How nice it would be to live off the dividends of one’s portfolios rather than using any of the principal
@brianknecht32165 жыл бұрын
Saving for retirement is great, but why not advise debt reduction as well? I see many retirees carrying way to much excessive debt without any thought. Another great show Consuelo.
@jamesmorris9132 жыл бұрын
I have seen other videos, where Christine is touting the benefits of the "bucket strategy", vs. a standard asset-allocation approach. In therory..I think her plan has some merit..HOWEVER..she NEVER is precise, about how (or when) to begin reducing (or liquidating entirely) BUCKET #3! This "vaguery" drives me CRAZY!
@2012photograph2 жыл бұрын
Don't say what Happened if reach 40yrs of employment in your organization but age 60 may cost effective working longer.
@dancasey96605 жыл бұрын
Why not just convert to a Roth, let it run for 20 years and take it out if you need it? Kind of self insurance! Living on $40k a year from $1 million? Plus Social Security, plus any pension you might have, and you can also do a little part time work if needed. This seems like it would be a pretty reasonable retirement! If you somehow can delay taking Social Security until 70, you'll be even better off
@chessdad1824 жыл бұрын
I have a pension from a previous employer that I should be able collect once I retire. I’m expecting a pizza a month from it. LOL.
@bruced.3703 жыл бұрын
4 % rule is outdated and wrong assumptions. Who says you don't want to touch your principal? Spending as you age has been proven to decline. 85 yr old don't spend as much as 65 yr old. Wrong assumptions made for this stupid 4% rule. If any rule should be around 6% but everyone is different. And Hey I could live comfortably with $40000 a year as long as I have no mortgage and that is the key. Expenses are the key to everything.
@briansutter76963 жыл бұрын
Everyone is already broke and the Wells Fargo answer buy more insurance. These financial advisors act like at 85 your going to be out active playing golf/tennis traveling the world. The reality is nursing homes are full of 80 plus yr olds spending the money they have from selling home and will end up kn medicaid., and Wells Fargo say work till your 70. They never talk about how much more money they make while managing your account the extra 5yrs they encourage you to work.
@bruced.3703 жыл бұрын
Totally agree 👍. They gave skin in the game and can't be trusted. Spending decreases with age has been proven.
@MarincaGheorghe3 жыл бұрын
@@bruced.370 You spend less, but what if you portofolio dries out ?