In this video lets go through a Can I Retire scenario for a 50 year old with $1,500,000 in Retirement Savings and Retirement Investments. His retirement concerns are when should I claim social security, how much retirement income should I spend, and what about taxes in retirement. We are going to address all these retirement questions and look at how long his retirement savings and retirement investments are going to last throughout his retirement.
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.
0:00 Can I Retire at 50 with $1,500,000 in Retirement Savings and Retirement Investments? 4:47 Retirement Planning at 50 9:25 How Much Retirement Income Do I Need 13:25 Tax Planning
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