How To Retire Early | Wes Moss | Retirement Secrets

[@anthonyg6221]

I've been debt free, no mortgage, car payments, CC debt for over 10 years. The financial crisis really paid off for me. I was able to buy a fixer upper house for 45K cash (No mortgage) in 2010 and sold it for 128K in 2018. It was a crappy neighborhood and I sacrificed quality of life to live there but those profits, along with additional money I saved over those years, allowed me to buy a house in a nice neighborhood which is paid off. I max out my 401K every year. I drive older cars, have some big boy toys, older mustangs, older wave runners, older snowmobiles, etc. All paid for with cash. I'm 41 now and plan to retire at 60. The key to retiring early is eliminate all debt as early as possible. Sacrifice now and enjoy the rewards of not having to work later. Eliminate all debt = happy life.

[@Triggin1]

Amen brother! right there with you!

[@mmabagain]

Thank you Wes!! I didn't realize it but I'm already there! My wife and I have no mortgage. Have over 500K in retirement funds. Plus, I get a $2K/month pension. Three more years and I can start SS. I'm a happy man!

[@dragonmyst000]

Thank you. For years I have been hearing 1mill is the base to start a successful retirement. I could never get to that point after 2 divorces. What you advocate in this video I already have. I will now just waiting for the pandemic to get controlled so I can retire. No need to waste my retirement in lockdown. Once again, thank you for the straight talk...

[@ron311]

Thanks Wes for the info. I purchased your book You can Retire Sooner than You Think about 4 years ago. It reinforced what I was doing right and gave me great insight on what I needed to do, from hiring a fee only financial planner, to core pursuits once I retire. My retirement date is August 1, 2019. I'll be 56. Mortgage paid off, $480K in a 401, a monthly pension after 29 years on the job, and 8 rental units. I'm really looking forward to being part of the "happy group". Thanks again.

[@allenmcdaniel1470]

I like the small rental bldg. idea- DEF. a smart move!

[@kytacomaguy]

Great video Wes! Thank you so much for making retirement planning easier!!

[@usafdirtboyz2797]

I am so lucky retired at 55 and moved to Cebu Philippines......I had a good federal job and could have continued to work, but life is short....sometimes you have to make moves to improve your life.....I give myself some credit due to the fact that I have 3 pensions.....but also got a lot of breaks along the way....

[@JaZaarMercury]

Thank you ,Wes. I'm still buying your book asap. I have $600k saved up and I can't take my job anymore.

[@howardcunningham3050]

great info. subbed.

[@capsterful]

Any recommendations for long term care scenarios? That could wipe out 500k pretty fast. This is my main worry after Healthcare.

[@BossChronicles]

I live in Southern California I’m 31 and deff wanna retire early I think I gotta move out of state to a lower cost of living state accelerate the process.

[@franciscortez205]

Great information! Such a great way to look at retirement. Also having a purpose really keeps you mind and body going!

[@atlehangkereng9580]

Well said 👏

[@rosettejones5050]

I like that you chose to define an amount for everyone...

[@MrChickster12]

I think of this way too much but thanks for this. I am 49 and can’t see myself working for the next 16-18 years

[@tedmnicholas222]

Great video. We are planning of doing just that ... We are 3 years away with a paid off mortgage and shooting for a 520k .

[@mattmentzer8610]

One of my problems is to be sure I have the $$ to fund the 8 core pursuits I came up with in about 5min. :) Great content. Subbed.

[@snakechrmr6398]

A million "needed" for retirement? $500K "needed" for retirement? Total BS. Problem here is the American unwillingness to separate "want" from "need". You "want" a million or $500K to retire, not a problem or even arguable. But millions upon millions of people have retired and are retiring daily happy and comfortable on far less paper figures. Retired at 62 (Mar '13) because I noticed my senses beginning to slowly deteriorate. Faced with having to return to the US and re-energize my brand or decide it was time to play full time I decided to stay in Europe. Stopped working w/low 5-figures in cash, no 401, new inexpensive high mileage auto (bought w/cash), 7 year old Harley (bought new w/cash), no debt and a small pension. Lived off savings and pension at the beginning starting SS at 64 1/2. Today, 6 1/2 years later at 68 I sit happy and healthy as a clam. Even add a little to my savings each month. Monthly expenses except food but including rent and medical insurance run around 30% of my SS benefit. I travel frequently, eat most often at restaurants and spend most spring, summer and fall months riding a 13 year old Harley around Europe? (just returned from a 23 day, 4200 mile solo m/c trip across 7 countries riding over the Pyrénées and Alps) And I'm not particularly smart or special. No college, no family money and worked my life in a blue collar trade. Just planned well and understood the difference between what I might want and what I "need". Didn't hurt I got away from the US buy, buy, buy mindset.

[@ineedmickey5170]

snakechrmr Awesome!!!! You give me hope☺️

[@canyonoverlook9937]

Where do you live in Europe? Do you rent? If so, what do you pay in rent and what do you pay for medical insurance?

[@lifestartsat45]

Thanks for the info.I went ahead and left my job early with no pension.I may not have quit enough money(close though)according to this video but I did it anyway.I plan on documenting this on my channel.

[@teams3345]

I can’t stop saving even in retirement. I can’t seem to start spending more. I am 63 and have been retired for over seven years. New house and new cars paid off with cash.

[@jrb6434]

Outstanding video - great information, simple math. Thank you for it. I can attest: paying off a mortgage (early) is very much worth doing. Could go on for days about that. Whatever a person or couple can muster, small or large, fast or slow, do whatever you can whenever you can to achieve that. I'm sure you won't regret it. Meanwhile... 3.6, huh? First time hearing that one. That's going to be a fun goal to pursue...

[@uncareid5557]

Done at 66! Less than 500k, a lot less! It can be done!

[@dancasey9660]

So look at what you no longer have expenditures on. Not saving for retirement, no Social Security, or medi-care tax. Hopefully your tax rate goes down, at least until the RMD'S start popping up, and you might be able to minimize those by doing some Roth conversions. Next you may not have all those expenses that go with working. Less cost of Commuting, clothing, etc. Next, see what you can do without. Can you cut back on the cable bill, do you really need the second car, or can you and your significant other get by on one car. Can you get by on a cheaper cell phone plan? And finally can you downsize the house you live in? Maybe the best thing to do is to start parting with possessions in favor of having more experiences in retirement!

[@jperez1910]

Dan Casey I have said the same things, one can only go from two to one car and insurance...etc,

[@arisgod2749]

Absolutely spot on. And Dan, let me add move to a cheaper state with no taxes or better yet live like a king aboard for less than 3K per month. You want experiences? how about learning a new language in your "new" country. That is what I and the wife planning to do. Retiring in 9 months just when I turn 57.

[@freedomwillring6749]

@@arisgod2749 Good luck, I hope to do the same thing myself for me and my wife. I'm 51 and praying that my company will offer me a early retirement and pension buy out in the next few years. So I wish you the best of luck.

[@masterphotog4131]

Thank you for a great video, keep up the good work!

[@WesMossMoneyMatters]

Thanks for watching!

[@a.phillips6892]

I have no debt, no mortgage, rent an apartment. I have 403b and pension. Worked at same place 31 years. Can I retire at 62 and be ok?

[@eliasdiaz4609]

You have great points....could you get to them a bit faster?

[@arisgod2749]

Wes, about the mortgage. What I would say instead is living arrangement money should be covered fully before retirement. it can be a mortgage paid fully plus maintenance expenses for the house/apartment plus property taxes. Or it can be your rent. Second is healthcare/insurance. You got to have it covered.

[@shader26]

Wes’s advice is probably good, definitely upbeat, but people need to judge if it is THEIR situation. For example a couple that paid off their mortgage on a house that is relatively new, no issues, well kept though they STILL might run into maintenance issues, probably will be ok on that front. Same couple in a house where the roof is starting to leak, foundation shifting, water heater and pipes on their last legs may incur HUGE expenses and that would eat into their 500000 dollar nest egg, and loss of that would compound itself as less per month, on a lesser sum and can’t make it up again. Also where to get a safe, solid 5% interest these days? Bonds don’t pay out monthly, interest rates in banks are almost negative, stock market is a huge gamble.

[@stephtraveler7378]

You are the first FA I've hear mention the subject of Core Pursuits. There are countless examples of unhappy retired peeps. My core pursuits are 5. My wife identified 4 of my 5. Which is good. Does your book talk more about Core Pursuits????

[@WesMossMoneyMatters]

I talk a LOT about core pursuits in the book! They're so important for a happy retirement. I actually write a lot about them on my website as well - www.WesMoss.com. Glad to hear you have so many core pursuits!

[@markcote5936]

What about the high cost of health insurance? As well as the need to keep ones income low to qualify for tax credit.

[@markcote5936]

To clarify, the Affordable Healthcare Act.

[@Triggin1]

age 45 here. married, no kids, have $500k in 401k, no mortgage and no other debt. can i retire??? :-)

[@sarahsorenson2624]

Also wanted to ask if my household has 500,000 and i retire at 65, should i wait to draw SS until full at 67, and just use the 500,000 to carry me for those 2 years? Or should i go ahead and take SS at 65?

[@EricLThomp75]

The age old question: pay extra on the mtg each month or invest that extra? At what interest rate do you make that decision?

[@darylfoster7944]

You're probably better off paying extra on the mortgage, regardless of interest rate, unless you're fully invested 100% of the time. Even if you're on average 90% invested most of the time (for me it's much lower), that means you have 10% of your money sitting in cash, which is earning next to nothing. Plus the mortgage savings is a sure thing, whereas the stock market is not.

[@christopherhennessey8991]

Glad I retired when I did.Am enjoying my pension and Social Security benefits

[@msxeunybunxy]

What do you do once you retire?

[@WesMossMoneyMatters]

Enjoy your core pursuits! You can read more about this here - www.wesmoss.com/news/why-its-critical-to-find-your-core-pursuits-before-retirement/

[@strokerace4765]

I retired at 39

[@sarahsorenson2624]

How do you get 500,000 to generate money? CD's mutual funds annuities? how does it keep growing?

[@bluegillmich]

Thanks for the shout to WF ( i hate them - LOL) ..( if i stay the course i will be mortgage free by 58, however that's going to happen much sooner) My dad was mortgage free for years, i understood how he saved so much ( no debt, frugal life)

[@archiemunro3824]

Excellent & straight to the facts - very good.

[@Richb711]

Wouldn't it be better to pay off the mortgage and invest at the same time. Because of the compounding effect if you wait until your house is paid off you'll have to work extra hard to save up

[@BodaciousWench]

Are all these based on having a spouse and a house?

[@KD-mj2ms]

Wes, you're leaving out something as big as a mortgage. HEALTHCARE.

[@ariefraiser140]

Obamacare. The people who really benefited from Obamacare, besides people in poverty who now qualified for medicaid, people with pre existing conditions, and young people up to age 25 who can remain on their parent's insurance, under Obamacare were early retirees and entrepreneurs. With the subsidy policies on the exchange really is on par with what private companies give their employees. At my job I pay 30% of the premiums and my company covers the remaining 70%. My share for me and my son is around $300 a month. This year the subsidy limit for 2 people is around $65,000. I know this because I'm really thinking of retiring by age 50 and healthcare is huge for since I have a medical condition that requires monitoring. The thing is my doctor believes it would improve if I reduce stress from my life and quite my 2+ hour round trip commute to work and back but I still need medical insurance to pay for meds and treatment. Early retirement could be a life saver for me but only if I have decent insurance.

[@KD-mj2ms]

@Arie, bingo. Obamacare makes it possible for some of us who have saved and planned to retire early. But, there is no guarantee that Obamacare will not be destroyed by the GOP at some point in the future. They've certainly been trying to kill it. It is protected with the Democratic majority in the House, but there's no guarantee that will last for the next 15 years to make it to Medicare coverage age. It seems the GOP wants us to be beholden to a corporate employer, but watch when you turn 50, and that employer wants to offshore your job or pay someone fresh out of college to do it....not so easy to get another job at 50. Some of us could then retire if it were not for the unpredictable health insurance cost....or the unpredictability of the pre-existing conditions law even surviving.

[@steveclarke3863]

K D z

[@Laborkei]

Exactly....

[@LVQ-so5th]

@@KD-mj2ms And the people paying for your Obamacare subsidy will have to wait to retire because their hard-earned money is going to leaches like you. How fair is that?

[@Patientflipper]

Get rid of the mortgage so you can use that money to pay for health insurance. At best have no mortgage and retire at 62 and collect social security and then maybe you can use all of that to pay for insurance

[@mkshffr4936]

Number 1: Debt free seems doable. Number 2: 500 large... not even if I work till I am over 100.

[@allenmcdaniel1470]

Here here!! Not always feasible, and mine just took a hit. DO I keep working, try to get some of it BACK? Or just retire Now and learn to live with what I Have? Age-old Question.

[@jfalbo]

Great info. Short and to the point. How does a pension work into that $500K? Surprised you didn't include a healthier lifestyle to keep healthcare costs down....

[@captnmike3260]

The best plan is to start early. As soon as you start working full time (early twenties) you should be saving 15% of your income. Can't get to 15% immediately? Start with as much as possible even just 2% and every time you get a raise, move half of that amount into your 401k or IRA.

[@dancasey9660]

Take your income needs, subtract Social Security, subtract Pension Income, and then times the remainder by 25. If you need $100k, and you have $25k in SS, $25k in pension, that leaves $50k you have to cover. $50k x 25 puts you at $1,250,000. You change these numbers around based on your circumstances. Perhaps you and your significant other has SS, or pension income. Maybe one of you have an annuity, or rental income. You can factor all that in to this calculation. I know my wife and I will not need much based on taking pension at 65 and SS at 66. Maybe we take some of our savings early to bridge the year between now and those key ages if we want to retire early. Remember though, you win need to take minimum distributions at age 70.5 for Traditional IRA'S and 401's. If you can pay the taxes now and be in a Roth IRA or 401k, the better off you'll be.

[@wisdominvestor]

Thanks for watching. The healthcare aspect is a good idea. I include that in my life myself and it should be right up there with the financial aspects.

[@allenmcdaniel1470]

Good Point! Many would say, 'only TRUE Wealth'!!!

[@planeguy95]

I am extremely lucky to be buying a house cash at 27 years old - I will have no mortgage and will only ever move and upgrade with cash (though I will have no immediate intention to do so). My next step is to set up a business to help me fully escape the rat race and never have a job again. I feel like this is within reach, especially quoting that I'd only need to build up around $500,000

[@waterheaterservices]

At 62 I am on track to retire early at 92

[@jamesshomesolarmore2223]

My retirement home is paid for but I am carrying a mortgage on the home I currently live in. My plan is to sell it, it is in a high tax state. But I also have equity built up in it. I have a home paid for where I will have no income tax. Trying to save by living in a more tax friendly place.

[@bmarie8965]

Im considering a cheap RV and rent my house for 3-5 yrs to help pay off mortgage ,

[@allenmcdaniel1470]

Like that idea! No house here, thinking of an RV and just living on the road. Find a nice place & mebbe stay a while! No kids, wife, etc.

[@doubleooh7337]

where do you invest money?

[@ZhenyaNoble]

Real estate, turnkey

[@chuckmurray1825]

I can't be debt free because I don't have enough time to pay off the mortgage but I've refied it to get it down below $500.00 per month with no other debt so I should be okay.

[@michaelmoran3372]

Paid off mortgage...$500k in savings..lots of super-charged hobbies...no problem! I’ll get right on that...

[@trevorrice1090]

This is amazing content! Subscribed! Definitely want to meet sometime. - Trevor Rice

[@Laborkei]

No Mortgage and Car Loans, and Large Credit Card Balances.

[@Skott62]

I dont think most Americans will have $500k at retirement. Whatever that age is. Most will be lucky to have half that. Now most could have their mortgage paid off by then if they bought in their thirties. Not sure how renters who never owned will fare. Monthly rent is same as a mortgage payment in that its money you have to pay out of your pocket every month.

[@MrSethmo13]

I have a question about that $500,000 figure and the 5% rule you referenced. Is that 5% supposed to be a rate of withdrawal or is it supposed to be a rate of return? If it is a rate of withdrawal, what is a retiree supposed to do after 20 years and the money is gone? If it is a rate of return, how are you contemplating investing this money? While it is possible to get that rate of return, it comes with great risk, the kind of risk that retirees living on a fixed income are generally not willing to take. Either answer (Rate of withdrawal or rate of return) seems to create a conundrum. Can you elaborate?

[@WesMossMoneyMatters]

Hey @MrSethmo13, these are great questions! The 5% is referring to the rate of withdrawal. I actually write more in-depth answering your questions here - www.wesmoss.com/news/how-to-use-1000-bucks-a-month-rule-to-plan-for-your-retirement/. If you have more questions, please send them through the contact page on the website.

[@Stillnapie]

Are you assuming you will not make anything on your money? If it's a 0% account you have a lot bigger issues.....

[@MrSethmo13]

Stillnapie Stillnapie - No, I did not assume a 0% rate of return. However, given a retiree‘s preference for security, I did assume a very low rate of return. And while this would slow down the rate at which the principle is depleted with a 5% draw down and the $500,000 would therefore last longer than 20 years, I didn’t want to over complicate the question by including this consideration. But certainly you are correct, a 0% rate of return would be absurd and anyone considering such an account would have, as you put it, a lot bigger issues.

[@MrSethmo13]

Wes Moss Money Matters - thanks!

[@Stillnapie]

@@MrSethmo13 In over 35 years of investing I have averaged 5.1% through all the ups and downs including the great recession. That has been a very. diversified portfolio and my risk tolerance has lowered as I have aged (58). Time and lack of debt is your friend. A 4% rate is pretty usable.

[@darbymathis7670]

..you mention a portfolio of "50%stocks, 50%bonds"...what funds would you choose if you had $750K to place as an income generator at age 59-1/2, to start drawing 4% from for income?

[@shafnose]

Total Market Index & Bond Index.

[@travisshooks8736]

You could just get a 15 year mortgage. That would help you pay it off

[@Richb711]

A 15 year mortgage forces you to pay more whereas a 30 year you can choose to pay in more. And keep the extra money if something comes up

[@rl3938]

Does the 500,000 need to be doubled for a couple?

[@maonyksmohc9574]

yes, or at least nearly because you are maybe able to live a little bit cheaper together, if so than probably 800.000

[@purelovexist]

It seems he was counting for a couple as he said social security around $3K for both

[@joseperez1085]

I believe the $500 k is combined for couple.

[@relikvija2]

i want to retire at 3am now thats fuckin early!

[@alisonnorcross951]

My mortgage £56 a month Owe £30000.but I could pay it but choose not to yet?

[@alisonnorcross951]

Yep but you don't get that high interest rate.

[@Stillnapie]

If you invest properly you will get more...What are you looking at??

[@wisdominvestor]

You have some real good ideas here. I would encourage folks to learn to be in the stock market during up trends and out of the stock market in down trends.

[@bster13]

Thank you Captain Obvious. Ivy educated hedge fund traders cannot reliably time the market, what makes you think average Joes can?

[@wisdominvestor]

Thanks for watching. The buy and hold crowd ends up selling at the bottom. Investors need to watch their money closely and learn about their investments. We are not attempting to time the market, but use technical indicators to help determine when the market is going up and down.

[@bster13]

@@wisdominvestor hrmm, buy and hold don't sell at the bottom, they but and~hold~. Haha. Everyone thinks they have a methodology where their active investing beats the market, but the reality is over enough time and with expense ratios plus transaction costs, active investors get slaughtered.

[@wisdominvestor]

Thanks for your comments. Each person has to look at their own situation. Since most don't study the markets, they may be better off buying and holding. History says the market eventually goes back up. Unfortunately, many sold at the bottom in the last down turn.

[@BigRed2]

Wisdom Investor Pros can’t time the market 😂 Just stay on the roller coaster and look at the trends as we have far more bull markets then bears, only way you lose money in the market is when you sell on a down market other then that it’s almost impossible to lose money

[@williambritt2567]

This is totally ridiculous. First assuming you paid off your mortgage that all is good. What about credit card debt or 1-2 cars on payments? 500k if it is not in a roth you will pay taxes on that plus you pay tax on some of SS. After that he does not mention the overhead most folks have that doesn't go away, food, entertainment (not trips) insurances, utilities, clothes, gifts, health insurance, car and home maintenance, and on and on. I know we all live a different lifestyle and that has a different cost but dont' tell me I will be living on easy street on $ 500k Like one other comment said he used 5% on the 500k and that is really wrong and misleading. That tells it all.

[@uncareid5557]

My wife and I live quite comfortably on less than 4k/mo. SS gives us over 5K. Secret: no debt, low property taxes, eat out lunch instead of dinner. Walk daily and eat healthfully. Income taxes are minimal, they only count half your SS as income and our pension income is not needed so losing a few hundred to the IRS is not painful.

[@pgreenx]

Shame on you for using 5% withdrawal rate for someone retiring early. Probably should be 3 or less (if retiring early)

[@wayneseltzer1268]

The last video I watched, he even said 5% is too much. And let's talk about downside risk...

[@arisgod2749]

Susie Orman is that you? LOL. Several Dividend aristocrat stocks will comfortably give you more than 4% dividend yield without touching the principle. The biggest myth in America today is you need to diversify your portfolio into bonds and stocks etc. During the worse of the financial crisis these stocks may have gone down but continue to raise their dividend and did just fine.

[@tedmnicholas222]

So ,if someone is 45 years of age and have no mortgage and 400k saved and also utilizing the 4% withdrawal in this case ( $16000) it should not be a problem to run out of money?

[@FrankBatistaElJibaro]

A lot of suspicious stuff being said in this video. You were recommending 3%-4% retirement distribution in the beginning of the video, and when you did the calculator math you used 5% distribution rate. That means that you want your client to totally deplete their retirement fun as soon as possible. Pulling 5% per year would very quickly spend their retirement savings. The second thing I noticed is you don't mention the main expenditure of retirement expense; Health and medical coverage. It's the largest part of what decides whether a person can retire or not and you don't mention it. $12,000 in med coverage for each person is nothing to sneeze about and you don't work that into the calculation so ofcourse you will get more people to want to retire earlier and buy your book and services.

[@alisonnorcross951]

I want to do yoga all the time.

[@ashtreylil1]

how to retire early........have a high income.

[@ariefraiser140]

Not necessarily. 1. Don't carry debt. 2. Invest early. Investing $250 A month starting at age 21 will get you over $500,000 by age 54 assuming 7% return. If you wait till 63 it would be over a million. Assuming you start with a $30,000 salary that's only 10% of your salary each year.

[@janelleamaya2053]

$500,000. Is this for a single person? What about a married couple?

[@mysticaltyger2009]

I swear, do people even listen before they comment? He talked in terms of a married couple, although he didn't say it explicitly.

[@janelleamaya2053]

@@mysticaltyger2009 obviously I listened or I wouldn't have commented. Wes was not specific. You know what happens when you assume?

[@jperez1910]

Janelle Amaya it is for a couple, and takes into consideration dual social security benefits, etc...

[@peternorthrup6274]

We both retired at 55. Never hire a financial advisor. Stick with index funds. I will charge you 1 to 3% to tell you the same thing. Have fun.

[@alisonnorcross951]

Go travelling and have holiday.

[@jamesbon1]

I"m disabled, 53 and decided to sell my home. I will bank about 230k. My disability should run out in about a year when my chemo treatments are finalized. Trying to retire early and enjoy whatever cancer free life I may have left before certain relapse. Was thinking of investing all of it in VTSAX and VOO. Will eventually buy into a 55 and over community, prices are much better. Any suggestions?

[@WesMossMoneyMatters]

Hey James, thanks for reaching out! It sounds like you need more specific advice. My firm offers a free one-hour consultation if you'd like to talk through your retirement and investment plan. Just head to this contact form and request an appointment - www.wesmoss.com/contact/.

[@travisshooks8736]

Early retirees won’t be able to get social security yet so how can you factor that into your equation

[@mysticaltyger2009]

It'st not necessarily true that you won't get SS. If you have at least 10 years'r worth of earnings, you'll still get it. But in general, the short answer for the early retiree is that they should save more and/or at least have a small part time income. Many people who retire very early typically have hobbies or small businesses that they enjoy that generate at least a small income.

[@msmith405]

If your principles work, then why are you still working??

[@wisdominvestor]

Thanks for watching. I'm working towards critical mass myself. I'm sharing basic principles on this channel to help those that would like to have some guidance.

[@melm5017]

It seems like this advice doesn't really apply to people who are single and don't own a home.

[@stephenrasp4485]

Interest rate on mortgage is 2.5%. Total disagree with you. Gonna down size as well with a few years. Make it with caveats. Not 100%. Set sail!!

[@sred5856]

Sounds good. Had a good laugh at the Core Value numbers of 1.9 and 3.6. Is the unit in freaks? Or I will use a smile-rate monitor that I suture into my mouth.Or maybe the new Iphone will measure it for me. Kidding aside, I get it! Good call.

[@rationalthinker9181]

Don't rely on ss it won't exist in the future

[@edschneidmuller9496]

that would really suck but it wouldn't surprise me.

[@curtisstewart9594]

Define "The Future" One, three, five, twenty years. In some way it WILL be around for the next 40 years.

[@DanielAttila]

What social security??? That system is bankrupt now.

[@fling3887]

AS IF!

[@jacobkowski7705]

Can you please use some whiteboard or computer screens? It’s so outdated what is presented on paper.

[@StalkedByLosers]

So in other words, don't retire and have a business...doesn't sound like real retirement

[@Delta922]

Where in the hell I'm going to get $500,000 😠