Retirement Strategies at 60 with 500k, 700k, 800k, & $1,000,000 (Retirement Planning Case Study)

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  • Опубліковано 26 січ 2024
  • Can I Retire at 60 with 500k, 700k, 800k, & $1,000,000 (Full Financial Plan)
    In this retirement video, we delve into the question many individuals approaching their golden years ask: "Can I Retire at 60 with 500k, 700k, 800k, or 1 Million?"
    *Free Retirement Download: The Checklist to Retirement:* 📊
    pearlwealthgroup.com/
    Join us as we break down various retirement scenarios, exploring the financial implications and considerations associated with different retirement savings amounts.
    Whether you've diligently saved $500,000, $700,000, $800,000, or even $1 million for retirement, we provide valuable insights to help you assess your retirement readiness.
    Discover strategic tips, investment perspectives, and key factors to consider on your journey to retirement independence. It's time to navigate the path to retirement with confidence and make informed decisions about your retirement future.
    Watch now and empower yourself for a fulfilling retirement ahead!
    *Free Retirement Download: The Checklist to Retirement:* 📊
    pearlwealthgroup.com/
    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

КОМЕНТАРІ • 33

  • @yourfinancialekg
    @yourfinancialekg  4 місяці тому +1

    **Free Retirement Download: The Checklist to Retirement:** 📊
    pearlwealthgroup.com/

  • @pacifist8610
    @pacifist8610 4 місяці тому +1

    Love your videos! I've watched a ton now. Just had a thought @31:38, it might be interesting/valuable to call out what the withdrawal rate is for the given expenses vs retirement investments (or at least the initial withdrawal rate, knowing it will change as inflation and returns impact the amounts). Might give people an easy way to "personalize" and compare their own scenario.

  • @erichyney6287
    @erichyney6287 4 місяці тому +5

    And at what time did you talk to GOD... ON your expiration date..
    Enjoy your life. GOD will take care of you..

    • @yourfinancialekg
      @yourfinancialekg  4 місяці тому +5

      Love this! Psalm 23:1

    • @timsans1170
      @timsans1170 4 місяці тому +1

      @@yourfinancialekg
      The Lord is my shepherd; I shall not want.

  • @corydoyal8709
    @corydoyal8709 4 місяці тому +2

    For the 6% ROR in your calculations, what compounding frequency are you using?

  • @garyxyz4400
    @garyxyz4400 4 місяці тому +3

    Why are their monthly expenses so much with paid off home? Our expenses were never that even when we had a mortgage. Also enjoyed hearing the lesser amount as the saved amount. Closer to reality. I was thinking of taking social security at 65 when I get medicare.

    • @yourfinancialekg
      @yourfinancialekg  4 місяці тому +3

      Everybody is different and that includes spending. Cost of living in states make a big difference. Thanks for watching!

    • @timsans1170
      @timsans1170 4 місяці тому +2

      My Property Taxes are almost 20K
      Utilities, one of the highest in the Nation,
      Add to that, one of the Highest State Income Tax Rates and Sales Tax.......
      Adds up quickly

    • @garyxyz4400
      @garyxyz4400 4 місяці тому

      @@timsans1170 you must live in a millipn dollar grand estate. I don't and never will.

  • @suespony
    @suespony 4 місяці тому +2

    This is fascinating to me. How much would it cost me to have you do this for me?

    • @yourfinancialekg
      @yourfinancialekg  4 місяці тому +1

      Please contact us at info@pearlwealthgroup.com

  • @bruceeigsti5274
    @bruceeigsti5274 4 місяці тому +2

    65 fir us 400k in a roth.. ill probably work a pt job 15 hrs a week fir a couple years

  • @teams3345
    @teams3345 2 місяці тому +1

    $1M should work with SS at 62.

  • @rolandosouffrain7957
    @rolandosouffrain7957 2 місяці тому

    It amazes me that a couple only needs $50 a yr but a single person doesn't need $25k a yr. Lol 😂😅

  • @mattf3348
    @mattf3348 4 місяці тому +2

    PPL need about 3 mil to retire in comfort.

    • @corydoyal8709
      @corydoyal8709 4 місяці тому +3

      False

    • @XDetoursX
      @XDetoursX 4 місяці тому +7

      No they don't. Maybe you do, but a very high percentage of people can live comfortably in retirement on a million or less. To use a blanket statement of how much everyone needs is dumb. Every situation is different

    • @yourfinancialekg
      @yourfinancialekg  4 місяці тому +2

      That seems like a lot of everyone to achieve.

    • @timsans1170
      @timsans1170 4 місяці тому

      ​@XDetoursX
      Hoping you don't call me stupid or anything but didn't
      You just do exactly that 🤔

  • @daveslomski9612
    @daveslomski9612 4 місяці тому

    If you are using real world scenarios for savings & age, please use real world required monthly income. Not everyone can possibly be $5000 average joe.

    • @yourfinancialekg
      @yourfinancialekg  4 місяці тому +1

      I use real world scenarios. And that includes expenses.

  • @crimsonpearl4686
    @crimsonpearl4686 4 місяці тому +18

    This is encouraging for me. Will turn 62 in spring with $960,000.00 in retirement savings. Single, ZERO debt. Would LOVE to do a so called "soft" retirement at 62..."retire" from my full time job of 30 years, start taking RMDS, and pickup some fun part time job, say 15 hours or so a week, working on my terms.