Start early , start big… esp max out the Roth in your early to mid 20’s

Hi Mark, thank you for the content. So helpful. Question, let say you worked for 25 years and retire early at 55 and use rule 72t to withdraw $50k/year for 10 years. Will that $50k be use as income in the calculation of your security benefit over 35 years or will it still be $0 for the last 10 years? Thank you

That’s Obama care. It’s evil and going away

Doris Cox Proof I my family and me are victims of crime and thank god for our community our friends and family for all the support and assistance because without that we could not maintain our lives after this horrific crime that we went through and still going through medical treatment and expenses do to my injuries! Richland Parish Sheriff's Office received a 911 call at approximately 6:08am on 8/9/2018 from a residence located on Hwy 425, Rayville, La. The caller reported a man had entered the home.The caller also stated her husband had left the house and had not returned. RPSO deputies responded and found a male victim near the mailbox along Hwy 425. The female victim was in the house. The male victim was transported to a hospital in Shreveport where he is in stable condition. The female was treated and released. Richland Parish Sheriff's Office investigation led to the arrest of James L. Tabb, B/M, DOB:1/27/1989 charging him with Attempted First Degree Murder, with No Bond and First Degree Rape with a bond of $1,000,000. Also arrested was Terrance T. Miles, B/M, DOB: 2/16/92 charging him with Accessories After The Fact of Attempted Murder, no bond has been set at this time. Both men are being held at the Richland Parish Detention Center. Sheriff Gary Gilley would like to thank the Louisiana State Police, Morehouse Parish Sheriff's Office and Ouachita Parish Sheriffs Office for aiding in this investigation. District Attorney Penny Douciere announces that a Richland Parish jury convicted James Tabb, age 33, of the attempted second degree murder of Joshua Butler at the conclusion of a two week trial on September 9th, 2022. ADA Doug Wheeler presented the State’s case, which established that Tabb shot the victim with a compound bow, stabbed, and then beat Butler’s head against a culvert at the victim’s residence on Hwy 425 south of Rayville on August 9, 2018. Tabb was also convicted of attempted Aggravated Burglary of the Butler’s home and attempted Armed Robbery. The verdict of the 12 person jury was unanimous on all counts. District Attorney Penny Douciere credited the success of the State’s prosecution on the hard work of the Richland Parish Sheriff’s Office, numerous other law enforcement agencies, and the Louisiana State Crime Lab.. District Judge Will Barham presided over the trial and has scheduled sentencing for November 2nd, 2022. Tabb, a Rayville resident , faces a possible sentence of up to 114 years.

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments

Great explanation. Everyone’s mix of assets, expenses, income, goals and outcomes are different. Thank you.

audio kind of off, music comes on ( both ears) ..talking right ear only. Atleast one minute into video.

Does SS income effect health insurance subsidies?

There is no words. Cannot hear anything.

If you can't live on 9k/ month, then I can't feel sorry for you. I have never earned 9k in my life and I'm 64!!

It seems ppl who need to do Roth conversion, withdraw from IRA, having rental income, having annuities must be careful here.

How about if you take money from Roth? It doesn’t need to be added to magi, correct?

Very helpful. Are the numbers shown for lifetime totals the present value or just the plain total ($1 today > $1 in 5 years)? Also are we taking into account the possibility that the lower PIA recipient may benefit from an extra spousal benefit?

I'm so glad I served the country so I can go to the VA for emergencys USA has the highest medical bills by far in the world. its ashame

Money isn't worth sacrificing your health over. If Duane for retiredearly500k can do it, 4x as much can easily be achieved. 60-70's. early good health years in retirement. 80-90's feeble years your not going to be doing anything if you have no energy. Best Retire Early, Sell the Houses and stack that cash! You do not know what this crazy world is going to bring in the future.

Majority of portfolio is $2M in IRAs. These are taxable impacting income taxes, cost of healthcare Medicare and eventually RMDs

To the people with more than 2 million complaining "We can't retire", hey downsize and don't complain you are the top 3.2%. Most of these have very expensive houses and still have large mortgages and pay an exorbitant amount on utilities. I have friends who retired at 57-62 and travel regularly on 500K and own paid off houses.

I know you are just doing your best to optimize this couples situation, but a $2,079 monthly government subsidy for their healthcare plan with a $2.8m portfolio is part of what is wrong with this country with everyone on the take. If you have assets at that level you should not be eligible for a subsidy.

If they can't retie on 2.8 million than they are wasting too much money

That's pretty close to our scenario except we're in good health (knock on wood), we don't have quite that much in investments, but we do have rental property (farmland) that brings in about 15K a year after expenses and could be sold if need be. We have more modest spending goals though. We were living on less than 7K a month and that's plenty in retirement as well though there will be rare larger expenses such as cars, some work on the house, etc. We've also ignored social security in our plans but not because we think it won't be there, we just wanted to put together a very pessimistic plan and see how it held up under analysis. We've both loved the work we do so early retirement wasn't of too much interest to us. But things change. New management at the company where I work, a realization that it was no longer a good fit for me and that I don't want to start over someplace else. Long story short we ran the numbers and I retired this spring a few months before I turned 64.

Similar numbers here. I really wish you started near the beginning with their liabilities and portfolio to decipher better between wants and needs.

I don’t believe this guy. I don’t believe their first FA told them SS won’t be around. That sounds very fishy. This guy is really proud of his ROT comments. “Rules of Thumb” are not bad, they are just guidelines and no FA advisor knows the future or when you’re going to die.

Wow, $2.8 million is a pretty substantial amount! At first glance, it seems like you should be in a great position to retire, right? But I totally get how retirement decisions aren’t just about a number. There’s a lot to think about lifestyle, expenses, healthcare, longevity

I don’t even need to watch, it’s lifestyle

Just how did you get their MAGI so low that they were only $55,000 per year when it came to the ACA when they are clearly taking in more than that? My income is almost all long-term dividends, I (married) use HSA which reduces MAGI and my MAGI income is still way higher than theirs while I am also generating less income than what they are taking in and spending. Do their IRA not contribute to MAGI? Is that $800,000 brokerage account mostly cash so not actually income but they spend it like it is income?

Dollar devaluation causes dollar to lose half it's value every 12-13 years, have to plan for expenses to double in 12 years just to maintain same lifestyle. Another way to look at this is to increase expenses 6% per year. I am up to $2.5 million, 100% invested in Income, money market CDs bonds dividend stocks & closed end Income funds, I reinvest unspent income.

I retired at 59 with 2 million.... it was easy: 1) live a healthy life... no tobacco, no alcohol, no refined sugar 2) MOVE-OUT of expensive cities 3) ZERO DEBT 4) learn to cook a steak AT HOME.... aka, live within your means. Bottom line ==> a 2 mil portfolio will easily produce 100k of investment income per year..... a decent investment planner will get you 200k. Sooooooooo "why" can't some "Joe Blow" retire at 60 with over 2 mil in liquid assests==> because that person is a DUMMAS that lived a life of BAD decision-making..... plain n simple 😐

I'm not sure how the total withdrawal amount of $455,741 remains static under each scenario assuming a 5% withdrawal rate when most of the portfolios run out of money within less than 25 years. Conversely, wouldn't the total withdrawal amount be greater if withdrawing 5% of an increasing balance per the 7-12 scenario? Perhaps I missed something.

No mention of Roth retirement account? Very weird.

The big thing you missed in this video is the fact that taxes on Social Security should be illegal in the first place. Double taxation is illegal and that is exactly what is happening. SS recipients have already paid taxes on the wages when they were working and now when retirees desperately need this income the most to live the government gives them the shaft! Retirement may become a problem for Americans

I am 42 years old networth $5.1 M including properties and investments. House all paid off. I can start to plan my retirement. I am going frugal.

Why don't they conservative structure a dividends portfolio yuelding 3.5 -5%. This portfolio would consist of high quality dividends aristocrat's and ETFs. With this model they never run out of money and don't have to pay an advisor 1%.

"Only have $9000 a month to retire on"

Sorry President Musk is going to get rid of this.

I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report

Imagine having that kind of savings at 61, and kicking the bucket at 62. Live while you're alive.

If guy doesn’t quit soon, you’ll be calculating a 2.8M retirement for one. Previous advisor was milking his client big time.

I hope they both start collecting SS at 62.

That is a nice green shirt. Where did you get that sir?

Anyone who can't live off the income from $2.8M must be wasting money on ridiculous things. Or else his/her financial advisor is an idiot.

clickbait...

If 4% of 2.8 mill will not give you enough money in retirement to live, you need to downsize your lifestyle big time.

Withdrawal from brokerage account doesn’t automatically means low taxes. It depends on capital gains!

Why would anyone use a 4% withdrawal rate? Even funds like harvard's endowment fund use 5% or more, with the goal of lasting forever. At 61, he's just gotta bridge to SS and medicare. Run the calcs, I'd bet he could safely do 8% up to SS, then 6% or so thereafter.

They probably need 50 million USD to retire!

Bruh! Dude is part of the 3% in the USA. Probably part of .05% in the world of 8 billion people. All about expenses - spending.

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings to fall back on.

Healthcare costs in retirement seem like a huge financial trap. I read they could total over $300,000 for a couple. How are we supposed to plan for that?

Where you get those shirts with the super short sleeves?

Retiring at 55 in 4 days. It is totally achievable. Don’t be scared, take small steps and stay the course over time, work with a CFP!