Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
James, this has to be one of my favorite videos from you and also most helpful. I've been doing my best to understand how to create a retirement plan, but it is daunting. I can run all sorts of scenarios and stress test the plan to failure, but I don't know what I'm learning. I understand a lot but I know nothing. This list, and especially the list on Tax Planning helps put a lot of things in perspective. Now I have a better understanding of the different facets of what I need to do and gives me a roadmap to try to reconcile them. Thank you very much.
I plan to retire at 60. In considering umbrella insurance, IMHO, it’s not just a number to cover liability but also plaintiff’s attorney fees. I have enough in umbrella to make it more attractive for plaintiff and their attorney to take the insurance money instead of suing me in court. It’s so sad that it’s come to this. But I didn’t toil this long and hard for my assets to be taken away by a slip and fall, etc.
Good tips. I’m glad you included the 5th one because if you don’t have a plan or a purpose in retirement you’re not going to be happy. Especially if you’re a Type A type of person.
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Judith Layton focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
I struggle. I'm 60 with 1.8M in my 401K, $450K in cash, $800K in equity in commercial property and another $700K in home equity. I'm currently still working with an annua income of $285,000 + $75,000 in bonus. Can I ride off into the sunset? p.s., I have no debt.
He *seems wise because he knows what he’s talking about and gives excellent advice. What does that have to do with the business climate in the state where he lives and what does it make you wonder?
James is wise beyond his years!!
Well, educated on retirement and read up. 😊
You are a nice young man. Don't let anyone dim your sparkle
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
James, this has to be one of my favorite videos from you and also most helpful. I've been doing my best to understand how to create a retirement plan, but it is daunting. I can run all sorts of scenarios and stress test the plan to failure, but I don't know what I'm learning. I understand a lot but I know nothing. This list, and especially the list on Tax Planning helps put a lot of things in perspective. Now I have a better understanding of the different facets of what I need to do and gives me a roadmap to try to reconcile them. Thank you very much.
I have no idea how to set a life plan - that's the hardest part!
I plan to retire at 60. In considering umbrella insurance, IMHO, it’s not just a number to cover liability but also plaintiff’s attorney fees. I have enough in umbrella to make it more attractive for plaintiff and their attorney to take the insurance money instead of suing me in court. It’s so sad that it’s come to this. But I didn’t toil this long and hard for my assets to be taken away by a slip and fall, etc.
Ditto
This guy gives some good advice honestly.
Thanks James for another very informative video!
Good tips. I’m glad you included the 5th one because if you don’t have a plan or a purpose in retirement you’re not going to be happy. Especially if you’re a Type A type of person.
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Chill, stay the course. This is what the market does...goes up and down.
Are you being sarcastic, boomers have benefited the most in the current economy/market
Excellent video. Thank you, James.
Glad you enjoyed it!
Thank you, great content!
Fantastic, insightful video. Thank you for sharing.
I WANT TO DO NOTHING IN RETIREMENT 😊
And it was everything I thought it could be 😂
Always great. I need to work on #3.
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, Judith Layton focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
James,
Great video
Keep up your work!
Thank you for this great summary.
Outstanding video! One of your best. Thank you!
I struggle. I'm 60 with 1.8M in my 401K, $450K in cash, $800K in equity in commercial property and another $700K in home equity. I'm currently still working with an annua income of $285,000 + $75,000 in bonus. Can I ride off into the sunset? p.s., I have no debt.
Keep earning till you can. If its exciting why force retirement?
I say, YES! Go enjoy yourself! 😊
Good concise overview James! I'm about to squeeze the juice......
Some of the calculations are for retiring in 60s, what might I use for early retirement at 57?
It's all grand. Then you get divorced.
I guess I'm the poor guy in the room 😢
$8000 dollars a month!
That's a pittance in today's high inflation and high cost of living environment
First!!
James seams wise, but he’s located in one of the most business unfriendly states in the union. Makes you wonder
He *seems wise because he knows what he’s talking about and gives excellent advice. What does that have to do with the business climate in the state where he lives and what does it make you wonder?
Wonder what exactly?
The answer is simple, you're wrong. Stop listening to Fox News and voting FOR A FELON.
Who are you to tell others their goals and what the right way to live is?