In one of your videos that you made, you said that you had a concrete slab to do, if you lived a bit closer,I'd slip over there, with my little truck load of gear and give you a hand to pour it. Yep, I'd bring my trusty concrete mixer, and barrow, and we'd have it done in no time flat. i'd wager that there's untolds of folks that would love to give you a hand, and sit around afterwards and mayhaps, learn a few things from you. Things like how to survive in retirement. I retired last December, and I'm gradually,(very slowly) renovating my little home.
Just made my last payment to Obamacare. Medicare starts soon. Finally! Been on Obamacare for a couple years & can’t wait to get off of it. Appreciate your honesty & always enjoy your videos!
I have to wait until January but I'm signing up for Cigna Plan N today and Wellcare for Plan D. Since the $185/month will kick in my costs will increase but the 2.5% SS increase will offset that.
That's interesting about having Google hold your RUclips money so it doesn't affect ACA. I will start ACA in January, so I'm planning out my income now. I also love the trees and the birds in the background! Great video! 😁
I know they're holding it, but I can't find concrete evidence anywhere that says they won't 1099 me for the held money. Guess I'll find out for sure in January! Those birds must be fattening up for winter. Lol
@@BuzzRetirementGarage I am fairly sure it will show up on 1099. In that case you will have to pay a penalty to the ACA. For 2025 i had to increase our income substantially because we are now both on SS. Ins will be going up $300/month. Really sucks. That's our government, in one hand, out the other.🤔
It's full fall here. We'll have a beautiful week coming up and the trees have super nice colors this year. Being retired and enjoying fall is really special!
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Those mutual fund returns are way better than the long term average. I have a rule. It is never wrong to take a profit. I don’t worry if something goes up after I sell it. I’m happy whenever I make money.
I'd like to take more but it'll hurt bad. Full government compensation is $9,800 for the year. That's based on our $45,000 SS. I'll have to run numbers again but even now they'll want $2,000 back when I file taxes. Ouch.
@@BuzzRetirementGarage ouch! Well only you know what will let you sleep well at night. That’s my other rule when I’m not sure what to do. What will let me sleep better at night.
@@deanrotering879 Buzz, you’re fabulous. Love your stuff. I wouldn’t necessarily sell that SandP fund. Great base investment fund. But I believe that’s in your Ira or 401? If so you can sell those funds to your settlement fund (not withdraw) with no tax consequences. Actually financial guys I’ve talked to would like that tax efficient sp500 fund in my brokerage, and dividend stocks/funds and stock trades in my Ira to avoid taxes on trade profits or big dividend funds.
I was just reminded that I wish I had been better at doing this. But, again, as they say .. "the best time to plant a tree was 20 years ago .. the 2nd best time is now.
I really look forward to your budget videos. Excellent as usual. So glad I found this channel. Very smart to let google keep your $$ as long as possible. I'd love to hear how long RUclips money can be held. If it's ok, how old are you Buzz? Thanks os much
I can tell you’re a stat guy & seem very knowledgeable, you need to keep your finger on the pulse playing the stocks. My portfolio ( our portfolio lol - sorry wifey ) is in our banks trusty hands, we’ve had the same advisor for years and he’s done us proud thankfully, all in minimal risk at this point of our life’s. Love the bird life, I got out our hummingbird feeders today and made a short vid of it lol
EVGO is a good choice (EV owner here). I stuck with Principal thru my prior employer, after I retired. I made a lot of tweaks to the funds in my account April - June that really paid off - I am getting 18.53% return for 2024 as of today. It inches up and a little down every week before moving back up, but thus far it's a good trajectory.
Yeah, I will be on an ACA plan next year, and folks have advised me to be "poor" so that I get the government subsidy. I guess I just see it differently. Let the chips fall where they may. If you make a little more because you have made good investments and because you are industrious with RUclips, you should be proud of that. It's not like your reduction in the subsidy will be dollar for dollar?! You will still get a subsidy (a little less) and you will still be ahead of the game because of your extra income.
I like the birds you have in the yard. The birds here are heading south. You'll see a group in the yard for a day or two, then poof they're gone. Haven't seen any geese flying over yet. But soon they'll be gathering up as well. No stock tips for you though. I've always been a broad market index fund sort of investor. But these days I'm pulling some of that money back and into dull boring bonds. So whether the market goes up or down I'll be middling happy and middling sad ;)
Yes, the migration has started. Haven't seen a hummingbird in a while. I want to siphon more money to CD's while the rates are still decent. The older I get, the safer I want to be.
Buzz meant to say happy to hear your scan. When planning, have you heard Rule of 72? It lets you calculate how many yrs until your investment doubles. I look at avg 10 year rate of return. So if stock or index fund, or mutual fund has avg rate of return of 10% you take 72 / 10=7.2 years for that money to double. If rate of return is 4% then take 72 divided by 4= 18 years for your money to double. My 401k S&P 500 index fund has 10 yr rate of return is 13%. So 72 / 13 =5.538 years for my money to double. It’s good tool to see how your money will grow. I like index fund that mirrors S&P 500. Index funds charge lower fees which means is important. If your index fund continues to pay 21%, take 72/21=3.429 yrs for that money to double.
Thank you but I'm thinking at my age I need to be more conservative because I have less time to recuperate from a market downturn which I think will happen before the end of the year. I hope I'm wrong. All the gains I have made this year could be wiped away in one day and that bothers me. I'd rather lose some gains rather than lose sleep. Lol
Thanks for sharing buzz. Looks like you really manage your portfolio yourself. I do not pay any attention to my, just have a broker take care of mine. I did have some extra cash so I did 2 CDs this year. One was 100 k the other one was 50 k. Figured might as well.
The stock market come Nov. should be interesting. My mutual funds are always a concern for me. I have a date with my bank next week over my certificate of deposit rate. Eight months ago, I was getting something like 5.11% rate. Good video
I think I need to turn on my conservative investment thinking and throttle back to a 50/50 position rather than the 70/30 I have now. I may miss some market gains, but I'll sleep better at night.
@@Wayneman50 Normally with low or non existent bank interest I would agree but getting guaranteed money off interest is appealing. Check out Third Federal Savings. They have a rising rate 3 year CD. In year 3 it climbs to 4.75%.
Easy to see what “side” one would want to be in office if one is rooting for a robust stock market, and healthy economy. Simple Google search tells the history. It’s not really close.
If you want to take money off the table but not spend it sell it from the 401k (presumably equities). Leave it in the 401k. If you need that money at any point, sell the same equities from your brokerage account and immediately buy them in the 401k with the money that was on the sidelines. That way you only have to pay taxes on it when you actually need to spend it.
@@BuzzRetirementGarage It works if you have for example the same type of equity index funds in your retirement and regular brokerage accounts. If you sold a portion of your equity index fund in your 401K, you could purchase something safer there for the short term holdings if that is an option in your 401k. You wouldn't actually have to remove it from the 401k if you didn't immediately need the money. Once you need the money you could sell the safer investment in the 401k and withdraw it at ordinary income rates. OR you could sell the matching equity index from the brokerage account and only pay capital gains. The safe investment in the 401k could then be used to purchase the same amount of equity index just sold from the brokerage. Doing this gives you more tax expense flexibility to help keep that ACA income potentially lower. 🙂
Regarding stock sale affecting Obama care subsidy.... Do you have any poor preforming stocks you could sell at a loss? To balance out the gains.... You could always but them back next year if you wanted. Just wait 30 days (Or is it 31 days...) to avoid wash trade rules.
So ridiculous how money and earnings are figured I always believed if you want to work extra over time, or a hobby or something like Utube to help out yourself and family. That money should NOT be taxed. so folks just vote for me in November 😅🇺🇲
I do too! Whenever I get asked for my email, there’s always a pause, then laughter. Or if they say nothing, I say go ahead & laugh. Obviously I’ve had it forever, but it’s like a phone number. You don’t want to change it. I have other emails too, but always use AOL as my main one.
Hey Buzz!! I didn't know you were bilingual ~ because most of that was Greek to me. My percentages are 1) not enough and 2) I dunno. Guess it's time to step up my financial game.
Those birds must be fattening up for winter. There were a lot of them. I didn't enter the stock market until May 2020. I made a lot of early mistakes. Made a little money but that was easy to do since everything was down due to covid. Now I'm a fan of dividend stocks and ETF's. RUclips has a lot of beginner videos. I don't have anyone advising me. I probably should have! Lol
The Guardians? LOL There's a beloved football team near where I live now called The Commanders. It is what it is. I'm not qualified to offer financial advice either, but will point out Warren Buffet is sitting on over a quarter trillion dollars in cash, because he can't find anything to buy that makes any sense at current prices. Love the vids, Buzz, hope you and Mrs. are well.
After reading “Simple Path to Wealth” by JL Collins I don’t understand why people make retirement portfolios more complicated than they need to be. Decide on your asset allocation of stocks versus bonds comfort level is and go from there. Diversifying different bucket types makes sense to mitigate taxes but why people don’t consolidate their assets under one roof (when possible) for one stop shopping is beyond me.
Have you seen the Fidelity hack? If something does happen and everything is in one place there is more risk. I separate my day to day bill paying accounts from my investments (different institutions).
@@BuzzRetirementGarage oh well I think you are unknowingly using it! I was listening to RUclips this morning that I stumbled across and the woman from Morning Star mentioned who came up with it - some well known, smart guy from FL…. I can’t recall. But I listen to a couple financial advisors on YiuTube (Azul Wells and Dallen Haws) and that’s where I first heard about it- but it sounds like it’s the standard that most financial advisors use with their clients. Basically- we all know the market will go up and down - down turns and corrections - it’s normal market behavior. We all know at some point it will go significantly down (30-40%) too. Everyone agrees, you should try to avoid selling during down market or you could run out of money b/4 you die. And frankly, lots of people (me included) freak out when the market tanks. Most professionals also say people need to invest in the market to ensure they have enough money til they die - otherwise inflation will ruin your plan. So the advisors I’ve listened to say when in retirement you should have 3 buckets. Look at how much money you need to survive 3 -7 yrs (varies depending upon who you listen to) and that money should be split between two buckets - some in bucket 1 a cash bucket - like short term CDs or high interest paying vehicle that is not impacted by a market down turn. NOT sure, but maybe in this bucket you have 1 -2 yr worth expenses. Bucket 2 might have 3-7 yrs of money that’s invested in Dividend Paying stocks that are qualified (Azul Wells has video about qualified and if I recall correctly, like maybe the first 30 or 40k is tax free - I’ll look for the video and share w/ you). Bucket 3 is long term money you don’t need in next 7 years (most will live many yrs in retirement - maybe 20-25 yrs) and this money can ride out the ups and downs - even large ones and double if you let it sit there. This money can be invested in index funds, stocks, etc. If you google retirement bucket strategy, I’m sure there are lots of videos out there. I don’t have all the details correct on what’s in bucket 1 and 2, but that’s basics idea. And many financial advisors say this allows you peace of mind, ability to not be impacted when the market goes down b/c you have 40%-50% in long term investments and the rest split btwn buckets. 1 & 2. Bucket 2 still getting you a return, but not like the stock market.
I know everybody’s situation is different, but how much cash should you keep solvent? I have three months I had six months I hear a year two years blah blah blah. I figured I’d keep enough for five.
I have two accounts. A regular trading account and a Roth IRA account. If you don't have a Roth yet that might be a good way to start. But remember, I'm not a financial advisor.
Are you in Illinois? Just curious how you fill your days during the cold winter months? I ask this on other channels also. Me and my husband are in Minnesota and I am not looking forward to the long winter days of retirement here in this cold state.
Great question! Last winter was my first and it was kinda rough for me. But back then, I didn't have a system to my day. Now I do. I have indoor projects lined up and I'm an outdoors person, so I don't mind the snow and cold a little bit. The grey sky's for three months is the drawback to winter. maybe we'll do a week down south somewhere. We'll see!
Be really careful financially with social security. If they get any. Any idea you’re not reporting every penny accurately they will cut your SS off. And it’s terrible trying to get it back
Losing gains on a well performing stock (or many stocks) in order to save a few dollars on the cost of insurance doesn't make sense to me. You admit there is a real likelihood of that stock dropping, you are predicting this, yet you don't take the gains. Can someone explain?
I have to figure out the correlation, but my math shows half the gains can be taken by the government. If I wait until January, then basic investing rules come in play. I think the stock is a long term play anyway so I'll wait it out.
I guess they don't have good talent evaluators. Their record of adding good players continues to be dismal. I was watching videos of Flacco throwing bombs last year. Same receivers. What's that tell you? Diddy Watson has to go.
@@BuzzRetirementGarage you could reach out to different ones one RUclips, I've seen them do videos with retirees for content. Your story is very compelling and unique.
Do you have a position that cost basis is down with no hope of recovery to sell to offset the gains? IRA"S I'm selling cash secured puts like crazy, but those would kill you on taxes brokerage account.
@@BuzzRetirementGarage We are in fortunate to have all in IRA and Roth Ira , before end of this year I will be converting a bunch more to Roth. By company being sold I got my retirement last month into IRA , normally would be after retirement allows conversion before ACA next 3 years.
I think you tube may hold the money back but will they still be sending you a 1099? Maybe you should consult a professional? Depending on how much you actually made for the year. But usually the year something is earned, is the year you pay taxes. I don’t mean to be a buzz kill, no pun intended.
You do all this yourself online? or do you have a broker or help with these investments. As for taking money out it can't effect your gov insurance that much? I know my estimated income is always a little lower then what i make in the end but my tax guy never says it's a big effect on it?
I use E-trade and do everything myself. No help. I didn't get involved in stocks until May of 2020. It was the best time to start. A monkey could have made money since the market was down so low. I bought stocks at $6.00 that a year later went up to $75. I just didn't invest enough to make a big difference. I was a scared rookie. Lol I'm not worried about taxes, but the Obamacare will take a couple thousand from me on top of what I'm paying. Trying to limit that pain.
@@BuzzRetirementGarage Good for you. Sounds like you do well in the trading and stock market. I wouldn't know where to begin as why i just do CD's at over 5 percent. As for Obamacare i do the same thing. Est my income for the year when i sign up. i have been on it 3 years now. We always go a little over on the income and it doesn't effect it that much. This is according to my tax man. Sounds like your talking a bunch over your est income to get hit $2000 on the healthcare?
You're doing great with the 5% because you can sleep better. I worry too much about the ups and downs of the market. In January I will start pulling out a bit and maybe go 50/50 or even more conservative. The $2,000 is a guestimate and I hope I'm off a lot. I have to run my numbers again, but I couldn't figure out how to do it on the website.
@@BuzzRetirementGarage Yes actually 5.5 percent on 7 month CD's. They work out great for me. My saving account is almost as good at 4.6 percent with no ties but of coarse it can vary up or down. Most likely will go down a bit since the goverment lowered interest rates a 1/2 percent. But i wish i could get more thru the stock market but again i wouldn't know where to begin.
It actually does way more than that for retirees. My Obama care is less than $19 a month, it’s way over $1k to buy a policy otherwise. Almost makes me wanna vote for his hand picked candidate in November, almost.
If you want coverage similar to what you had at work, it will cost you basically what your employer paid. To get a low cost plan the deductible will be $9,000. I see the 2025 plans have deductibles of $15,000 now.
@@BuzzRetirementGarage I guess it depends a whole lot on the area you live and your projected income. I’ve got the Blue Cross silver plan with a $1,000 deductible, no dental or eye for about $19/month. That’s better than what I had working as a degreed engineer in management in the steel mill I retired from. Buzz I get the need to be watching adding income that could have you owe when tax season comes being the premium is based on your next years projected income. I retired at 53 and thought I’d like to work part time for a while, but the Obama care would consume the additional income, really not worth it. With Obama care you really need to stay retired or go back to work full time somewhere with health insurance if you’re wanting to do something.
Wow, you have an excellent plan! I agree with everything else you said. I only needed Obamacare for one year and hopefully deferring YT income until 2025 works out for me. Thanks for the response. Buzz
I like your portfolio better now than before, and I understand your current path. Just keep in mind that dividends are not free money & limit your returns. Perhaps in time you will be able to allocate more towards the S&P. Either way, stay the course & away from speculation. SCHD, DGRO, JEPQ, SPYI, VIG, & VYM will all serve their purposes.
@@drcornelius8275 Your taxes go to: ~ Four health insurance programs - Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), and Affordable Care Act (ACA) - together accounted for 24% of the budget (2023). Roughly half went to Medicare (provided health coverage to around 65.7M people who are age 65 or older or have disabilities). ~ 21% was spent on Social Security, which provided monthly retirement benefits averaging $1,833 to 49.1M retired workers. ~ 13% for national defense activities. ~ Interest on Debt 10% ~ 8% supports programs that provide aid to individuals and families facing hardship. ~ 7% got to benefits for veterans and federal retirees. ~ Education 5% ~ Transportation 2% ~ Natural Resources & Agriculture 1% ~ Science & Medical Research 1% ~ Law Enforcement 1% ~ International 1% (includes humanitarian aid & the operation of U.S. embassies and consulates) ~ All other 5%
Going to change my financial Investments to mirror yours if “We” Dip I Will Hunt You Down😂 Luckily my Wife is pretty well healed in finances & networks with past employers well. Also she is in better health than I so my lack of knowledge in this area won’t hurt me but if that happens there will be a movie about me remake of The Jerk😂 My favorite MBL teams Red Sox & anyone who beats the Yankees Go Guardians⚾️! All The Best To You & Mrs Buzz! Be Well Be Safe & Stay Blessed.
Who is this "they" you speak of, the government? More correctly, your use of the pronoun "they" should be replaced by the pronoun "you". Since it is "we the people" and our debt obligations that pay for your healthcare premium tax credits. The sum of which is made available only by the fruits of "our" time and labor. But it's wonderful to hear that coincident with the taking of said tax credits that your investment portfolio is doing well and you can push your income into next year in order to maximize the current taking.
You should consider opening Roth IRA on RUclips earnings- then all the earnings are tax free and is not counted as income on your tax return!! So it won’t impact your health insurance
But those earning are taxed before they go into the Roth. He is trying to manage current income, not future income. If he doesn’t need the money in the near future a Roth would be the way to go.
Loving all the birds in background.
Sparrows and such getting their winter weight on.
I was getting ready to say that it looks very birdie back there
Hey Buzz, love the birds in your backyard!
Sparrows are getting ready for winter.
Look at all of those birds! Thanks for sharing with us.
They're getting ready for winter. I need to do that too! Lol
In one of your videos that you made, you said that you had a concrete slab to do,
if you lived a bit closer,I'd slip over there, with my little truck load of gear and
give you a hand to pour it.
Yep, I'd bring my trusty concrete mixer, and barrow, and we'd have it done in no time flat.
i'd wager that there's untolds of folks that would love to give you a hand, and sit around afterwards and mayhaps, learn a few things from you.
Things like how to survive in retirement.
I retired last December, and I'm gradually,(very slowly) renovating my little home.
I did a dry pour and so far, so good. Let's see what the Cleveland winter does to that slab. Buzz
@@BuzzRetirementGarage I hope that you got some help with it.
One of he best parts is having a beer after the job is done.
@@benjigray8690 Solo
Looking good big BUZZ. Consider VZ for the win. 6.18% dividend.
Right. I set my flag at $30 now it's $44 but I just didn't have cash to add. In January we'll see where the market is and maybe I'll start a position.
Just made my last payment to Obamacare. Medicare starts soon. Finally! Been on Obamacare for a couple years & can’t wait to get off of it.
Appreciate your honesty & always enjoy your videos!
I have to wait until January but I'm signing up for Cigna Plan N today and Wellcare for Plan D. Since the $185/month will kick in my costs will increase but the 2.5% SS increase will offset that.
You’re channeling Duane…..sweet. ……birds are ridiculous….❤️🌵
I’m a white sox fan, I’m from Chicago living in AZ now. Your season is better than ours Buzz. Congratulations. There’s always spring training. ❤️🌵
It's not over until the fat lady sings!
Hello from Calgary! Great update Buzz.
Hello my friend!
Hi Buzz. Like you said, what a finish to the game last night. Glad to see a lot of people thinking of you because of the game.
I know! That was crazy, right?
What a great finish today by the Guardians! At 55 and still working and love what I do, I really enjoy your stories about retirement.
Christmas banging that homer was exciting! Good defense and clutch hitting.
@@BuzzRetirementGarage Totally!
I’m hoping the Guardians win over the Yankees. You guys took out my Tigers so I’m rooting for Cleveland all the way.
It's going to be tough but just maybe they pull it off.
That's interesting about having Google hold your RUclips money so it doesn't affect ACA. I will start ACA in January, so I'm planning out my income now. I also love the trees and the birds in the background! Great video! 😁
I know they're holding it, but I can't find concrete evidence anywhere that says they won't 1099 me for the held money. Guess I'll find out for sure in January! Those birds must be fattening up for winter. Lol
@@BuzzRetirementGarage I'd be interested to hear what happens! 👍
I'll probably end up doing a video on it. Hopefully it will be a happy video!
@@BuzzRetirementGarage I am fairly sure it will show up on 1099. In that case you will have to pay a penalty to the ACA. For 2025 i had to increase our income substantially because we are now both on SS. Ins will be going up $300/month. Really sucks. That's our government, in one hand, out the other.🤔
@@Wayneman50 Do you know for sure? Some gig people tell me they won't 1099 you until you take receipt of the RUclips payment.
Im loving.seeing the change of seasons on these updates. ❤
It's full fall here. We'll have a beautiful week coming up and the trees have super nice colors this year. Being retired and enjoying fall is really special!
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Can you believe I had a small position back before the 4/1 split a long time ago? Sold it. I'm still learning, I guess.
Carl Willis, The Guardians pitching coach was a childhood friend and we played Little League together.
No kidding? That's pretty cool.
Those mutual fund returns are way better than the long term average. I have a rule. It is never wrong to take a profit. I don’t worry if something goes up after I sell it. I’m happy whenever I make money.
I'd like to take more but it'll hurt bad. Full government compensation is $9,800 for the year. That's based on our $45,000 SS. I'll have to run numbers again but even now they'll want $2,000 back when I file taxes. Ouch.
@@BuzzRetirementGarage ouch! Well only you know what will let you sleep well at night. That’s my other rule when I’m not sure what to do. What will let me sleep better at night.
@@deanrotering879 Buzz, you’re fabulous. Love your stuff. I wouldn’t necessarily sell that SandP fund. Great base investment fund. But I believe that’s in your Ira or 401? If so you can sell those funds to your settlement fund (not withdraw) with no tax consequences. Actually financial guys I’ve talked to would like that tax efficient sp500 fund in my brokerage, and dividend stocks/funds and stock trades in my Ira to avoid taxes on trade profits or big dividend funds.
you da man, Buzz
What an AWESOME game tonight! WOW!
I'm still buzzing about it!
I was just reminded that I wish I had been better at doing this.
But, again, as they say .. "the best time to plant a tree was 20 years ago .. the 2nd best time is now.
I agree. I didn't start buying stocks until May of 2020. I had no one to teach me along the way. My fault but I wish I was smarter.
I really look forward to your budget videos. Excellent as usual. So glad I found this channel. Very smart to let google keep your $$ as long as possible. I'd love to hear how long RUclips money can be held. If it's ok, how old are you Buzz? Thanks os much
I really appreciate you watching!
I can tell you’re a stat guy & seem very knowledgeable, you need to keep your finger on the pulse playing the stocks. My portfolio ( our portfolio lol - sorry wifey ) is in our banks trusty hands, we’ve had the same advisor for years and he’s done us proud thankfully, all in minimal risk at this point of our life’s.
Love the bird life, I got out our hummingbird feeders today and made a short vid of it lol
It's great to know you have someone you trust and have a good plan.
EVGO is a good choice (EV owner here). I stuck with Principal thru my prior employer, after I retired. I made a lot of tweaks to the funds in my account April - June that really paid off - I am getting 18.53% return for 2024 as of today. It inches up and a little down every week before moving back up, but thus far it's a good trajectory.
Both companies I worked for had Principal. Although the last 19 years there was no company match. Oh well.
Nice Buzz, nice win last night.
It was a thriller!
Yeah, I will be on an ACA plan next year, and folks have advised me to be "poor" so that I get the government subsidy. I guess I just see it differently. Let the chips fall where they may. If you make a little more because you have made good investments and because you are industrious with RUclips, you should be proud of that. It's not like your reduction in the subsidy will be dollar for dollar?! You will still get a subsidy (a little less) and you will still be ahead of the game because of your extra income.
Thanks for he comment. At this point I'll wait until January when I get on Medicare. I can reassess then.
Great info Buzz
Thank you for watching!
I like the birds you have in the yard. The birds here are heading south. You'll see a group in the yard for a day or two, then poof they're gone. Haven't seen any geese flying over yet. But soon they'll be gathering up as well. No stock tips for you though. I've always been a broad market index fund sort of investor. But these days I'm pulling some of that money back and into dull boring bonds. So whether the market goes up or down I'll be middling happy and middling sad ;)
Yes, the migration has started. Haven't seen a hummingbird in a while. I want to siphon more money to CD's while the rates are still decent. The older I get, the safer I want to be.
I am cheering for Cleveland.
That was an unreal game!
Buzz meant to say happy to hear your scan. When planning, have you heard Rule of 72? It lets you calculate how many yrs until your investment doubles. I look at avg 10 year rate of return. So if stock or index fund, or mutual fund has avg rate of return of 10% you take 72 / 10=7.2 years for that money to double. If rate of return is 4% then take 72 divided by 4= 18 years for your money to double. My 401k S&P 500 index fund has 10 yr rate of return is 13%. So 72 / 13 =5.538 years for my money to double. It’s good tool to see how your money will grow. I like index fund that mirrors S&P 500. Index funds charge lower fees which means is important. If your index fund continues to pay 21%, take 72/21=3.429 yrs for that money to double.
Thank you but I'm thinking at my age I need to be more conservative because I have less time to recuperate from a market downturn which I think will happen before the end of the year. I hope I'm wrong. All the gains I have made this year could be wiped away in one day and that bothers me. I'd rather lose some gains rather than lose sleep. Lol
Thanks for sharing buzz. Looks like you really manage your portfolio yourself. I do not pay any attention to my, just have a broker take care of mine. I did have some extra cash so I did 2 CDs this year. One was 100 k the other one was 50 k. Figured might as well.
Nothing wrong with having a broker but just make sure you know how much they're charging you.
Can’t believe the Guardians stranded so many people on base the other night. They should have won that game walking away!!!!
At least they pulled it off in dramatic fashion!
Love dividend etfs. SCHD especially
It's been doing well of late. Just split 3-1 I think.
Good video Buzz 👍
Appreciate it.
Hi Buzz!!
Have a good weekend!
Are you going to make a video about the purple car you recently bought?
Not until I get it painted.
The stock market come Nov. should be interesting. My mutual funds are always a concern for me. I have a date with my bank next week over my certificate of deposit rate. Eight months ago, I was getting something like 5.11% rate.
Good video
I think I need to turn on my conservative investment thinking and throttle back to a 50/50 position rather than the 70/30 I have now. I may miss some market gains, but I'll sleep better at night.
@@BuzzRetirementGarage I am currently 65/35, my wife 60/40. She is 4 yrs older. We are very satisfied with our safe money vs market money percentages.
@@Wayneman50 Normally with low or non existent bank interest I would agree but getting guaranteed money off interest is appealing. Check out Third Federal Savings. They have a rising rate 3 year CD. In year 3 it climbs to 4.75%.
Hey Buzz
Nice video
Thank you for being here!
Buzz take a look at Altria (MO). They pay an 8% dividend in months that many others do not.
That's been on my watchlist but haven't pulled the trigger yet. Maybe in January. Thank you!
Off topic. Bill's fan here. Thanks for Amari Cooper. GO BILL'S!!
We’d like to have him back :(. Cowboys 😢
I knew at the beginning of the season that he was gone. Hope he does well!
Hi Buzz!😊
Hello!
Easy to see what “side” one would want to be in office if one is rooting for a robust stock market, and healthy economy. Simple Google search tells the history. It’s not really close.
BUZZ.. Regarding stocks... If you want to learn all about buying High and selling Low, just ask! I'm an EXPERT! 😁😂😆
I'll keep that in mind when I get some cash freed up. Probably in January when I get on Medicare.
If you want to take money off the table but not spend it sell it from the 401k (presumably equities). Leave it in the 401k. If you need that money at any point, sell the same equities from your brokerage account and immediately buy them in the 401k with the money that was on the sidelines. That way you only have to pay taxes on it when you actually need to spend it.
I read this a couple times but it's going over my head. If I sell any stock etc. i would want to put it into CD's or similar. Safer investments.
@@BuzzRetirementGarage It works if you have for example the same type of equity index funds in your retirement and regular brokerage accounts.
If you sold a portion of your equity index fund in your 401K, you could purchase something safer there for the short term holdings if that is an option in your 401k. You wouldn't actually have to remove it from the 401k if you didn't immediately need the money. Once you need the money you could sell the safer investment in the 401k and withdraw it at ordinary income rates. OR you could sell the matching equity index from the brokerage account and only pay capital gains. The safe investment in the 401k could then be used to purchase the same amount of equity index just sold from the brokerage. Doing this gives you more tax expense flexibility to help keep that ACA income potentially lower. 🙂
Regarding stock sale affecting Obama care subsidy.... Do you have any poor preforming stocks you could sell at a loss? To balance out the gains.... You could always but them back next year if you wanted. Just wait 30 days (Or is it 31 days...) to avoid wash trade rules.
Not really. I'm down on Camping World but not enough to really matter much. I like you're thinking though. Thanks!
So ridiculous how money and earnings are figured
I always believed if you want to work extra over time, or a hobby or something like Utube to help out yourself and family. That money should NOT be taxed. so folks just vote for me in November
😅🇺🇲
You have my vote!
I still use my aol email. I refuse to get rid of it because nobody else has it. Lol
Nothing wrong with that! I don't like the political ads I see on my Yahoo email. Gmail gives me ads but nothing political.
I do too! Whenever I get asked for my email, there’s always a pause, then laughter. Or if they say nothing, I say go ahead & laugh. Obviously I’ve had it forever, but it’s like a phone number. You don’t want to change it. I have other emails too, but always use AOL as my main one.
It's best of seven, not best of five, in this series, Buzz! Season's not over even if our Guardians lose today. It ain't over till it's over...
I thought it was 5. Mrs. Buzz straightened me out on my error in her normal "I know more than you about sports "voice.
@@BuzzRetirementGarage You Go Mrs Buzz!!
Hey Buzz!! I didn't know you were bilingual ~ because most of that was Greek to me. My percentages are 1) not enough and 2) I dunno. Guess it's time to step up my financial game.
I'll give you classes. Lol
@@BuzzRetirementGarage I wish!
Start with opening an Etrade account. It will take a minute to set it up and get i going. Then, we can take $100 and get you started!
Buzz, your birds are awesome. Do you just study/think the stocks or have anyone to advise you? I want to do some but know nothing about them.
Those birds must be fattening up for winter. There were a lot of them. I didn't enter the stock market until May 2020. I made a lot of early mistakes. Made a little money but that was easy to do since everything was down due to covid. Now I'm a fan of dividend stocks and ETF's. RUclips has a lot of beginner videos. I don't have anyone advising me. I probably should have! Lol
@@BuzzRetirementGarage thanks for that info. You sound pretty seasoned now. I will find some YT videos. Yes your birds were almost distracting :).
I thought I heard the "loan" for the EV charging stations were taken from Medicare? Can anyone confirm where that $ is coming from?
I doubt that.
@@BuzzRetirementGarageit was a special print run from The Department Of Treasury won’t hurt anything 🫣😳😵💫🤯😂
The Guardians? LOL
There's a beloved football team near where I live now called The Commanders. It is what it is.
I'm not qualified to offer financial advice either, but will point out Warren Buffet is sitting on over a quarter trillion dollars in cash, because he can't find anything to buy that makes any sense at current prices.
Love the vids, Buzz, hope you and Mrs. are well.
I know and maybe someday names will change again. Cleveland is lucky to have a few teams. Buffet is right. Just hard to time the market fall.
After reading “Simple Path to Wealth” by JL Collins I don’t understand why people make retirement portfolios more complicated than they need to be. Decide on your asset allocation of stocks versus bonds comfort level is and go from there. Diversifying different bucket types makes sense to mitigate taxes but why people don’t consolidate their assets under one roof (when possible) for one stop shopping is beyond me.
Have you seen the Fidelity hack? If something does happen and everything is in one place there is more risk. I separate my day to day bill paying accounts from my investments (different institutions).
I believe diversification is key to my investing style. Mutual funds, CD's, stocks and some precious metals and antiques. Cover all the bases.
@@BuzzRetirementGarage are you using the bucket method?
@@Keepmoving-y7c I don't know what that is.
@@BuzzRetirementGarage oh well I think you are unknowingly using it! I was listening to RUclips this morning that I stumbled across and the woman from Morning Star mentioned who came up with it - some well known, smart guy from FL…. I can’t recall. But I listen to a couple financial advisors on YiuTube (Azul Wells and Dallen Haws) and that’s where I first heard about it- but it sounds like it’s the standard that most financial advisors use with their clients. Basically- we all know the market will go up and down - down turns and corrections - it’s normal market behavior. We all know at some point it will go significantly down (30-40%) too. Everyone agrees, you should try to avoid selling during down market or you could run out of money b/4 you die. And frankly, lots of people (me included) freak out when the market tanks. Most professionals also say people need to invest in the market to ensure they have enough money til they die - otherwise inflation will ruin your plan. So the advisors I’ve listened to say when in retirement you should have 3 buckets. Look at how much money you need to survive 3 -7 yrs (varies depending upon who you listen to) and that money should be split between two buckets - some in bucket 1 a cash bucket - like short term CDs or high interest paying vehicle that is not impacted by a market down turn. NOT sure, but maybe in this bucket you have 1 -2 yr worth expenses. Bucket 2 might have 3-7 yrs of money that’s invested in Dividend Paying stocks that are qualified (Azul Wells has video about qualified and if I recall correctly, like maybe the first 30 or 40k is tax free - I’ll look for the video and share w/ you). Bucket 3 is long term money you don’t need in next 7 years (most will live many yrs in retirement - maybe 20-25 yrs) and this money can ride out the ups and downs - even large ones and double if you let it sit there. This money can be invested in index funds, stocks, etc. If you google retirement bucket strategy, I’m sure there are lots of videos out there. I don’t have all the details correct on what’s in bucket 1 and 2, but that’s basics idea. And many financial advisors say this allows you peace of mind, ability to not be impacted when the market goes down b/c you have 40%-50% in long term investments and the rest split btwn buckets. 1 & 2. Bucket 2 still getting you a return, but not like the stock market.
I know everybody’s situation is different, but how much cash should you keep solvent? I have three months I had six months I hear a year two years blah blah blah. I figured I’d keep enough for five.
2.5 to 3 months for me.
Treat yourself and your wife with part of that youtube money buzz. You've earned it. Glad the Indians won last night. Stressful game to watch.
I think I need to continue to pad my low savings level. Maybe a couple more years then I'll take Mrs. Buzz to a fancy dinner.
Go Tribe! I'm a Red Sox fan who cannot stand the Yankees
What kind of account did you open with e-trade? i am looking into sterting up and investing?
I have two accounts. A regular trading account and a Roth IRA account. If you don't have a Roth yet that might be a good way to start. But remember, I'm not a financial advisor.
@@BuzzRetirementGarage thanks. i remembered. Lol!
Those Clevland teams let you down again Buzz. I live in Minnesota, so I am used to disappointment.
You had a last second rough day too, but 5 wins is nice!
Are you in Illinois? Just curious how you fill your days during the cold winter months? I ask this on other channels also. Me and my husband are in Minnesota and I am not looking forward to the long winter days of retirement here in this cold state.
We’re from Minnesota and love Spring, summer and Fall. We snowbird in AZ in the winter
Great question! Last winter was my first and it was kinda rough for me. But back then, I didn't have a system to my day. Now I do. I have indoor projects lined up and I'm an outdoors person, so I don't mind the snow and cold a little bit. The grey sky's for three months is the drawback to winter. maybe we'll do a week down south somewhere. We'll see!
@@kathyerikson637 I would love to leave for the winter and still keep our country home. We will see if that is a possibility for us .
Be really careful financially with social security. If they get any. Any idea you’re not reporting every penny accurately they will cut your SS off. And it’s terrible trying to get it back
Everything I do is legal. I have an aversion to prison. Afraid I'll drop the soap.
@@BuzzRetirementGarage i have no doubt i was just saying be careful
Yankees. For the win!
You're killing me smalls!
Also Roth IRAs and Roth 401ks are not considered income when you takeout money. I was slow to learn how many ways Roth impact you in retirement!!!!
My stock positions are what I'm worried about. I can't take profits from it without impacting how much I pay for Obamacare.
Losing gains on a well performing stock (or many stocks) in order to save a few dollars on the cost of insurance doesn't make sense to me. You admit there is a real likelihood of that stock dropping, you are predicting this, yet you don't take the gains. Can someone explain?
I have to figure out the correlation, but my math shows half the gains can be taken by the government. If I wait until January, then basic investing rules come in play. I think the stock is a long term play anyway so I'll wait it out.
What is with your football team? Are they deliberately tanking to get a high draft pick to replace Deshaun Watson?
I guess they don't have good talent evaluators. Their record of adding good players continues to be dismal. I was watching videos of Flacco throwing bombs last year. Same receivers. What's that tell you? Diddy Watson has to go.
@@BuzzRetirementGarage Agreed! I would love to see them win a Super Bowl!!!
Sorry about the Guardians. Go Yanks.😁
We're used to it. They had a good season though. Hard to compete against three times more payroll.
Have you ever talked with a financial retirement professional that specializes in retirement?
No. I have not. For the amount that I have they'd be yawning and yelling NEXT!
@@BuzzRetirementGarage you could reach out to different ones one RUclips, I've seen them do videos with retirees for content. Your story is very compelling and unique.
No gold and silver???
Not enough to report. I just started collecting silver. I watch World Money Wins and he shows a lot of his silver and gold collection.
Do you have a position that cost basis is down with no hope of recovery to sell to offset the gains?
IRA"S I'm selling cash secured puts like crazy, but those would kill you on taxes brokerage account.
Not really. Not enough to make up the difference.
@@BuzzRetirementGarage We are in fortunate to have all in IRA and Roth Ira , before end of this year I will be converting a bunch more to Roth. By company being sold I got my retirement last month into IRA , normally would be after retirement allows conversion before ACA next 3 years.
I think you tube may hold the money back but will they still be sending you a 1099? Maybe you should consult a professional? Depending on how much you actually made for the year. But usually the year something is earned, is the year you pay taxes. I don’t mean to be a buzz kill, no pun intended.
I took the advice of someone who actually did it so I'm hoping they were correct. I can't find any info on it. If you see anything, let me know.
If it's in retirement account won't be income until withdrawn.
Correct.
You do all this yourself online? or do you have a broker or help with these investments. As for taking money out it can't effect your gov insurance that much? I know my estimated income is always a little lower then what i make in the end but my tax guy never says it's a big effect on it?
I use E-trade and do everything myself. No help. I didn't get involved in stocks until May of 2020. It was the best time to start. A monkey could have made money since the market was down so low. I bought stocks at $6.00 that a year later went up to $75. I just didn't invest enough to make a big difference. I was a scared rookie. Lol
I'm not worried about taxes, but the Obamacare will take a couple thousand from me on top of what I'm paying. Trying to limit that pain.
@@BuzzRetirementGarage Good for you. Sounds like you do well in the trading and stock market. I wouldn't know where to begin as why i just do CD's at over 5 percent. As for Obamacare i do the same thing. Est my income for the year when i sign up. i have been on it 3 years now. We always go a little over on the income and it doesn't effect it that much. This is according to my tax man. Sounds like your talking a bunch over your est income to get hit $2000 on the healthcare?
You're doing great with the 5% because you can sleep better. I worry too much about the ups and downs of the market. In January I will start pulling out a bit and maybe go 50/50 or even more conservative. The $2,000 is a guestimate and I hope I'm off a lot. I have to run my numbers again, but I couldn't figure out how to do it on the website.
@@BuzzRetirementGarage Yes actually 5.5 percent on 7 month CD's. They work out great for me. My saving account is almost as good at 4.6 percent with no ties but of coarse it can vary up or down. Most likely will go down a bit since the goverment lowered interest rates a 1/2 percent. But i wish i could get more thru the stock market but again i wouldn't know where to begin.
Go to Vegas and bet it all on black. LOL
Can never go to Vegas.
Also qualified dividends are not taxed. So you might learn about qualified dividends
Actually qualified dividends are taxed but at capital gains rate
President Obama told everyone Obamacare would lower everyone's health insurance premium $2500.
It actually does way more than that for retirees. My Obama care is less than $19 a month, it’s way over $1k to buy a policy otherwise. Almost makes me wanna vote for his hand picked candidate in November, almost.
If you want coverage similar to what you had at work, it will cost you basically what your employer paid. To get a low cost plan the deductible will be $9,000. I see the 2025 plans have deductibles of $15,000 now.
@@BuzzRetirementGarage I guess it depends a whole lot on the area you live and your projected income. I’ve got the Blue Cross silver plan with a $1,000 deductible, no dental or eye for about $19/month. That’s better than what I had working as a degreed engineer in management in the steel mill I retired from. Buzz I get the need to be watching adding income that could have you owe when tax season comes being the premium is based on your next years projected income. I retired at 53 and thought I’d like to work part time for a while, but the Obama care would consume the additional income, really not worth it. With Obama care you really need to stay retired or go back to work full time somewhere with health insurance if you’re wanting to do something.
Wow, you have an excellent plan! I agree with everything else you said. I only needed Obamacare for one year and hopefully deferring YT income until 2025 works out for me. Thanks for the response. Buzz
I like your portfolio better now than before, and I understand your current path. Just keep in mind that dividends are not free money & limit your returns. Perhaps in time you will be able to allocate more towards the S&P. Either way, stay the course & away from speculation. SCHD, DGRO, JEPQ, SPYI, VIG, & VYM will all serve their purposes.
In January I will add more to those you have listed. I do have VYM bookmarked. Thank you for your comment!
1:18
Yay socialism. 😂
The more money you make by working hard.... the more they steal and give to the guy who doesn't want to work.
@@drcornelius8275 💯
@@drcornelius8275 Your taxes go to: ~ Four health insurance programs - Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), and Affordable Care Act (ACA) - together accounted for 24% of the budget (2023). Roughly half went to Medicare (provided health coverage to around 65.7M people who are age 65 or older or have disabilities). ~ 21% was spent on Social Security, which provided monthly retirement benefits averaging $1,833 to 49.1M retired workers. ~ 13% for national defense activities. ~ Interest on Debt 10% ~ 8% supports programs that provide aid to individuals and families facing hardship. ~ 7% got to benefits for veterans and federal retirees. ~ Education 5% ~ Transportation 2% ~ Natural Resources & Agriculture 1% ~ Science & Medical Research 1% ~ Law Enforcement 1% ~ International 1% (includes humanitarian aid & the operation of U.S. embassies and consulates) ~ All other 5%
@@drcornelius8275 your so right
Hey Buzz, I listened, let the ads run, and watched the entire video. I enjoyed watching the birds behind you. I didn't understand a thing you said.😐
That’s hilarious….but nice of you to watch the ads. ❤️🌵
@@jamesp.7496 haha. I wanted to support Buzz!!
Thank you! That's funny too. Lot's of sparrows today.
@@BuzzRetirementGarage You're welcome, Buzz.
I hope your not betting on football
Not me. That's a skill I don't possess.
Can ur wife take dividends on her account
Obamacare uses both incomes to determine their rate. Even though my spouse doesn't have Obamacare. So that won't work.
Going to change my financial Investments to mirror yours if “We” Dip I Will Hunt You Down😂 Luckily my Wife is pretty well healed in finances & networks with past employers well. Also she is in better health than I so my lack of knowledge in this area won’t hurt me but if that happens there will be a movie about me remake of The Jerk😂 My favorite MBL teams Red Sox & anyone who beats the Yankees Go Guardians⚾️! All The Best To You & Mrs Buzz! Be Well Be Safe & Stay Blessed.
@@chhook949 You are my favorite. Lol
Who is this "they" you speak of, the government? More correctly, your use of the pronoun "they" should be replaced by the pronoun "you". Since it is "we the people" and our debt obligations that pay for your healthcare premium tax credits. The sum of which is made available only by the fruits of "our" time and labor. But it's wonderful to hear that coincident with the taking of said tax credits that your investment portfolio is doing well and you can push your income into next year in order to maximize the current taking.
Thank you for your comment!
You should consider opening Roth IRA on RUclips earnings- then all the earnings are tax free and is not counted as income on your tax return!! So it won’t impact your health insurance
But those earning are taxed before they go into the Roth. He is trying to manage current income, not future income. If he doesn’t need the money in the near future a Roth would be the way to go.
I do have a Roth but until it's in there for 5 years it's taxable when taken out I believe.
@@BuzzRetirementGarage true