Fantastic video James. It makes me proud to be a client of Root knowing that leadership is so kind, thoughtful and caring. My wife and I loved seeing the relief on Stacy’s face as the video progressed and it started sinking in that her dream life will be a reality. What a sweet lady. It is awesome to see hard work and sacrifice pay off. Hopefully 4 more years for us with Roots help and we will be in a similar situation.
@JoeSaysWhat21 сағат бұрын
It would be great to have a follow-up video after she retires.
@lancasterpenn17 сағат бұрын
So timely. I’m 41 on track to hit $2-2.5M by 54 when I plan to retire. This was very informative.
@zizzy009319 сағат бұрын
This is probably the case study that's most similar to my own. Thanks for sharing, Stacey!
@iyusuff7020 сағат бұрын
As a student of root financial academy, it is insightful to see how you walk through networth, income, goals and scenarios using the software. Your calm demeanor as you explain things are much appreciated. Awesomeness, James and Team!
@send2dwight18 сағат бұрын
30:10 I’m so happy to see the joy on her face as she’s realizes all her sacrifice have not been in vain 😊. You’ve lived such a frugal life all these years… time to relax and enjoy life a little. You deserve this!
@guyver62619 сағат бұрын
Great video!! Really really good to include the actual person and not just imaginary names. Their emotions have a bigger impact to the viewers then just charts and graphs. I hope to see more of these videos in the future. My favorite video from you guys so far!!
@Faben20220 сағат бұрын
What a great episode and walkthrough of their finances. Congrats to them on achieving such a successful retirement goal!
@biskit715 сағат бұрын
I'm so proud of these frugal people showing that you can be successful, and she wouldn't even need social security. It's like a nice bonus of cash living so long ;)
@jamesglassford965716 сағат бұрын
Her and James smiles made me smile, a feel good episode! Thanks for this and enjoy!
@ariefraiser14013 сағат бұрын
She needs to diversify ASAP! 50% in one stock makes me very nervous.
@jameschaves572314 сағат бұрын
Very similar situation but I predict she will have trouble spending money. You don’t just flip the spending switch on!!
@FunStuffBuddy20 сағат бұрын
What a kind person! Really enjoyed this video! Keep up the great work!
@jfk540211 сағат бұрын
Fantastic video. Thank you James and Thank you Stacey for sharing. Enjoyed very much. Think I'm almost in exactly the same situation as Stacey. Also retiring next year Spring!
@butterflykiss721 сағат бұрын
Awesome video! We are 48 & have similar (maybe a little bit more) financial profile. This gives me a lot of comfort we’ll also be able to retire at 55 or sooner. 😁
@striperkid13 сағат бұрын
Damn, I wish my wife could reel us in to a $2500 monthly budget !
@noelrutherford632119 сағат бұрын
Retirement success is not just based on your savings, it's also about your spending. But don't be miserable by underspending in your retirement. I think $4000 a month would be a good base for them.
@danielhurst886320 сағат бұрын
Something that was not mentioned, is that because they have company stock in their 401K, they can withdrawal that stock and pay long term capital gains as opposed to income tax.
@miatafunrun307814 сағат бұрын
I was 50% in company RSU. Then it dropped from $50 to $29. I was greedy and paid the price. Every year I now cash them in and put the money in S&P500.
@J-2024-v8i21 сағат бұрын
Great case study! Clearly the emphasis should be placed in derisking away from that 50% company stock, and move that to a more diversified portfolio preferably with broad market index funds, as that could make or break their retirement. They should definitely take advantage of NUA to start replacing that company stock.
@corydoyal870915 сағат бұрын
What a great case study. It was wonderful to watch Stacy’s dream, and so much more, become a reality right before her eyes. I wouldn’t be surprised to see them try to retire her husband a bit earlier than currently planned. @James - which software package do members of RPA have access to? I assume renewing each year to “keep the plan alive” is necessary. Thanks for sharing this story, it was very uplifting!
@kylefordinvest11 сағат бұрын
What an inspiring path to early retirement!
@AT-hs9nf12 сағат бұрын
Wonderful and so happy for this woman. 🎉🎉🎉🎉....these kind of videos make me feel better because I will have around 4 mill by 55 and still sometimes worry at night and I am only 42 🤦♂️😂. Need to chill out a bit I guess. But I also don't want to live on 2500/month and that explains atleast my race to keep investing for now.
@helenwood319918 сағат бұрын
What retail company is Stacy working with?
@atapul8 сағат бұрын
It seems like most funds are tied up in the tax deferred accounts. How do they plan to fund 54/57 to 59.5?
@scottbaker906611 сағат бұрын
Put 425k from the cottage and the Lubbock in a high yield savings account ... Why??? Why would you prefer 4% from a savings account to the 10 to 12% EVERY YEAR from a stock account.? That's 17k or 34k to spend, I prefer the bigger number. Your children are VERY fortunate. FYI - Most of the people over 50 that i work with are just burned out - it bothers the young team members.
@MichaelToub15 сағат бұрын
Great Video!
@mandypdx19 сағат бұрын
I am so happy for her ❤
@dennislau222719 сағат бұрын
This is arguing about the trivial, I understand; but, Monte Carlo simulations do not result in 100% likelihood of success. I can buy 99.99, just not 100%.
@JDmix12322 сағат бұрын
2 million should be enough to retire comfortably if you have no debt and are willing to follow your budgets (typically 4% rule). Edit: wonder if she worked for Publix.
@danielhurst886321 сағат бұрын
54 is pretty young to retire, unless you have a way to get lower cost health insurance. Health insurance is a big barrier to a successful retirement. A 2 million portfolio at 54, you really need to be around 3% withdrawal rather than 4%, because you need 45 years in retirement, and not 30 years. So, this is around $5,,000 a month gross, then adjusted for inflation. If they are spending $2,500 a month, they could do it.
@CarrieV920 сағат бұрын
Surprised about the new car every 7 years.
@jqx774321 сағат бұрын
$2500 per month is reasonable.
@ebeyslough20 сағат бұрын
She's a lovely woman
@Larry-yb7zl21 сағат бұрын
Does anyone have a calculator with a feature that includes dividend income?
@lindsaynewell631912 сағат бұрын
Excellent case study with a great “client”. 50% in one stock is terrifying entering retirement but there’s going to be a big (necessary) capital gains hit to diversify. $400/month for medical insurance seems really low and $2500/month general expenses on a combined income of $170k seems extremely low.
@slamphilos697918 сағат бұрын
Impressive - only 2% of the world have > $1M in retirement funds. Find out how much you want to spend with 3 % COLA for the next 11 years till SS kicks in at 65. If you withdrawal rate is
@Markrtsoon16 сағат бұрын
$2500 a month expenses? Not real.
@EdA-bz3bu18 сағат бұрын
The issue will be RMDs at 75 for them since they don’t know how to spend it.