Retirement Planning For DIYers
ฝัง
- เผยแพร่เมื่อ 15 ต.ค. 2024
- If you're 50 and thinking about retirement, this video is for you. I'll show you how to create a retirement plan, perfect for DIYers who want to take control of their future. Knowing you have enough saved gives you the freedom to work on your terms-or start dreaming about the next phase of life if you're already set. In this video, I’ll guide you through using the Retirement Budget Calculator in 3 simple steps to see if you're on track for a successful retirement.
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You know your stuff, but you need to relate to the people that don't have $3M+ in assets for retirement. I believe the median saved for 55-64 is $185,000. A far cry from even a million.
This is good stuff!
We're looking at these decisions right now and figuring out the best path.
You are going to love it.
Thanks for your outstanding content and contributions to educating folks to improve their financial lives!
Does this calculator support SEPP 72(t) withdrawals (five years of Substantially Equal Periodic Payments)? I'm two years into a 72(t), so not only do I need support for no-penalty early withdrawals (I'm 57), I need the tool to support back-dating (not just "today, forward" like most other tools), as I started the 72(t) in February of last year (2023). Look forward to following the development of this tool! Thanks.
No, the Retirement Budget Calculator does not currently offer the functionality you are looking for.
Does this have other asset choices available like rental real estate? Some of our NW is only about 6% in the 'market'. Thank you.
Yes you can enter real estate as well as the income associated with rentals.
$3+mil net worth??
maybe think about another video that the other 96.3% of us can relate too.........
Good point. What kind of numbers do you think I should use?
@@RetirementBudgetCalculator from all of the "research" I have been doing, I think I'm doing a bit better than most, but still nowhere close to the numbers you are using. maybe because of my modest beginnings, with $3mil+ I wouldn't be watching ANY youtube retirement videos... even with what I do have, I stopped watching your video when you got to the over $3mil net worth part. I simply can't relate.
again, I think I'm a bit above average with $720k in 401ks, $150k cash. I do not own a home, but also have zero debt. will also have a modest pension of +/- $2,600 per month, and estimating (from ss website) +/-$3,200 ss for me and my wife together. wife has no other accounts to speak of.
I plan to retire in 3 years at 62.5 yrs of age, (hopefully with a bit more than I have today) and try to use the cash for downpayment on fixed mortgage.
even still, I think MOST are more like $500k in 401's, and SS. (if that)
you will probably get more views in this range, as that's where "most" of us are.
if I want to learn about the numbers you're talking about to figure out if I want my second retirement home to be in palm beach or aspen, I will simply look up some robin leach videos.... I mean, good grief!
most of us are here looking for help and advice, not fantasy vidoes.....
hope you appreciate the constructive criticism. maybe I will watch one of your more helpful videos in the future, but if I had $3mil dollars, I wouldn't need your advice or help......
thanks!
@@RetirementBudgetCalculator google, are you serious???
I take the time to write this guy a 150 word response to try to help him improve his videos, and you won't post it???
🤦♂
@@RetirementBudgetCalculator anyway, google won't let me help you..... the gist was if you want people to watch your videos, work with numbers that MOST of us would use...
if I had $3mil+, I wouldn't be watching youtube videos for help/advice. I would be deciding if I by a second retirement home outside of aspen, or a 60ft yacht in the florida keys....
@@RetirementBudgetCalculator how about a couple trying to retire halfway early at 62, $750k 401ks, and SS. no debt and will have a modest pension as well.
and I think this is above average. but most people looking on here for help/advice for retirement can't begin relate to being a multi-millionaire......
"I want to democratize retirement..." Shows earnings and home value reflective of the top 3 percent of all Americans. Completely out of touch with what retirement looks like for people outside of select areas of CA, NY and other outrageously expensive locales.
Very unrealistic example. Come down to real people.