Retirement Planning in Your 50’s: Tips For Financial Freedom

[@ryanwilliams989]

51 years old. I have $295,588.25 in my Fidelity retirement account. I cranked my contributions up to 35% and I do all the investing on my own. Fidelity just holds my ETFs/stocks. I made that change earlier this year. I'm hoping to end the rat race by 60 but it's looking more like 63-ish. I want to have $1.5M and bring in about $60k in dividends each year. Pedal to the floor! Thanks for the video. Great content.

[@BiancaSherly-qt6sb]

Investors should exercise caution with their exposure and 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.

[@maryHenokNft]

I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

[@maggysterling33254]

@@maryHenokNftKudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?

[@maryHenokNft]

The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@StellaMaris-lv2uq]

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

[@MrSchattka]

My last day of work was Jan. 5, 2024. Today is my first day of retirement. So far, so good 😃

[@fractalelf7760]

Good luck, about four years out here.

[@ChristopherEvans-650]

Four more months for myself. Get the 2023 employer 401k contribution in February and our spring bonus check in early April. ACA health insurance always starts on the first of the month, so looking at May 1st as my first day of retirement. 18 days before my 56th birthday.

[@Sylvan_dB]

@@ChristopherEvans-650 Nice! That's my schedule but I'm older. :( Your work insurance may cover you for the entire last month you work, so if you work on May 1 you might have "free" coverage for another month.

[@MrSchattka]

Thanks!@@Rollochrome

[@fractalelf7760]

@@ChristopherEvans-650 How are you handling health insurance?

[@wilmorttownsend2724]

To have a comfortable, secure and fun retirement, you need to build the financial cushion that will fund it all.

[@kasperpelosi329]

It is important to look at the types of retirement accounts that can help you raise the money to fund your future.

[@norahagaptus9823]

As you save that money, you have to invest it to enable it to grow.

[@bonfigliofazio1455]

Honestly, that's the right thing to do, but with the guidance of an expert financial advisor like Bianca Harley Doran, people don't really know the importance of market experience.

[@salvatorecastello706]

Retirement planning starts with thinking about your retirement goals and how long you have to meet them.

[@natashadorsey7570]

The best retirement plan to build your nest egg will depend on your financial situation, your goals for retirement, and other factors.

[@FlorentGulliver]

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.

[@VioletJessica-]

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!

[@LiamOlivia-4]

@@VioletJessica- 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!

[@VioletJessica-]

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

[@LiamOlivia-4]

@@VioletJessica- VICTORIA CARMEN SANTAELLA Constable 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..

[@RobertDamanii]

My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.

[@ThomasColt]

If you want to rebuild your retirement by yourself, without the help of a partner, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.

[@John-ww2fv]

How can one get to interview advisors? And what questions should you ask?

[@TheRothschild770]

CHRIS RYAN STEWART GOOGLE the name

[@cherylhills3227]

People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like CHRIS RYAN STEWART

[@JasonAmir-qo4uo]

This is useful information, I copied his full name pasted it into my browser, his website popped up top search and his qualifications are excellent. I just messaged him

[@harrya8813]

One of the best planning for me was to get out of debt. Every time I got out of debt (i.e. student loans, car loans, credit cards) it was like I gave myself a HUGE raise. Mortgage is tough one though.

[@gmo709]

At least w mortgage u build equity. And education is an inv in yourself.

[@GeorgestraitStriat]

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.

[@Donnafrank-k6e]

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

[@GeorgestraitStriat]

@@Donnafrank-k6e 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.

[@Donnafrank-k6e]

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

[@GeorgestraitStriat]

@@Donnafrank-k6e Clementina Abate Russo is her name.

[@GeorgestraitStriat]

Lookup with her name on the webpage.

[@RichardMoore-jg5tl]

I've been keeping a substantial amount of my savings in cash. It feels safe, but I wonder if it's the right approach for retirement. I want to invest roughly $400K in stocks since I've heard that even in challenging times, investors may turn a profit. I’m not sure where to go from here.

[@DanielPanuzi]

It’s amazing you were able to save that much during your active years. 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, so you are not left devastated during a market crash or recovery. To simplify the process, you could allocate your resources with the help of a financial advisor.

[@mohican-jx6fx]

I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than $600k within just a year, and I've entrusted my advisor with the task of determining entry and exit points.

[@RossiPopa]

Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.

[@mohican-jx6fx]

'Natalie Carol Nielson' 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.

[@RossiPopa]

She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.

[@toddthompson3746]

More vids for us 45 to 55 please

[@2legit2Kwit]

Yes

[@diane.moore-]

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.

[@ThomasChai05]

One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.

[@mariaguerrero08]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $31k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@mikegarvey17]

@@mariaguerrero08Mind if I ask you to recommend this particular coach you using their service?

[@mariaguerrero08]

'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.

[@CliveBirse]

Thanks for the information!! She appears to be well-knowledgeable and accredited. I ran a Google search on her name and came across his website, thanks for sharing.

[@67NewEngland]

- 7:58 When I had a mortgage at 2.5% CD’s and the higher yield savings rates were much lower, so I paid off my mortgage. Now I am able to save much more at a time when return rates are much higher now.

[@miragexl007]

Good point

[@sogno101]

Hi Azul, love your channel, can you do a retirement planning in your 40's video? Thanks.

[@MariaHunt-u9z]

Great tips! Planning for retirement in your 50s is crucial for financial freedom.

[@nicolasbenson009]

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

[@PaulKatrina.]

Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.

[@PaulKatrina.]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Margaret Johnson Arndt for the last five years or so, and her returns have been pretty much amazing.

[@miragexl007]

A problem they weren't to blame for? Depends on who they voted on this last time. Lol. I don't feel too sorry for those people.. A little bit. Because many of them didn't know much what they were voting for/ the politics of it all.. And were duped.

[@DiFinni]

My new job has no 401k. My last job did, but I didn't make enough to make a catch up of anything close to $23k a year. Wish I had that problem, ha.

[@bigtime911]

Vanguard total stock market index fund 😊

[@Michelle_Sanders561]

Retirement becomes truly fulfilling when you possess two essential elements: simple financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement. My question now is how to get a good financial advisor that I can invest with and have good returns before retirement age .

[@ChristopherNewman-fo4ie]

Working with Bianca Harley Doran has made it easier to track my goals and measure my progress when it comes to saving. It's really been a fulfilling journey.

[@AroraKumar-lg2hw]

These Retirement advisors can help you plan for the possibility of long-term care in retirement. She's been great in reviewing various insurance options and has developed a plan to pay for my long-term care expenses.

[@JulianKoch-d9j]

Wonderful pick...Just found her on Google 👍🏻👍🏻

[@CasperBakker]

I hope can I be able to manage my outstanding debts so it doesn't affect me later...

[@ChristopherNewman-fo4ie]

​​@@CasperBakkerDepending on the gravity of your situation, structural plans can be made to put you at ease and financial advises can be given to keep you out of further debt...I'd advise you step on it...Look her up.

[@NigelBaird-vy1lo]

Seconded...clear, precise and confident. Provides good insight on certain financial issues and possible solutions.

[@MesutMilleliri]

Biggest lesson i learnt in 2024 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[@SophieLoschy]

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.

[@NoahNollens]

Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

[@BilleHansen-b5z]

Many people elect not to use a dedicated retirement advisor. But for others, having a second set of eyes on their finances can improve the quality of important financial decisions. Before you hire an advisor to help with your planning, consider some of the advantages and drawbacks.

[@winston7751]

My major concern with NLCP is regulation. For now, the government is fine with cannabis. But, administrations change and it brings along with it changes in regulations. Looking at NLCP fundamentals, its hard to not like it.

[@RolandRichard-x1s]

Planning for retirement in your 50s is crucial for financial freedom. These tips offer valuable guidance for securing a comfortable retirement.

[@Muskiehunter4841]

3.1 million at 51. Need 8k/month. Only debt is 161k on home mortgage at 2.25%. no kids,never married. Who does someone recommend I talk to about retirement? I hate my job

[@miragexl007]

Is curious. In laws had long term care insurance. Live to 96. Declined health within a year and passed. And long term care insurance was difficult to work with and didn't actually pay much at all of that years bills.. After all those years of pan pretty high premium. Guess that's how insurance goes a lot of times anyway. It could be the policies but I doubt it.

[@Ollieoopbigboy]

Azul have you posted anything on immediate annuities as a safety first approach for essentials and for longevity risk? Maybe in 60's or 70's? Would love to see your take on it.

[@brandonaron8212]

Azul, I am going to seek out a fee only financial advisor. How do you tell if you have a good one or not? I’m sure not all are good, just like anything else…

[@miragexl007]

I really can't believe where we're at.. Socked a way 15% from the beginning, almost thirty years ago in decent funds.. two of the kids off to college and doing pretty good. Heading to the bank now and top off the roth Monthly for this new year. At fifty/wife fifty five.. Or thinking five years and will reach Is the next set goal I RE made. If it wasn't for health insurance/potential health issues...man, It be good to be out now. We do love what we do in the medical profession, .And hard to think of losing that daily money though. Maybe that's one of the reasons we're at where we're at..

[@scotts1557]

Ok Azul- this is the year. I’m retiring at the end of October before I turn 60. What are the 3- or 5- items I should take care of before my last day?

[@gerry2345]

Azul..Just one more year. I don't have enough yet.

[@martyhutch21]

Don't go into your 50s with credit card debt. Don't waste money on a 6k car. Don't get divorced. Don't take the lump sum of your pension if you retire early you will out live that lump sum or spend it take the monthly payment.

[@richard9827]

In 2008/09 what happened to fixed assets dividend stocks, bonds etc. yes equities went down 50+%.

[@spookysea-monster5297]

Azul, love your content but you need a better microphone. Surely someone with your means and get a $50 clip on mic to make your videos even better!

[@AzulWells]

Ok, you have convinced me. I'll start experimenting with mics over the next month or so. It's a convenience thing ... I love the hassle free set up I have. But, you are right, the audio suffers. 🎙 Azul

[@j.k.cascade2057]

I think he himself is semi retired - he does these for fun and to help others - and probably prefers to keep it all casual.

[@cata1811]

Azul sounds clear and fine and really doesnt need a new microphone.

[@j.k.cascade2057]

Azul -- the comments of your videos appear to be a target for bots. The comments are full of them !

[@Jen-ur4ut]

It's the same on every financial channel. Not much he can do about it.

[@Lida-sh6ee6667]

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.

[@BerniecePiette445]

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

[@BerniecePiette445]

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

[@billyflanagan9657]

I retired at 58. I get paid as an escort for two beautiful women in there 70's. They pay me once a month to go out with them and make them feel good.

[@robertm2510]

Have you considered franchising?

[@diggernash1]

Does a pension that covers your expenses change the recommended investment risk?

[@dforrest4503]

For me, a pension meant I was able to be more aggressive with my investments since I knew I’d have a certain amount of income. As it has turned out, that’s led to much better returns than if I was more conservative.

[@billyrock8305]

Buy beer 🍺 🍺 🍺

[@CraigNAnderson]

$3M by 61

[@glasshalffull2930]

I saw some of your other posts and I too invested solely in the S&P 500 during my entire career. I hit $ 3 million when I was about 62. Never tried to time the market (though I thought about) and just kept contributing. I never thought I would have anywhere near that amount when I was 25😉 . Best of luck to you!

[@BonnieClyde-cp4td]

Thanks Doug. I know you are fee only. Do you work on a sliding scale?

[@wanifeels5991]

I will forever be indebted to you Ms. Emily Lois Parker you have changed my entire life. I will continue to preach on your name for the world to hear that you saved me from huge financial debt with just a small investment. Thank you very much, Emily

[@collinsnorman473]

I am surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...

[@martinbelanger9963]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@gagnecaron658]

Thank you for this. I'm gonna check her out and try to reach her. I hope she gets back to me before my portfolio is completely gone.

[@taylorgreen5908]

does she take dubai clients?

[@Ruthharris-mt6ir]

How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

[@user-vb8fr8vj9l]

Someone suggested that crypto trading is far better than buying to hold for a long time but I have no idea whom to direct me or even trade for me.

[@holyghost8350]

Glad I got into crypto when I did because it's been a turning point for me financially been my best decision so far

[@SophiaKappel-nk8kz]

She's always active on

[@SophiaKappel-nk8kz]

[@SophiaKappel-nk8kz]

@Petrah3 👈: That's her user name

[@helomech1973]

If I need long term care I will eat a bunch of morphine. I have no desire to live after I cant do the things I want.

[@user-qb8qm4mp5n]

Use the money for long-term care insurance to eat better and do healthy lifestyle things. Americans are way over-insured. Save your hard-earned money to pay insurance companies. No thanks.

[@helomech1973]

@user-qb8qm4mp5n I eat low carb and work out regularly. My hobbies keep me more active than 99% of Americans. I am 5'11 and 165lbs.

[@Robert-jd6xc]

Put 5% of your savings into a Bitcoin ETF. It'll absolutely change your financial life in 10 years.