Very good video, filled with gold nuggets 👏

I hope that people listen to a wide range of people about financial planning, but in the end people must understand their own financial situations and make plans accordingly.

I turn 62 next week. I was holding on by a thread. 30 days ago, a high impact fall fractured and displaced my wrist. I've been on unpaid leave, submitting reems of documentation for a minor accommodation. I'm told I need surgery asap (more unpaid leave). If I invoke a penalty, I'd consider it an improvement. I haven't filed yet.

I am 52 and just learning amd implementing some things to secure the future of not only myself but my children as well. Thanks for this.

I still like Suze.

One big way that I disagree with Dave is with my mortgage. 3 1/2 years ago I borrowed $335,000 on a fixed 3% loan. It allows me to put 15% of my paycheck away and still have a life while my house is appreciating at 5-7% per year. Dave disagrees with this method and I disagree with Dave.

can I do a Reverse Mortgage on a property I am renting? or is only for primary housing?

Great advice 👍

Thank you. It's explained very clearly.

Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I’m considering investing in stocks, but I’m not familiar with effective market strategies.

All I got out of this was “I like annuities”. Go ahead and share some data, examples… anything!

My dad enjoyed staying busy/ working even at an older age. Cancer doesn't care.

Save Ramsey is nothing more than a Carnival Barker

I plan on asking for my deceased husbands SS when I reach Retirement Age at 66 and 10 months. Can I do that, continue to work, and take my SS at 70? Also, do I apply before I reach 66+10mos (like a month before) or do I wait until the exact date of my FRA?

Horrible advice! Everyones finanical being is diffrent, a personal decision. Only take early if your so broke, your fucked anyway. Or ya think your going to croak soon

I’m grateful to Ramsey for offering me a plan to get out of debt. I used his plan for 10 years, and could have done a debt-free scream on his show. The problem is, with the soaring costs of inflation, it’s become very difficult to remain debt-free. I keep cutting and cutting my expenses to remain so, and am at the lowest possible expenses I could possibly have while living in America. If this doesn’t work, I’m gonna have to leave the country. Mind you, I’m living without health and dental insurance, and I’m about to cancel auto insurance next year. So, am I making it? I can never have an emergency, even with an emergency fund, because just one emergency in America will bankrupt you. :(

I was surprised to hear Clark Howard included with the others. I consider him more a day-to-day consumer spending advisor -- credit card scams, where to get a good mattress deal, financing at the dentist, etc. I don't consider him a financial guru in the sense that I do the others. So I'm interested in what Mr. McKnight has to say about him.

Clark Howard still offering relevant advice today and at no cost to the listener. He also offers free advice through his consumer action center. I've listened to him for years and learned much. Dave on the other hand is in it for the money and has gotten outright greedy over the years offering services for outrageous prices.

I like Wade Pfau, Dana Anspach (Sensible Money), Safeguard Wealth Management, The Money Guy Show, Morning Star, Erin Talks Money, Ed Slott and some others. Dave Ramsey is good at getting you out of debt and going in the right direction. But my problem with Dave is that he has made his conversation into a business too much. Annuities can have a place, but sometimes they are too expensive. Clark Howard has 15 Million Net Worth per google search. DIYers need better "free tools" to help with the more advanced planning. 1% AUM fees turn the 4% rule into a 3% rule after you pay fees. To get that 1% back you've gotta DIY.

To summarize. Financial "gurus" are great for beginners and those just starting out/indebt. As you get more financially sophisticated and have more wealth, maybe you should upgrade your financial advice.

You payed so why in the hell does it matter if you want to work to make ends meet it ain,t like you draw enough to dam live.

The Republicans have 2 years to give America what they voted for. If they come through, I expect their majority will grow. But Republicans have an uncanny ability to snatch defeat from the jaws of victory. So it's really going to be on the leadership to push Trump's agenda and make it work. Paul Ryan and Mitch Mcconnell were both anti-Trump and they dragged their feet on every agenda item, some didn't even get addressed. Now they are both gone. So we'll have to see if Mike Johnson and John Thune will be the leaders the Republicans need to get the job done for Trump and our fellow Americans. America can be great again if the government gets its house in order.

This is how the government keeps the elderly poor! Their should be no penalty for working as you have already getting less for early retirement plus you are still paying in on your earnings that will not change what you draw from SSI ! Now that’s a double F**king from the government!

I am 56 and i have little for retirement I am scared and imagine myself sleeping on the streets ...

Thank you for this great information!

your dad lived as long as the Lord ordained him to live, not a second longer, not a second shorter.

I am impressed with your comment Have faith in God!!

I converted my 401k to a Roth IRA to avoid higher taxes in the future. I'd rather pay taxes now than be stuck paying taxes on my retirement income when I'm 59 and living off my savings.

I say take it and invest if you really don't need it, or do something fun while you can. How many people in their 70s and 80s do you see being active and taking vacations? Most are quite fragile by the mid-70s. I'm 64 now and already went through cancer surgery and chemo. It doesn't get easier after that battle.

did you calc inflation factor? and investment ability for SS from age 62?

My advise. Take at 62, and find a PT job to cover the difference.. even retired, you can work a few hrs each week doing something you enjoy..

Dave Ramsey was so off. He even attacked someone on his channel over it. He could have saved some face if he had said subtract 4% from your actual return and withdraw that. 12% = 8% withdraw but 7% = 3% withdraw. The complete absence of discussing risk of his approach... I told KZbin to never recommend his channel again.

Thank for the information

Like my sister did not make it to Retainment. What happened to that money?

I'm adopted so there's no family history. My 3rd pension is vested at 64 & 5 months old so I plan to retire at 65. My FRA is 67. Close enough in my book!

Great 😊😊😊the country is going crazy 😊😊😊

Do you recommend investing in crypto? I'm 55 and plan to work until I physically can't.

2 and 8 applied in 2008 when I was 59 and laid off in the Great recession. What I've learned is that I could structure my life to have a very comfortable retirement on just my social security and I have some investments as a backup should the need arise. I would not give back one day of the 7 years of early retirement that I was forced into for any amount of money. And while we're at it only this year did the breakeven curve for retirement at 65 cross the one for 62. I don't need more money now. Working longer will not extend your life a single day. Retiring early might very well give you years.

Great video! This was the first video that I could clearly understand about when to retire and SS in general. Thx so much! Love the channel!

You got 60 days bro. Are you a scammer?

Is it for US or Canada?

How could Jane not qualify for SS?

I think videos like this leave off a reason for starting at age 62: if you’re financially extremely well off (say you don’t even need the SS), if you start at age 62, you’re spreading whatever you do get over more years and possibly having income taxed at a lower rate. If you wait until age 70, the income is packed into fewer years, meaning the tax rate is likely to be higher. Also, and this is an unknown, if you have significant wealth and wait, you might find that the government feels the pressure to reduce your benefits because you’re a dirty rat rich person. Or if not taking some or all of your benefits away, they could make 100% and not 80% subject to ordinary income taxation. Just gotta really think through on waiting until age 70. I’m 74 and glad to have started at age 62. Yeah, if I live to be 85, I might say that maybe I should have waited 3 years, but so what? It’s not that much money.

I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that I want to invest in a non-retirement account. Where would you invest this as of now?

Overall, 60% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025.

My wife and I both filed at 62 and we are happy as pigs in slop! Combined Social Security income is $4500 a month.

Talking about health insurance if early retire at 62. Why can't you apply for ACA insurance subsidy, using your early retirement benefits income?

Charles Ponzi had a better plan and they threw him in jail and deported him. Why do we allow this to continue????????

Trump should eliminate all income taxes and impose a modest tariff on all imported goods. You would also need to eliminate a LOT of federal Departments not allowed by the Constitution. You would see a jump in productivity unheard of since the dawn of the 20th century.

70 is not the new 65 for blue collar workers that have worked hard for 40 years and thier body is now shot,if your sitting behind a desk or standing in front of a cash register maybe