Retired at age 53, I am in my early 60s. Because they couldn't understand the idea of not working if you don't have to, many individuals resisted me. I viewed my life in phases. In my latter years, I owe it to myself to "stop and smell the roses," even if I have worked hard to get everything I have now. My situation is that I retired and moved to Latin America. It made it possible for me to enjoy my new surroundings while escaping all the bad things that were going on in America. None of the people I've met regret retiring.
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 financial advisors like Melissa Terri Swaynewho 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.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
Thanks Ari. Like others have said, very much enjoy your videos. For me, I believe these are more “confidence-boosting” to hear various strategies and to ensure that I am moving down the right path (btw, I recently early retired in my late 50’s.). And your shows (and others - e.g., Fidelity Insights webinars) give me tips along the way to refine and/or improve my approach. Again, thanks!
As far as I am concerned, anything before FRA counts as "early" retirement. I work not because I have to or I want to, but because I am WILLING to. The V.P. that I report to has been told that the minute things change to the point where I am no longer willing to, I'm gone. It may mean I won't work as long as I PLANNED to, but I have more than enough to not put up with any B.S..
Ari Love ur show 66 y/o divorced male about to retire. $4.5MM mostly in 401K tax deferred aggressive portfolio that has return 30% in last 12 months $1.6MM home with $750k mortgage for interest deductions Living expenses $250-300k year $30k annual pension not inflation adjusted. 2 kids off the payroll
Your living expenses are off the chart. I'm in a similar financial position as you and live rather "Large" on half! You either like your Toys or Vacations (Or at Gambling problem???......Lol!) PS I'm in NY, a HCOL location
As a soon retiree, keeping my 401k on course is my top priority. I have been reading of investors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.
@WilliamsJulians Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low-interest account declines in value each year. Investing is the only way to make your money grow. Unless you have an exceptionally high income, investing is the only way most people will have enough money to retire.
@@KheroFrei Who is the coach who guides you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.
@@TimothysScotts 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.
For the couple with a high 401k, how about using 72t to withdraw for necessities? If you have a very high 401k/IRA that may push you to a high tax bracket come RMD, wouldn’t it be better to withdraw from 401k/IRA and pay at a lower tax bracket than withdraw from a brokerage account? What scenarios would 72t make sense? Most videos talk about 72t being the “LAST” resort. I’m thinking it maybe good for tax planning.
Ari, may I ask which is a better indicator for success, the Monte Carlo probability of success percentage or the withdrawal rate? When I play with the Right Capital software I have a withdrawal rate thats fluctuates between 5.7% and 3.9% but my Probability of success score shows 67%. If I a make adjustments to get my Probability of success rate up to 83%, my withdrawal rate ranges from 4.4% to 2.7%. Any insight would be greatly appreciated. Thank you.
What’s your perspective on the recent strategy paper from Goldman Sachs stating, “We estimate the S&P 500 will deliver an annualized nominal total return of 3% during the next 10 years (7th percentile since 1930) and roughly 1% on a real basis.” This paper was published 10/18/2024 and quite frankly turns my early retirement plan upside down. Would be great to watch a video with your perspective. Even with a diversified portfolio, this makes the prospect of retiring at 48 scary.
"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."
Well said! Retirement is the reward of disciplined investing over the long term, not just a destination.
Well said! My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.
That's a great point! Finding a reliable financial adviser would be essential for me to ensure my retirement plans are well-structured.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
Enjoy the videos Ari. You and James do a great job trying to point folks in the right direction. Thanks!
Retired at age 53, I am in my early 60s. Because they couldn't understand the idea of not working if you don't have to, many individuals resisted me. I viewed my life in phases. In my latter years, I owe it to myself to "stop and smell the roses," even if I have worked hard to get everything I have now. My situation is that I retired and moved to Latin America. It made it possible for me to enjoy my new surroundings while escaping all the bad things that were going on in America. None of the people I've met regret retiring.
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 financial advisors like Melissa Terri Swaynewho 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.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
Good tips. Time well spent reviewing the common sense basics !
Thanks! Love your plain talk videos! I am in my early 50's and wife is 3 years behind me. I have a remote tech job with no stress. I may never retire!
Awesome thank you
Very helpful topic. Thank you for this content.
My pleasure!
Thanks Ari. Like others have said, very much enjoy your videos. For me, I believe these are more “confidence-boosting” to hear various strategies and to ensure that I am moving down the right path (btw, I recently early retired in my late 50’s.). And your shows (and others - e.g., Fidelity Insights webinars) give me tips along the way to refine and/or improve my approach. Again, thanks!
You’re very welcome and I appreciate it
Thanks for your videos appreciate the info !
As far as I am concerned, anything before FRA counts as "early" retirement.
I work not because I have to or I want to, but because I am WILLING to. The V.P. that I report to has been told that the minute things change to the point where I am no longer willing to, I'm gone. It may mean I won't work as long as I PLANNED to, but I have more than enough to not put up with any B.S..
Thanks for sharing.
Ari
Love ur show
66 y/o divorced male about to retire.
$4.5MM mostly in 401K tax deferred aggressive portfolio that has return 30% in last 12 months
$1.6MM home with $750k mortgage for interest deductions
Living expenses $250-300k year
$30k annual pension not inflation adjusted.
2 kids off the payroll
Thank you
Your living expenses are off the chart.
I'm in a similar financial position as you and live rather "Large" on half!
You either like your Toys or Vacations
(Or at Gambling problem???......Lol!)
PS I'm in NY, a HCOL location
@ i enjoy life
and could live on half but choose not to.
@ Thank YOU!
As a soon retiree, keeping my 401k on course is my top priority. I have been reading of investors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.
@WilliamsJulians Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low-interest account declines in value each year. Investing is the only way to make your money grow. Unless you have an exceptionally high income, investing is the only way most people will have enough money to retire.
@@KheroFrei Who is the coach who guides you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.
@@TimothysScotts 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.
@@KheroFrei Thank you for the lead. I searched for her, and I have sent her an email. I hope she gets back to me soon.
3:30 they can, 10% penalty 😅
For the couple with a high 401k, how about using 72t to withdraw for necessities? If you have a very high 401k/IRA that may push you to a high tax bracket come RMD, wouldn’t it be better to withdraw from 401k/IRA and pay at a lower tax bracket than withdraw from a brokerage account? What scenarios would 72t make sense? Most videos talk about 72t being the “LAST” resort. I’m thinking it maybe good for tax planning.
A couple at age 54 living on $25,300/yr, the 72t amount on 1.3M (using the 2022-6A table) could be a challenge.
Ari, may I ask which is a better indicator for success, the Monte Carlo probability of success percentage or the withdrawal rate? When I play with the Right Capital software I have a withdrawal rate thats fluctuates between 5.7% and 3.9% but my Probability of success score shows 67%. If I a make adjustments to get my Probability of success rate up to 83%, my withdrawal rate ranges from 4.4% to 2.7%. Any insight would be greatly appreciated. Thank you.
Withdrawal rate - this dictates retirement success! I wouldn’t focus on probability of success near as much.
What’s your perspective on the recent strategy paper from Goldman Sachs stating, “We estimate the S&P 500 will deliver an annualized nominal total return of 3% during the next 10 years (7th percentile since 1930) and roughly 1% on a real basis.” This paper was published 10/18/2024 and quite frankly turns my early retirement plan upside down. Would be great to watch a video with your perspective. Even with a diversified portfolio, this makes the prospect of retiring at 48 scary.
That was the median prediction.
International,mid/small cap and international have higher estimated returns by Goldman Sacks