Retirement Income Strategy for 61 Year Old With $1,200,000 || Social Security & Roth IRA Conversion
In this video I want to go through a Retirement Income Strategy for a 61 year old with $1,200,000 in retirement savings and retirement investments. In this retirement strategy, the couple is asking “Can I Retire”, but also asking, “when should we collect our social security benefits,” and “what about taxes?” Social Security benefits claiming strategies (https://amzn.to/3pnm62l) are essential to anyone’s retirement planning and need to be carefully planned out. TAXES are also a HUGE component to a retirement planning strategy and need even more attention than Social Security (https://amzn.to/32kmvdo).
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.
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Retirement & Financial Planning Resources:
-Have You Ever Been Bitten by an Elephant?: The Definitive Guide for Retiring Well by David & Drew Blackston: https://amzn.to/3pnm62l
-Retirement Planning Guidebook by Wade Pfau: https://amzn.to/3FqxMpI
-Common Sense Investing by Jack Bogle: https://amzn.to/3H1Gn3p
-The Intelligent Investor by Benjamin Graham: https://amzn.to/3mpNDyd
-A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today by Matthew Kratter: https://amzn.to/3qmkHtk
-The Blessed Life by Robert Morris: https://amzn.to/3Ehxq4f
-Total Money Makeover By Dave Ramsey: https://amzn.to/3szoLrW
-Retirement Savings Time Bomb by Ed Slott: https://amzn.to/32kmvdo
Other videos you might like:
Can I Retire at 55 with $2,000,000 : https://youtu.be/LJ6CHK7hAZk
401k Contribution Limits for 2022: https://youtu.be/yDKOk-I8HL8
How to calculate YOUR retirement income: https://youtu.be/jUQytd4qAjg
Average Retirement Savings Balance by Age & Race: https://youtu.be/ZS7UMVvWs9E
Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
Tools Used To Create Video:
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-Glass Board: https://amzn.to/3FdGKYe
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