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could you please go over the situation when one or both pearsons become disabled. or if you already did, where I could find it. thank you

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James, what's the minimum "Probability of Success" that you like to see for your clients?

I WISH my property tax was only $5k!

No offense but bill and sue are idiots.

So I don't know if you answer questions or not but if you do.......my question is I'm currently 65 and my FRA is 66 and 10 months. That will happen June 2026. My question is I know I can make 60k or so and collect in 2026. What if I started to take it January 1, 2026 and July 1 is when I can make as much as I want or does that whole year of 2026 count for 60K (or so) and less? I turn 66 September 2025.

What is the best financial planning software?

Good conservative analysis. Glad you added in the LTC expenses. $5,000-7,000/mo is not uncommon for LTC facilities today.

I really enjoyed your video … excellent tips! Thank you!!

Thank you, James, for this excellent explanation.

Mic quality is worse than usual and stripy background is distracting. Content is good as usual.

Re: the client hesitant to buy furniture. They should hit the antique shops, thrift shops, and flea markets. Not only do you frequently find high quality unique pieces, you will pay almost nothing for them. The hunt for items itself is a lot of fun and when you score , well, those endorphins will get released. Lets face it, the stuff sold today is made of cardboard, stapled together, and will fall apart in 3 years. Buying quality is another feature those clients will like. My most recent find was a 100 year old Hitchcock bench in perfect condition at GoodWill. for $40.

Brilliant 👏🏻

By keeping a large bank account, and saying you are wasting the stored value of the money, you are missing a major point of retirees like me. It is extremely calming to know your senior years are secure. The 7 figure acct. insures you will not be living in 2nd rate senior apartments or pushing shopping carts at age 70, or standing on the side of the road with a cardboard sign saying "God Bless, Anything Helps".

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If I'm going to retire at 62 then go back work with that money count to my social security when I do retire

There's that fear SOC sec will no longer be solvent in 40 years. I want to collect it as early as possible and invest it in some properties.

I watched the long version of this. It is very detailed and I appreciated the presenter taking the time to review the couple's situation. He gives this couple a few options. Their choices.

So, at stock percentage = 100-age, at 105, that's -5% in stocks, should you short the market at 5% of portfolio?

What are the best options for retiring early in your late 50s if you are not eligible for medicare yet until age 65?

Absolutely not enough!!

AI James is unwatchable haha

My husband and I are doing this right now. We’re moving from California and bought a house for 290k in SC and paid cash. We have exactly 500k and praying we can make it on that. We have no family and moving to a tiny town to get away from it all.

YES !! So well said I would like to see Monte Carlo overlaid on top of a sensitivity analysis. We need some accuracy along with our precision

hello, do you have any examples when one or both retired persons became disabled. how that would empact the whole financial situation?

There are other unexpected setbacks to consider. If a person gets VA benefits under an income eligibility ( not disability), if your taxable income goes above their threshold, you can loose this benefit. They also go by pretax income. Also, if you are living in a state and you are trying to have your property taxes frozen, a AGI higher than their eligibility level, will also disqualify an applicant. E.g. NM will have you apply 3 years in a row once a person is 65. If they qualify one year due to low AGI , and the following year their AGI is above their threshold, you will no longer qualify for the freeze. I am sure this impacts a smaller percentage of retirees, but might still be worth addressing. It does take complex consideration of various factors including the above.

Good content. But is the video an AI generated James? Looks a little strange!

I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 3k in last week 2024..... now i just hit $12,590

I’m not a big fan of MC analysts either, but your whole setup to this video is made-up BS. People may only remember the percentage number their FA gave them, but you have to actually create a plan with inflows and outflows in order to run the MC simulation.

Wonder about factoring in home & vs and car repairs

You are always right on point, James. When u did the makeover for me, we determined that although the Monte Carlo analysis was high, I needed to get out of the index fund to separate the stocks & bonds so I wasn’t forced to sell stocks during a downturn. I’ve implemented your suggestions. I’m doing my job part time in 2025 rather than fully retiring. After a few months, the retirement journey will really begin. Thanks again for your help. When I get to the $2 mil, u will be my advsior

retire, and sell your house down the road IF you need to. my bill is in the mail...

You need to subtract the Medicare charges on your social security income.

If you are 1 year from full retirement and are currently on worker compensation can I apply for social security before workers compensation ends?

Right after you retire have a total spa day!

I would like to understand your thoughts on the time value of money. I’m currently squarely in the 22/25% bracket and will be in the 24/28% bracket when RMDs hit in 13 years. Converting $100K today would cost $22,000 to avoid $28,000 in 13 years. A present value calculation with 2.5% annual inflation shows that $28,000 thirteen years from now is worth $20,311 today. I feel I'm paying a premium as the money is worth more today.

Hard to watch. Your voice doesn't come through after a pause. I see that on other channels but not on most. It's difficult to follow you when I can't catch the first couple of words on many of your points.

I detest these simplistic views and assumption everyone is stupid

Said a financial planner.

This doesn’t answer the question in the title.

It’s impossible for a Monte Carlo analysis to be 100% accurate. You’re inputting assumptions about: inflation; stock market returns; interest rates; medical inflation; Medicare premiums; Social Security benefits; etc. There’s so many variables I wouldn’t trust any results more than 5 years out. But it is better than sticking your head in the sand and hoping for the best.

Great example. I'd imagine that most individuals will see a drop in withdrawal rate due to SS and mortgage paid off, etc.

I’m 59. At 62, my ss will only be 588. It will be 1000 at 70. I have no retirement or savings. Will be working till the day I drop off

Note: Monte Carlos simulations never result in 100% chance of success.

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As a Philadelphian, I agree with the drive time anxiety

Wondering if he can retire with 1/2 million dollars in assets. So many of us are so far from that, that this is depressing to listen to.

Very helpful - thanks!

What is the general consensus around social security for us around the age of 40? I’d like to think it will still be around, but I hesitate to include it as part of my retirement planning.