The Ultimate Guide to Retirement Planning

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The Ultimate Guide to Retirement Planning

Рет қаралды 23,937

Ай бұрын

I've spent years simplifying complex topics like Social Security and retirement planning. One of the first resources I offered to help my audience was the Social Security Cheat Sheet. Later, I added the Retirement Planning Cheat Sheet. Since then, hundreds of thousands of those have been downloaded.
Now, I'm excited to share the Big Picture Retirement Planning Cheat Sheet. This new guide combines the best parts of the old cheat sheets into one easy-to-use resource. I included the most important information and added new details that many of you requested.
Just like before...it's completely free. Download your copy today to get the clarity you need for confident retirement planning. The download link is below. Thanks for being such a great audience!
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🔗 LINKS 🔗
📍 Get the Big Picture Retirement Cheat Sheet: www.carrolladv...
📷 Get Exclusive Access to Six Unpublished Videos. There is no charge, but these videos are ONLY available to my email subscribers! www.carrolladv...
🧭 Use my link to sign up for a free trial of NewRetirement and get a FREE copy of my best-selling book, Social Security Basics! www.devincarro...
🎤 Listen to my podcast www.bigpicture...
➡️ Hire Devin and his team -- www.carrolladv...
Disclaimers 👨🏻‍⚖️
📜 HEAR YE HEAR YE: Some of my videos contain links to third party products, apps, and services. If you click through, I may receive a small referral fee to my media company (Carroll Media) through their referral program. Rest assured, I only recommend products or services that I believe will be helpful and informative to my audience.
⭐⚠️⭐Please read this⭐⚠️⭐
⚠️I am not an attorney, SSDI advocate, or affiliated with the Social Security Administration or any other entity of the US Federal Government. I am a practicing financial planner, but I’m not YOUR financial planner and since I don’t really know you, I can’t give you advice. So please don’t take this video as specific advice for your specific situation. Consult your own tax, legal and financial advisors. 🙇🙇🙇🙇🙇
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Пікірлер: 50

@DevinCarroll Ай бұрын

Get your free copy here www.carrolladvisory.com/pl/2148282517

@stone14z Ай бұрын

The 8% that the benefit increases per year after FRA assumes that the claimer continues working. If someone stops working and lives off of savings until claiming, it appears that their benefit increaess by about 7.2% per year, not 8%. Do you have information on precisely what the increase per year is for someone who has no income?

@spookietowne7932 Ай бұрын

@stone14z the increase of 8% per year from FRA until 70 is a constant and delaying until then by using savings has no bearing on this.

@stone14z Ай бұрын

@@spookietowne7932 If it is constant then the mySocialSecurity website benefit calculator is broken. I am 68, when I have it estimate next year's benefit amount, it is 8% higher than this year's benefit amount assuming that my salary remains unchanged but when I set this years salary amount to $0, it shows next year's benefit amount as being 7.2% higher than this year's benefit amount. So either you are wrong or the Social Security Administration is wrong. Hence why I asked the question. Please give sources so that I can confirm your answer.

@stone14z Ай бұрын

The benefit calculator on the social security website shows my benefit next year increasing by 8% assuming that my salary this year is the same as last year. When I change this year's salary to $0, it shows my benefit next year increasing by 7.2%. So either @spookietowne7932 is wrong or the benefit calculator on the social security website is wrong. Hopefully Mr. Carroll knows a reference for the answer.

@DevinCarroll Ай бұрын

@@stone14z The precise amount is 2/3 of 1% per month during the period beginning with the month you attain full retirement age and ending with the month you attain age 70

@July.4.1776 Ай бұрын

Devin, This is some of your best work! 👍👍 Thank you for helping all of us out. 😎

@DevinCarroll Ай бұрын

My pleasure!

@Zues64 Ай бұрын

Good stuff, Devon. Great summary of key retirement numbers at the tips of our fingers

@pamp212 Ай бұрын

You’re great at simplifying things! Thanks for another great reference that cuts to the applicable info. What a terrific planning tool!!

@spookietowne7932 Ай бұрын

Devin, thank you for all of your informative videos about SS. But I'm hoping that you can make a comprehensive video for those of us that do not fall into having $1.5 million & over in some type of savings or portfolio. The folks needing the most help figuring out to delay and/or to bridge will be those of us that are 62 & over that have $250,000 and less in an IRA or 401k. Thank you Devin!

@harryl7946 Ай бұрын

Here here! Mr Carroll, some of us only have 500k @ 65 but still working and contributing to our Roths. 😮 Just about every FA talks about drawing 4% on 1 Million per year + COLA. Hell Dave R says draw 8%! Oh yea, there’s a plan 😮 What say you sir. We are asking so if you please what are your thoughts on this

@LouisS-cs7bh Ай бұрын

Thank you for sharing this with your audience.

@DevinCarroll Ай бұрын

Thanks for being part of my audience!

@mellissadalby1402 Ай бұрын

Thanks Mr. Devin

@johnnyretires Ай бұрын

Thanks for all the leg work on this cheat sheet.

@russdavis1960 Ай бұрын

These 'cheat sheets' are a wonderful service and I thank you.

@DevinCarroll Ай бұрын

Glad you find it valuable!

@mandydominguez1025 Ай бұрын

Thank you for all the great info you provide us. Can I say though, it is so screwed that me and my husband would be better off divorced so we don't get taxed on our social security. Single we each could have 24k in income, for 50k combined, but married only 32k combined.

@michaelhale1666 Ай бұрын

Mr. Caroll, where can I find the withholding tables for a W-4 P such as used by Teachers Retirement System Of Texas? TRS cannot give me a referral though they can tell me the amount, nor can I find a table such as that noted in IRS publication 15T.

@JP7onEarth Ай бұрын

Did you get a New Coach yet? Thanks for the information.

@MAnderson5 Ай бұрын

In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a CNBC podcast. I'm wondering, what could be the strategy for such returns?

@fromthebirchwood Ай бұрын

Find quality stocks that have long term potential and ride with those stocks. As a regular investor, I have found it takes someone who is very familiar with the market to make such good picks.

@M.Morgan Ай бұрын

Agreed, opting for an advisor is the ideal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with one for a while now, and my portfolio has surged over 120% since early last year to date, summing up nearly $1m.

@dianaP14 Ай бұрын

@@M.Morgan please how can I connect with your advsor? I am 59 and have my money scattered around, need to be moving faster towards stable retirement

@M.Morgan Ай бұрын

Can't divulge much, I take guidance from ''Karen Lynne Chess'' and most likely, the internet should have her basic info, simply research.

@alan_drees Ай бұрын

thanks for putting this out, curiously searched Karen Lynne Chess on the web, found her consulting page and was able to schedule a call session, no sweat !

@johnfetter3252 Ай бұрын

Would you be able to do a video for QCD(Qualified Charitable Deduction) for RMD's in IRA's? Thank you.

@DevinCarroll Ай бұрын

Great suggestion!

@charlesanderson7988 Ай бұрын

Thanks!

@DevinCarroll Ай бұрын

Thanks!

@dipaknadkarni62 Ай бұрын

Thank you. Awesome.

@DevinCarroll Ай бұрын

Glad you liked it!

@cathysoldan6540 Ай бұрын

How about charts for small business?

@leanncruse9802 Ай бұрын

Thank you for the cheat sheet. It is a wonderful tool for planning.

@SouthDenverDave Ай бұрын

thank you for offering this great retirement planner. just a quick question. is this for windows platform only?

@partsmanba Ай бұрын

It’s a pdf so it’s OS agnostic

@patd2765 Ай бұрын

I have always appreciated the cheat sheet. Is it possible to have links to your videos that are relevant to the data on the cheat sheet? Maybe right at the bottom of the data.

@M22Research Ай бұрын

Thank you for a handy document, but please, please provide it in a format that does NOT eat toner and ink when printing it out! It can be just as legible and clean looking without all that dark background.

@markhuff9180 Ай бұрын

regardng step1 on page 3, what is considered tax exempt income?

@user-eg2sj8lw1p Ай бұрын

My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?