I'm 50 with $500,000 Saved For Retirement, When Can I Retire?

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  • Опубліковано 1 жов 2024

КОМЕНТАРІ • 13

  • @alchemizetoinfinity
    @alchemizetoinfinity 3 місяці тому +7

    Why not reduce the $5,000 monthly expenses by 10%, 15%, 20%? Instead, you'd have him work longer. Time is our most valuable commodity. Not money. Retire while you're still alive.

    • @yourfinancialekg
      @yourfinancialekg  3 місяці тому +2

      Good idea, but can he afford to do that to retire early?

    • @Ethernet480
      @Ethernet480 2 місяці тому

      How do you know he’s able to reduce his expenses?

  • @NipItInTheBud100
    @NipItInTheBud100 3 місяці тому +6

    You never..NEVER want to set your wood on fire….LOL

  • @asandrik3124
    @asandrik3124 3 місяці тому +4

    I don’t have to watch the video they can retire somewhere about 2034 or 2035!
    Now go back to work 😂😮😅😊

    • @jhfit
      @jhfit 3 місяці тому +1

      Exactly.. jeez, these guys

    • @NipItInTheBud100
      @NipItInTheBud100 3 місяці тому +2

      What’s the point of working longer if you don’t have to? There’s no prize for working the longest!!

    • @asandrik3124
      @asandrik3124 3 місяці тому +1

      @@NipItInTheBud100 I'm just saying WORK LONGER is almost always the answr in these videos, and BTW if you watch the video, other than part time work, I hit it right on the button. Watch enough of these and you know exactly what they are going to say.

    • @NipItInTheBud100
      @NipItInTheBud100 2 місяці тому +1

      @@asandrik3124 very true! It is one of the sad things about the financial industry! They all tell people they need $1.t million. If that were the case nobody would ever retire and plenty of people do! So someone is blowing smoke out their ass!!

    • @jhfit
      @jhfit 2 місяці тому +1

      @@NipItInTheBud100 The point is you better have enough I’m finishing up my first year in retirement and I’m taking a good hard look at this even with about 1.7 mil in savings a house and no debt fact is basic expenses like taxes food and insurance will be higher than you think you only win a prize if you don’t end up working at Home Depot when your 70

  • @aguijohn1321
    @aguijohn1321 3 місяці тому +3

    It would be great if you did a podcast about retirees who will retire without having bought a house, and maybe buying a house or land then.