I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation
I definitely share your sentiment about these firms. Finding a CFA like JOSEPH NICK CAHILL who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them
Bring Stephanie Janis Stiefel on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Stephanie Janis Stiefel, for her expertise and exposure to different areas of the market.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
Well her name is 'STEPHANIE JANIS STIEFEL'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I just turned 44 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 55. How best do I maximize my savings of over $220k
Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA, Judith Lynn Staufer, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $900k, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.
I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.
Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.
Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
The decision on when to pick an Adviser is a very personal one. I take guidance from Becky lou Gordon to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
oh! i never take this advises online seriously, but i checked Becky up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response
Wow that's nice She makes you that much!! Thanks 🙏 I will try to reach her services, I work 3 jobs and trying to pay off my debts for a while now!!Thanks for the help .
Sometimes it's difficult to make it in trading even with good tutorials as this many will struggle to make it.. not easy as it seems. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 328k in a short period of time
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Natalie Rose Strayer. A widely known stock and crypto consultant
I started working with Natalie back in February, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
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.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
thanks For clearing that up, I curiously searched for Annette Marie Holt on the internet and thankfully, I came across her my goal is to retire in 5years time.
Great video. I noticed you have inflation adjusted as the spending strategy. When would the "Spending Smile" strategy be used? Please advise. In addition, please do more of the case studies using the retirement planning in this video.
i hope they can ... i retired earlier this year at 61 with just over 600k ... I also gave a small pension, no debt, and will get a decent social security check @67 ... in the end EXPENSES will determine the answer ...
Another nice video. I have a serious question about Social Security though. I know there is no clear answer to this age old question, but my analysis says it is most likely best to take SS as soon as possible. What you showed is a linear graph of simple dollars received from the SSA and that waiting to get larger checks means you will eventually (after age 78), RECEIVE more money if you delayed to full retirement age. However, all of us here are investors. If we receive SS early, that means less burden on our portfolios meaning that money replaced by SS can continue to grow. If you take compound growth of the preserved savings into account, I find the graph of taking SS at 62 vs 70 becomes exponential curves and the "breakeven" point moves closer to age 95. I can see where this wouldn't work for someone who doesn't invest or if one is planning to support a spouse who doesn't know how to manage investment accounts and just needs big SS checks. But given that most of us are dealing with invested savings, it seems taking the money early is more lucrative in terms of building wealth and a more realistic view of SS's value to an investor.
“Life expectancies in the last few decades have gone up”. Yes, for newborns. Not for people 60 years of age. There’s a big difference. That being said, a safety net of 90 years old is reasonable.
Thank you for this content, investments in the digital market is really advisable, despite the recent happenings in the digital market I still make about 29k profits from my investments biweekly
I know David Gordon Eichhorn well. He is a portfolio manager and investment advisor who gained recognition while working at JP Morgans. A renowned investor, David has consistently demonstrated expertise in investment strategies. He has been deeply involved in managing portfolios and offering guidance to clients, helping them navigate the complexities of the financial markets.
As far as the social security strategy, it would have been nice to see if you had put the higher earner at 70 and then play with the lower earners start date ... one of my biggest concers is what happened to my parents where one spouse (my mom) died early ... that event changes almost everything ...
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns
I'm now retired and only work 5 hours a week, with barely 25% short of my $2m retirement goal after subsequent investments to date
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation
I definitely share your sentiment about these firms. Finding a CFA like JOSEPH NICK CAHILL who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them
Bring Stephanie Janis Stiefel on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Stephanie Janis Stiefel, for her expertise and exposure to different areas of the market.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
How can i reach her, if you don't mind me asking?
Well her name is 'STEPHANIE JANIS STIEFEL'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
This thread has been enlightening so far, some piece of Info I could use
I just turned 44 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 55. How best do I maximize my savings of over $220k
Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA, Judith Lynn Staufer, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $900k, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.
I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.
Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.
Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
The decision on when to pick an Adviser is a very personal one. I take guidance from Becky lou Gordon to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
oh! i never take this advises online seriously, but i checked Becky up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response
*$450k Returns the Lord is my saviour in times of my need!!!*
wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??
It's Lisa Annette Robinson doing, she's changed my life.
I do know Ms.Lisa Annette Robinson, I also have even become successful....
She’s a registered Broker from FINRA ❤️ you can also verify her on broker check
Wow that's nice She makes you that much!! Thanks 🙏 I will try to reach her services, I work 3 jobs and trying to pay off my debts for a while now!!Thanks for the help .
Sometimes it's difficult to make it in trading even with good tutorials as this many will struggle to make it.. not easy as it seems. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 328k in a short period of time
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Natalie Rose Strayer. A widely known stock and crypto consultant
I started working with Natalie back in February, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Oh yeah sure, she's active on What's ApK
+197
8960
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.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
thanks For clearing that up, I curiously searched for Annette Marie Holt on the internet and thankfully, I came across her my goal is to retire in 5years time.
Great video. I noticed you have inflation adjusted as the spending strategy. When would the "Spending Smile" strategy be used? Please advise.
In addition, please do more of the case studies using the retirement planning in this video.
i hope they can ... i retired earlier this year at 61 with just over 600k ... I also gave a small pension, no debt, and will get a decent social security check @67 ... in the end EXPENSES will determine the answer
...
Another nice video. I have a serious question about Social Security though. I know there is no clear answer to this age old question, but my analysis says it is most likely best to take SS as soon as possible. What you showed is a linear graph of simple dollars received from the SSA and that waiting to get larger checks means you will eventually (after age 78), RECEIVE more money if you delayed to full retirement age. However, all of us here are investors. If we receive SS early, that means less burden on our portfolios meaning that money replaced by SS can continue to grow. If you take compound growth of the preserved savings into account, I find the graph of taking SS at 62 vs 70 becomes exponential curves and the "breakeven" point moves closer to age 95. I can see where this wouldn't work for someone who doesn't invest or if one is planning to support a spouse who doesn't know how to manage investment accounts and just needs big SS checks. But given that most of us are dealing with invested savings, it seems taking the money early is more lucrative in terms of building wealth and a more realistic view of SS's value to an investor.
“Life expectancies in the last few decades have gone up”. Yes, for newborns. Not for people 60 years of age. There’s a big difference. That being said, a safety net of 90 years old is reasonable.
Not true. It’s gone up for ppl who aren’t fat
@@Bobventk That’s always been the case. Nothing new there.
Donny moved to Omaha?!? He's out of his element....
Thank you for this content, investments in the digital market is really advisable, despite the recent happenings in the digital market I still make about 29k profits from my investments biweekly
If I may ask how are you able to make this much in the digital market because I've been trading/investing for a while now and I keep getting losses
I advise you stop trading on your own if you keep losing .
Diving into the digital market is really advisable but you need the guidance of an expert and with David G. Eichhorn you can't go wrong
I know David Gordon Eichhorn well. He is a portfolio manager and investment advisor who gained recognition while working at JP Morgans. A renowned investor, David has consistently demonstrated expertise in investment strategies. He has been deeply involved in managing portfolios and offering guidance to clients, helping them navigate the complexities of the financial markets.
How can i reach him, if you don't mind me asking?
So, I have dividends from stock. Would Roth be a better choice (just thinking about it), then to buy more stock. (60 yo... retiring at 65)
Man the Dude must’ve sold his rug
Considering it's full of piss, he couldn't have gotten much for it.
As far as the social security strategy, it would have been nice to see if you had put the higher earner at 70 and then play with the lower earners start date ... one of my biggest concers is what happened to my parents where one spouse (my mom) died early ... that event changes almost everything ...
Hallelujah!!! I’m favored and blessed with $60,000 every week! Now I can afford anything and also support the work of God and the church.
Oh really? Tell me more about this, I’m really interested in knowing more about this
This is what Melissa Jonas Richard does, she has changed my life.
After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.
I know Melissa Jonas Richard, and I have also had success
Absolutely! I have heard stories of people who started with little or no knowledge but managed to emerge victorious thanks to Melissa Jonas Richard☺️