If you look at the s & p from 2000 until 2012 it was a no gain, most of the growth was in the last 12 years. So it matters when you get in and get out. I’ve been it the whole time, finally so seeing benefits now. I think it was similar for the market as a whole as well. The next 12 years will be interesting.
I’m 45 and aiming to retire with $2,000,000 by age 60, but it feels like an uphill battle. I have about $550k saved in my 401(k), but with inflation and market fluctuations, I’m starting to question if it’s even possible.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $6.5m retirement goal after subsequent investments to date
My CFA, Monica Mary Strigle, is a renowned figure in her field. Monica takes the time to understand her clients' unique financial situations and goals, providing personalized recommendations that have made a significant impact on their financial well-being. Since working with monica , I've seen my retirement savings grow by 45% annually.
Just looked up Monica Mary Strigle and found her consulting page. I’ve got to say her credentials are truly impressive! I've scheduled a call to discuss further
As a federal employee, I am concerned. I'm 6 years away from being able to collect a pension, that I have worked decades for. I was planning a great and safe retirement but, the rug might be pulled out from under me. Fingers crossed, the next administration is too busy to focus on my employer. 🤞✌🌱
I was at your live stream last week and almost asked about exactly this topic! Trump could easily screw up the economy with tariffs or health care by repealing the ACA. Is it really correct to just ignore all of this when deciding asset allocations? Should we have a back-up plan in case the ACA gets repealed?
Beliefs can be wrong. Are you right? Or are you wrong? Having been purchasing insurance prior to and after the ACA, I believe the ACA is what screwed up health care. In addition my dentist and my general doctor (both small single doctor offices) had to hire multiple office staff to deal with the ACA imposed requirements. Would repealing the ACA "fix" health care? I doubt it, but I doubt it would make it worse. (Check out the Singapore model - basically requiring posted prices instead of forbidding that like we do - I think that is the fix we need.)
@@Sylvan_dB My wife is a cancer survivor and I have several pre-existing conditions. If the ACA were repealed, we'd never be able to get health insurance without having an employer, so our FIRE dreams would be over. Our "plan" if the ACA goes away is to hope that one us can find a part time job that offers insurance.
@@dreikas9016 My family experience pre-ACA was that if you had current insurance, you could buy new insurance. This included going from employer to private and private to private. The problem with "pre-existing conditions" was only if you were uninsured and trying to become insured and then there was a limited choice in policies and usually a waiting period before the parts of the policy would take effect. In other words, playing the game of going without insurance and trying to buy insurance when you needed it.
Right. I wish I had seen this a few years ago! I finally figured it out for myself: What if ____? What can I do about it? Some things I just decided, "I'll cope, because everybody will be coping." Little things like the market dropping 50% like it did in 2000 and 2008 are easy - have a few years of expenses in cash, and dividends to cover essentials. Finally, I figure every year I do not take social security my benefit is increasing. If I need it before age 70, fine. If I don't, even better. Then with all that plan in place, it was time to choose the actual date. Done! Maybe I could have left earlier, if I had been able to predict the future. I've yet to meet anyone that could, so I don't beat myself up over it.
I feel like the one thing that could happen and actually impact folks in early retirement is the ACA going away. The risk is potentially high if that happens, because if we go back to the way it was in 2000 your options were bleak in most of the country. If PECs go away for example that’s an almost unlimited risk that is difficult to quantify in a stress test (for me anyway). Would love to see a discussion on this.
I’m more concerned about inflation and so is the bond market. The Fed is going to make a rate cut tomorrow that it probably shouldn’t, but it’s already committed.
The national debt is a concern to me. It doesn't seem to bother the politicians, however. Who can fathom $36 trillion dollars? It would take nearly 14 months to reach national debt levels if you were to spend $1 million dollars every second.
10 of the last 11 recessions occurred under Republican administrations. If we have to adjust how much we spend in retirement based on market performance, then it’s completely valid to be worried about retiring at the current time. It’s also completely valid to delay retirement to improve the odds of success. When Trump crashes the economy again, I want to have money coming in that I can invest in order to take advantage of his gross incompetence. That’s the bright side of this disaster.
These analysis that only include the US markets when addressing politics should include markets like The US Confederacy of southern states. Germany , France, Russia, England, and a hole host of markets that have gone through political turmoil. If all you use in analysis is surviving markets you sampling is invalid. Personally I don't use these models because I'm not that conservative but other should be aware of the sampling bias.
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.
Given the current pressure to prepare for retirement, I highly recommend seeking guidance from a financial advisor. This will help you make more informed investment decisions.
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
The person in the White House has absolutely nothing to do with your financial security and future. I am now retired. I have always done well no matter who the president. Don't look for Trump to do anything special for you.
Sweet merciful crap. I can't imagine who you've been listening to or how you judge the character of a person. It is utterly baffling. Trump is the least adult-like president this country has ever seen. He's a self-obsessed child. His cabinet picks read like a schoolyard bully picking his minion squad. He's also a terrible business person, by the way. You've got some honesty issues to address.
@ hahaha okay. It’s gonna be a long frustrating four years for you huh? Yes the adults are back in charge. After the disaster of the last 4 years with record crushing inflation and massive amount of illegals invading. The people spoke and handed Trump the popular vote too. Democracy was indeed on the ballot.
Trump is going to look after for Americans since he is truly patriot not like Dems. If he can’t do it, no Dems can. I am more confident in my retirement in 10 years.
If you look at the s & p from 2000 until 2012 it was a no gain, most of the growth was in the last 12 years. So it matters when you get in and get out. I’ve been it the whole time, finally so seeing benefits now. I think it was similar for the market as a whole as well. The next 12 years will be interesting.
2000 to 2010 looked much better if you diversified. Decades are less likely to be lost if you diversified your portfolio
I’m 45 and aiming to retire with $2,000,000 by age 60, but it feels like an uphill battle. I have about $550k saved in my 401(k), but with inflation and market fluctuations, I’m starting to question if it’s even possible.
You're not alone in feeling that way. Many people underestimate how much they’ll need in retirement or rely too heavily on one type of investment
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $6.5m retirement goal after subsequent investments to date
My CFA, Monica Mary Strigle, is a renowned figure in her field. Monica takes the time to understand her clients' unique financial situations and goals, providing personalized recommendations that have made a significant impact on their financial well-being. Since working with monica , I've seen my retirement savings grow by 45% annually.
Just looked up Monica Mary Strigle and found her consulting page. I’ve got to say her credentials are truly impressive! I've scheduled a call to discuss further
As a federal employee, I am concerned. I'm 6 years away from being able to collect a pension, that I have worked decades for. I was planning a great and safe retirement but, the rug might be pulled out from under me. Fingers crossed, the next administration is too busy to focus on my employer. 🤞✌🌱
3:02 is the inflation adjusted and same time period (number of years)? If it is not, it is apple to apple comparison
Your choices matter more than anything in your outcome of your life
Make good choices
Great Video!
I was at your live stream last week and almost asked about exactly this topic! Trump could easily screw up the economy with tariffs or health care by repealing the ACA. Is it really correct to just ignore all of this when deciding asset allocations? Should we have a back-up plan in case the ACA gets repealed?
@@dreikas9016 I believe in always having a plan!
Beliefs can be wrong. Are you right? Or are you wrong?
Having been purchasing insurance prior to and after the ACA, I believe the ACA is what screwed up health care. In addition my dentist and my general doctor (both small single doctor offices) had to hire multiple office staff to deal with the ACA imposed requirements. Would repealing the ACA "fix" health care? I doubt it, but I doubt it would make it worse. (Check out the Singapore model - basically requiring posted prices instead of forbidding that like we do - I think that is the fix we need.)
@@Sylvan_dB My wife is a cancer survivor and I have several pre-existing conditions. If the ACA were repealed, we'd never be able to get health insurance without having an employer, so our FIRE dreams would be over. Our "plan" if the ACA goes away is to hope that one us can find a part time job that offers insurance.
@@dreikas9016 My family experience pre-ACA was that if you had current insurance, you could buy new insurance. This included going from employer to private and private to private.
The problem with "pre-existing conditions" was only if you were uninsured and trying to become insured and then there was a limited choice in policies and usually a waiting period before the parts of the policy would take effect. In other words, playing the game of going without insurance and trying to buy insurance when you needed it.
Right. I wish I had seen this a few years ago! I finally figured it out for myself: What if ____? What can I do about it? Some things I just decided, "I'll cope, because everybody will be coping." Little things like the market dropping 50% like it did in 2000 and 2008 are easy - have a few years of expenses in cash, and dividends to cover essentials. Finally, I figure every year I do not take social security my benefit is increasing. If I need it before age 70, fine. If I don't, even better. Then with all that plan in place, it was time to choose the actual date. Done! Maybe I could have left earlier, if I had been able to predict the future. I've yet to meet anyone that could, so I don't beat myself up over it.
“I’ll cope, because everybody will be coping.”
My thought exactly!
I feel like the one thing that could happen and actually impact folks in early retirement is the ACA going away. The risk is potentially high if that happens, because if we go back to the way it was in 2000 your options were bleak in most of the country. If PECs go away for example that’s an almost unlimited risk that is difficult to quantify in a stress test (for me anyway). Would love to see a discussion on this.
I’m more concerned about inflation and so is the bond market. The Fed is going to make a rate cut tomorrow that it probably shouldn’t, but it’s already committed.
The national debt is a concern to me. It doesn't seem to bother the politicians, however. Who can fathom $36 trillion dollars? It would take nearly 14 months to reach national debt levels if you were to spend $1 million dollars every second.
10 of the last 11 recessions occurred under Republican administrations. If we have to adjust how much we spend in retirement based on market performance, then it’s completely valid to be worried about retiring at the current time. It’s also completely valid to delay retirement to improve the odds of success. When Trump crashes the economy again, I want to have money coming in that I can invest in order to take advantage of his gross incompetence. That’s the bright side of this disaster.
Just for perspective, the present value of $10k in 1948 is $131k.
These analysis that only include the US markets when addressing politics should include markets like The US Confederacy of southern states. Germany , France, Russia, England, and a hole host of markets that have gone through political turmoil. If all you use in analysis is surviving markets you sampling is invalid. Personally I don't use these models because I'm not that conservative but other should be aware of the sampling bias.
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.
Are you planning to retire before 59? That's the key factor for me. I transitioned to cash-flowing assets because I wanted to retire early.
Given the current pressure to prepare for retirement, I highly recommend seeking guidance from a financial advisor. This will help you make more informed investment decisions.
Do you have any recommendations? I’m looking for a CFP to help grow my retirement account.
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
I looked her up and found her webpage. I’ve already sent an email and scheduled an appointment. Thanks for the recommendation!
Im scared to retire because I don't have $2.5 MILLY. Lol. As soon as I do i will retire. Lol😂😂🎉🎉🎉
As long as you have a plan... But you know, the older you get the less you need!
@Sylvan_dB i will need more. Trying to buy both my daughters a house. Kids are expensive. Lol 🤣 😂 😆
The person in the White House has absolutely nothing to do with your financial security and future.
I am now retired. I have always done well no matter who the president.
Don't look for Trump to do anything special for you.
Worried, lol. It’s all better now, we were going in a downward spiral
You have never been called "bright", have you?
@ all the time, how about yourself?
100% correct!
I sleep well at night knowing President Trump is back in charge. The adults are back in the room and getting this economy back on track!
Sweet merciful crap. I can't imagine who you've been listening to or how you judge the character of a person. It is utterly baffling. Trump is the least adult-like president this country has ever seen. He's a self-obsessed child. His cabinet picks read like a schoolyard bully picking his minion squad.
He's also a terrible business person, by the way. You've got some honesty issues to address.
@ hahaha okay. It’s gonna be a long frustrating four years for you huh? Yes the adults are back in charge. After the disaster of the last 4 years with record crushing inflation and massive amount of illegals invading. The people spoke and handed Trump the popular vote too. Democracy was indeed on the ballot.
@@clintbuhs7708Perfectly worded. Wish I was as eloquent!
A lot of Germans liked Hitler. So there's that.
Trump2024
Trump is going to look after for Americans since he is truly patriot not like Dems.
If he can’t do it, no Dems can. I am more confident in my retirement in 10 years.
Trump2024