They Retired 5 Years Early Due To 3 Easy Moves (can you too?)

[@philipem1000]

I love AZUL's videos and hope he doesn't mind that I tend to post my story -- I think it offers food for thought; it definitely fits the theme of this video. When I was 59 I got laid off during the Great Recession; there was not a single job in sight, in a full year I got three interviews and two of those jobs never were filled. So I "retired" -- but it started out simply as trying to find a way to survive until I could get a job. I moved to a place with a much lower cost of living (but a place I knew well and liked) and figured I could live at least a couple years, really at least until 62 and early SS on what was left of my investments. So it started out as cost saving quest for survival and transformed into experimental retirement and eventually just retirement. In the end I found a way to have a wonderful retirement on my SS check alone with money left over every month. I have a bit more income and those IRAs got pretty low but now they are bigger than ever and I don't need them. My core cost of living in Arizona is about $1300 a month. New car? Ha! I drive a twenty year old Toyota and it runs like a top and gets me where I need to go reliably! If it dies on me I can replace it for maybe $5000 if I need to. Having a stable housing cost is everything; no mortgage and no debt proved to be the big key...I got a HELOC on my place which costs me literally nothing if I don't use it, and if I do get a big unexpected bill it would allow me to pay it without hitting the IRA for taxable withdrawals. Cash flow is king. (I do take RMDs now but I just reinvest them...the investments are really for the grand kids. I look at my beautiful townhouse and the patio I built with my own hands and get a glass of iced tea and read a book and listen to music while the wind gently weaves through the trees. Oh I do more, this year I took a trip to Spain to enjoy the Costa Del Sol and did a pipe dream about living there. And then I came back to a retirement that isn't perfect but is way better than I think I ever expected. I literally want for nothing that matters. For sure I wouldn't give up one single day of those 7 years of "early" retirement. I have absolutely no stress. If you want to explore it, the first step is to track every penny you spend for a while, then ask yourself if you can do the same for less, or what you have to give up or how you could do something different that might be just as good.

[@kimhayes3828]

Dont let them mess with Medicare, Social Security or ACA ("Obamacare"). These were all labeled "socialism" but they are not- we work HARD for these programs. Frankly, we deserve high quality LOW COST/FREE healthcare like other Western Democracies have. Vote like your life depends on it. Because it just might (or that of your wife, daughter, sister)!

[@nicolasbenson009]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@TinaJames222]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@tatianastarcic]

More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to

[@Vincent-j8u]

talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks

[@tatianastarcic]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@sharonwinson-m8g]

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

[@Susanhartman.]

People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?

[@mariaguerrero08]

consider investment planning, learning from a well experienced advisor is invaluable

[@diane.moore-]

That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.

[@mikegarvey17]

@@diane.moore-Could you possibly recommend a CFA you've consulted with?

[@diane.moore-]

My CFA ’Izella Annette Anderson’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@ThomasChai05]

Thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply

[@KH-vw9yl]

Thank you for continuing to show us that we can and should retire early.

[@jacobside2656]

Who's buying a new car every 4 years? I drive mine until they fall apart

[@philipem1000]

I drive a twenty year old Toyota that runs like a top. But if it died on me I'd be able to get a highly reliable replacement for maybe $5K. OTOH some people literally have car payments of $600 or more a month... that's my liability insurance cost for a year.

[@MichaelPrudhomme-u7x]

I’m 61 and trying to do everything right with nutrition and exercise. But I feel the decay. And working as a nurse I see all this poor health every day. Don’t give up those health span years my friends. It isn’t all about lifespan. I’m fortunate to have cash to go early and delay SS as well as 401 pulls. Live with less and live more, because it’s almost over is my plan.

[@philipem1000]

Living below your means doesn't mean living cheap, it means not paying a lot for a comfortable life. And living below your means is a long term key to happiness! I had to retire in 2008 when the economy crashed and my investments were ravaged. But being frugal I found a way to make it work and I wouldn't give back a single day of my seven years early retirement for anything!

[@kman0074]

6.5 years and counting. Targeting exact same spend as working. My “trick” is my mortgage and savings are $40k a year so lot easier to maintain spending when it’s already been reduced but then vanishes at retirement.

[@2Rugrats9597]

Also the financial advisor wants to keep making money on you so you keep Your investments in there hands getting a %.

[@ljss123]

My lesson is my old boss retired last April when he turned 67. He collapsed and died 2 weeks ago 😢. He was a a lifelong smoker and was in the financial district on 9/11 and had lung issues. Still, I doubt he knew he planned on such a short time in retirement. I’d been wavering on retiring at 62 thinking it’s smarter to wait until Medicare age. No, I’d like to retire and enjoy the “youth if my senior years”. I can retire on modest expenses.

[@tfc850]

I'm doomed! My Monte Carlo is 96%.

[@davegiddings2545]

LOL 😂

[@Scarletcroft]

Sadly can't do advanced chemistry in my backyard.....that's very expensive and generally frowned upon ;). I'm only 36 rn work in farma. I don't know how I would feel about it in 20 years time. But I'm working on an early retirement just in case huffing chemicals everyday starts making me loopy sooner than expected. (follow safety regulations people your longevity is worth it) Or how about retiring, but still having a small side hustle, or taking a creative writing class and finally writing/publishing that book you always wanted to write..(just thinking) Or take up gardening and grow some of your own food, also saving costs in retirement. Being retired doesn't mean you have to just sit on your ass and do nothing :)

[@matschimatsch3931]

your content is so valuable! thank you. Thinking about retiring in two years, once iam turning fifty. :)

[@jjgreek1]

I’m 62 …I can retire easily …however I have a 16 YO and a 14 YO and a spouse that’s 57. I have a well paying job with little stress. Even if I retired I wouldn’t be able to do anything until the kids go to college… so why retire?

[@blvany]

One problem with these "Monte Carlo" projections is that they don't take account of unexpected major expenses like a health care crisis. Perhaps you are lucky enough to have a long-term care insurance policy that is very generous or you know one or more of your kids will take you in if you become unable to take care of yourself at home. But absent that, if you have to spend several years (let's say 5 years) in an assisted living facility or skilled nursing facility (nursing home), you could easily burn through $500,000 or more due to the high monthly charges in those places that are not eligible for government assistance. My suggestion would be to take the number of dollars that the projections indicate you need to fund your lifestyle for whatever period you choose, then add on at least half a million dollars to cover such a contingency.

[@BridgetMiller-]

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

[@Lewistonwilliams-f5i]

It's impressive how much you saved during your working years, a feat not many achieve in a lifetime. Now that you're retired and rely on your investments, it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.

[@Kin-28-8]

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 $30k 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.

[@berniceburgos-]

Do you mind sharing info on the advisor who assisted you?

[@Kin-28-8]

Jessica Lee Horst is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@Thompson-e7h]

thanks For clearing that up, I curiously searched for Jessica Lee Horst on the internet and thankfully, I came across her my goal is to retire in 5years time.

[@Jane5720]

Advisors are just that advising you. Nobody can tell you whether you can or cannot retire.

[@allenanthony2651]

So true!

[@fc5520]

When I am going to retire in 10 years, I will move to lower cost of living countries so I can support myself only by social security. I am single and have about 2M net worth right now. After I retire, I don’t want to worry about money anymore, will continue to invest in the stock market. My goal is to reach top 1% networth by the time I retire. It all depends on the stock market. I am looking forward to it!

[@ZelenoJabko]

If you really have 2 million, retire now! Especially if moving to Europe or even South East Asia.

[@Futralhundson]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[@QuentinHufton]

Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@Michaelfloud2333]

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Lisa Annette Robinson, has been an amazing experience.

[@ElveyBoddie]

Hello how do you make such monthly?? I'm a born Christian and sometimes it I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

[@Carlosilpso11]

I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Lisa Annette Robinson 😊🎉

[@LysterCushard]

Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?

[@mjohnsen8606]

That 5 more years doubles your $1million

[@keithradatz8296]

How’s that??

[@mjohnsen8606]

@@keithradatz8296 Rule of thumb is that every 7 years your investments double.

[@KS-cl8br]

invalid statement... depends on returns primarily and also contributions

[@ZelenoJabko]

Doubles your money in 5 years? You are better than Warren Buffet, congrats!

[@glenngardin3561]

Long time subscriber..... take that as you may..... been retired for 1.5 years. Waiting for my wife to retire, but she likes her job. All good. That said, retirement is awesome! No timelines, no office crap, no worries. Life is good. Our planner is realistic with our goals, and he says we are good. (We live in Canada, if that matters!) Thank you for your content!

[@karenjensen2345]

What part time job on the face of the earth give you health insurance? None! I will work till 65 with my cushy work from home full time job with full benefits rather than ever have to go back and take a crappy part time job down the line. I am 60, have 30 vacation days a year, and will retire at 65 when I can get Medicare as well, slam Dunk for me. Husband is retired, we have a little over 1M including our paid for house so I think we will be fine.

[@Travlinmo]

Have you considered the ACA?

[@tfrauenhofer1309]

Wegman's and Trader Joe's both offer healthcare for part-time workers. They may not be the kind of job you want, but there are a lot of people who would be happy to work for them (Wegman's is always near the top in employee satisfaction). It's what trade-off you want/are willing to make with your life.

[@johnsonajayi7846]

Once you worked and retired at 65, now you have no energy and time to enjoy life. ACA is there for the insurance.

[@mommommom4596]

Starbucks offers health insurance for part time employees also.

[@johnbrown1851]

Many nursing jobs have health insurance available for part time employees.

[@cantbetoucheddd]

How do you retire early when you have to pay early withdraw?

[@Coover90210]

You can roll a 401k to an IRA at any time. You can start withdrawing regular equal payments, designed to last your reasonable life expectancy , from an IRA at any age.

[@thedudeabides943]

Yep. Look up "72(t)", "SEPP", and "Roth IRA conversion ladder" for strategies to retire early and avoid the penalty!

[@mrb552]

"Rule of 55" for your 401k. Look it up.

[@cantbetoucheddd]

@@mrb552 thanks everyone!!!

[@tracyaf6084]

Some of my retirement is in a regular brokerage account so I can withdraw any time.

[@Peterl4290]

The thought of retirement makes me sad. 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 never imagined to happen. It's so difficult for people who are retired and have no savings to fall back

[@Mrshuster]

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

[@larrypaul-cw9nk]

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 last year due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I've made over $250k since then

[@sabastinenoah]

This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?

[@larrypaul-cw9nk]

Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@sabastinenoah]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@Keepmoving-y7c]

Great information! Thanks for the video

[@bobb7918]

You never totally run out of money if you get SS.

[@dantheman6607]

Sadly not true 😢

[@TripleDeano]

You can retire whenever you want. You just adjust your expectations. One always wants more. If you can call BS on that life, then you are golden.

[@shep68]

Unless you derive absolute joy and fulfillment from your vocation, I recommend retiring as soon as you feel financially ready to do so. Enjoy those youthful retirement years. There are entire industries devoted to you keeping your money tied up in their investment vehicles for as long as possible...forever preferably. So are you going to work for them? Or live for you. I know my answer.

[@leverman7517]

68 years old. Not a millionaire, Retired 4 years ago with less than a tenth of that. No Mortgage, No car payment, no credit card bills that can't be paid off each month. We don't eat out a lot, no cruises, really don't go anywhere. We like where we live, (90 acres in the woods of NCentral Arkansas). We're doing fine on SS and no other income. The trick? LIVE BELOW YOUR MEANS!!

[@AnthonyMaxwell-pb1sd]

I would be bored stiff.

[@billyv604]

Thanks❤

[@JJJ5.7]

Azul A scenario I hope you can cover soon. Dividends,interest and social security cover income needs. Does bucket strategy apply to this person? Can this person be very conservative with their asset allocation? 30/70 asset allocation as an example.

[@xlerb2286]

We have a pretty modest Midwestern lifestyle, and I'm fine with less than a 97% rate of success. But I wouldn't care to go as low as 80%. It's all personal choices. In our case we maybe over-invested a bit. Our plan is pretty solid even without taking social security into account. That's fine, life throws curve balls so being a little over prepared isn't the worst thing.

[@Troy_Built]

I work with two people that retired and had to start working again. I also know two people that retired in their early 50's fully intending to go back to work. One did after 3 years. The other after 2 years. They both said they wanted to make sure they got some type of retirement because they had seen many people that worked until their health failed.

[@MrOsasco]

Vice falou é falou mas não disse nada.

[@redrocklead]

Burn rate = Size of pile. Free time = invaluable.

[@IbrahimKone-ix4qi]

I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated

[@JoseLopez-lf9rw]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@JoseLopez-lf9rw]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@IbrahimKone-ix4qi]

nice! once you hit a big milestone, the next comes easier. How can i reach her if you don't mind me asking?

[@JoseLopez-lf9rw]

look up her name on the web for her website.

[@IbrahimKone-ix4qi]

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this.

[@vanji611]

2nd comment!

[@dantheman6607]

Today to retire you need a solid pension, 7 figure 401k, and later SS

[@vince8436]

Not everyone is you. Many of us can and will retire on much less and be perfectly happy.

[@Travlinmo]

Most Americans won’t have any pension. Most won’t have 1M+. But they will make it work.

[@Pat7629]

$1 million is peanuts in today's world. I don't know how anyone could live on 40K/year net of inflation. That is below poverty level in most states. I am 47 and have a net worth of $3.2 million and plan to work until 50-55. I think $5 million per person which would yield $200,000/year is barely sufficient. Any decent location around the country (ie: LA, NYC, Palm Beach, Hamptons, Boca, DC, San Diego, Seattle, Aspen) worth living in is going to be 4-6k/month minimum rent or mortgage. If you want to live in the middle of nowhere and not travel anywhere or do anything, sure 40k/year is sufficient. Personally I have much bigger aspirations in retirement and want a more fulfilling life.

[@JTBY007-iy1zu]

LA, NYC, DC, Seattle, San Diego... are those really decent locations? Maybe 40-50 years ago. Today they look an awful lot like overpriced, overcrowded, crime-infested relics swirling around the porcelain bowl into the drain. Most big cities have adopted Detroit as their model. Back in the 1980s when I visited San Francisco, it was immaculate. You could eat off the sidewalks it was so clean. Now if you step on the concrete you want to burn your shoes afterward. Chicago used to be the "City that works." Now it's the murder capital of America. I could go on, but there's no need. If you do go on working for another few years and hit your 5M target, take your money and move away from those doomed hellholes. They're only going to get worse.

[@moodcp23]

I’m in a similar situation. I’m 46 (wife 37) and our NW is $9.5 million and it’s not quite enough to support our lifestyle (HCOL, private school, nice house but nothing over the top). Monte Carlo score 89.

[@TheBryanmauro]

I got your back Suzi!