Retire Early With 3 Easy Steps

[@ryanwilliams989]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@TheresaAnderson-kf5xw]

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.

[@hunter-bourke21]

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

[@maggysterling33254]

@@hunter-bourke21I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@hunter-bourke21]

*Izella Annette Anderson* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@StellaMaris-lv2uq]

Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call

[@MidlifeCrisisManagement]

1. know the 72T, the Rule of 55, your expenses, and your tax brackets 2. know your ACA subsidy levels 3. have a plan, be realistic, work with a fee-only fiduciary advisor 4. be flexible with your plan and willing to adjust 5. (my personal rule, not Azul's) pay off your mortgage and any other debts 😊

[@derekcox6531]

#5 is a must. As far as I’m concerned …but I’m Canadian, we don’t get a 30yr interest rate on a mortgage. So I guess I can see why some Americans run their mortgage for decades. I guess 🤔

[@nicolasbenson009]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[@sharonwinson-m8g]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@tatianastarcic]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@Vincent-j8u]

Mind if I ask you to recommend this particular coach you using their service?

[@tatianastarcic]

Big Credits to ''Melissa Terri Swayne'' she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Carol has been a good guide through the year.

[@TinaJames222]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@KH-vw9yl]

Thank you for breaking down the best way to the path of early retirement and your continued hard work on this channel.

[@Daniel-b1s3s]

An increasing number of people are likely to face challenges in retirement. Low wages, rising inflation, and high rental costs make it difficult to save adequately. Now, even middle-class Americans are struggling to afford homeownership, putting their retirement plans at risk.

[@patiencezero-xc9zl]

Regarding Rule of 55, also check with your employer HR department since companies ARE NOT REQUIRED to offer it and many do not, in order to prevent a brain-drain. But if they do, it is much more advantageous than the 72T rules, since that IRS deal is only meant to be used on an emergency basis, and therefore is much more restrictive on how you withdraw your money. It also locks-up your capital used as 72T for 5 years I think.

[@Dweeble233]

Ran the numbers on my portfolio earlier today. If i parked a good portion in cash, the interesr alone would be sufficient to pay my bills plus a decent cushion. Essentially i am free and can retire. I am hesitant however as it would reduce the growth portion of my portfolio. The offset is that the risk is also reduced. Trying to determine the optimum balance and get comfortable with the idea.

[@cduff4505]

80% suites me just fine, I’d rather spend a bit less and have the opportunity to enjoy the rest of my life on my terms, while I can.

[@BlockchainFx]

Retirement funds Depends on where you’re living and what your living conditions are and so they change from person to person. However I can roughly say for North America 100k at 30, 250k at 40, 500k at 50, and 1M at 60. This is a rough estimate for a middle class person to just get by and nothing more including already owning your house and car.

[@Oliverjames-c6y]

When I said I was preparing for retirement from an early age, what I really should say is that I have always practiced sound money accumulation strategies, read books, watched how I spent and saved, adjusted, learned new strategies and sought out knowledge anywhere I could.

[@MarieJane-f7h]

It depends on your lifestyle and how long you expect to live in retirement. a single family can have a comfortable life with $60K-$90K annual pre-tax income depending on the area. About 30-40% of that goes to housing 20-30% to other important stuff

[@BrianW211]

We learned that optimizing your taxes for ACA is complicated if your income isn't very predictable: self-employment income, rental income, capital gains, Roth conversions, etc.

[@billyrock8305]

1) Save 2) Save 3) Save

[@Lion_McLionhead]

Would be interesting for someone to actually compare post ACA & pre ACA healthcare costs. There's the 1 goog hit saying the ACA didn't do anything. With interest headed to 0 & lions manely in cash, they will not earn enough to qualify for the ACA.

[@jhouser972]

Luckily my hobbies and lifestyle are low. I could easily live happily with 40k a year.

[@miketheyunggod2534]

Not to mention boring.

[@EnglishLearner123]

​@@miketheyunggod2534 "Boring" is self defined. I find joy, happiness and fulfillment in Hiking Trails and Bike Packing.

[@noblegirl1991]

Azul. Many people will pay off mortgage in retirement, so how are they to practice living on a certain amount while paying mortgage now

[@swtexan6502]

Make a budget utilizing just the living expenses minus the mortgage... and test drive that.

[@fromthecatskillstotheworld6470]

Why, when in this video you (and Fidelity) share average health care costs, but when it comes to income and wealth, you use a median, saying this is a more fair number, yet isn’t it the few people paying a lot for health care expenses skew the health care cost averages as well? Feels like a double standard. What is the median health care cost for a retiree?

[@MarkusBohunovsky]

You forgot step 1: Invent a time machine!

[@shep68]

Want to retire in your 50s? One way to do it is military and/or public service. You’ll never get rich but between pensions, SS and TSP/401k style accounts…you can easily accrue enough to retire early’ish. Of course you have to deal with bureaucracy and the occasional fool whining about public employees (all while taking full advantage of the services those public employees offer) but that’s a conversation for a different time. 😂

[@untouchable360x]

4. Give up your vices.

[@NewGuy2024]

My personal vices are wife and kids. Done!

[@untouchable360x]

@@NewGuy2024 For me is cocaine. That's too hard to give up. Cocaine is a hella drug.

[@murpho19]

All of 'em? Come on, now!

[@miketheyunggod2534]

Hahaha! Then why continue to live?

[@eqtrader6029]

What's the point of living😮

[@jimknarr]

Azul, why do you come out with so many videos?

[@rowddyone3570]

There are no taxes on Roth accounts but you still pay income tax right ?

[@jackstar254]

You pay zero taxes including income tax for all ROTH accounts.

[@miketheyunggod2534]

That’s because you paid taxes on it earlier. Nothing is tax free buddy.

[@jackstar254]

@@miketheyunggod2534 well, I'm smart enough to make an income and avoid taxes. You should learn how to skip handing money out to Uncle Sam.

[@RashelYeva]

!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated

[@JoseLopez-lf9rw]

As a beginner 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.

[@JoseLopez-lf9rw]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k 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.

[@RashelYeva]

nice! once you hit a big milestone, the next comes easier. How can i reach her if you don't mind me asking?

[@JoseLopez-lf9rw]

look up her name on the web for her website.

[@RashelYeva]

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

[@miketheyunggod2534]

There is only one step needed to retire at 55. FIRE YOUR FINANCIAL ADVISOR!!!!!!!! They are all crooks. They steal your money. I retired six years ago at 55. I know. GET RID IF HIM!!!!!!

[@miketheyunggod2534]

This dude is a liberal.

[@kevinkanter2537]

LOL --- this dude is a MAGA --- or a Reagan conservative --- or a _____ (fill in blank) ----- economics not politics!!!!!

[@BuddyDog9267]

"dont stop believin...."