5 ай бұрын
Пікірлер
@globalfamily8172 4 күн бұрын
How to get out of one when it's inherited? You don't want to pay tax on all of it at once. So you are kind of stuck. You can max out your 401k and cash that amount to pay for it and it will be a wash.
@retirewithpurpose 2 күн бұрын
This can be a complicated question, but we would be happy to schedule a time to discuss further. Feel free to visit howardbailey.com/schedule to schedule a complimentary conversation.
@HungNguyen-se8dn 19 күн бұрын
Too old information 😂
@retirewithpurpose 17 күн бұрын
This video is a little over a year old and some of the things in the financial realm do tend to change quickly. We release new content almost weekly, so hopefully you are able to check out some of our newer videos. For example, this recent post is focused on IRAs and spending options in retirement: kzbin.info/www/bejne/oHPPnKGfn7Knla8 ▶️
@markrand652 19 күн бұрын
Great interview! I'm within a few years of retirement and recently thought about using immediate annuities as a spending floor, and such have discovered Panko, Pfau, you two and others describing what seems logical to me. Clearly I have more to learn and I am currently reading and will be looking into what I can find in the literature. However, my take is that I want a spending floor for all necessities covered, so I CAN feed my risk tolerant side, primarily because it's not just me dependent on the success of the plan. (I thought of annuities as bond replacements) Good work guys!
@retirewithpurpose 17 күн бұрын
Glad you enjoyed the content and that it gave you some food for thought! If you would like to see how Howard Bailey Financial could assist you in this, schedule a complimentary Personal Financial Review: howardbailey.com/schedule 👍
@amryan7571 21 күн бұрын
There is NO WAY to save any retirement when the government is targeting you for destruction. #trump2024
@vvictorialam 22 күн бұрын
i cannot text you guys as i am not from america, how should i request a free book? thanks!
@retirewithpurpose 22 күн бұрын
Thank you for your interest in this video! Dr. Moynes was a wonderful guest with a wealth of knowledge! Feel free to send us an email at [email protected].
@fwaneil 23 күн бұрын
Great Information, thanks for sharing they type of scenarios you can build.
@retirewithpurpose 23 күн бұрын
So glad you appreciated the content! If you have questions specific to your situation or if you simply would like more information, please feel free to request a complimentary personal financial review: howardbailey.com/schedule
@rafaelamolina8451 Ай бұрын
Joan, you are my inspiration. I am 61 years old with an awkward body shape... V shape. And just like you, for years until very recently, had a series of health issues. For many years I have been very self conscious of my body shape. I am trying to accept my self as I am and get motivated to do strength training to feel healthy. Listening to your story is giving me that push that I need. Thank you, so much! Keep up the good work!
@retirewithpurpose Ай бұрын
We are so glad to hear that Joan's story was inspirational!
@davidfolts5893 Ай бұрын
When I calculated our expenses, my wife would see about a twenty-five percent reduction in overall expenses if I were to die. Thank you for your case study.
@retirewithpurpose Ай бұрын
Thanks for watching! We're glad to know that the information was helpful and informative. If we can be of further assistance, consider scheduling a 15-minute complimentary consultation (howardbailey.com/schedule) and see how we might be able to positively impact your retirement.
@tinap1813 Ай бұрын
Thank you for this interview. It was very informing. I enjoyed it very much. Thank you so much.
@retirewithpurpose Ай бұрын
So glad you enjoyed it! If there is any way we can assist you in future, please reach out: howardbailey.com/schedule
@jerrylamb1327 Ай бұрын
This podcast is evidence of why I made the best decision possible by moving my IRA and 401k to Howard Bailey!
@retirewithpurpose Ай бұрын
We're thrilled that this content was of value to you! You are a valued client!
@jerrylamb1327 Ай бұрын
Enjoyable! I am in the fuzziness stage for sure. Not much of a vacation stage yet. Thanks for this excellent podcast!
@retirewithpurpose Ай бұрын
So glad to hear you enjoyed it! That fuzziness stage is tough.
@user-yh2tf7sv2i Ай бұрын
This is a wonderful episode and very inspiring for retired women I love Train with Joan. Joan MacDonald is my hero!
@retirewithpurpose Ай бұрын
Joan is wonderful! So glad you enjoyed the episode!
@judywhite7782 Ай бұрын
So at 4:29 +/-, I guess your Reading this Article and it Says an increase of 124% from age 67 to 70... which is Totally wrong.. 62 = 30% less, 67 = 100%, 70 = 124%... Which Is Only 24% more than 67.. 8% more per yr...? Maybe Pointing Out Their Huge error would be helpful to Some ppl watching.
@retirewithpurpose Ай бұрын
It's 124% of FRA benefit (cited in the article). Hopefully this is helpful. If you would like to discuss this further, please feel free to email [email protected].
@Bill-vk7fh 2 ай бұрын
The analysis result depends heavily on the assumptions you use, e.g. SS Cola, inflation on expenses and the return on your invested assets. You could influence the outcome by changing these assumptions. I saw 2.75% Cola and 3% inflation used, but what investment returns did you use ?
@retirewithpurpose 2 ай бұрын
Thanks for the question, Bill! You are correct that your Social Security strategy will be highly dependent on the assumptions you use. We didn't focus on returns, as that will be something that is highly personal, but hopefully we accomplished the goal of the video to emphasize the importance of Social Security planning and the impact that can make on your retirement. Let's schedule some time to customize your assumptions! Schedule online: howardbailey.com/schedule
@liriahiroko5338 2 ай бұрын
😊Uma boa inspiração, obrigada. Estou junto.
@bennguyen1313 2 ай бұрын
Would love to hear David's thoughts on how Vivek Ramaswamy would "grow" the economy out of debt.
@retirewithpurpose 2 ай бұрын
It would certainly be interesting to hear his thoughts. If we have him back as a guest we'll do our best to make sure that's a topic of conversation!
@davidfolts5893 2 ай бұрын
Great content, Casey! My critique would be that your bond projections do not account for changes in interest rates that significantly alter future bond returns.
@retirewithpurpose 2 ай бұрын
Incredible insight! That would be the next phase of planning as we begin to stress test the plan, amongst many other factors too numerous to include in a quick conceptual video. Hopefully, we accomplished the goal of providing some foundational education around Roth conversions and taxes! If you're ready to take the next step and dive deeper into a truly personalized plan taking into consideration all the factors unique to yourself schedule a free call with one of our fiduciary advisors.
@skhend6310 2 ай бұрын
Thank u!
@integrityconsultingservice8258 2 ай бұрын
This was a very informative podcast. It struck me that many of us, especially men, may be going through these phases on our own, while standing in the middle of community. I.e.6 friends all going through the same phases, but unbeknownst to one another because we don’t talk about it. What a waste of community. Thank you for this.
@retirewithpurpose 2 ай бұрын
So glad this topic could be a source of encouragement!
@Bill-vk7fh 3 ай бұрын
What is the expected return for the FIA with the GWBR ? And what is the cost for the GWBR ? Is this for FIA for both lives with return of principle ?
@retirewithpurpose Ай бұрын
We didn't utilize an expected return for the FIA, we only projected the guaranteed income provided through this tool. The cost varies by product, but usually is around one percent per year. The return on the FIA and the cost of the rider are important to understand when you utilize these tools, but for the purpose of this video we are solely focused on the benefits of guaranteed income. And yes, it is designed for both lifetimes, but the beneficiaries receive the remaining cash value with net growth less withdrawals. However, again, the focus is guaranteed income and if the goal is maximizing legacy, then a guaranteed income product is probably not the best solution.
@johngarceau541 3 ай бұрын
Well said
@retirewithpurpose Ай бұрын
Thank you for your comment! It’s always encouraging to know that our content is making a purposeful impact.
@bradleyvanzile1111 3 ай бұрын
I think Social Security designs their programs and systems to frustrate people and just give up so social Security saves a lot of money that way!!! I could be wrong but it just seems that way
@finsterthecat 4 ай бұрын
That was a beautiful goodbye for a love one to gift you.
@DavidSklar-si7pb 4 ай бұрын
Thought the discussion about the four phases of retirement was extremely informative and valuable. Great content.
@retirewithpurpose Ай бұрын
Thank you for your comment! So glad that you enjoyed listening to the conversation! If you have a specific question or if you are ready to take the next step in planning your retirement, we would love to connect with you for a complimentary 15-minute consultation to see how Howard Bailey Financial might benefit you and your retirement goals. If you’re ready to take that step, fill out this form: howardbailey.com/schedule Have a great day!
@prin1939 4 ай бұрын
This was a cleverly masked annuity marketing video. Surprised he didnt recommend a whole life insurance policy to top it off.
@CaseyWeade-vw8bz 4 ай бұрын
I'm glad you enjoyed the educational video on guaranteed income annuities. Not a huge fan of whole life insurance, but it has it's place along with all of the other tools in the financial world. I'll be sure to put together another educational video on the topic for you in the future.
@bobul2 4 ай бұрын
I've watched her on tv, but she sometimes acts like you're going to live forever. You need to decide for yourself, but keep in mind, you'll make 8 years of SS from 62 to 70 before getting your first (larger) check at 70. Granted, the benefits are bigger at 70, but how long before you break even had you taken SS at 62, another 10 years?? Also, you can take your SS and invest it at 62 if you dont need the money immediately for basic living, maybe 9 to 10% per year? Also, if you take it at 62, you'll have it to pass it on should you pass before you get anything. Tough decision for all, but she leaves out pertinent information.
@karenpeters4457 4 ай бұрын
😂😂😂
@Frankenfolio 4 ай бұрын
There seem to be a lot of important factors that aren’t being taken into account in this assessment? 1. The growth assumptions (in the first 2 examples) assumes no additional money is being invested during that 10 year period. 2. Social security isn’t be considered, which would likely reduce the needed $90k/year once they start collecting it. 3. Is the annuity being sold to this couple inflation adjusted because $90k at age 65 will have less buying power at 85 and even less at 95 if they live that long. 4. Do they have heirs that they’d like to inherent any remaining assets upon their death and does the annuity include an inheritance component? If you include these 4 factors in your analysis, would an annuity still be the best option for this couple?
@CaseyWeade-vw8bz 4 ай бұрын
All factors considered it was the best option for them, although this is not a video designed to walk you through how to develop a comprehensive financial plan, but to illustrate a concept. Also, keep in mind that the best option for any given personal financial planning situation is just that, personal. 1. Assuming additional investments wouldn't be an apples to apples comparison. 2. Social Security is irrelevant to the concept being illustrated. 3. It is not inflation adjusted, but will produce significantly more income than the 4% rule and the average retiree will not be impacted by inflation like your average worker i.e. The Retirement Spending Smile 4. Remaining unspent annuity cash value would still pass onto heirs with gains less withdrawals, but if their priority was legacy they probably wouldn't have purchased a guaranteed income annuity.
@tonyfrattaroli7371 4 ай бұрын
David is very knowledgeable and has been predicting the dire consequences of running a huge national debt for decades. Mortgaging our children’s future - as he says.
@jerrylamb1327 5 ай бұрын
Loved this Podcast! Thank you Casey and Les for excellent insight.
@retirewithpurpose Ай бұрын
Thank you for your comment! It’s always encouraging to know that our content is making a purposeful impact.
@janetjacobsen5850 5 ай бұрын
I just bought his book, "JustMove". Thank you
@SanataniBharat2 5 ай бұрын
Thank you Professor Seigel 🙏🙏🙏
@user-sw8fh5wu3p 5 ай бұрын
I really needed to hear this podcast. I did not realize that all the non-financial needs & benefits of working a job did not automatically transition to this season of retirement. In fact, the first time I officially retired within 1 day I took a part-time contracting gig just to stay busy and kept those needs in the background for two more years. I had heard that you don't retire from something; rather you retire to something. So now I am officially retired for 9 months now and extremely restless. Fortunately I ran into this podcast and the opportunities that are available to me once I start implementing these principles and "discover my purpose." Thanks for this information. It will be life changing.
@nae4830 5 ай бұрын
I don't understand why her interviews are more popular when her book is good, especially compared to how many money books have been launched lately.
@jerrylamb1327 5 ай бұрын
Excellent view points!
@ejdiii333 5 ай бұрын
Not feasible for 95% of people retiring, of those retiring have real jobs, not writers or jouralist, politics, or the arts and entertainment, including sports. most have little if any resources to draw on.
@ronbronb 5 ай бұрын
A technical request: please lower the drums intro's volume by 20%, thanks
@CaseyWeade-vw8bz 5 ай бұрын
I will see what we can do Rob! Thanks for the advice!
@ronbronb 5 ай бұрын
@CaseyWeade-vw8bz appreciate it, it's a bit of an issue with earbuds, thanks.
@jerrylamb1327 5 ай бұрын
I love the optimistic outlooks!
@CaseyWeade-vw8bz 5 ай бұрын
Always the optimist, right Jerry!?
@nellaikswokub139 5 ай бұрын
this is the least informative video I've found on this topic, waste of 20 mins
@user-gq3jt8kp1t 5 ай бұрын
Am I required to tell future employer I'm on disability
@user-gq3jt8kp1t 5 ай бұрын
Am I required to tell employer part time I'm on dissability 1:48
@jerrylamb1327 5 ай бұрын
This was an excellent talk about grief. The tools explained are new to most of us and I know several in our church and community that will benefit from hearing it. Thank you!
@PaulKapow 6 ай бұрын
Thank you for having this conversation 🙏
@wdeemarwdeemar8739 6 ай бұрын
If I was a multiple millionaire like Christine would likely be every thing including getting out of bed would be in the too hard category. I could not be bothered to do much except eat and keep my house clean. By the way a year later 2 Teslas in the employee parking lot. Mostly Toyotas.
@dmjh932 6 ай бұрын
Simple: NEVER EVER CONSIDER PURCHASING ONE
@larriveeman 6 ай бұрын
too much small talk