Why You May Need Less Money Than You Think to Retire

Video Description

How much does it cost to retire? This video discusses why you may need less money than you think! The video also discusses how people actually spend in retirement versus how they spent during their working years, as well as taxes and other deductions that workers pay that retirees do not. The video concludes with a discussion about the accurate cost of healthcare in retirement versus the scary numbers that you some might want you to believe. T-Rowe Price article on healthcare costs discussed in the video: https://www.troweprice.com/personal-investing/resources/insights/breaking-down-health-care-expenses-in-retirement.html FREE Retirement Ready Checklist: https://HolySchmidt.com/Checklist/ Important Links: Follow Me on Instagram: https://www.instagram.com/the_schmidtlist/ Geoff's Facebook Page https://Facebook.com/GeoffreyMSchmidt 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 THE CHANNEL’S MOST POPULAR VIDEOS Should You Take Social Security at Age 62 and Invest it? https://youtu.be/8Do6edWYRH0 7 GOOD REASONS to File for Social Security Benefits at Age 62 https://youtu.be/eOJnzLuyvIY Average Retirement Savings by Age 60. Are You Almost Ready to Retire?!? https://youtu.be/8lPdFPaXa1k The BEST AGE to File for Social Security Retirement Benefits https://youtu.be/CoPkYQ0smj0 3 Social Security "Little Known Facts" That Are REALLY Important https://youtu.be/uIXjbRYeYjI 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.