The $228,000 Retirement Savings Mistake To Avoid

[@JarradMorrow]

Use code jarrad at the link below to get an exclusive 60% off an annual Incogni plan: incogni.com/jarrad

[@ffnovice7]

Jarrad I'm increasing my salary from 76 to 84 this month with my move! Good tidings broders

[@JarradMorrow]

Congrats! Super proud of you!

[@ffnovice7]

Thank you 😊 🙏🏼

[@teresahunt5521]

As a 60 year old nurse who still eats a very clean diet, lifts heavy weights, takes no medications, and lives a frugal lifestyle now to invest in a peaceful future when I retire, I can wholeheartedly say that I confuse just about everyone I deal with. I feel exactly the same as I did when I started working in 1989. I have no actual plan to retire. I'll be the buff old Betty still taking care of patients when I'm 80. Probably still driving my 09 Toyota Rav4 too. 😂😂💪

[@ffnovice7]

Based older car enjoyer

[@teresahunt5521]

@@ffnovice7 Based indeed!

[@dafeck5574]

HSA is great hedge against having to withdraw from retirement savings for medical bills. And if one happens to be relatively healthy in later years, it acts as an extra retirement account

[@glockman99]

Great video!!!! Especially liked the part about working out. Spot on!

[@JarradMorrow]

Thanks!

[@BadPhD777]

It's unfortunate that the government has allowed even more reasons to dip into your retirement accounts. You should consider them untouchable until you retire.

[@maxcohn3228]

I didn't realize you started one on ones, especially at such a solid price! Just applied. Thanks for all the great content!

[@JarradMorrow]

Yea, I’ve been doing them over the years. I open and close them based on how booked up I am and my personal calendar so you applied at the perfect time 👍🏻

[@jimbarnes4073]

Jarrad, This is my favorite JM video to date! Priceless information! I had no idea you were so jacked man! Thanks so much. Jimmy

[@savanah1407]

Your reduction on future values due to fees is so eye opening! I probably never would have done the math to figure it out myself.

[@abr7192]

I completely agree with you. The financial advisor percent AUM (assets under management) model is a destroyer of wealth. I avoid those advisors using that model and manage my portfolio which I enjoy.

[@dc76384]

The government is the biggest threat to your retirement savings

[@dr.victoriachan]

Jarrad, thank you for continually sharing top-quality info and videos! I would also love to hear your advice on what someone can do after maxing out all the generally-advised accounts (like 401k, IRA, HSA, 529, etc) - what would be great next steps ideas before investing into taxable accounts? Thank you for all your hard work and generosity. Your content has changed the game for financial education!

[@ebells33]

Great video, thanks much!!

[@JarradMorrow]

Glad you liked it!

[@savanah1407]

😂 The withdrawing from retirement account early shaming! You tell us!

[@savanah1407]

Can you make a video explaining when a Brokerage account can and should be used in comparison to say a Money Market account? When to utilize either of those and the benefits/risks eludes me.

[@beng32112]

Hey man, I just wanted to say thank you for all the videos. I finally got my head out of my butt and decided to stop trying the KZbin 3 fund portfolio and decided to go the route of 80/20 us/international total market index funds instead. I’m not ready to add bonds just yet at 30, but I believe this is a better long term solution than trying the new portfolio that’s blowing the market away.

[@JarradMorrow]

👍

[@willritchie5319]

ETF and Mutual funds are type of investments established under 2 different legal structures. Index fund is a style of investing or strategy

[@yatehe1]

I am a widow. FAdvisor put me in annuity w 1% fee. How do I move it to Vanguard or M1FINANCE . Can you do video & explain how taxes would work & how to do this? Thank s for video on HSA & others. 67 & just barely learning. Trying to get people at work aware of Roths

[@educatedwanderer9293]

Doctors learn a lot about anatomy and physiology and how the body works. Indeed it is a lot more than 11 hours worth, and nutrition is not all you need to know to be informed about physical fitness. It is true that the focus in healthcare is on the pathology or diseases, and not much is discussed about prevention. We would all be smart to focus on prevention as well as treatment of disease. My suggestion is to ask about what and how you can do more to prevent disease. The answers can be simpler and easier than only focusing on treatment of disease.

[@bgoode652]

"We stuck 12 years of inflation into the last four years." That was a very generous 12 years.

[@savanah1407]

Good point that people have to pay for things.😂

[@gmk22799898]

I don't like the term never when saying not to work with an AUM advisor. I remember Kitces speaking about this one advisor who charges AUM, but he was the only person with such expertise on TSP planning. The advisor literally wrote the only book on a very niche topic. Bottom line if you have very specialized needs, it may require a specialist who charges more than the typical advisor. You have to consider value, not just cost.

[@Bur6212]

“The fitter you are, the lower risk of death”. I mean, yeah, no 💩 makes sense

[@xaldath4265]

You say that...but look around. Apparently, some people need to be reminded.

[@JarradMorrow]

Some people associate “fit” with being skinny regardless of muscle mass. The emphasis is on the muscle/strength part which I don’t think is as obvious as you claim. If you already knew this then congrats you know more than the majority

[@liveinthepresent219]

The Democrats.

[@commonsenseisntcommon1776]

Demorats??

[@mikejackson5658]

I make money no matter who is in office.

[@TheRealDonLayton]

@@mikejackson5658 Me too. But do you prefer to make $100k with 3% inflation or $100k with 9% inflation? It matters. And do you prefer to make $100k taxed at 10% or at 20%? And I'm not even blaming any particular party. I think 95% of those guys in Washington are to blame.

[@f430ferrari5]

@@mikejackson5658your chances of being a victim of robbery/theft is much higher under Democrats. The chances of your hard earned monies being allocated to the lazies is much higher with Democrats.

[@mikejackson5658]

@@TheRealDonLayton of course it matters. The math has to math. We are in a strange time (at least in my lifetime) but historically speaking it doesn’t matter the party. I don’t care for either party tbh or the majority of politicians.

[@TheRealDonLayton]

@@mikejackson5658 I'm right there with you.

[@superslyko123]

Less than 3 minutes in I get a commercial. It lowers your value. I didn't even want to watch the rest. Next time I see your videos, I'll skip. Bummer since your HSA content was great and I enjoy your humor, but everything you do now has bull attached. Provide value THEN hit the commercials.

[@sterndesert]

What do you mean that everything he puts now has BS attached? Are you saying that he shouldn’t be monetizing his videos? I’m confused.

[@SethKerechanin]

How can creators make videos for free??? This dude is a legend for the rad videos. ❤

[@horanz]

You spent more time complaining about product placement, than the 45 seconds it was in the video 😂

[@dustindodge5974]

The money go towards his dog Molly!

[@JarradMorrow]

Some sponsors dictate where we put their ad read. KZbin decides when the ads play. If you have issues with either of those then either stop watching youtube content, send your feedback to those two companies, or suck it up at stick through it/skip it.