Retirement Strategies at 60 with 500k, 700k, 800k, & $1,000,000 (Retirement Planning Case Study)

  Рет қаралды 25,397

Drew Blackston, CRC®

Drew Blackston, CRC®

Күн бұрын

Пікірлер: 35
@yourfinancialekg
@yourfinancialekg 11 ай бұрын
**Free Retirement Download: The Checklist to Retirement:** 📊 pearlwealthgroup.com/
@pacifist8610
@pacifist8610 11 ай бұрын
Love your videos! I've watched a ton now. Just had a thought @31:38, it might be interesting/valuable to call out what the withdrawal rate is for the given expenses vs retirement investments (or at least the initial withdrawal rate, knowing it will change as inflation and returns impact the amounts). Might give people an easy way to "personalize" and compare their own scenario.
@yourfinancialekg
@yourfinancialekg 11 ай бұрын
Great point!
@suespony
@suespony 11 ай бұрын
This is fascinating to me. How much would it cost me to have you do this for me?
@yourfinancialekg
@yourfinancialekg 10 ай бұрын
Please contact us at info@pearlwealthgroup.com
@corydoyal8709
@corydoyal8709 11 ай бұрын
For the 6% ROR in your calculations, what compounding frequency are you using?
@yourfinancialekg
@yourfinancialekg 11 ай бұрын
Compound not simple
@garyxyz4400
@garyxyz4400 11 ай бұрын
Why are their monthly expenses so much with paid off home? Our expenses were never that even when we had a mortgage. Also enjoyed hearing the lesser amount as the saved amount. Closer to reality. I was thinking of taking social security at 65 when I get medicare.
@yourfinancialekg
@yourfinancialekg 11 ай бұрын
Everybody is different and that includes spending. Cost of living in states make a big difference. Thanks for watching!
@METVWETV
@METVWETV 11 ай бұрын
My Property Taxes are almost 20K Utilities, one of the highest in the Nation, Add to that, one of the Highest State Income Tax Rates and Sales Tax....... Adds up quickly
@garyxyz4400
@garyxyz4400 11 ай бұрын
@@METVWETV you must live in a millipn dollar grand estate. I don't and never will.
@erichyney6287
@erichyney6287 11 ай бұрын
And at what time did you talk to GOD... ON your expiration date.. Enjoy your life. GOD will take care of you..
@yourfinancialekg
@yourfinancialekg 11 ай бұрын
Love this! Psalm 23:1
@METVWETV
@METVWETV 11 ай бұрын
@@yourfinancialekg The Lord is my shepherd; I shall not want.
@bruceeigsti5274
@bruceeigsti5274 11 ай бұрын
65 fir us 400k in a roth.. ill probably work a pt job 15 hrs a week fir a couple years
@yourfinancialekg
@yourfinancialekg 11 ай бұрын
Awesome!
@MekdesMolla-n9b
@MekdesMolla-n9b 22 күн бұрын
Hi
@crimsonpearl4686
@crimsonpearl4686 11 ай бұрын
This is encouraging for me. Will turn 62 in spring with $960,000.00 in retirement savings. Single, ZERO debt. Would LOVE to do a so called "soft" retirement at 62..."retire" from my full time job of 30 years, start taking RMDS, and pickup some fun part time job, say 15 hours or so a week, working on my terms.
@brucesmith9144
@brucesmith9144 11 ай бұрын
Good stuff. Best of luck and enjoy - you earned it.
@yourfinancialekg
@yourfinancialekg 11 ай бұрын
Awesome!!
@teams3345
@teams3345 8 ай бұрын
$1M should work with SS at 62.
@yourfinancialekg
@yourfinancialekg 8 ай бұрын
Yes!
@teams3345
@teams3345 8 ай бұрын
@@yourfinancialekg If they have no debt.
@daveslomski
@daveslomski 10 ай бұрын
If you are using real world scenarios for savings & age, please use real world required monthly income. Not everyone can possibly be $5000 average joe.
@yourfinancialekg
@yourfinancialekg 10 ай бұрын
I use real world scenarios. And that includes expenses.
@MekdesMolla-n9b
@MekdesMolla-n9b 22 күн бұрын
Ebriii
@rolandosouffrain7957
@rolandosouffrain7957 9 ай бұрын
It amazes me that a couple only needs $50 a yr but a single person doesn't need $25k a yr. Lol 😂😅
@mattf3348
@mattf3348 11 ай бұрын
PPL need about 3 mil to retire in comfort.
@corydoyal8709
@corydoyal8709 11 ай бұрын
False
@XDetoursX
@XDetoursX 11 ай бұрын
No they don't. Maybe you do, but a very high percentage of people can live comfortably in retirement on a million or less. To use a blanket statement of how much everyone needs is dumb. Every situation is different
@yourfinancialekg
@yourfinancialekg 11 ай бұрын
That seems like a lot of everyone to achieve.
@METVWETV
@METVWETV 11 ай бұрын
​@XDetoursX Hoping you don't call me stupid or anything but didn't You just do exactly that 🤔
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