8 Money Goals To Hit By Age 60

[@justamanwithbeliefs]

My company paid a consultant to provide retirement classes when I was 24 and just started saving for retirement. The class was called "The Kids Table" and basically their advice was go with a target retirement fund that aligned with your 65th birthday. That was 20 years ago. It is the only thing I've ever invested in. How else can I grow my finance?

[@everceen]

target date funds made me a multimillionaire but i also watched them drop 40% in a very short time and take a long time to recover. my best suggestion is that you seek the guidance of a seasoned advisor to avoid mistakes

[@J.woltz48]

@@andykuzman any recommendations for advisory service in regards to building my portfolio? I don't really know where to start

[@fromthebirchwood]

thanks for the lead, curiously searched Sophia by her full name, easily spotted her consulting page and was able to schedule a call session, she seems highly professional from her resumé

[@tatianastarcic]

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 $380k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?

[@sharonwinson-m8g]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@nicolasbenson009]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@TinaJames222]

I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?

[@nicolasbenson009]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@Vincent-j8u]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@paulwalters7984]

Excellent advice… im 52 and thinking about all our these points .. super helpful … thank you !…

[@Grace.h-t8o]

The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?

[@DhanaPayar]

Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.

[@Kin-28-8]

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

[@Lewistonwilliams-f5i]

bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?

[@Kin-28-8]

I work with Stacy Lynn Staples as my licensed advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

[@Theodorebarba]

Thank you for sharing, I must say, Stacy appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call

[@MrHelsch]

At 59 your 8 goals are most helpful and food for thought and reflection. Figuring out where in the world to retire to and establishing a purpose in my retired life will be the biggest challenges for my retirement. Your clips have been most inspiring. Keep them coming please.

[@jrm2383]

3 years from retirement. I never thought about my stress levels dropping when I retire. Really looking forward to it! Great point!

[@cueoneful]

Money Is Worthless Without Good Health.

[@foreign_agent]

Yes, though good health sometimes has a price tag (health insurance at a minimum).

[@Fredieprayla]

You need money when you are sick

[@PaulStoffregen]

Maybe you stopped watching before 6:50 ?

[@robwhitmore6262]

Love all your advice, Azul. You keep forgetting to post the suggested video you point to at the end. Cheers

[@glasshalffull2930]

After retirement, most of my income fell in lower tax brackets than when I was working. So using the 401K worked for me rather than a Roth.

[@jrm2383]

How can it be better when a Roth is tax free?

[@glasshalffull2930]

@ Here’s the deal. You pay regular income tax at the time you invest in Roth. (So it’s not tax free) If the tax rate stayed the same, investments in a 401K or Roth are actually equal as far as taxes are concerned. However, federal tax rates have been as high as 28% for me at times. (My income was about $150K). So, I avoided the majority of this as my 401K contributions were taken before the fed taxes were applied. After I retired, my income was much less (SS, small pension, withdrawals from 401K) No longer need money for kids/college, house paid off, etc. That and the tax bracket changed, so now I’m only paying a max of 12% federal. Now, if I moved to a state with no income tax (Florida), then I would be another 7%+ ahead of if I had had a Roth. However, if you think you’ll have multiple millions in your 401K, then you’re going to have Required Minimum Distributions (RMDs) in your mid 70s that could push you way up. Proponents of Roth are betting that the tax rates will be higher in the future. So, it all depends. Hope this helps! ***There is an advantage to Roth in that you can withdraw your ‘contributions’ at any age and this might allow you to retire early. Roth earnings generally you have to wait to 59 1/2. 401K ism also generally 59 1/2.

[@Rick-Upton-San-Jose]

​@@jrm2383 Let's say your tax bracket is 22% when you're working and have a 401(k) and you invest $100 from your paycheck into your pre-tax 401(k) account. When you do that, you pay no tax on that $100. Then, let's say when you retire and withdraw that $100 (assuming no earnings) your tax bracket is 12%. You pay a 12% income tax on that withdrawal, and are left with $88 to spend. Now going back to when you were working, let's say that instead of investing that $100 in a pre-tax 401(k) you invest in a Roth IRA. That $100 will be taxed at the 22% rate, so now you have $78 left over to invest in the Roth IRA. Later, when you are retired and withdraw the funds tax-free, you will have $78 to withdraw and spend instead of $88. So, if you are absolutely sure you will be in a lower tax bracket when you retire, it's best to invest in pre-tax retirement accounts such as a pre-tax 401(k). If you are absolutely sure you will be in a higher tax bracket, then it's best to invest SOME of your funds into a Roth account so that when you're retired and have both pre-tax and Roth accounts, you can withdraw funds from the pre-tax accounts up to the top of a low tax bracket, and then withdraw the rest from Roth accounts.

[@glasshalffull2930]

@@alphamale2363 The 24% bracket goes to $394K, so at those amounts I can pull the next decade and still be below the rate I would have had to pay if I did a Roth.

[@chessmaster1115]

The Roth would put you at a lower income bracket than the traditional 401k if it were pre tax money because Roth not count as income on taxes.

[@buckybarnes3803]

You are a machine Azul

[@niciassmith1204]

Your expenses don't magically go down when you retire. If you take a 25% cut on expenditures it will be very uncomfortable and you can't really go anywhere or do anything or make any big purchases. If you don't have $1 million at least to draw $40k a year and maybe at least an addional $100k for checking, savings, emergency fund then retirement isnt going to be fun and you're going to be worrying if you have enough. You also don't have money that you can use to invest in real estate or try some venture that has more risk. $1 million plus a paid off house that's in good shape should be the bare minimum goal

[@dennisbennett7274]

One of your best videos. Thanks for helping all of us!

[@Sanjuro806]

Appreciate your words of wisdom and your content as always!

[@Alex-jx5bx]

Happy Thanksgiving 🎉

[@Legolover403]

Hi Azul, I’m 52 and loving your videos as they help me and my hubby prepare for what’s ahead. On a side note however, I see your videos are mostly outside and I’m hoping your wearing lots of sunscreen Everyday!! In this video in particular I saw how red your face was those freckles could be something more. Wear sunscreen SPF50 daily and get those annual screenings. Your friend Vicky

[@laundrygoddess4]

He's 59 years old. He doesn't need a lecture on sunscreen.

[@GotGracexxxxx]

@@laundrygoddess4 Why? Because he’s already into an age bracket where he should expect to get skin cancer? Silly. Sun exposure is harmful, trending toward deadly, so unless you’re a climate denier, it’s sound advice.

[@movdqa]

Most of the people I know in retirement don't have a number nor did they ever. What they are doing in retirement is growing their net assets because financial income outpaces living expenses. It's a completely different mindset than spending down assets in retirement.

[@Anessa-gibson]

Nobody is asking the right questions. I'm worried about retirement and want to maximize my savings. I've tried various investments that didn't work out as I hoped, and now I'm unsure whether to invest in the stock market or index. Any recommendations would be appreciated.

[@Raniyanhunter]

The stock market is likely the best smart investment. However, if you are thinking of investing in the stock market and you are not well versed, its advisable to work with a financial advlsor who is an expert to guide you through the process. this way you could make more profit with less risk

[@Mlanderos-t9e]

The truth is, the role of an investment special can often be overlooked but should never be underestimated. After facing a significant portfolio loss in 2020 during the COVID pandemic while trying to manage my investments on my own, I decided to reach out to an investment specialist. At that time, I had about $126K left in my portfolio. Now, without having to lift a finger, I'm semi-retired, working only 7.5 hours a week, and I'm just 15% short of my $1 million retirement goal thanks to my subsequent investments.

[@garnold-l5p]

Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have some money to test the waters now that large cap stocks are at a discount... Thanks

[@Mlanderos-t9e]

My CFA, Laurel Ann Watkins, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@garnold-l5p]

I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thank you so much

[@Carnakr1]

Principle protection becomes a lot more valuable as retirement age approaches.

[@Atwater20]

Good video, Azul. Thumbs-up for you on this one.

[@AzulWells]

Thanks for the thumbs up 👍 Azul

[@johnmoore3479]

Nailed it!!!!!!!

[@GotGracexxxxx]

(4:00) Stop talking about allocation as being “stocks and bonds.” You point out that real estate reduces the income that your portfolio must generate, but you don’t encourage real estate investment?! And if you want to protect against portfolio downturns, buy put options to hedge against that result. It’s no different than buying insurance to protect any other asset, and a helluva lot more pleasant than tightening your belt when your portfolio drops.

[@Growing-Our-Retirement]

My number one problem with financial planners, they don’t understand real estate. One paid off 2 family, condo, or even a single family can provide you with more income each month than your SS. Great way to diversify and an excellent hedge against inflation. 2-3 good properties could be an entire retirement!

[@smart-k2b]

Thank you so much for this amazing video! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@sicarguy4478]

Azul ....Happy Thanksgiving..!!!! Appreciate your Videos

[@mplslawnguy3389]

The background music is weird and very distracting.

[@helomech1973]

If you have a guarantee income that more than covers your needed living expenses do you believe you should still be conservative? I am have a very aggressive investment portfolio, no bonds.

[@jontaylor3169]

Sounded like good info. I couldn’t listen due to the background noise

[@jasonjstdr]

Watch out for scammers in comments. Sketchy people ask for specific information in KZbin comments.

[@MagdaleneM-f3q]

I own 2 laundromats in low income areas. I work about 25 hours a week and gross about 240K a year. whilst working with an advisor like Julianne Iwersen Niemann. I used to work in Sears repairs,, so I saved money by fixing my own machines. Believe it or not, the soap detergent vending machines bring in a good amount as well. Trust me starting and maintaining a profitable business starts with properly managing your finance.

[@GhanYt]

Laundromats are easy to operate...I know this lady you mentioned. I bought a laundromat from a friend many years ago who retired overseas. Repairs are costly. Try to at least learn the basics. I have bill acceptor machines to exchange for tokens, much better than counting and hauling quarters . My locations are near low income housing and apartments, which are very good for business.

[@bahijarhafiri]

I owned 3 laundromats in SF. The biggest 3 issues? The Lease, the lease and the lease. Got screwed by two owners that didn't renew the lease. If you own the building, different story. Probably, it will not be bad to work with your advisor

[@PajinakStanovska]

thanks for talking about your situation. Definitely helps a young and desperate poor guy like me to stay encouraged in striving to achieve my first ever owned business ... 240 gr. < - electric, water, mechanical, supplies, janitorial, city taxes, county taxes, insurance, business license heat, cooling costs & misc.. = ? . these taxes really want to make me work with a CFA. so that i can know how to joggle my way through. how do i reach her

[@MagdaleneM-f3q]

Julianne Iwersen Niemann has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you need an excellent collaboration.

[@PajinakStanovska]

Thank you for sharing, I must say, Julianne appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.

[@kambonwilliams701]

Think the Roth is not nearly as valuable as we are told. If you use a Roth, your taxable income will be higher and you’ll have fewer dollars to invest. That means fewer dollars compounding over time and a smaller nest egg. Odds of your tax rate being higher when you’re older is pretty low. The Roth robs you of time which is your most valuable asset in my view.

[@richardhudson1243]

My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $60k to invest. Where are you investing it?

[@HoskinsShanellNicole]

I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

[@mydressmemos]

I’m working towards financial freedom with a focus on dividends & growth investing. Since 2018, I’ve built a portfolio made up of 50% SCHD, 25% SCHG, and 25% VOO, thanks to my CFA. This strategy has helped me earn $36,000 a year in dividends. Back in 2018, I only earned $21 in dividends.

[@JacobsErick-u8r]

Can you share details of your CFA? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

[@mydressmemos]

Melissa Terri Swayneis the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@LUCIASMITH-d1z]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@johnjoe_247]

what did ja say ? my adhd only heard a barn door squeekin ! guess i'm screwed i turn 60 soon.

[@BecomingMillionnaire]

The grinding sound…

[@YouKnowItMang]

You pick some awfully noisy spots to film but love the content!

[@raymond-i2v]

People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.

[@Jordan8568-l4u]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@Jeffery-f2e]

It's recommended to save at least 20% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so may ways! She has upscaled my portffolio and even got me reading self help books haha

[@Fred-w7t]

That's an intriguing outcome. How can I contact your Asset manager?

[@Jeffery-f2e]

Stacy Lynn Staples and do your own research. She has portfolio management down to a science

[@briand4000]

scammer! Go away.

[@YaoAnne-j7g]

!I am at the beginning of my "investment journey", planning to put 185K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated..

[@YevaSonia]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@YevaSonia]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@YaoAnne-j7g]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??

[@JoseLopez-lf9rw]

look up her name on the web for her website.

[@YaoAnne-j7g]

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this.