This is a very informative video, although I'm still confused and worried about retirement planning. I want to ensure a comfortable future. I've worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I'm really concerned about whether I've saved enough and invested wisely.
That's completely understandable. Ensuring financial security in retirement is crucial for navigating the stock market. Have you considered working with a financial advisor?
That's true. For someone with your concerns, a CFP is very necessary to help you get to where you want to be financially. You should definitely work with one.
I've been advised to do for a while now and I'm looking for one who understands what I want and can work with me to that accord. Any recommendation please?
Close to entering the second level of wealth according to the book Richistan, which is a great read. Thanks, Ari! Happy Holidays to you good, sir and to your family!!
Worth $10 million in stocks. I did a $6 million Roth conversion of my 401 k, did it all at once. I’m just living off my pension, I don’t need anymore. Been gifting to the kids, help with down on house, but still it will keep growing, im only 60 years old. All the stocks are in nvidia and apple. Hopefully will keep growing.
New subscriber and I am sharing my story. My age is 55 and I have zero debt, 110k in the bank, 35k NVDA shares, 401k $270k, IRA 145K and 2 houses in Bay Area with zero mortgages. Just got a Mercedes SUV as my 3rd car. I started saving after marriage only after marriage but will all this be enough 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.
Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$3.3m Less than 3 years until retirement.... I have about 400k in cash. My portfolio has yielded far more than I expected for my retirement. Kudos to my advisor.
@@TungsClementes Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *MONICA AYAKO VOS* for about five years now, and her performance has been consistently impressive.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
@@LucaMurgia-j7b The issue is people have the "I want to do it myself mentality" but are not equipped enough for a crash and, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
@@CharliesMcCormicks How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@JacobReynolds-t7v MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
It all depends on what you consider a nice trip. We took a 2 week trip to Hawaii this Summer with our two teenagers, visited 3 of the main islands, and had what we considered a nice trip for $20K. We did guided activities most days, ate out essentially every meal, and stayed in condos near the beach on all islands. Staying in a high-end resort hotel would have cost significantly more. I seriously doubt I would want to take a 2 week trip with only 2 people and spend $25K. I would consider $25K to be two nice trips for 2 people for 2 weeks each.
Jeez, we spent 31 days in France (including Paris, Chamonix, Provence, Biarritz, Champagne, Normandy, Alsace, etc) all in nice but moderate hotels, even a few nights in a castle, ate well, drank lots of wine, did all the activities we wanted and spent something like $6,000 for two.
Delphine, I wanted to let you know (as I believe you left a previous comment) that I am limiting the clients I’m working with now and feel free to shoot me a note if you have any questions about this. You can schedule a time to chat here: vwo3759x8i7.typeform.com/earlyretirement?typeform-source=www.youtube.com&fbclid=PAAab3cP-YsQqQuHcN6-fdetVd3wa_vVJ8nsR-LY4-jZiRguh__Uu0OEcdwXU_aem_AbO4sNUcVLk8NkaFpf_gMf3gcrZp7BbLXrB60iKwFhgSEtf6kuS1dmNskg4zFwZkxus
Thanks Ari for the video! I scheduled an appointment with you for the end of the month. I was just afraid to make this appt with you too early in my process.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Convince me I’m wrong. 1)This couple should retire when they want to. 2) They should live off of the $2.5MM of tIRA money smoothing the effective tax rate over years. The RMDs will be of no consequence therefore they have no need to do Roth conversions. Importantly the $5.5MM can grow tax freeish (assuming it is invested in tax efficient vehicles eg efts). In this unique situation they have no reason to pay additional taxes. The 5.5 grows to 43MM (7%). This 43million dollars are passed to heirs at a stepped up basis….. Remember they will get SS to supplement income. They also have a very moderate lifestyle. And lastly they have Roths already to plug income shortfalls or make large purchases. I think this is exactly the type of situation where conversions are a bad idea.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.,,
This is a very informative video, although I'm still confused and worried about retirement planning. I want to ensure a comfortable future. I've worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I'm really concerned about whether I've saved enough and invested wisely.
@@earlyretirementari I thought you were offering to share something, not sell something. I understand business but you made it sound like you were offering something for free, not selling something. I may still do it but it would be helpful for ppl to understand when you are offering to help VS when you are trying to sell for a profit.
22:27 only true if you have no other income, correct? If I do a 150k Roth conversion, I’m in the 15% LTCG bracket, no? $89,250 isn’t just CG, it’s all income, correct? So how do I balance Roth conversions and tax gain harvesting in the years between retirement and RMD (in my case, I can fill the 24/28% bracket every year and still be at 33/35 for RMDs)? Maybe for a future topic. Additional complication - my kids get the LTCG stepped up, so no taxes, but they pay taxes, potentially at a higher bracket, withdrawing my un-converted remaining IRAs over 10 years.
@@MichaelBoeltonI understand your point.....but it is still a single asset. I'd also point out that SCHD has underperformed the market. You shld be diversified across a broad spectrum of assets classes.
It’s another expense like any other. You have to determine if it makes sense through all the value we add. Clients paying $40,000/year would only work with us if they knew they’d receive value in excess of that.
@@biskit7 Rich is when you can buy something without thinking about it. 6M invested before tax provides 200K per annum before taxes. I’m only 45 and it needs to last me another 40 years approx.
@@carlyndolphin I was in the same boat as you back in 2017. Let your money double one more time and you will be ready to retire. Withdrawal rate of 2% and the money will keep growing.
I would rather leave 1 billion to my daughter. Then after I died they could hang a big Henry VIII type oil painting on the wall with a label "OG of the next Medici family".
That's a great rundown. Nice video. You got a new subscriber.
Welcome aboard!
This is a very informative video, although I'm still confused and worried about retirement planning. I want to ensure a comfortable future. I've worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I'm really concerned about whether I've saved enough and invested wisely.
That's completely understandable. Ensuring financial security in retirement is crucial for navigating the stock market. Have you considered working with a financial advisor?
That's true. For someone with your concerns, a CFP is very necessary to help you get to where you want to be financially. You should definitely work with one.
I've been advised to do for a while now and I'm looking for one who understands what I want and can work with me to that accord. Any recommendation please?
JOSEPH NICK CAHILL
He is my CFP and I recommend him to you because I've been where you are and understand your need for an open ear and also because of his expertise
Close to entering the second level of wealth according to the book Richistan, which is a great read. Thanks, Ari! Happy Holidays to you good, sir and to your family!!
Great book and happy holidays to you David!
Great video, keep up the good work. New subscriber.
@@kevinmogan8056 thank you!
Worth $10 million in stocks. I did a $6 million Roth conversion of my 401 k, did it all at once. I’m just living off my pension, I don’t need anymore. Been gifting to the kids, help with down on house, but still it will keep growing, im only 60 years old.
All the stocks are in nvidia and apple. Hopefully will keep growing.
New subscriber and I am sharing my story. My age is 55 and I have zero debt, 110k in the bank, 35k NVDA shares, 401k $270k, IRA 145K and 2 houses in Bay Area with zero mortgages. Just got a Mercedes SUV as my 3rd car. I started saving after marriage only after marriage but will all this be enough 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.
Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$3.3m Less than 3 years until retirement.... I have about 400k in cash. My portfolio has yielded far more than I expected for my retirement. Kudos to my advisor.
@@TungsClementes
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *MONICA AYAKO VOS* for about five years now, and her performance has been consistently impressive.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
@@LucaMurgia-j7b The issue is people have the "I want to do it myself mentality" but are not equipped enough for a crash and, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
@@CharliesMcCormicks How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@JacobReynolds-t7v MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
@@CharliesMcCormicks Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
I just don't understand how someone with this much dough is only going to spend 10k/month
$25k for travel? That is only one nice 2 week trip. We take one per quarter. YOLO.
It all depends on what you consider a nice trip. We took a 2 week trip to Hawaii this Summer with our two teenagers, visited 3 of the main islands, and had what we considered a nice trip for $20K. We did guided activities most days, ate out essentially every meal, and stayed in condos near the beach on all islands. Staying in a high-end resort hotel would have cost significantly more. I seriously doubt I would want to take a 2 week trip with only 2 people and spend $25K. I would consider $25K to be two nice trips for 2 people for 2 weeks each.
Jeez, we spent 31 days in France (including Paris, Chamonix, Provence, Biarritz, Champagne, Normandy, Alsace, etc) all in nice but moderate hotels, even a few nights in a castle, ate well, drank lots of wine, did all the activities we wanted and spent something like $6,000 for two.
@@Cooper1That’s pretty cheap. Not sure where you live but have to believe that number excludes airfare?
Please do a 5M total (4M Brokerage + 1M Trad IRA) for a divorced single. TY!
You got it! Added to my list.
Delphine, I wanted to let you know (as I believe you left a previous comment) that I am limiting the clients I’m working with now and feel free to shoot me a note if you have any questions about this. You can schedule a time to chat here: vwo3759x8i7.typeform.com/earlyretirement?typeform-source=www.youtube.com&fbclid=PAAab3cP-YsQqQuHcN6-fdetVd3wa_vVJ8nsR-LY4-jZiRguh__Uu0OEcdwXU_aem_AbO4sNUcVLk8NkaFpf_gMf3gcrZp7BbLXrB60iKwFhgSEtf6kuS1dmNskg4zFwZkxus
Thanks Ari for the video! I scheduled an appointment with you for the end of the month. I was just afraid to make this appt with you too early in my process.
@@delphineowen1921 I completely understand and thank you for letting me know.
This was very informative, thanks. Looking forward to watching your other content.
Happy to help
10+ million?
Things to avoid:
1. Being stupid
2. Saying you have 10+ million
END OF VIDEO.
I had no idea that Jack from “Two and a half men” was now a financial adviser!
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Please can you leave the info of your investment advisor here? I’m in dire need for one
Celia Kathleen Martel is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Convince me I’m wrong. 1)This couple should retire when they want to. 2) They should live off of the $2.5MM of tIRA money smoothing the effective tax rate over years. The RMDs will be of no consequence therefore they have no need to do Roth conversions. Importantly the $5.5MM can grow tax freeish (assuming it is invested in tax efficient vehicles eg efts). In this unique situation they have no reason to pay additional taxes. The 5.5 grows to 43MM (7%). This 43million dollars are passed to heirs at a stepped up basis…..
Remember they will get SS to supplement income. They also have a very moderate lifestyle. And lastly they have Roths already to plug income shortfalls or make large purchases.
I think this is exactly the type of situation where conversions are a bad idea.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.,,
@@IfranReinfeld Oh please I’d love that. Thanks!
Lookup with her name on the webpage.
@@IfranReinfeld Great , i will do that now . Thanks for sharing
This is a very informative video, although I'm still confused and worried about retirement planning. I want to ensure a comfortable future. I've worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I'm really concerned about whether I've saved enough and invested wisely.
Ari, How can I obtain a copy of your Important Numbers Sheet?
@@GTB1 in the academy ari-taublieb.mykajabi.com/early-retirement-academy
@@earlyretirementari I thought you were offering to share something, not sell something. I understand business but you made it sound like you were offering something for free, not selling something. I may still do it but it would be helpful for ppl to understand when you are offering to help VS when you are trying to sell for a profit.
22:27 only true if you have no other income, correct? If I do a 150k Roth conversion, I’m in the 15% LTCG bracket, no? $89,250 isn’t just CG, it’s all income, correct? So how do I balance Roth conversions and tax gain harvesting in the years between retirement and RMD (in my case, I can fill the 24/28% bracket every year and still be at 33/35 for RMDs)? Maybe for a future topic. Additional complication - my kids get the LTCG stepped up, so no taxes, but they pay taxes, potentially at a higher bracket, withdrawing my un-converted remaining IRAs over 10 years.
This will help: th-cam.com/video/P4R62A6UX-I/w-d-xo.html
Hi Ari. Please, could you help us plan our retirement ?
Start here: vwo3759x8i7.typeform.com/earlyretirement?typeform-source=www.youtube.com&fbclid=PAAaadDdgR95kTWqI1pE9g4odY5o0GWDZttiO_6HU88tWoj885Z0Ca773bGpE_aem_AbEl9VHSDiVPLxkBWIsWv0NvKLCgB9q5L7E_V4kvVFVBpAdk7g9TZ8jfJPLJ9Ee40Nk
place all of it in SCHD and live off the dividends which would be around $380k/yr and you'll never touch the principle.
NEVER put all your money in one asset. That is a foolish move and you will not sleep well and if things go poorly, you may be sleeping on the street!
@@GTB1 by definition schd is not a single asset. it's literally made of over 100 different companies across multiple industries.
@@MichaelBoeltonI understand your point.....but it is still a single asset. I'd also point out that SCHD has underperformed the market. You shld be diversified across a broad spectrum of assets classes.
I'm interested in a copy of your Important Numbers sheet for 2025.
That tax sheet could be helpful, does it do the calculations? Does it add the extra 3.8% when the capital gain in a given year exceeds $250,000?
Net investment income tax!
@@earlyretirementari Yes, the NIIT
When calculating annual expenses, where do you factor in Root Financial's planning fees?
It’s another expense like any other.
You have to determine if it makes sense through all the value we add.
Clients paying $40,000/year would only work with us if they knew they’d receive value in excess of that.
Great video. Are you flat fee or percentage of portfolio?
9 million in equity... no problem, they can get a mortgage for 7,200,000, then invest it and live off the growth. :)
Can you do one for house rich and cash poor 10+1 M
I wish I could do a Roth.
Roth 401k, Backdoor Roth, Roth Conversion?
Came here because of root finance.
These are the problems you want to have. 👍🏻
Well said!
My current net worth is $6 million. I don’t feel wealthy. My car is 10 years old
at 6mil net worth, you are richer than 99% of all the people in the USA... sorry but you're rich :)
@@biskit7 Rich is when you can buy something without thinking about it. 6M invested before tax provides 200K per annum before taxes. I’m only 45 and it needs to last me another 40 years approx.
@@carlyndolphin I was in the same boat as you back in 2017. Let your money double one more time and you will be ready to retire. Withdrawal rate of 2% and the money will keep growing.
I would rather leave 1 billion to my daughter. Then after I died they could hang a big Henry VIII type oil painting on the wall with a label "OG of the next Medici family".
I have $50M. Can I retire? 😉
No children? Who cares then. It doesn’t matter
God you ramble! 8 minutes in and what the hell is your point!
😮😮9