8 “Near Retirement” Mistakes That Can Be Devastating

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  • เผยแพร่เมื่อ 29 พ.ย. 2024

ความคิดเห็น • 84

  • @RetirementFiguresdotcom
    @RetirementFiguresdotcom 4 วันที่ผ่านมา +3

    Know your numbers and create a solid plan.

  • @raymond-i2v
    @raymond-i2v 4 วันที่ผ่านมา +187

    Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Stocks like Nvidia stocks and of course AI stocks that will align with my risk tolerance and financial goals but it seem to be bearish right now.

    • @Jordan8568-l4u
      @Jordan8568-l4u 4 วันที่ผ่านมา

      While the market is promising, expert guidance is essential for effective portfolio management.

    • @Jeffery-f2e
      @Jeffery-f2e 4 วันที่ผ่านมา +2

      A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • @Fred-w7t
      @Fred-w7t 4 วันที่ผ่านมา

      I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

    • @Jeffery-f2e
      @Jeffery-f2e 4 วันที่ผ่านมา

      Her name is "Stacy Lynn Staples" just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @Johnwestly-l6n
      @Johnwestly-l6n 4 วันที่ผ่านมา

      she appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @gregkloe
    @gregkloe 3 วันที่ผ่านมา +1

    I didn't do number one. I have used my last year of working to get my house ready for sale and make several purchases on items that should last the rest of my life. Spend paycheck money instead of retirement funds. On the emotional side, I'm good. I disconnected from work( other than doing what I'm paid for) quite some time ago and I have several extracurricular activities to pursue.

  • @babachioara6991
    @babachioara6991 4 วันที่ผ่านมา

    Hi Azul! It's something telepathic between us, I'm telling ya. Today I was thinking of the same thing.

  • @janeth-h9t
    @janeth-h9t 3 วันที่ผ่านมา +55

    Thank you for your video, … you know,.. I can’t recommend Shellane Maxwell enough! When I first approached her, I was overwhelmed about retirement planning…Thanks to her guidance, I was able to restructure my investments and focus on high-yield options. Within just a year, my retirement fund grew by 55%!

    • @janeth-h9t
      @janeth-h9t 3 วันที่ผ่านมา

      She also helped me create a savings strategy that allowed me to set aside an additional $10000 a month. Now, I feel confident that I can retire five years earlier than I originally planned. If you're serious about securing your financial future, Shellane Maxwell is the one to talk to!

    • @janeth-h9t
      @janeth-h9t 3 วันที่ผ่านมา

      She mostly interacts on Telegrams, using her name.

    • @janeth-h9t
      @janeth-h9t 3 วันที่ผ่านมา

      @shellanemaxwell she’s verified

    • @TengkuTony
      @TengkuTony 3 วันที่ผ่านมา

      Oh, do you happen to know her too? I'm proud to say I've also benefited from her platform

    • @TengkuTony
      @TengkuTony 3 วันที่ผ่านมา

      Archieving a weekly profit of 45k

  • @susanlee594
    @susanlee594 วันที่ผ่านมา

    Hey Azul!! Thanks for another great video. QQ regarding having a bunch of money in your 401k... can the rule of 55 allow you to access your current 401k? I've heard of the rule of 55 but don't know much about it!

    • @ADG71
      @ADG71 วันที่ผ่านมา

      Yes, your current 401k is accessible w/o penalty under rule of 55

  • @FrankDimino1
    @FrankDimino1 3 วันที่ผ่านมา

    Also consider a CALPERS or CALSTRS pension (all career fields) work 30 years-get $100K USD pension annually for life w COLA and if you don’t have one tell your kids!

  • @casienwhey
    @casienwhey 3 วันที่ผ่านมา

    Zul, do you think $750,000 is enough to retire at this point? Thanks.

  • @HerederoBaggins
    @HerederoBaggins 4 วันที่ผ่านมา +15

    September 2018 rocked my family with the
    hurricane Florence. To lives and properties
    displaced we gave $45k. We also gave in 2020
    COVID year. The "Treasure Principle" by Randy
    Alcorn helped my giving reason why getting $105k
    in two months is just evident of God's blessings on
    my household. God never faltered on his written and
    spoken promises over my family.. All thanks to Mrs Kathy Lien

    • @Jeffersonville7653
      @Jeffersonville7653 4 วันที่ผ่านมา

      But then, what do you do? How do you come
      about that in that period?

    • @Shagonmimi
      @Shagonmimi 4 วันที่ผ่านมา

      Its all big thanks to Mrs Kathy Lien

    • @NyokaSemaine
      @NyokaSemaine 4 วันที่ผ่านมา

      Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!

    • @LeungPaso
      @LeungPaso 4 วันที่ผ่านมา

      I thought myself and my family were the only
      ones enjoving Mrs Kathy Lien trade benefits

    • @LeungPaso
      @LeungPaso 4 วันที่ผ่านมา

      I remember giving her my first savings $20000
      and she opened a brokerage account for me it
      turned out to be the best thing that ever

  • @miked5357
    @miked5357 4 วันที่ผ่านมา +5

    Live like you were dying! 🎉🎉🎉

    • @chuck_in_socal
      @chuck_in_socal 4 วันที่ผ่านมา +1

      Your kids will love it!

    • @tofuhunter3797
      @tofuhunter3797 4 วันที่ผ่านมา +1

      Live like you're dying, but save as if you're not.

    • @miketheyunggod2534
      @miketheyunggod2534 2 วันที่ผ่านมา

      Because you are.

  • @GotGracexxxxx
    @GotGracexxxxx 3 วันที่ผ่านมา

    (2:24) A 20 percent market correction wouldn’t faze you a bit, with a portfolio including rental real estate and gold.

  • @babachioara6991
    @babachioara6991 4 วันที่ผ่านมา

    I thought that you will come up with some ideas on how we can spend less. Aside of that, a financial advisor is completely out of the question in my country. We don't have such things here. We learn arithmetic in school. :)

  • @helomech1973
    @helomech1973 2 วันที่ผ่านมา

    A married couple can make 125k and stay in the 10-12% bracket.

  • @planner722
    @planner722 4 วันที่ผ่านมา +3

    One thing I haven’t heard any advisors talk about: planning for children’s college. I’m 49 with 3 kids that will be in college for the next 7-8 years. So I am avoiding saving into a traditional savings or brokerage fund because it shows as assets that diminishes the financial aid. Whereas 401’s and IRA’s do not. Once I am past that I plan to switch gears and hammer the brokerage account along with savings. Thoughts?

    • @Hawkeye2001
      @Hawkeye2001 3 วันที่ผ่านมา

      You can finance college with a pay later plan. You can't finance retirement.

    • @briand4000
      @briand4000 3 วันที่ผ่านมา

      Screw college. Ridiculously expensive indoctrination mills run by woke idiots. Go with Tech/Vocational schools (community college) or military. Make your precious little ones EARN IT. Worked great for us ($1.5 M net worth) and our 22 year old son who is debt free, a homeowner and Staff Sgt in the Air Guard. Seriously. Rethink your plan. YOU don't "owe them" college.

    • @susanlee594
      @susanlee594 วันที่ผ่านมา +1

      In a similar boat! Would also love any tips or thoughts. I have learned that the parent's assets are not weighted nearly as heavily as the child's, which I found odd.

  • @CameronFussner
    @CameronFussner 3 วันที่ผ่านมา

    Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

  • @MidlifeCrisisManagement
    @MidlifeCrisisManagement 4 วันที่ผ่านมา +1

    Azul ending the video just in time before the train rolls by 😂

  • @miketheyunggod2534
    @miketheyunggod2534 2 วันที่ผ่านมา

    The number one thing that ruins retirement is a financial advisor. They are creeps. They steal your money. They are ALL criminals. All are scammers.

  • @babachioara6991
    @babachioara6991 4 วันที่ผ่านมา

    They didn't have a cancer diagnosis, they hadn't have a heart attack yet. How encouraging. :) I love this channel!!!

  • @Clarkssman
    @Clarkssman 4 วันที่ผ่านมา +1

    The new administration will have the votes this time to get rid of the ACA which in on their agenda. Looking towards the ACA isn't good advise.

    • @mikesurel5040
      @mikesurel5040 4 วันที่ผ่านมา +1

      Doing that without a good replacement plan in place will make the midterm elections "interesting".

    • @briand4000
      @briand4000 3 วันที่ผ่านมา +1

      Unlikely. They know the ACA has been thoroughly baked into the American way of life. It may get rolled into a broader Medicare program. But, what do I know. I'm planning to retire next year at 61 and healthcare will be a serious gating factor in that decision.

    • @excatholicatheist
      @excatholicatheist 3 วันที่ผ่านมา

      @@mikesurel5040 What will happen is that they will suggest "reform" legislation that has a poison pill so bad that it will get no democratic votes and fail. then they will blame the left for killing it. One thing is for sure, they have no plans at all and will try to kill it or defund it.

  • @babachioara6991
    @babachioara6991 4 วันที่ผ่านมา +1

    Dude, nothing is tide into our job but money. I have 1 million passions that I will never have time to fulfill. For instance to read Freud's 10 or 12 volumes. That task is IMMENSE!

    • @gmoney6595
      @gmoney6595 3 วันที่ผ่านมา

      Why? He’s an evil fraud.

  • @johnclifford544
    @johnclifford544 3 วันที่ผ่านมา +3

    What do you think will happen to the ACA once the Trump Orcs are in charge?

  • @reynoldslacybrleroymeuschke
    @reynoldslacybrleroymeuschke 4 วันที่ผ่านมา +2

    !!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated..

    • @FederickLeo
      @FederickLeo 4 วันที่ผ่านมา

      As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
      Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @BensonTati
      @BensonTati 4 วันที่ผ่านมา

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

    • @FederickLeo
      @FederickLeo 4 วันที่ผ่านมา

      I don't really blame people who panic. Lack of
      information can be a big hurdle. I've been
      making more than $200k passively by just
      investing through an advisor, and I don't have
      to do much work.. Inflation or no inflation, my
      finances remain secure. So I really don't blame
      people who panic.

    • @BensonTati
      @BensonTati 4 วันที่ผ่านมา

      Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

    • @reynoldslacybrleroymeuschke
      @reynoldslacybrleroymeuschke 4 วันที่ผ่านมา

      how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?

  • @GlobRes
    @GlobRes 2 วันที่ผ่านมา

    Majority of retirees do not even have $4000 a month and you are Tali king about 8K
    So depressing a video

  • @BarbaraThomas-r3s
    @BarbaraThomas-r3s 3 วันที่ผ่านมา

    I'm favored,$9k every week! I can now give back to the locals in my community and also support God's work and the church.God bless America.. feel free to ask me questions on how to start earning