How To RETIRE EARLY: Everything You Need To Know (Compilation)
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- Опубліковано 6 вер 2024
- How To RETIRE EARLY: Everything You Need To Know (Compilation)
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Dreaming of escaping the 9-to-5 grind and living life on your terms in retirement? Early retirement is within reach! This retirement compilation video dives deep into everything you need to know about early retirement and how to retire early!
Powerful retirement strategies to maximize your retirement savings and retirement investments
How to calculate your ideal retirement nest egg
How to maximize your retirement income with retirement income strategies
And much more!
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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.
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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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Great collection Drew. Start early and enjoy later on in life. That appears to be the only real formula for success at 55.
Yes Ray!! Thank you for watching!
not sure if you've done... A video or analysis on states to retire. Location-based on weather Taxes,.
Health care etc.
Good idea 💡
Your conclusion at the end is a result of your continual inflation adjustment to spending well into their golden years. Statistically, the spending for a couple DECLINES after 80. It does not continue to go up. Need to cap it, at the very least. You are spot on with the rest of your assumptions and parameters. Just wish you would add this extremely important factor into your analyses.
Great comment and observation. I am more conservative in my assumption because yes spending will go down but healthcare spending actually goes up. So I just replace the baseline travel/fun with healthcare. What do you think?
@yourfinancialekg I agree, but I would argue that "Healthcare" has become more of a boogeyman term to scare retirees. Some folks do have enormous costs, and I get that. But most do not. I would argue that it may be more reasonable to assume costs inflate to 75-80 and then flat-line to end of life. Your proposal and thought process isn't wrong, I just feel it is more conservative than most. However, some folks want to be double-dog sure that they are safe. And you are spot on for those folks.
#1 debt free.
#2 have a pension.
Easy peasy I retired at 58.
Sweet!
Hi Drew, we started seriously saving for retirement later in life so an early retirement is not in our cards. In a case like our would you still suggest a freedom fund?
Yes, because it's more than just a retire early vehicle. If you want to buy a car or build a deck or something like that, now you have a bucket of money that is more tax efficient than a 401k or IRA. Great question and good luck!
Hey drew, thoughts on upping my HSA contributions instead of upping my 401k. Currently put 15% in 401k plus 5% company match?
Max the HSA if possible. Triple tax free!
So you're saying... Live as cheap as you can, but enjoy those vacations.Or special situations occasionally every year.. Weather these bidenomic type years.. Going to retirement debt free from a well maintained, home and car.. No credit card, debt or other debt and work from there.
Exactly!
I want to retire at 62 even if that means my husband has to get a second job.
I’m glad you get to retire while you keep him in the harness until hoops
@@markdavis1116 it’s a fair trade off.
😮
😂
Who has a million $. Not average joe
True
He is trolling for customers for his consulting business. and he doesn’t want the average joe.
You need money to retire early, maybe a million is realistic for average Joe but average Joe doesn't get to retire early average Joe dies on the Walmart floor 😅
Suze Orman recently said, if you're around 60 and have less than 5 million saved, you shouldn't be retiring. Lol.
Maybe with her spending habits. Most people with 100k income currently should be able to retire at 60 with 1.5m. In my opinion.
@scottwilbanks9888
I would think 1.5 would suffice. Providing you don't have a bunch of debt like a big mortgage, car payments , boat payment. Etc.
Suze Orman must have a ton of debt. Most people don't earn 5 million in their lifetime.
The key is retiring with NO debt.
orman's statement is absurd, all you need is more income coming in then going out ( factor in inflation), and if possible being debt free
Lol. Everyone's different..