't mean your body is developing a toxic build-up of the medications leading to those side effects years later. By the way, the RRR (relative risk reduction) for statins is 40% -- sounds great. A 40% reduction of "relative" risk based on not taking a statin. How do they get to 40% to SELL you on a medication that WILL cause you harm? That 0.8% ARR compared to 0.0 is 40%. Which sounds better? You have less than 1% risk vs. 40% risk? So, as you teach others about retirement and savings et al., please take some time to learn absolute risk reduction, and please don't promote statins as if they are a good thing. Because if you retire and get dementia because you've been on a statin for decades... that retirement money goes negative quickly!

@fvvfvbbbb 4 часа назад

Where are you getting these statin stats from?

@derkong7114 22 часа назад

I am three years out from early SS. My true feeling is that SS wont even be there then... If it is around I will take SS at 70 but not counting on it.... We are all on our own and I also feel the markets could easily take a 60-70%% drop in value.... get a paid for house, large garden, chickens and rabbits. Make your only bills utilities, property tax, one car liability insurance $150 per week for food, the minimal you can spend. Note I dont even include home insurance or health Insurance. Make it so you are living on about $1200 per month total... Yes that means you are hanging your clothes to dry on a clothes line, You dont turn your AC below 80. And no medications no prescription drugs and no I dont go to the doctor. I am my own doctor and will die when I die and I am good with that... A little bit of education and you can run circles around our current keep you sick health care system and the vast majority of Doctors are only trained to give you a prescription and make you a regular paying customer....

@GlobRes 19 часов назад

You will definitely get your SS benefits. Either with reduced benefit of 24% from 2034 or we do a revolution of seniors so that the government does NOT reduce our SS we contributed in our lifetime. So in 2032 elections we start a senior revolution to demand the government to honor SS programs. We elect the ones that do it

@bwhite9993 9 часов назад

This stuff is always the same question... looking into my magic ball.. how long will my wife or myself live.... I split the diff my wife has less SS than i do so she is going to take at 62 ( so we dont have to drain investments as much) and I am going to take at 67.

@jonasahlm-c3j День назад

Like your videos - on SS@62 scenario. Why don’t you reduce the net worth by $3575 X 24 months (years 60-62). Shouldn’t the net worth be subtracted by $85,800? ($464,200)

@johnsonajayi7846 Час назад

Because the person retired at 62 and no money was collected from 60 to 62 using the example on the left of the video.

@ryanm3076 Час назад

I agree. From the scenario, it appears both retired at age 60. The two years of expenses wasn't deducted. There would be a gain of a little from the 4% return rate but not enough to offset the expenses.

@GlobRes 18 часов назад

How do you get to $550527 from the $550000 24 months of expenditures supasses the 4% gains Is your math wrong or am I missing something?