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Just a note about tax brackets. If for example if we are in the 22% bracket, that does not mean all your income is taxed in that bracket. It starts like a ladder and works its way up to 22%

Thank you.

People can cut down on hotel bills by researching how to sleep safely in their cars. Bob Wells and others have videos on this. $100 - 300 dips into one's budget. I like a lot of the points listed in this video. Good luck to us all! ✨😊✨

Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I’m considering investing in stocks, but I’m not familiar with effective market strategies.

How money to you need, to get one

@Barnaby Barry the Average Cal-Pers pension is $35,000 - 40,000 per year. I’m not sure where you got your info from. Yes there are those careers that can give you 6 figure retirement income but obviously that’s not everyone and every career. My Wife and I are Cal-Pers Pensioners. she is at the average from the Local School District. I’m the one who Climbed the Career Ladder to walk away with a much larger Pension from 30 yrs. Of service At a SoCal Municipality. And an absolute Blessing for sure.

With a Roth IRA, contributions are made with after-tax dollars, meaning you can withdraw your contributions at any time, tax-free and penalty-free. Additionally, any investment gains can also be withdrawn tax-free and penalty-free upon meeting certain conditions. I’m currently debating whether to continue contributing or to liquidate my $338k stock portfolio-I'm at a crossroads.

Appreciate the content! By the way: I have the SafePal Browser Extension Wallet with USDT, and I have the seed phrase. (job priority warm lab border boil monkey manage palace fiber weird ask). How can I move it to Binance?

I'm 58, and my net worth is approximately $80k, under the median. I have $10k in an emergency fund, no debt, I max out my HSA, and I'm contributing 25% of my income to a 401k. I can increase that percentage each year. I know I'm behind, what can I do to catch up?

Collecting a police pension is 13k a month. COLA average of 3% a year. About to collect a 2nd pension but only 1k a month. Cola dependent on CPI

Im cant retire until 66 bc 84 rule..so im delaying till 70 Using few years with no income & roll over 401k wyt🤔

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio

My fed pension is 62k net, including health insurance eduction, it’s great, the pension fund is in great shape solvent for at least the next 75 years

Or simply move to California and get a CALPERS pension-but you have to work 30 years-all career fields-$100K annually w COLA for life! Unless Disneyland and Hollywood closes down your good!

I will have 4 different pensions when I finally retire. I already have 2 pension and they both receive cola increase. My next two will also receive cola increases. Without having a solid plan for my future when I was 18 I managed to make the best decision for myself. I’m looking forward to the future.

I would say most private employer pensions do not have a COLA. I'm curious to see data on that.

My employeer phased out their pension plan several years after I hired on. I am very lucky that I got it.

I'm 45 and currently my pension is estimated to be $7,000 monthly and expected to increase over the years. And…I get to carry my insurance with me, but I have to work till I am at least 55. I also have a supplemental retirement account that I am maxing out ($23k) annually. I can pull from the account at 55 with no penalty. My goal is to start a Roth. When I was younger, I didn't understand/ appreciate it but now l'm so....grateful. I watched so many Financial Advisors/Retirees over the years who gave good advice and inspired me.

I'd like to hear your take for those of that can take a lump sum option. For example, mine is around $275K lump sum payment, or I can get about $1400/mo, less if I take the survivor option.

Retiring end of December at age 63, Pension will be 3 k month. Not sure if I am going to take my SS, probably will wait till least 65 , maybe 67, have a pretty good HSA also. Also decent portfolio as well as decent cash saved

This is great I’m happy to see things happening

You are not "my friend" and you belittle this important word by using it to mean "my stupid sucker, available to be manipulated for my financial benefit".

Given that the average person has now somewhere between 8 and 12 jobs in their lifetimes, the whole working economy has a big interest in getting rid of all pensions. It will take the average persons remaining lifetime to figure out what their actual pension amounts will be. Already takes the Fed Govt 6-8 months to figure out just the Federal pension amount for a person with multiple jobs, both inside and outside the government, and you throw a divorce in there, and youll be dead by the time you get a real payment. So in exchange, 401ks need to be a LOT more generous -- matches at 2-5x -- with around 25% in Fed bonds and at least 50% in stocks.

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 200k to a decent 632k in the space of a few months... I'm especially grateful to Evelyn Infurna, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

Thank you for your time creating this excellent video!🎯

I have 2 pensions, 401 k traditional plus social security. I used the IRS 55 rule on my traditional 401-k and left the work force at 57. I paid no 10% penalty, no state or local income tax (Florida). I took a lump sum on one of my pensions too. I'm 60 years old now. In 2 more years I will take a monthly payment on my 2nd pension and Social security soon after that. I want to start collecting social security early so my wife can get half of my benefit using the spousal benefit!

Awesome ❤

Best of luck ❤❤

I have a defined pension available. I can start it right away or, as usual, if I wait there will be more, per month. I’m trying to figure out the calculator .. where would the amounts even out as I age (?). It’s my decision , I know, but it can be like reading a crystal ball. I appreciate your information via this video.

Great Interview... lots of wisdom

Very informative video. Can you tell me, what do Snowbirds do about protecting their second home from Squatters? Seems to be a lot of that happening lately with people coming home to find it occupied by someone without permission.

Thanks for your content.

Very helpful. Thank you.

After retiring with 3 pensions, military, local government, and 31 years with a telecommunications cooperative. What I wished I had back when I started was a Roth 401K/IRA. Defined contributions plans are partnerships with the IRS. Now I'm busy doing Roth conversions. Plus, there is a rule of 55 where you can retire and draw from your 401K without the 10% early withdrawal penalty. This only applies to the 401K though! I did it, and your distributions have to be of equal amounts. Bob is right though, the earlier you become financially literate, the better you understand your investment options.

Thanks for the great content, Stone House Retirement!

Great explanation however she forgot the Reserve and National Guard option for service members. This Reserve pension provides the best of both worlds and sevice members can extend their service ensuring a pension at age 60 for life. Also, once someone seperates from service they can no longer contribute to Thifts Savings Plan. The Reserve option allows someone to stay eligible for future contributions up until seperation from service. This can be significant as it provides extended contribution time for the service members past active duty time. Also, any reserve service member that accumulates 7200 points recieves an active duty pension upon obtaining those points instantly prior to age 60 which is not easy. The reserve pension is paid generally at age 60 however there is a age reduction for certain time spent deployed in the War on Terrorism. Just a very important option they didnt cover. I am fortunate to have a AF Reserve pension and im 5 years away from colllecting my 2nd pension. Thank You for your Service Barbera and all you do for our Veterans. Folks, if you encounter a Veteran when you out and about, take the time to Thank them they deserve our admiration !

It's nice to see someone talking about planning with pensions. Many folks with DB pensions will be subject to the WEP. Perhaps you could cover that topic since it can be a bit tough to factor in. Thanks.

For every almost every rule there's an exception, especially when it comes to taxes! I don't often see videos about pensions since they are so rare these days. There are a lot of things to consider, I don't know if it's common for defined benefit pensions but mine has an early payout penalty (% reduction per year before 65), and the lump sum would be a lot smaller right now since interest rates are higher.

Lump sum is usually a bad idea. The only reliable winner is the financial planner who charges based on the size of the assets under management.

Thanks for the video, very informative. I'm one of the fortunate few that have two pensions. One is from 21 yrs of military service and the other is a defined benefit plan pension from the corporate world (rarity these days). I was laid off after 17 years with them a few weeks ago with 8 months severance but was hoping for it since I planned on retiring early next year. So now I can say I retired twice at the age of 56. Not too bad.

Thanks for the share and good analogy of going for a flight

Thanks for the outstanding content. Well done!!

Thank you for your service Barbara

Vets rock! Thanking them very much for their service!!

Well said

Thanks for your outstanding content. Well thought out and communicated!🔥

Jason you have not changed a bit. Humble,honest and smart. God bless my friend!!!! Well done 👏👏👏

Thank you. Good stuff.

Great presentation, appreciate the comprehensive list of things to consider, both financially and socially!

Thankful for all your helpful content! Happy Thanksgiving to you, fun fact: Jingle Bells was written for Thanksgiving, not Xmas.☃