The #1 Retirement Trap No One Talks About...

[@humphrey]

Hope you enjoy this video! Check out our free Discord and chat with the community: discord.gg/humphrey

[@nancydebarros5938]

I love your content. I can relate and you nailed it on happiness. I am the person you talk about happiness and wanting more and never happy.

[@NicholasBall130]

My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@cowell621]

I’m 77 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.

[@StocksWolf752]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

[@LiaStrings]

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

[@StocksWolf752]

Sonya lee Mitchell 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.

[@greekbarrios]

The average social security check is $1827 a month. The worst part is 22% of Americans have less than $5k saved for retirement. Start investing now! Nobody is coming to save you

[@greekmom]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@TylerofSc004]

keep contributing! I'd suggest you consider financial advisory at this point in time, remember you are in for the long haul

[@Richmind-ir5zi]

I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has just 5X in barely 5 years, summing up nearly $1m after subsequent investments to date.

[@Marianela-r3v]

bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@Richmind-ir5zi]

Kristin Amber Landis 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 want excellent collaboration.

[@Riggsnic_co]

This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.

[@JacquelinePerrira]

Not a lot of people are able to save that much in a lifetime. But 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.

[@Jamessmith-12]

I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who had been investing for many years.

[@kevinmarten]

I really need help, please. Can I ask who the financial advisor you work with is?

[@kevinmarten]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@alyxxa6182]

Move overseas where your money will go further. Portugal, Spain, Thailand etc, are EXTREMELY affordable. And you can live EXTREMELY well.

[@caryishnagardner9429]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[@elenab3052]

One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.

[@zakeryday]

This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.

[@alpgeorge7012]

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

[@alpgeorge7012]

thanks a lot. I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

[@peterpahor8228]

She appears to be well-educated nd well-read. I ran an onlne search on hr name nd came across hr website; thank you fr sharing

[@nicolasbenson009]

Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.

[@CraigLloyd-fz6ns]

This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?

[@nicolasbenson009]

Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.

[@ScottKindle-bk3hx]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@nicolasbenson009]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@BridgetMiller-]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@robertparsons313]

I don't miss working or the people at work. No hard feelings, just moved on. And there is so much to do in "retirement." There' s no such thing as getting bored. There's a whole world out there. And younger people need you and your perspective.

[@BlueBookLessons]

Warren Buffett talked about this. He said it's craziness to work a job you hate now because you think that it will give you a better life tomorrow.

[@rogergeyer9851]

Everyone doesn't love, or even like their job. People need to be financially secure and many people want to take good care of their families. Like everything else in life, there are obvious trade-offs.

[@brentlorrilliere6057]

When people idolize Warren Buffet or any other so called "legendary investor", they almost never consider where all their money came from....lemme give you a hint, it all came from other traders. They literally stole your money.

[@tancreddehauteville764]

The problem is: what if you hate every job?

[@remmond3769]

Not everyone can be a white man born to a reasonably rich family like Buffet.

[@doggydude4123]

One big trap that people never account for is assisted living costs when their health is failing which is really expensive. The going rate in my area is about $5k a month.

[@wread1982]

5-6k is average monthly nursing home costs

[@thedude5040]

$5k is affordable

[@smugglemuffins]

My grandmother has full service and her place is pretty nice but she pays $8k per month to live there

[@PJBHolden]

They have a pill for that now

[@suzanneemerson2625]

You don’t live in California. Cost of assisted living in the SF Bay Area is $16,000/month in a decent private place. If you’re broke, you can go to a MedicCAL facility. (It’s called Medicaid in other states.) My friend just died in one. 7 beds crammed into a room. One nurse per 35 patients. A doctor on call but not on the premises. People literally warehoused, waiting to die. All patients drugged to be docile.

[@GermanVelaFinance]

Retirement shouldn't be about a magic number! This video hit the nail on the head, plan for experiences that make you happy, not just a bigger nest egg. Love the focus on finding fulfillment in retirement.

[@humphrey]

thanks German!!

[@Upper_Room_Studios]

The real problem is that once one finally makes 100k, it's the new 60k and to achieve the same desired freedom and financial power, you now need 175k.

[@ordinaryhuman5645]

Nah, I was making $100k for a while and had minimal lifestyle inflation. Actually, it wasn't until I shifted to working part time and earning half as much that my cost of living went up substantially.

[@Lolatyou332]

I basically only need like 40-50k of income. I make over 100k and just save everything above my necessities. Lifestyle inflation is terrible and I notice all my friends falling into it despite making much less than me.

[@suzanneemerson2625]

⁠​⁠@@Lolatyou332 Even without “lifestyle inflation,” just regular inflation in the economy means the cost of everything doubles every 7 1/2 years. So in 7 1/2 years, you need to be making $80-$100k just to maintain the lifestyle you have today.

[@kannermw]

​​@@suzanneemerson2625Your assertion about inflation doubling cost of everything in 7.5 years is a pure lie. You have no clue what you are stating.

[@Architect-jg8cn]

@@Lolatyou332 I experience this all the time. A friend got mad at me at a lamp store when I said "I can't afford that" even though my salary is nearly double hers. She said "of course you can!" Well yes, I can easily buy the lamp, but I would like to buy a home and retire some day, so if it's not in the budget, I can't afford it.

[@ginaem2008]

People at work are toxic, I won’t miss any of them.

[@MikeNapoli1989]

I’m 25. Got a long way to go.

[@romeosly4341]

I retired at 35, I’m now 38. I love my life, i’m not out spending like crazy, i spend my time with loved ones, hiking with my wife and dog. I spend most of time working on new hobbies. Money does not buy happiness, no amount of money can buy time. Finally, don’t retire in any major city, move away!

[@babyg7796]

May we ask what you did to retire so early?

[@comment8767]

@@babyg7796 He traveled to Mexico, then came back pretending to be a migrant.

[@dmbfannh]

​@@comment8767🤣 perfect idea!!! Then you can get free housing, Healthcare and a food card that reloads every month!!

[@fictitiousnightmares]

I'm an introvert. The ONLY reason I work is to live and retire. So no, missing people is NOT a problem. I cannot freaking wait until nobody bugs me.

[@marklechadores5574]

I'm content with out my outdated 2006 Mazda 3 with no monthly payments and my insurance is $63/month. Status symbols such as a nice car or ride is a wealth killer unless it can be used for a corporate task where tax breaks can be beneficial. Over a $1000 per month to show off a vehicle I can't afford would be detrimental to my wealth.

[@702Rider]

I think my concern for wanting more is the loss of value on the dollar. If someone retired with a million early 2020 the purchasing power is now like 500k. Also some places have stupid property tax policies that can eat it up. While I hope to have the health and energy and want enough money to travel a few times a year, pay for the gas/consumables to take hunting and fishing trips, socialize and eat out etc- I want to save a good amount just out a general distrust of our governments monetary policies and taxes

[@sophie3588]

SO TRUE! I've first life experienced the "I'll be happy when..." accomplishing it, then just moving it higher and going back to baseline happiness.

[@johnben9]

Very well articulated; I wish I had more time for trial and error, but I'll be 56 in October and I need ideas and advice on what investments to make to set myself up for retirement, especially with the looming inflation and recession; my goal is to have a portfolio of at least $500k at the age of 60.

[@emiliabucks33]

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

[@Johnlarry12]

I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

[@carolpaige2]

This is exactly how i wish to get my finances coordinated ahead or retirement. Can you recommend the financial advisor you used to get ahead?

[@Johnlarry12]

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

[@carolpaige2]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@GREGG-43]

Putting half of my Salary into my portfolio at the start of each month has always been my approach. My second approach is to hold off on selling for at least five years, but as of late, my portfolio has seen a significant fall with losses of around $65k, Please what can i do?

[@lincoln-tser]

In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at the worth of your portfolio, you should consider financial advisory.>

[@MiddleclassAmerican-7220]

Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.

[@freedomisEexpensive-08]

How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.

[@sagesends]

​@@freedomisEexpensive-08wtf are you investing in? the market is up double digits since 2022!

[@ordinaryhuman5645]

I'm stuck in one more year mode after hitting my original stretch goal. I think part of it is just that I didn't think inflation would hit that hard over a decade, so the original target number is not the same today. I thought it'd take 5 more years to hit the number I'm currently at. The other part of it is uncertainty and expecting a market collapse that would take my wealth number below what I'd like it to be at this part of my life. But that's probably a pretty normal thing to experience with the market generally going up and being at or near highs a lot of the time.

[@cody5596]

If you structure your portfolio correctly it should be able to weather a crash or a bull market. Just remember to NEVER watch the “news” and that the market makes money 8/10 years on average. I do understand your sequence of returns risk fear though and will probably struggle with that myself when it’s my time. Just have to jump in with both feet sometimes.

[@FossKhan]

Humphrey can you make a video on the Roth 401k and how much you recommend allocating towards it as opposed to the 401k which everyone already talks about

[@nicobray1083]

I think it is highly dependent on personal scenarios / tax brackets. But could be nice to see an overview of the logic.

[@SmashingProdigy]

I don't max out my 401k contributions, I just contribute as much as my employer is willing to match. So in my case, it's 5%. I then try to max my Roth IRA since it provides more freedom on where I can allocate my money. Any leftover savings get placed into a high yield savings account.

[@vancouversworstdrivers]

Great video! I'm always wanting more and I save like crazy....I'm actually working on spending money on things that I enjoy otherwise I'm just hoarding money

[@janicetone2313]

You young whipper snapper!! I'm with your Dad 😊.

[@Sxypenguin]

The goal is not to be the richest in the graveyard.

[@humphrey]

facts well said

[@SteveYoung49]

So what I am hearing is... "Mo Money Mo Problems."

[@rebeltheharem7028]

Well, I plan to be able to get a room at a 4 star hotel (500 bucks a night), every day for the rest of my life (not that I would, but its a nice dream of mine). So that means at least 200K every year when I retire. So based on the 4% rule, I would need 5 million dollars. I already have 500K in the portfolio, so if I want to retire in 17 years, so I would need to put in $8,908 every month. That's like 130% of my gross income. Guess I should get a second job for 17 years.

[@hunterandchavy]

I do notice my colleagues have been waiting to retire at a later age. Many people would argue that waiting for retirement in their 70’s but I would argue that security has a diminishing return after 671/2 years old. Compound that with decreasing health may hasten your to start our retirement sooner than later

[@sct4040]

Retire 62 or earlier!

[@hunterandchavy]

@@sct4040 totally agree 👍

[@sw6118]

So maybe your dad would like to get a coffee out rather than a whole meal. At the mall near me there are big groups of retired men who meet and hangout in the food court for a couple of hours every weekday morning.

[@jainthorne4136]

I became a minimalist in 2008. It was a long, thoughtful process. As I worked to craft a life that I loved I was moving towards a life that would sustain me as I retired. It wasn't my goal at all but minimalism taught me how much was enough for me. I learned what it took to lead the life I love. Now I'm three months into my retirement and I love the life I have.

[@suzanneemerson2625]

Sounds like you’re not sick yet.

[@jainthorne4136]

@@suzanneemerson2625 What a little bundle of joy you are. I'm guessing you often miss the point of what people are talking about.

[@brandobond]

Doesn't this ignore inflation and the steadily decreasing value of money? How can I predict how much money I will need in retirement 22 years from now without considering inflation? In the past 3 years we have seen prices go crazy. Where I live a stick of butter has quadrupled in price! The average price people are spending on a car is like 6x what I paid for my car 8 years ago! I'm starting to think I won't be able to get by on 80% of my salary in retirement. Maybe like 300%!

[@pensacola321]

I retired at 57 and currently I am 73 years old. I am active and happy. Right now I am healthy, active and financially comfortable. It is as good as it is going to get.😊

[@chelsf174]

Omg the picture of the banana in spaghetti sauce 😂😂😂

[@fredm1]

I could really use your help Humphery, I’m 46 and disabled since 2007, still own a small business with $280K in savings. Have a little share in a rental property. But I'd still love to grow my investments ahead of my retirement. Can you help?

[@aureliobjm]

May be unable to offer personalized investment guidance. However, I suggest consulting with a reliable advisor to ensure appropriate investment planning.

[@georgeh.5126]

I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.

[@fredm1]

@georgeh Do you mind sharing info on the adviser who assisted you?

[@georgeh.5126]

She's known as a 'Heather Lee Larioni'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.

[@fredm1]

Thank you for sharing. I just scheduled a phone call with her. She seems proficient considering her résumé.

[@LarryWilson-c2t]

One thing that puzzles me on retirement is where does the money come from. Yes, that sounds like a stupid question but for example, if I was receiving $1,000.00 a month in dividends, I know that each month the money will appear in my bank account, and I can withdrawal from that. If I have a million dollars in stocks and bonds and did the 50% rule of investing in half stocks and half bonds, as you showed in your graph, how do I get the money? Sounds silly because I always would imagine that I would be making money, of off my investments, and using that money to live on but unlike the dividends which just appear, so to speak, in the bank. The other funds just grow larger as their values increase. So to get the money, I would have to sell a percentage each month or year to have money. What would you sell? Half of you bonds and half of the stocks? Just trying to figure out how to get paid for the investments I 've made throughout the years for retirement.

[@CR-hq1uz]

Your dad is 92? I'd be more interested to know what he's doing to live that long.

[@humphrey]

Not spending money 😂

[@val6189]

@@humphrey Oh no 😂, dads are so stubborn sometimes

[@rudyardganuelas6254]

@@humphreynot eating out 5 times a week helps

[@jeannettedrown7687]

I always enjoy your content. I really liked the personal stories. Keep them coming!

[@Star-x7v4j]

Thanks for sharing your perspective which no one talks about! 😊 Informative video!

[@barrybearman3511]

The Buddha had it right. Remove your desires and be happy you are where you are. Chasing things is the essence of desire.

[@stevegorkowski3246]

The main problem in retirement is finding people that want to do things. I wanted to do a month-long trip by Ebike covering hundreds of miles. If you find a person interested they may be fit enough but no money or they have enough money but their health is poor. Dropped it down to 50 miles, then around town. One person did it one time. Dropped down to taking a walk once a day no takers. I ended up walking 2-4 miles a day. All my in-city tasks is done on an Ebike. I found people on the bike trail that I meetup with in the summer. Sometimes it's hard to find people that want to do what you like to do in retirement. I retired early and I have found out in retirement that I spend very little money. Living on less than $20k a year. I repair and do preventative maintenance on the items in the home and transportation. The hobby garden supplies over 50% of my food. I traveled when I was younger and I don't really have many places I want to see. I bought most of my high priced hobby equipment. I'm not alone in having problems spending money in retirement the lady next door I do tasks around her home and she will not let me do them for free.

[@JcDaGoat]

wonderful video humphrey

[@humphrey]

Glad you enjoyed it!

[@pete5691]

I bet that you dad is happy and derives happiness from something different than most Americans. My grandmother was the same way. Would wait for sales on strawberries when I’d take her shopping or wouldn’t buy them. I’d say you can afford these but she would refuse. She would often say how in her words, satisfied she was with her life. For her the happiness was shopping with us and spending time with us.

[@time2eat850]

I 💯 agree about the " Moving the GOAL POST." It was also mentioned in the book " The PSYCHOLOGY of Money ". However, in my CASE. I'm a MAN of my word. I would probably stress test one of my retirement accounts (I have 3) once it hits 6 figures. Why? So I can try maybe writing a book or STARTING A SMALL BUSINESS. Some people want to retire early, so they can follow or try their other passion in life. Of course this is all my HUMBLE opinion ❤

[@LawrenceNewman01]

Maybe they can’t afford to do much more than watch tv, sit on the couch, or sleep 9 hours a day? It’s not that they don’t want to but money gives you options and the lack of it limitations. You can still have an active lifestyle that doesn’t break the bank. But enjoyable travel and adventure may not be as comfortable as you’d like as your body ages? 17 hour plane flights in coach certainly aren’t a lie flat, and visiting third world countries aren’t most peoples idea of a good time.

[@jimmy4518]

stats at 1:30 are misleading. thats a study of people now, and we know most people now are broke when they retire. so of course they sleep, relax and watch tv all day instead of traveling the world, they cant afford to travel the world hahaaa

[@rene.s.s]

Not calling you that. But it’s not changing.

[@PhillipMangiaracina]

Question on 4% rule: Say you have $1M -- you take out 40k, but it was a good year and your portfolio grew 15%-ish and you now have 1.1M: do you now take out 44k the next year, or do you play it safe in case of a downturn and only take out 40k again?

[@zilvarro5766]

In the original study you would still withdraw 40k but adjusted for inflation. But I think it makes more sense to withdraw 4% of current value if you are decently flexible with your lifestyle.

[@williamfrench3796]

Enjoy your videos. I believe William Bengen has revised his 4% rule upwards based on a more diverse investment portfolio. That said, I'm still on the hamster wheel - just one more year, even though I have no debt, multiple streams of income, and more than enough in investments for a comfortable retirement. Growing up poor, can motivate you to strive for a better life but subconsciously, you also have this fear of running out of money. Sometimes it takes a event in one's life to alter their mindset. In my case, the walkup call was a loss of a close family member who was a diligent saver but never got to enjoy it. With some self reflection, it was time to change course. So, I began reading books and watching videos (such as yours) and currently working on my retirement plan for ensuring I have a successful transition, fulfilling, and purposeful retirement. Keep up the good work!

[@Girl-splain]

Wait.. your dad is 90+... Are you even 40? or even 30?

[@noreenn6976]

Good question.

[@givrally7634]

I'm 22 from France, and I know if I run the numbers, including the absurdly high taxation, I could probably retire at 35 by saving up correctly, assuming the market keeps its historical growth. The problem is that I'm not sure I'd even want to retire in the first place. It just all sounds a bit boring, like that feeling in your gut when you finish a great series and you just think "What now ?" like life has no point anymore, except instead of lasting a few hours it's a few decades.

[@LarryWilson-c2t]

I agree with your dad on restaurants. Must be a generational thing..

[@MrGoodaches]

I retired at 58. I didn’t see how working 4 more years was going to put enough extra money in 401K to dramatically change my retirement lifestyle. I determined that after 43 years of 50-70 hour work weeks my time was worth more than investing another $80K. 6 years into retirement wife and I have a long list of very cool experiences behind us and the lifestyle has us fit and healthy enough for many more years. I’ll start SS on my next birthday in order to slow the drain on 401K down to approximately 4% or as needed.

[@henryha2285]

Humphrey needs to make a video about his moisturizing routine 😍

[@jude4a]

@humphrey At around the 8:20 mark, why do you recommend the 50/50 allocation as opposed to the 20/80 or 10/90 allocations? I understand the latter two are more stable due to more concentration in bonds while the former is better as a "inflation buffer." I'm just curious to know the thought process. I know the answer changes depending on context and circumstances. Thanks again for this incredibly insightful content. Hope all is well.

[@Playingwithproxies]

he was obviously just wrong the 30/70 split or 20/80 split would be more stable than the 50/50 especially when you go out to 35 years and beyond.

[@Socrates-jz3oo]

Which split will most likely result in my money lasting for x years, assuming that the bond / stock ratio and the withdrawal amounts per year will not change over time, depends on what x is, hence on for how long I will live, which is unknown. It is true that there is no row in the table shown where 50 / 50 would have given us the highest change of not running out of money. 10/90 is best at 30 year mark, 30 / 70 at 35 years, 40 / 60 at 40 and 60 / 40 at 45.

[@christianpittman5716]

Do you not want to leave anything to your children? I feel bad for them lol. The goal shouldnt be to blow all your savings, it should be to build income producing assets so you dont have to. That way you can leave something for your kids and be comfortable financially. Generational wealth👍

[@ekevanderzee9538]

Dude. a 10/90 split was at 98% certainty at those 30 years. Learn how to read a table instead of saying "her, look at these colours" and then moving on fast before people start to pay attention.

[@ahnonamos]

Great perspective. Thank you

[@joshfu4686]

Do you have a video explaining the stocks to bonds ratio and why it shakes out the way it does? Also with the tax implications of selling stocks that have grown and turning them into bonds if we’ve just been investing in VOO instead of a target date fund?

[@alyxxa6182]

I’m just wondering, if you made 10% interest on your investments, couldn’t you just live off the interest annually and never use the actual savings?

[@braynjohnson4302]

A good plan is to get to a point where you can continue to live comfortably and then to PLAN to spend the extra on other people. You’re helping the less fortunate and creating opportunities for relationships which will be where the real happiness comes from.

[@FredWhosDead]

Vacations are expensive. Home repairs are expensive. Still got to pay taxes on stuff I own. Just dining out is expensive. And that is in today’s money…

[@diabolox1272]

Hope for the best and prepare for the worst..... At the end of the day, don't be greedy and don't wait for the end to transfer your wealth to your kids. They will be wayy too old to really get an advantage of it. And if your kids are AO... Just put that wealth for your grandkids on an account they will access for their studies....with limitation on the withdrawal of course

[@humphrey]

well said.

[@hruben222ruben5]

Im weightlifting so I can enjoy my money in the future

[@jmsl_910]

yes, i live very frugally so i can gift my kiddos money

[@Seig186]

I think its also important for retired people to seek extra activities if they start feeling lonely. Like go to a school and ask if you can help out or join a few groups like a book club.

[@KirarinUploads]

Always enjoy your content, but disappointed seeing AI art usage in your thumbnails which steals from artists 😢

[@rogergeyer9851]

Your 73 year life expectancy claim seems to be for US men, not overall. I checked multiple credible sources.

[@flicks28]

Ive said over and over, never retire in the US. Alot of great places to move to. Healthier food, better health care, better lifecycle, cheaper, etc etc. Plus, many countries have very sociable cultures and you will never die alone, no matter how old you are. The US, besides the dump it is, is very cruel to old people and most older single Americans are lonely. In fact, Americans in general are desperately lonely.

[@lizziebett3654]

Re😢

[@frankish5314]

Medicare brings HC expenses down.. Are you kidding me? Medicare is EXPENSIVE!

[@stefanwolff5637]

Wow… feels like you tried to push as many generalities and standard Retirement thinking from the last 50 years into this… very poor

[@DaniOchannel]

I'm not sure i like the suggested options during retirement: stay at home and watch tv, move to a cheaper location...😅 don't get me wrong, I'm all about enjoying life but it's about spending where it adds value to me. At the age of 92, i do feel a bit bad for your dad that he would prefer a frozen meal over eating out. But maybe it's other things too? The noise? The unfamiliarity of a restaurant? From my point of view, i do want a healthy nest egg to plan for the potential event of severe disability for example a stroke. The cost of sustaining a comfortable life with disability is rarely if ever spoken about. Care to do a video on the topic, Humphrey?😊

[@bhobg]

Retire in the Philippines and live like a king for a fraction of a middle class lifestyle in the states

[@anemoneii]

The relentless inflation along with no real growth on investments over the past three years certainly makes it difficult to understand how our savings will last.

[@renemontenegro6143]

WHAT ABOUT GOLD? IS A GOOD INVESTMENT TO HOLD LIKE BONDS AND STOCKS?

[@exposingproxystalkingorgan4164]

I suppose wealthy dead people can try to take their money with them like an Egyptian pharaoh? 😂

[@Courtney-Alice-Gargani]

This video is helpful. I am planning a retirement fund. The earlier the better.

[@humphrey]

thanks Courtney!

[@rossderer6154]

My plan isn't to retire but to become an unreliable employee. I'll be in when I want to be and I'll do what I want to do for as long as I want to do it.

[@Architect-jg8cn]

I have by most metrics achieved what I set out to do when I was 16. I went to college, moved to my city of choice, moved up the ladder, am in the profession I wanted to be. Living on my own. Making good money. On a great path towards retirement. My therapist asked why I wasn't happy. Well, because I achieved what I wanted to do and I'm finding out it's not what I want anymore!

[@jnsa9454]

Good one H...helping us think thru when it's ENOUGH.

[@5entient]

The biggest fear I have in retirement is large unexpected medical expenses. How do you prepare for a big hit (presumably) like that to your retirement?

[@johngill2853]

You have insurance with a maximum out of pocket Or do you mean long term care?

[@barbiec4312]

You work really hard on your health now. It is your main job.

[@RetrieverTrainingAlone]

I retired at 62, based on 1,000 Monte Carlo simulations there is a 99% chance I will not run out of retirement funds thru the age of 100. Retirement is awesome with physical fitness, wealth, and time all available to enjoy the outdoors in MT and AK.

[@YourFrienjamin]

"How much am I allowed to withdraw [of my own money]?" sounds communistic.

[@scottkasper6378]

How can life expectancy be higher in 2050 when it’s falling as if 2024?

[@tyjameson7404]

I love ❤️ when Humphrey shares stories about his dad and his frugal immigrant lifestyle. These are the people that make our country great 💪🏾🙏👏🏿🙌🏾❤️🇺🇸👍

[@nae4830]

Ramit talks about people not being able to spend after the saving mentality of so many years.

[@BK-gh9us]

I’m thinking about this trap, the trap Humphrey refers you to with his dad. You can’t expect to adopt new habits in retirement that you never cultivated before. So if you scrimp and save (like Mr. Yang) you suddenly won’t be free wheeling as a retiree. As it relates to me, I’d like to travel more in retirement… but I never really travel now. I’m starting to do it more, so that when I’m retired, I won’t refrain. I’m also cultivating certain habits and activités (walking, hiking, art) that I’d like to do in later years. Another one I’d like to do is puzzles… putting puzzles together. But if o wait til I’m retired, to start making puzzles, I simply won’t do it.

[@AlejandroMedinaGamez]

HUMPHREY HUMPHREY HUMPHREY 💪🏽

[@lberhold]

One thing I have learned, projections are almost always wrong.

[@sammencia7945]

I am in the 2% to 10% who like working. Tragic for the rest of you.

[@ekevanderzee9538]

People still think/feel they will live forever. So there is always a "later" to save for.

[@SF-fb6lv]

Yeah it could be a trap to be such a hard-core saver that you NEVER feel comfortable spending. Once I decided to go on an expedition to Tanzania, though, I happily spent an ungodly amount on the best gear I could find. No problem. Now I'm back to being frugal. Every so often, make sure you can snap out of it and let loose a little.

[@flagger2020]

My fathered worked so hard and saved so carefully throught his life. I urged him to enjoy it as he got older. But being poor and struggling never leaves you. His last car was second hand and needed work. After my mother passed extended family appeared to borrow money with no real intent to pay back as they knew he was getting sick. After death peoples only concern is getting there money, its so predictable. I just wish as he retired he did spend it. In the end he worked, saved and died. With people feeling they need to work longer, and goverments pushing up retirement dates and life expectancy actually going down in many places, i think the retire between 50-65 as people last gen did, and then live 30 years more is not so certain anymore. Bigger financial question is when to downsize your ultimate backup wealth, ie sell your house. Property taxes are on the up and up. Oh andI remember when we put those goal posts into the river.. go vols.

[@aviewer9516]

This particular video was very helpful to get a reminder of how humans only are temporarily happy once reaching a goal, then revert back to their baseline, 'happiness'. Although, I have to say winning a 1B lottery would substantially change my baseline for the better permanently - haha!

[@frazhier]

Not sure if this is your area of expertise but I have a video suggestion: What are the things you should do when you graduate from school / have found a stable job? Like what should we know? Taxes? Insurances? How do we set those up? And Other necessities that i am forgetting I hope i got my point across because currently I have no idea on what i should do after i graduate and getting a stable job

[@rogergeyer9851]

Eating out might taste better, but it might be even more unhealthy than eating frozen meals at home, depending on things like size of meal, now much fat, how much salt, etc. One can get healthy food from the grocery store, easily. At least in the US in most places. With fresh fruits and veggies, fresh meat like fish, white meat, and eggs, and even things like frozen veggies and canned veggies with little to no salt added -- it's not that hard to eat healthy, as long as one is willing to do a little work re prepping (like cutting / chopping). I do that, but am a warmer-upper, NOT a cook. It's more about the amount of work to prepare and that fresh food doesn't keep as long as frozen or canned food (so more trips to the grocery store), than money, re eating healthy.

[@abbeyhope5929]

I'm in my early 30's and I've found myself too preoccupied with retirement life. My finances are in good shape, and I honestly just want to be comfortable and able to afford groceries, rent, gas, and the occasional get together with friends. Don't really have a number I think I should hit by retirement.

[@angooredcow157]

You are the fruit of your father’s labor! He is saving his money to pass on as inheritance to you. Money in the bank is security. It is peace of mind. I agree with your father. The Costco frozen meals are similar to the restaurants’ meals. Many restaurants also purchase industrial-size frozen food and embellish before presenting to customers. As a result, your father is saving money by eating at home.

[@BillF20081]

Wonder how to come up with the "% of Success" table? I have a portfolio of 100% stock with average ~16% growth in the past 15 years, way better than bonds. 🤔

[@jrizzo3579]

One can always make more money ....but you can't buy your time back. On your death bed ....you'll never say gee I wished worked longer...health and time is a gift ...go enjoy the gift.

[@badass6656]

I don't think having more money is ever a wasted endeavour. I actually retired about 2 years later than planned which allowed me to have a bit more money and being nearer claiming my pension. Now I am grateful for the extra financial flexibility even though I could have retired earlier without running out of money. Now I still accumulate assets and I am grateful for being in a position to be able to do so.

[@dforrest4503]

The RIRRR is useless. It’s not about income, it’s about expenses.

[@tonyherdina9142]

In your dad's case, he's used to living within his means, and that's alright. He knows he's financially stable. If he blew all his money like he won the lottery then I'd worry because you'd be taking care of him.