He Retired at 60 with $800k and Now Regrets It

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*431 {Hammad}[NE] He Retired at 60 with $800k and Now Regrets It

[@Tarryma-n1j]

I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love

[@BlackJones-z2x]

Do you invest with a professional broker? I'd appreciate it if you show me how to go about it.

[@Tarryma-n1j]

Thanks to Mrs. Elizabeth Jane Rose time in my life, which had a profound impact on me.

[@CashTerry-g2m]

She is really a good investment advisor. I was privileged to attend some of her seminars. That's how I started my own crypto investment

[@PatrickFogarty-de9dq]

I was skeptical at first until I decided to try. Its huge returns are awesome. I can't say much.I am joyful because it has been in existence since I started in the year 2018.

[@PatrickFogarty-de9dq]

though I started with as low as $3,000 actually because it was my first time and it was successful, She's is a great personality in the states

[@Work.From.Home-Adept-Limited]

It’s a tough lesson to learn that retirement isn’t just about the money 😂it’s also about finding purpose. Many of us need to think beyond finances and consider how we’ll stay fulfilled after leaving work fr 🤦🏻‍♂️

[@rarelycares8416]

Couldn't disagree more, I don't need meaning or purpose to enjoy my life in retirement...just like I didn't need it while working for a living. Unless purpose is figuring out what you enjoy, you really should just be enjoying your life by doing what you like to do. If those things cost money then you need to focus on saving that money or you will not enjoy your retirement.

[@twoweary]

With my lifestyle, I can’t imagine how 800k would not be enough to retire. Really people, if you get around $1500 a month on SS alone, you can have a good life in many warm climate countries, with a fair amount of English speakers to socialize with ( but don’t be a bozo , learn the language!). Anyone who has 800k and regrets retiring has their head screwed on backwards.

[@owenhill-vf7ko]

We retired early. Enjoy giving back to our Community/Volunteering, enjoying our Grandchildren and Travel.. Wife started her SS at 62, I get a Pension will start my SS at 65 1/2 so we can continue our obamacare. We haven't touched our 401k's. Going to NC next month to help rebuild homes for those displaced!

[@trebleboost7]

If you get an offer on your pension, seriously consider taking it as I learned that pensions are life-dependent with limitations and I wanted to have something that my kids could tap into. I took mine and have it silently growing to draw from when I need it.

[@karencrawford2575]

55 years old, looking to retire within 3 years. Met with my financial advisor in November and I am able. Watching these videos reiterates it. I have so many plans....I'll be busy for sure. I have good health and a good attitude. I work by myself, so no work friends to deal with. And therein lies the issue - I'll need to meet people to make and keep social interaction. I fully intend to enjoy the youth of my senior years! I actually feel as if I will want to work part time or seasonally. I honestly can't imagine what not working would be like.

[@mikehawkins4752]

Getting divorced is always a possibility. I got divorced at 59 and didn't see it coming. I'm 67 now and still working to catch up.

[@brianmurphysn]

I’m 55, originally from southeastern Ohio but worked overseas most of my life. I’ve saved $1,000,000 for retirement, but with inflation rising, I’m worried about how long it’ll last. Is this enough, or should I be doing more?

[@richolman6800]

$1M is a great milestone, but let’s be real, retirement today isn’t what it used to be. Inflation alone could cut the value of that in half over time. If your money isn’t actively growing, you could run out way sooner than you expect.

[@ChristianJacquet9]

Exactly. My uncle retired at 56 with around the same amount, thinking he was set for life. Fast forward 15 years, and he had to downsize because healthcare and inflation drained his savings. Seeing that firsthand, I knew I needed a strategy.

[@brianmurphysn]

@@ChristianJacquet9 That’s exactly what I’m afraid of. What’s the best way to make sure that doesn’t happen?

[@sheldongardner3150]

I was in a tough spot too. I got laid off at 36 right after COVID, and I was scared I’d never recover financially. That’s when I hired an advisor, best decision I ever made. She restructured my portfolio, set me up with tax-efficient investments, and today I’ve grown my assets by over 300%

[@sheldongardner3150]

now sitting at $836K. Imagine what that kind of strategy could do for you with $1M.

[@Rottingboards]

Live below your means...be simple.

[@peterlloyd6337]

I'm from the U.K. deciding retirement is like a seesaw with + and - points emotionally, mentally and financially. Its such a mix of factors to think through. I'm 65, started work at 16. It's taken me two years to pass through letting work go...... letting go of my professional career and find a new direction. Find purpose. You can postpone retirement but you can't hold onto time - time waits for no man - when you are mid 60's you may well have 'little' healthy time left....so the other risk is retiring too late where you may have ill health. There's no definitive right answer here - we are all different with differing ever changing circumstances. All I can say is try and settle what's right for you and don't be judged by others for whatever you decide to do. It's your life.

[@FatBobGer]

Crucial: In every year of your life, you should adopt a lifestyle, that you can leave earth without remorse. My friend died at 07:00 a.m. at 12/04/2023 at the age of 53 in a car accident, while driving to his working place. Anything can happen. Most important question before going to bed: "Did I move the things today in the right direction! Was it a good day?"

[@RG-hf4et]

Work part-time if you find it hard to completely retire. This way you maintain connections, keep your brain going, & make a little .oney.

[@memorablerides6807]

I've got 19 years til retirement, I know I'll be busy in retirement. Tinkering with my cars, fixing things in and around the home, car shows, beaches, doing literally nothing, it seems pretty straightforward but I like the idea of test driving a retirement prior to. I'd like to examine that more

[@drumsnbass]

I retired @48 and never looked back. Never needed tons of amusement or trips. That was my ex-. I liked my toys - motorcycles & musical instruments. Now I’m 65, and despite divorce still in the low-mid 7 figures. Life is good. Only regret besides being too hard on my body was marrying the wrong woman.

[@tastyfrzz1]

64 years old. $1.5 M socked away. Health insurance is free this year. I'm kinda figuring out stuff to do. Just did a cruise. Helping at the church kitchen. Gf has more money than me but doesn't want to get married. Might be time for a road trip before going up to the cabin for the summer or her lake place.

[@strothermartin5368]

SS may not be around in 10 yrs I retired 3 years ago. LOVE IT!!!

[@RedEyeC]

That's what everybody said in 1980.

[@DavidHicks-m9y]

Up Yours Everyone!!!

[@user-99.99]

I’m 5.5 months into retirement at age 50. No regrets. Had a few unexpected purchases (boiler went out, treadmill broke, travel for family emergency, etc) but nothing major. I feel better than ever. Hunted a ton this fall. Skiing hard now. I continue to educate myself on economics, bitcoin, cooking, etc. I have my childhood back without my parents to tell me that I can/cannot do. I think that I was born for retirement. The only problem I’ve found is that I never get a day off. 😂

[@prashant381]

Haha..born for retirement. Aptly put. 45 year old feeling the same. Maybe will push myself for another 2..3 years without stressing too much

[@stiglarsen1609]

I’ll be quoting you a lot in the future thanks! “I think I was born for retirement” 🤣 I’m 38 and 4 years in to my retirement, only regret is not doing it sooner 😅

[@lisah336]

I joined a senior center. It has plenty of younger active seniors. I enjoy hearing the stories from the older ones. Finally, the center has a wider range of people than my work group.

[@leoy5314]

Retired at 55. Do I miss my former work/career? Sure, sometimes. Do I regret retiring? Nope. I live within my means. I live comfortably. I enjoy my me time.

[@YTBEN1045]

800k? I'll retire now with that money. I can live a simple life while enjoying my time at the same time.

[@jackbauer9347]

800K ? you are going to be in trouble!

[@davidholgate123]

​@@jackbauer9347How can you make that assumption when you don't even know the age of that person lol?... I know someone who retired at 55 on just 350k!... He just drawed down 10% each year while his pot made 5% so the pot went down about 5% each year... So that meant he received about 35k per year which was more than enough for him and his pot went down about 17.5k per year... He had a fantastic life in his 50s and 60s, travelling abroad often!... That meant that his pot would last 20 years until he was 75 depending on him keeping it at around 5% interest each year which isn't that hard... So that pot covered him until 75 years of age... He would then have his UK state pension kick in at 66 years old and he also had a few other small private pensions to fall back on in his 60s to take him to his 80s... If you think outside the box, you can retire on much smaller pots than you think!... In my opinion, you should be enjoying retirement life in your 50s and 60s when you're still active, not using it for surviving in your 70s and 80s when you can do very little with it and I know so many people who didn't even make it to that age!

[@Will_Central_MN]

(about 7:20) "paying for entertainment to replace purpose" This resonates with me a lot! And it is not something I want to do. At 57 I still don't know what I want to do with my retirement years, but I do know I don't want to pay for entertainment just to fill time. I'll always have my hobbies, now I need to find a purpose for my time. THANKS!

[@paullemiremusic3101]

“We’re paying for entertainment to replace our purpose…” 👍

[@christschool]

Agree, work friends aren't friends, don't fool yourself.

[@captainamerica7076]

Amen to that!

[@Scott-xf5xb]

100%

[@Backyard_Gardener365]

@@christschool I made some really good friends at work!

[@davidobrien3563]

Not all "work friends" are friends but I've made a lot of my life-long friends in the workplace.

[@Backyard_Gardener365]

@@davidobrien3563 same here!!!

[@KH-vw9yl]

Great material every day every time.

[@tubenachos]

This guy needs to get his head checked, I'm ready to see the world with freedom. Life is short man LOL, I'd have only 1000 weeks left to live according to Azul 😁

[@transitengineer]

True but, you never want to out live your retirement savings. Nobody wants to be age 80, with zero savings in the bank. However, I retired 18-months ago at age 63, and life is ... great! (smile ... smile).

[@SandraCox-y9x]

live your life dont look back you worked all your life remember life is short i lost a friend at age 30 went to sleep never woke up and a cousin who got cancer at 22 and died with a 12 month kid get out and enjoy once you hit 65 its all downhill

[@RedEyeC]

Even in the US there are still places that you can make retirement work very well with $800K invested.

[@miketheyunggod2534]

Who says retiring at 60 is early? I retired at 55 and to me that wasn’t early.

[@mrsatire9475]

I was ready to retire at 18

[@maximusextreme3725]

I was ready to retire at birth 😳

[@appleforever6664]

I’m 49, I’ll be retiring at age 60 with a pension. At age 60, I am done! I’ve got over 650+ of Apple shares with an average cost of $99/share. I’m good. Been investing before the 4:1 stock split.

[@MattyLiam333]

Up up up

[@FatBobGer]

write: "... I plan to retire, if I am living then...."

[@jsmdify]

At 61 I know many people who “retired” on a pension. Pensions don’t account for the increase in the cost of living nor can really any investment. Very few have true FU money. The thing I have learned to count on is…count on nothing.

[@transitengineer]

Sounds good and, I retired 18-months ago at age 63. Have a question: assume you are staying until age 60, just to max out your pension am, I correct?

[@Contessa998]

I’m a 64 year old female. I will not retire! Love part-time work

[@markt4605]

Keeping up with the Jones’s is not a winning formula in retirement.

[@ryanc4955]

Or ever lol

[@mjones9088]

What if you’re a Jones?

[@ryanc4955]

@ lol rip

[@gcslade]

Azul, It was great to hear you had a practice in Utah. I totally agree Utah is a great place for outdoors. I was born and have lived in Utah most of my life and just getting ready to retire @ 66. I love the mountains here to go on hikes, biking and fishing in mountain streams and lakes. However, as you know, in recent years, the cost of living in Utah is getting very expensive! Even though I was a high income earner and in the top 5% for savings, I'm not sure I can afford retiring here? There is a housing shortage here due to all the growth and influx of people moving here. Homes and rents have more than doubled in the last 5 years and State taxes are relatively high for retirees.

[@MJ-ge6jz]

Hell with testing. If you going to quit working go balls to the wall !! I retired at 58, regardless of my money situation. I'm not getting any younger and I still need to do some physical work for myself and I figured, if I'm careful, 10 years available? So I live small, in an 8 x 24 tiny house. Rent is low and I can survive on my SS now that I'm 62. Best of Luck !

[@Jane5720]

Who wants to just survive?

[@TheRogerhill1234]

rent? at 58?

[@jeffDwyer1]

I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report

[@Jpoteete]

When it comes to ‘’personal’’ finance/retirement planning, following the steps of a seasoned advisor did the trick for me in just 5 years. Helped turn my capital into a whooping 6 figure yearly returns. My financial advis0r taught me how to determine the ideal savings amount based on my age and earnings. Her decades of market experience have brought tremendous value to my investment portfolio, helping me achieve impressive growth.

[@Dantursi1]

My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience

[@TonyVear-z8y]

@@Jpoteete How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@Jpoteete]

Annette Christine Conte is the licensed advisor I use. Just google the name and you'd find basic info. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@kevinfestner6126]

Salt Lake is an absolutely wonderful with the exception of the winter inversions. I have places in Salt Lake and Las Vegas. I rent out Salt Lake. I thought you were along the Wasatch Front.

[@daverei1211]

I’m 59 and hadn’t been planning to retire yet. However the KZbin algorithm has been sending me these - which makes me think - however not with a 14yo still at home.

[@untouchable360x]

Guess I can't retire until I quit my cocaine habit.

[@miketheyunggod2534]

😳.

[@Rottingboards]

True...maybe switch to selling.

[@mrsatire9475]

Maybe you could travel more: mule

[@kentb906]

Watch out for a fentanyl

[@TheRogerhill1234]

you could switch to just sniff glue !

[@ubiquitousdiabolus]

800k is about 32k a year tax free and with 20-30k in social security at 67, should be enough.

[@YTBEN1045]

@@ubiquitousdiabolus 67?

[@ubiquitousdiabolus]

@@YTBEN1045 just ss, not retirement

[@TheRogerhill1234]

enough if you live in Mississippi !

[@trebleboost7]

I am so glad that my wife and I don't have a lot of 'champagne' taste, and we both have a good sense of purpose. My wife has been retired for a year and is loving it. I am working out my plan right now and we are nearly completely debt free. Fortunately I enjoy my career at the moment, and am technically on course to retire in a couple years, but am thinking about three more years. Great advice here!

[@FilamentFriday]

Working a few more years doesn’t mean you’ll gain enough extra money. It’s more important that you give your investments more time to grow. Working 3 more years allows that $800 at 8% (in SP500 fund) to grow to over $1 million. And he’d still be only 63 at retirement.

[@joescola7498]

Man am I gonna enjoy myself. Cannot wait.

[@stevektx]

So I am 59 and I have 150K saved - I'll be working until I die.

[@WalkDisneyWorld]

Nahhh just till 65…..70 tops. Stay disciplined! Mortgage free and no debt at all you can do it at 65 for sure

[@somethingclever1234]

probably

[@ScooterOnHisWay2024]

Eliminate remaining debt, save what you can and retire outside the US. You will be fine.

[@FatBobGer]

More time to spend money combined with less available money to spend >>>a diabolic bad combination, if someone is not thinking about it. IN my Region a Ski-Pass from September to May (South Bavaria and Pitztal Glacier and Kaunertal Glacier) costs 900 Euros. This ist quite affordable. 100 miles and you are in the Alps.

[@Backyard_Gardener365]

I will be 59 this year, for most part I enjoy my job & I like the mental challenges my job brings. My husband & I can retire today if we want to & still enjoy the same standard of living, however we both choose to work for both the social connections & the mental challenges from work.

[@SK-lt1so]

Same here. A few critical decisions in life, and one is choosing a vocation you truly enjoy and find meaningful. I always feel badly for people who spend their lives literally counting the hours to retirement.

[@mrsatire9475]

Yes, it's important you maintain that job (instead of volunteering) so someone that really needs the money cannot have it.

[@LowInformation]

That's so weird. I'm 43, and I would have no issues retiring right now and never be bored or unchallenged. I cannot however retire until 57.

[@edwil111]

where do you come up with these stories?

[@wheels636]

I retired at FRA a couple months back. I had a bit more than that, but my retirement income with all my sources is still around $14k per month. Azul I live just down the road from you in the South end of the Salt Lake Valley. Is your office still open in Salt Lake city?

[@raiden031]

I really hope that by my 60s i can cut down to part time work and basically maintain that until i start having health issues that make it too difficult. But i dont think I'll ever be comfortable with a lifestyle where my only income is coming out of SS and investment accounts

[@johnlittle8267]

Did I miss it, why did Bob regret retiring?

[@dgun6924]

since he spoke about "test driving a budget", I'm guessing he has champaign tastes on a beer budget ..

[@chrislovell7448]

Azul, I live in SLC. Agree with getting out with your dog on the cheap. Just don't plan on skiing, super expensive and keep getting worse! Most mountain sports are super expensive when you factor in the gear.

[@transitengineer]

Sorry to hear that, "Bob" regrets retiring 5-years ahead of his planned age of 65. Had zero regrets about retiring at age 63, (18-months ago) but, I also had a fully paid-off home in Southern California, no automobile loans, and zero credit card debt. Plus for income, I had my private sector pension, public sector pension, IRA, 401(k), 457 retirement accounts and personal savings. In addition, if needed knew that, I could also apply for my social security. Azul, I have a question did Bob have a pension or just social security? (smile ... smile)

[@TheRogerhill1234]

what about medical expenses ?

[@rvajna]

Invest it in dividend dividend paying stocks and get 40k a year. Live a simple life in the US or a more lavish lifestyle in developing/third world countries. Epats are doing it all the time.

[@steampunk888]

He regrets it because $800k is the new $40k.

[@casper24ism]

It's 84k a year genius!

[@platiusmango7075]

Retired at 54 and never looked back. While boredom is something to struggle with for sure, its infinitely preferable to living every day in a cube.

[@ubiquitousdiabolus]

Being at work is generally boring too. Better to be bored on your own terms.

[@AnnaPinguin]

How can you retire at that age???I do not understand , the retirement from SS is much less and they do not allow you to gain money , I do not get it < I spoke with my accountant and he said that if I do it now I can not collect the retirement , so you guys survive with the money saved until the retirement money comes????is that the way you do it???

[@flaviousmaximus3484]

@@AnnaPinguin - Get a job that allows you to retire with a work pension at 50 or 55.

[@leoy5314]

Ret'd at 55. No regrets. Lots of me time. Rarely get bored, projects around the house, hobbies, reading. Always something to do.

[@platiusmango7075]

@@AnnaPinguin Yes. Got a good education with student loans, worked hard every day for 3 decades, married someone else that did the same, didn't spend money on huge diamond rings or big houses or new cars, saved as much as possible since very early age. Understand, that for most Boomers like me, we grew up believing the Government was so screwed up, that when we hit 62+ years old, social security would simply be bankrupt. That could still happen, given the national debt. Given the rate of inflation, Social security is no longer enough to keep people 'floating'. I would never count on it, or your parents money. Best wishes and hope you can retire soon :P

[@austin2842]

The audio is really quiet. 😊

[@jacobside2656]

Those work friends aren't friends.

[@wheels636]

I know I just retired in December last year. I call them once in a while but starting to loose touch with them.

[@leoy5314]

They can be. I still get together with some of the people I used to work with (a handful). But I get what you're saying. Most "work friends" are momentary or transitory friends.

[@GregoryVincent-d9u]

A few of my long-term friends are people I met at work. When at least some of your jobs have been fulfilling, the people you worked with on those jobs might turn into good friends, if your shared experience of the work was decent.

[@ronmexico5908]

The good old days of getting married and getting paid if you stay or leave is becoming extinct. It’s very important for females to start saving young, frequent and long term. The marriage safety net won’t be there for many

[@kross1261]

I’d like to retire but I have child support $1,300 a month for another 3 1/2 years. I’m 59 with about 750k saved and an annual farm income of about $27k a year pretax rent. Everything is pretty much paid for but every time I run the numbers I think I’m going to have to wait until 62 and draw SS before it makes sense to retire.

[@Oglulubell]

Same. I’m waiting til 62 so I’ll have SS as a buffer. I’ll have to cover healthcare until Medicare kicks in

[@dogegamer3288]

800k isn't a retirement. It's a few trips to Disneyland. Get real and get back to work. If all you have is 800K you are very far from retirement.

[@jimlittle8610]

Why did he regret it? Did I miss it?

[@leoy5314]

Sounds like champagne taste on a beer budget. He only had $800K for the rest of his life.

[@xlerb2286]

I don't care about status symbols, I don't care about spending a lot of money in general, I don't have expensive tastes. My hobbies aren't expensive - oh wait, they are. Bummer.

[@DavidWilliams-qr5yj]

If you can't retire on $800000 plus your social security, you have budgeting problems.

[@mikeyshouseofbrakes8463]

I want to just enjoy what I already have.

[@bluethundar]

So why did he regret it?

[@dgun6924]

just a guess since he spoke about "test driving a budget", I'm guessing he has champaign tastes on a beer budget ..

[@helloharry1418]

If house paid off yes.

[@FatBobGer]

Fo me 65 and 10 months are perfekt, because I am a teacher and I am training for retirement now. 14 free weeks, enough money, a good pension and a paid well maintained condo let me relax during my last 1 1/2 years. I don´t need to relocate, because I live in a very nice region, shooting range is not far away,,,,

[@AnnaPinguin]

How can you retire at that age???I do not understand , the retirement from SS is much less and they do not allow you to gain money , I do not get it < I spoke with my accountant and he said that if I do it now I can not collect the retirement , so you guys survive with the money saved until the retirement money comes????is that the way you do it???

[@leoy5314]

Some worked a job (career) with a pension plus put in a 403 or 457 and were eligible to retire in their 50s. Plus the real sophisticated people knew other ways to invest their money/saving (i.e., rental property, stock market, etc). Some of those jobs included post retirement health care paid by the former employer. Some of those who retired at 50 (or younger) were young enough to work a second career to get vested in a second pension and totally retire while still in their 50s.

[@mrsatire9475]

This whole boredumb and purpose sounds so idiotic to me but I understand, some people are really boring

[@aslskfan1]

What is in it for the divorcing spouse? They would only get half and be in trouble as well.

[@travishimself1973]

Surprised you put golf on the expensive list. I see it as the opposite in retirement. It ticks so many boxes and can be a life saver for social networking. For $1-2k a year you can play literally every day.

[@davidfix9840]

the clickbait and sour face thumbnails make you lose all credibility as a financial advisor.

[@prashant381]

Wow. Says a random guy

[@inteland2734]

This is one thing I warn people about, never live off of savings no matter how much you have. I’ve seen it time and time again. For example a friend received 5 million dollars, a million dollar home, and 250 thousand in autos, another half million in stuff, with all the smaller things. How long did it last? First let’s just say they got advice to invest. They liquidated most assets. This individual was dead broke in ten years. And I see it time after time when they come crawling to me for help. Savings is just that, it’s not called spending. Investing should come with a warning that it has the potential for huge losses. I’m not a financial advisor, I try to clean up the mess after them when all is lost.

[@Bill-vk7fh]

Well, many people can and do live off savings with a sound financial plan, either from a DIY or a CFP. I agree about those who receive large amounts of money and do not have the knowledge to manage it themselves or hire a good financial professional.

[@yhp99]

People who never had the patience to save and invest over a lifetime will quickly waste large sums that are given to them. Most people who went through the process of saving throughout their life, have the patience to live off their savings. Different kinds of people

[@transitengineer]

@@yhp99 Yes, I agree 100 percent.

[@FatBobGer]

A colleague worked at a bank, before he became teacher at a vocational school. His richest klient was a farmer, dressed with smelly clothes, had a nice farm, but not big, worked hard, his only visible asset was a huge 400 hp tractor, much to big for his farm. Some people quietly laughed at him. Nobody, not even his sister, knew his quiet kept secret: He had 30m Euros on his bank account, because of his successful stock speculations.

[@transitengineer]

Retired 18-months ago at age 63 and, I try to never touch my savings (and this also includes my retirement accounts). My monthly expenses are paid using my private sector pension, my public sector pension, and social security. This way my lump sum of $700,000 is able to continue to grow. (smile ... smile).

[@asepigun]

I'm near to 50 now, my saving is about 350k, and I live in developing country, am I ok to retire now?

[@TheRogerhill1234]

no

[@mikemecklenborg5412]

I have $800,000 in 401k, Roth and traditional IRA and want to retire at 65 next year. That's my plans but I have $4200 a month military pension, $1400 VA disability and will get $2025 in ss at age 65 or wait until 67 and get $2300 And my wife has $1400 a month ssdi and converts to SS in two years at age 67. I think we're set.

[@theodorejay1046]

I have zero sympathy for your "Joe" 🙄

[@Sendit201]

60 is not to early imo.

[@Peterl4290]

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

[@larrypaul-cw9nk]

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]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

[@sabastinenoah]

My CFA is "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]

I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.

[@henkdejong9051]

He can become a passport bro and go to the Philippines, Thailand, Cambodia or Vietnam.

[@williamstivelman6314]

It’s nowhere enough money to retire at 60 in 2025. Ten times that amount is barely adequate to live without any concerns.

[@RedEyeC]

In CA or NY. There are some US states that $800K would work well - and even better with SS supplementing.

[@Olivia-v8h8m]

I watch your videos with great pleasure. Your videos are a breath of fresh air.❤️‍🌌👄

[@Emily-x2r3h]

Each of your videos is a little piece of magic. Keep inspiring us with your creations!🍦🏠☀️

[@NewGuy2024]

When OnlyFans BOTs immediately leave comments on your video after posting, you know you have a successful channel. Congratulations Azul!!🎉 🥳

[@charleslash4895]

60 is not early

[@oliviaHill-w4e]

People grappling with the difficulty of meeting essential expenses often encounter this situation due to inadequate savings during their working years. The decisions taken in readiness for retirement carry extensive consequences, as demonstrated within my own family dynamics. Differing investment approaches yielded disparate results. Guided by a financial advisor, I'm currently retired.

[@LesterHess-t1x]

Indeed, that's accurate. I'm currently in my mid-50s. My wife and I were on a similar path until a couple of years ago when I decided to shift my investments to her wealth manager. While I haven't quite caught up to her accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.

[@wmwoods-l4f]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@j.ottinger]

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@wmwoods-l4f]

Annette Marie Holt is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look her up.

[@j.ottinger]

Thank you for the lead. I searched her up and her webpage popped up, and I have sent her an email. I hope she gets back to me soon.

[@RomanVarl]

He could live like a king in Disneyland for adults in Pattaya, Thailand, surrounded by 20-30yo girls ))

[@henkdejong9051]

Yes but don't let them scam you. Too many horror stories of simps giving away their life savings.

[@DavidHicks-m9y]

Where do I sign up?

[@bonefishboards]

Is a $250 ski lift ticket regarded as an expensive hobby?

[@RyanBerich-u1w]

One probably not. 10 and hotels, airfare and so on. Probably yes.

[@stephenabbott7259]

Skiing is such a ripoff. Head to the smaller resorts for a better deal. Avoid any resort owned by Vail.

[@franksmusic2880]

You talk about hiking and fishing, I hope you realize some of your audience lives in the city.😊

[@phillipshaw352]

Hay Azul, what are your opinions on annuities?

[@jivefive99]

You have to have a daily schedule that will fill your day from 7am to midnight, so you end the day fulfilled and exhausted. You dont want any free time that would allow you to lay on your bed and cry all day about how the world really doesnt need you anymore. Not a very bright guy.

[@captainamerica7076]

I love this advice!

[@leoy5314]

I ret'd in my 50s. I kind of have a schedule, but not really. My friends/acquaintances ask me all time "Keeping busy? What do you do all day?" My reply is "I F off all day." ¯\_(ツ)_/¯ lol No regrets in retiring. Happy as a clam lol.

[@fisgrisen1585]

The video frame say 850k not 800k

[@emayhand]

Has anyone here considered retiring outside the US? If so, where and why.

[@ScooterOnHisWay2024]

SE Asia. I've been here over a year. *It is like moving to Hawaii only at 10% of the cost.* The people here are very kind and hard working. The women are beautiful and smart. Many countries to choose from.

[@AzulWells]

Very true. 🏝️ Azul

[@bobcaygeon975]

If the 60 yr. old spent $40k a year, 800k would run out at age 80, seems like pretty good timing considering life expectancies.

[@WeBeatMedicare6969]

Incorrect…you do understand that the 800k continues to grow right?…unless he plans on keeping it under his mattress

[@miken7629]

$800k is short term, should yield around 5% or $40k whick is poverty level income. To last 30 years expect cost to double twice, will fall behind with only $800k and eventually become homeless

[@johnscott2746]

I think it depends on where you live. I made mid 40’s my whole career (adjusted for inflation). And income is not as important as expenses. I’m retired and all-in we are at $38,000 a year for expenses. We usually budget an extra $15,000 per year as a travel budget. It’s worked very well for several years now. I’m 65 and still waiting until 70 for Social Security.

[@getitright321]

@miken7629 Many people are able to retire off of 40k quite well. Especially if they have no debt.

[@MT-qq1rq]

Money makes money. You need to make your 800k making money for you. Invest in stock market, in real estate, whatever. That is the key make your money go to work for you.

[@leoy5314]

Just Googling poverty level in the USA, it says poverty threshold for a family of four is

[@miken7629]

@leoy5314 yeah it is, govt lies about expenses and dollar devaluation

[@baethye-actual]

The volume on all your videos is terrible. It’s always half the volume of other KZbin videos

[@TheIrrationalist]

It's fine to me.

[@HieouyaAgnèsDoyo]

I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated...

[@FederickLeo]

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.

[@DerickSams]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..

[@FederickLeo]

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.

[@DerickSams]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..

[@HieouyaAgnèsDoyo]

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??