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Is there a list of states you either do or don't provide service? I've looked on your website, but it would be nice to know whether the state we viewers live in is one of those and save your time and ours as far as making contact.

Great video thank you.

I am working and I don’t have to live life as someone else is telling me what to do! Health is the most important aspect of life! Also the problem with moving is that if your home has substantially appreciated you have to pay a ton of taxes 😮

60 1/2 here working part time no big debt , mortgage free , no loans . Gonna retire at 63 . Life is to short to keep working

I've been retired for 5 years now and I use a modified version of the 4% rule where I look at my year end portfolio balance and set my next year's spending at 4-5%. Of course as most investors know the past 5 years have had pretty amazing returns so my balance is up around $1M. My '25 plan is to spend 5% which includes buying a new car as well as paying off most of my debt. I'm thinking the next few years should be pretty decent for the market after an initial drop early this year so my portfolio should continue to increase a bit. I also keep in mind the "triangle theory" where I am in that small window where I have Time, Money and Health so I don't mind spending a bit more. 5 years from now that window sadly will begin to close as my ability to get around slows down. The good news is that should also reduce the amount of withdrawals I will need so a downturn in the market shouldn't affect that 4% withdrawal plan. good luck to everyone and pray for a successful '25..:)

If you are making the highest salary in your career and are currently in the highest tax bracket, why would you pay taxes now to move to Roth IRA instead of taking distributions on the traditional while in a lower tax bracket when retired?

I am reducing hours on my second job

No abundance to deaccumulation phase?

I like how you stated that a 20% probability of failure does not mean that your plan has a 20% chance of failing (thus running out of money), but a 20% chance of your withdrawal strategy needing changed. I like too how you encourage spending during one's lifetime vs. dying with a lot more money at the end of one's life compared to what one started with at retirement. Have you read Bill Perkins book "Die with Zero"?

Good stuff, thank you for your content, will subscribe

I found your channel through TH-cam suggested video. Your channel is very informative and interesting every video. I did the in house service conversion in my 401k in 2024. I did $3,000 in house conversion from traditional 401k to Roth 401k. It was easy and simple. That $3,000 is now $3,300. The label for this $3,30 is IRR. Each conversion will have their own date. Question, if I do in house conversion each year, will each conversion label own date? I am not yet 50 years old. It will be a long time to go for me to be 50 years old. I can’t wait, so I can add more into Roth 401k provision for 50 years old and older.

Some of the strategies are listed at 2:06, and pause the video

56 here. Aiming at retiring at 62. House paid off, no debt, investing max in retirement account and the younger wife has our benefits covered until she is ready to retire after me.

I'm so not worried about "over saving" for retirement.

Almost all taxes, sales tax, fuel tax, property tax and capital gains are taxes on money already taxed by income tax. We could end taxing on taxes by raising income tax to 50% so people could stop complaining for double taxing.

My concern is that this will cost retirees more in the long run than it saves us in the short run. This will take money from the Social Security Trust Fund and could cost us a 17% to 23% cut in benefits in 2033 instead of 2035. That cut will cost us more than the half of us that pay taxes on Social Security. Just a thought. I'm in the 85% bracket on paying Social Security so I'd gain on no taxes. But I look at the future as well as next week. A ton of people have no savings for retirement because they look at the short run and not the long run.

There is nothing the only thing they claim i could get spouse benfits i was married for over 25 yrs soical security told me I couldnt draw nothing

My employer has profit sharing but must be employed Dec 31 ? Im not waiting that long just to get $750 check? Im retiring🎉 in the Spring to enjoy the weather! 🤠😎

Most of my career I paid the max SSI tax . I personally would have been fine continuing to pay it if it meant I would not be taxed when I collected it . I bet most would

I don't understand spending $7k/mo NOT including housing! What kind of cable tv plan do they have? Is their power bill really that high? Is there a bitcoin farm in their basement? Are they eating out daily? Leasing 5 luxury vehicles? Oh well. Different strokes. 😂

I’m sorry but no bonds will ever be found in my account 😂

Went on disability and 50% of my salary 3 years ago. Got rid of all the toys and now I have more spending money than before.

For you early retirees, howare you going to pay for retiree medical before 65. Cobra is 1700/ month for me and my wife and only good for 18 months. The ACA under a Gold Plan is about 1,200/month for a high deductible plan, which is far less generous than my Employer Plan. You need a lot of Cash to retire early.

Retire asap. You can’t buy time.

64 here, paid off house, but wife won't let me retire, she needs my good company health insurance.

Retiring before 65 and paying for healthcare out of pocket. After some work changes I retired just before 64 and paying for insurance. Put me in the large category of those who are very happy with the decision. If you enjoy your job then sure continue working is fine. If you do not enjoy your job and you can afford it, look hard at retiring early.

Many retire at age 18 . Just need a parent with a basement.

My CFP stopped my hesitation in its tracks by telling me I have every asset except TIME. Retired at 60 and love the freedom.

Thank you.

I retired at 49. Now I’m 56 and would not change a thing.

This is great advice for someone like me who maxes out retirement accounts and the HSA. I never would’ve considered private insurance outside of company coverage and using the HSA to pay for it! Instead of the 19yrs to go, I can now say I only have 10 more years, assuming there are no major life changes, LUV IT, THANK YOU!

I’m 61 and I plan on working until I’m 70. I know too many broke old people, and I don’t want to be one of them.

Good video but you can’t ignore the investment earnings if you take it early. By definition, given an equal level of spending you either can invest your SS or if you spend it then you can keep other assets invested that you would have spent when deferring. That brings the break even to the mid to late 80’s or even 90 depending on returns

I retired at 63 and get $1900/month in ACA premium credits.

Geometric returns vs arithmetic returns - so enlightening! Such a critical difference in calculating your funds. I noticed that stocks that went up 15% a year but were flat for two years then went up 30% the third year did not make up the difference for the two flat years. I have to learn more math!

I’m 64 - turn 65 in October where I would like to retire. Not sure where Roth plays in my equation but I would be drawing from my 401k. $20k in an HSA - Cobra Medical Care if I leave early.

I'm 59 1/2. I haven't changed a thing. We are still investing $54k / year in a combination of pre-tax and after-tax buckets and still keeping our risk profile, though last year, I moved more into bonds with my belief that interest rates are likely to settle down. It's tough to know exactly when to retire, but I just know that I'm not there yet.

Preparation is critical. I was laid off at 59.5. Happy Retirement to Me. Unless my consulting business is more successful then anticipated, I will do Roth conversions in 2025 while I am in a low tax bracket.

If Cindy has a federal TSP account, she could have transfered some or all of her savings to an outside IRA before age 59.5. Also, i'm pretty sure TSP has a ROTH option. It just doesn't have as many investment options unless your willing to pay higher fees for that.

I was chomping at the bit waiting for 59.5. IT allowed me to do an in service rollover to an IRA which our 401K custodian did not allow until that age. I was able to actually invest the way I wanted. I am retired now at 60 ;-) and I have been making more in dividends than I was making in salary at my job.

This is a great idea to help seniors, but they always come up with a reason why they can't follow through with it.

These politicians must meet and figure, how can we screw the people out of a few more bucks, so they don't get ahead.

I retired at 61. Best decision I ever made.

If you own your home get a HELOC before you retire It’s just an additional chunk of money available for nearly nothing I pay 100 dollars a year for mine. Used it this year so I didn’t go higher on IRMA and paid it off in January.

Just a note to US viewers. If you live in the UK the state pays for long term healthcare if you don’t have the money to do so. Where I live, there is a tax specifically for LTH and the homes are well run and regulated, avoiding some of the horrible abuse stories we hear. I am extremely fortunate insofar as my savings mean I can afford to pay for 2 full time live-in carers when (and if) I get to that stage, and I bought my retirement home with that in mind but if I lose it all I can still get the healthcare I need, and paid for over the years through my taxes.

DITCH THE BOAT Not worth missing out on leaving millions as a legacy to your heirs.

I was married for 14 years.Got a divorce.Married again 21 years divorced again .Bit the ss administration never one time told me i could get benifits from it.I was disabled in 2017 after working all my life.Can i go back and draw or is it to late now.

The day after I turn 63!

Like Mike said in the comments- no debt (at all, no cars, no mortgage no student loans, zippo) and you're practically starting from abundance. I was lucky in that I do have a defined benefit plan paying 1/2 of my previous annual salary (at age 65), no need for SS until age 70. Just living on the pension + wife's SS (taken at age 65 cuz it wasn't much, she'll bump over to spousal when I hit FRA this June) + dividend income from the taxable account = pretty much what I was making before retirement. Then all of our parents died and now we have that wealth to account for. Now it is more about "what do I spend it on?"

So the advisors all seem to say use your savings and delay social security. I did some quick math, I would have to use 155k of saving to delay to age 67. At age 67 l would get an additional 1k a month. Here's the kicker From age 62 to 80 l would receive 551k in social security benefits From age 67 to age 80 I would receive 554k in benefits. Why would I spend 155k + earnings of my own savings when I would have received basically the same amount from social security at age 80. Plus I would have to start recovering my lost savings which seems to be at a rate of 1 k a month starting at age 80?