You have less than a 1% probability of having a retirement plan without errors based on my sampling.

[@joekuhnlovesretirement]

------------------------------------------------------------- *_PLEASE STOP USING Spreadsheets!_** It falls way short optimizing every retirement factor* Retirement Tool Link I reference and use and recommend -- New Retirement. Free 2 week trial. $120/yr after. You will buy this after trying (I have purchased for 3 years). www.newretirement.com/?nr_product=NRC&nr_a=35&nr_medium=affiliate& -------------------------------------------------------------------- *Need a CFP to create your retirement plan for a one time fee?* My Recommendation: Neil Fortwendel [phone]. Neil created my plan. Plan updates as you wish for a smaller fee. Check Neil out on Facebook and LinkedIn. ---------------------------------------------------------------------- *DO NOT GO IT ALONE!!!!!!!* *Money Pickle - FREE! use link to set up a FREE 45 minute dialog with a Financial Advisor* No obligation. Get answers to your questions. Get an expert to look at your plan. moneypickle.com/joekuhn --------------------------------------------------------------------- *Plant Manager, Maintenance Manager and Career Consulting -- 1 hour virtual via Teams/Cell Phone* sowl.co/s/bQifp ------------------------------------------------------------------------- Most Popular VIDEOS *Health Insurance before Medicare* kzbin.info/www/bejne/gYHWZYWOhLSGbJY *You Cannot retire with these 4* kzbin.info/www/bejne/aqLPdJWcnt-il6s *2 shocking surprises in retirement * kzbin.info/www/bejne/pnSng2Vvfd-npLM *15 things you must let go to retire * kzbin.info/www/bejne/fpiTn6l6mrJkjpY *My retirement budget* kzbin.info/www/bejne/d2azdKeVaZiFq9E * 5 early retirement regrets* kzbin.info/www/bejne/b6Kmk6l5e5eGrc0 *this convinced me to retire* kzbin.info/www/bejne/mYaZonqVrahoebc *Timing of Social Security* kzbin.info/www/bejne/i36rZYiDaKtmd8k *How I fill my buckets* kzbin.info/www/bejne/rHyweJ2YZrKsrJI *How I document my retirement plan* kzbin.info/www/bejne/l4rQmouKor90o9U *What I have learned from 300 retirement coaching clients: * kzbin.info/www/bejne/e6K9pqeuh8iei9ksi=dqz8JoLrcpfgjj9t --------------------------------------------------------------------------- RECOMMENDED FINANCIAL ADVISOR - Assets under Management or one time plan creation Neil Fortwendel with Northwestern Mutual ph: 812 471 2492 Video by Lean Driven Reliability LLC This is not investment advice. For entertainment ONLY. Seek professional help to understand your unique situation. #retirement #retirementplanning #retireearly #retireearlyandtravel #financialfreedom #financialindependence #retirementincome #retirementstrategy #findingpurpose #keto #ketodiet #ketovore #hiit #hiitworkout #healthylifestyle #howmuchcanIspend

[@chrisroche2969]

Joe, Thank you for this video. I have been following you for years and I really like your channel. You have provided me a ton of guidance and valuable information. I am sure everyone appreciates your unselfish efforts to make these videos.

[@LouisS-cs7bh]

Joe, I enjoy your videos and the information you provide. I really got interested when I was 50 (now 65) years old regarding planning for retirement. Most individuals have a majority of their retirement savings in pre-tax accounts and tax planning is vital for long term prosperity, not to mention any legacy planning. One topic that my wife and I discussed is being able to file for a senior freeze on property taxes, depending on the State that you reside in. In our situation the county requires that your AGI is 100k or less. We are in the process of Roth conversions through 2025 and then keep our AGI less than 100k in 2026,so we can qualify for the senior freeze. Will then resume our conversions in 2027. With all of the videos I watch and what I have read over the years, I don’t hear property taxes mentioned as part of “tax planning.” This is critical in my opinion especially when real estate values have increased substantially in recent years. Keep up the good work!!

[@joekuhnlovesretirement]

Good point, but no issue in Indiana. I tell my story only.

[@IwasRetired]

Great title concept! Thanks for sharing your review of the 300 Spartans!

[@andepau2]

3 new video ideas: 1. Talk about your stretching routine before and after workouts, 2. You’ve said that you struggled with back pain, is that now a solved problem o/what solutions worked for you? 3. Now that you have a grandchild is there any discussion with your wife to move closer to them (the happiest retirees live near the majority of their children/grandchildren )

[@joekuhnlovesretirement]

Good topics

[@conureron3792]

I’d also like to see your stretching routine, Joe.

[@conureron3792]

Looks like a fun game. Let’s make it into a real board game!

[@DionTalkFinancialFreedom]

Don’t go it alone is brilliant. No matter the asset type. Find people who have done what you want to do and have them check your: strategy, math, timeline and expectations.

[@LouisMorganxb3]

This year is going to be worse than the last, no doubt about it. Due to poor investment decisions that I would not have made if I hadn't been so concerned about my portfolio, I lost a significant amount of money last year. I'm curious how senior citizens manage to function in such an unstable setting.

[@palebiss1646]

The economy of this country is built on the average American, so if their money disappears, unemployment will move north and it will just say, "You have an unexpected month." That money will run out quickly if you have a lot of student loans that are about to become due.

[@agentjacob4099]

During a market slump, you might sell your brokerage account while simultaneously buying back stocks or bonds in your retirement account. Bonds or money market funds in brokerage accounts do not necessarily result in higher taxes. the one am using leah foster alderman consistently devises a cunning plan that works for me.

[@LouisMorganxb3]

maybe i should feel reassured with my plan and my savings after doing that. Regarding Citibank wealth management financial services, what are your thoughts? How do I pick a financial counselor?

[@FreemanJameZ]

My 63-year-old spouse and I downsized seven years ago, and we paid off the mortgage two years ago. We are glad to be debt-free!

[@agentjacob4099]

The one I use is always dependable and expectant; I don't really depend on things because they are just interested in topics that will profit them.

[@joethecomputerguy1]

Glad I am in the 1% this time.

[@glennet9613]

I don’t go it alone I go with my wife and it has been working great for twenty years and counting.

[@William-k8l]

Inflation is never going to stop increasing or even keep goods and services at the current prices and proof is below with historical averages of the cost of living increases that beneficiaries receive in the past 48 years. The cost of living increase for Social Security Benefits between 1975 to 2023 is 3.8%. Of course, that'sj just the average. There were some yearsi with 0% increases (most recently, 2015) and some with double-digit increases (1980 andi 1981). There has been no increase of 6% or more since 1983 -- except for 2022, which featured an 8.7% hike. That means that inflation rate increase total of 182.4% over the past 48 years! Which in 1975 the average benfit was $257 and if that individual lived in 2023 their benefit would be $1540 a month. In saying that not being proactive and not planning personal finances for future inflation of goods and by budgeting, eliminating debts, and saving for the future unexpected expenses will lead to financial hardships.

[@Jfhelwig]

There are uncontrollable variables in life. Even a perfect financial plan will be off. So do you really need a perfect plan. How about decent and flexible?

[@joekuhnlovesretirement]

Exactly.

[@clbcl5]

Can you have errors without a plan? I got no plan. just winging it our 1st full year being our situation changed so much with an inheritance.

[@corydoyal8709]

Those are some scary stats showing how big our blind spots are. Do you mind saying how much you used to charge for coaching?

[@joekuhnlovesretirement]

Funny. I began at $150/hr and raised to 200.250, then $300 to slow down the tsunami of interest. I finally just stopped because it was overwhelming. Huge potential it your interested.

[@corydoyal8709]

@@joekuhnlovesretirement I am interested, just some funds to support an earlier retirement. I’m thinking there probably needs to be a YT channel behind it to drive interest, so that’ll take a while to get going. Your work and messages here are really inspiring.

[@joekuhnlovesretirement]

@@corydoyal8709 True, you need a marketing plan and to establish trust; but the market is there.

[@MarkVeksler-e5e]

any suggestions for a working introvert on finding the couple of DIY/educated to start talking to re retirement planning?

[@joekuhnlovesretirement]

Start with studious friends you have known and trusted for 10 years. Then ask.

[@kellybridges4795]

Joe, what occupies most of your time in retirement?

[@joekuhnlovesretirement]

Good video topic.

[@stevecarroll5011]

Joe, my 2nd biggest concern behind sequence concerns risk is RMD’s. 70% of my portfolio is 401k/non Roth IRA. I am planning to retire at 58, but as a single widower it does not appear that a Roth conversion is going to really save me much money at all based on the New Retirement modeling. Is there any alternate tax strategy to consider?

[@joekuhnlovesretirement]

I’m not professional but NR should model everything for you.

[@davidperry2725]

Which strategies did you try (highest estate, bracket limit, etc)? Current tax rates or revert to 2017? Which bracket will you be in at 73 with current projection? Seems odd that you wouldn't benefit at all from conversions.

[@stevecarroll5011]

@@davidperry2725 thanks for follow up question. Yes. I did highest estate value and it indicated a $65 estate value gain. I also did several tax bracket max scenarios with max at 28%..this actually yielded less in final estate value. I believe the root cause is the fact that I am being taxed at a single person rate vs married.. hence the name widows tax, but I don’t see any great alternatives.

[@JAT922]

@@davidperry2725I have the same issue as a single. Ran multiple Roth conversion scenarios in NR using the different options available and they were always close to break even with even sometimes being a loss. I guess this is another thing where being single isn’t an advantage

[@davidperry2725]

@@stevecarroll5011 Of course I believe you, but I’m trying to understand the reasons. Your single brackets are narrower than married, so I would think Roth conversions would work better for moving from one bracket to another. What did you enter for life expectancy? Maybe very few years of RMD? My largest RMD year (assuming no conversions) is at age 95.