Hey Pete! Thank you so much for taking the time to drop us a comment! Very nice of you to say. Sorry that you appeared to get some spam under your comment, all removed now. Best regards, Neil & Sarah
Hope Sarah is feeling better. Very informative information thank you Neil. I also would like to see the places that you visit too, culture, sights etc a good mix would be amazing.
Hey Janet! Thank you so much for taking the time to drop us a comment! We have struggled here being stuck in our apartment for over a month so it has been difficult to make videos and for them to be interesting. Fear not, now we are feeling better, you will see a lot more of where we are. Best regards, Neil & Sarah
Great information Neal. Best wishes for a speedy recovery Sarah. Always look forward to your videos. This video provides further affirmation of what my planning has revolved around and what my mindset is regarding retirement. The icing on the cake is ACTUALLY SEEING you and Sarah DOING IT! I have come to realize that my retirement in the US would be ‘okay’ - but, I also realize that it could be much better elsewhere. The cost of living in the US is just so high that it forces me to question the ‘value’ of remaining here. As you and Sarah outline the merits of geoarbitrage, I am reminded of how I have always realized that (within my own country), where I live (Houston, TX) has always offered about the best ‘bang for the buck’ that you can get in the US. So, where does that leave me when realizing that my retirement can cover my expenses and a little more? It leaves me looking to competitively shop - as I would if I were making any major purchase such as appliances, TV, cars, etc. Retirement is a major ‘purchase’. Where you choose to ‘spend’ it can have a great impact on how good ‘it’ is to/for you. I have a good friend who decided to move to Spain for this very reason; he and his wife haven’t looked back - 2 years into it and they wonder why they didn’t do it years earlier. Thanks again for your consistently great content Neal and Sarah!
Hey 1Clik! Thank you so much for taking the time to drop us a comment! Really interesting comment here. What a great concept "buying a retirement" as a big ticket purchase. Wow.... I love the way you have looked at that. We have had so many interesting comments already on this video, fuelling ideas for future videos. This is one of the best I have heard for a long time. Really appreciate it. Best regards, Neil & Sarah
You guys help me so much. Coming to the point of pulling the trigger. Our first 3 years we will be traveling 6 months out of the year with a 24k budget. My 85 year old mother lives in our home, so that's what's stopping us from selling everything. Of course if she has an event that she cannot be sline in our house, then we sell thr house sooner. Thank you for sharing uour life and experience.
My husband and I are new to your channel and LOVE the information you share. On top of that, the transparency and humor is top notch! Since we're new, we're just trying to catch up. "Just made it" to Athens. :) However, "we" watched all of your minimalism and early retirement playlists. After 30 years of teaching, I have a pension and saved up enough money so my younger husband could retire with me. We want to travel abroad. Our research started 2 years ago. We're close to choosing our flights. Thank you for leading the way!
Hey DD2015! Thank you so much for taking the time to drop us a comment! This is a brilliant thing to hear! Really hope we are able to help and also provide some confidence in your own plan. Let us know when the flights are booked! Best regards, Neil & Sarah
Get well Sarah! We have found house sitting and volunteer work to cover our housing expenses in expensive areas a great way to make our money go much further.
Hey Mike & Deb! Thank you so much for taking the time to drop us a comment! We did a housesit last year in Mexico and we will continue to consider that as we travel, it is a great hack eh. You are experts at this! Best regards, Neil & Sarah
Hey Thea! Thank you so much for taking the time to drop us a comment! That is so cool of you to say, it is hard work planning and putting them together so it is lovely to see them get such lovely appreciation. Thank you so much. Best regards, Neil & Sarah
Excellent video, Neil, as always. Best wishes to Sarah for a swift recovery --- you break things down so expertly that it's obvious you did your homework before retiring and are keeping a weather eye on your income and expenditures as you go!
Hey QuoVadis! Thank you so much for taking the time to drop us a comment as ever. Thank you so much, very different sentiment than the comments from people we have had saying that we will be destitute in 10 years time :-) Best regards, Neil & Sarah
Hi Guys. Enjoying your channel, especially the honesty. Sorry to hear about your bereavement and having to return to the UK. Glad to see you are back on the road again. We did one year and had to come back to care for my mum. We thought it would be a few months but it turned into 4 year full time carer; sadly she died in January this year. Judith had taken a sabbatical year so had to go back to work or quit. So back to work it was. I retired 5 years ago and would love to get going again. Judith is sadly 15 years away from her pension. Looking forwarded to working my way through the rest of your videos in this topic 🤗
Was so excited when I stumbled upon your videos and saw so many. I have watched back to back and have reached Athens. Was happy to see that you added Australian dollars as I find the budget info really useful. Can't wait to catch up and find out where you go to from Athens. You're doing a great job 😁
Loved your video, and looking forward to next week's. Hope it does shorten our horizon to retirement. Glad you are on the mend, and hope Sarah is feeling better soon.
Hey Maria! Thank you so much for taking the time to drop us a comment as ever. Sarah is starting to do much better now thank you. What did you think of the Guardrails? Best regards, Neil & Sarah
Hey Debbie & Stijn! Thank you so much for taking the time to drop us a comment as ever. Sarah is doing much better thank you. To viewers seeing this comment - Check out "Our Italian Destiny" TH-cam channel, this couple are really living their dream and it is lovely to watch. Best regards, Neil & Sarah
@@2GoRoam So glad to hear Sarah is on the uphill swing💞 Neil and Sarah we are looking forward to the day you find yourselves in Italy during your World travels and we can have you as our guests at Villa Destino💞🇮🇹 Debbie and Stijn
Thanks so much for all the videos! You all do a great job! Wish you could earn a little more for all the hard work. The info is very good and interesting. Miss your more travel/best places type of videos but totally understand it takes a lot of time and the return, so far, is tough to justify. Anyway, wish you both the best and will continue to keep watching!
Hope you're both feeling better now. Loved the interviews and your examples are hilarious. Hope Doris returns in future videos. 😆 Great info and appreciate calling out the flaw in the 4% rule. When I retire in a few years I plan to have a lot longer to live as I'll only be in my late 40s. Looking forward to more great content.
Hey Janell! Thanks for getting in touch as usual. That is really cool, I think you might really enjoy next weeks video that builds on the concept of this one. Best regards, Neil & Sarah
Thanks for a really good video. I am always skeptical of these one-size-fits-all formulas. Everyone is different and every situation is unique. While the 4% rule might provide a very rough estimate, it is ultimately up to each couple to determine what works best for them. Erin handles all of our longer term financial planning. I just told her that I would work until she tells me to stop. That seems to work for us.
Hey RL! Thank you so much for taking the time to drop us a comment as ever! Sorry we have only just got to it, we have been out making videos :-) Erin has her finger on the pulse, you are in good hands there. Really interested to hear what you think of the video coming out this Saturday, it moves on from this one and again, talks about being a lot more flexible than these one size fit all plans can do. All the best and speak soon! Best regards, Neil & Sarah
Hey Carolyn! Thank you so much for taking the time to drop us a comment! I have added the Guardrails to our list of videos to make so we will get to it one day for sure. Pleased you liked the video! Best regards, Neil & Sarah
Very informative video. Thanks! I look forward to next week’s. We also used the 4% rule as a basis, but actually we’re spending far less than that, which has been a huge ego boost. I hope you and Sarah and feeling better soon!!
Hey Owen! Thank you so much for taking the time to drop us a comment! We think you will like next Saturday's video if you are spending less than the 4% rule. Sarah is now doing much better thank you. Best regards, Neil & Sarah
Once you are on Social Security and/or drawing a pension you need to calculate what I am calling my "Annuity Shortfall." This is the amount of my expenses that exceeds my annuity income. The annuity shortfall can only be drawn from savings (unless you have some earned income still from some activity you enjoy.) This is the amount that you need to apply the 4% rule to and is a much easier nut to crack after collecting social security than before.
Hey Allen! Thank you so much for taking the time to drop us a comment! I get more into that detail on next weeks video, interested to hear what you think but you make a great point here. Best regards, Neil & Sarah
Hey Mel! Thanks for getting in touch as ever. Yes we have struggled... we have now come down with some kind of parasite infection, but we will bounce back :-) Best regards, Neil & Sarah
Hey Jeff! Thank you so much for taking the time to drop us a comment! Sarah is now in full health, thank you for the concern. Working on it... we are working on a series of financial videos over the next 3 months and th GuardRails are on that list. Best regards, Neil & Sarah
Hey Janet! Really appreciate the comment, we work hard to make them fun as well as the information. Lovely to hear that it is appreciated thank you. Best regards, Neil & Sarah
Loved the vlog Neal hope Sarah gets well soon 😊pensions are a interesting subject to me as I decided to retire at 53 , I think the secret is understanding what happiness is 😊a few years ago I was in Barbados spoke to some lads surfing it was a week day and I said not at work today they said why work when the surfs up ,that always stuck in my mind , I suppose what I am trying to get at is how much money is enough for some people they never have enough money because more things like bigger house better car makes them happy then there’s the surfer happiness is a good wave day and that’s free , for me I think the surfer has the right idea on happiness,looking forward to the next vlog 😎👍
Hey Martin! Thank you so much for taking the time to drop us a comment! You are 100% correct, knowing what is enough is the secret, because once you know that, you are free to ride the surf midweek! That is inspirational, thank you! Best regards, Neil & Sarah
Hey Stacie! Thank you so much for taking the time to drop us a comment! Haha, I had fun making that... being silly is the most fun :-) Best regards, Neil & Sarah
Big thumbs up! Your fantastic. Hilarious and very informative presentation. Your an Ace at u-tubing. You might consider a career in stand-up and go back to work lol. Just think of the $$. I’m lucky that I have three pensions which covers all our expenses. We are retired (65 and 59)and are drawing down investments as quickly as possible including selling the house in the future and having a home base renting somewhere as we are not digital nomads. Having a financial plan thats updated helps significantly so we don’t worry about percentages. Spending the money and looking forward to travel ! Hope you guys get well soon. Look forward to the next video!
Hey Paul! Thank you so much for taking the time to drop us a comment! That is a really cool comment to make, made our day! Sounds like you have a great plan and outlook on finance too! Best regards, Neil & Sarah
Hey Richard! Thank you so much for taking the time to drop us a comment! That is really cool of you to say, really appreciate that. Voiceover, that would be fun :-) Best regards, Neil & Sarah
A suggestion for content. As a woman it think about personal things and their impact. How do you manage hair cuts/colour. Is it more or less expensive? How do you find stylist. What clothes have you packed and what worked/didn’t work. Would love to hear details on how you practically manage travelling and tips that make it all work. Love your videos. Look forward to them
Hey Mac! Thank you so much for taking the time to drop us a comment! We will discuss adding this as a video episode soon, we have taken a copy of this to discuss. Best regards, Neil & Sarah
the 4% rule made us feel more confident that we're ready for early retirement but I agree with you, its flawed, especially this year where we're set to loose £20k for this year with our investments if we take our yearly drawdown. hence, were not withdrawing anything from our drawdown and source our living expenses from other sources. please don't stop sharing tips on how to plan your trips and how you fund it.
Hey RC! Thank you so much for taking the time to drop us a comment! All we ever want people to do is to take responsibility for their financial position rather than assuming everything will be ok. Appreciate you getting in touch. Best regards, Neil & Sarah
Loved meeting all of your friends 😜. Great way to explain the 4% rule! We work with a financial advisor who has been more bullish on our % withdrawal for retirement since Social Security will positively impact our cash flow (when we qualify). We feel comfortable being more cautious than that, however- particularly in today’s market environment. Really hope Sarah is feeling much, much better!!
Hey Ashley! Thank you so much for taking the time to drop us a comment! Absolutely and next weeks video will get into that element also, it shows that people have a lot more options and flexibility than maybe they think. Sarah is doing much better! See you soon! Best regards, Neil & Sarah
Hope Sarah is back up to snuff quickly! Great job with your explanation of calculating how much one needs to retire! Didn't know the 4% rule. I used 3% when my wife and I did a similar analysis in 2012 when I retired. I will certainly check out Guyton's Guardrails! Thanks for that!! By the way, great sense of humor Neil! Have you had a chance to check out the elephants yet? Cheers! Gordon
Hey Gordon! Thank you so much for taking the time to drop us a comment as ever. Cool to think you were doing the 3% rule before anyone really knew about this stuff, it certainly wasn't popular in 2012. Not yet, basically we have been unwell for over a month now, we can't wait to get out there and start living again. Best regards, Neil & Sarah
If every college taught like this we would all be geniuses!! I haven't laughed this hard in a long time! Informative and funny!!!😄 Love it!!! Thank you!!!!
I’m so sorry to hear that you’ve both been sick again. ☹️. Hope Sarah will be back in great shape very soon. Thank you for another informative video. I know so little about investing. It all seems like a different language to me. I appreciate it when you discuss these matters that you make it so that even I can understand it. Looking forward to next Saturday’s video. 😁
Hey Lorrie! Thank you so much for taking the time to drop us a comment! Over a month we have been sick, crazy really. Sarah is starting to do better now thankfully. Hope I can continue to help you make sense of this finance nonsense! Best regards, Neil & Sarah
I hope Sarah gets well quickly. Your money advice is sound and like you said your living like an adult. It is so often the case that people get a bit of extra money and buy useless crap that ends up breaking. You also have to think out of the box and look around in the area you are in that has free entertainment. This summer my husband and I along with our grandson are having a blast, we look on line or in our local papers to find festivals and carnivals that are free. Now as it comes to food you gotta eat anyway lol so eat eat at local family oriented restaurants, and when your at a carnival I suggest you try funnel cakes!! So far this summer we have been to 5 free music concerts, watched a play put on for free (or for a small donation which we did give ) went to a bunch of church carnivals including our church A rib festival which was divine I love BBQ ribs!!! Adding it all up including gas we spent around $150.00 that isn't bad for what the three of us did!! So if you happen to come back to the states. go on the cities web sight and look for things to do you will find an almost free and fun day. Which will stretch your budget!!! Happy safe traveling!!!
Hey Linda! Really appreciate the comment, wow you are an inspiration, that is incredible. It is all about being intentional about what you do in life isn't it and you are doing great. We LOVE that! Best regards, Neil & Sarah
I started a job in 2014 and 6 months later I was "red circled" which meant I would not see inflationary increases ever!! I worked there 8 years without one inflationary increase. So yes, this video is very relevant. Do not assume the market or your salary will increase at all annually. Plan for the worst and hope for the best. Thanks for the video.
Each week I look forward to your videos. Great one man show Neil! I did miss seeing Sarah and I hope she feels better soon. You should do a segment on being sick without a home. I spent my life focused on saving and was able to retire right before I turned 53 with a small gvt pension. I won't be able to access my 401K until I'm 59.5 but at 60 I'll get another pension, and these will grow and last until I die. At 70 I'll take my social security. I started feeling the pinch of inflation this year. I won't be able to fully leverage geo arbitrage until I'm no longer responsible for my senior cat. My passion is yoga and it's great to have a side gig that I love that provides extra income. After spending my career focused on saving, I realize I'm going to have to figure out the best way to deal with taxes because eventually I'll have to take required minimum distributions and I'll have set streams of income from three different sources (gvt pension, military pension, and social security) that will continue to grow. It's a good problem to have but I wish I didn't have to wait until almost 60 to access my 401K without a penalty. Impressive how you can tackle such a weighty topic in a short video and explain the 4% rule in less than 60 seconds. I loved your characters in your skits. Bravo!
Hey Kimbere;y! Thank you so much for taking the time to drop us a comment as ever. Sarah is starting to feel much better which is great. Yes the cat, can understand he/she is your top priority at the moment. Tax is a challenge and one we are working our way through at the moemnt. Really over the moon that you enjoyed this video, it was actually a lot of fun to make. Best regards, Neil & Sarah
Hey Annette! Really appreciate the comment as ever. We have both struggled so much with sickness for the last month. I am now struggling with a parasite infection! Fun times. All the best to you and John. Best regards, Neil & Sarah
“You are the CEO of your life.” Yup, the inflation addition to my FI calculations always bothered me because I knew I would geoarbitraging. A video on Guyton Guardrail sounds interesting. Until then I’ll check out the link. I love new perspectives on FI.
Hey SD! Thank you so much for taking the time to drop us a comment! Adding the Guardrails to my list of videos for us to make. Best regards, Neil & Sarah
What a great video, you guys are switched on and fun too, love it. Personally I have taken a different view on planning for retirement. I have worked out what I would like to spend each year on travel £xk and also what I want to achieve as liquid income minus expenses. So I am driving my expenses down as far as I can and then working out what I need each month to give me that liquid income minus expenses. Increase expenses with inflation for each year, and increase pot of money inline with inflation. When I do that I can achieve a comfortable income for us both as I map it out to 90 years old with the pot of cash I have and with state pensions mapped in too. It blows the 4% out of the water for me as it's based on what we believe will be a comfortable liquid income for us. So for example, with bills paid, what would be a good liquid income for you?... £100 per week, £200, £300 ? everyone will be different... BTW, hope Sarah recovers soon, my best wishes.
Hey Dean! Thank you so much for taking the time to drop us a comment! Really interesting comment too. Really like the thinking around the liquid money... that has got my mind ticking over, very interesting indeed! If we ever make a video called "Fixed costs + Liquid - this is how to live life well" I'll be sure to name check you :-) Best regards, Neil & Sarah
@@2GoRoam Thank you, I have a template Google sheet / tool I have created, let me know if you would like me to share it with you so you can see my thinking.
Very interesting and informative content Yes the 4%rule has had its day based on my experience As I've looked at it and luckily not had to use it !!!The rule doesn't seem to have any "wiggle room "in the even of a market "adjustment "well let's use no financial speak FALL !! AS I see it if you keep pulling 4% from a vastly diminished pot your initial projected draw down period will have to be drastically reduced or the 4%rule may have to have become the 2%rule or zero rule ! Those options in the greatest number of cases are totally impracticable. New subscriber and find your output to be of great help and a good laugh 😊😊😊
A few cameo rolls for you in this vlog Neil ha ha ha. We could hear how you are still struggling to get your breath, so do rest up and get 100% well again. As for your advice, on point, as always, thank you.
Hey Shaz & Daz! Thank you so much for taking the time to drop us a comment as ever. Resting is over we are now getting out there living. Brilliant to catch up with you both this week! Best regards, Neil & Sarah
@@2GoRoam thanks guys. Glad you are back out having fun. We are still buzzing from the chat. It was great. We'll do it again if we survive Birmingham in October. 🤣🤣
Great informative video Neil, thank you. Hope Sarah is starting to feel better. We recently had Covid ourselves, so understand how it can knock you for six! Would love to see and hear more about the destinations your visiting, eg Chiang Mai. You’ve been there over 2 months now haven’t t you? Do you plan on doing say a Thailand or Chiang Mai round up video, ie how you see it as an early retirement place to live? All the best 🍹
Hey Ian! Really appreciate the comment, hope you are on the mend. Yes we will be showing a load more about Chiang Mai while we are here but we have been stuck in our apartment for over a month now. You'll be seeing lots of what Northern Thailand has to over once we get out there properly. It is a great place to live based on the limited amount we have seen so far. Best regards, Neil & Sarah
I'm basing my retirement needs based off what I'm spending now which is $5k (US) a month. But that's in a fairly expensive area. The geo(whatever you call it) is our plan though so we should do well. That's the way to go in my opinion
Hi both. Hope Sarah is feeling better soon! Really great advice as always. I'm wondering if Doris and Mavis are similar to people you have worked with in the past🤣🤣. Looking forward to your video next week. Take care both.xx
Hey Ange! Thank you so much for taking the time to drop us a comment as ever. You asking me to name names??? Hope you are well!!! Best regards, Neil & Sarah
I read the 'guardrails' article. I find it is more simply stated: reduce your withdrawal rate below 4% if the value of your portfolio drops i.e. falls behind inflation. Be vigilant for the first 10 years and track it, year in, year out. It seems to me this is a function of asset returns against inflation. What if a person's portfolio grows faster than inflation+4% ? What if an individual has $2m and only needs income of $75k? Thanks.
Hey Kevin! Thank you so much for taking the time to drop us a comment! The key to it all is to remember that we are not robots and that is what a rule of thumb like the 4% rule assumes. As you grow older then you flex your plan through studying and maintaining strong budget forecasts. Sounds like you are thinking absolutely in the right way on this. Think you will find the video coming out the Saturday pretty interesting too. Best regards, Neil & Sarah
Easier math amount you want to spend divide by 0.04 (4%). Thank you for pointing out lock step taking out a set amount regardless of circumstances is not wise.
Hey Gall! Thank you so much for taking the time to drop us a comment! Not so straight forward to explain on video but you are right when in a spreadsheet 👍 Best regards, Neil & Sarah
Overall, an informative & entertaining video. I prefer the Guyton method, or at least a variation of it that I use. The biggest problemI have with the 4% rule isn’t really addressed here. What isn’t taken into account is that generally, people don’t need the same amount of money at different stages of their lives. Simply put, a 65 year old spends more than a 75 year old, who spends more than an 85 year old, who spends more than a 95 year old. Many financial planners fail to account for this in their advice, yet it’s been proven. People need to adjust their spending plans each year due to market gains or decreases, inflation, other changes in income, and their age. I have no problem using the 4% rule as a guideline, but that’s all it is.
Hey Mark! Thank you so much for taking the time to drop us a comment! This is a great comment to, you will like what I am talking about on next weeks video, as mentioned on this video I will be building on these concepts and next week, is exactly this. Hope you enjoy it, comment next week ok? Best regards, Neil & Sarah
Thanks for the video. Just wondering with your working time in Corporates. Did you both amass many years of service and qualify for DB pensions, so these are waiting for you on your return?
We are UK expats living in USA (when not traveling) .we retired at 55 and getting ready to move more as Covid becomes a non issue but in your budget vid i watched i didn't see the airfare added or was it so low it was in the travel part? Probably should have put this in the other vids comments but i thought i would give you something to read as you've got the lurgy :)
Hey EarthRoamers! Really appreciate the comment, yes the costs include all travel, flights and insurance. Nothing was left out on that video. Nice to hear from some other UK nomads :-) Best regards, Neil & Sarah
@@2GoRoam Thanks guys, We are thinking air travel is next as we have done sailboat and currently 3 years in the truck so i will keep watching and learn. thanks for the reply :)
Sara always looks so beautiful. How does she do it travelling? It’s hard for us girls to trim down toiletries and makeup, worry about hair etc. how does she cope to always looks so lovely.
Hey Mac & King D! Thank you so much for taking the time to drop us a comment! Sarah was very happy when I read this to her. She mainly looks for products that are as natural as possible. Best regards, Neil & Sarah
Hi guys! It’s taking me a long time to make this,, so hopefully Sara is right as rain by now!👍 Here are my issues with the 4% rule and your examples: - annual living expenses are one thing, but often people get into their 80s or 90s and then need substantially more money than that because of long-term care needs. That’s my paranoia! - your annual allowances in your examples seem very low! I’m thinking viewers of your channel like me, plan to do foreign travel and have some fun. I don’t see how on earth I would do that on $25 to 30K a year! 😳 - I think we should all assume we will live until we are 95. If we die sooner than that, our beneficiaries get some money 😉 Those are my thoughts! Thanks for another excellent video! I love talking about retirement planning 💕 Cheers! Dara P.S. We are different than you because Ian and I live in the US part of the year and the UK part of the year. 🇺🇸🇬🇧 It is very interesting how much our living expenses and our lifestyle differs in those two parts of the year! 😉 For us, it’s a good practice for retirement! At this point, we are only semi retired. Which means we are fully retired until work comes our way 😂
Hey Emma! Thanks for getting in touch, you just have to keep on going. There will be tough years, but keep focused and you will be good. Best regards, Neil & Sarah
My retirement plan did away with the 4% rule and replaced it with the 0% rule. It worked great for me. I have been retired for 22 years and all my IRA's and investments remain untouched.
No one ever says how they down down the 4 percent. Sell stocks? Rebalancing to income...I'm going towards income because I think if I sell 4 percent of my stock I'll run out.
I don’t know who I am 🤦🏻♀️ I retired and have not even draw my pension 🙄everything financial gives me 😖 do not understand it and never have like it 🤯😢
Hey Oralia! Really appreciate the comment, is there anything you would like us to cover in a video that could help? That would be great inspiration for us. Best regards, Neil & Sarah
Hey A G! Thank you so much for taking the time to drop us a comment! Something tells me, you will REALLY like next weeks video :-) I cover exactly this element. Best regards, Neil & Sarah
and what happens if the markets drop 30+%.... gotta make that clear to people.... investments don't always go up. People need to be prepared to pay themselves LESS each year, despite higher prices.. if necessary!
In the vein of Alfred P. DOOLITTLE, Neil, you have absolutely ruined me! I discovered your videos a few days ago, and this one just two days ago. I have been pouring over my numbers and running multiple scenarios. I promised my wife I would wait to 59.5, (we are the same age, you and I) but now I can’t concentrate at work because using Guyton’s guardrails I should be more than able to retire. My co-workers are cross with you as well, not wanting me to leave, but it is all I can think about. And now you have let the cat out of the bag, opened your Pandora’s box. Think of all the havoc you are causing. Seriously though, if you ever find yourself in Mayberry, home of Andy Griffith, give me a shout, beers are on me, APPARENTLY I can afford it!
Hey David! And you know.... that man decided, out of all the seats to choose, to sit right next to me and was getting very annoyed at me talking to a camera even though I apologised and offered to move. Well that's life eh. Best regards, Neil & Sarah
Neal, given that you recently had Covid, I don’t think your lungs really wanted you to do that interview sequence with all of the running back-and-forth to either side of the table! 😳 - Dara
Hey Billie! Thank you so much for taking the time to drop us a comment! Working out a good tax strategy is also critical to a good retirement plan, I agree. Best regards, Neil & Sarah
Hey John! Thank you so much for taking the time to drop us a comment! There are a lot of factors other than inflation that impact what the FI number will be, looking at your own costs is the first step. Best regards, Neil & Sarah
It doesn't work. We will only pull funds down when things are up and there will be years where investments are up 15, 20, 30+ % Far exceeding any loses in a couple bad years. So have years of cash to ride out downturns and then pull some gains in major up years to back fill that cash bucket. Yes, whaaaaaaa. you may pay a little more in taxes, it isn't going to make a difference. Stress testing that plan for us has proven that in NO time from 1929 to 2021 would we have run out of money but instead would have more money than we know what to do with in the end. Some years we would be pulling 10 to 15% down, other years none, still other years 5%, whatever works to keep that buffer for bad times.
I'd love that drink - so cheap! $825k not hundreds! It's flawed cos we don't know when the end is near...just live for the now! Geo arbitrage and Int'l housesitting. I'm building a 10% savings from my retirement income so that it creates automatic future-proofing against future years' inflationary costs. Simply reduce your COL and create a line item of 10%.
Hey Cing! Thank you so much for taking the time to drop us a comment! Well if you had $100 Million and continued to take 4% with Inflation increases you absolutely can be out of cash after 30 years. So indeed... it can be flawed if you don't take real control of your own plan. Best regards, Neil & Sarah
How do you figure you can count on 4% these days for anything? You have zero guarantees. Take back our country or suffer the consequences. Where am I wrong?
Hey Dave! Thank you so much for taking the time to drop us a comment! Sadly she isn't interested in meeting others at the moment, she spends most of her time completing retirement 4% calculations and that is taking all her time sadly. Best regards, Neil & Sarah
The employer conversation was brilliant..... Spot on with the acting on both sides :)
Quality content as always, videos like this and insight from an expert really helps.
Hey Pete!
Thank you so much for taking the time to drop us a comment! Very nice of you to say. Sorry that you appeared to get some spam under your comment, all removed now.
Best regards,
Neil & Sarah
Hope Sarah is feeling better.
Very informative information thank you Neil.
I also would like to see the places that you visit too, culture, sights etc a good mix would be amazing.
Hey Janet!
Thank you so much for taking the time to drop us a comment! We have struggled here being stuck in our apartment for over a month so it has been difficult to make videos and for them to be interesting. Fear not, now we are feeling better, you will see a lot more of where we are.
Best regards,
Neil & Sarah
Thank you as usual. And I loved how you ran back-and-forth for one side of the desk to the other. That was priceless.
Great information Neal. Best wishes for a speedy recovery Sarah. Always look forward to your videos. This video provides further affirmation of what my planning has revolved around and what my mindset is regarding retirement. The icing on the cake is ACTUALLY SEEING you and Sarah DOING IT!
I have come to realize that my retirement in the US would be ‘okay’ - but, I also realize that it could be much better elsewhere. The cost of living in the US is just so high that it forces me to question the ‘value’ of remaining here.
As you and Sarah outline the merits of geoarbitrage, I am reminded of how I have always realized that (within my own country), where I live (Houston, TX) has always offered about the best ‘bang for the buck’ that you can get in the US. So, where does that leave me when realizing that my retirement can cover my expenses and a little more? It leaves me looking to competitively shop - as I would if I were making any major purchase such as appliances, TV, cars, etc.
Retirement is a major ‘purchase’. Where you choose to ‘spend’ it can have a great impact on how good ‘it’ is to/for you.
I have a good friend who decided to move to Spain for this very reason; he and his wife haven’t looked back - 2 years into it and they wonder why they didn’t do it years earlier.
Thanks again for your consistently great content Neal and Sarah!
Hey 1Clik!
Thank you so much for taking the time to drop us a comment!
Really interesting comment here. What a great concept "buying a retirement" as a big ticket purchase. Wow.... I love the way you have looked at that. We have had so many interesting comments already on this video, fuelling ideas for future videos. This is one of the best I have heard for a long time.
Really appreciate it.
Best regards,
Neil & Sarah
You guys help me so much. Coming to the point of pulling the trigger. Our first 3 years we will be traveling 6 months out of the year with a 24k budget. My 85 year old mother lives in our home, so that's what's stopping us from selling everything. Of course if she has an event that she cannot be sline in our house, then we sell thr house sooner. Thank you for sharing uour life and experience.
My husband and I are new to your channel and LOVE the information you share. On top of that, the transparency and humor is top notch! Since we're new, we're just trying to catch up. "Just made it" to Athens. :) However, "we" watched all of your minimalism and early retirement playlists. After 30 years of teaching, I have a pension and saved up enough money so my younger husband could retire with me. We want to travel abroad. Our research started 2 years ago. We're close to choosing our flights. Thank you for leading the way!
Hey DD2015!
Thank you so much for taking the time to drop us a comment!
This is a brilliant thing to hear! Really hope we are able to help and also provide some confidence in your own plan. Let us know when the flights are booked!
Best regards,
Neil & Sarah
Get well Sarah! We have found house sitting and volunteer work to cover our housing expenses in expensive areas a great way to make our money go much further.
Hey Mike & Deb!
Thank you so much for taking the time to drop us a comment! We did a housesit last year in Mexico and we will continue to consider that as we travel, it is a great hack eh. You are experts at this!
Best regards,
Neil & Sarah
I think that the secret is to always live below your means. So you should never run out of money.
You’ve got talent. I so enjoy your videos. I really appreciate that you speak to your audience and what we may have on our minds. Smiles all around.
Hey Thea!
Thank you so much for taking the time to drop us a comment! That is so cool of you to say, it is hard work planning and putting them together so it is lovely to see them get such lovely appreciation. Thank you so much.
Best regards,
Neil & Sarah
Excellent video, Neil, as always. Best wishes to Sarah for a swift recovery --- you break things down so expertly that it's obvious you did your homework before retiring and are keeping a weather eye on your income and expenditures as you go!
Hey QuoVadis!
Thank you so much for taking the time to drop us a comment as ever. Thank you so much, very different sentiment than the comments from people we have had saying that we will be destitute in 10 years time :-)
Best regards,
Neil & Sarah
Brilliant video Neil thank you...Sarah you were missed and hope you recover soon..
Hey Dawn!
Really appreciate the comment, Sarah is starting to feel much better.
Best regards,
Neil & Sarah
Hi Guys. Enjoying your channel, especially the honesty. Sorry to hear about your bereavement and having to return to the UK. Glad to see you are back on the road again. We did one year and had to come back to care for my mum. We thought it would be a few months but it turned into 4 year full time carer; sadly she died in January this year. Judith had taken a sabbatical year so had to go back to work or quit. So back to work it was. I retired 5 years ago and would love to get going again. Judith is sadly 15 years away from her pension. Looking forwarded to working my way through the rest of your videos in this topic 🤗
Was so excited when I stumbled upon your videos and saw so many. I have watched back to back and have reached Athens. Was happy to see that you added Australian dollars as I find the budget info really useful. Can't wait to catch up and find out where you go to from Athens. You're doing a great job 😁
Welcome aboard Susan! Hope you enjoy the rest and join our journey going forward :-)
Best regards,
Neil & Sarah
Thank you both, wishing Sarah the best as she recovers.
Thank you!
Hoping that both of you have better health and happiness- enjoy your videos
Hey Amy!
Thank you, that is lovely of you to say. Appreciate you getting in touch.
Best regards,
Neil & Sarah
Loved your video, and looking forward to next week's. Hope it does shorten our horizon to retirement.
Glad you are on the mend, and hope Sarah is feeling better soon.
Hey Chrissy!
Thank you so much for taking the time to drop us a comment! I think it might.. hope you enjoy!
Best regards,
Neil & Sarah
Hope Sarah recovers fast. Good video. Loved the 60s idea. I'm going to check the Guyton-Klinger's guardrails.
Hey Maria!
Thank you so much for taking the time to drop us a comment as ever. Sarah is starting to do much better now thank you. What did you think of the Guardrails?
Best regards,
Neil & Sarah
Always love your information that you share with us. Hope Sarah is feeling better soon. Looking forward to the next one.
Debbie and Stijn
Hey Debbie & Stijn!
Thank you so much for taking the time to drop us a comment as ever. Sarah is doing much better thank you.
To viewers seeing this comment - Check out "Our Italian Destiny" TH-cam channel, this couple are really living their dream and it is lovely to watch.
Best regards,
Neil & Sarah
@@2GoRoam So glad to hear Sarah is on the uphill swing💞
Neil and Sarah we are looking forward to the day you find yourselves in Italy during your World travels and we can have you as our guests at Villa Destino💞🇮🇹
Debbie and Stijn
I’m so sorry to hear how ill you’ve been! Hoping Sarah feels better soon! 🙏
Hey Magenta!
Thanks for getting in touch as usual. Sarah is doing much better now thank you.
Best regards,
Neil & Sarah
Thanks so much for all the videos! You all do a great job! Wish you could earn a little more for all the hard work. The info is very good and interesting. Miss your more travel/best places type of videos but totally understand it takes a lot of time and the return, so far, is tough to justify. Anyway, wish you both the best and will continue to keep watching!
Hope you're both feeling better now. Loved the interviews and your examples are hilarious. Hope Doris returns in future videos. 😆
Great info and appreciate calling out the flaw in the 4% rule. When I retire in a few years I plan to have a lot longer to live as I'll only be in my late 40s. Looking forward to more great content.
Hey Janell!
Thanks for getting in touch as usual.
That is really cool, I think you might really enjoy next weeks video that builds on the concept of this one.
Best regards,
Neil & Sarah
Thanks for a really good video. I am always skeptical of these one-size-fits-all formulas. Everyone is different and every situation is unique. While the 4% rule might provide a very rough estimate, it is ultimately up to each couple to determine what works best for them. Erin handles all of our longer term financial planning. I just told her that I would work until she tells me to stop. That seems to work for us.
Hey RL!
Thank you so much for taking the time to drop us a comment as ever! Sorry we have only just got to it, we have been out making videos :-)
Erin has her finger on the pulse, you are in good hands there. Really interested to hear what you think of the video coming out this Saturday, it moves on from this one and again, talks about being a lot more flexible than these one size fit all plans can do.
All the best and speak soon!
Best regards,
Neil & Sarah
Best wishes on a full and speedy recovery for you both. Excellent video - would love a deep dive on Guyton-Klinger's guardrails.
Hey Carolyn!
Thank you so much for taking the time to drop us a comment! I have added the Guardrails to our list of videos to make so we will get to it one day for sure. Pleased you liked the video!
Best regards,
Neil & Sarah
Very informative video. Thanks! I look forward to next week’s. We also used the 4% rule as a basis, but actually we’re spending far less than that, which has been a huge ego boost. I hope you and Sarah and feeling better soon!!
Hey Owen!
Thank you so much for taking the time to drop us a comment! We think you will like next Saturday's video if you are spending less than the 4% rule.
Sarah is now doing much better thank you.
Best regards,
Neil & Sarah
@@2GoRoam so glad to hear. Looking forward to it. Saturday is only a day away!
Time flies eh!
@@2GoRoam when you’re having fun!
Once you are on Social Security and/or drawing a pension you need to calculate what I am calling my "Annuity Shortfall." This is the amount of my expenses that exceeds my annuity income. The annuity shortfall can only be drawn from savings (unless you have some earned income still from some activity you enjoy.) This is the amount that you need to apply the 4% rule to and is a much easier nut to crack after collecting social security than before.
Hey Allen!
Thank you so much for taking the time to drop us a comment! I get more into that detail on next weeks video, interested to hear what you think but you make a great point here.
Best regards,
Neil & Sarah
Great information! Best wishes to Sarah and I hope you two stay well from here on out. When it rains it pours! 🤧
Hey Mel!
Thanks for getting in touch as ever. Yes we have struggled... we have now come down with some kind of parasite infection, but we will bounce back :-)
Best regards,
Neil & Sarah
@@2GoRoam Oh no! 😟
We'll get there, do not fear. We are positive and laughing at our plight.
@@2GoRoam Good for you! I'm afraid my attitude would not be so positive!
Hope Sarah is feeling well soon! I would be interested in a new video as mentioned on Guyton's guardrails
Hey Jeff!
Thank you so much for taking the time to drop us a comment! Sarah is now in full health, thank you for the concern.
Working on it... we are working on a series of financial videos over the next 3 months and th GuardRails are on that list.
Best regards,
Neil & Sarah
You are very entertaining as well as informative! Love your videos.
Hey Janet!
Really appreciate the comment, we work hard to make them fun as well as the information. Lovely to hear that it is appreciated thank you.
Best regards,
Neil & Sarah
Loved the vlog Neal hope Sarah gets well soon 😊pensions are a interesting subject to me as I decided to retire at 53 , I think the secret is understanding what happiness is 😊a few years ago I was in Barbados spoke to some lads surfing it was a week day and I said not at work today they said why work when the surfs up ,that always stuck in my mind , I suppose what I am trying to get at is how much money is enough for some people they never have enough money because more things like bigger house better car makes them happy then there’s the surfer happiness is a good wave day and that’s free , for me I think the surfer has the right idea on happiness,looking forward to the next vlog 😎👍
Hey Martin!
Thank you so much for taking the time to drop us a comment! You are 100% correct, knowing what is enough is the secret, because once you know that, you are free to ride the surf midweek! That is inspirational, thank you!
Best regards,
Neil & Sarah
Loved this. Very exited for next week :)
Hey Adam!
Thank you so much for taking the time to drop us a comment as ever. Look forward to seeing you on Sunday!
Best regards,
Neil & Sarah
Great video Neil! These mock interviews are cracking me up! 🤣🤣🤣
Hey Stacie!
Thank you so much for taking the time to drop us a comment! Haha, I had fun making that... being silly is the most fun :-)
Best regards,
Neil & Sarah
Big thumbs up! Your fantastic. Hilarious and very informative presentation. Your an Ace at u-tubing. You might consider a career in stand-up and go back to work lol. Just think of the $$. I’m lucky that I have three pensions which covers all our expenses. We are retired (65 and 59)and are drawing down investments as quickly as possible including selling the house in the future and having a home base renting somewhere as we are not digital nomads. Having a financial plan thats updated helps significantly so we don’t worry about percentages. Spending the money and looking forward to travel ! Hope you guys get well soon. Look forward to the next video!
Hey Paul!
Thank you so much for taking the time to drop us a comment! That is a really cool comment to make, made our day! Sounds like you have a great plan and outlook on finance too!
Best regards,
Neil & Sarah
Mate, you've got a fantastic voice and delivery style. Augment your savings with some freelance voiceover work.
Hey Richard!
Thank you so much for taking the time to drop us a comment! That is really cool of you to say, really appreciate that. Voiceover, that would be fun :-)
Best regards,
Neil & Sarah
A suggestion for content. As a woman it think about personal things and their impact. How do you manage hair cuts/colour. Is it more or less expensive? How do you find stylist. What clothes have you packed and what worked/didn’t work. Would love to hear details on how you practically manage travelling and tips that make it all work. Love your videos. Look forward to them
Hey Mac!
Thank you so much for taking the time to drop us a comment! We will discuss adding this as a video episode soon, we have taken a copy of this to discuss.
Best regards,
Neil & Sarah
the 4% rule made us feel more confident that we're ready for early retirement but I agree with you, its flawed, especially this year where we're set to loose £20k for this year with our investments if we take our yearly drawdown. hence, were not withdrawing anything from our drawdown and source our living expenses from other sources. please don't stop sharing tips on how to plan your trips and how you fund it.
Hey RC!
Thank you so much for taking the time to drop us a comment! All we ever want people to do is to take responsibility for their financial position rather than assuming everything will be ok. Appreciate you getting in touch.
Best regards,
Neil & Sarah
Loved meeting all of your friends 😜. Great way to explain the 4% rule! We work with a financial advisor who has been more bullish on our % withdrawal for retirement since Social Security will positively impact our cash flow (when we qualify). We feel comfortable being more cautious than that, however- particularly in today’s market environment. Really hope Sarah is feeling much, much better!!
Hey Ashley!
Thank you so much for taking the time to drop us a comment! Absolutely and next weeks video will get into that element also, it shows that people have a lot more options and flexibility than maybe they think.
Sarah is doing much better! See you soon!
Best regards,
Neil & Sarah
Hope Sarah is back up to snuff quickly! Great job with your explanation of calculating how much one needs to retire! Didn't know the 4% rule. I used 3% when my wife and I did a similar analysis in 2012 when I retired. I will certainly check out Guyton's Guardrails! Thanks for that!! By the way, great sense of humor Neil! Have you had a chance to check out the elephants yet? Cheers! Gordon
Hey Gordon!
Thank you so much for taking the time to drop us a comment as ever. Cool to think you were doing the 3% rule before anyone really knew about this stuff, it certainly wasn't popular in 2012.
Not yet, basically we have been unwell for over a month now, we can't wait to get out there and start living again.
Best regards,
Neil & Sarah
If every college taught like this we would all be geniuses!! I haven't laughed this hard in a long time! Informative and funny!!!😄 Love it!!! Thank you!!!!
This is the exact content I am looking for. I would love another video on the 5,6 or 7% rule.
Hey Noelle!
Really appreciate the comment, I will add Guyton Guardrails onto our list of videos to make.
Best regards,
Neil & Sarah
I’m so sorry to hear that you’ve both been sick again. ☹️. Hope Sarah will be back in great shape very soon.
Thank you for another informative video. I know so little about investing. It all seems like a different language to me. I appreciate it when you discuss these matters that you make it so that even I can understand it.
Looking forward to next Saturday’s video. 😁
Hey Lorrie!
Thank you so much for taking the time to drop us a comment! Over a month we have been sick, crazy really. Sarah is starting to do better now thankfully.
Hope I can continue to help you make sense of this finance nonsense!
Best regards,
Neil & Sarah
I hope Sarah gets well quickly. Your money advice is sound and like you said your living like an adult. It is so often the case that people get a bit of extra money and buy useless crap that ends up breaking. You also have to think out of the box and look around in the area you are in that has free entertainment. This summer my husband and I along with our grandson are having a blast, we look on line or in our local papers to find festivals and carnivals that are free. Now as it comes to food you gotta eat anyway lol so eat eat at local family oriented restaurants, and when your at a carnival I suggest you try funnel cakes!! So far this summer we have been to 5 free music concerts, watched a play put on for free (or for a small donation which we did give ) went to a bunch of church carnivals including our church A rib festival which was divine I love BBQ ribs!!! Adding it all up including gas we spent around $150.00 that isn't bad for what the three of us did!! So if you happen to come back to the states. go on the cities web sight and look for things to do you will find an almost free and fun day. Which will stretch your budget!!! Happy safe traveling!!!
Hey Linda!
Really appreciate the comment, wow you are an inspiration, that is incredible. It is all about being intentional about what you do in life isn't it and you are doing great. We LOVE that!
Best regards,
Neil & Sarah
Thanks!
In Phuket right now. Just be careful on extra costs. Electricity is pretty high
Hey A G!
Thank you, we will keep an eye on it.
Best regards,
Neil & Sarah
Nicely done.
Hey Matt & Taysia!
Thank you so much. That was a bit of fun to make :-)
Best regards,
Neil & Sarah
@@2GoRoam Good information with a smile. Kinda your folks’ calling card.
Ahhh thank you!!!
I hope Sarah feels better soon!
Hey Jim!
Very kind of you to say, we really appreciate it and you taking the time to comment.
Best regards,
Neil & Sarah
I started a job in 2014 and 6 months later I was "red circled" which meant I would not see inflationary increases ever!! I worked there 8 years without one inflationary increase. So yes, this video is very relevant. Do not assume the market or your salary will increase at all annually. Plan for the worst and hope for the best. Thanks for the video.
Oh man, you were cracking me up with that Fantasy Enterprises bit. 🤣 Oh, and the four percent rule guidance was good too.
Hey Skip!
Thank you, that was a lot of fun although I know that Sarah was very confused at what was going on.
Best regards,
Neil & Sarah
One of your best videos yet
Geo-arbitrage, great idea! Hadn’t considered that. Great video, food for thought.
Each week I look forward to your videos. Great one man show Neil! I did miss seeing Sarah and I hope she feels better soon. You should do a segment on being sick without a home.
I spent my life focused on saving and was able to retire right before I turned 53 with a small gvt pension. I won't be able to access my 401K until I'm 59.5 but at 60 I'll get another pension, and these will grow and last until I die. At 70 I'll take my social security.
I started feeling the pinch of inflation this year. I won't be able to fully leverage geo arbitrage until I'm no longer responsible for my senior cat. My passion is yoga and it's great to have a side gig that I love that provides extra income.
After spending my career focused on saving, I realize I'm going to have to figure out the best way to deal with taxes because eventually I'll have to take required minimum distributions and I'll have set streams of income from three different sources (gvt pension, military pension, and social security) that will continue to grow. It's a good problem to have but I wish I didn't have to wait until almost 60 to access my 401K without a penalty.
Impressive how you can tackle such a weighty topic in a short video and explain the 4% rule in less than 60 seconds. I loved your characters in your skits. Bravo!
Hey Kimbere;y!
Thank you so much for taking the time to drop us a comment as ever.
Sarah is starting to feel much better which is great.
Yes the cat, can understand he/she is your top priority at the moment. Tax is a challenge and one we are working our way through at the moemnt.
Really over the moon that you enjoyed this video, it was actually a lot of fun to make.
Best regards,
Neil & Sarah
@@2GoRoam I appreciate you sharing your talent and knowledge with your subs.
Kimberely - you are absolutely lovely, you know that?
hahahahaha! Well done Neil! Hope you are feeling better soon Sarah!
Hey Annette!
Really appreciate the comment as ever. We have both struggled so much with sickness for the last month. I am now struggling with a parasite infection! Fun times.
All the best to you and John.
Best regards,
Neil & Sarah
“You are the CEO of your life.” Yup, the inflation addition to my FI calculations always bothered me because I knew I would geoarbitraging. A video on Guyton Guardrail sounds interesting. Until then I’ll check out the link. I love new perspectives on FI.
Hey SD!
Thank you so much for taking the time to drop us a comment! Adding the Guardrails to my list of videos for us to make.
Best regards,
Neil & Sarah
What a great video, you guys are switched on and fun too, love it. Personally I have taken a different view on planning for retirement. I have worked out what I would like to spend each year on travel £xk and also what I want to achieve as liquid income minus expenses. So I am driving my expenses down as far as I can and then working out what I need each month to give me that liquid income minus expenses. Increase expenses with inflation for each year, and increase pot of money inline with inflation. When I do that I can achieve a comfortable income for us both as I map it out to 90 years old with the pot of cash I have and with state pensions mapped in too. It blows the 4% out of the water for me as it's based on what we believe will be a comfortable liquid income for us. So for example, with bills paid, what would be a good liquid income for you?... £100 per week, £200, £300 ? everyone will be different... BTW, hope Sarah recovers soon, my best wishes.
Hey Dean!
Thank you so much for taking the time to drop us a comment! Really interesting comment too. Really like the thinking around the liquid money... that has got my mind ticking over, very interesting indeed!
If we ever make a video called "Fixed costs + Liquid - this is how to live life well" I'll be sure to name check you :-)
Best regards,
Neil & Sarah
@@2GoRoam Thank you, I have a template Google sheet / tool I have created, let me know if you would like me to share it with you so you can see my thinking.
Nice one Dean. Maybe we should have a video chat sometime, a lot to discuss!
@@2GoRoam Sounds great, let me know how you would prefer to do that. Google Meet is good for me, but your call :) Thanks
Very interesting and informative content Yes the 4%rule has had its day based on my experience
As I've looked at it and luckily not had to use it !!!The rule doesn't seem to have any "wiggle room "in the even of a market "adjustment "well let's use no financial speak FALL !!
AS I see it if you keep pulling 4% from a vastly diminished pot your initial projected draw down period will have to be drastically reduced or the 4%rule may have to have become the 2%rule or zero rule ! Those options in the greatest number of cases are totally impracticable.
New subscriber and find your output to be of great help and a good laugh 😊😊😊
A few cameo rolls for you in this vlog Neil ha ha ha. We could hear how you are still struggling to get your breath, so do rest up and get 100% well again. As for your advice, on point, as always, thank you.
Hey Shaz & Daz!
Thank you so much for taking the time to drop us a comment as ever.
Resting is over we are now getting out there living. Brilliant to catch up with you both this week!
Best regards,
Neil & Sarah
@@2GoRoam thanks guys. Glad you are back out having fun. We are still buzzing from the chat. It was great. We'll do it again if we survive Birmingham in October. 🤣🤣
Great content. Good explanation and really helped.
Hey Mac!
Thanks for getting in touch, that is fantastic to hear. Really useful feedback thank you.
Best regards,
Neil & Sarah
Sarah and Neil...you might want to explore Philippines...we fully recommend it...our monthly budget whilst there is $3,000 and its brilliant x
But not terribly safe
@@AG-so4gl have you been to the Philippines recently? And whereabouts
Philippines is on our list!
@@2GoRoam it’s a beautiful and absolutely friendly place. However, food is not as good as Thai food. Take that as a warning hahaha
Blimey we love Thai food.... Nothing can beat it anywhere I think :-)
Great informative video Neil, thank you. Hope Sarah is starting to feel better. We recently had Covid ourselves, so understand how it can knock you for six!
Would love to see and hear more about the destinations your visiting, eg Chiang Mai. You’ve been there over 2 months now haven’t t you? Do you plan on doing say a Thailand or Chiang Mai round up video, ie how you see it as an early retirement place to live?
All the best 🍹
Hey Ian!
Really appreciate the comment, hope you are on the mend. Yes we will be showing a load more about Chiang Mai while we are here but we have been stuck in our apartment for over a month now. You'll be seeing lots of what Northern Thailand has to over once we get out there properly.
It is a great place to live based on the limited amount we have seen so far.
Best regards,
Neil & Sarah
@@2GoRoam thanks guys. Are you planning to go south to Krabi and the islands too? Take care 🍹
Hi Ian, we are going to Krabi, Phuket and Phi Phi in a few weeks. We will go to the other side soon too.
Best regards,
Neil & Sarah
I'm basing my retirement needs based off what I'm spending now which is $5k (US) a month. But that's in a fairly expensive area. The geo(whatever you call it) is our plan though so we should do well. That's the way to go in my opinion
Hi both. Hope Sarah is feeling better soon! Really great advice as always. I'm wondering if Doris and Mavis are similar to people you have worked with in the past🤣🤣. Looking forward to your video next week. Take care both.xx
Hey Ange!
Thank you so much for taking the time to drop us a comment as ever. You asking me to name names??? Hope you are well!!!
Best regards,
Neil & Sarah
I read the 'guardrails' article. I find it is more simply stated: reduce your withdrawal rate below 4% if the value of your portfolio drops i.e. falls behind inflation. Be vigilant for the first 10 years and track it, year in, year out. It seems to me this is a function of asset returns against inflation. What if a person's portfolio grows faster than inflation+4% ? What if an individual has $2m and only needs income of $75k? Thanks.
Hey Kevin!
Thank you so much for taking the time to drop us a comment!
The key to it all is to remember that we are not robots and that is what a rule of thumb like the 4% rule assumes. As you grow older then you flex your plan through studying and maintaining strong budget forecasts. Sounds like you are thinking absolutely in the right way on this. Think you will find the video coming out the Saturday pretty interesting too.
Best regards,
Neil & Sarah
Easier math amount you want to spend divide by 0.04 (4%). Thank you for pointing out lock step taking out a set amount regardless of circumstances is not wise.
Hey Gall!
Thank you so much for taking the time to drop us a comment! Not so straight forward to explain on video but you are right when in a spreadsheet 👍
Best regards,
Neil & Sarah
Love you guys … just wondering and just want to know how much y’all have been able to make via TH-cam and how that’s helping with your ongoing income?
Superb video
Thank you so much 😀
Fun video!
Hey Erin!
Thank you, weird doing it just me but hopefully people will find it helpful.
Best wishes
Neil & Sarah
Overall, an informative & entertaining video. I prefer the Guyton method, or at least a variation of it that I use. The biggest problemI have with the 4% rule isn’t really addressed here. What isn’t taken into account is that generally, people don’t need the same amount of money at different stages of their lives. Simply put, a 65 year old spends more than a 75 year old, who spends more than an 85 year old, who spends more than a 95 year old. Many financial planners fail to account for this in their advice, yet it’s been proven. People need to adjust their spending plans each year due to market gains or decreases, inflation, other changes in income, and their age. I have no problem using the 4% rule as a guideline, but that’s all it is.
Hey Mark!
Thank you so much for taking the time to drop us a comment! This is a great comment to, you will like what I am talking about on next weeks video, as mentioned on this video I will be building on these concepts and next week, is exactly this. Hope you enjoy it, comment next week ok?
Best regards,
Neil & Sarah
I am curious how you find proper health care?
Thanks for the video. Just wondering with your working time in Corporates. Did you both amass many years of service and qualify for DB pensions, so these are waiting for you on your return?
We are UK expats living in USA (when not traveling) .we retired at 55 and getting ready to move more as Covid becomes a non issue but in your budget vid i watched i didn't see the airfare added or was it so low it was in the travel part?
Probably should have put this in the other vids comments but i thought i would give you something to read as you've got the lurgy :)
Hey EarthRoamers!
Really appreciate the comment, yes the costs include all travel, flights and insurance. Nothing was left out on that video.
Nice to hear from some other UK nomads :-)
Best regards,
Neil & Sarah
@@2GoRoam Thanks guys, We are thinking air travel is next as we have done sailboat and currently 3 years in the truck so i will keep watching and learn. thanks for the reply :)
Sara always looks so beautiful. How does she do it travelling? It’s hard for us girls to trim down toiletries and makeup, worry about hair etc. how does she cope to always looks so lovely.
Sara has a Natural beauty 👍
Hey Mac & King D!
Thank you so much for taking the time to drop us a comment! Sarah was very happy when I read this to her. She mainly looks for products that are as natural as possible.
Best regards,
Neil & Sarah
very interested in this info
My question is how can I exactly know when I can retire?
Hi guys! It’s taking me a long time to make this,, so hopefully Sara is right as rain by now!👍
Here are my issues with the 4% rule and your examples:
- annual living expenses are one thing, but often people get into their 80s or 90s and then need substantially more money than that because of long-term care needs. That’s my paranoia!
- your annual allowances in your examples seem very low! I’m thinking viewers of your channel like me, plan to do foreign travel and have some fun. I don’t see how on earth I would do that on $25 to 30K a year! 😳
- I think we should all assume we will live until we are 95. If we die sooner than that, our beneficiaries get some money 😉
Those are my thoughts!
Thanks for another excellent video! I love talking about retirement planning 💕
Cheers! Dara
P.S. We are different than you because Ian and I live in the US part of the year and the UK part of the year. 🇺🇸🇬🇧
It is very interesting how much our living expenses and our lifestyle differs in those two parts of the year! 😉
For us, it’s a good practice for retirement! At this point, we are only semi retired. Which means we are fully retired until work comes our way 😂
Yes, also I imagine expenditure will be higher in the first decade of retirement, after that I imagine just getting upstairs will be a problem
I traveled to Mexico years ago and when I ate/drank from street vendor I got really sick. Was that ever a problem for you?
My dad told me @16 start @ 2% 18 @6% now I’m 25 i’m @20 so hopefully by the time I stop working well who know!
Diversify your investments, don't touch it and it sounds you are way ahead of most people. Enjoy early retirement if that's what you want to do.
Hey Emma!
Thanks for getting in touch, you just have to keep on going. There will be tough years, but keep focused and you will be good.
Best regards,
Neil & Sarah
Taxes factored in?
My retirement plan did away with the 4% rule and replaced it with the 0% rule. It worked great for me. I have been retired for 22 years and all my IRA's and investments remain untouched.
Finance experts in Germany say that you should calculate with 3% withdrawal per year. 4 % is too high as we are getting older.
No one ever says how they down down the 4 percent. Sell stocks? Rebalancing to income...I'm going towards income because I think if I sell 4 percent of my stock I'll run out.
Hi Neil please send my best wishes to Sarah.Hope she gets well soon.
Hey Joseph!
Thank you, I have and she was over the the moon to hear from you.
Best regards,
Neil & Sarah
I don’t know who I am 🤦🏻♀️ I retired and have not even draw my pension 🙄everything financial gives me 😖 do not understand it and never have like it 🤯😢
Hey Oralia!
Really appreciate the comment, is there anything you would like us to cover in a video that could help? That would be great inspiration for us.
Best regards,
Neil & Sarah
Hope you recover soon Sarah.
hehe. getting funny with your contents. i love it haha
Hey Lance!
Thanks for getting in touch, we like to have fun when we can in our videos!
Best regards,
Neil & Sarah
It's a known fact that the burn rate on savings will slow down after age 70-75. We all get less active
Hey A G!
Thank you so much for taking the time to drop us a comment! Something tells me, you will REALLY like next weeks video :-) I cover exactly this element.
Best regards,
Neil & Sarah
and what happens if the markets drop 30+%.... gotta make that clear to people.... investments don't always go up. People need to be prepared to pay themselves LESS each year, despite higher prices.. if necessary!
In the vein of Alfred P. DOOLITTLE, Neil, you have absolutely ruined me! I discovered your videos a few days ago, and this one just two days ago. I have been pouring over my numbers and running multiple scenarios. I promised my wife I would wait to 59.5, (we are the same age, you and I) but now I can’t concentrate at work because using Guyton’s guardrails I should be more than able to retire. My co-workers are cross with you as well, not wanting me to leave, but it is all I can think about. And now you have let the cat out of the bag, opened your Pandora’s box. Think of all the havoc you are causing. Seriously though, if you ever find yourself in Mayberry, home of Andy Griffith, give me a shout, beers are on me, APPARENTLY I can afford it!
5:27 man disappears
5:40 man re-appears
Hey David!
And you know.... that man decided, out of all the seats to choose, to sit right next to me and was getting very annoyed at me talking to a camera even though I apologised and offered to move. Well that's life eh.
Best regards,
Neil & Sarah
Neal, given that you recently had Covid, I don’t think your lungs really wanted you to do that interview sequence with all of the running back-and-forth to either side of the table!
😳 - Dara
Hope you can find balance between enjoying your life and youtube
4% rule works if you begin your retirement after the age of 70 AND you don’t plan to withdraw more than 4% no matter what the inflation will be
Or you have the IRS come along and forces you to make minimum withdrawals from your 401(k) or get a tax penalty! Because Big Government Knows Best!
Hey Billie!
Thank you so much for taking the time to drop us a comment! Working out a good tax strategy is also critical to a good retirement plan, I agree.
Best regards,
Neil & Sarah
My accountant said the current FU number for a single person is $2M due to skyrocketing inflation.
Hey John!
Thank you so much for taking the time to drop us a comment! There are a lot of factors other than inflation that impact what the FI number will be, looking at your own costs is the first step.
Best regards,
Neil & Sarah
It doesn't work. We will only pull funds down when things are up and there will be years where investments are up 15, 20, 30+ % Far exceeding any loses in a couple bad years. So have years of cash to ride out downturns and then pull some gains in major up years to back fill that cash bucket. Yes, whaaaaaaa. you may pay a little more in taxes, it isn't going to make a difference. Stress testing that plan for us has proven that in NO time from 1929 to 2021 would we have run out of money but instead would have more money than we know what to do with in the end. Some years we would be pulling 10 to 15% down, other years none, still other years 5%, whatever works to keep that buffer for bad times.
I'd love that drink - so cheap! $825k not hundreds! It's flawed cos we don't know when the end is near...just live for the now! Geo arbitrage and Int'l housesitting. I'm building a 10% savings from my retirement income so that it creates automatic future-proofing against future years' inflationary costs. Simply reduce your COL and create a line item of 10%.
The 4 % rule is not flawed ! You just need lots of money to get 4 % from your investment !
Hey Cing!
Thank you so much for taking the time to drop us a comment! Well if you had $100 Million and continued to take 4% with Inflation increases you absolutely can be out of cash after 30 years. So indeed... it can be flawed if you don't take real control of your own plan.
Best regards,
Neil & Sarah
😂 Fantasy Enterprises
😏
Hey Drew!
Thank you, well said.
Best regards,
Neil & Sarah
How do you figure you can count on 4% these days for anything?
You have zero guarantees. Take back our country or suffer the consequences. Where am I wrong?
Hey SHolland!
People need to take a lot more personal responsibility for sure.
Best regards,
Neil & Sarah
Secret cross dresser maybe? Just wondering. x
Hey Linda!
Thanks for getting in touch, BRILLIANT! Love that!
Best regards,
Neil & Sarah
That Doris looks lovely, I don’t suppose you have her number do you Neal? ( asking for a friend).
Hey Dave!
Thank you so much for taking the time to drop us a comment! Sadly she isn't interested in meeting others at the moment, she spends most of her time completing retirement 4% calculations and that is taking all her time sadly.
Best regards,
Neil & Sarah