You CAN Retire On LESS Than You Think

[@LesterHess-t1x]

As a soon retiree, keeping my 401k on course after a rocky 2024 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.

[@wmwoods-l4f]

The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

[@j.ottinger]

Having an lnvestment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know

[@karitanaw]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@j.ottinger]

My financial advisor is Annette Marie Holt” I found her on a CNBC interview where she was featured and I reached out to her afterwards via her website

[@karitanaw]

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

[@jynaemiller1170]

🗣🔊..Azul... I love your content....my only complaint is that a lot of your video's has distracting background noises. 😫

[@DerraKormino]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[@winifred-k9e]

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

[@LUCIASMITH-d1z]

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

[@richardhudson1243]

No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded a much better % from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.

[@JacobsErick-u8r]

That's quite impressive! I could really benefit from the expertise of these advisors; my portfolio has been performing poorly. Who is guiding you?

[@richardhudson1243]

Melissa Terri Swayne is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@susanalexander4683]

The dishes clanking in the background were very distracting.

[@Richard-ht1qk]

I think his wife is trying to send a hint 😅

[@JasonEDragon]

Didn't bother me much at all.

[@darrenw.taylor2084]

@@Richard-ht1qk LOL...I thought the same.

[@Pierce_2525]

No money dishwashing ASRM video.

[@tmanilla85]

Honey I'll do the videos you make me a sanwich

[@Jamaal67i]

I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement

[@Peterl4290]

Now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.

[@sabastinenoah]

A lot of folks downplay the role of advlsors 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...

[@jerrycampbell-ut9yf]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@sabastinenoah]

My CFA Annette Christine Conte ’ , 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.

[@jerrycampbell-ut9yf]

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@Diane-c7b]

A lot of news have been going on about a significant crash post election rally, urging investors to be on the lookout for discounted stock. Any idea which stocks to put on my watchlist?

[@SkepticalMechanic-l9x]

the market has been a basket of surprises lately, it's better to abide by professional guidance

[@Too-old-Forthischet]

Such uncertainties are the reason I don’t base my judgement on a ''heresay'' 2020 had me holding trash stocks, but thankfully revamp my portfolio through the aid of a pro before seeing significant gains. To date, I've scaled up nearly 320% ROI. it's been 4 years and counting. I and my advisor are working on a 7 figure ballpark goal and we're not far.

[@americanopinions]

good gains! does your advisr work with any specific persons? I once saw on the news folks that made fortunes from the Dotcom crash, as well as the 08’ crash and I’ve been looking into similar opportunities in this present markt

[@Too-old-Forthischet]

There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with ZAREEN GRACE CHURCH for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.

[@BrianMattews-i7t]

glad to have stumbled upon this, curiously inputted her on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal

[@johnnyboyvan]

Finally a positive video...lol . Fear not I retired on less than my former salary and am doing well beyond fine. 62k after taxes and adjusted for Inflation.

[@jonathanfoster2263]

I actually dramatically over estimated my retirement budget. based on my early retirement spending I should be able to live off of my social security comfortably in few years when i take it.

[@ChuckHolland-i4b]

Good for you!!!

[@TM-li7bl]

What makes your life style in retirement is the income!!! Some people have pension and SS! That’s the best!!!

[@renemontenegro6143]

I retired overseas and live like a king with peanuts and love it !

[@pathslesstrampled9906]

Where did you retire to?

[@renemontenegro6143]

@pathslesstrampled9906 Can't say my brother

[@borisdodgingbullets]

Exactly! That’s the answer. I’m in Porto, Portugal. My expenses are less than $2,000 per month in total!

[@wongthong7]

I think in Asia where costs living is so cheap

[@renemontenegro6143]

@borisdodgingbullets NICE

[@pathslesstrampled9906]

I actually don’t mind the noisy dishes so much…feels like we’re friends of Azul’s, over at his house while his wife gets Christmas dinner ready

[@paigeandhenriolanie1691]

When I thought about it in terms of ‘stuff’ vs ‘freedom’, I quickly realized how little I could live on. I saw George Carlin’s routine on Stuff, when I was about 6 yo. I saw the treadmill of trading your life for things. I’ve always lived beneath my means and saved whatever I could. Good thing I did, because after being diagnosed with Multiple Sclerosis at age 30, I knew my money making days were limited. I’m happy to say I retired at age 50. And I wasn’t a big corporate executive either. I was a civil servant. So take from this what you will. It’s mostly about choices along the way and finding good information so you make good decisions. Azul, thank you for carrying the torch and providing great information.

[@hump1953]

I have been retired 8 years starting at 63 and could have retired much earlier , I sometimes regret not retiring earlier and moving abroad…

[@jalferrer7973]

What was your reason for wanting to retire abroad? And what prevented you?

[@hump1953]

@@jalferrer7973 @ lower cost of living, experiencing different cultures, warmer weather( I don’t enjoy Minnesota winters) meeting younger women….Financially I could manage all this very well…among my fears was being alone abroad in a foreign country, getting seriously ill in a foreign country, missing my friends and relatives ….

[@HeidiPerkins-l1z]

I would think what you need to retire is based on where you live - I never see any of these studies incorporate that factor. Of course your habits and what you like to do and how well you budget, etc. etc. also make a difference but that is at individual level and we make assumptions about that for ourselves. But the cost of living based on location is a universal factor.

[@puru2652]

Person making background noise apparently doesn't care much about Azul's videos!

[@nevertooblank]

Love the data but could not finish watching the video with all of the noise coming from the kitchen.

[@marktapley7571]

Home equity should not be factored into retirement wealth unless you are desperate because you probably do not plan on moving out into a tent and houses can be real hard to get your money out of in a bad downturn. If you only have a million dollars in liquid assets, using the prudent 4% rule that will throw off 40,000 dollars per year. Depending on the socialist security income of you and the old lady, both of them may be enough. However what about if there is a 40% market contraction as in 08. Your million is now 600.000. What if one of you croaks. That is why I think (especially with the massive rate of currency depreciation) you need at least 1.5 million to live a comfortable lifestyle in the U.S..

[@JBoy340a]

I agree about the home equity not being included. You need to live someplace.

[@amy2284]

Yes, Azul differentiate bet worth from retirement account. But, the definition of net worth is what you own minus what you owe.

[@RyanBerich-u1w]

Home equity is a great asset for retirement. It provides free housing while you live in your home. It will fund the down payment into a retirement community. I am not saying it’s critical for a successful retirement or that it is the best option for everyone but it is part of my plan.

[@jkconner9636]

Many seniors sell their current home to down size for retirement. That’s our plan. Don’t want (or need) to maintain our current 4800 sq foot house. The equity will allow us to pay cash for our retirement home & have no mortgage.

[@marktapley7571]

@@RyanBerich-u1w Free housing? Someone gave it to you? You don’t have property taxes, maintenance or insurance?

[@miken7629]

I can give a recap from this past year for comparison. I have $2.5 million (100% in income investments) which generates $128k in interest/dividends a year. This past year I only used $33k of my income + Social Security as living expenses & taxes I live as a minimalist, drive a 20yr old truck and have no debt.

[@JBoy340a]

What do you classify as income investments? Rentals? Dividend paying stocks?

[@fdm2155]

I'm expecting to do something similar. Setting up rental units to have something that will keep pace with inflation. Also, moving from a HCOL area to a LCOL area. I don't expect to need than about $4K per month.

[@miken7629]

@@JBoy340a I invest in Treasury Money Market, CDs, Bonds, Dividend Stocks, and Closed End Income Funds.

[@Carnegiered52]

I strongly suggest earning and saving as long as you can before pulling the plug. You’ll sleep better if you hang in there another year or two. May you all find inner peace.

[@nirui467]

I think one thing people don’t co side is that if one partner/spouse passes then you no longer have 2 social security checks. But great topic, I think fear tells us we need a lot more to be comfortable in retirement than the reality.

[@lkd06]

Please don't record when there's background noise

[@GaryCruz]

Love your content but please invest in a Shure SM7b microphone or film in your walking closet for no distractions

[@WealthyChronicle]

Love the point about balancing financial security with enjoying your health while you can. It's not just about the money, but also about the time we have to enjoy it! 🌞

[@p1pepper]

One more time without the background noise ?

[@timmartin4442]

Azul, please ask someone to stop doing the dishes while you’re recording

[@Lealelan]

It's all about costs we carry into retirement. Some of us will unfortunately take a mortgage with us into retirement. Some of us have disabled children we will support. So many variables when looking at what we need to retire comfortably!

[@chriscoccia2353]

I really enjoy your videos! I kind of like the dishes!😂

[@davidcuervo1734]

Excellent video! That chart around the 8:20 mark just confirms my decision to have the option to retire at 59.5 if I choose to. At my current trajectory I will probably be in the “medium wealth” category according to that chart, and possible just into the next higher category. Either way, I am not going to waste away my “go go years” by embracing a scarcity mindset and “fear” of running out of money. Reading the book “Die with Zero” in the summer of 2023 reality put many things in perspective.

[@johnbruenn8755]

It’s all about keeping your monthly expenses low and staying out of debt. I just retired 3 months ago. We are selling our house and moving on to our boat, which we have used as our weekend condo for the last 6 years. We love our boat. We will be traveling on it. Besides the diesel fuel, our living expenses just got whacked big time. Living large on nothing.

[@denialma]

The encouraging and critical message of the video is being overshadowed by the background noise. Pls consider many will click off especially if listening on headphones. Re-record?

[@brl6219]

If you have the same amount you retired with 18 years later, isn’t it like your money has dropped by about 50% as inflation has decreased the purchasing power of those dollars?

[@shannonhutchinson4084]

I will have SS, Roth, pension, TSP and a separate retirement account. I still worry and play catch up. I don’t want to have less annually than I do now.

[@huskerjpg]

Get out of debt! Get out of debt!

[@jcm9356]

Great advice.

[@tjava2338]

People in my neighborhood are losing their homes because they can no longer afford. Less than average home values...blue- white collar mix Health costs and inflation are crushing retirees who think they can live cheap. Others homes are falling apart with no money for proper maintenance.

[@tscoff]

I’m single and my projection is that I’m going to have $25,000/year from Social Security and another $14,000/year from my pension if I retire at 65. A total of almost $40,000/year isn’t bad, but it won’t support my current lifestyle. I can move to somewhere with a lower cost of living and move into a house or condo that costs much less to maintain than my current house costs, but I don’t want to. I want to live! So I’m saving and investing for a comfortable retirement on top of my pension and Social Security.

[@stephencullum8255]

A pension changes the calculation a lot. I know people who retired on just on social security. and doing ok. A lot of that depends on living in a less expensive part of America.

[@RyanBerich-u1w]

Also the details of the pension can make a huge difference. I have a small pension which would barely make a difference but it came with healthcare. It made retirement at 59 possible.

[@stephencullum8255]

@@RyanBerich-u1w My pension came with health care too. It made it possible to retire before age 65.

[@gottafly30]

I agree with you, and I have clients that are worried at a million $. but after 30 years, i've realized the greatest determinant of financial success in retirement is spending habits. people who were responsible with spending when working tend to fare pretty well no matter the nest egg, people who weren't have a tougher time no matter the nest egg. good luck with the channel.

[@happylistener4628]

Bingo!. Exactly. Well said. I appreciate you. God 1st, always. Happiness is innate. A retired woman(Boomer) here. Happily Debt free. Not broke. Not struggling. No regrets. No stress. Living frugally and a minimalist. Always a saver. Not a spender.🤑 Earned a good income and Saved/Saving my hard earned money.💰 Don’t need $1 million to live comfortably. I’m fortunate to have my employer matched and unmatched retirement accounts, high yield savings, CDs and emergency fund. Not to mention collecting my well earned Social Security benefits I paid into for decades. So I’m set. Even as a retiree I joyfully and successfully saved an additional $20K. God is providing.😊 Today our family of retirees is gratefully blessed, thriving and enjoying a well earned comfortable retirement.

[@rodrigok1220]

My biggest thing is when I retire, I want to have enough to not have to re-enter the workforce due to need. Having your house paid off with little to no debt, I’d agree. However, the wild card is inflation and government taxation. Those are some unknowns… I’m sure there’s others as well.

[@bdflavors1347]

How much did you retire with? That would be very helpful to know.

[@clayhenss4687]

Brought to you from the world’s noisiest diner.

[@johnhartley3022]

Im comfortably retired with a modest pension, not taking ss yet, been debt free since i was mid 40s. Barely touching my ira and once i get ss probably wont touch it at all. Biggest expense by a huge margin is taxes and insurance. Just dont buy stuff….you dont need it. Enjoy life and your money when you are young cause otherwise the nursing home and healthcare racket are coming for it in the end

[@Mike-mc8tj]

@johnhartley3022, thanks for the info. It’s so good to hear feedback from others like you who are already retired. I can see how insurance and taxes would add up. I do have a question: Is your health insurance as high as you thought it’d be?

[@johnhartley3022]

@ still have family health ins for my kids….same price for one as it was for four so my insurance cost are the same plus whatever yearly increases i get. Got another 14 yrs of that

[@Mike-mc8tj]

Good to know, thanks. That’s my biggest concern, but it’s 8-10 years out for me. Best of luck to you.

[@888strummer]

This is not a good video because there is no discussion as to where someone lives. But much of how much someone needs to retire depnds on WHERE they live. Some states are much more expensive than others with some states costing double for most expenses. And People who live in big expensive cities need a great deal more to retire than people who live in small towns; even if they live in the same state. So this isn't a very good video to ignore location

[@RyanBerich-u1w]

Perhaps a future video could be to compare what type of retirement could be possible with a set amount of savings in a few different places in the country. That said, there are dozens of factors that make each case different. We should all create our own spreadsheet and weigh different options. My spreadsheet includes columns for all the different types of income and expenses by month until i am 100. I factor in a vehicle purchase every 7 years, the month the mortgage is paid off, major home repairs and so on.

[@RyanBerich-u1w]

@ While some areas like California are extremely expensive and unaffordable for those without huge incomes, Many areas on the east coast have relatively high cost of living. The areas with high cost of living also have the hospitals and other resources that are needed in retirement.

[@kevinfestner6126]

1.5 million?!? What's soooo wrong with 1 million and working a seasonal side hustle of say 5 mos, Dec to April bringing home, let's say, after taxes, 25,000 bucks to supplement the million, and yes, still contribute 6 pct for the 401k match, just in retirement, until 73? 5 mos of work will add perspective, variety in the year. Is this unreasonable?

[@Carnegiered52]

I kept waiting to hear “order up!” In the background.

[@andrewrivera4029]

Yea 2.3 mil net worth was my number so I retired at 53 years young, 6 years later my net worth is 3.0 mil despite spending 500k…

[@EG-iu4ok]

purchasing power is less . that’s why inflation need to be controlled

[@scrappylifter8318]

Perhaps film in another room that has a closing door?

[@deelehey2827]

Very sad that many people’s retirement net worth is less than $500,000.

[@samuelhenery]

You should try to record some place that doesn't have a lot of clattering of dishes in the back ground,

[@hahamasala]

I agree that it's a little distracting but it's free content. He can do whatever he wants at his convenience and we should be thankful.

[@OilPainterE]

i enjoyed the kitchen sounds in the background. warm cozy home!😊

[@loriburton7374]

I just found your KZbin channel...l'm hooked! But, please, the background noises are very distracting, it's taking away from your content.

[@nicstevens6499]

Azul.. Please tell me that is not your wife making all that noise in the background for the love of god... Please stop doing videos where there are people making noise and trains and all the other distractions...

[@roriesteiding6893]

The noise is barely audible and has no baring on the essential content shared. No complaints here - thank you for the valuable info. 👍🏼

[@shoppersdream]

Over $24K goes into rent so I'm unsure if a person can live comfortably with $500K. You don't know about the Stock Market. In the blink of an eye, your $500K can lose 30%.

[@johnbelt5204]

You may be able to retire on very little, but how well can you retire? Im not interested in living under a bridge and eating out of garbage cans....

[@HernandoHonorina]

Great content, as always! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

[@kauaiboy5o]

Nooooo, I want to retire with more and more and more with what's left of my healthy life!

[@bcusaaus4749]

Like other comments, I stopped due to that background noice.

[@vsFY2023]

Sounds like someone getting ready for dinner in the background. Had to stop listening half way through

[@dkstudioart]

I retired with about 900k 5 years ago, have over a million now. Just don't out spend your investment growth.

[@Kin-28-8]

Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

[@berniceburgos-]

Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, it’s advisable you work with a financial advisor to help set up a well-structured portfolio.

[@Grace.h-t8o]

I agree. Based on personal experience working with a financįal advisor, I currently have $2 million in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@Lewistonwilliams-f5i]

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.

[@Grace.h-t8o]

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

[@Thompson-e7h]

I searched her full name online and found her webpage. I emailed to make an appointment to talk with her; hopefully, she gets back to me.

[@tyfredrickson5426]

thanks for not wearing this spotie shirt anymore

[@timgonzalez6316]

I think your wife is mad at you.

[@Marilyn-np2xh]

😂

[@GUITARTIME2024]

Mels Diner all the sudden? Tell the noisemaker to hush.

[@JSMZeez]

Hey Azul, who would you recommend in the Orlando FL area?

[@andrewrivera4029]

Stay out of Florida, check out Arizona.

[@BigNoseDog]

Please find a quiet room to record your videos.

[@seymorefact4333]

😂 just eat dog food and take a bus.... your be doing very well.

[@stevemorrisanamericaninasia]

More is better than less. Figure $2M minimum - post tax. 401 a scam as a good chunk goes to the man ...

[@csick11]

What are u smoking on? 401 isn't a scam. Taxes aren't bad on 401.

[@stevemorrisanamericaninasia]

@csick11 At least a third "minimum" is lost to taxes. Roth much better... Please don't be dumb as take time to educate yourself Mijo ...

[@csick11]

@stevemorrisanamericaninasia no that's not the case. Let me point out the benefits of 401! Pretax is a big advantage. You get more take home pay to invest in a separate roth ira account. If you are over the income threshold. Investing into 401 just might put u under the income threshold for u to invest into a roth. A brokerage or individual account. Those funds may have more vesting options over a 401k but you Investing with money that's already been taxed. Capital gains will also be taxed, withdrawal will also be taxed! A 401k you only get taxed during distribution. You can lower your taxes during retirement by conversion annually instead of all at once. This also count as earned income. So your eligible to contribute into roth ira while being retired.

[@csick11]

So don't discount the power of 401 employer matching

[@stevemorrisanamericaninasia]

@@csick11 Roth much better. Do the math ... Taxes surely will rise and Gov't will find more ways to expunge - especially Demorats ...

[@sethdewees1101]

For all those complaining about the background noise, I hope you're better able to focus in your employment...maybe you wouldn't need these videos 😂!