Vanguard has solved the biggest problem in retirement planning (My clients love their approach!)

[@tomf9292]

Very true. I retired about a yr ago, I’m now 60. I do have a problem going out for an expensive dinner ($100+) I just don’t see the value and usually the food isn’t that good for you. I live in FL for the winter-fall and Cape Cod in the spring-summer. I do use the bucket strategy and we should be fine. But it is tough spending after a lifetime of saving.

[@TheRetirementGuyYT]

I’m so TIRED of the winters in Chicago!!! Thanks for watching.

[@tomf9292]

@ retire and move here! I’m on my way to play some golf. Nice for January

[@HB-yq8gy]

Yes, that's so true but, after reading "Die With Zero" We are both 60 y/o I retired 11 years ago. We are gifting now to our children. So far we have paid for weddings, vacations, and closing for our daughter's house. Florida gets hot, and they need a new Central AC. I won't be selfish cheap A""s like my father.

[@Chartman60]

Tom, we just retired and feel the same about spending $$$ at restaurants because we feel like we cook our meals better than any restaurant can. It seems we never leave a restaurant without some sort of digestion issue - mostly minor. Our thinking is that what we don't spend can go to our only son and his family. We still travel some and enjoy visiting places but we also really like staycations. I mean, we bought a killer house that has everything we need, so when we want to we just jut out in a direction on a day trip and visit something local we never knew existed but was really enjoyable, and then return home. We'll never be the couple that has to post a new major trip on facebook everyday other week so we keep it simple. Most folks I know who were very disciplined about saving and paying things off have the same sentiment as you. You do you, and the rest can do their thing. Best of luck!

[@tomwickham8938]

And the waitstaff is always overworked.

[@jaydavis284]

Great content Darryl, thank you so much

[@TheRetirementGuyYT]

Glad you enjoyed it

[@glennoliver1871]

I just retired from the insurance industry 15 days ago. We are both 71 and have cash and investments of $2M (not NW). No debt. House paid off at 50 and 2 late model cars are paid as well. I’m now looking at what is the right amount to spend monthly which is a bit confusing. There’s so so much information. My financial advisor is good and helpful but the answer has to come from me and my wife. The other concerns are obviously developing an efficient tax plan and the impossible question of what effect will inflation have on the portfolio. This does consider both of us stay healthy or all bets are off. I’m confident but unsure of the best options going forward. So much for my rant.

[@HB-yq8gy]

We are 60 y/o with nearly the same assets as you mostly pre-tax. Yes, the financial advisor is there to hold your hand and charge you. If you have no debt and track your spending that's your answer. It's not hard. Our total yearly expenses for everything & vacation is approx $120,000 that's a lot for some people. Our ultra-low-cost financial advisor no aum said we can spend $127,000 yearly & never run out of money! This is a great exercise but, some years it might be more like home improvements, replacing a vehicle and kids' wedding.

[@stephanebogen5411]

great video. Dynamic spending makes lots of sense and I like the notion of spending capacity. Something I missed and need guidance with, is about longevity of the portfolio. Do you have to input value such as zero at end of life of a specific $ amount that you want to have left for inheritance for ex?

[@TheRetirementGuyYT]

Yes. I usually put an inheritance number if that’s of interest to people.

[@Beadgcfb]

I think the knowledge that I might have to spend less at an unknown time would still result in spending hesitancy. I'd want to save in the good years for that potential rainy day, or for that big spend I have planned for a year or more in the future.

[@TheRetirementGuyYT]

Good stuff. Thank you for watching.

[@StephanieHana69]

Thank you for the video - great approach! Question… does this approach take into account 2 items related to the client’s spending: a) inflation (today’s $9800 vs. tomorrow’s $9800), and b) changes in spending desires over time (“spending smile”)?

[@TheRetirementGuyYT]

Yes, exactly. Both are considered

[@g.ajemian4968]

Does that include Social Security and are they waiting until full retirement because they are much younger than that according to your income lab projections can they spend that much for a month until they get to 67 that seems awfully high for a roughly $600,000 portfolio thank you

[@TheRetirementGuyYT]

Yes, include Social Security

[@peaceofcake8464]

They are retiring in 2027, so it looks like they aren't retiring until he is 67 and the spending page says it is for 2027. The SS page isn't scrolled down far enough to see the claiming strategy, but it looks like full retirement age.

[@Erginartesia]

Screw leaving $ for the kids. If your kids need $, spend it on them while you are alive to watch them enjoy it.

[@TheRetirementGuyYT]

I agree

[@jimbrown4640]

Some people want to pass something along to their kids after they pass away.

[@TheRetirementGuyYT]

Yep. I agree. Thanks for watching.

[@EmilyRachelThompson-e4f]

This year is already amazing! In just a week, I’ll have paid off my $285,000 debt and be on the path to financial independence.

[@JacksonRyanThompson-v4h]

How did you manage to achieve that level of growth? I've been trying everything I can to improve my investments, l want to retire in a few years and I need a better diversification

[@EmilyRachelThompson-e4f]

Luck played a big part for me. At a seminar in Los Angeles last year, I met Galen Ambrose, a trading consultant. I didn’t have much knowledge about trading, but after our chat, he introduced me to his platform, where I could learn alongside others.

[@JuliaIsabelleRodriguez-o4k]

Having a skilled broker or account manager makes it much easier to profit from the market.

[@ParkerBryceHarrison-u1d]

but the market keep fluctuating.

[@EmilyRachelThompson-e4f]

I recommend avoiding trading on your own-it’s risky. Get guidance from a professional trader.

[@Daniel-b1s3s]

An increasing number of people are likely to face challenges in retirement. Low wages, rising inflation, and high rental costs make it difficult to save adequately. Now, even middle-class Americans are struggling to afford homeownership, putting their retirement plans at risk.

[@DanöVee]

The surge in living costs has disrupted my plan to retire at 62, work part-time, and continue building my savings. I can't help but wonder if those who weathered the 2008 financial crisis had it easier than what I'm facing today. The volatility of the stock market, paired with a decrease in income, has raised concerns about whether I’ll have enough funds to secure a comfortable retirement.

[@FrankJaaay]

This is exactly why I rely on a portfolio coach for my investment strategy. Their expertise-managing both long and short positions, capitalizing on asymmetric risk, and strategically hedging against market downturns-makes it incredibly difficult for them to underperform. Over the past two years, working with a portfolio coach has helped me generate over $800,000 in returns.

[@Toni__Michelle]

How can I find a trusted financial planner like yours?

[@FrankJaaay]

Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.

[@HotManP-l5g]

She seems highly qualified. I looked her up and found her website-thank you for the recommendation!

[@PJBHolden]

A third head? 😂

[@TheRetirementGuyYT]

Yes, 3 bald heads.

[@PJBHolden]

@ 😂😂