You Can Retire With Less! || Suze Orman is WRONG

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You Can Retire With Less! || Suze Orman is WRONG
**Schedule your virtual consultation, click here: pearlwealthgro... or use our calendar link: calendly.com/p... **
Suze Orman says $5 million in retirement savings is the magic number for retirement, but what if you can't reach that goal? In this video, we'll BUST the myth and show you ways to retire comfortably with less!
Article: finance.yahoo....
Here's what you'll learn:
How to SLASH your expenses and make your nest egg last
Smart strategies to PLAN for healthcare costs
Investment tips to GROW your retirement savings
Explore a PHASED RETIREMENT to ease into your golden years ️
Even if you're far from $5 million, this video equips you with the knowledge to build a secure retirement. Don't wait, watch now and unlock your dream retirement!
*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 in your 50's, 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 ** 👍
**Follow me on LinkedIn: www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=drewblackston 🙌
❌ *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
pearlwealthgro...
Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
#retirementplanning #retirement #financialfreedom

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2 окт 2024

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Комментарии : 100

@katz20200 3 месяца назад

Drew, you are a gentleman with a heart! Thank you for thinking (realistically) of people with modest incomes,which is of course, the vast majority of people in this country.

@yourfinancialekg 3 месяца назад

My pleasure! Thank you for watching!!

@rvnut1133 3 месяца назад

I listen to some of Suze's advices but I do not agree with her push to wait until you are past 70 to retire. She is a multimillionaire catering to millionaires and has lot touch with the average American.

@yourfinancialekg 3 месяца назад

Good point. She has good advice, but this one is wrong.

@cduff4505 3 месяца назад

Agree 100%, in the 90’s she’s was helpful to me. Now she out of her mind to say such a blanket statement. She just another out of touch celeb that I have no use in listening to.

@fredcarter8382 4 месяца назад

Suze needs to put the bong down. This type of lunacy shows how out of touch some are with actual retirement requirements

@OurRetireEarlyJourney 4 месяца назад

That was out exact thoughts!

@yourfinancialekg 4 месяца назад

Thanks for commenting!

@mikemiller3428 4 месяца назад

A good video of a real life, imo, situation. I'm 55 with health issues and don't know if I'll live 10 more years, let alone 20 years. I want to retire at 56 with just my 401k because I want to enjoy what I've worked for. My family averaged 75 years of living. I think I may be in the 65/70 year range. But hey, only God knows. West Virginia here

@yourfinancialekg 4 месяца назад

Thanks for commenting West Virginia!

@tlr1604 3 месяца назад

shop healthcare cost-can be expensive if not through employer

@mikemiller3428 3 месяца назад

@tlr1604 yes, I have started checking into Healthcare. That's the most concerning thought for me. I am hoping with no debt or mortgage and very low discretionary spending it will combat some of the insurance costs. Anything can happen on any given day, not guaranteed tomorrow.

@devildog_usmc9384 3 месяца назад

Key to retirement is getting out of debt. No house payment. No credit cards!

@yourfinancialekg 3 месяца назад

Exactly

@bruceeigsti5274 3 месяца назад

100%

@DK-pr9ny 3 месяца назад

Spending.

@bobknob8440 4 месяца назад

We need to cut politician pay and hold them accountable and to a budget instead of spending willy nilly.

@yourfinancialekg 4 месяца назад

Amen

@joshfox73 4 месяца назад

Just another example of "celebrity" financial advisors making a broad statement that only pertains to a small segment when you break down the specifics.

@yourfinancialekg 4 месяца назад

Very small segment

@jasonedwards2571 4 месяца назад

BTW, she said this SIX years ago on the Afford Anything podcast. This was from 2018...not sure why Yahoo Finance is bringing this up now. She was wrong then...and she is wrong now.

@yourfinancialekg 3 месяца назад

Thanks Jason!

@HappyPenguin75034 3 месяца назад

She has said it recently again and again. Wrong is up to math.

@MarkSullivan-n6e 3 месяца назад

Drew, I really appreciate you doing this detailed plan because I think this is most people situation.

@yourfinancialekg 3 месяца назад

Thank you for watching!

@johnnybugattisr.9558 3 месяца назад

That woman is soooooo out of touch with us regular Americans. I figured less than 700k retiring at 59. Withdrawing from ssi at 62. No mortgage debt and no cc debt on 3800 usd monthly expenses here in FL. Comfortably. Everyone's situation is different.

@yourfinancialekg 3 месяца назад

Thanks for sharing!

@HappyPenguin75034 3 месяца назад

I’d like to see your budget

@TropicalTodd 3 месяца назад

I’m retiring to Philippines. I found a bamboo hut for $4.25 and if I upgrade from dirt floors to a mat it will only be an extra 50 cents.

@yourfinancialekg 3 месяца назад

Sweet!

@paraglidersean2698 3 месяца назад

Suze Orman keeps 90% of her money in bonds. She’s the last person that I would take financial advice from.

@yourfinancialekg 3 месяца назад

Thanks for commenting!

@tfc850 4 месяца назад

Speaking of the JEPI/JEPQ they will work until it doesn't. Once it doesn't then change up your game plan. Gotta be flexible.

@yourfinancialekg 4 месяца назад

#truth

@ehderguyyashootadeerorno2313 3 месяца назад

Eat cardboard and live in your parents basement to save enough to hit those numbers lol. Life is short, enjoy and spend at all ages while saving enough. Good to get a financial advisor in your 30s to make sure you are saving the right amount.

@yourfinancialekg 3 месяца назад

Truth!

@bhall7997 3 месяца назад

I'm 62 years old I need to buy Power Ball tickets to catch up with Suze #'s JEPQ .45 cents hit the accounts today :) I have a little bit of it , If that would work for 7 years all in we all would be in different tax brackets :)

@yourfinancialekg 3 месяца назад

Bingo

@Rickmac22 3 месяца назад

The key to retirement is hide your cash, Medicaid, food stamps, homeless shelter… “earn like no one else, spend like no one else, save like no one else, and then, LIVE like no one else!”

@tlr1604 3 месяца назад

Medicare $500mn.each person for A,B,D,G-taken out of our projected s.s.=$1k mn.for the 2 of us this is 100% coverage-only healthcare, and all or some meds.-no dental

@yourfinancialekg 3 месяца назад

Thanks for sharing!

@KatieLibby1315 3 месяца назад

Medicare here is $169 for B, $60 for high deductible G, $1 for D. Dental is out of picket around $300 a year..Retired at 59 with around $600,000, part-time jib makes me $10,000.

@yarnchickenkim 3 месяца назад

The article is about retiring EARLY. As in you need to pay for your own healthcare and make your money last a lot more than 30 years. AND you’re too young to start collecting SSI. Still, $5 million seems steep when a much smaller amount will grow over time.

@yourfinancialekg 3 месяца назад

Thanks for sharing!

@georgecon1466 4 месяца назад

I can retire anytime on scrap metal and bottle returns

@OurRetireEarlyJourney 4 месяца назад

💙💙💙

@yourfinancialekg 4 месяца назад

HAHA

@goldrush7293 3 месяца назад

Im 50 with 467k. Will i be ok. Investing 25k a year.

@yourfinancialekg 3 месяца назад

You're being consistent which is important!

@bobknob8440 4 месяца назад

I am 40 with young kids. I don't get a full nights sleep because I wake up to kids making noise, wanting to get in my bed, various sounds outside, nightmares, etc. Hard to sleep sometimes.

@yourfinancialekg 4 месяца назад

Feel you!

@NipItInTheBud100 3 месяца назад

Her suggested retirement requirements are why I stopped listening to her! She’s just nuts when it comes down to how much you might need to retire early!!

@yourfinancialekg 3 месяца назад

Yes!

@jacobburns9343 3 месяца назад

Suze like a broken analog clock. Gets it correct 2/1440 minutes in a day.

@yourfinancialekg 3 месяца назад

LOL

@bruceeigsti5274 3 месяца назад

NEVER GET A MEDICARE ADVANTAGE PLAN

@eldersprig 3 месяца назад

yeah, but first I've got to get an freaking island. sigh. you do know she said this FIVE YEARS ago, and yes she did say it out of a place of ignorance.

@yourfinancialekg 3 месяца назад

I want an island too

@OurRetireEarlyJourney 4 месяца назад

She is officially out of touch… 🎤🫳🏻

@yourfinancialekg 3 месяца назад

Yes

@iwan2bninja 3 месяца назад

She's trying to draw attention at the expense of those less fortunate than her, which is deplorable behavior. Best to ignore celeb advice.

@yourfinancialekg 3 месяца назад

Thanks for commenting!

@calr4459 4 месяца назад

Just remember your investment advisor makes money when your portfolio goes up or down in value. So invest more in your IRA.

@yourfinancialekg 3 месяца назад

Good point!

@davidrupert5285 3 месяца назад

I really enjoy your videos. What is the best way to contact you about retirement planning. Thanks

@yourfinancialekg 3 месяца назад

Thank you for watching. Start here to contact us: pearlwealthgroup.com/contact/

@lindad6223 3 месяца назад

half dozen years ago I thought they'd be wiring my grave so I could work remote after I died. I'd been making double and triple payments on my mortgage from the beginning (2012) and paid it off with a TSP loan 3 years ago. I knew my projected retirement income and adjusted my savings (and TSP loan payment) to match that as a test. And happily walked away at the end of last summer, and was very happily surprised to have a slightly higher pension and SS survivor's benefit than I was expecting. I haven't touched my savings yet, but there's a new A/C unit needed for the house.... **sigh** I'd love to see a video showing what you might expect as "extra" income with median savings amounts in both Roth and traditional 401ks. At a certain level (50k?) it's really more of an emergency fund than an income source.

@CaraMarie13 27 дней назад

Wasn't she just talking about how a 20 year old can save $183 a month to retire with 1m? I like Suzy but the lady needs a reality check she will never get because she is rich.

@sandiellett1786 3 месяца назад

Suze also said I would lose 20 pounds for every $10K in debt I paid off. She lied. Debt free and still 18 lbs overweight.

@yourfinancialekg 3 месяца назад

I bet you can do it though!

@mallardcutter7209 3 месяца назад

I’m pretty sure that sometimes Ms. Orman says things just to mess with people’s minds. She can’t even be taken seriously anymore.

@yourfinancialekg 3 месяца назад

Thanks for commenting!

@bobknob8440 4 месяца назад

These numbers more closely resemble me.

@yourfinancialekg 4 месяца назад

Glad it helped!

@JohnBowl14690 3 месяца назад

Suze is over-prepping for a catastrophe. To if you prep to the point that you're at least 85% certain you can make it comfortably, then why not retire? The key is to have extra just in case. But you don't need $5 mil unless you have massive bills.

@yourfinancialekg 3 месяца назад

Bingo

@lylerobinson3515 3 месяца назад

NV. No state income tax!!

@yourfinancialekg 3 месяца назад

YAY!

@shade0762 3 месяца назад

We have a million with no debt... we're actually saving in our retirement and not touching our investment - so you CAN retire with less than $5 M if you have learned how to budget!

@yourfinancialekg 3 месяца назад

Yes!

@khagami 3 месяца назад

I looked up the article, and I think she's referring to those who want to retire early (like the FIRE movement). The Yahoo headline is misleading.

@yourfinancialekg 3 месяца назад

Thanks for sharing!

@punisher6659 4 месяца назад

Hello from St.Louis.

@yourfinancialekg 4 месяца назад

Thanks for watching!

@darlenepaul2918 3 месяца назад

Drew are the numbers in these charts include or exclude the value of a retirees home?

@yourfinancialekg 3 месяца назад

Excluded

@darlenepaul2918 3 месяца назад

@@yourfinancialekg Thanks!

@karimbennett5651 3 месяца назад

Size must have been drying when she said all that.

@larriveeman 3 месяца назад

go niners

@yourfinancialekg 3 месяца назад

Go Bucs!

@g99se9 3 месяца назад

Just another example of out of touch celebrity finance scammers. Ok Boomer 🤪

@kevinkanter2537 3 месяца назад

Drew & everyone listening to this episode ------- THIS ANALYSIS IS A STRAWMAN the context is everything I am not a fan of SO nor DR but don't take it out of context. This is about retiring VERY early, which is only one type of FIRE lifestyle I know you want to retire at 25, at 30 and 35 ------ take a look at the podcast ----- Afford Anything Podcast Episode #153 Transcript: Why I Hate the FIRE Movement, says Suze Orman > > SUZE: Listen everybody, I know you want to retire at 25, at 30 and 35 know you want to retire at 25, at 30 and 35, but here the problem as I speak to you at 67 years of age, approaching 70, as you get older, things happen. > If you don't have a significant amount of money, listen, if you have $20, $30, $50 or $100 million, be like me, okay? If you have that kind of money, and you want to retire, fine. But if you only have a few hundred thousand dollars, or a million, or $2 million, I'm here to tell you, I doubt highly that when you no longer have a paycheck coming in, and you've invested that money and maybe it's making some interest for you or dividends or whatever. If a catastrophe happens, if something goes wrong, what are you going to do? You are going to burn up alive, because you won't have the money to do it. Drew, why not do a reasonable financieal analysis for someone who has that nest-egg ---- maybe do a back-calc to show what type of expenses you would have to have + any further expenses (house, wife + kids, LTC, emergencies, holidays?)

@yourfinancialekg 3 месяца назад

Thanks Kevin!