How To Retire In 5 Years (FULL GUIDE)

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Eric Amzalag, CFP®, RICP®
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Disclaimer: Please consult with your own tax, legal and financial advisors for personalized advice. Peak Financial Planning Inc, or its members cannot be held liable for any use or misuse of this content.
#retirement #howmuchtoretire #retirementplanning #retirementplan

[@ThePeakFP]

Have retirement or spending questions? Book a free consultation here: www.thepeakfp.com/free-consultation

[@davidfolts5893]

Great content, Peak Financial Planning; thanks for your time, effort, and creativity in crafting these excellent videos!

[@ThePeakFP]

Glad you continue to enjoy them David.

[@markb8515]

Thanks Erik for another very informative video!

[@ThePeakFP]

You bet Mark!

[@Riffman42]

" You should contribute just up to the match and then put the balance of the rest of whatever you would have saved into non-retirement accounts." After contributing up to the match in a 401k, why wouldn't I top off my Roth IRA next instead of a non-retirement account?

[@ThePeakFP]

You could certainly do that as well. The main concern here is if you don't already have a ROTH account that would satisfy the 5 year rule, then setting these extra funds aside in a ROTH account as a "liquidity" bucket would not be as practical because you would not have met the 5 year rule. But assuming you have done that, contributing the funds to a ROTH would certainly work just as well. A better phraseology on my part might have been "contribute to Post tax accounts".

[@richvillacres2793]

@@ThePeakFPGreat content that a bit contrarian to other CFP I’ve watched on YT. Would you still suggest only funding a solo 401k up to a point and then contributing the rest to Roth even if I’m in the 37% tax bracket? I have a couple million already in my 401 k Nada in Roth due to making above the annual allowed income. Hope to retire in 6 years.

[@tyjameson7404]

Great video! Too high paced distributing the information 💔👏🏿🙏🌹❤️

[@ThePeakFP]

Yes - thank you for watching. I've gotten the feedback that I need to slow down. Hoping that I will improve and get some comments to that effect over time!

[@financialchimes4546]

Can you make a video on how to make a better portfolio like you showed in point 4?

[@ThePeakFP]

I have a playlist on my channel called the "asset allocation problem" that goes into detail about this. But yes i do plan to make new videos in the future on this subject

[@sherrywolf-howe8471]

Please use correct Social Security acronyms Social Security Retirement benefits are not the same as SSI or Supplemental Security Income a needs based program for single adults over age 65 with income below $963 per month and resources below $2,000.

[@ThePeakFP]

Oops!

[@christoomey9890]

Good content

[@ThePeakFP]

Thank you so much!

[@liverpool3469]

Eric, may I ask you, please, to speak a little bit slower... I have to write down some points after you... have to stop the video few times... I know I am not a young guy, but this information is VERY important to me... Thank you! This is super helpful!

[@ThePeakFP]

Yes - you are not the first person to say this to me and I will do my best to take it to heart. Please let me know in future videos if I have successfully slowed myself down

[@LA99624]

@@ThePeakFP or this guy can slow down the you ture to be in 0.75 speed and it is slower.

[@wk8082]

Yes. I totally agree. Most of us viewing this video are in our 50’s or 60’s and as you age, you will understand how we feel. Thank you

[@lostboi3974]

​@@LA99624 🧠 💡

[@patheticprepper4496]

Dude... you can play back speed slower... it took u more time to type that.. please don't hold back the whole class.. because you had a demoncrap education! Sooo sad ... u expect us to accommodate! Vomit

[@jonettepabustan]

❤🎉

[@ThePeakFP]

🙏