What Retirement Income Puts You In The Top 1%

[@diane.moore-]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[@ThomasChai05]

Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

[@mariaguerrero08]

Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

[@mikegarvey17]

@@mariaguerrero08Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@mikegarvey17]

@@mariaguerrero08Could you possibly recommend a CFA you've consulted with?

[@mariaguerrero08]

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.

[@gpdoyon]

I’m not in the top 10%. However, being debt free (no mortgage, either) I feel rich after paying my monthly utility and food bills. I’ve got plenty of money to do (reasonably) whatever I want. The secret sauce to retirement is being debt free.

[@tatianastarcic]

I am impressed with your update with these strategies, I am looking for tax efficient way to rebalance my $800k portfolio without triggering capital gain tax. what asset location strategies should i use?

[@TinaJames222]

The best strategy depends on your financial situation, account types, tax bracket, and investment goals. Consult a financial advisor or tax professional to tailor these strategies for maximum tax efficiency.

[@nicolasbenson009]

People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $275k to around $750k.

[@Vincent-j8u]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@nicolasbenson009]

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

[@sharonwinson-m8g]

Thanks for this. could easily spot her website just after inputting her full name on my browser. She seems really proficient and flexible. she replied my inquiry and we scheduled for a call sometime tomorrow.

[@MaryBarbara7Z]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.

[@ElizabethMaria9]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash

[@CarolinaJoseph01]

The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.

[@CarolinaJoseph01]

NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@DonaldMark-ne7se]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@JacquelinePerrira]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@Jamessmith-12]

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

[@kevinmarten]

Mind if I ask you to recommend this particular coach you using their service?

[@kevinmarten]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@glasshalffull2930]

* SCAM ALERT *

[@FusunTumsavas-cq7tp]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[@RossiPopa]

for majority, the solution to their problem can be found in specialized knowledge, so you can as well seek guidance from a well experienced advisor

[@RusuSilva]

Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.

[@RichardMoore-jg5tl]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.

[@RusuSilva]

Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@RichardMoore-jg5tl]

Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.

[@Ash-qd7qw]

Azul, I've watched your videos since last summer. At that time my wife and I were on the fence about us retiring this summer. Your insights provided the tools for us to look at it both subjectively and objectively, depending on the topic. She retired a couple months ago at 64. Last month I turned 65 and retired at the end of July. Besides a few vacations along the way, today is the first Sunday I can remember that I don't have any worries about work tomorrow. It's amazing. I'm still on the learning curve on how to do this...but I'm looking forward to figuring it out along with my wife! Thank you for your insights and your channel...I'll keep watching, that's for sure.

[@AzulWells]

Hi Ash. Congratulations to you and your wife. Enjoy tomorrow morning, your first Monday where you don’t have to go into work. I’m excited for you. Have a great retirement! Azul

[@StressLessFinancial]

Congratulations to both of you on this exciting new chapter! It’s wonderful to hear how you’ve embraced retirement together. What are you most looking forward to exploring as you navigate this new phase with your wife?

[@strandkreuzer4309]

More and more people complain about and critique KZbin content as if they were actually paying for it. That must become tiresome. I’ve watched your videos for several years now. Your content has been overwhelmingly insightful and has provided to many an opportunity for peace of mind and the confidence to transition into retirement. You’ve certainly earned the right to a fulfilling retirement for yourself and your spouse. Thank you, and job well done.

[@michaelperry1210]

We ARE paying for the content. Advertisers pay for our views and our interests for the privilege of shearing our bank accounts.

[@CasaBeltrauc]

Planning ahead can really minimize taxes! I’ve been in the crypto/stock markets for half a year now, and it’s been a game changer. I was able to reinvest my RMD strategically, and I’m now pulling in about $25k a week, despite doing very little trading myself. It’s a nice cushion against financial stress. Best of luck with your RMD decisions!

[@kimberHoneyPot]

25k a week? Amazing! how did you get started?

[@CasaBeltrauc]

I signed up for a 1-on-1 trading session. It's like copy trading, but with personalized guidance.

[@CasaBeltrauc]

It's a secure and supportive way to improve your trading skills while earning, the best part is there's no upfront payment required

[@Zachyarry]

Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.

[@CasaBeltrauc]

You might want to consider consulting with Dave for guidance. He can help create strategies that are specifically designed to meet your long and short-term goals

[@chipott3705]

Two comments. Probably the biggest reason that less people are retired in the 60-65 range today than years ago, is the elimination of private pensions, replaced with 401Ks. Big difference between top 5% and top 1%. Like to see the in between people. Top 4,3,2 %.

[@hanwagu9967]

nah, the biggest reason less people are retired between 60-65 is due to consumption and lifestyle, which includes kids.

[@kristinab1078]

@@hanwagu9967 Not only did they have kids back in the day, that had more of them.

[@peterwilliams1074]

People need to live below their means and focus on saving and investing. If not, then I see no way to build up a muli-million dollar retirement fund. It takes a great deal of effort and focus and some good fortune. I have a net worth of 2.3 mil at 55 and plan to retire at 59 and half. Maybe earlier but I have a great job, take several vacations every year and enjoy life while still maxing out my 401k and a solo 401k that I setup for our LLC. The best thing ever was setting up the solo401k and investing myself. We have no debt other than our 15 yr mortgage with 2.25 percent interest rate and another property with a 1.875 percent interest rate. Both properties will be paid before we retire and both our cars were paid for in cash. My wife is retiring next year but has only worked about 8 years of our 30 year marriage. In our early years of marriage, the wife liked to excessively shop and spend as part of her happiness routine but many years ago I said this has got to stop or our marriage would be over. It killed me to work so hard, make good money but save very little or another words, have little to show for it. I created separate accounts, gave an allowance to my wife and focused on saving, investing, buying real estate and building for our retirement. I don't spend on myself, I focus on our future. It has worked out well but it is not without a lot of effort and strategy. Start early, be frugal and live below your means.

[@BusArch42]

56% of current retirees have pension income. My company did not stop pension program until 2007. I do feel fortunate that I have one at age 60

[@scottgulland8827]

After 40 years at HP, I had two pension plans. A traditional pension and a deferred profit sharing plan, which functioned as a pension. New employees, of course, get neither.

[@xlerb2286]

Well, I think we're safe from making it into the top 10%. But I'm not complaining. When we take it social security will be around 1/3 of our retirement income, and that's with a pretty good social security payment.

[@DLTJR1959]

We have a pension with social security and investments. With no debt we live very comfortably. We are certainly not in the top 10% but are well above the mean for our age.

[@pensacola321]

Retired, and our 2023 AGI was $270 K. Spent about $150 K, plus taxes.

[@jimv77]

And as Azul stated in a previous video, you now can afford to donate the extra $70,000 to your favorite Politicians!

[@triggertimetraining6963]

Don’t do it. They’re already stealing our money.

[@classicsciencefictionhorro1665]

That's about average in California.

[@bourbontraveler]

I’m not concerned about being in a certain % I’m lucky enough to have all I need for whatever I want.

[@Agatha.wayne0]

Many folks struggling to cover basic expenses often face this challenge because they didn't save enough during their working years. The choices made in preparing for retirement have significant impacts, as seen in my own family. Different investment strategies led to different outcomes. With guidance from a financial advisor, I'm now enjoying my retirement.

[@johntheaccountant5594]

You can live like a king on the social security benefit of $1,907 per month in Thailand.

[@victorblock3421]

Yes, but please tell us your monthly expense for lady boys.

[@edhcb9359]

@@victorblock3421You need a military pension for that added expense. 😂

[@victorblock3421]

@@edhcb9359 I should've been "in the navy". oh well.🙁

[@dstewusa7054]

@johntheaccountant5594 You can live comfortably but Not like a King. It’s a bad cliche.

[@mmaranta785]

Not really. I have a house in Chiang Mai and if you want to party all the time it might be $4000 a month. Golf is more expensive there than in the US as well.

[@SahlMeyers]

Interesting video but you should talk about portfolio management companies? This is a recognized phenomena and these are companies that help invest and manage generational wealth for the top 1%. Some also organize get togethers, and social events for the family. These types of trusts and corps would make an interesting video.

[@erikmooree]

Really, passive investment portfolio management is still the best option for the average joe.

[@erikmooree]

You don't get to sit around and analyse charts & balance sheets 8 hours a day cus a professional active manager does that for you. For the common man also, it is one of the best options.

[@RAKelBerquist]

I was a late bloomer, but Mary Callahan Erdoes my financial advisor helped me bring it all together and got me into crypto. Now retired for 6 years at 72, my managed portfolio with Mary generates about 9k a month on average more than my RMD on my retirement accounts. Not real big, but together with SS we're able to live reasonably with 160k a year. While being mortgage free.

[@StressLessFinancial]

Such a fascinating insight into the world of generational wealth management! What aspects of these trusts and corporations do you think are most crucial for maintaining long-term family legacy and harmony?

[@ivanvarykino8202]

SCAMMERS!

[@gregsdates]

Median is not average, Mean is average. You keep alternating between them when they are not the same thing.

[@irwinsaltzman979]

Thank you

[@TNBen60]

It is a constant source of aggravation for me. If someone wants to describe how skewed the data are, they will give you both values.

[@michaelseibold9977]

​​@@TNBen60Sorry but the median is the correct statistic for doing this kind of analysis because the very high numbers distort the average aka the arithmetic mean. In statistics these are all called "measures of central tendency ".

[@TNBen60]

@@michaelseibold9977 Which is exactly why I want to see both numbers.

[@BlackhawkPilot]

My wife and I feel like we are in those upper levels but don’t have a $200+K income. We ‘make’ 3X our living expenses and pay cash for everything. Bought land for cash, building for cash, and my current residence will pay for it all and then some when sold. My wife and I travel a lot, give about 12-15% of our income to church, charities, etc. and save $3-4K/mo. What would I do with a higher income? Just save it, and that only generates more income and buffer for our lives.

[@damonmusha6504]

If you’re not thinking about saving your money before the age of 30, you’re going to find it tough unless you did REALLY well financially. I urge parents to instill this mindset into their kids when they are still teenagers.

[@poonambhola7511]

It would be helpful to know what the top 20 and 25% numbers are as well. I suspect many of us are likely to fall n those categories.

[@NathanTill11]

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.

[@SeanTalkoff]

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.

[@DonaldStokes-p]

How can i reach this adviser?

[@DonaldStokes-p]

Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.

[@dreyerpictures9788]

Sorry, very difficult to follow the numbers. This kind of content needs some kind of visual/graph to illustrate the numbers.

[@TomGrubbe]

Agree.

[@kahvac]

Agreed ......Graphics are needed when dealing with numbers like this....

[@robharris5658]

It helped me to turn on the closed captions.

[@stevenziegler2523]

I agree

[@jamesh318]

Absolutely. Anyone speaking numbers loses me instantly.

[@slmunney7760]

Great video. I haven't seen anyone present these statistics on retirees before, which is very relevant and interesting. Very surprising to me that the top 10 percent of 65-69 year-old retirees have over $200k in passive income. I would have guessed much lower than that, and as someone in his late 40s. it is very humbling to realize I will never be able to achieve anything close to that in retirement in nominal terms let along real terms.

[@ivanvarykino8202]

I too am very suprised as a very recent retiree with a small pension and a good sized nest egg. Have never seen these numbers before.

[@BlackhawkPilot]

If you have more than you need and can do the extras you wanted to do in retirement then you are way above most retirees.

[@slmunney7760]

@@BlackhawkPilot Agreed. Probably doesn't matter what percentile you fit into. Still surprising though. Very interesting video.

[@toddcherylmcdaniel8374]

Azul I just found you and like the simple explanations you give. I’m planning on retiring in 2 years I’ll be 62. What is a good resource for health insurance?

[@JBoy340a]

Please use either median or average. Do not intermix.

[@kahvac]

Good point. Median is better for most average people.

[@kmilton1593]

I have a dismally low social security and pension plan income. Am still working full time at age 76 but with health problems; it is not fun, but am debt free.

[@hugoglenn9741]

Social security is a dismal concept in the first place. As Dave Ramsey points out, the average individual having saved the same amount with employers contributions would have well over $5 million if invested in the S&P 500. $5 million of your own money you can leave to heirs. Just the interest alone would put you in the top 5 percent. Painfully speaking, American love their Social Security.

[@kevind8752]

Including SS, a small annuity and investment income, my wife and I gross $140k/year in retirement. We haven’t withdrawn any investment principle.

[@vinyl1Earthlink]

It's not that difficult to get into the top 10% if you're 70-74. The top 5% is considerably tougher, but not impossible. I'd be curious to know what percentage of their income these people spend - I suspect many of them spend way less than their income, as if your retirement income is $200K, you could live very nicely spending $60K or $80K.

[@ariefraiser140]

The top 10% by definition means it's very hard to get into.

[@hanwagu9967]

well, if you have the means and are use to living on $200k/yr, then $60k-$80k is not living nicely. It may be living nicely for you.

[@hugoglenn9741]

@@ariefraiser140 actually it’s very easy, had the government let you put your FICA payments in the S&P500 we would all be in the top 10%, so it would have actually had to reflect to top 1%

[@ariefraiser140]

@@hugoglenn9741 That's a fallacy that's been repeated way too many times to count and shows a fundamental misunderstanding of behavior of people. The majority' of people would NOT save and invest 10% for 30 plus years. We can see this in the abysmal 401K and IRA savings. In fact The idea when 401ks first came about in the 1970s and mostly replaced pensions was people can better manage their own retirement (at least that's what businesses sold the public when in reality pensions were a great deal for workers but a major costly headache for employers.). So if what you're saying is true why are 401k balances so low? The fact is most people do not have the discipline to save and invest that 10% for 30+ years. Even people making $100,000 per year are living paycheck to paycheck. You would think since those making $100,000/year are significantly better off than those making the more common $40,000 to $75,000 range they would be able to save but that's not the case.

[@JL-po5on]

How many US households made $100,000 or more in 2023? In 2023, 37.43% of households or around 49,281,397 households made a six-figure income. How many US households made $250,000 or More in 2023? About 9,617,339 households or 7.30% of all US households made $250,000 or more in 2022. What was the top 10% household income percentile in 2023? The threshold to be in the top 10% of household incomes in 2023 in the United States was $216,056. What was the top 5% household income percentile in 2023? The threshold to be in the top 5% of household incomes in 2023 in the United States was $295,020.

[@M22Research]

Mixing “average” which is typically median and mean stats? For 65+, that the “average” (mean) spending is above the median income does not necessarily indicate folks are spending more than their income. It could be that higher income folks spend a higher% of their income, throwing off your stats comparison.

[@jaykraft9523]

income in retirement can be quite misleading. if you wanna cash out investment gains you can have $300K a year but if you don't need it you might be taking only $50K a year. In the former you're in the top 1% and latter way lower, but you have the same wealth and potential income. Unless you're counting unrealized gains but that's not really income per se

[@by2260]

What is your definition of income? Would non-taxable sources such as Roth IRA distribution be included?

[@Beadgcfb]

You actually are doing well if, by delaying SS, your benefit(s) then provide a majority of your essential needs and free up your savings.

[@geraldbennett7035]

wrong. If you die before you start collecting your monthly checks = $0. It takes the avg person that retires at age 62 until they are in their eights to come out ahead and thats assuming the monthly checks were not at least partially invested in stock and bonds.

[@hugoglenn9741]

@@geraldbennett7035 how you checked average life expectancy for 62 year olds likely. Also, you must be a lower wage earner, if you collect any wages and I mean 1099s you Social security will be significantly taken away at age 62

[@JoeGiz64]

Just hope you dont die first.

[@lucken13]

I am 61 n wife is 64! I was forced on SSDI, wife started her SSA at 62, I am retired military and have my VA Comp! We make well over 80000 a year! My minimal bills is 30000 a year!!!! Our retirement house is rural and not in a metro area and/or HOA!

[@BakoSooner]

These numbers are simply unbelievable. How do these people survive? A lesson for the kids; save!

[@poonekar]

I believe these are AGIs and the problem with these numbers is that the amount of deductions and paper losses in the top 10 percent is WAY more than in the bottom 90 percent.

[@hugoglenn9741]

Investment income is limited to 3,000 unless it’s real estate then around $25K passive. Have you noticed those greedy Pr$%ks in Congress haven’t increased the $3,000 in years but want 100% of the overall gains this years. Non are worthy of respect

[@IndigoStarrAz]

Thanks, I always enjoy your insightful content.

[@Peterl4290]

I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement

[@Mrshuster]

The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

[@larrypaul-cw9nk]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $$275k to $850K...

[@sabastinenoah]

pls how can I reach this expert, I need some investment guidance

[@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.

[@fredrickpm]

10% $200k 5% $260k 1% $1,000k

[@jackbauer9347]

1% is 1M, not 1,000K

[@remmond3769]

@@jackbauer9347it’s literally the same thing

[@akselowner]

@@jackbauer9347aren’t those the same thing?

[@hugoglenn9741]

@@jackbauer9347 but 1,000 (Ks or 1,000) is actually a million, like Mr T would say, Fool

[@jackbauer9347]

@@hugoglenn9741 my bad I read it too fast.

[@baronbattles4681]

How interesting you mention Social Security, for some reason after receiving Social Security for over ten years with no problems, my payments stopped in January. A form was sent to clear this up, then they told me another form was also necessary and so far I still haven’t received any response. Is this because of my political beliefs? All agencies have been weaponized, haven’t they, is this one them?

[@animalsarebeautifulpeople3094]

Wow wtf 😢😮

[@VANGOATREVEL]

Pre or post tax?

[@jamesgraham5470]

69yrs old retired at 64 took Ss at 66 use dividends and take interest in my myga to take care of monthly bills

[@john2951]

@Azul, As an example. I assume that when you say the top 5% earn 260K per year you are including taxes. Uncle Sam and Governor Newsom take quite a bit out at that income level. At least 30% for the feds and 10% for the state. So that 260K turns into 156K. This does not happen with the median income individuals. Please include average take home numbers when you are touting statistics. Statistics can be very deceptive.

[@geraldbennett7035]

keep a mortgage you can comfortably afford. Invest the rest in stock index funds (60%) and bonds (40%). You will find that your appreciation in stocks/bonds will more than pay for your mortgage.

[@termita358]

Are the top 10 and 1% numbers per household or individual? Do they include working people or only retirees? Thanks. what is the source?

[@hugoglenn9741]

Great question but I think only the IRS knows and the Government politicians only say the top 1% don’t pay their fair share into taxes

[@juliehe3212]

Bought annuity, with SS, that gives us 170k a year. That leaves us another 5 million to invest.

[@lindaweekes8161]

Azul, what is the risk, and what will be the impact when the US government is not able to make the Social Security payments that it has committed to? I see a dat of 2030 put forward. as the time that the US will default on the SS commitment. This risk needs to be recognized and incorporated in retirement planning for US citizens.

[@robgerety]

When you refer to "income" are you referring to gross or to after tax?

[@CormacNJ]

Our household social security makes up 26.4% of our household monthly cashflow.

[@JBoy340a]

That great. It was designed to be up to 40% of income. You are doing very well with the other income sources.

[@glasshalffull2930]

Mine is just below 20% and my wife is two years from retirement.

[@Ethernet480]

I’m not doubting the stats but I wonder how everything was sourced and framed. These numbers meet or exceed the curve for actual income before retirement. That would suggest that on average, people are replacing their pre retirement income or better…which I have a hard time believing considering all the stats about how people are failing to save. 🤷‍♂️

[@user-gl9iz1bp1r]

Managing overhead is more vital than income. Manage debt and housing costs.

[@ly776]

Do those figures also include health benefits that may be paid in part or whole by your former employer (usually as a backup for Medicare)?

[@lichin11]

If a couple can retire in their mid-50s and have (combined) over $110k/year US in yearly pension payments AND have their medical costs covered for free until Medicare kicks in at age 65, should that couple consider themselves relatively safe in retiring in their mid-50s? I'm leaving retirement savings out of this question. Thank you for any advice on this.

[@jayanddeesretirementjourne617]

Doing Great! Probably depends on a few factors. Are you debt free, monthly expenses and other income. I am in the same situation. Combined we have pensions of $70k and dividend income of 30k. We have a fee only adviser. Should consider hiring one to ease your fears. Good Luck!

[@hugoglenn9741]

Who says Medicare is Free? My mother pays $600/month in Part B alone

[@lichin11]

@@hugoglenn9741 Read carefully. I didn't say Medicare is free. I stated that medical costs are covered for free UNTIL Medicare kicks in at age 65. Cheers.

[@lichin11]

@@jayanddeesretirementjourne617 We're also debt free and will stay that way. We've tried a few financial advisors and have decided that we'd rather make our own decisions since it's worked well that way so far. Early retirement with good health and guaranteed income to enjoy it is fantastic, isn't it?

[@hugoglenn9741]

@@lichin11 get ready for,your medical costs to go up when you turn 65 because at your retirement salary you will likely be paying double or triple the rate of Medicare part B plus additional supplement costs and drug cost. You can thank mismanagement on part of the Federal government

[@mv4075]

Please specify GROSS or NET income.

[@yvonneachieng6742]

Also whether household or individual - in all instances

[@allent1034]

Agreed but I'm pretty sure he is talking Total Income which is basically what the Fed 1040 calls your Gross Income. There are so many different ways Gross could be adjusted to get some kind of "Net" value it wouldn't make sense to use Net Income to compare people's incomes.

[@glasshalffull2930]

@@yvonneachieng6742 It’s household. As an example, does your spouse share the house and bills.

[@techfan101]

Azul, in recent videos it feels like you are repeating topics and presenting the same information again and again. In recent videos, you’ve stopped, presenting charts and specifics. Since you have covered a lot of static topics, like how to save, how to distribute, and what percentile someone savings might be in, I suggest you cover dynamic topics: how to respond to dips in the market, how to assess how to allocate your investments, whether fixed rate investments, such as annuities and bonds, makes sense or not, potential tax rate changes, and how that might affect your retirement planning and Roth conversion plans, etc.

[@stevennevins6643]

Exactly why I unsubscribed.

[@SahlMeyers]

With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of

[@AlbertiniCaputi]

As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economists have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.

[@allent1034]

Yikes! According to that, I'm in the top 10% (at least so far for my first year of retirement). It certainly doesn't feel like it though.

[@okgreat2573]

are the top 1% and 10% household or individual?

[@kahvac]

Excellent point. Big difference and is confusing when not stated.

[@dontfighttheriptide4091]

It’s certainly household

[@IndigoStarrAz]

Household

[@mv4075]

But Net is after tax and can be calculated and is a realistic value.

[@michaelbroadwell1264]

Are Roth conversions included in these income statistics?

[@jeannewright3027]

Is harder..why I am nt drawing SSA until 69 1/2 and working a good part time position next 4 years. But I am so against a reform to increase FRA age!

[@ariefraiser140]

An increase of the social security full retirement age is just a fancy way of saying benefit cuts. If before I was able to get 100% of my benefits at 67 but after "reform" I only get 92% at 67 that's a benefit cut even if the politicians want to say no no you just have to wait until 68 to get 100%. That's that political slight of hand people hate.

[@2thmvrmpf]

Wish the our elected officials would quit giving other countries billions and trillions of dollars and save it for us Americans and our future benefits!

[@ariefraiser140]

@@2thmvrmpf That has nothing to do with social security funding. I wish people like you would learn where buckets of money came from to fund different areas of the government. Statements such as yours are unproductive to the discussion.

[@ElMeanYo22]

What makes you so sure social security will still exist in 10-15 years? Don't count on it if you are younger than 50.

[@ambien09]

So are you saying that the top 5% has approx 270k a year ? Does this mean that they made 6 million total for retirement ??

[@hanwagu9967]

it could but not necessarily. As he explained it includes all sources of retirment income, not just 4% withdrawal.

[@dantheman6607]

No its including pensions, SS, investments etc.

[@geraldbennett7035]

Yes. I have done that

[@hugoglenn9741]

@@hanwagu9967 who says you can only draw 4%. Depending on age an annuity can draw at a much higher rate. $6 million not needed

[@jrm2383]

I’m hoping to bridge the gap to my ss with my 401k and hopefully wait till 70 to take it

[@gunkeshirajoria2111]

Median or Mean?. Big difference

[@user-fs8tl7ni1w]

Hypocrisy concern: You tell people to retire who are younger than you. They might love their jobs…you still tell them to retire, right? So what gives? Why don’t you enjoy life, and not full-time work, and simply retire?

[@AzulWells]

It is a fair point. Keep watching for a big announcement sometime in the near future. Hint hint 😉 Azul

[@TheMurrblake]

You announcing your retirement generates 10 videos?

[@hanwagu9967]

@@TheMurrblake he's been hinting at the big announcement for several months now, so there's been more than 10 videos🤣

[@TheMurrblake]

@@hanwagu9967 after today maybe he reconsiders.

[@AaronBalto]

Net worth of the 1% is

[@DavRice45]

Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

[@Patlove21]

I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA

[@McRoland16]

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

[@DavRice45]

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

[@Patlove21]

"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@DavRice45]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@danasampson818]

Gross or Net annual income?

[@melvano4014]

I retired at 44. SS drops every year I’m sure.

[@gloverlife-w4b]

Thank you so much for this video but in these uncertain times it is more important than ever to have a solid understanding of how the government are still in charge of our wealth and manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@joepeterson-s6t]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@альбинапронина-н5й]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@dorathykalms]

That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional

[@альбинапронина-н5й]

Her name is “Selena-Nicole cefaloni’ can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@Dasilver-h3t]

I have googled her and she has impressive credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@LarsBergstrom-uh2eu]

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 at least, so how best do I maximize my savings of over $500k

[@AstaKristjan]

Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an Adviser to help in diversifying your portfolio to spread out the risk.

[@jrm2383]

500k saved and you’re late at investing? Ok

[@glasshalffull2930]

@@jrm2383 These are ‘scam posts’ that eventually recommend an alleged financial advisor, but in this case they were probably flagged and removed.

[@scottgulland8827]

I think your fine, just continue trying to max you 401K contributions. A Roth if its available.

[@tonycar9739]

Tough to watch with the movement. Some visuals would help too! Thanks for your contribution

[@jewelrywang]

1M after retirement... that'd be 20M net worth...

[@timalan7406]

If I waited till age 65 I would have had a $225k a year income, not including my wife- I retired at 57😄!!!

[@scottgulland8827]

Excellent, I waited until 63 to retire and had little income until 2023 when I took SS and my 2 pensions.

[@BO-fp6ul]

Like your vids. But too many numbers on this one with no context. Buy the first 3:30 mins it becomes too confusing. Need a visual for this one.

[@repriser9876]

Income is not networth. You can be rich and don't spend or spend not rich.

[@jeremykeller211]

The income of the top 1 percent? Middle class thinking, Azul. Those at the top do not have income. They don't need it.

[@darrenoliverio7259]

You should have put these numbers on a chart or charts…. Hard to follow

[@diytwoincollege7079]

Why do so many Seniors vote for the guys who want to get rid of Social Security?

[@nathanwilliams5290]

The $ you put in SS earns - 0.5% a year. If you put that $ in a private plan it could easily earn 7% and would make you dramatically more comfortable in retirement . This is evidenced by those countries that have gone the privatization route.The important thing is that it be mandatory . Otherwise , many people wouldn’t do it . The government wants to maintain control over SS because they routinely raid the funds for their own pet projects. My question is why wouldn’t you want to change it. No one wants to just eliminate it . They want to replace it with something better. Unfortunately , most people don’t understand this point and so we’re doomed to $1500/ mth instead of $5000.

[@edsmale]

@@nathanwilliams5290you mean like how they want to replace Obamacare with something better? Which turns out, is always nothing

[@jasonbroom7147]

I don't care what the "average" retirees make, and I care even less about what the top 1% bring in. The tragic reality of wealth disparity is just how wide the gap has become, and the fact that it's continuing to grow quite rapidly. When the median income for retirees is around $48K, and the average is closer to $75K, it tells you that a relatively small percentage of people have much larger incomes. I understand that those are your target audience, but can you at least acknowledge how far apart the haves and have-nots are becoming?

[@chuck_in_socal]

Nobody ever factors geography into these numbers. $200k a year in San Francisco is a whole lot different than $200k a year in Tulsa.

[@jimv77]

I felt bad thinking only $170,000 a year until I realized I am in Oklahoma!

[@hanwagu9967]

the point of the video wasn't cost of living, but what retirement income puts you in a % category. You are correct, that the same retirement income in a high cost local is not the same as a low cost local.

[@hugoglenn9741]

@@hanwagu9967 could alway move to a low cost area. That’s why I alway look down at beggars living in NYC and San Fran

[@tomj528]

Why on earth would you want that much income, it just means you're paying a lot in taxes.

[@geraldbennett7035]

not if you have deductions and not if the income is tax free (Roth IRA). Rental income has lots of advantages tax wise and if you can ref-finance mortgages and take out the equity it tax free too.

[@tomj528]

@@geraldbennett7035 With that income level you're paying for long term capital gains/qualified dividends, you can't really deduct enough at that income level, especially in retirement and will still be at a higher tax rate. Rental income does have tax advantages and pulling equity isn't income, it's debt so not taxed anyway. Most folks with that kind of income weren't able to build a large Roth balance unless they paid dearly for it via Roth conversions. In fact, this much income actually gets in the way of doing so. I prefer keeping myself well in the 12% tax bracket so I can continue with my 20+year plan of tax free Roth conversions, enjoy a LTCG/QD rate of 0% and leaving my taxable investments to grow exponentially. With the upcoming tax changes of the Secure Act 2.0 I can no longer convert all of our tax deferred accounts to our Roth IRAs tax free but I can use what will be left to provide income for the first 11.4 years of our retirement while still remaining completely tax free. Since we won't really need the money I'm anticipating taking the distributions as even more Roth conversions. Sure, I could vastly increase my income with larger Roth conversions or tax deferred distributions to spend but why when I don't need the money, I don't want to pay the taxes and I'd rather leave my assets to grow rather than spend on what exactly?

[@tomj528]

@@geraldbennett7035 At that income level you're paying for long term capital gains/qualified dividends and you can't really deduct enough, especially in retirement. yes, rental income has tax advantages and pulling equity isn't income, it's debt so not taxed but not all of us want to be landlords, especially given your average tenant these days. Most folks at that income haven't been able to build large Roth IRA accounts unless they've paid dearly for their Roth conversions. I prefer to keep myself well withing the 12% tax bracket so I can continue with my 20+ year tax plan of tax free Roth conversions, enjoy a 0% LTCG/QD rate and will always pay the lowest medicare premiums. With the upcoming changes of the Secure Act 2.0 I can no longer convert all of our tax deferred accounts to our Roth IRAs but instead I can use the remaining balances to provide income for the first 11.4 years of retirement while still remaining tax free. Since we won't even need the money I'm anticipating taking the distributions as further Roth conversions. Sure, I could vastly increase our income but why when I don't need the money, I don't want to pay the taxes and what on earth would I spend it on? Cheers!

[@tomj528]

@@geraldbennett7035 At that income level you're paying for long term capital gains/qualified dividends and you can't really deduct enough, especially in retirement. yes, rental income has tax advantages and pulling equity isn't income, it's debt so not taxed but not all of us want to be landlords, especially given your average tenant these days. Most folks at that income haven't been able to build large Roth IRA accounts unless they've paid dearly for their Roth conversions. I prefer to keep myself well withing the 12% tax bracket so I can continue with my 20+ year tax plan of tax free Roth conversions, enjoy a 0% LTCG/QD rate and will always pay the lowest medicare premiums. With the upcoming changes of the Secure Act 2.0 I can no longer convert all of our tax deferred accounts to our Roth IRAs but instead I can use the remaining balances to provide income for the first 11.4 years of retirement while still remaining tax free. Since we won't even need the money I'm anticipating taking the distributions as further Roth conversions. Sure, I could vastly increase our income but why when I don't need the money, I don't want to pay the taxes and what on earth would I spend it on? Cheers!

[@tomj528]

@@geraldbennett7035 At that income level you're paying for long term capital gains/qualified dividends and you can't really deduct enough, especially in retirement. yes, rental income has tax advantages and pulling equity isn't income, it's debt so not taxed but not all of us want to be landlords, especially given your average tenant these days. Most folks at that income haven't been able to build large Roth IRA accounts unless they've paid dearly for their Roth conversions. I prefer to keep myself well withing the 12% tax bracket so I can continue with my 20+ year tax plan of tax free Roth conversions, enjoy a 0% LTCG/QD rate and will always pay the lowest medicare premiums. With the upcoming tax law changes I can no longer convert all of our tax deferred accounts to our Roth IRAs but instead I can use the remaining balances to provide income for the first 11.4 years of retirement while still remaining tax free. Since we won't even need the money I'm anticipating taking the distributions as further Roth conversions. Sure, I could vastly increase our income but why when I don't need the money, I don't want to pay the taxes and what on earth would I spend it on? Cheers!

[@hanwagu9967]

I'm not sure the benefit you gain from the comparison.

[@DrRock2009]

US social security runs out of money in 2033…🤔

[@jamesclark4746]

Social security does not run out of money, it’s funded by current workers. However, there will be a shortfall of about 20 percent that could be fixed by very slightly raising taxes.

[@Fiwithoptions]

Title and content is not related..Waited till 5 mts to hear 1% income.

[@PH-md8xp]

Videos about comparisons are mostly click bait. Talk about something real Azul.

[@pauldahlinger389]

Azul… generally a good video, with one HUGE set of likely errors. As someone else pointed out, you keep mixing “mean” (which is the average) with “median” (which is the 50th percentile). These are NOT equivalent terms, and could be very different values. Did you accidentally interchange these terms? If not , please stick with one format in this video, either report the “mean” data throughout this video, or report “median” data throughout this video. Even if you correctly cited mean and median data, constantly mixing the two types of data is confusing and makes it hard to draw accurate conclusions.

[@aegisonms]

Discussing avg is useless, talk in medians. If you include one Bill Gates, your avg is screwed.

[@lloydreid3936]

It's inspirational at 73 to be a 5%er, but depressing to think what hardship 95% of retirees could experience with a Dem/Prog administration in Nov '24 with increased taxes, and regulations.........driving up costs from unconscionable levels over the last 4 years. Vote intelligently!

[@heidikamrath1951]

If I only cared about MY money, I might vote Republican-but NEVER the candidate the Republicans have chosen to represent them. Sad, sad, sad.

[@hugoglenn9741]

Intelligence only applies to 10% of the population, everyone else might accidentally happenstance into it

[@scottgulland8827]

Do you not realize that trump increase the cost on Americans by 220B with his china tariffs. Trump on an economic front has been incompetent.

[@-vv3rv]

How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

[@evelyndiaz8434]

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager

[@evelyndiaz8434]

Gregor Masini Andrade

[@Markus-d9z]

This is correct, Gregor strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

[@OwenMaureen]

It doesn't matter if you are a current hodler or a newbie. You can capitalize on the fluctuation of Bitcoin by trading with good strategy/signals

[@-vv3rv]

Please educate me. I've come across this name before. Now I am interested. How can I reach her?

[@dso1986]

Wtf the top 10% get $170k a year in income a year??????

[@scottgulland8827]

Yes, I earn 14.5K a month before taxes. Just pension, SS, and investment income.

[@MidlifeCrisisManagement]

*welp* I won't be in the top 1%, Azul. 😂 or the top 10%. perfectly fine with that.

[@fredwinslow744]

watch how you talk abont yourself calling yourself asshxle is just not nice sometimes I’m pretty sure you are not saying Azul stop being to mean to yourself we like you as Azul ✌🏽

[@jhammons2310]

Why is your comment section 99% bots

[@_jamesbradley__]

I can't understand poor people's attitude. They hate the rich. I know a ton of people that have over 5 million in the bank at 60. I know a buddy that has 22 million and another woman that has 30 million. I make over 400K and me and my friends never stop working. We don't hate it like poor people hate their job.

[@hugoglenn9741]

If you are in the airlines they will stop you at 65

[@Vanzee-fb2xb]

Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan jane Christy♥️

[@jivefive99]

Stop moving!

[@kristinab1078]

It's free information. You didn't have to do a thing to receive it. Perhaps request nicely.

[@jivefive99]

@@kristinab1078 Its a guy thing. You wouldnt understand.