In this video I want to answer a subscribers question of "Can I retire." The question came from the retirement video: https://www.youtube.com/watch?v=LJ6CHK7hAZk, and he asked, "I'm 52 with $1,600,000 in Retirement Savings and Retirement Investments. When can I retire?"
Retirement Age 55 or 62 Retirement Assets: $1,600,000 in Retirement Investments & Retirement Savings $2,200,000 in Home Equity Retirement Income Want: $125,000 Social Security Projection: 62 $1800
I want to go through two separate retirement scenarios using age 55 and age 62 as his retirement date. Other concerns he mentioned were inflation in retirement, when to take social security in retirement, and health care cost in retirement. I try to answer all these retirement income strategy questions and give a few retirement income tips to help all viewers.
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 save for retirement, You Financial EKG™ is a great tool to help you understand where you are in your retirement planning journey. Retirement planning and retirement income strategies shouldn't be complicated. They should just be done right. Click Here to Subscribe: https://bit.ly/3wH3mgb
**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.**
