Is $3 Million Enough to Comfortably Retire On?

[@Ammo-Hoarder]

50 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. I retired with $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

[@MIchaelGuzman737]

Right alongside you. No debt, early retirement. Children are well-cared for. On 11 acres overlooking the river valley, I'm constructing the house of my dreams. There are many methods to get rich right now, but only real-time professionals are capable of making such high-volume, near-perfect trades.

[@sommersalt88]

@@MIchaelGuzman737 That's right, I began investing sometime in 2018 and by the end of 2022, I had earned a profit of over $750,000; This can only be carried out by seasoned institutional investors with ISDA agreement. With no prior investing experience or skill, Instead I merely followed the instructions provided by my investment advisor, proving that you don't have to be an expert investor or put in a lot of effort; all you need is a professional who can mentor and guide you for a fee.

[@kashkat987]

@@sommersalt88 I'm glad I stumbled upon this discussion. If you don't mind, could you tell me the name of this investmėnt advisōr who helps you with your investments and how I can contact them?

[@sommersalt88]

Having an advisor is essential for portfolio growth and wealth creation through the stocks market. My advisor is "JIll Marie Carroll" who is easily searchable and has extensive knowledge of the financial markets.

[@kashkat987]

@@sommersalt88 This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@PaulKatrina.]

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.

[@JohnSmith060]

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.

[@ClarkeGriffiny7]

You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@Hectorkante]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@ClarkeGriffiny7]

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.

[@ChristianKelv]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@AUtiger1320]

Probably the most dangerous advice Dave gives is telling people they can safely use a withdrawal rate of 10%. No financial models or studies have ever shown 10% as a safe withdrawal rate over the long term.

[@andreasmelkersson3592]

@Tyler Gross Haha, yeah it's pure madness to use such a high withdrawal rate. I think 3-4 % is the safe spot.

[@shawnhemingway6942]

Depends on their age as well.

[@sundarrajan1185]

Buy rentals

[@hsingholee4972]

3% really from him, not 10.

[@xman666soad]

That’s if you don’t want to leave any behind. My boss has some money and he’s going to take out 8-10% a year to live comfortably but he doesn’t want to leave a huge windfall for his kid. 🤷🏾‍♂️ Makes sense

[@Hannahbenowitz]

People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.

[@HildaBennet]

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.

[@PennyBergeron-os4ch]

It's recommended to save at least 20% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so may ways! She has upscaled my portffolio and even got me reading self help books haha

[@JosephineKenney]

That's an intriguing outcome. How can I contact your Asset manager?

[@PennyBergeron-os4ch]

Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science

[@JosephineKenney]

I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@DonaldMark-ne7se]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@kevinmarten]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@Jamessmith-12]

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

[@JacquelinePerrira]

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

[@JacquelinePerrira]

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

[@CharlesPerkinsRageGamer]

This comment section is apparently full of bots

[@hillaryrowland1]

I began my investment journey at the age of 27, primarily through hard work and dedication. I'm to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier it is not about achieving quick wealth, but rather ensuring long-term financial prosperity

[@Queenbrenda989]

Investors should exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields

[@GideonMitchell17]

This is superb information,as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@ChangKim960]

What differentiates the poor from the rich is what both do with the information they get. While the poor doubt almost all the information they find, the rich gets richer by doing things that the poor did not do when they get information. For financial success and investing, always work with a financial advisor who is ready to help you succeed

[@MargaretGeoffrey]

Risk management should always come first, the reason many traders lose money is not simply due to inexperience or a lack of knowledge of the market, but because of poor risk management

[@SteveDaniel152]

Losses are necessary, as long as they are associated with a technique to help you learn from them

[@Lanafromarcher]

It gets so infuriating how much misinformation is out there about retirement investing. Thank you for shedding some light on how ridiculous KZbin finance has become. I've been following the 4% rule thing, I still have $100k outside retirement funds to put in the market.

[@Porterfield11]

For near retirees and does who know nothing next to finance it is best you reach out to an advisor before making any decisions.

[@andbeyondd]

I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. Other than Disability Cheque, I earn enough from home and live comfortably with her help.

[@biankabrodeur01]

I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?

[@andbeyondd]

Melissa Jean Talingdan is a hot topic among financial elitist in The US. She's gained some reputation for her works during Covid. All the info. you need to set up an appointment is on her web page.

[@biankabrodeur01]

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

[@Angelinacortez495]

Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE

[@danieltaylor--65]

Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.

[@donaldwayne7023]

True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.

[@debbygradley25]

You seem to know the market better than we do, so that makes great sense. Who is the guide?

[@donaldwayne7023]

“LAURELYN GROSS POHLMEIER ’’ 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.

[@JenniferDavis7630]

I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks

[@Blitcliffe]

Certainly! I understand that living expenses and taxes can take up a significant portion of one's income in the UK, which can limit how far that income can go. Even 100k doesn't get you very far and the dream of retiring early is starting to seem like a fairy tale. I have roughly $200,000 in 401(k) that I need to grow quickly. Please leave a comment if you can help.

[@Aziz__0]

Invest in the financial market. I heard that people make millions if you know the tricks of the trade. Bloomberg and other finance media have been recording cases

[@Countstep0099]

@@Aziz__0 It depends on your personal preferences and comfort level. However, one option is to keep things simple and consult an investment-advisor. They can help you determine your risk appetite, avoid common mistakes, and provide a broader perspective on your investment landscape.

[@2024Red-j5t]

@@Countstep0099 This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?

[@Countstep0099]

@@2024Red-j5t Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "NICOLE DESIREE SIMON" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

[@2024Red-j5t]

@@Countstep0099 This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.

[@JMadrid6]

I love Dave’s 12% funds that he never shares lol.

[@andreasmelkersson3592]

@Justin Madrid He has on several occasions used the average number to calculate CAGR. People who listen to him will underfund their retirement.

[@patienceisalpha]

Because it doesn't exist.

[@Kold2012]

any S&P 500 etf ...

[@JMadrid6]

@@Kold2012 S&P does not have a 12% historical return...

[@Kold2012]

@@JMadrid6 "The average annualized return since its inception in 1928 through Dec. 31, 2021, is 11.82%. The average annualized return since adopting 500 stocks into the index in 1957 through Dec. 31, 2021, is 11.88%"

[@DennisJack-km8ho]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[@LuvmeRos]

Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

[@CrystalJoy-32]

Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

[@albacus2400BC]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@CrystalJoy-32]

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@RuthEvelyn-rc3bg]

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

[@GraceOliviaf7y]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

[@AgnesHarperq3x]

The deeper your investment roots, the stronger your financial security will be in the future.

[@MatthewAidan4ns]

Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

[@NikolasMartine01]

I would love an introduction to an adviser who can help me strengthen my financial roots.

[@MatthewAidan4ns]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@NikolasMartine01]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@skatershaner]

I generally agree with what Dave is saying. But waving the 10% figure is dangerous. We can't assume 10-12% returns year over year. Sure, the last few years have been great. But that doesn't mean he can spend a couple hundred thousand a year.

[@tyronebriggs5721]

Dave’s argument is on average the market gets you 10% returns some years are 3% while others can be 15% but the average over the last couple decades is 10%+

[@jasonmaglia7025]

@@tyronebriggs5721 and some years are -35%. On 3 mill lifetime savings that would be over 1 mill loss in one year. It can happen it has happened and it will happen again. Risk Reward. I would keep 2 mill in safe cds or real estate and invest the other mill.

[@jasonmaglia7025]

And on average meaning what? Compound returns over 5 years and 25 years as an example vary greatly. Not disagreeing with your comment just adding my 2 cents

[@ronron2312]

@@tyronebriggs5721 Except you have to consider sequence of return risk. A major drop in the stock market just before and after retirement could result in a significant reduction in his savings.

[@nev1674]

I find a lot of advisors attack Dave’s return rate. I could be wrong but I don’t think Dave’s numbers are inflation adjusted where as a 7% inflation adjusted return isn’t considered too aggressive based on what I have read and is used by a lot of the industry. I don’t think Dave’s numbers are too far out.

[@jamesmaduabuchi6100]

Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.

[@jamesmaduabuchi6100]

The key to making money in stocks is not to get scared out of them. An important key to investing is to remember that stocks are not lottery tickets. Get a financial assistant

[@jessicamamikina7648]

@@jamesmaduabuchi6100 I think this is also a great time to invest in private equity and cryto. Can you give a pointer ?

[@jamesmaduabuchi6100]

I currently work with Tamara Diane Hagan a financial expert i met in a seminar

[@lucythompson5841]

I recently watched Tamara Diane Hagan on TV , such a great speaker . but have you made any profit whatsoever working with her ?

[@jamesmaduabuchi6100]

@@lucythompson5841 I have been able to make maximum profits off my trade with $40,000 and I have amassed about $190,000 in net profit In 4 weeks

[@lkj0822g]

Year to date, the S&P is up 17%. That one million to the side has cost him $170,000 in returns if he had just invested in an S&P Index Fund. This is why you need a competent financial advisor, not only for investing, but also for withdrawal strategy.

[@jaskaranmangat4391]

But if the maker crashed it would have been sad

[@mustafawali4488]

Up 20% YTD*

[@mustafawali4488]

@@jaskaranmangat4391 except it didn’t

[@gzfashions]

Because of the trillions Jerome and the Feds have printed.. ** money machine go burrrr

[@brocklarson457]

Or you can just invest in index funds like VOO or SPY S&P indexes without the middle man financial advisor…

[@mohican-jx6fx]

Lately I've been contemplating retirement, uncertain whether my 401(k) and IRA will ensure a secure future. I've also invested $800K in the stock market, experiencing fluctuations without substantial gains.

[@cloudyblaze7916]

Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management.

[@ericmendels]

Exactly my solution too, even though I'm not retired. As a contractor with limited time to analyze investments, I've relied on a fiduciary for the past seven years to manage my portfolio. This strategy has helped me navigate market fluctuations effectively and also increased my porfolio by up to 300%. You might consider a similar approach.

[@gregorywhem]

I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one.

[@ericmendels]

*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@FeelMyTruth]

Thank you very much for this. I'll send her an email and I hope I'm able to connect with her.

[@katherineosere6597]

The real road to this man’s wealth was living on 50-60k from 22yo to 58yo.

[@kingnothing8482]

@@M4.M3ekw nah wouldn’t you rather be comfortable in your final years and being able to give to the next generation?

[@joevarga5982]

@@M4.M3ekw Who says you need to spill a lot of money to enjoy life? "What’s the point of living your whole life saving every penny, and then being wealthy when your about to die or have health issues..." Because you don't want to RUN OUT of money and end up on the STREET when you're old and CAN'T work any more.

[@joevarga5982]

@Anthony Harris Social security is no longer intended to cover all of your expenses. The system is a massive Ponzi scheme and is going broke. SS does not cover any medical bills, and Medicare doesn't cover all of the medical bills either. Further, SS payments are calculated based on the amount you've paid in to the system. Many people don't qualify for spit. Reliance on SS to save your bacon is very foolish.

[@matthewgardner2144]

@@M4.M3ekw How many car leases do you currently have? How many times have your refinanced your mortgage to pull out cash because, you know, FOMO? Oh, and how far behind in retirement savings are you? Enjoy working till you're 80.

[@Run4Ever77]

@@M4.M3ekw Who said they "saved every penny"?? No one. And, spending $50-60k a year can be a pretty nice lifestyle, in many parts of the country...including Texas.

[@MasonKalair]

I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that i want to invest in a non-retirement account. Where would you invest this as of now?

[@danny13293]

Take a vacation, the return on that investment is priceless

[@Jay28-M6C]

Put 75% in a brokerage account and let it sit in a settlement account that draws a few percentage points. Put 10% in something safe and accessible that can be used as an emergency fund. Invest the other the other 25% into CD's or Treasury Bonds. As far as the brokerage cash, wait... Just wait. I invest for a living, and I firmly believe that a reset is coming, especially if Harris wins. Let the market dip and then buy during the fire sale! Focus on growth stocks when the time comes, and stocks that are growth and dividend stocks. Be patient!

[@gingerkilkus]

I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?

[@TomD226]

I have maintained contact with a financial analyst since the inception of my business. In today's dynamic market, the challenge lies in determining the opportune moment to purchase or sell when investing in trending stocks, a task that may seem straightforward but can prove to be quite challenging. With a portfolio that has increased by over $400k in a relatively short span of one year, I have delegated the responsibility of selecting entry and exit orders to my advisor.

[@lowcostfresh2266]

@@TomD226 Inspiring! please can you leave the info of your investment adviser here? I’m in dire need for one.

[@TomD226]

​ @lowcostfresh2266 My advisor is Laurel Dell Sroufe, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@deuceswild6857]

@@TomD226you bots are brutal!

[@Emily-le2op]

I am a 54-year old Burnt-out doctor with $400K in declining investments, planning retirement soon. Seeking best stock strategies for market downturns and hyperinflations

[@biankabrodeur01]

At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

[@SaintYvess]

Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

[@waltzwalter]

This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation

[@waltzwalter]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@ericgofreed1651]

At a similar age, I was contemplating retirement too. It wasn't the work, my patients (dogs and cats), or their owners that decreased my job satisfaction. Instead, it was all the other issues, like hiring and firing, payroll, staff and staffing, inventory, and everything else that came with owning an animal hospital. I got rid of the two employees who caused most of my problems and felt so good that I looked for others to let go. I elevated my best employee to office manager, and she took care of inventory, scheduling staff, and all the tasks that were robbing me of the pleasure of my working life. Life was good, and work became enjoyable again. I worked another productive and fulfilling decade.

[@MrOfficer235]

He needs to relax and turn off the cable news.

[@jose2212-]

I have an Investment portfolio that's worth $1million, I don't think that'll be enough for retirement. I need an average risk investment strategy in stocks that'll give me more yield. Is buying stocks now a goods idea?

[@carolynrose1816]

As they say, time IN the market is better than trying to time the market. I think you should seek advice from a licensed financial advisor. They’ll give you guide on high risk and low risk investment strategies for your portfolio

[@AddilynTuffin]

Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.

[@albacus2400BC]

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

[@AddilynTuffin]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Ogden1]

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

[@tonimhamilton2072]

If you invest $200,545 into the S&P, then assuming a 10% annual rate of return, your child at an early retirement age will be 2 Million plus rich, excluding every other income channeled to this. We need to invest much more. Focus on the company not just the stock price, true words from my F.A James Fletcher Brennan..I made over half a million from ALB and NVDA..I love passive income.

[@robertthurmond8161]

I'm convinced that all of these finance jargon, unnecessary extra steps, and weird math are used to scare away hard-working people from claiming what their companies actually owe them for all of their hard work and for this sole reason I make sure I use an advisor.

[@taylorgreen5908]

My method is to buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct.

[@victoriaaldrin]

When it comes to stocks and investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance

[@simonomilan]

i love this, we salary earners need multiple income stream because personally i want to be financially freee

[@larrykramer2761]

How is this guy smart enough to save $3M yet stupid enough to not know if he can afford to retire? Sometimes I think these calls are just for the person to brag about how rich they are.

[@andrewbullman1685]

Just reassurance for themselves.

[@jakeconrad6050]

Wants some praise from Dave

[@sachavez100]

Bingo.

[@FatherAndTeacherTV]

@@andrewbullman1685 Good point

[@katherineosere6597]

LOL. Unless it was a spontaneous jackpot type of thing, I would suspect the same rhing

[@roddywoods8130]

Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Coin that will align with my risk tolerance and financial goals

[@selenajack2036]

While the market is promising, expert guidance is essential for effective portfolio management.

[@hushbash2989]

Opting for an inves-tment advisr is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022

[@kaylawood9053]

I'd love to work with the same advisor you invested with. How do i align with the person?

[@hushbash2989]

She goes by ‘’Lauren Marie Ehlers'’.... 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.

[@bsetdays6784]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her

[@mlh5434]

One thing I like most about Dave that sets him apart from all the other personal finance gurus is his advice on ignoring the S&P and instead putting everything into the growth stock mutual funds averaging 12% annual returns. These funds don't actually exist or anything, but just the sheer fantasy of it is really cool and fun to think about.

[@nekojamesp]

Also, as you get older it is probably not wise to have all your retirement money in an S&P fund.

[@Christine-wp2bw]

As a passive investor, is it wise to buy market tracking index funds and ETFs from companies like Blackrock, Vanguard and State Street, even when they're at all time highs? i want to invest around 600k for retirement

[@WestonScally7614]

These funds offer diversification, low fees, and long-term growth potential. Given the significant amount you plan to invest, consulting with a financial advisor can provide personalized guidance tailored to your specific situation and retirement goals.

[@FelineAirstrip]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@JordanReam8186]

pls how can I reach this expert, I need some investment guidance

[@FelineAirstrip]

Victoria Louisa Saylor is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Powerz00]

Wow, her track record looks really good from what I found online.i just filled the form and scheduled for a call. Thanks to you

[@michaelwiebeck3]

I have an Investment portfolio that's worth $1million, I don't think that'll be enough for retirement. I need an average risk investment strategy in stocks that'll give me more yield.

[@Rachadrian]

As they say, time IN the market is better than trying to time the market. I think you should seek advice from a licensed financial advisor. They’ll give you guide on high risk and low risk investment strategies for your portfolio.

[@Dantursi1]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed.

[@Derekhoffman312]

@@Dantursi1 That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?

[@Dantursi1]

I have worked with a few financial advisors before now but i ultimately settled for 'Annette Christine Conte'. She is SEC regulated and licensed in US. You can easily look her up

[@Derekhoffman312]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@alexsteven.m6414]

Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.

[@firefighter-i6q]

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

[@vanessahopkins-g5y]

I think you're better off with majority investment in S&P500 and uprising equities cos they always outperform. Also speaking with an advisor can help with pointers. I've been in contact with one I reached through commentaries here, she has been really helpful.

[@NorthCarolinaForward]

Hello, thanks for replying. I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?

[@vanessahopkins-g5y]

"Rebecca Nassar Dunne" 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.

[@MarcyLoccy]

Found her webpage, I wrote her an email and scheduled a call. Hopefully she responds. Thank you.

[@sbkpilot1]

Seriously.. I am going to call in one of these days and ask if $50 million with paid off mansions in San Francisco and Lake Como, Italy is enough...

[@charletfoster8917]

😂😂😂😂😂😂😂

[@Imhere12345]

As long as you eat beans and rice

[@JustinCase780]

And, when you call in you can ask Dave for permission to purchase an Alfa Romeo

[@jamiecrawford8133]

@@Imhere12345 ...and drive a '74 Pinto

[@esther.74]

Investors take on higher-risk investments or speculate on market outcomes in hopes of achieving higher returns. This approach can lead to fluctuations in their retirement savings, as market conditions can be unpredictable. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.

[@Adukwulukman859]

Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.

[@ThomasHeintz]

Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

[@talented009]

@@ThomasHeintz wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@ThomasHeintz]

Laura Marie Ray is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.

[@JohnMoore1641]

@@ThomasHeintz Thank you for this tip. it was easy to find your investment advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@Evelyn32423]

Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement

[@Hudson367]

That's up noticeably from 41% in the fourth quarter of last year. Again, despite shaky-looking markets, I'll suggest you speak with a market expert before investing

[@Scarlett34568]

Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

[@Hazel5063]

my partner’s been considering going the same route, could you share more info please on the advisor that guided you to such impressive gains?

[@Scarlett34568]

AILEEN GERTRUDE TIPPY’’ 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.

[@Hazel5063]

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.

[@DaveM-FFB]

Why is Ramsey not recommending the 4% rule? Also don't assume earning 12%. Better to assume 8% to 10% on your investments, on average.

[@Hawking1969]

yes 12% is nuts. frankly 10% is nuts. I assume 4% real return (over inflation).

[@aaront936]

It's the only way he can sell his listeners on putting off investing while wasting years of their lives paying off low interest mortgage debt instead of getting their dollars compounding.

[@jameswalker590]

@@aaront936 I agree with you on investing over paying the mortgage, but what you said doesn't make sense. If Dave overstates the returns in the market, that would make his listeners WANT to invest, right? I plan mine on 8% return.

[@thomasreedy4751]

He has a magic stock picker. Quite honestly 12% return in the bull market is quite low considering considering the S&P is going up 20-30% in the past few years. I believe the 4% rule is for a 60% / 40 portfolio over approximately 30 years. As some investors have a higher percentage of stocks, they may go higher than 4%. If someone is going to be retired longer than 30 years or a less risky portfolio they may go for less than 4%. Ramsey has an analyze the short term mentality and should have asked “how much do you need,” but he never does when it comes to retirement. He seems to think debt free = expense free which is not the case. If you have no debt and a paid off housing with low tax, you should be able to live off of social security. So no risk.

[@Pola509]

@@Hawking1969 4% is garbage unless you are playing it safe. Getting 7-10% year after year is pretty normal.

[@NormanGhali]

How can one take advantage of Financial market and potentially grow your retirement savings/net-worth to about $3M over time?

[@DanielPanuzi]

A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

[@judynewsom1902]

That’s impressive, have you always had a financial advisor?

[@judynewsom1902]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

[@AddilynTuffin]

nice

[@robnelson6545]

Spend less than you make. Invest in index funds. Don’t touch them until you need the money.

[@markh3088]

4% rule says he can spend $120K per year. A lot less than Dave's $250K. You should not assume that you are going to pull 12% per year.

[@harryl7946]

I can live off 110k a year. Or at least give it a good go! 🤣

[@matthewgardner2144]

That's actually horrible advice on Dave's part. Dave's not used to people who are not in a debt hole.

[@NotQuiteEpic]

Why not? Dave assumes 12% growth all the time and has for years.

[@markh3088]

@@NotQuiteEpic Because Dave is making things up. Six to 7 percent over a 20 year period is more like it.

[@usddcm]

Don't take Dave's advice about the stock market.

[@ozarked2363]

I'm 61 and way more conservative on my investing than Dave recommends. Here's what I tell my financial guys when they tell me I have lazy dollars. At my age inflation is a leaky faucet. Yes it costs me money on a daily basis but it isn't going to bankrupt me if I ignore it. A market correction, on the other hand, is flood waters rising in my house. That can leave me penniless and on the streets. I'm setting up a 4 bucket strategy. Bucket 1 is my 6 month emergency fund in a savings account with a credit union. Bucket 2 is a 36 month CD ladder. Bucket 3 is our actual retirement savings 401K and IRA accounts that have been reallocated over that last couple of years for a modest 4% to 8% return. Bucket 4 is our long term market invested savings.

[@stupit19]

Sounds like a great strategy. Thank you for sharing sir.

[@chiggedycheckyoself]

I respect your conservative approach but isn’t it barely keeping up with inflation? Unless you have several millions in your 401k you could end depleting your assets. Market corrections last less than 140 days on average and break even in less than that. Worst case you could put 12-18 months in a savings account to weather the downmarket without tapping into your positions. And at 61 you can/should still think long term.

[@ozarked2363]

@@chiggedycheckyoself It's about the proportionality. Each bucket has a larger share of our savings. I want to be able to weather 4 years of bad returns. You never know when you'll get a President with no clue on managing the economy and a Congress with a majority that wants to spend money we don't have.

[@chiggedycheckyoself]

@@ozarked2363 thanks for clarifying. Your scenario describes the situation we already have/had with our current and previous president and congress.

[@kckuc310]

Great advise, better than Dave!

[@Rubie-q4s]

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.....

[@Golda-ln3ri666]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@RolandeKretzschmar5]

how do I get in touch with this consultant that assist??....

[@Golda-ln3ri666]

STEPHANIE KOPP MEEKS, that's whom i work with look her up and thank me later.....

[@RolandeKretzschmar5]

Thanks for the info . Found her website and it really impressive

[@johnawara9719]

Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.

[@FlorentGulliver]

The strategies are tough for average people. They're usually done well by experts with lots of skills and knowledge.

[@danguRobert]

@@FlorentGulliver I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.

[@YinusaSaheed]

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

[@danguRobert]

@@FlorentGulliver MARGARET MOLLI ALVEY is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@YinusaSaheed]

@@danguRobert Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@boxer6796]

I was thinking the same thing. Dave is right. But for me, if i had 3MM, I would buy Vanguard index funds that only have a 00.4 - 0.08 expense ratio, ( Next to Nothing ) and and receive a 10-15% average return, without even touching the principle of 3MM. He can easily live like a KING!

[@gaznaz]

😂😂😂

[@yaykruser]

10to 15% ,lol net return after taxes of 1% more like it

[@briangasser973]

​@@yaykruserIf you are paying 20% capital gains and 3.8% extra tax, you will be fine.

[@yaykruser]

@@briangasser973 dont forget pre tax and inflation, if you make 10% and inflation is 10% and you pay 25% taxes you actually lose 2.5%.

[@briangasser973]

@@yaykruser Except tax brackets and the standard deduction are also adjusted for inflation.

[@Countstep0099]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45.

[@carter3294]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

[@floxydorathy6611]

@Bill Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

[@floxydorathy6611]

@Bill I just checked her out and I have sent her an email. I hope she gets back to me soon.

[@yaykruser]

3 fuuggin Million? Average retirement in germany is 1300 a month, ok, add 30% living cost for the Us and you still under 2k a month! thats like a 1% payout of your 3 million! People just never reach 3 million to retire, thats why they retire with less!

[@mar504]

@@yaykruser Bro, the US does not have universal healthcare and Germany does, that is a massive expense for people here. $1000 a month just for premiums, then you still have to meet a deductible before insurance pays out anything. I could retire much earlier if I didn't need to worry about that.

[@John-bd9fj4435]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@John-bd9fj4435]

That's impressive! I could really use the expertise of this manager for me. Who’s the guiding you?

[@John-bd9fj4435]

Thanks for the efforts you put in these. I found her and i leave her a message i await a response

[@ICantSpellDawg]

This guy is a crazy person. Is he bad at math? "I have no debt and 3 million and only spend $60k a year... Can I retire?' What in the world?

[@kaplada22]

Dude's a troll or an idiot.

[@igot5onit423]

I could retire on 500,000 buy a small house & just invest and take out 4ish% every year..

[@yaserchow]

Yikes, that's only $20,000. Sounds miserable.

[@yaserchow]

@@aytcs that's really amazing? Where do you live? I live in NYC and my lifestyle is not lavish at all, but I would die on that budget. Maybe I need to move. hahaha I'm happy that you're happy though.

[@xJayhawkFANx]

@@aytcs jeez, dude. Do you live in a box? That's literally poverty wages. Just because I can't live off $20k a year doesn't mean I'm living a "lavish lifestyle". 20k is like minimum wage. Where in the world do you live to be able to afford rent, food, insurance, electricity, water, medical, gas, etc...?

[@JuancoPRoFlow]

@@aytcs where do you live? I wanna do something similar

[@mannythompson8800]

@@aytcs what you're saying isn't too far fetched... I agree, a person can live on $20,000 in certain areas and under the right conditions. Either use a cheap reliable car, bike or public transportation. Own your house outright, or rent instead. Cook at home most of the time (which is also healthier). Pay ur taxes, insurance, etc. It's very doable, but made easier the higher the passive income amount goes. $20,000 is doable. $40,000 or $50,000 better... $80,000 plus comfortable. My wife and I are at about $30,000 passive income now,and are building it up as high as we can before I turn 40. Then, we plan to reassess.

[@Longjohnsilver58]

He is 58. He needs health insurance for the next 7 years. That should have been the first question. Where does his insurance currently come from and where will it come from? He then mentions minor children. How old? That should have been the second question. Providing for those children, especially health insurance, can be costly. Three million is a ton of money for an early retiree and certainly doable but the health care and children must be factored into the equation.

[@jimhandler1129]

Totally agree. That is my question. Can't retire until 65 based solely on health insurance

[@keithcollins4955]

Unless you factor in your health insurance cost. It can still be done.

[@dhammer6715]

At 62 he can take social security at a 30% reduction from his full retirement age amount. Then his children and wife will also get social security up to the reduced family benefit amount. The wife loses her benefit when the youngest child turns 16. But if she’s 62 she can start her own early retirement if all the kids are over 16. I’m in the same situation and should clear around $50k/yr in social security when I turn 62.

[@dhammer6715]

Also, real estate income will not hurt his early benefits, only earned income will reduce your early social security benefits. That’s why I’m looking into rental real estate for supplemental income, and not working a job.

[@CampCucumber]

Ur right. Healthcare will bankrupt him. Healthcare for a family costs $1m a year. How did they not factor this in

[@AdversaryOne]

Only 3 million? Start collecting cardboard boxes and claim a nice patch of sidewalk under your favorite bridge.

[@thullraven1]

If you have $3 million and you are worried whether you can retire or not, you are doing something wrong.

[@marcind4644]

it’s basically just brainstorming

[@fabianmoss124]

I retired at 53 now, 55. I have close to a six-figure portfolio, 70% income uk 🇬🇧 stocks, blue-chip companies, the rest in growth etfs sp500 nasdaq global technology, etc. I still like the growth aspect of investing but as my grandkids would inherit all this how best does all this get best managed for better returns?

[@RoseGuerra7862]

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.

[@martinheaway]

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 $800k

[@JaneClark7861]

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

[@martinheaway]

My CFA ’Amy Desiree Irish’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@JaneClark7861]

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@j.m0ney133]

$3M is a lot of money. Should be plenty to live on if you don’t drain the nest egg which should be invested.

[@a.m.doesit9347]

Yeah sounds like this guy is just flexing lol

[@harrychu650]

Not according to Suzie Orman. He should invest a large portion into Tesla stock while it is still on discount.

[@davidmurray6070]

@@harrychu650 LOL. Ever since Suzie bought her own island she's been a tad out of touch.

[@arthrodea]

Thank god no one is listening to you - it’s definitely not enough given his age and inflation

[@TartarianTopG]

@@arthrodea they’ve only been living off 60

[@jme92685]

“Can I retire on $3 million?” You tell me.

[@Imhere12345]

No

[@jme92685]

@@Imhere12345What kind of spending habits do you have? $3 million is better off than 95% of the population. You really can’t make that last thru retirement?

[@moneymanfernando1594]

No, you need at least $100 Million.

[@jme92685]

@@moneymanfernando1594 I’m sensing sarcasm haha

[@moneymanfernando1594]

@@jme92685 yes, of course.

[@HeRacesTheSun]

I retired at age 51, now age 67 and my net worth is $750k. I will always be comfortably retired, I have no debt not even 1 penny. What also makes me feel so secure, comfortable & safe is that after 2 divorces, I am not married and have no children, just 3 loving dogs. Some men say... 'Happy wife = happy life' For me it's... 'Happy life = no wife' A couple of my friends used to say to me... "Don't worry, you'll meet someone" And I always said to them... "How dare you threaten me, I thought we were friends" Ah, the freedom & bliss of single life : )

[@JamesSmith-cm7sg]

Is it really blissful or is it just quiet?

[@apha55]

@@JamesSmith-cm7sg Quietly blissful.

[@austinbrady4080]

Yeah…. Not buying this my guy. Something tells me that the issue isn’t the wife, it’s you.

[@HeRacesTheSun]

@@austinbrady4080 I didn't post the story to sell it to anyone, and whether you 'buy' it or not does not matter to me, it's just a factual story. With 35 likes on my story so far, you might be the one with the 'issue'

[@austinbrady4080]

@@HeRacesTheSun 🤡

[@evdorn]

I'm still a beginning investor but I feel like Dave's "guaranteed" 12% return growth stock mutual fund estimate is very optimistic

[@CianMcsweeney]

It's a little simplified yes, because there will be years where your principal does shrink maybe 10-20%. It also doesn't account for inflation. But, etf's and mutual funds are still great long term investments

[@kellylaflash1016]

I could live comfortably in retirement with less than 10% of that (I live a very simple life).

[@MathewOliver486]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.

[@Lourd-Bab]

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

[@MathewOliver486]

@@Lourd-Bab However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

[@Lourd-Bab]

@@MathewOliver486 Oh please I’d love that. Thanks!.

[@MathewOliver486]

@@Lourd-Bab Suzanne Gladys Xander is her name .

[@MathewOliver486]

Lookup with her name on the webpage.

[@peteryates7505]

This is a classic example of static investment advice….in an up market funds return 10% but the market can turn on a dime….getting 7% in the last year was spectacular

[@RetireWithLess]

Crazy that the media and the "experts" can get that far into peoples heads that they would think 3 million is not a significant amount of money. 58 years old, lives on 50K per year and 3 million isn't enough? The financial industry needs you to keep working, they do not have your interest at heart.

[@Sean-tn5nv]

Even if he kept it as cash it would last 60 years. If you spent $100k per year it would still last 30 years. Insane that he is even questioning it lol.

[@JustinCase780]

Suze Orman 🤣

[@Sean-tn5nv]

@@aytcs Oh yeah I was just illustrating how silly his question was with his expenses!

[@e-man2081]

@@Sean-tn5nv Don't forget inflation. An average of 10% returns annually is less when you consider inflation.

[@athens31415]

@@Sean-tn5nv Then you get the 800K medical bill for treating your cancer at 62.

[@paulatripodi3989]

The question isn't is it enough. It's is it enough to retire on and live the lifestyle to which you are accustomed. For myself, and I venture to say, for most people, this would be enough for a lifestyle far more luxurious than I have ever enjoyed. Good for him having made wise choices and for asking for advice if he is unsure. Not knocking him. But to many his question comes across as a joke.

[@michaeld4090]

Is $3 mil enough tho? Healthcare expense is insane

[@adamwatkins1150]

his question is a joke...he just doesn't maybe realize it he's so OCD

[@michaeld4090]

@@adamwatkins1150 $3 mil. I think its a great question. If you take $50,000 a year , you are just making it

[@Sercil00]

Considering he lived off of 60K so far, it should work out. Even at a much more conservative return rate of 3% (adjusted for inflation), he'd be looking at 90K a year. And so far, he's obviously been investing a lot of his salary for retirement, so he lived off of less than 60K. He no longer has to do that. If he doesn't have children that depend on him anymore, that's another huge expense gone. He'd have 50% more than he did so far, with potentially much fewer expenses.

[@eugeneforge]

This is really a lesson in learning how to spend money you have invested. If you understand why you invest and can see how your money grows over a long period of time, it is very easy to see how you will continue to earn money from your investments and if you remove simply part of your earnings every year you should have no problem living on that. I have been doing this math long before I had any wealth at all.

[@danielsheppardtv]

Can someone explain why Dave always quotes a 10% withdrawal rate? Has he never heard of sequence of return risk? Those mutual funds do not return 11% EXACTLY per year, that's probably a rolling 10 year average or something. Meaning year one it might go down 15%, year two down 20%, year three up 35% etc. If you take 10%, according to nearly all retirement calculators for 30 years your percent of success is vanishingly small. There's something called the Trinity study which was done by 3 separate universities and they all came up with 4% max as a safe withdrawal rate for 30 years. Dave can't be that ignorant??

[@HangNguyen-ih8rf]

I’m not financially literate but my sixth sense tell me Dave was talking nonsense about withdrawing consecutively 10-12% every year.

[@danielsheppardtv]

@@HangNguyen-ih8rf I am financially literate, though not as literate as many and he definitely is. Dave is MUCH smarter than me with finances but even I know the basics of sequence risk... It's frustrating to hear him give the advice.

[@hall0341]

The 4 percent rule assumes %60 market investment and %40 bond investment. Dave assumes %100 percent market investment with the ability to ride out a falling market with your emergency fund

[@hall0341]

@@aytcs I agree with your 18 to 24 month assessment.

[@aatkinso]

yep, 10% is good advice for those who want to run out of money. Just run any 1 out of the 100's of monte carlo simulations on the internet.

[@SmartMoneyBro]

Dave " I'm 58 and have a $3M nest egg. Do I have enough to retire on?" Seriously dude? What planet do they get some of these callers from?

[@krisvin7761]

Exactly

[@Lexethan2011]

It’s a legit concern. He wanted to retire early. He’s a saver and a planner.

[@SmartMoneyBro]

@@Lexethan2011 that's like saying " Dave, I'm 7 ft 4 inches tall....am I tall"? Lol

[@alphadiallo1655]

@@SmartMoneyBro Round of applause for you

[@Myraisins1]

Even if he were to leave it in the bank and take a $75 k salary for the rest of his life

[@jessicamamikina7648]

There might be an economical turmoil but there is no doubt that this is still the best time to invest.

[@jessicamamikina7648]

you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos but now its a different ball game for me because I was lucky to have met "Tamara Diane Hagan", a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.

[@henryclinton9317]

Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach Tamara ?

[@jessicamamikina7648]

search her name on the internet to reach her

[@henryclinton9317]

thanks for the info . Found her website and it really impressive

[@drewbaughman7129]

@ Cooltura Financiera use index funds.

[@sd0753]

If he continues to live at $60k a year, $3 mil will last 50 years with no growth. I think he's ok.

[@sytzee]

What about inflation Stephen?

[@amorestperpe]

@@sytzee that will obviously shorten the 50 yr window. But he's assuming 0% APR...

[@texan903]

@@sytzee with his being 58 years of age, he doesn't have a 50 year remaining life expectancy so he'll still outlive the investment.

[@harrychu650]

Taxes...

[@texan903]

@@famousamos1 they'll never run out of money unless he goes crazy spending and judging by his habits and vigilance, that's highly unlikely unless he incurs major medical bills.

[@genxx2724]

The Money Guy is a good channel for people who have graduated from Ramsey. The Money Guy audience is more sophisticated and would offer analysis and congratulations, rather than gripe that he called to brag.

[@nocigar7730]

Wish i could upvote this 100 times. The money guys are legit

[@aatkinso]

So much good advice on you tube, podcats, ect. Choose Fi, Afford Anything, JL Collins, ect. All much better than Ramsey when it comes to investing.

[@user-td7xf3gz4l]

Disagree

[@melodylewis9921]

I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.

[@emilyharley8002]

Just seek professional help from a mentor or a financial adviser.

[@karolings1774]

HELPFUL TIP It is very easy to make huge profit over a short period of time by investing with the guidance of an expert, i began investing late Sep with JOANNA MALIVA LEE a licensed broker and within 2 months i've made $258,000 from my $75,000 investment.

[@williamgarcia1210]

That's wonderful, i've always been told that investing with an expert has it advantage but i have no idea how to find one

[@lindaprater5958]

Investment is that tiny line that separates the rich from the poor. The wise from others. I can proudly say I am wise because I knew when to investment and even in the worst days I can provide for my family through my investments.

[@elizabethwilson9489]

You also know JOANNA MALIVA LEE, I am a living testimony of her good works.

[@grungeu3086]

This guy didn't need help he just wanted to gloat lol

[@patricksquires77]

If i lived on 50k and had 3milli I would gloat too 😊 - but I know what you mean. A million ‘left on the side’ is 1/2-3/4 million lost now since in market returns. 🤷‍♂️ so I would definitely not gloat on that part now! Also he sold an apartment which IS allot more ‘people’ work than regular home residential real estate…. So I don’t think he went back into RE since it sounds like he did not enjoy it. Hope they did learn to spend some time and comfort enjoyment $ for themselves - most people I know like him. ‘Million on the side/market will crash/ apartment rental landlord… they really don’t spend money at all… it is not in their DNA.

[@wampuscat1340]

That wasn't a question. That was humblebrag.

[@steveb7600]

that was my intial thought but you would be surprised about the number of real dumb rich people. A lot are very rich from doing one thing well for 30 years

[@BendyChoy]

I'd be retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, learn around $130K per year but nothing to show for it yet.

[@sebastiaanthijn7982]

You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/planner.

[@cherylhills3227]

A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations.They can help you stay on track and avoid making an impulsive decisions that can harm your financial future

[@BendyChoy]

How did you find a good finance advisor? How do you know if they are trustworthy and competent.

[@BendyChoy]

I have thought about this, but haven't figured out how to get consultation, I don't live in a big city.

[@cherylhills3227]

My CFA, ‘Eric Paul Elmer’ , is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.

[@MrBrewman95]

Hopefully I’ll have this problem in 34 years. I’m 26 and I got a Roth IRA going and my new job offers a Roth 401(k) in which almost $20,000 of my bonuses will be put in.

[@reaper-sz5tm]

Same situation as me. My lifestyle and home only require $23,000 a year to pay my actual living expenses, my after tax income is $50,000 a year. I plan on living off of my portfolio dividends once they achieve $50,000 a year and just getting a little part time job, estimated with a 3% dividend rate im at, looking between 2-4 million dollars at age 62.

[@MyLifeThai371]

I would invest the $3 million in Vanguard's "balanced index fund." It is 60% in the S&P 500 and 40% in the total bond market. I would do the 4% safe withdrawal rate each year.

[@CryptoDad83]

The moment you invest into bonds, you are losing 50% of your investment capital.

[@CryptoDad83]

@@davidvillanueva3771 i hope you know what interest 10 yr bonds are paying and what the current Us dollar inflation rate is….

[@gianfrancoilliano]

As someone who has managed both commercial and residential properties, I disagree with Dave when he says his residential properties bring him more drama than his retail properties in terms of money coming in. People will always need somewhere to live. Shopping centers, depending on what stores are in there, are more high risk given the current direction shopping has taken IE online shopping. If the center ever loses it’s anchor store, it’s going to be tough to find another one. Apartments > retail centers.

[@DavidWilliams-qr5yj]

I retired 11 years ago with 1.2 million. Travel extensively internationally, still paid for 2 weddings, and put 3 girls thru college. My net worth 11 years later, even spending all that money 💰 is 1.34 million 😊 also bought 2 new cars and a new house. This dude should retire and manage his money and relax.

[@edhcb9359]

Just because this caller’s net worth is outside the boundaries of what you have personally thought to be necessary in your own life does not mean it is an out of bounds question for Dave.

[@rajbeekie7124]

Ramsey loves telling people 10-12%. The vast majority of financial advisors don't even make 9%.

[@andyarteaga2649]

@@davidvillanueva3771 and what is your source

[@aatkinso]

@@davidvillanueva3771 except Ramsey doesn't "endorse" index funds. He pushes actively managed funds which by in large underperform the indexes and include exponentially higher fees.

[@jimhandler1129]

@Austin Duke VTSAX over 14% the past 10 years

[@desidog4169]

5% if you are lucky. 15%-20% gone if you get stuck in the market correction 🤑🇺🇸

[@rajbeekie7124]

@@aatkinso Sometimes I wonder if he gets a kick back from the active managers.

[@mocheen4837]

My net worth is already over $3 million and I still have another 17 years left to work. I would like to retire earlier but I still have a mortgage. I am hoping to double my money over the next 10 years.

[@douglasbrinkman5937]

Don’t assume 10-12 percent a year. Assume 6-8.

[@Useruytrw]

SALUTE👍👍👍

[@CSARVA]

6 is still 180k a year while never touching or depleting the principle!

[@douglasbrinkman5937]

@@CSARVA i prefer the 4% rule. and the Dow 30 has averaged 7.7% since inception, not 10-12. 2019 was up over 20%, but 2008 was down over 30%, so it's not a smooth line.

[@BabyGators]

@@douglasbrinkman5937 s&p has averaged 9.8 ish since inception. While I don’t use the 10% number in my own calculations to be conservative, it’s not unreasonable.

[@douglasbrinkman5937]

@@BabyGators his reliance on 10-12 is overly optimistic. i'd rather live simply, and well, and have money leftover, than be a broke bum in my 70s, when it's too late to earn more to make up for my over spending 20 years prior "but Dave said....", yeah, Dave won't be around to bail you out.

[@kF-mj9uz]

What are these funds ? Please advise

[@jimhandler1129]

First time I have seen Dave mute and then unmute a guest. Anyone else ever seen this?

[@Hawking1969]

to ask him his age. again.

[@MegaFinalRound]

Time stamps? 🧐

[@jimhandler1129]

@@MegaFinalRound 4:24 and 5:13

[@ZelenoJabko]

yes it's very rude

[@2214drk]

Stock market at all time highs, and real estate through the roof(residential anyway) I think this guy is wise to keep 1M in cash in these current conditions. Something is gonna give sooner than later without a doubt, and then he can swoop in. This guy doesn't need any help. Buy low and sell high. FOMO will make you broke.

[@robertslate4892]

Exactly I live in Nashville where Dave lives and I own 10 rentals which I've had between 20-30 years they have gone up tremendously but buying in 2021 your paying the most rediculously high prices ever! Real Estate here gets bidded up 20% over asking price and stocks are rediculously high because 0 interest rates give a year or 2 when this stuff crashes then buy all you can!

[@mriphone1000]

I agree this guy is smart to keep some cash on the side. Market at all time highs, real estate at all time highs. It's going to pop or correct soon.

[@djlowtek]

2 years later.... eating your words?

[@2214drk]

@@djlowtek nope. not if he put money to work a year ago.

[@Madlyn55]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>

[@Annis-co7vu]

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,

[@AudraZapoticky55]

how do I get in touch with this consultant that assist??>>>>

[@Annis-co7vu]

STEPHANIE KOPP MEEKS, that's whom i work with look her

[@AudraZapoticky55]

Thanks for these recommendations.....,,,

[@BB-nw3mj]

It would easily be for me...I am pretty frugal and have 0 debt. My basic expenditures are under $1500 a month. At 5% on $3mil that's a gross of $12,500 a month.

[@LukeofAllTrades.]

@5:11 - Wait, did Dave just UN-mute someone? Wow, never seen that before.

[@HappyPenguin75034]

Boy that 10-12% really changed a year later. Wish he could come back and tell us current status.

[@terrykrall]

My funds grew significantly since beginning of 2020….. 2022 changed that.

[@2011hwalker]

Lol exactly he says "I put 2M in the market, that could well be -20% now versus the start of 2022" Also Dave Ramsey derides CDs and they made 4% in 2022 whereas the "growth fund" market is down 18%....

[@HonorinaLeemaster223]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?

[@ExequielSkidmore666]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@HonorinaLeemaster223]

how do I get in touch with this consultant that assist?

[@ExequielSkidmore666]

Jenny Pamogas Canaya, that's whom i work with look her up and thank me later

[@HonorinaLeemaster223]

Thanks for the info . Found her website and it really impressive

[@gibblespascack1418]

This always depends on his yearly budget. Can he remove 10% per year, no even if it averages and averages are not possible every year. So he probably should have 2 years of house budget set a side incase of a downturn in the economy, because that would cover him for the time that it takes for a recession to run its course.

[@hall0341]

I would feel under prepared with only 12 months set aside, 18 would feel OK for me. Some people think an emergency fund is less important in retirement, I think its even more important given how badly a 6 or 12 month market fall could hurt you.

[@gibblespascack1418]

@@hall0341 I am still working and carry a year in cash. But I still have a job. With that amount, everything else beyond the house budget can be put into investments. But 18 mo to 2 years seems like a good idea. Recessions normally last 19 months, so this seems reasonable to avoid selling at the low point.

[@SoledadHughes-q2i]

Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.

[@NatashaGibbs-e5o]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

[@StalinGrabovsky]

Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.

[@EnriqueCarrasco-z3j]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@StalinGrabovsky]

Elisse Laparche Ewing 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.

[@ReginaDominique]

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.

[@danno8852]

This guy won’t let anyone finish a sentence

[@bartlemi5]

This guy just called up to boast 🤣🤣. Been living on 60k for years and now worrying if he can retire on $3m.

[@SmartMoneyBro]

Exactly....thats like saying "Dave, I'm 98 years old, am I old?" Like dude, stop it already. You have $3M.... 🙄

[@youngtimer964]

Obviously doesn’t need advice from Dave or anyone else.

[@johnmartin4641]

He’s worried about the upcoming college and weddings. You can’t pay for all of that on $60,000 a year.

[@SmartMoneyBro]

@@johnmartin4641 He can certainly pay for college and weddings with a $3M nest egg. Give me a break.

[@johnmartin4641]

@@SmartMoneyBro of course he can. But that’s not what I was referring to. I was referring to the $60,000 a year.

[@Omikoshi78]

When you look up Dunning Kruger there should be a picture of Ramsey. There is no fund that returns 12% after accounting for inflation or accounting for sequence of return risks.

[@jeffmorse5599]

3 million and debt free is about the min needed to comfortably retire IMO. Dave thinking 10% is automatic is silly to me, plan on half of that considering we are at the top right now. that is about 150k a year. If you have been living on 50-60k I'd be retiring at 60.

[@Gibb591]

We were "at the top" two years ago and four years ago and eight years ago and thirty years ago. If you invest with an at the top mindset, historically you will end up on the wrong side of market gains. When this guy is 90, the market will be over triple what it is now. If your at the top concept is correct, there's about 3-5 years of buying power that will be lost from pulling money out while it's down. Not the end of the world once it comes back up. The problem with sideliners is they stay on the side even at the bottom because of "it will keep falling" mindset. Stay the course my friend

[@wololo4761]

For the second half of the last bull market we were at or about "the top" for years on end as it rolled on and on. We may be nowhere near the actual top.

[@Gibb591]

@@wololo4761 I stand by my last comment but what do you propose. Hold on to cash and wait?

[@xJayhawkFANx]

New "at the tops" happen every few years. If you think we're at the top now just wait 30 years from now and see what "at the top" is then

[@wololo4761]

@@Gibb591 not at all. My point is that the market for years on end recorded new record highs and looked like it was "at the top" but, with a few corrections along the way, kept on climbing. I was working in mutual and hedge fund audit in 2012/13/14 when the market (or at least the s&p 500) had fully recovered from the 2008 crash. People were already starting to say the market was too expensive and were talking about waiting for a dip. Had they done that, they'd have missed out on all those gains that continued until 2020 and even to this day for all those who held their nerve and stayed in the market. My strategy continues to just be dollar cost averaging rather than worrying if we really are at the top.

[@christinaskeeters4882]

Why does he continue to say that taking out 10% from stocks is a reasonable rate of withdrawal? Luckily most people who have money invested in stocks are smart enough to know this is absurd advice.

[@jamesnorth8274]

when it comes to stocks you should never touch the single stocks etf's or the listed investment companies you may own. you should only use the dividends, and reinvest it into what other companies you may think are undervalued at the time. you should only sell your shares etf's and listed investment companies if you think a crash is coming, or if the company is overvalued enough enough to justify paying capital gains tax, and then put the money into other shares that are undervalued.

[@jtowensbyiii6018]

He assumes you own a house in his plan

[@aaront936]

Because dave gives terrible investment advice and its the only way his terrible baby steps can convince someone to waste their money paying down low interest debt instead of investing.

[@e-man2081]

@@jamesnorth8274 Better yet, maintain an asset allocation of stock and bond funds and cash that you are comfortable with.

[@kelvinpang438]

@@jtowensbyiii6018 That doesnt change anything.10% is insane as a safe withdraw rate,I dont care that he says mutual funds can give 12% 10% is still insane.The general rule is 4%,so max I would say 7%.

[@m1ndfckd]

Safe Withdrawal rate is usually recommended at 4%, and returns average 7-9% on the funds

[@briaf3370]

2% in cd’s? Please tell me where

[@anthonysirico6451]

Define retirement. For me personally I will never “retire” to me retiring is working as much as I want to. If I make 70 I’ll still be working as much as I want to and can even if it’s only 20 hours a week. I just want it to be a choice.

[@Richard.Cabeza]

I work 7 days a week and average about 1-2 hours a day managing my own stock portfolio. I love it, can do it anywhere in the world. BUT I will never go to a job or report to anyone or work with people I don't want to. That is my choice. I will never stop doing it.

[@Spladoinkal]

I would take about 1.5 million of that and put them into top REITs. The dividends you'd make off that would be roughly 80k a year or so. The rest I'd put into either a mutual fund like he said or a good index fund if you want quicker access. Let that second 1.5 continue to grow exponentially. THEN, if you decide that you want to live on more than 80k a year in the future, you can put a little bit more into REITs and continue to let the rest grow. If you can get to where you can comfortably live off of just 30% of the incoming dividends/interest, you can gain some SERIOUS wealth while still living comfortably. Think, millions a year.

[@kage-fm]

dave ramsey: “a safe withdrawal rate in retirement is 10%” 😂

[@viktorandy6080]

I'm 36 yo. Debt free. 2 houses paid off. Have 700k on all accouts. Hope to achieve 3 millions to my 50. Thanks, Dave!

[@RogerPack]

Why would he say live off 10% I thought it was like 4% to be sustainable through recessions... But real estate that's pretty stable....

[@GrislyAtoms12]

It's 4% if you're in an S&P500 index fund. Dave is recommending a growth stock fund, which is different.

[@bradleyrandmartinmusic]

Dave doesn’t count in for inflation, which is kind of weird to me.

[@GrislyAtoms12]

@@bradleyrandmartinmusic Dave lived through the late 1970s, early 1980s, when inflation was ridiculously high. By comparison, the inflation of the last 20 years has been mild, so it doesn't register to him. It's like coming off the interstate after driving 75 for 6 hours. Then 50 seems like you're barely moving.

[@bradleyrandmartinmusic]

@@GrislyAtoms12 Hmm that's actually a really interesting theory. It just seems it's something he should be considering. There is almost no investment other than very good real estate that someone should take 10% out of. If you have a "lost decade" as they say we might be coming up on, you would basically use all your money in 10 years.

[@seekingtruth9677]

What stock funds is Dave in does he ever share? Does anyone know or can guess?

[@ThomasColt]

People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.

[@OwenFlex]

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 l'll have sufficient funds for retirement.

[@TheRothschild770]

It's recommended to save at least 20% of your income in a 401k. Joseph Nick Cahill taught me to estimate how much you should save based on your age and income. I've been with him for years now and his decades of experience in the markets translate to chunks of value in so many ways! He has upscaled my portfolio and even got me reading self help books haha

[@GibsonJames-gr3on]

Impressive! How can I contact this advisor? My portfolio has underperformed, and I need guidance.

[@TheRothschild770]

JOSEPH NICK CAHILL is his name. He is regarded as a genius in his area and works for Empower Financial Services. He is quite known in his field, look-him up.

[@GibsonJames-gr3on]

Thank you for this tip. It was easy to find your coach. Did my due diligence on him before scheduling a phone call with him. He seems proficient considering his resume.

[@jessecohen1]

One interesting thought, If the guy doesn't invest his money at all, and lives until he is 98. He could spend 100 thousand a year, and be fine.

[@kluge4206]

do you mean 88?

[@BrandonIvan-c6e]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@BrandonIvan-c6e]

@Ingridlourd02 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

[@BrandonIvan-c6e]

@Ingridlourd02 Clementina Abate Russo is her name

[@BrandonIvan-c6e]

Lookup with her name on the webpage.

[@BrandonIvan-c6e]

@Ingridlourd02 You are welcome .