I am debt free sold my BIG home and bought a smaller one and debt free.. flexibility to work part=time etc. good points. I also have portfolio of million and HYSA with 5 years of living expenses I am 60. I feel free!!!!!
Question: I'm 67, my spouse is 65. We planned on waiting to take SS until he is 66.5 and I am 70. With most economists projecting that the new administration will bankrupt SS within 6 years, or at very least reduce benefits by 30% to make up for tax cuts for the wealthy and deportations, would it be better to start taking SS now?
Take care of your health I am 60 look like I am under 40 feel like I am 25 because I have always put my health first. marathon runner and cyclist. I am currently a spinning instructor and workin on my PT personal training certification. Health is important and here's what I tell people don't worry about debt. "There's no such thing as debtors prison so don't worry about it keep investing and one day you will be free".
Yes we are 61 and 58, our health became a part of our lives when we pasted 30 and now it has paid off as without great health you need no wealth, that is how we stuck to our health pattern that now after all these years it is just our way of life, of course, it helps that we also went debt free by 50 including our home, that helps our health stay good as well. Thank you. Lance.
Love this video, even if it is more conceptual. If you dont already have a video, I would love to understand approaches on withdrawing once you retire (buckets, scheduled monthly withdrawals, etc).
Hello Kevin, I am 67, retired, and have applied all of the principles that you have mentioned in this video! I have a financial question: how do you feel about bitcoin and cryptocurrency? My nephew is my CFP and he is not a fan of it. Just asking your opinion.
Okay, dumb question: Why is using cash to pay your tax liability when you convert from traditional to roth a better plan than taking the hit in taxes from the conversion? You're still reducing your balance sheet by the same amount, right? Is it because of opportunity loss? Higher balance being converted gives you immediate higher returns simply because your putting more money to work immediately. I think I answered my own question. LOL.
I find it amusing that all these types of videos use stock footage of folks (usually older) sitting around with laptops and calculators counting out piles of cash. I’m mean yeah my wife and I routinely sit around the kitchen table with piles of cash to sort through. I can barely remember the last time I even used paper money let alone had piles of it to count through😂
I’ve thought the same thing, but there’s not a ton of relevant stock photos. There’s one video I feel that editors use constantly. I’ve had to tell them to stop.
@ Well if you’re willing to supply the money as a prop, I’ll happily film myself counting it in a variety of different locations and outfits to spice things up. You may or may not get it back of course. 🤣😂
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Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
I am debt free sold my BIG home and bought a smaller one and debt free.. flexibility to work part=time etc. good points. I also have portfolio of million and HYSA with 5 years of living expenses I am 60. I feel free!!!!!
Question: I'm 67, my spouse is 65. We planned on waiting to take SS until he is 66.5 and I am 70. With most economists projecting that the new administration will bankrupt SS within 6 years, or at very least reduce benefits by 30% to make up for tax cuts for the wealthy and deportations, would it be better to start taking SS now?
Good point roll over 401K mine was in a majority of company stock rolled it into IRA and boy did I see the gains in 10 years...
Take care of your health I am 60 look like I am under 40 feel like I am 25 because I have always put my health first. marathon runner and cyclist. I am currently a spinning instructor and workin on my PT personal training certification. Health is important and here's what I tell people don't worry about debt. "There's no such thing as debtors prison so don't worry about it keep investing and one day you will be free".
Yes we are 61 and 58, our health became a part of our lives when we pasted 30 and now it has paid off as without great health you need no wealth, that is how we stuck to our health pattern that now after all these years it is just our way of life, of course, it helps that we also went debt free by 50 including our home, that helps our health stay good as well. Thank you. Lance.
Love this video, even if it is more conceptual. If you dont already have a video, I would love to understand approaches on withdrawing once you retire (buckets, scheduled monthly withdrawals, etc).
You are so helpful! Thank you.
Hello Kevin, I am 67, retired, and have applied all of the principles that you have mentioned in this video! I have a financial question: how do you feel about bitcoin and cryptocurrency? My nephew is my CFP and he is not a fan of it. Just asking your opinion.
This was very helpful!
Great information, just subscribe
Thanks for what you do. Great info.
Sir, how can I consult for Roth conversion?
Okay, dumb question: Why is using cash to pay your tax liability when you convert from traditional to roth a better plan than taking the hit in taxes from the conversion? You're still reducing your balance sheet by the same amount, right? Is it because of opportunity loss? Higher balance being converted gives you immediate higher returns simply because your putting more money to work immediately. I think I answered my own question. LOL.
Thanks for the recommendations, I will reduce my catch up 401k and use these funds to increase my brokerage account.
Use the catch up contribution to do Roth 401k if you have that option at your job
Hello, How do I get in touch with you for consultation?
Can I do a ROTH conversion with my traditionally invested TSP if I'm not 59 1/2 without a penalty?
Unfortunately the TSP does not allow for Roth IRA conversions, so your options are limited.
Kevin, great video as always, but i think you forgot to remind people to like and subscribe, haha! Gotta self promote my dude!
Great content. 🔥
Thank you!
I find it amusing that all these types of videos use stock footage of folks (usually older) sitting around with laptops and calculators counting out piles of cash. I’m mean yeah my wife and I routinely sit around the kitchen table with piles of cash to sort through. I can barely remember the last time I even used paper money let alone had piles of it to count through😂
I’ve thought the same thing, but there’s not a ton of relevant stock photos. There’s one video I feel that editors use constantly. I’ve had to tell them to stop.
@ Well if you’re willing to supply the money as a prop, I’ll happily film myself counting it in a variety of different locations and outfits to spice things up. You may or may not get it back of course. 🤣😂
Haha
Diversifying is selling the winners to buy the loosers.
You can also buy assets that are out of favor without selling your winners.
Hindsight always a problem for everyone.
TY!!!
First! Yay me!