Retirement Strategies with 150k or LESS Saved for Retirement

Retirement Strategies with 150k or LESS Saved for Retirement
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Thinking about retirement but worried your retirement savings are falling short? This retirement video offers practical retirement strategies to make the most of your retirement funds. Discover how to optimize your lifestyle, minimize retirement expenses, and maximize your retirement returns. Learn about low-cost investing options, part-time work opportunities, and other creative approaches to extend your retirement savings. Don't let a smaller nest egg hold you back from achieving your retirement dreams.
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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, a Your Financial EKG™ is a great tool to help you understand where you are in your 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
3905 Tampa Road Unit 26
Oldsmar FL 34677
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[@punisher6659]

This one seems familiar. Im watching though.

[@punisher6659]

Hello from St.Louis.

[@dennineeacott8763]

Could you please say that although you may get 100% of FRB you are still paying for Medicare part B out of those funds. So it isn’t 100%

[@LastCalvertStanding]

Drew, I may have missed you covering my question in a past video but I have to pay into a pension which is deducted pre tax of course. I’ve heard many say an HSA is the next thing to focus on until the contribution limit is met because of the triple tax savings but recently I heard a Roth IRA should be the next thing to focus on investing in after pension contributions, not an HSA. Would love to hear your thoughts on this?

[@yourfinancialekg]

Both are awesome and you can contribute to both. At first think about splitting your contribution between the two.

[@LastCalvertStanding]

@ Diversify! I like it! Thank you sir!

[@Abraham.Lincoln22]

A paid off house is obviously great but it doesn’t provide needed cash flow for living expenses.

[@myvenusheeler]

Well, if the home is paid for, he is not paying monthly rent. Even with his yearly property taxes and insurance divided by twelve months his "rent" is quite low which equates to a better cash flow.

[@jjred233]

I guess the real question is why purchase a home after a divorce. You are single so you can live just about anywhere. I can guess there was no money to invest until the house was paid off.

[@myvenusheeler]

@@jjred233 Why not. Ownership always trumps transient renting.

[@91210paige]

I guess I'm getting confused on the fact if he had 800k at retirement and it gained 4% a year it's 32K a year divided by 12 is $2666 a month so wouldn't it be that he only needed to actually take about $600 out every month extending his money? And at 5% growth on his 800K he'd have $40k and not need to touch his 800k at all?

[@91210paige]

While you do a great job I think your over estimating his expenses as it's proven as you go from 60 to 70 and 70 to 80 your expenses go down not up.

[@jamesstpatrick8493]

You repeat yourself too many times. I heard 150k so many times!