I'm 50 with $1 Million | Can I Retire Early? [Case Study]

[@JacobReynolds-t7v]

This is my fifth year after retirement. I’ve been following the 4% rule thing I saw on a KZbin 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 worried.

[@MarcoWanner-h8j]

Amazingly, you were able to save that much during your active years. Not a lot of people can save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital, so you are not left devastated during a market crash or recovery. To simplify the process, you could allocate your resources with the help of a financial advisor.

[@DereksJosephs]

@@MarcoWanner-h8j Yeah, I’m also closing in on retirement, and I have benefitted 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 have been investing for many years.

[@JacobReynolds-t7v]

@@DereksJosephs Hey, this caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t know how to find one.

[@DereksJosephs]

@@JacobReynolds-t7v The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.

[@JacobReynolds-t7v]

@@DereksJosephs Thank you for this tip. it was easy to find your coach. Did my due diligence on her. She seems very proficient and I'm grateful for your guidance.

[@drewj4297]

I retired at 51 with a net worth of 800k. I will receive a pension at 57, social security at 62. Today I’m 53, net worth has increased to 850k. Moved to Mexico in Jan of 2022, which comparatively to the U.S. boasts my net worth by 35-40%.

[@billymak2610]

Excellent sir!! I’m trying to be like u, but I’m going to Colombia instead of Mx. Are u loving life?👍🏽

[@MontoyasJacksons]

Retirement isn’t an end goal, but a journey best secured by careful and consistent investments.

[@BEAUTIFULDIANAFRANCIS]

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 without any investment. Retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[@SamsonsRhodesas]

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan with my Fin. Advisor that includes AI looking into Nvidia, MSFT, Alphabet stocks among others. I've been utilising a financial advisor for more than 15 months now, and I've made over $800,000.

[@ConradsViveiroses]

That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?

[@AnnBurrow-vb8tt]

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.

[@EenvesTmawni]

I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $200k per year but nothing to show for it yet.

[@LadyBeatrice-r1g]

money advice is subjective, what works for you may not work for me. I would suggest getting rid of any unnecessary purchases, especially things that cost you monthly, or better still consider advisory services for better planning

[@AlbertiniCaputi]

retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth... think your advisor can be of help?

[@AlbertoAlejandro-g1e]

Can't divulge much here, I take guidance from a Pennsylvania-based advisor 'Karen Lynne Chess' and most likely, the internet is where to find her basic info, simply do your research.

[@KJInvesting]

thank you for your perspective. I believe in discipline execution which has allowed me to build wealth in investing in turnkey multifamily units

[@markgavin1326]

50-30-20 50% Needs 30% wants 20% savings/ Debt pay off. It’s a very simple budget. Budgethawk channel as great budgeting advice.

[@AnissaT.Roller]

My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[@LoriR.Wilson-uo8sh]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

[@DavidJ.Knecht]

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

[@RichardK.Turner]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@DavidJ.Knecht]

Deborah Lynn Dilling is the licensed advisor I use.Just research the name. You'd find necessary details to work with to set up an appointment

[@LoseMike-og9in]

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.

[@mollygiovanna1095]

Nice example! I’m so glad you didn’t do a generic example of a couple with kids and retirement focused on leaving something for their children. I’m a nurse approaching 50 and this is very similar to my situation.

[@earlyretirementari]

You’re so welcome!

[@markb8515]

Thanks Ari for showing us the various variables to modify and the inpact that it makes to when you can retirement.

[@Adnanhasb1]

Thanks for the case studies Make the example very practical

[@logicae4096]

Just pointing out that once they hit 60, they can pivot their portfolio to a distribution model. Closed End Funds, REITs, MLPs all average 7% per year consistently... I'm pivoting most of my assets that way. It's great to watch your videos Ari even if I go a different route... would be great if you did a couple with $1M but has a dividend income focus.

[@BigRed2]

REITs and MLPs are to risky for retired people, always highly leveraged

[@logicae4096]

@@BigRed2 You sure can go that way friend. I would just point out that a lot of financial advisors suggest MLPs for retirees. And that a lot of companies utilize leverage for their operations. Its about how effective and efficient a company utilizes their leverage.

[@HettieClausenTl]

80% equities 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large stock/bond portfolio for substantial gains at minimum risk.

[@ShirlPigram]

It’s important to do your own research and consult with a financial advisor before making any investment decisions.

[@mulattodavid]

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850,000 with the help of my advisor from an initial $150,000 investment.

[@myah00jordan]

Who is this person guiding you and how can i reach he/she?

[@mulattodavid]

My advisor is a lady and goes by the name Melissa Jean Talingda I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@myah00jordan]

I'm pleased with the advisor's prompt and knowledgeable assistance. Their professionalism instills confidence. Looking forward to further discussions.

[@markwilhelm6938]

Great video again Ari. The tool and your academy has been great so far, but I need to dig deeper and finish your tutorials. Work (bah!) got in the way and admittedly I was so excited I quickly went into self-explore mode.😅 The past few years I have been using some complex spreadsheets with macros and am trying to match the inputs (examples: variable yearly spending vs flat rate, laddered Roth conversions, etc.) The real time scenario updates, monte carlos and future dollar modeling are slick though! Way faster then Excel. Great stuff and thanks for helping this specific community with your knowledge and examples!

[@johnK85086]

Exactly it all comes down to your EXPENSES

[@janethunt4037]

Thank you Ari! Our situation is entirely different, but this is encouraging to think through lots of possibilities. Being from SC, it would be a great place for them to settle because real estate is so cheap there compared to a lot of other places.

[@ozerinx]

just to make sure i thought the software was free to test? is it only after you paid the 299?

[@LexisWilson436]

I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 3500+ units. I do not work.

[@Garypryde787]

I only contribute 5% to receive the full company match, and that's the extent of my participation.the 401K plan is structured to keep you working until retirement age, and fortunately, the government can't tap into it... yet!"

[@AngieLayman27]

My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.

[@AureaBrereton865]

@lexiswilson436 Did you completely liquidate your 401K and IRA accounts, withdrawing all the funds? If so, could you share the reasoning behind that decision? I'm curious to understand your thought process.

[@LexisWilson436]

I gained insights into govt. actions from Monica Mary Strigle a certified wealth manager. Sh enlightened me on the benefits of long-term Treasuries nd alternative invstmnts, which the govt. doesn't publicly disclose. Recently, they've been investing in promising startups, bonds, digital currencies backed by tangible assets, nd precious metals, while manipulating stck mrkt decisions influenced by Congress and driven by recurring events nd consumer sentiment ovr the past five years.

[@Garypryde787]

I agree the mrkt is manipulated that’s why I never contribute above 5% I try to enjoy the ride while I invest.

[@shawncherry6676]

Is it possible to use the tool you were showing without being a root client? I am seeking a financial planner to do a one-time plan but found out on your website that you do not offer those services. If not offered to non-clients, do you have a recommendation for good one on the general market?

[@earlyretirementari]

Yes - see here: ari-taublieb.mykajabi.com/early-retirement-academy

[@shawncherry6676]

@@earlyretirementari Thank you, Ari. Really appreciate your quick response. Look forward to checking this tool out.

[@shawncherry6676]

@@earlyretirementari Appreciate the link. Is the use of the RightCapital software limited in anyway? I'm considering this vs New Retirement and wanted to see if you had a perspective on comparing the two.

[@shawncherry6676]

Can you let me know Is the use of the RightCapital software offered as part of the Early Retirement Academy is limited in use and if so in what areas?

[@bobs74xlch]

@@shawncherry6676 I see he never responded to this question and was wondering if you went ahead and joined and if the software is 100% the same as in this video? Thanks

[@appleblows1]

If one signs up for the course and pays the one time fee, does he/she gets the access to the retirement planning software forever?

[@earlyretirementari]

Yes.

[@neverclevernorwitty7821]

I’ve been doing too much retirement planning lately, didn’t need the calculator. I had an almost reflexive BIG NOPE when he said, retire at 55, spending 8K/mo with only $1M.

[@ivanvarykino8202]

Totally agree. I have the equivalent of nearly 3x that amount at 60, and 8k per month is my max draw for a normal year.

[@pedrozatravel]

I am done at 55 wherever I am. If it means I have to move to rural wherever, so be it

[@ZelenoJabko]

You were wrong when you said that they can spend way more. At 2:00

[@ErnestSanchez-i6k]

Real video: Me: I have a million dollars, can I retire. Ari: yes. END OF VIDEO.

[@hejiranyc]

One thing you didn't consider is what they could be doing TODAY. Based on the info provided, it looks like they are only saving $14K per year into their retirement account. They are grossing just under $20K/month today, so there is zero excuse for them not maxing out their retirement account contributions. They need to go into hyper austerity mode starting immediately so that they can retire comfortably before 60.

[@tempusfugit3617]

Does the software link with actual brokerage accounts and zillow for instance to get a complete networth view? If it does - does it also clearly identify your asset allocations like stocks, bonds and cash?

[@earlyretirementari]

Yes.

[@peterwright837]

What’s the difference between your Early Retirement Academy program and James’ Retirement Planning Academy program? Do they both include all the same software modules?

[@earlyretirementari]

Both the same software. No difference other than instructor.

[@mariae.6930]

You never got back to the health care ... is health care included in the monthly expense?

[@liveandretireusa]

of course there is

[@EC-pk1qb]

Nice video. I am interested in joining the early retirement academy but I have a couple of questions. In the software that we have access to, are there any parameters that are not adjustable, in particular, the inflation rate. Also is the rate of return set by the user or based on historical data of the asset allocation? Based on your other videos, we can use the software to investigate the effects of Roth conversion, correct?

[@earlyretirementari]

1. There are a few parameters that can’t be adjusted for compliance reasons and can only be adjusted to advisors. The feedback so far is the access allows them to get what they’re looking for. 2. Rate of return set to moderate and assumptions are all shown in the academy (lesson 1, module 2) 3. Yes - access to same Roth conversion tool. This is designed for those want to optimize and be their own advisor. See what people say about it here: ari-taublieb.mykajabi.com/early-retirement-academy

[@EC-pk1qb]

@@earlyretirementari Thanks for the quick response.

[@earlyretirementari]

@@EC-pk1qb you’re very welcome!

[@Stitch-smart]

The system isn't taking into account Minimum distributions

[@earlyretirementari]

Check out cash flows page. It does!

[@InfoSecTangSoo]

How are these your clients if Root requires an "investment minimum of $2M"?

[@bcusaaus4749]

Ah yeah!!! It’s truely subjective pending on lifestyle.

[@rda9441]

Great case study...what would 7500 a month and retiring at 57 with 15k for travel per year for 15 years leave in the bucket at 90 years old?....400k to heirs or closer to 1 milion?

[@shirleysanchez1866]

I need a tax planner with the fancy software. I need to know if to sell, to work or 1031 a property.

[@liveandretireusa]

In my opinion, I can retire early