Can I Retire at 55 with $650,000 in Retirement Savings?!?

Can I Retire at 55 with $650,000 in Retirement Savings?!?
*Free Retirement Download: The Checklist to Retirement:* 📊
pearlwealthgro...
Are you dreaming of an early retirement but unsure if it's feasible with your current retirement savings?
In this video, we dive deep into the question, "Can I Retire at 55 with $650,000 in Retirement Savings?"
Join us as we explore various retirement factors such as retirement lifestyle, retirement expenses, retirement investment strategies, and more to determine if early retirement is within reach with this amount of retirement savings.
Whether you're just starting your retirement planning journey or nearing your retirement age, this video offers valuable insights and practical retirement tips to help you make informed retirement decisions about your financial future.
Ready to schedule your virtual consultation, click here: pearlwealthgro... or email us at [e-mail]
**Enroll In Our Course: Can I Retire: A Foundation To Your Retirement Journey: drew-s-site-95... ** 🖥️
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: pearlwealthgro... **🚀
**Visit our Website: pearlwealthgro... ** 🖥
**Connect with us on Facebook: / pearlwealthgroup ** 👍
**Follow and Connect with Drew on Linkedin: / drewblackston 🙌
**More Retirement Information Here: pearlwealthgro... ** 🧐
**Meet Your Retirement Planning Team: pearlwealthgro... ** 😎
**Worried That Your Retirement Strategy Is Missing Something: pearlwealthgro... ** 🤔
❌ *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
[e-mail]
pearlwealthgro...
Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
#retirementplanning #retirement #financialfreedom

[@davidcopeland2896]

You have to consider social security is based on 35 highest earning years. When you receive your social security statement it assumes you continue to work. If you are retiring early you have to add 0 on the years to include 35 years which might lower your assumption on your social security benefit.

[@yourfinancialekg]

Yes, thank you!

[@MatrixMatched]

Thank you for this information. I’m crunching the numbers now

[@yourfinancialekg]

You got this!

[@jhfit]

Pretty soon you'll have people asking if they can retire at 30

[@yourfinancialekg]

That's the goal!

[@jennsuneditedjourneys]

Omg. So funny! "Can I retire at 30 with $1"?! I'll watch that! 😅

[@NipItInTheBud100]

Hey, if you can pull it off why not!!

[@Ww8.3]

You can just not off a retirement account lol

[@thienthan324]

yes one can, just retire in the street

[@fasteddy3336]

I wish there was a company that still had pensions.

[@larriveeman]

the fed's do, I have a nice one

[@michaelperry7871]

The military

[@vernshird711]

Most state gov'ts still offer pensions. Maryland state and county gov't offers pensions plus 401k and 457b. Education also offers a 403b.

[@Abraham.Lincoln22]

Cops Teachers Firefighters UPS Utility workers DPW Auto workers Nurses Etc….

[@yourfinancialekg]

True Fast Eddy. Not many around anymore.

[@Ww8.3]

Because life is expensive. Insurance costs money. Property taxes never go away.

[@yourfinancialekg]

Truth

[@jeffgagnon2622]

This was awesome, appreciate the detail, would have liked to see how health care costs in the bridge years changed the output. I feel ya on the minivan........go Dbacks

[@yourfinancialekg]

Thanks for watching!!

[@cottontail132]

Waiting for a video from you on whether I can retire with 900k in savings at 48 years old. Need 32k a year to live abroad. Love all your videos❤🎉❤

[@yourfinancialekg]

Sounds great!

[@glockman99]

Great video. Go Rangers!!

[@yanzukmjy]

Go Phillies!!!

[@yourfinancialekg]

They will be tough again!

[@NipItInTheBud100]

I hope this one doesn't have a pension in the plan!!...LOL

[@yourfinancialekg]

😂

[@yourfinancialekg]

I've got plenty in the works that don't as well!!

[@daveharness70]

No no no...to reverse mortgage in this scenario. For goodness sakes. They won't need that much money at 90-95. The spending doesn't continue to ramp up with inflation. Stop analyzing things like this! It is WRONG. They should be able to live off ONLY social security.

[@yourfinancialekg]

Going through multiple scenarios and having various options isn't wrong, its called good planning

[@greenlantern1986]

...wut

[@edhcb9359]

Math doesn’t lie. Reverse mortgage brokers do lie though. 😂

[@hilarylevin623]

If one is not planning on retiring before 59.5 do you need a brokerage account or is a Roth just fine?

[@joshuabritt5677]

If you have a 401k. There is what's called the rule of 55. You can take your 401k at 55 years old with no penalties. I know you have to leave your job, and you can only use the 401k from that job until 59 and half. I don't know much about it. It's something to read up on.

[@yourfinancialekg]

Here is a video explaing: kzbin.info/www/bejne/mnLNlKt9nMZobKc

[@Japplesnap]

The Rays? That prediction didn't exactly age well. Yankees all the way!

[@yourfinancialekg]

HA!

[@Japplesnap]

@yourfinancialekg As an AL East guy, you should root for those Yankees! Honestly though, as a New Yorker, I'd still love to see a Subway Series happen again. Go Yanks!

[@marantz747]

Chicago White Sox

[@yourfinancialekg]

It's going to be a tough year for the Sox I'm afraid

[@marantz747]

As long as the Cubs don’t win I’m happy

[@marantz747]

Beatles - Tell Me Why

[@yourfinancialekg]

Yes!

[@Gambrills773]

Let’s go Os

[@yourfinancialekg]

No!! Go Rays!!

[@jimmyz5831]

No.

[@yourfinancialekg]

Yes!

[@jimrinard1969]

St. Louis Cardinals

[@yourfinancialekg]

Yes!

[@greenlantern1986]

Can't wait to watch these kinds of videos in another 5 or 10 years and they stop having pensions in them.

[@yourfinancialekg]

LOL

[@jennsuneditedjourneys]

I don't know why people just don't get a basic job of 20 hours a week or less that you can quit easily to travel, 00 stress 😮, and not touch your retirement. I'm going to do and sell Medicare part time. Let my money grow and grow and be there when I can't work at all. Especially if you're quitting work world before 70. I'm waiting until 70 to collect SS. Of course, I understand if you physically can't work at all or mentally can't

[@yourfinancialekg]

Makes a lot of sense!