Finally! A sane, reasonable, on point, retirement analysis. Too many of these guys get off on a tangent and struggle to stay focused. It’s all about retiring early and how to work the system. That’s not for everyone.
Good job on this video Curtis. You didn't complicate the portfolio and you made your point. My plan for when to start drawing SS is to make it to full retirement age, then take it a year at a time after that. Hopefully, and God willing, I bridge it out to age 70.
Good Lord!!! They have $60,000 in SS so only need an additional $30,000. For only 25 years! Plus $180,000 in pre SS income. That is only a 2% withdrawal rate. I personally wouldn't buy an annuity but for about $925,000 you can buy an annuity that would pay $60,000/year for both lifetimes. $30,000 inflated at 2.5 for 25 years would never get to $60,000. If this was my CFP, I would be looking for a new guy.
I personally think buying a annuity is the way to go. I bought one at 62 years old single life time and getting $1407.00 a month for life the money it cost was $275,000. The day 65 I can get $2,250.00 a month for a $350,000 investment.
very nice analysis, but I'm afraid I have to disagree with the 90% probability. The way I have set up things is to very dynamic in my spending and make sure we always have zero debt from the minute I retired (retired at 58). The last thing I would want is to have millions left when I die. Also for those of you reading this, long-term care in the USA is a joke, actually better said is a robbery. Travel in your earlier years to places, make friends and connections. In places like Panama, Mexico, Thailand, Philippines you can live alike a king with much less. Heck in all these places if you take in a family and tell them as long as I am alive you will have my SS, they will take care of you like their own grandparents.
Making a video for about two people out of every 100 in or approaching retirement , with no mention of what do these people want to do in their retirement , their go go years are cut in half with them retiring at 65 or later. I notice that I have se3n no financial planners that are willing to change the percentage of what people need to get from their investments in order to meet their retirement needs , the basic 4% rule for withdrawal and or investment earnings is B.S
What percentage of people have 1.5 million dollars ??? That is the percentage of people you helped with this video ... probably missed A lot of folks ...
You’re missing the point. The numbers are arbitrary. How much money do you need a month in retirement? How much money does SS provide? What other sources of income do you have? Such as cash, IRA, brokerage accounts, rentals, etc. The concept is the same regardless if you have a million dollars or not.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Finally! A sane, reasonable, on point, retirement analysis. Too many of these guys get off on a tangent and struggle to stay focused. It’s all about retiring early and how to work the system. That’s not for everyone.
Good job on this video Curtis. You didn't complicate the portfolio and you made your point. My plan for when to start drawing SS is to make it to full retirement age, then take it a year at a time after that. Hopefully, and God willing, I bridge it out to age 70.
You can take it a month at a time
Good Lord!!! They have $60,000 in SS so only need an additional $30,000. For only 25 years! Plus $180,000 in pre SS income. That is only a 2% withdrawal rate. I personally wouldn't buy an annuity but for about $925,000 you can buy an annuity that would pay $60,000/year for both lifetimes. $30,000 inflated at 2.5 for 25 years would never get to $60,000. If this was my CFP, I would be looking for a new guy.
I personally think buying a annuity is the way to go. I bought one at 62 years old single life time and getting $1407.00 a month for life the money it cost was $275,000. The day 65 I can get $2,250.00 a month for a $350,000 investment.
very nice analysis, but I'm afraid I have to disagree with the 90% probability. The way I have set up things is to very dynamic in my spending and make sure we always have zero debt from the minute I retired (retired at 58). The last thing I would want is to have millions left when I die. Also for those of you reading this, long-term care in the USA is a joke, actually better said is a robbery. Travel in your earlier years to places, make friends and connections. In places like Panama, Mexico, Thailand, Philippines you can live alike a king with much less. Heck in all these places if you take in a family and tell them as long as I am alive you will have my SS, they will take care of you like their own grandparents.
HiCurtis , did you take RMD into consideration ?
Making a video for about two people out of every 100 in or approaching retirement , with no mention of what do these people want to do in their retirement , their go go years are cut in half with them retiring at 65 or later. I notice that I have se3n no financial planners that are willing to change the percentage of what people need to get from their investments in order to meet their retirement needs , the basic 4% rule for withdrawal and or investment earnings is B.S
What percentage of people have 1.5 million dollars ???
That is the percentage of people you helped with this video ... probably missed
A lot of folks ...
You’re missing the point. The numbers are arbitrary. How much money do you need a month in retirement? How much money does SS provide? What other sources of income do you have? Such as cash, IRA, brokerage accounts, rentals, etc. The concept is the same regardless if you have a million dollars or not.
Do one for single folks
A lot of cash!