Over 50? How Much Time Do You REALLY Have Left
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- เผยแพร่เมื่อ 17 ต.ค. 2024
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3) Please note that some people call themselves "fee-based". This is NOT the same as fee-only. Fee-only advisers have committed to being fiduciary to you 100% of the time.
4) Personally, I would only hire an adviser who is a fiduciary to me 100% of the time. This is not a suggestion on what you should do. Just sharing my personal preference.
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🚨 Azul's VIDEOS ARE NOT FINANCIAL ADVICE (Disclaimer) 🚨
This information is only provided as an informational resource and should not be viewed as investment advice or recommendations. To get professional financial advice from a fee-only financial advisor near you, please visit www.napfa.org.
The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family.
This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors.
This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.
Spoiler Alert: There are no "get rich" programs. Rather, just basic blocking & tackling and putting in time and care. Do your homework, choose wisely and (IMHO) work with experienced professionals who are fiduciary to you 100% of the time.
*141A{Need}[NE] Over 50 How Much Time Do You REALLY Have Left
I retired in May of 2022 at 62 1/2 years old in good health, and 7 months later they found I had kidney cancer. I was blessed, as they were able to get it all by removing my kidney, but nothing makes you appreciate life like facing your own mortality. I am so glad I retired when I did, and I haven't looked back. Time and life are precious, retire as soon as you can.
Amen to that. Fellow cancer survivor also. 55 y/o, ready to call it in.
The timeless tale of the guy who finally retires then drops dead shortly thereafter is the fate I had no intention of realizing. Retiring at 57 was one of my best decisions ever.
So in my case this video was “preaching to the choir”. I hope the message reaches as many as possible.
1000% Agree with you. I parted ways with my former employer last year @ 55 yo... Not in a hurry to go back to work. Actually preparing for an early retirement. I love the idea of enjoying the YOUNG years of my old age. Still can move around and do what I need.
Most would say 55 is an early retirement. I wouldn’t. By your 60s u won’t want to travel and u are winding down
@@Philippinesbound42 My thinking exactly. The system pushes everyone to work to death for that mythical $1 Million... But most won't enjoy it... Not even half.
Use to work for Jamie, he has been there over 20 years. Money doesn’t motivate those guys, it’s got to be the game and the power or something. He has more than his family could spend in multiple generations
I think that You are an incredible fellow! Thank You for sharing this great insight! So true! all we have is today!
*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*
Waking up every 14th of each month to $30,000 it's a blessing to I and my family... Big gratitude to Jeff Clark 🙌
Great video, thanks Azul! I have seen about 30 of your videos and love the theme of enjoying the youth of your senior years. I hope to retire between 55-60. I have health issues so I'm most concerned about finding affordable health insurance that will cover my needs after I leave my job.
Thanks!
Wow! Thanks Daryl. 🙏 Azul
A financial coach helps plan for the freedom of retirement, who helps us plan for the right timing to retire emotionally? Who helps us look inside to say enough is enough? Azul thank you for centering me and helping me to think of optimizing my life.
I’ve worked with people who can’t wait for it all be over.
You can expect to live to 80 to 85 if you have reached your 60th birthday. This is based on reasonable health (no current fatal diseases). Right out of the insurance longevity tables. Your lifespan has relatively nothing to do with your parents lifespan. Best to plan for 85.
My financial planner aleays motivated me by saying "Okay John, lets fund that 401 K so you're not living in an alley eating catfood when you are 85!". I could have retired at 59, but I still liked my job. Im 63 now, and I will be hanging it up in 6 months. Been a great run.
The old lion had become situationally aware only 50% of the time by 80 & even then wasn't aware of much when he was on, but lions are going to have to drain most of their savings to buy a house before retiring. Most living beings are lucky to be viable for 10 years after retiring.
lol, never thought I make it past 50 and I am 61 now! Retired 26 months ago and living very comfortably!!!!!
I am at the beginning of my "investment journey", planning to put $85,000 into dividend stocks so that I will be making up to 30% per year in dividend returns.
Any advice?
The issue is people have the "I want to do it myself mentality" but are not equipped enough for a crash, hence getting 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. Thanks to Caroline Suzan Olson, she has been the one managing my portfolio.
We've been planning early retirement since our early 20's. Save, invested, kept a modest lifestyle. Now in our late 40's and I know I'm ready for the next phase of life and the numbers back it up.
Wife wants to wait til our two kids are done with college.
I feel like I am simply waiting on the sideline waiting for the clock to run down...but it's still very early in the 2nd half....sigh
I'm in the same boat. I could retire at 55 with a liveable but modest income. But I'm not going to till I know kids are okay.
What’s your networth
I feel like these videos are designed for Azul more than some people.
In retirement, money isn't everything, it's the only thing. No money, no travel. Simple.
Travel isn't everything but health is
Now u going back to normal thanks
Good stuff!!
Azul, as always you provide a great perspective for people to noodle on.
I retired at 57, 7 years ago. My wife and I saved and invested early allowing me to exit the workforce when I did.
The key message I would communicate to others is don't delay retirement if you have the financial wherewithal to do so. Too often I have seen many people delay retirement and then experience health issues which constrain the very things they wanted to do post-retirement.
The most significant benefit of retirement for me is that I no longer have to deal with people I do not want to. That has proved to be the ultimate blessing.
I'm 63, retired, and I've had my money in S&P 500 funds (100% stock) since I started investing. I have made a great deal of money with my FA Kathie and I see no reason to change. The S&P 500 has made an average of 9.8% returns over the past 100 years. International and Bond funds are losers in my opinion because they don't make much money. This is just my amateur opinion which may not work for everyone.
Azul..those people had pensions + ss and rhey didnt need a 401k...thats why they never spent it down. By contrast the younger generarions will need WAY more than they think because of longevity is increasing and there is no pension!!!
I Buy a great bicycle and ride it at least three times per week. It is the cheapest and most effective drug free medicine you will ever get against old age and weakness.
I’m waiting til 62 for the extra income from SS cause all my research on healthcare has me paying 650.00 a month minimum. Who can afford that?🤕
ACA credits cover most of that. It depends on your taxable income.
If you have that "base" amount of money needed to retire, than I can't argue against doing so. That said, the majority of people these days have very little in their retirement funds, and what does one do at 50 years old if they are broke? The answer is work until the end.
If you max out everything including ROTH over 15 years you can put away 2 million give or take.
You would have to save $65k a year for 15 years at a 10% return for that to be possible. Not happening for 99.9999% of investors. The stock market averages 10% return over time which is a far cry from what the average investor actually receives in return.
@@NicE-jq3wv $61000 Roth IRA*2 + $16000 (Roth * 2), and 4% employer match with a 7.5 return + $7500 HSA. But I may need to go back and check my spreadsheet to be sure.
Didn't say it would be easy. And only serious six figure incomes can do it.
With life extension medicine and technology we need more money
I intend to grow our nest egg in retirement. I rather die with a full wallet than live at 85 broke. As far as experiences are concerned, when my spouse retires next year, I'm going to 4 days per week and I have 8 weeks paid time off plus 2 weeks sick/holiday so travel time will not be a problem.
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated..
As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $100k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
nice! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?
I have 42 years of experience being 24. Don't be afraid to take a dip into the fountain of youth.😅
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
At a point like this, when the pressure is already on you to retire, it’s best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Do you mind sharing info on the advisor who assisted you?
Stacy Lynn Staples is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.
I'm favored financially,, with Bitcoin ETFs approval, Thank you buddy.$37,000 weekly profit regardless of how bad it gets on the economy.
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I'm favored financially,, with Bitcoin ETFs approval, Thank you buddy.$38,000 weekly profit regardless of how bad it gets on the economy..