Love this video! Would love videos targeting people in their 30s and 40s about contribution strategies. I'm currently spreading all my contribution into HSA, 529, 401K, and Roth IRA, I feel like I don't get the compound effect as I spreading them too much. What's your thoughts? Thanks!
Nice share Ari. I agree with you - Goals, priorities play a major role in retirement in addition to financial situation. Why work so long if someone can afford to retire early😀Life is Short
in the example you gave , if someone was 55 yo and wanted to retire , but needed to pay for college still , the rule of 55 on most 401k plans would let them retire and still have access to their funds...or a 72T would allow it ...a video about those two options would be great for early retirees....many think they cant retire before 59.5 because they dont even know about those two options i think
If someone decides to keep working a few years to pay cash for their kids college, I say GOOD FOR YOU! You are an awesome parent and I hope your kids appreciate the sacrifice you've done for them!
Taxes are your biggest recurring expense percentage-wise. It's hard to comprehend that we give away 30% of our hard earned income on taxes, not to mention the other taxes that we pay on net income such as property tax, sales tax, capital gains, tolls, etc. Its no wonder why the majority of folks believe they will never retire. On the surface, if the average person spends 70% of their net earnings, how is it conceivable to quit earning and spending to maintain a lifestyle even including retirement savings? It is a daunting thought
Thank you so much for the helpful content
You’re so welcome!
Great job 👍
Thanks 👍
Thanks Ari. Another great video with good information and easy to understand.
Thank you very much, Mark.
Love this video! Would love videos targeting people in their 30s and 40s about contribution strategies. I'm currently spreading all my contribution into HSA, 529, 401K, and Roth IRA, I feel like I don't get the compound effect as I spreading them too much. What's your thoughts? Thanks!
Great idea!
Nice share Ari. I agree with you - Goals, priorities play a major role in retirement in addition to financial situation. Why work so long if someone can afford to retire early😀Life is Short
Exactly!!
Good advice here. I think you're going a little overboard on the jump-cuts though.
Love you Ari, just don't have enough to become your client.
Shoot me an email. Ari@rootfinancialpartners.com
in the example you gave , if someone was 55 yo and wanted to retire , but needed to pay for college still , the rule of 55 on most 401k plans would let them retire and still have access to their funds...or a 72T would allow it ...a video about those two options would be great for early retirees....many think they cant retire before 59.5 because they dont even know about those two options i think
Great idea. Added to my list!
If someone decides to keep working a few years to pay cash for their kids college, I say GOOD FOR YOU! You are an awesome parent and I hope your kids appreciate the sacrifice you've done for them!
Taxes are your biggest recurring expense percentage-wise.
It's hard to comprehend that we give away 30% of our hard earned income on taxes, not to mention the other taxes that we pay on net income such as property tax, sales tax, capital gains, tolls, etc.
Its no wonder why the majority of folks believe they will never retire.
On the surface, if the average person spends 70% of their net earnings, how is it conceivable to quit earning and spending to maintain a lifestyle even including retirement savings?
It is a daunting thought
I can’t get my advisor to talk about withdrawal strategies, up/down markets, tax strategies etc.
That’s strange!