📜 Retirement planning example for a family👨‍👩‍👧‍👦 SSA, 401(k) , college planning

Описание: ✒️ Planning for retirement while balancing college expenses and Social Security benefits can be overwhelming. In this video, Brett Croft breaks down a real-life retirement planning example for a family, covering SSA, 401(k), and college planning. 💷 Together with Lyubomyr Ostapiv, they discuss smart strategies to optimize retirement savings, ensure financial stability, and prepare for your child’s education without jeopardizing your future security. 💫
#ImmigrantsFinancialFreedom #immigrants #usimmigrant #casestudy #401k #401kplan

✅ How to maximize Social Security benefits (SSA)
✅ Strategies for growing and withdrawing from your 401(k)
✅ Smart college savings plans that won’t disrupt your retirement goals

If you want to make informed financial decisions for your family’s future, this video is a must-watch! 💡💰📚

❓ Please comment if you have any questions, and like such a format as a case study analysis so we can record other videos.

🔮The useful links:
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💁‍♂️ The speaker's contacts:
Brett Croft
email: [email protected]
Phone: ‪(802) 952-0209‬
website: https://www.croftfinancialplanning.com

✒️THE CASE STUDY
The family lives in Pennsylvania, 2 parents 40 years old, and two school kids 6 and 9.
The husband makes $90000 per year, and his 401k contribution is $20000 a year. He has around $110000 in his 401K already .
The wife that not have a stable job, and her self-employment makes $36000 before taxes for the last year. No retirement contributions so far.
Their rent is $3000 per month. Total lifestyle expenses $70000-100000 depending on the year.
No credit card or student debt.
They have an emergency fund of $25000 in checking accounts.
Their primary request is how much they need to save for retirement. Also how they should invest for retirement.

🤑Timecodes:
01:10 About Brett Croft
04:30 How much does the family need to save for retirement?
19:30 Cultural differences
23:26 Income increasing or Expenses reducing?
25:32 401(k) investments
26:38 Reasonable expectations of profitability
29:10 Other advises

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🤝 Please note that our videos are subtitled in English 💙🤍❤️, Spanish 💛❤️and Ukrainian 💙💛. Turn on subtitles if they can help you.
The subtitles were generated using the Vidby automatic translation program.

🎵 Music of intro-autro by Sumu "Apart". Music provided by NoCopyrightSounds
#ImmigrantsFinancialFreedom #immigrants #usimmigrant #casestudy #401k #401kplan

❗ The information provided in this content is for educational purposes only and does not constitute financial, legal, or investment advice. The information is of a general nature and does not address the circumstances of any individual or entity. While we aim to provide accurate and timely information, we make no guarantees about the completeness, reliability, or accuracy of the information provided.

❗Investment involves risk, and you should conduct research or consult a licensed financial advisor or other qualified professional before making any investment decisions. Any investment decisions you make are at your own risk, and we are not liable for any losses or damages arising from your use of this information.

❗Neither Lyubomyr Ostapiv nor Wealth Gardens LLC is affiliated with any broker, dealer, insurance, or investment companies. Wealth Gardens LLC is a fee-only firm, meaning it does not receive any cashbacks or commissions from financial vendors or third parties.