4 Retirement Planning MYTHS Ruining Your Retirement Plan! 🤯

Рет қаралды 6,207

Jazz Wealth Managers

Күн бұрын

Пікірлер: 45

@Jazzwealth 4 ай бұрын

Thanks for watching! What other myths have you seen out there that people fail to plan for? Let us know! 🙏

@LamayaPinkney 4 күн бұрын

I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

@Treytreybanzz15 4 күн бұрын

I know this lady you just mentioned. Evelyn Infurna Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Evelyn Infurna has demonstrated expertise in investment strategies n has been involved in managing portfolios and providing guidance to clients.

@MommyEdwin-o3j 4 күн бұрын

I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here

@LamayaPinkney 4 күн бұрын

Use her name to quickly conduct an internet search.

@LamayaPinkney 4 күн бұрын

SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

@LamayaPinkney 4 күн бұрын

Infurnaevely1 she’s verified

@Ethethis777 4 ай бұрын

I miss your daily updates. I hope you'll resume them next week, as they provide a very educational recap. Thank you!

@Jazzwealth 4 ай бұрын

I appreciate that! The Closing Beat will absolutely be back soon! Promise :)

@WesleyClements 4 ай бұрын

Sad month it’s been

@Kevin-fh5ci 4 ай бұрын

One thing you should have covered with myth 1 is SSA life period tables. I’m going to trust what an actuary says more than anything else. And your life expectancy changes based on your current age based on historical data.

@J.woltz48 4 ай бұрын

In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a CNBC podcast. I'm wondering, what could be the strategy for such returns?

@fromthebirchwood 4 ай бұрын

Find quality stocks that have long term potential and ride with those stocks. As a regular investor, I have found it takes someone who is very familiar with the market to make such good picks.

@arlenehill4ril 4 ай бұрын

Agreed, opting for an advisor is the ideal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with one for a while now, and my portfolio has surged over 120% since early last year to date, summing up nearly $1m.

@okaydamian 4 ай бұрын

@@arlenehill4ril please how can I connect with your advsor? I am 59 and have my money scattered around, need to be moving faster towards stable retirement

@okaydamian 4 ай бұрын

impressive gains! how can I connect with your advsor please? I am 59 and have my money scattered around, need to be moving faster towards stable retirement

@arlenehill4ril 4 ай бұрын

Can't divulge much, I take guidance from ''Karen Lynne Chess'' and most likely, the internet should have her basic info, simply research.

@Scott-xf5xb 4 ай бұрын

Use 90 for longevity. Make sure you are not eating dog food as an old goat.

@swamprat9018 4 ай бұрын

Thank goodness for the replay button because the first time I watched, I was so distracted by Errorics tan line on his forehead wondering is that from a head band or tiara.

@keithmachado-pp6fv 4 ай бұрын

I bought a 20 year bond 3 months ago paying 4.75% with a YTM of 4.86%. It was below par at $98 and now it’s over $103 so the gain is more than 1 years interest. My 3 month gain with accrued interest if I sold now would be 10% (40% on an annual basis). The issue is that I now need to replace it and current bonds are at 4.5%. If I hold I could gain more as rates decline but that will just mean replacing with even lower yield. Holding to maturity guarantees a decrease back to par.

@ralphparker 4 ай бұрын

On Myth 4, Volatility: Bonds (i.e ladder) vs bond funds. All you volatility is in the funds if you are holding any bonds in bond ladders to maturity.

@brucesmith6868 4 ай бұрын

Thank you Boys good info as always, if they cant take the joke as a joke then they probably should stick to a saving account. Ha ha

@LLoydwng 4 ай бұрын

I though youtube stop recommending me closing beats. I hope you guys didn't drop this one

@Jazzwealth 4 ай бұрын

No no no! Things have been beyond busy but we will be back soon with the Closing Beat!! Promise :)

@Bum_Hip 4 ай бұрын

Sounds like retirement is much more simple in every other leading economically advanced country, other than The USA. Have to admit, I’m jealous of their healthcare costs, and systems.

@ralphparker 4 ай бұрын

For longevity, For some one my age, I like to use average plus 1 sigma standard deviation.

@jimjohnson7237 4 ай бұрын

Big fan from Muncie here.

@Jazzwealth 4 ай бұрын

We're in your backyard tonight! Appreciate you watching!

@rep4293 4 ай бұрын

Where is the closing beat!!!?

@Jazzwealth 4 ай бұрын

We will be back soon!! Promise!! :)

@toddliveringhouse5808 4 ай бұрын

Classy.

@marcohare5782 4 ай бұрын

For bonds vol comparison why did you choose 20+ year bond fund? Yes we know long term bonds are highly volatile. I suspect most people would be short to intermediate term bonds.

@barrymorton4268 4 ай бұрын

glad I went by the Walgreens before I saw this :)

@Jazzwealth 4 ай бұрын

At least you weren't in one when you heard it 😅

@chasedavidson2855 4 ай бұрын

Good joke I approve

@Jazzwealth 4 ай бұрын

The antenna one, right? 😅

@johngill2853 4 ай бұрын

It's not a myth most people pay less taxes in retirement Most people will pay less taxes in retirement. Have you seen the median retirement savings in this country

@Jim-mz1cf 4 ай бұрын

I agree with you, but I would guess that the majority of people who watch financial videos on KZbin are not like most people.

@johngill2853 4 ай бұрын

@@Jim-mz1cf maybe But life happens and having a higher tax rate takes a lot because you put the money in a traditional at your highest marginal tax rate and you take it out starting at the lowest tax rate

@Jim-mz1cf 4 ай бұрын

@@johngill2853Assuming tax rates don’t go up I would agree with you, but I anticipate rates will go up so there will be people with lower incomes paying higher tax rates. Only time will tell.