When is a Retiree Considered "Wealthy" ??? | FRB Data

This video discusses what "wealthy" means in retirement. The video uses the most current Federal Reserve Board data and segments the "Age 65+" category into Poor, Middle Class, Well Off, Wealthy and Super Wealthy. Retiring rich is in the eyes of the beholder, and while no one definition exists, you know it when you see it. This video explores the age old question what does wealthy in retirement mean? FREE Retirement Ready Checklist: https://HolySchmidt.com/Checklist/ Important Links: Follow Me on INSTAGRAM:   / the_schmidtlist   Geoff's Facebook Page   / geoffreymschmidt   Federal Reserve Board Survey of Consumer Finances: https://www.federalreserve.gov/econre... 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/retireme... THE CHANNEL’S MOST POPULAR VIDEOS Should You Take Social Security at Age 62 and Invest it?    • Should You Take Social Security at Age 62 ...   7 GOOD REASONS to File for Social Security Benefits at Age 62    • 7 GOOD REASONS to File for Social Security...   Average Retirement Savings by Age 60. Are You Almost Ready to Retire?!?    • Average Retirement Savings by Age 60. Are ...   The BEST AGE to File for Social Security Retirement Benefits    • The BEST AGE to File for Social Security R...   3 Social Security "Little Known Facts" That Are REALLY Important    • 3 Social Security "Little Known Facts" Tha...   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.