Пікірлер

• 
  @rolandosouffrain795712 сағат бұрын

  Im 48 and my Roth 401k is at $61K.🎉🎉🎉🎉

• 
  @yourfinancialekg46 минут бұрын

  Sweet!

• 
  @neclakonak538417 сағат бұрын

  Thank you so much ❤

• 
  @yourfinancialekg46 минут бұрын

  You're welcome 😊

• 
  @csx2k19 сағат бұрын

  No. I just saved you 18 min of your life. You're welcome 😊

• 
  @yourfinancialekg45 минут бұрын

  lol

• 
  @williewonka6694Күн бұрын

  you can retire with $0, and without SS, but, you'll be living on the street and hustling for needs. Its all about the cost of the life you want and determining your probable span.

• 
  @yourfinancialekg45 минут бұрын

  Good point

• 
  @randall8379Күн бұрын

  Soc Sec average of $1,800 is at least $200 net after Part B deduction!

• 
  @yourfinancialekg45 минут бұрын

  $174 but yes!

• 
  @randall837933 минут бұрын

  @@yourfinancialekg So we are talking about a little more than $1,600 net Social Security. This is never made clear in articles and broadcasts about Social Security

• 
  @vipceshКүн бұрын

  150 isn’t much at 50….

• 
  @yourfinancialekg45 минут бұрын

  But its a good start!

• 
  @zoomzoom3950Күн бұрын

  RMD at 72 or 73 is not a factor?!

• 
  @yourfinancialekg44 минут бұрын

  Of course!

• 
  @user-eq4kg7yp1s2 күн бұрын

  Hi Drew, I'm married almost 62 stressed to the max I might have 125k by the time SS starts in September Depending on what happens in the next couple months, I will either quit work or go part time. EKG sounds like something to set me straight Please

• 
  @yourfinancialekg44 минут бұрын

  Awesome, please reach out to us at pearlwealthgroup.com

• 
  @zoomzoom39502 күн бұрын

  Look at the break-even points for starting social security. IIRC, my 62 vs 67 break-even age is 78; my 62 vs 70 break even age is 81. I plan to retire early in 1-2 years; maybe 3 depending on a few factors: health, time, and hobbies, that I want to have several years or more to enjoy. Between the time I retire and coerced RMD's begin, I plan to do Roth conversions to lower the amount of my future RMDs, trying to stay at or below the 24% tax bracket. the break-even ages are offset by coerced RMDs starting at 73, so any loss in annual social security income based on my age when I started taking social security, will not impact me when compared to the taxes on the RMD, and taxes on social security income because of RMD. Hopefully, by the time I get there I'll have reduced my RMD tax bracket to at or below the 24% bracket, or whatever that bracket is in the future

• 
  @Gloppp2 күн бұрын

  Very helpful indeed - Making just over what John makes, & have 287k in a vanguard digital advisor account, that i push 1k a mo into / a retirement that will kick out $4100 a month, & a 457B that should hit about $1k a month. My home is paid off and i am holding 28k in the bank for home improvements so i can retire in 1 year at 59.5 years old - awesome post! it was nice to see how you walk through all of the variables.

• 
  @yourfinancialekg44 минут бұрын

  Awesome, thanks for watching!

• 
  @spookietowne79322 күн бұрын

  Good info in your video. Although my question is SS related, it differs from this content. Can you explain how the maximum allowable SS benefit in 2023 was $4,555 per month but in 2024 that maximum increased by 7% to $4,873 when the COLA for 2024 is 3.2%? I mean, why isn't the maximum for 2024 $4,700 per month? This info would be helpful. Thank you for taking the time!

• 
  @yourfinancialekg3 күн бұрын

  **Free Retirement Download: The Checklist to Retirement:** 📊 pearlwealthgroup.com/ **

• 
  @EdA-bz3bu3 күн бұрын

  Gamble

• 
  @yourfinancialekg3 күн бұрын

  Gamble what?

• 
  @tpmarkham3 күн бұрын

  Can I retire with $80k at age 64 that I am right now?

• 
  @yourfinancialekg3 күн бұрын

  Need more data but could be a great video

• 
  @andreaadams82323 күн бұрын

  I don’t think this covers increased medical expenses that occur during aging properly.

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  @yourfinancialekg3 күн бұрын

  How so?

• 
  @johnscott27463 күн бұрын

  I retired at 61. After paying off my house and truck and credit card, leaving us with no debt, I had $594,000 left in retirement accounts. My much younger wife retired two years later at the end of the year I turned 63. I am now 65 and we are still spending down my traditional Ira while I wait until 70 for Social Security. My wife also has a 401(k) from her previous job. All together we have about $592,000 in our retirement accounts and we are doing fine.

• 
  @yourfinancialekg3 күн бұрын

  Awesome!

• 
  @elginb4 күн бұрын

  I didn’t know people in Tampa spoke with a southern accent. It sounds great.

• 
  @yourfinancialekg4 күн бұрын

  Florida is in the south, right? Thank you!

• 
  @tfc8504 күн бұрын

  Appreciate you.

• 
  @yourfinancialekg4 күн бұрын

  Appreciate you watching 🤜

• 
  @DaveM-FFB4 күн бұрын

  Yes! Stay invested. Even during a correction year, like in 2022. If you feel the urge to sell in a down market, it's probably because your portfolio was too aggressive in the first place.

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  @yourfinancialekg4 күн бұрын

  Amen

• 
  @johngill28534 күн бұрын

  Good job 👍

• 
  @yourfinancialekg4 күн бұрын

  Thanks John!!

• 
  @bobbyt74484 күн бұрын

  I retired at 55 in 2022, with 550,000. I've been drawing down, but I currently have 565,000. Thank you markets. 😊

• 
  @yourfinancialekg4 күн бұрын

  Amazing!

• 
  @helomech19734 күн бұрын

  Why only a 200k increase in 7 years?

• 
  @ashdobbs4 күн бұрын

  no!

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  @yourfinancialekg4 күн бұрын

  Thanks!

• 
  @srikanthk57694 күн бұрын

  You mean from investments to permanent life insurance, that kind of transition?

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  @yourfinancialekg4 күн бұрын

  No way!

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  @METVWETV3 күн бұрын

  ​@yourfinancialekg Yeah... What was that about?!! He has to be an Insurance Agent! 😂😅😂

• 
  @7SideWays5 күн бұрын

  Manage the gap years if you retire early. Retired 16 yrs before 59.5. Manage debt and invest in what you know outside of 'retirement'.

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  @yourfinancialekg4 күн бұрын

  Awesome comment!

• 
  @cheweyrp5 күн бұрын

  Being 25, wish i can put all my social security money in the s&p500, in 40yrs i doubt ill get anything

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  @yourfinancialekg5 күн бұрын

  No doubt

• 
  @efthimios5 күн бұрын

  I just turned 50 and have a million in my 401 and wonder how to use it, I don’t want to just use it but wish can make it so k can live off its interests ?

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  @yourfinancialekg5 күн бұрын

  That's awesome! You certainly can do that. Reach out and we can chat.

• 
  @MatrixMatched5 күн бұрын

  Thank you for this information. I’m crunching the numbers now

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  @yourfinancialekg5 күн бұрын

  You got this!

• 
  @DamianCarlos-f3z5 күн бұрын

  How about creating a bucket strategy for different expenses and time horizons? Anyone familiar with this?

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  @yourfinancialekg5 күн бұрын

  That's a great idea

• 
  @victorialopez44996 күн бұрын

  As a 30 year old trying to retire by 55, this has been he best most concise explanation. You made it very clear what to take into consideration. Thank you!

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  @yourfinancialekg5 күн бұрын

  Thank you for watching!

• 
  @VitruvianMan186 күн бұрын

  Yes, the answer is yes

• 
  @yourfinancialekg6 күн бұрын

  Yes!

• 
  @steph38146 күн бұрын

  Thanks for the videos you post. I am more focused on day trading & Scalping long or short but, I can see the value of your channel to learn Swing & position trading. 👍

• 
  @derrickcolemansr84656 күн бұрын

  $500 a month for health insurance???

• 
  @DK-pr9ny6 күн бұрын

  At least..

• 
  @Jonsbasecamp5 күн бұрын

  It can be done.

• 
  @deanrotering8794 күн бұрын

  $700 at most

• 
  @user-iv3wh5sz6z6 күн бұрын

  How does anyone have $67,000 in the bank? Wishing I was there.

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  @yourfinancialekg6 күн бұрын

  You can do it!

• 
  @johngill28536 күн бұрын

  VT (total world index) would be my recommendation if you can handle 100% stocks in your 40's I was actually 20% bonds in my 40's(family with one income so I took less risk)

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  @yourfinancialekg6 күн бұрын

  Thanks John!

• 
  @brianbunk90576 күн бұрын

  Another informative video a very real world example in savings and SS.

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  @yourfinancialekg6 күн бұрын

  Thank you for watching!

• 
  @donnymac5757 күн бұрын

  How do I calculate how much I need to retire at 62 when I don't intend to take social security until 67 or 70?

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  @yourfinancialekg5 күн бұрын

  You need to figure out how much you need yearly and then look at how much you have in projected investments. Take the need and divide that be the projected to give you a percentage of income withdrawal. If that percentage is above 6%, you need more in the projected bucket or lower income need.

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  @donnymac5755 күн бұрын

  @@yourfinancialekg Something like this? Need = $120k/year, Projected Investments = $3M at age 62. $120k/$3M = 0.04 or 4 %. 4% is less than 6%, so good to retire at 62 and not take SS until 67.

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  @ILostThemInABoatingAccident7 күн бұрын

  Great video! Is a Brokerage Link account attached to your 401k considered an IRA or 401k. Do the same rules apply if you wanted to retire at 50 instead of 55?

• 
  @unclefester65017 күн бұрын

  Math lies plenty. Lies, damn lies, and statistics. SC

• 
  @yourfinancialekg7 күн бұрын

  Math never lies 😂 !!

• 
  @mucusofwanderhome69458 күн бұрын

  Good video. If he is so conservative how did he get to 1.3 million at age 53? 🤔

• 
  @yourfinancialekg7 күн бұрын

  Compound interest and consistency

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  @mucusofwanderhome69455 күн бұрын

  @@yourfinancialekg that’s why I’m asking I’m familiar with the territory and I did not get there by being conservative 😂

• 
  @davidmuse40658 күн бұрын

  I guess her property taxes and home insurance must be really low as $700 seems low or doesn’t include her property tax and insurance?!

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  @yourfinancialekg7 күн бұрын

  No P or T in the payment

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  @Rmmlom8 күн бұрын

  The faster you get your money the better off you will be. Most people don't live till 67 and that is the plan they have. Keep you off the pay roll of retirement. We'll like you said for a very good reasons most take retirement early. And most do not have the luxury of a other funds. Thinking of age 64 to start these funds for retirement SSA collection..! Thank you for your advice Sr.

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  @yourfinancialekg5 күн бұрын

  Thank you so much for watching!

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  @gorelowjeff50549 күн бұрын

  I wish this would have been a little longer video. I'm just not really understanding what you mean

• 
  @yourfinancialekg7 күн бұрын

  Check out some of our other videos. This was a short so it can only be 60 secs

• 
  @gayle22769 күн бұрын

  You can say budget. Budget just means a plan. It means you know what you make and what you spend. Budget is ok. If you dont have a budget its not ok.

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  @yourfinancialekg5 күн бұрын

  Thanks Gayle!