5 Signs you're going to run out of retirement money

[@scottjackson163]

Credit card issues: you can pay off credit card balances - some people can - but what you cannot do is escape exposure to the financial pressures that create the need to use credit cards in the first place.

[@johngarceau541]

Great list

[@YourRichAuntie]

Thanks!

[@tonylevine2716]

Great info and one of your best videos! 👍🏾👏🏾

[@YourRichAuntie]

I appreciate that!

[@AgingOnYourTerms]

Love your level-headed advice

[@YourRichAuntie]

Thank you!!

[@michaelperry7871]

Adult children, depending on the parent for support is wrong. Its even worse when the children dont have life insurance.

[@YourRichAuntie]

Why would the children not having life insurance matter?

[@michaelperry7871]

​@@YourRichAuntieThe parents are on the hook to pay for the funeral. Have you seen the go fund me pages for funerals?

[@jip230]

@@michaelperry7871people typically don’t get life insurance policies to cover funeral costs. I wouldn’t recommend one for that purpose only

[@resilientlife7680]

Financially.....Retirement seems a bit Scary

[@Mitzi73]

My plan is to take gigantic withdrawals in the first 6 years of retirement (4 years of expenses at a time) so I can exhaust my tax-deferred account before SS. I will be in higher tax bracket for Roth conversions. I will live off one year at a time and throw the rest into brokerage accounts until I need them. I will tap my Roth accounts in late 70’s or early 80’s. My fear is that RMDs will bankrupt me in old age.

[@YourRichAuntie]

I don’t think rmds bankrupt anyone in old age. If you have enough to be concerned you probably have enough to retire comfortably

[@Mitzi73]

@@YourRichAuntie Are you sure? Can you do a case study on your channel on RMDs? Love your channel.

[@sw6118]

RMD just says it goes from one of your accounts to another of your accounts. It doesn’t mean it disappears.

[@Mitzi73]

@@sw6118 But the taxes still have to be paid on all that extra money. It’s not just a simple transfer.

[@sw6118]

@@Mitzi73 yes, taxes always, but that doesn’t mean the money just disappears which is how some people see it.

[@LiesureSuitLarry]

It's terriifying to know people out there who just quit abruptly and expect to just retire. I guess you can do that if you have a few million in your nest egg, but that's rare.

[@YourRichAuntie]

People often don’t have that much money. There are a lot of people that act out of haste and think they’re going to figure it out later. They take the same view of retirement t

[@rolandosouffrain7957]

I live frugaly. Lol. When i retire i will never run out of money 💰 lol. Right now i live off of less than $50k and i save a lot for retirement. I will need less when i retire. 💪🏾💪🏾💪🏾💪🏾its more about how much you spend.🎉🎉🎉🎉

[@YourRichAuntie]

Thanks for sharing this

[@RM-yn1kz]

Can you do a video on your opinion on a SPIA

[@YourRichAuntie]

Maybe in the future. I’ve done them for clients before and they make sense in handful of circumstances

[@professlch6347]

YIKES! This is cutting too close to the bone, Your Rich Auntie!😭

[@venchenzo4493]

Divorce?

[@graygordon7968]

TRUTH!