12 Tips To Retire Early With Confidence (WATCH BEFORE YOU RETIRE)!

[@ClarkeGriffiny7]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[@SandraDave.]

Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

[@RaymondKeen.]

Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

[@Hectorkante]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@RaymondKeen.]

My CFA ’Sophia Maurine Lanting’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@sharonwinson-m8g]

Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.

[@TheDuke792]

Saving aggressively in the right accounts is crucial. Consider tax-advantaged options like 401(k), IRA, or Roth IRA. For example, contributing $5,000 annually to a Roth IRA from age 40 to 55 can yield significant returns.

[@ThomasColt]

My advisor has been helping me optimize my savings. Thanks to him I'm on track to retire 5 years earlier than planned. We reviewed my expenses, income, and goals to create a tailored plan.

[@SeanJohns-ze8ie]

But what about income streams? How do you ensure you'll have enough money in retirement? I've heard that having multiple income streams is essential.

[@OwenFlex]

Diversify your income streams. Consider REITs, dividend-paying stocks, or a side hustle. For instance, investing in a REIT can provide a steady income stream and potential long-term growth.

[@John-ww2fv]

What about healthcare? That's a major expense in retirement.

[@OwenFlex]

Plan ahead! Consider investing in a Health Savings Account (HSA) or exploring long-term care insurance options. HSAs offer triple tax benefits: contributions, growth, and withdrawals are tax-free.

[@Wazup4177]

Enjoy the videos Ari. You and James do a great job trying to point folks in the right direction. Thanks!

[@macmann1956]

Good tips. Time well spent reviewing the common sense basics !

[@stevemyers8588]

Thanks Ari. Like others have said, very much enjoy your videos. For me, I believe these are more “confidence-boosting” to hear various strategies and to ensure that I am moving down the right path (btw, I recently early retired in my late 50’s.). And your shows (and others - e.g., Fidelity Insights webinars) give me tips along the way to refine and/or improve my approach. Again, thanks!

[@earlyretirementari]

You’re very welcome and I appreciate it

[@kaytee1617]

Very helpful topic. Thank you for this content.

[@earlyretirementari]

My pleasure!

[@backcountryFLcyclist]

Thanks! Love your plain talk videos! I am in my early 50's and wife is 3 years behind me. I have a remote tech job with no stress. I may never retire!

[@earlyretirementari]

Awesome thank you

[@golfncars5094]

Thanks for your videos appreciate the info !

[@marc3oh]

Ari Love ur show 66 y/o divorced male about to retire. $4.5MM mostly in 401K tax deferred aggressive portfolio that has return 30% in last 12 months $1.6MM home with $750k mortgage for interest deductions Living expenses $250-300k year $30k annual pension not inflation adjusted. 2 kids off the payroll

[@earlyretirementari]

Thank you

[@METVWETV]

Your living expenses are off the chart. I'm in a similar financial position as you and live rather "Large" on half! You either like your Toys or Vacations (Or at Gambling problem???......Lol!) PS I'm in NY, a HCOL location

[@marc3oh]

@ i enjoy life and could live on half but choose not to.

[@MewChung]

For the couple with a high 401k, how about using 72t to withdraw for necessities? If you have a very high 401k/IRA that may push you to a high tax bracket come RMD, wouldn’t it be better to withdraw from 401k/IRA and pay at a lower tax bracket than withdraw from a brokerage account? What scenarios would 72t make sense? Most videos talk about 72t being the “LAST” resort. I’m thinking it maybe good for tax planning.

[@funschatz1]

Ari, may I ask which is a better indicator for success, the Monte Carlo probability of success percentage or the withdrawal rate? When I play with the Right Capital software I have a withdrawal rate thats fluctuates between 5.7% and 3.9% but my Probability of success score shows 67%. If I a make adjustments to get my Probability of success rate up to 83%, my withdrawal rate ranges from 4.4% to 2.7%. Any insight would be greatly appreciated. Thank you.

[@earlyretirementari]

Withdrawal rate - this dictates retirement success! I wouldn’t focus on probability of success near as much.

[@patienceisalpha]

3:30 they can, 10% penalty 😅

[@utsavratti]

What’s your perspective on the recent strategy paper from Goldman Sachs stating, “We estimate the S&P 500 will deliver an annualized nominal total return of 3% during the next 10 years (7th percentile since 1930) and roughly 1% on a real basis.” This paper was published 10/18/2024 and quite frankly turns my early retirement plan upside down. Would be great to watch a video with your perspective. Even with a diversified portfolio, this makes the prospect of retiring at 48 scary.

[@johngill2853]

That was the median prediction. International,mid/small cap and international have higher estimated returns by Goldman Sacks