Don’t Spend LESS, Use This Retirement Spending Strategy!
ฝัง
- เผยแพร่เมื่อ 9 พ.ค. 2024
- Don’t spend LESS during retirement. Your retirement withdrawal strategy matters more than you might think.
🔥 GET NICK’S WHITE PAPER here: brindleandbay.com/modern-guar...
✏️ LEARN MORE about Brindle & Bay here: www.brindleandbay.com/
📝 Get NICK’S MEMO at www.newsletter.brindleandbay....
___________________________
🔑 KEY TOPICS
0:00 - Intro
1:40 - Withdrawal Strategies
7:09 - Modern Guardrails
12:42 - Conclusion
___________________________
💵 ABOUT US
We're a Frisco, Texas-based independent financial advisory firm serving individuals in several states nationwide. We're here to listen to your needs and guide you through the financial planning process.
___________________________
CONNECT 🤝
Nick's Newsletter: www.newsletter.brindleandbay....
Facebook: / brindleandbay
Instagram: brindleandb...
Linkedin: / about
TH-cam: / @brindleandbay
___________________________
CONTACT ☎
Website:
Phone: (214) 988-9178
Email: hello@brindleandbay.com
I hope to spend my last dollar on my last day. It seems dying with a lot represents a lot of missed opportunities, trips and gifts.
Nick, very good information and easy to understand. We are glad we chose y’all to work with. Michael H.
2:50: extreme edge case 95th percentile. Interquartile range is ~2x to 4.5x, 10th/90th is even money to 6x.
Quite an enlightening presentation.
Glad you think so!
My advisor uses income lab, and we love it! Very powerful tool, and we always love to hear you can spend more.
That is awesome!
Lower guard rail: RMD
I sold 1000 shares of nvda to pay the taxes on those gains now. Then bought it back. I plan on buying a bugatti in 2 yrs. so now those shares are now balanced with a roth. Only pay on gains from here.
I plan on withdrawing my 50.00 per;month, no matter what anyone says
As a soon retiree, keeping my 401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.
I am about 40% in SCHD on a slightly more than 1,000,000 portfolio and still working at 69. on most withdrawal strategies should i assume reinvesting dividends and then withdrawal per whatever rule I use OR cash out dividends and do a smaller withdrawal to meet the percentage I'm choose to follow?
Our biggest issue, which is likely true for many, is that our portfolio “needs” vary tremendously over the first decade.
We entered retirement at 61/63 after working PT for 3 years and no portfolio needs. Then we began to transition with some PT income, one starting SS. I’m still waiting to take SS till 70 in over 5 years. Then we have another couple years of different spending needs. We will be 74/76 when we finally expect a consistent income and need.
So any kind of proposed withdrawal strategy doesn’t work for us.
We are probably at the extreme, but for most the first 5-10 years are going to be variable.
So what to do?
Video coming out this next Sunday that speaks to that a bit.
Age 73, RMD will be your low
Let's say you have $4 million .. he lost me there ... Now do Let's say you have $400K ...