Welcome to the four years where we will add trillions more to the national debt and the very rich will get richer.

We are in our 50s with nearly $3M saved, no debt and $50K annual spending. But we avoid the stock market completely.

Nothing is going to be cut. Just wait and see

If you're salaried the worst month to quit is February...shortest amount of working days.

Why don't they just raise the cap? Why do the rich only pay on the first 120k or so and are tax free on all income above it. I pay on 100% of my income and I think everyone should pay on 100% of theirs as well regardless of income.

No ofence butv2.5%on 2000 is not 500 dollars, you will only get 100 dollars so why do these idiots lie about it

Many companies declare and pay bonuses on March 15, based on the prior year earnings. But, if you terminate prior to that March 15 payment date, you won't get that bonus. Something to think about.

Lots of opinions out there - I like that you back up your ideas with solid, time-tested advice. Thank you.

No tax on Tips...From a guy who says ....THE EMPLOYER GETS THE TIPS NOT THE EMPLOYEE!!......NO TAX ON OVERTIME...FROM THE GUY WHO SAYS.....OVERTIME SHOULD BE ILLIMINATED AND HE NEVER PAID IT ........fools

Im 61 and I still do everything I was doing 10 years ago, or 20 years ago nothing has changed for me. It's cliché but it all starts with your thinking and acting your age. Don't think about not doing what you always did, and don't act your age. Until this body can no longer do things, nothing is going to change for me. Its all up to you....simple ❤🙏

When I earned tips, I never reported any on my taxes. People living on SS already pay little or no tax. Trump is only cutting taxes for the Wealthy Class and he's cutting Medicare and Social Security to do it. He still hasn't said where he's going to get the money to deport all the immigrants, build the border wall and jail all the Democrats. What new tariffs are going to generate that kind of revenue? How is this not going to cause a huge spike in inflation?

They got all these excuses not to pay. If you are American and live in America you should not be denied the peanuts they offer. In fact they should of invested your money and pay to compensate for these high prices. How you gonna pay taxes when you make peanuts or pay a student loan that was a scam? They need to lower the age to 60 and increase it to 300 percent.

This is going to be such a mess.

2025 is the start of America's Reality TV show.

Taxes on Social Security only hurts the people who receive it.

Financial illiteracy is prevalent in every generation of Americans.

Deficits don't matter, VP Dick Cheney.

All👍👍👍👍👍👍😐😐👍

If SS is not taxed wouldn't that expedite the default date?

Buy a nice used guitar or keyboard. You've got 10,000 hours to become proficient.

Inflation is always triple what the government says it is ! If they say inflation is 2 percent it's really 6 percent. Good Luck America !

The incompetence and corruption that is rampant in this government is becoming more and more ridiculous. I think it's a shame that people with disabilities don't get the help they deserve. Thank you,( IGM James Winfield), for educating us financially! No matter how bad it is for the economy, I still made over $65,000 trading last month

We also have favorable catch up provisions for 457 and 401k particularly in November and December. So those are big months to retire

Thats your Democratic Politicians! Theyget rich finding ways to screw you!

I hiked the PCT for my 60th birthday Mexico to Canada 2700 miles my balance and strength rivals most of my 20 year old employees no one believes my age I’m 63 now most guess I’m in my early forties I’m paleo hike 15 20 miles a day have never been a drinker smoker or use drugs. I challenge my self mentally and physically every day. It’s essential to never retire and make your self useful to society. If you want to put a number on your life good luck I’m as young as I want to be.

FDR was the last president to care about working people, Republicans called him a communist, and have been working hard to dismantle FDR's New Deal and Social Security ever since. Reagan did a real number on the New Deal and the middle class have been declining ever since Reagan.

@7:34 'Divorced Men median $216' - oof, divorce, next to major medical, can really do a number on you

So the terrorists just need to be a good citizen until they get into the TSA frequent flyer program before they go rogue? Oh the privilege always find ways to make it easy on themselves at the expense of the rest of us!

No No No! I can save a lot more by not getting this stuff! Totally unnecessary!

Tesla? Shame on you! I wouldn't want anything that weirdo makes! He needs to be brought up on charges for lying to get his immigration status documents!

Irs all nust a money grab by Ahole politicians so they can steal more of pur money tp piss it away on stupid crap to keep themselves in office. So, I paid the max into SS foy years and have just now started to collect it. And guess what. And, since I'm still working full time, they tske SS out of it. What a rip off. Now that I'm 70 its time for them to get out of my pocket and off my back.

The Top 4 stupidest things people buy(do) 1. Buy Whole life insurance 1A. Buy A Timeshare/s 2 . Buy A New car 3. Not investing or learning about time in market

Thank you, Geoff.

If I wait till 65 and 2 months, can I apply for Medicare if it isn't during open enrollment?

It is a good time to get a foreign bank account in a reliable currency. The day they pass tariffs against China, watch the stock market collapse. Second, China will dump it's T-Bills and the bond market will crash. I am afraid Mr. Schmidt is like so much of America, who thinks that authoritarian regimes follow rules and laws, and are controlled by legislatures. The GOP is very specific they intend to tear down the USG...good luck for those dependent on Social Security and Medicare.

My Wife & Son are coming back from Ho Chi Minh City next Monday early because the air pollution is gotten so bad over the years or we would be staying there 6 months out of the year. Sadly even in the mountains of Da lat, where we lived years ago, and the beach in Da Nang have terrible air pollution most of the time. PS, We're actually heading for Mendoza in December to see if that's our new spot 😊

Great video and things to consider. For me, it was at 100% full normal retirement age, i.e., when I turned 66 + 4 months.

I love this strategic way to retire!

The US House changed the rules for challenging the Speaker. It now takes NINE people instead of ONE.

This is a really helpful video! I’ve been thinking about retirement for a while now, and the timing is such an important factor. I’m curious, how do factors like taxes and the cost of living affect the decision on when to retire? Do those things change depending on the month or season? Would love to get more insight into that! Thanks for sharing this!

The cloture rule is what requires 60% ... it has been used as a type of fillibuster inappropriately. The cloture rule is to say that the issue has been adequately heard and debate should be cloded . Im past years senstors opposed to a bill would approve cloture and allow the bill to come to the floor for a vote. Therin if a senator wanted to fillibuster then they could by controlling the floor before the vote was taken.

My pension was adjusted up about $4,500/year just before I retired due to changes in the retirement plan. I also had a window of about three months before the subsidized health care from the pension would have cost me $1,700/year more. So I retired in that narrow window, somewhat due to planning and somewhat due to luck.

I worked for a company that had a pension plan where the pension was accrued by fiscal quarters. I had to work until the 15th day of the last month to get credit for that quarter. The plan also had a cost of living adjustment that kicked in on November 1 after you had been retired for a full year. As a result I retired in late September to get the full quarter credit and that was before November 1 so I would be eligible for the COLA the following November. I should mention late September-October is great vacationing time in the southwestern USA; all the crowds are gone and the weather is great. 😎

the 2017 money grab for the rich that raised regular people’s taxes is coming back 🤬 but it was set to expire so our taxes would go back down 😒

Just wait until Donnie , Musk ,and his buddies are done with the tariffs , social security.

Would you explain how Trumps presidency may affect retirement income. I am starting my 4 th year of being retired and am concerned.

fixed pensions are a great deal if you can get it, none of my companies offered it and I did a lot of contracting but my savings are ok

My day is in January. I realized this month while signing up for healthcare that 1. The company makes an HSA contribution in the first week of February and 2. I have 8 weeks of vacation saved up. If I had planned for terminal vacation (I had but my projects are extended) then the company would pay for two more months of medical insurance and 401k contributions. I’m leaving money on the table.

When I used to live in apartments, renting, when things went wrong like a plumbing back up or a leaking ceiling, it would take forever to get the landlord to send someone to remedy the situation. I'd rather own a house and be able to call a plumber or other professional and pay them to come in a timely manner. Maybe expensive apartments don't have this problem, but I still can't afford a luxury apartment. I own and am 100% debt free with a $450,000 house. If I had rented my whole life, especially luxury, I'd not have a penny of that equity. The question for me now as a retiree is how long my health holds out so that I have the energy and brain power to deal with maintenance and other decisions. If I invested the proceeds of the sale of my house and took 4% of the earnings, it would only be enough to rent a crappy apartment like when I was young, so it's better to stay in my house.

Hey, thanks for the video but yeah, I’m 62 but I am a Wallcovering contractor so I’m up on ladders and scaffolding all the time. I plan to retire is at 67 God willing. The one thing I do is I try to stay in as good as shape as possible , I do some weight training and cardio and I am literally the same way I was in high school I mean, what are you gonna do you never know when something can go wrong, but I’m trying to keep myself in some kind of good physical shape.