The 6 Levels of Wealth in Retirement | How Do You Compare

Video Description

How do the ultra-rich live in retirement — and how does this compare to everyone else? In this video, we break down the 6 levels of wealth in retirement, based on real data from the Federal Reserve’s Survey of Consumer Finances as well as six commonly discussed "wealth classifications." From the financially vulnerable to the ultra-wealthy, this guide shows how retirement wealth affects everything — daily routines, healthcare access, nutrition, housing, social life, legacy planning, and even clothing choices. We explore what wealth in retirement really looks like: -What life is like on $30K a year versus $500K+ -How retirement wealth shapes freedom, purpose, and peace of mind -What average retirees can learn from those in the top 1% of the top 1% -How lifestyle changes — not just money — can improve your retirement If you've ever wondered where you stand — or how to move up — this is your roadmap to retirement wealth. Whether you're already retired or still planning, this breakdown will help you understand the real differences between levels of wealth in retirement and give you simple actions to improve your own future. _____________________________________ OUR THREE MOST POPULAR YOUTUBE VIDEOS OF 2024 10 CHEAP Purchases That Make Retirement SO Much Better: https://youtu.be/Rp3eLIJVlPs 7 Things a Retiree Should NEVER Disclose: https://youtu.be/8Vekr5Nwlfg 8 Ways You Can LOSE Your Social Security Payment: https://youtu.be/W8K9DgGUznA _____________________________________ OUR THREE MOST POPULAR ARTICLES ON HOLYSCHMIDT.COM How to Find the Right Medicare Plan: https://hlyshm.it/BestPlan Give My Regrets to Spreadsheets: Why You NEED Personal Financial Planning Software in 2025: https://hlyshm.it/ha2 Financial Tools Worth Every Penny: https://hlyshm.it/ha3 _____________________________________ OTHER IMPORTANT LINKS: FREE Retirement Ready Checklist: https://hlyshm.it/ha5 Follow Me on Instagram: https://hlyshm.it/ha6 Geoff's Facebook Page: https://hlyshm.it/ha7 Federal Reserve Board Survey of Consumer Finances: https://www.federalreserve.gov/econres/scfindex.htm Social Security Administration Application for Benefits https://secure.ssa.gov/iClaim/rib Current Social Security Cost of Living Adjustment https://www.ssa.gov/cola/ Social Security Payment Estimator https://www.ssa.gov/benefits/retirement/estimator.html Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.