I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
@@IngoKociper On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial planner who devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $260k since then.
@@HopesKruses Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@amolejoshua7452 The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
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 $100k
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 10% short of my $3m 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, Eric Paul Elmer, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he 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 him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon
Id love to see an analysis of a mid 40s couple with $1.5mm who wants to retire at 50 with $8k in total expenses (including travel). What choices and plans do they need to do now to set themselves up for success in 5 years? What dies a dynamic withdrawl strategy look like? How do they bridge until they can access qualified investments? Do they begin roth conversions when they retire?
@@earlyretirementarimany people aged 40 and under are targeting 50 as their early retirement age. I think Fred Walters prompt is great. Another question/scenario could be: what mix of retirement accounts would be best for a couple retiring at 50? (Pre/post tax, brokerage (superhero) etc)?
Simply switching their retirement strategy to a "smile" of 3-5% nominal decrease vs inflation adjusted would likely help quite a bit. I do like your focus on the withdrawal rate factor in RC though, as it's extremely important and often overlooked. Would also like to see this concept integrated with an early retiree with a pension. Highlights the pension value significantly!
When markets are doing great, would you suggest slicing off some of the gains and moving the funds into a CD so that the cash is protected and available during the lean years? If so, how would you advise to earmark the transfer from equity investment to cash savings? In bucket terminology, this would be like a shift from bucket three to bucket one.
For me I moved money in a HYS account. I did CD's for a while but I felt they were burdensome to juggle them all for very little gains over my HYS. Plus you had to potentially wait for the CD to nature to gain access to your money, another burden.
Great video Ari! I am very familiar with the 4% rule and different retirement withdrawal strategies. I like how you shoot for a 5 to 5.5% withdrawal assuming the person is flexible with spending (dynamic guadrails withdraw strategy). I find too many conversative people basically giving up retiring sooner than later because they are shooting for a 3% or lower withdraw rate. So, great job showing how a higher withdrawal rate (> 4%) is very doable. On another note, do you ever give away the software for free, lol? I would love to have access to that software, but just can't spend the $299 for it. Anyways, if not, that is okay. Thanks so much for these case studies and for your financial wisdom :)
What's odd is my withdrawal rates in right capital are high. But if you look at cashflows (with a 4% average return a year on investments) they are more than fine. And the probability of success is 93%. We do have small pension, maybe that's what helps with the high withdrawal rate...And leaving a million..'Im confused. I also use a very detailed budget categories in right capital. I have a lot of margin in those budgets and do 6 years of expenses in t-bills etc...
😂each to their own financial lane. Our friends retired early and went on a 100 day cruise think it was pushing the $70k mark. My wife and I … it’s going to be a month in Portugal for $8k 😅
Ari, you need to get people to move from saving to INVESTING, that's how most workers can become wealthy. Saving will let you spend the money you earn today at a future date - often you won't even gain in interest the rate of inflation. Investing in equities will take off after 20 years and start bringing in more gains than you were making in wages.
Haha! Were 51 and feel we (will) have enough mixed assets to pt retire around 56 and Ft by 60. Thought we had a solid plan. The more videos I watch and play with Bold-in I realize that I should really get a planner or holistic advisor involved 😅
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service?
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
@@IngoKociper On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial planner who devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $260k since then.
@@HopesKruses Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@amolejoshua7452 The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
@@HopesKruses I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you.
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 $100k
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 10% short of my $3m 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, Eric Paul Elmer, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he 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 him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon
LOVE your videos, Ari. You are down-to-earth and seem to be very honest. I appreciate that.
Thank you so much!
4:24 you talk about using the guardrails but I'm curious as to why you do not use that setting in the software.
Id love to see an analysis of a mid 40s couple with $1.5mm who wants to retire at 50 with $8k in total expenses (including travel). What choices and plans do they need to do now to set themselves up for success in 5 years? What dies a dynamic withdrawl strategy look like? How do they bridge until they can access qualified investments? Do they begin roth conversions when they retire?
You got it!
I second this!
@@earlyretirementarimany people aged 40 and under are targeting 50 as their early retirement age. I think Fred Walters prompt is great. Another question/scenario could be: what mix of retirement accounts would be best for a couple retiring at 50? (Pre/post tax, brokerage (superhero) etc)?
Simply switching their retirement strategy to a "smile" of 3-5% nominal decrease vs inflation adjusted would likely help quite a bit. I do like your focus on the withdrawal rate factor in RC though, as it's extremely important and often overlooked.
Would also like to see this concept integrated with an early retiree with a pension. Highlights the pension value significantly!
Great Video!
Hi Ari - do you have some superpower in the app that I don't? Not seeing that awesome editing view that you showed at 10:45.
When markets are doing great, would you suggest slicing off some of the gains and moving the funds into a CD so that the cash is protected and available during the lean years? If so, how would you advise to earmark the transfer from equity investment to cash savings? In bucket terminology, this would be like a shift from bucket three to bucket one.
For me I moved money in a HYS account. I did CD's for a while but I felt they were burdensome to juggle them all for very little gains over my HYS. Plus you had to potentially wait for the CD to nature to gain access to your money, another burden.
Great video Ari! I am very familiar with the 4% rule and different retirement withdrawal strategies. I like how you shoot for a 5 to 5.5% withdrawal assuming the person is flexible with spending (dynamic guadrails withdraw strategy). I find too many conversative people basically giving up retiring sooner than later because they are shooting for a 3% or lower withdraw rate. So, great job showing how a higher withdrawal rate (> 4%) is very doable. On another note, do you ever give away the software for free, lol? I would love to have access to that software, but just can't spend the $299 for it. Anyways, if not, that is okay. Thanks so much for these case studies and for your financial wisdom :)
You’re so welcome! I don’t believe the time/energy I put in should be given for free. I believe in paying for people’s work.
RightCapital is the name of the software. You can go to their website and they offer 14-day free trial. Enjoy!
What's odd is my withdrawal rates in right capital are high. But if you look at cashflows (with a 4% average return a year on investments) they are more than fine. And the probability of success is 93%. We do have small pension, maybe that's what helps with the high withdrawal rate...And leaving a million..'Im confused. I also use a very detailed budget categories in right capital. I have a lot of margin in those budgets and do 6 years of expenses in t-bills etc...
You may be forced to take more than you need.
As soon as I get $2.5 MILLY in will definitely retire. Im on track for my retirement goal age of 60. 🤞🏾🤞🏾🤞🏾 thats my early. In 12 years 🎉🎉🎉
I’m right behind you! 14 years to my 59 and a half. 😊
50K-dollar vacation? Are they flying to Mars?
😂each to their own financial lane. Our friends retired early and went on a 100 day cruise think it was pushing the $70k mark. My wife and I … it’s going to be a month in Portugal for $8k 😅
Ari, you need to get people to move from saving to INVESTING, that's how most workers can become wealthy.
Saving will let you spend the money you earn today at a future date - often you won't even gain in interest the rate of inflation.
Investing in equities will take off after 20 years and start bringing in more gains than you were making in wages.
Haha! Were 51 and feel we (will) have enough mixed assets to pt retire around 56 and Ft by 60. Thought we had a solid plan. The more videos I watch and play with Bold-in I realize that I should really get a planner or holistic advisor involved 😅
Thank you!
Hard for me to believe that someone can accumulate 1.5 million and not have the ability to keep on budget during retirement. Laughable really
Very common