The 3 Best Tips From My Clients Who Retired Early

Рет қаралды 16,463

Күн бұрын

Пікірлер: 64

@pedrowhite6684 Ай бұрын

Well said! Another great video, Ari!! Thanks to Carly, Hannah, you, and Root Financial, we just returned from an epic trip to the Big Island and are very much looking forward to our first Nat Geo Private Expedition trip in a few months. The peace of mind and comprehensive planning strategies you and your team provide are second to none! I cannot thank you enough!🤗👍

@earlyretirementari Ай бұрын

It’s our absolute pleasure and love to hear the Nat Geo trip is booked and on the horizon. I shared this comment with Carly, Hannah and the whole team - these comments are why we love to do what we do!

@Troy_Built Ай бұрын

I helped my grandparents run a senior center for several years. That allowed me to see a lot of people in their retirement. It still amazes me how many people retire still owing several years on their home mortgage. Another thing is them having an older or high mileage vehicle. Then within the first couple of years of retirement they have to put out the money to get a new or newer vehicle while still paying house payments. Even worse some go into retirement with substantial credit card balances. To me taking care of those things should all be high on the list to get accomplished before retirement. Sometimes you don't get to choose when you stop working but carrying high debt loads in your later years to me just seems nuts.

@earlyretirementari Ай бұрын

Here’s how I think about having a mortgage in retirement -> kzbin.info/www/bejne/iHmmqXl_npJ8i8ksi=W1wtckV1Egzd86Hh

@Jupe367 Ай бұрын

I love yours and your James' channel. You guys are so thorough.

@earlyretirementari Ай бұрын

Thank you!!

@janethunt4037 Ай бұрын

That is so awesome that you took that trip with your father. I admire you for being so intentional about conversations with him. That is not how I was thinking when I was in my 20's.

@earlyretirementari Ай бұрын

Thank you very much. They raised me well.

@charlielipthratt7291 24 күн бұрын

Glad you were able to ask those questions to your father, Ari. It's great that you're teaching others about them. I think it can make an impact and help you appreciate what your parents went thru. I wish I could have asked my grandparents more about their early years and the journey they took.

@earlyretirementari 22 күн бұрын

Yes! Thank you!

@markb8515 Ай бұрын

Thanks Ari for the great tips and advice!

@earlyretirementari Ай бұрын

You're so welcome!

@user-iw1cq4ft9t Ай бұрын

This was great thank you!!! Janis

@earlyretirementari Ай бұрын

Glad you enjoyed it!

@ld5714 Ай бұрын

I can see a strong resemblance with your dad, you are a younger clone 😉 I've been retired for 13 years and already living my best life so am not your typical listener. I am however a life long learner and this area has always been of interest to me. You offer a lot for me in the form of challenging me to look differently at things at times and new info as well. I share some of what I learn with my kids and grandkids. Keep up the great content Ari and have a great week. Larry, Central Valley, Ca.

@earlyretirementari Ай бұрын

Ha! Glad you’re already living your best life. Appreciate the comment and glad I’m challenging you to think differently to always improve your retirement

@michelletuttle4409 Ай бұрын

Just found your channel and can't get enough! Can you include in a show your recommendations for a retirement calculator to use or purchase to play around with different scenarios (ie spending patterns (smile), income levels, retirement age, etc)?

@earlyretirementari Ай бұрын

Thank you. Yes, here it is (same software I use for my clients): ari-taublieb.mykajabi.com/early-retirement-academy

@FIRE_DrNinjaTurtle Ай бұрын

I loved your pictures from your trip.

@earlyretirementari Ай бұрын

Thank you!

@ryanccc777 Ай бұрын

Great overview Ari! A good topic / suggestion for a future video or series would be to cover income investing to supplement retirement. For example, utilizing the brokerage account you suggested but instead of applying something comparable to the “4% Rule” where principal is accessed and you have sequence risk associated with a potential down market, have investments like covered call ETFs, BDCs, mREITs and preferred funds that provide a steady cash flow and you live off of dividends without touching the principal. The income investing idea is comparable to the thought that you referenced of working part time but more passive.

@earlyretirementari Ай бұрын

Thank you. Will add to my list :)

@martieprice37 13 күн бұрын

New listener - recently purchased the Early Retirement Academy - trying to navigate if retiring early is possible for me and my spouse. If the vast majority of our funds are in IRA / 401K like the client you mentioned at 11:35- how to change those monies into your beloved superhero brokerage account? Thanks for helping clear some fog in this complex realm for us nonfinance brains. :)

@earlyretirementari 13 күн бұрын

Hope you enjoy it! You’re welcome. You can’t move money from your IRA/401K to your superhero but you can add new money there and generally more conservatively makes most sense since these monies are used before other accounts.

@tripp9713 Ай бұрын

I really like your views on retirement planning. I am retiring next year at 59 and plan on doing very large Roth conversions till I reach SS at 67. My plan is to have all the money out of my 401k by that time.

@earlyretirementari Ай бұрын

Thank you. It’s very rare it’s optimal to completely convert everything to Roth.

@charlielipthratt7291 24 күн бұрын

@tripp9713 - There is one downside to your Roth conversion plan. There is a 2 year look back at your income to establish your Medicare taxes. Maybe your income is already so large that it won't matter, but it's worth looking into. At your age, you have until you're 75 years old before you start paying RMDs taxes. You might want to find a retirement planning fiduciary like Ari to help map out the best plan for tax optimization. I understand your goal! I transferred my last bit of IRA to my Roth right after I turned 60. Something I had been working on for a while.

@felipearroyave6873 8 күн бұрын

Hi there, my name is Felipe and I am a new listener! Found your channel surfing thru the many different kinds of financial videos on KZbin. Finding your content very interesting and was wondering if it would be possible to talk with you about my financial situation. I believe I’m in a good spot, but want to build a strategy that works with my personal situation. I’m 23 and have made some good decisions and want to keep growing. Would love to hear back, thanks!

@earlyretirementari 8 күн бұрын

I recommend starting with the academy: ari-taublieb.mykajabi.com/early-retirement-academy

@e.o.5241 26 күн бұрын

Ari- I want to be one of your anon published case studies. How do I apply?

@leeward1717 Ай бұрын

Is the access to Right Capital full access to all aspects? Just asking because some offer access but not to all screens and functionalities. Thx

@earlyretirementari Ай бұрын

It’s complete access minus one toggle for investing purposes. You can see what people say here: ari-taublieb.mykajabi.com/early-retirement-academy

@leeward1717 Ай бұрын

@@earlyretirementari investment purposes as in allocation of equities vs fixed income, or what specifically?

@earlyretirementari Ай бұрын

@@leeward1717 ⁠⁠you can link of your current investments in for a full perspective of your allocation (whenever they are - Fidelity, empower, etc.). The software defaults to a moderate allocation of 8% growth and 3% inflation for 5% real return throughout retirement. It allows you to stress test around these variables so you can run various scenarios. Please see what others say on the link provided to understand if it’s what you’re looking for.

@leeward1717 29 күн бұрын

@@earlyretirementari would you provide more detail on the toggle that isn’t accessible that you refer to as “for investment purposes” . Just doing due diligence here as there is a no refund policy. I’ve read the brief reviews but can’t presume to compare the authors to myself .

@earlyretirementari 28 күн бұрын

@@leeward1717 it defaults to 8% growth, 3% inflation so 5% real return throughout retirement. It’s a conservative estimate for projection sakes. The real value ain’t the software, although it is certainly nice. It’s the videos with me as your instructor.

@HaNguyen-dy6xq Ай бұрын

You are the best!!

@selflessman Ай бұрын

Tell them to be thankful for what they got.

@user-wj1pr1jj4p Ай бұрын

If I was 53 and had a 6 million dollars in a retirement account I would probably go with either the rule of 55 if my employer allowed it or significantly equal periodic payments. 7 years isn’t too long to have to e tied to the distributions and 6 million is a significant net egg to allow for unintentional over withdrawal. Just my opinion.

@earlyretirementari Ай бұрын

Not a bad idea!

@chelseawhaling1205 Ай бұрын

That client with $6.5M in their 401k could have used the 72(t) rule to tap into their retirement accounts before 55. Could have even done a 72(t) on just a portion of the 401k and can start another 72(t) if the first one isn't enough money. That's my plan if we retire before 55.

@earlyretirementari Ай бұрын

They didn’t want to increase income for 5 years to interrupt tax planning (Roth conversions, subsidy planning, etc.)

@leehaskins307 Ай бұрын

Sequence of risk for my retirment is not an issue… i’ve save enuf to be in fixed and other investments where the equity market has very little part of my income… i have fixed income, annuities as the most of my retirement.. the market and equties is what I dont care about… people should focus more on that then equities in retirement...