I took our bring-home pay for the 3 years leading up to retirement and used that figure as what I wanted us to draw. We had 2 financial planners and fired one of them when it became apparent that they were more interested in investing than in helping us with our income stream. We kept our local planner and fired the folks at the mega company. I did use the 4% rule as a baseline. We are now in year 3, I'm 61, and my wife is 59, so SS is still in the future. We will analyze things over time and determine the best time for each of us to file SS. Both of our SS payments will be about the same We "do" things. We bought a farm and raise most of our own food. We have a boat and an RV. We fish a lot. We travel when we want. We are both healthy and make it a point to keep as healthy as possible. This retirement is a cool thing!
The number 1 fact about retirement planning is that you can technically never save enough for it. Take your health seriously now to reduce the financial burden of failing/ill health and ACTIVELY plan your retirement through investing. Goodluck to us all.
Not downhill but instead starting to enjoy the “golden years” It is a new phase in your life enjoy it when you get there, been retired for the 3 1/2 years and I consider everyday is a holiday😊 my daughter said everyday is a weekend. Good Luck!
This is a really simplified and nice information. Ive been looking for a way to invest and not worry about my investment and ensure a massive turn out. I really wanna enjoy my retirement.
__These are fantastic takes, I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Gregory Thomas Patchak. Passive income is mandatory for building long term wealth.
Request a free planning meeting: streamlineplanning.com/start-here
Another great video… thanks to you Dave and your team!
14 months and counting!
Semper Fi!🇺🇸
Retirement is wonderful if you have two essentials - much to live on and much to live for. Invest wisely and get good returns.
I took our bring-home pay for the 3 years leading up to retirement and used that figure as what I wanted us to draw.
We had 2 financial planners and fired one of them when it became apparent that they were more interested in investing than in helping us with our income stream. We kept our local planner and fired the folks at the mega company.
I did use the 4% rule as a baseline. We are now in year 3, I'm 61, and my wife is 59, so SS is still in the future. We will analyze things over time and determine the best time for each of us to file SS. Both of our SS payments will be about the same
We "do" things.
We bought a farm and raise most of our own food.
We have a boat and an RV. We fish a lot. We travel when we want.
We are both healthy and make it a point to keep as healthy as possible.
This retirement is a cool thing!
Great video Dave. Wonderful information. Thanks
Dave, a great video, thank you. Looking forward to the next video. I have 370 days before we retire!
The number 1 fact about retirement planning is that you can technically never save enough for it. Take your health seriously now to reduce the financial burden of failing/ill health and ACTIVELY plan your retirement through investing. Goodluck to us all.
What retirement planner is that?
Thank you - you always give me food for thought!
Hi! Thanks for all your videos! I would say implementing plans is essential.
very good video, as always
So after you retire, everything goes downhill? 🙄
Not downhill but instead starting to enjoy the “golden years” It is a new phase in your life enjoy it when you get there, been retired for the 3 1/2 years and I consider everyday is a holiday😊 my daughter said everyday is a weekend. Good Luck!
This is a really simplified and nice information.
Ive been looking for a way to invest and not worry about my investment and ensure a massive turn out. I really wanna enjoy my retirement.
2 million dollars in savings for retirement? I suppose that's achievable if you have an income over a hundred and fifty thousand dollars annually.
When you said 10K a month, I was doomed!
4% rule. Divide by 0.045 ??
Multiply by 0.04
No plan survives contact with the enemy...
__These are fantastic takes, I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Gregory Thomas Patchak. Passive income is mandatory for building long term wealth.
I keep on getting $78,000 every week from a new trading platforms which Elon recommends