Retirement Strategy at 60 with $1,400,000 in Retirement Savings
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- Опубліковано 26 бер 2024
- Retirement Strategy at 60 with $1,400,000 in Retirement Savings
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Are you approaching retirement age with retirement savings of $1,400,000?
Now, it's time to carefully craft your retirement planning strategy to ensure a financially secure and fulfilling retirement future.
In this video, we'll explore the various retirement considerations and retirement options available to you as you navigate this significant milestone.
From retirement investment strategies to retirement income withdrawal plans, healthcare costs to lifestyle choices, we cover it all to help you make the most out of your retirement savings.
Whether you're eager to travel the world, pursue new hobbies, or simply relax and enjoy your retirement years, this video provides invaluable insights to help you design a retirement plan tailored to your unique retirement goals and circumstances.
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!
#retirementplanning #retirement #financialfreedom
Ready to schedule your virtual consultation, click here: pearlwealthgroup.com/contact/ or email us at info@pearlwealthgroup.com
You are the best of the best! Thank you!
You're welcome! Thank you for watching 😊
Very helpful. Thanks.
Glad it was helpful!
I think >$1mill is definitely doable and super interesting Drew! Different opinion than some :) Regardless I absolutely love these! Can we DM you (if so, where?) some case studies on our own future situation to use as an example? Anywoo thanks for another fabulous vid!!
That seems about right if your living strictly on your savings with no other forms of income for example social security even a 2000/month social security payment is the equivalent of $600,000 saved up if your doing thr 4% rule so you could have a lot less considering other income
Thanks!
What about health insurance? Are they just going to not have any?
That's factored in for sure
I assumed in was in their $7k monthly expenses, since they have no mortgage.
drew do you think the market is in a bubble and will burst soon?
Good question
Everyone thinks it’s a bubble. Market was down around 20 percent in 2022, up around 20 percent in 2023 and up 10 percent so far this year. So in 2 years and 3 months we have a 10 percent return. Though last 5 years S&P up over 14% a year. Good question indeed.
Small caps are 10% off their high from 2 years ago and international is far from a bubble
Value isn't that expensive either
Anyone over $1M can retire unless expenses are ridiculous. Please do videos for the majority of people. Rich people do not interest me.....
I'm working on it Bruce!
"Rich" or well off families are considered to be those with 2.2M in assets. Most people watching videos like this will be near or well over 1M by the time they reach retirement. A small percentage of viewers, which is also the majority of people in the USA, will not have much at all saved, and will definitely need Social Security and will not retiring early. So why show that?
Bruce there are videos out there for every possible scenario.
Probably, but depends on your age! Can a 50 year old retire with $1M and last 35-40 years?? Much for likely and doable at 60, I would think.
@@daveharness70 Unfortunately, $2.2m is nowhere near "rich".