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@pacifist861011 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.
@yourfinancialekg11 ай бұрын
Great point!
@suespony11 ай бұрын
This is fascinating to me. How much would it cost me to have you do this for me?
@yourfinancialekg10 ай бұрын
Please contact us at info@pearlwealthgroup.com
@corydoyal870911 ай бұрын
For the 6% ROR in your calculations, what compounding frequency are you using?
@yourfinancialekg11 ай бұрын
Compound not simple
@garyxyz440011 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.
@yourfinancialekg11 ай бұрын
Everybody is different and that includes spending. Cost of living in states make a big difference. Thanks for watching!
@METVWETV11 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
@garyxyz440011 ай бұрын
@@METVWETV you must live in a millipn dollar grand estate. I don't and never will.
@erichyney628711 ай бұрын
And at what time did you talk to GOD... ON your expiration date.. Enjoy your life. GOD will take care of you..
@yourfinancialekg11 ай бұрын
Love this! Psalm 23:1
@METVWETV11 ай бұрын
@@yourfinancialekg The Lord is my shepherd; I shall not want.
@bruceeigsti527411 ай бұрын
65 fir us 400k in a roth.. ill probably work a pt job 15 hrs a week fir a couple years
@yourfinancialekg11 ай бұрын
Awesome!
@MekdesMolla-n9b22 күн бұрын
Hi
@crimsonpearl468611 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.
@brucesmith914411 ай бұрын
Good stuff. Best of luck and enjoy - you earned it.
@yourfinancialekg11 ай бұрын
Awesome!!
@teams33458 ай бұрын
$1M should work with SS at 62.
@yourfinancialekg8 ай бұрын
Yes!
@teams33458 ай бұрын
@@yourfinancialekg If they have no debt.
@daveslomski10 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.
@yourfinancialekg10 ай бұрын
I use real world scenarios. And that includes expenses.
@MekdesMolla-n9b22 күн бұрын
Ebriii
@rolandosouffrain79579 ай бұрын
It amazes me that a couple only needs $50 a yr but a single person doesn't need $25k a yr. Lol 😂😅
@mattf334811 ай бұрын
PPL need about 3 mil to retire in comfort.
@corydoyal870911 ай бұрын
False
@XDetoursX11 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
@yourfinancialekg11 ай бұрын
That seems like a lot of everyone to achieve.
@METVWETV11 ай бұрын
@XDetoursX Hoping you don't call me stupid or anything but didn't You just do exactly that 🤔