These are presented very well and are easy to understand while being informative. One thing that almost nobody advocates is the opposite: take Social Security ASAP, reducing what you need to pull from investments. The likely scenario is that your self-directed or professionally administered portfolio will earn more than the annual adjustment from Social Security. You get more compounding in your accounts. Let it ride , take your Social Security and use that ready cash while your more lucrative investments flourish. You can always reinvest surplusses you don't immediately need.
I would like to see a video on RMD strategy. That 4% goes out the window when that kicks in and plus your Medicare goes up because some parts are based off income
Thanks for sharing this insightful video! It's crazy how following generalized advice like the 4% rule can lead to mistakes in retirement withdrawals. I wonder if anyone here has thought about rolling over their Roth IRA to a crypto IRA? With My Digital Money, you can do it without penalty and potentially outpace inflation. Food for thought!
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These are presented very well and are easy to understand while being informative. One thing that almost nobody advocates is the opposite: take Social Security ASAP, reducing what you need to pull from investments. The likely scenario is that your self-directed or professionally administered portfolio will earn more than the annual adjustment from Social Security. You get more compounding in your accounts. Let it ride , take your Social Security and use that ready cash while your more lucrative investments flourish. You can always reinvest surplusses you don't immediately need.
Thank you! And great thoughts. Retirement planning definitely isn’t a one-size-fits-all approach.
What excess? Age 62 SS is so small that you’ll spend all of it for living expenses.
I would like to see a video on RMD strategy. That 4% goes out the window when that kicks in and plus your Medicare goes up because some parts are based off income
It doesn't go out the window.
You take your 4% and reinvest the rest!
Great idea!
Great video and discussion Jacob. Keep up the great content. Larry, Central Valley, Ca.
Thanks, Larry! Glad it was helpful.
Excellent video, Jacob. Keep them coming. I hope you and your family have an enjoyable and relaxing holiday; you deserve it!
Thank you, David. Happy Fourth to you!
Thanks Jacob for another very informative video!
Thanks, Mark!
Good stuff. You say "NOW" alot.
Thanks for sharing this insightful video! It's crazy how following generalized advice like the 4% rule can lead to mistakes in retirement withdrawals. I wonder if anyone here has thought about rolling over their Roth IRA to a crypto IRA? With My Digital Money, you can do it without penalty and potentially outpace inflation. Food for thought!
Glad is was helpful!
If you like to gamble with your IRA!!