Can I Retire at 55 with $600,000 In Retirement Savings??!! (WATCH OUT!!)

[@yourfinancialekg]

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

[@NipItInTheBud100]

Damn, I waited all this time for this video to come out just to find the example is another pension….and not just one but TWO pensions! Not for me but great info!

[@yourfinancialekg]

Thanks for watching!

[@NipItInTheBud100]

@@yourfinancialekg Not a fan of the click bait title but good video overall. Pensions should me mentioned in the title in my opinion in a video like this!!

[@bruced.370]

I wish you did this without pensions.😢

[@yourfinancialekg]

More to come!

[@LadyGaonouu]

Appreciate you doing this with the pension!

[@yourfinancialekg]

Of course!

[@Markrtsoon]

The answer for “can I retire at xx with $yy” question will 100% be yes. However, the quality of your retirement life is THE question.

[@yourfinancialekg]

Very true

[@donlarson3884]

I retired with less than that. The quality of my retirement is great.

[@tf5994]

I agree with a lot of the comments do one with an average 401k balance and an average American income and a scenario of retiring at 62-67-70 with an average monthly expenses plz many subscribers will appreciate that

[@yourfinancialekg]

Thank you for watching!

[@markbates891]

The average 401K acct balance for 55 is not that high. Do some of these for the average person. Like when can the average 55 yo old retire, using the average acct by age.

[@scottcampbell1566]

The avg might be around that much, but the median is much lower. That’s what always gets mixed up.

[@yourfinancialekg]

Average is higher but median is not. Thanks for watching!

[@scottcampbell1566]

@@yourfinancialekg oh I’m sure it is. Factors including billionaires which skews the whole picture. That’s why most tend to use Median for the average Joe. It’s more realistic for those that are watching let’s face it.

[@Sky1]

Yes, sell everything and move to the Philippines

[@yourfinancialekg]

Let's go!

[@George-hl2xm]

It also can be price gouging or whatever corporations can get away with as well

[@yourfinancialekg]

True

[@Breezeyogi]

Dude, $600k is plenty. Just watch your spending. That's assuming your house is paid off and you have little to no debt and follow the overall prudent advice of this financial planner. He seems seems to be very smart and practical and careful about money.

[@mattf3348]

They can move to Mexico and that should last them.

[@Breezeyogi]

@@mattf3348 Yep

[@Alex-jx5bx]

If not pensions they are pretty much broke😊😂

[@yourfinancialekg]

Thanks for watching!

[@SEEKERONE1]

Wow just to think I retired with those kinds of numbers last year. I do not have any debt like cars or a house. I am thinking will I make it? I will work part time at the Home Depot if needed.

[@yourfinancialekg]

You can do it!

[@JohnDoe_1609]

Just hearing the word pension made me turn off. It’s not that I am against them..I think we all should have them but corporations took them all away and put profits ahead of people.

[@yourfinancialekg]

Thanks for watching and voicing your comment!! Come back for more.

[@hello_Tam_here]

Do you have a video of retiring at 55 with $600,000 in a 401k? No pension and no other savings. Expenses $5000 mth.

[@yourfinancialekg]

I like that idea!! Video in the works.

[@pathkris2984]

@@yourfinancialekg This will be a good one to see. Thanks.

[@greenlantern1986]

My guy loves pensions - something almost nobody watching has...

[@yourfinancialekg]

That's why we do videos with and without because everybody's situation is different.

[@huntersingle]

Can’t you just rent an apartment for 1500-2000 live cheaper put say 280,000 in several strong dividend aristocrats/kings… live off SVOL 3000/month. 3000/.30 x 22.65 = 226,500.

[@yourfinancialekg]

Great point & Idea!

[@DWilliam1]

Excellent video. I have a large pension with COLA and I’m going next year…

[@yourfinancialekg]

Best of luck!

[@jjdelamo6246]

Retire in the Philippines. Live like a king on $2,000/mo budget

[@yourfinancialekg]

Yes!

[@George-hl2xm]

Why not claim at 62 if you make it to 70 pay social security back and start over at 70 if you can afford to

[@yourfinancialekg]

Good idea and something to consider

[@9-1-juan6]

@@yourfinancialekg You can do that? What is the benefit of doing that? Wont it take about 10 years to recoup? (1,001 apologies for the rattling out these questions)

[@fairfeatherfiend]

No.

[@yourfinancialekg]

Yes!

[@marantz747]

Fubar.

[@yourfinancialekg]

Great movie 🍿

[@mattf3348]

LOL No

[@NipItInTheBud100]

Depends on one’s expenses!!

[@yourfinancialekg]

Yes, depends on expenses!

[@voodoodrug]

Retired at 48, set up a real estate HACK brought my bills and food to zero… that was key. Work 1 day a month as a fill in executive to top off as contribution ( easier then breathing) and extra $. Travel as far as my MC will take me and avoid boats/RV…etc

[@yourfinancialekg]

Wow, great!