Can I Retire at 55 with $650,000 in Retirement Savings?!?

Рет қаралды 6,222

3 ай бұрын

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.
Ready to schedule your virtual consultation, click here: pearlwealthgroup.com/contact/ or email us at info@pearlwealthgroup.com
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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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❌ *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
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Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
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Пікірлер: 48

@davidcopeland2896 2 ай бұрын

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.

@yourfinancialekg 2 ай бұрын

Yes, thank you!

@jhfit 3 ай бұрын

Pretty soon you'll have people asking if they can retire at 30

@yourfinancialekg 3 ай бұрын

That's the goal!

@jennsjourneys1 3 ай бұрын

Omg. So funny! "Can I retire at 30 with $1"?! I'll watch that! 😅

@NipItInTheBud100 3 ай бұрын

Hey, if you can pull it off why not!!

@Ww8.3 3 ай бұрын

You can just not off a retirement account lol

@thienthan324 Ай бұрын

yes one can, just retire in the street

@glockman99 3 ай бұрын

Great video. Go Rangers!!

@Ww8.3 3 ай бұрын

Because life is expensive. Insurance costs money. Property taxes never go away.

@yourfinancialekg 3 ай бұрын

Truth

@fasteddy3336 3 ай бұрын

I wish there was a company that still had pensions.

@larriveeman 3 ай бұрын

the fed's do, I have a nice one

@michaelperry7871 3 ай бұрын

The military

@vernshird711 3 ай бұрын

Most state gov'ts still offer pensions. Maryland state and county gov't offers pensions plus 401k and 457b. Education also offers a 403b.

@abrahams.lincoln6749 3 ай бұрын

Cops Teachers Firefighters UPS Utility workers DPW Auto workers Nurses Etc….

@yourfinancialekg 3 ай бұрын

True Fast Eddy. Not many around anymore.

@NipItInTheBud100 3 ай бұрын

I hope this one doesn't have a pension in the plan!!...LOL

@yourfinancialekg 3 ай бұрын

😂

@yourfinancialekg 3 ай бұрын

I've got plenty in the works that don't as well!!

@jeffgagnon2622 3 ай бұрын

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

@yourfinancialekg 3 ай бұрын

Thanks for watching!!

@daveharness70 3 ай бұрын

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.

@yourfinancialekg 3 ай бұрын

Going through multiple scenarios and having various options isn't wrong, its called good planning

@greenlantern1986 3 ай бұрын

...wut

@edhcb9359 3 ай бұрын

Math doesn’t lie. Reverse mortgage brokers do lie though. 😂

@yanzukmjy 3 ай бұрын

Go Phillies!!!

@yourfinancialekg 3 ай бұрын

They will be tough again!

@cottontail132 3 ай бұрын

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❤🎉❤

@yourfinancialekg 3 ай бұрын

Sounds great!

@Gambrills773 3 ай бұрын

Let’s go Os

@yourfinancialekg 3 ай бұрын

No!! Go Rays!!

@hilarylevin623 3 ай бұрын

If one is not planning on retiring before 59.5 do you need a brokerage account or is a Roth just fine?

@joshuabritt5677 3 ай бұрын

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.

@yourfinancialekg 3 ай бұрын

Here is a video explaing: kzfaq.info/get/bejne/mqealtt4zMeZZnk.html

@marantz747 3 ай бұрын

Beatles - Tell Me Why

@yourfinancialekg 3 ай бұрын

Yes!

@marantz747 3 ай бұрын

Chicago White Sox

@yourfinancialekg 3 ай бұрын

It's going to be a tough year for the Sox I'm afraid

@marantz747 3 ай бұрын

As long as the Cubs don’t win I’m happy

@jimmyz5831 3 ай бұрын

No.

@yourfinancialekg 3 ай бұрын

Yes!

@jimrinard1969 3 ай бұрын

St. Louis Cardinals

@yourfinancialekg 3 ай бұрын

Yes!

@jennsjourneys1 3 ай бұрын

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

@yourfinancialekg 3 ай бұрын

Makes a lot of sense!