How to Retire: Know What ‘Enough’ Means in Retirement

[@Donalddavies-gc9rb]

I’m 60 and my wife 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly.

[@Tensquaremetreworkshop]

Absolutely the first and most important step is to know exactly what it costs you to live. You need to run a spreadsheet on your financial life. It needs to run for several years to establish good data, and find your personal inflation rate (which will NOT be the same as official rates). You cannot retire until you know how much you need, and this is the only way to do it. It is also a forecasting tool, keeping you on track.

[@wildfoodietours]

Christine Benz is a gift for those in the FIRE movement or basically anyone into finance and investing. I really enjoy her insight and knowledge of everything that relates to one's finances.

[@maroon12able]

Such great questions from Christine and such practical answers!

[@jimmyb913]

Love her energy! Great interview.

[@dalepowis9990]

I found creating your own paycheck the key to financial success in retirement

[@erickarnell]

"Running towards something" is a great goal to have as you transition to retirement.

[@rosemarykingpate7832]

I would never burden my nieces or nephews with caring for me when I'm old. I thought this was a really strange thing for her to say. And those retirement homes and long-term care facilities are nothing more than prisons for the elderly, no matter how rosy the brochures appear. I'd rather take my chances on the "outside."

[@RyanBerich-u1w]

I haven’t yet looked into other videos you have posted but you touched on a few excellent points in this one that I hope are the focus of others. One in particular is the withdrawal rate. I don’t understand why people discus a single rate. Surely there should be at least 2 rates. Before SSI kicks in, another when it does kick in for the first to claim and likely another rate when the second claims SSI.

[@KJFC388]

No one picks the market they retire in. Just have you 40% of bods

[@charmcrypto824]

Totally agree with the point about transitioning into retirement and finding balance. I’ve been prepping financially by cutting down debt and using My Digital Money to build up a crypto IRA. It’s been interesting so far, feels like another way to keep my retirement fund diversified. Has anyone else looked into crypto IRAs?

[@Barbara-k3x9j]

I’ve been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?