Six Levels of Retirement Wealth -- How to Plan
About this episode
Kevin Lum discusses the six levels of retirement wealth and the specific planning priorities for each level.
Someone with $250,000 and someone with $5 million are both watching this video — but their biggest financial risks couldn't be more different. In this video, I break down the 6 levels of retirement wealth (based on Federal Reserve data) and walk through the specific planning priorities at each level. Because the truth is, most retirement advice on YouTube is a scattershot. What works for someone with $500K might be completely wrong for someone with $5 million. Your playbook should match your level. No matter where you sit, ask yourself: Do I have a real income plan? Do I understand my tax picture? Do I have a strategy for long-term care? Is my estate plan current?
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