Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but l'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!!
Congrats to you, You're really doing well for yourself, I'm 48 and my financial life is in a mess. Any great tips would really go a long way in shaping my life.
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
What I appreciate about Jihan is his ability to tailor master plan to individual needs. He recognizes that each investor has unique goals and risk tolerances, and he adapts his advice accordingly.
Jihan Wu goes deeper than just looking at surface-level trends. he explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
As an airline pilot, traveling is literally the last thing I want to do when I retire. My goal in life is to never get on a disgusting airplane ever again. I never want to sleep in a hotel again too.
We are two 61 and 58 have not flown sense attending a wedding in Las Vegas in 2000, it was bad then and could not imagine flying commercial again and that goes for today's hotels, they are nasty per our friends that do still travel, we do not get it. Lance.
I’m a businessman who’s traveled a lot and traveling is not high on my list. I’ll do some with loved ones etc. But I consider it a cost savings in retirement. 😊
I travelled all my life and saw the world. I hate travel. My retirement? Being a home body: Yard Work, Gardening, Cleaning the house, Reading. The first year of retirement I read over 100 books on my 1500 book list. I also spend a lot of time with family and my dogs. This is the life I always wanted. Guilty pleasures? Chiropractor and massage once a week. ... I have never been happier.
I've rented both an RV and a boat on several occasions and it's so nice to know that once I drop off the keys I'm done with it. They are definitely fun for a week or two, but I couldn't imagine owning one.
Can’t speak about campers but have always paid cash for boats. I do what I can afford to do and I wouldn’t charge a thing. I’m not retired but close to it and have enough saved for it.
You are absolutely right!!! We are retiring in few months and have sold our house to do exactly that!! Smaller home but with all the amenities we always wanted!! We are major home bodies!!
I'm planning to invest $200k for my long-term retirement goals (5-10 years). Considering the 'Mag 7' stocks, which one can be recommended as the best performer in terms of profit and loss, given their recent challenges? I'm looking for stable growth and reliable returns.
One of your best videos Azul.Visit with a financial advisor to optimize your portfolio's long-term growth, identify opportunities especially amidst underperformance by some 'Mag 7' stocks. They'll assess your risk tolerance, diversify your portfolio, and create a tailored strategy considering dividend yield, valuation, and industry trends.
I agree! Working with a seasoned advisor helped me build a $1.8 million portfolio. Through 25 years of maxing out my 401k, investing in properties, and tutoring languages (making in ballpark $200k/yr), I wasn’t saving enough or budgeting well enough. I learned the value of diversification, tax optimization, and risk management during the lockdown, I took the opportunity to contact my fiduciary right now and was shown a whole new way of looking at investing, starting under her guidance with bare 150k I have been able to grow my nest egg.
Impressive! With a $470k portfolio and 4 years until retirement, I'm seeking expert advice on maximizing returns. Could you share your advisor's contact information? Are they well-versed in retirement planning?
Retired at age 53, I am in my early 60s. Because they couldn't understand the idea of not working if you don't have to, many individuals resisted me. I viewed my life in phases. In my latter years, I owe it to myself to "stop and smell the roses," even if I have worked hard to get everything I have now. My situation is that I retired and moved to Latin America. It made it possible for me to enjoy my new surroundings while escaping all the bad things that were going on in America. None of the people I've met regret retiring.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Had a boat, but had to sell it as my dog was freaking out. Bought a micro camper (only 1800lbs) and love it! Spent 10 weeks in it this summer. Planning the same next summer.
I always appreciate your "enjoy yourself" reminders to us retirees and an emphasis on health. I was surprised you didn't mention buying toys used (then selling) but great recommendations all around!
Great advice Azul. I retired almost two years ago and so many of my colleagues and friends thought I was crazy for leaving such a lucrative career and at the top of my game. While I'm still making that transition to spending versus accumulation of more wealth, my days are richly filled with adventure travel, fitness and the joy of learning new skills. You have taught me to fully maximize the youth of my senior years. Well done!
I traveled so much during my working life; it's not off my list but way down I still keep a vehicle, but I drive about 10 miles per month My yearly maintenance mechanic gives me a smile
I'm 75 now and very much appreciate staying in my home which is a beautiful place that I fixed up to be exactly what I wanted. Oh yes I will travel some. The home sweet home is where it's at.
I liked your comment about buying used. We don’t always have to buy new stuff all the time. This World is so full of stuff. We have enough clothes now to dress six more generations of people. Have you looked at vintage stores or your neighbors garage? Stuff and more stuff!
We look at retirement as a series of chapters- based mostly on how we guess our physical state will be at each stage. Thus a renewed focus and preoccupation with supporting our physical and mental health is the foundation (because if one spouse is knocked down that limits the choice of both). Chapter one is buying an RV and travelling across the US and exploring the magnificent geography and history. We travel in the Fall, Winter, Spring and spend the summers on our boat. Out of doors is important. Having your own bed, your favourite stuff and kitchen (managing your diet) is important.
Taking care of yourself with small indulgences is great for mental and physical health. These help us to buy health time later in life. Great advice Azul, keep up the great work!
I did buy the RV, and yes, I have used it. First, it is a hobby. You always have something to work on. You better be handy if you own a RV because they are all need work. The real reason I bought it was to drive to Alaska. I know, you can fly to Alaska and rent one but try crossing into Canada with it and see how that goes. The Glaciers, the Ice fields, parking on the Ocean, seeing Denali, the hot springs, using a small ferry to cross the Yukon River, border crossing at the furthest northern border. The quaint little villages. I also have some great conversation starters now. So many folks want to know about my trip. Shout out to our friends up north! You were nothing by nice to us.
Travel is my passion. I have plans for 2 major trips throughout the next 2 years. You get the joy of planning and anticipation, the joy of the trip and the friends you meet and then the joy of reminiscing and enjoying your pictures after.
Also, I already live at the beach, on a small US island in the Atlantic, my house is built on pylons for floods and hurricanes. Alternatives to the sailboat for retirement include living in Asia for part of the year (I travelled Asia extensively for work for many years), and or getting a house closer to the ocean or gulf. Cheers!
Great advice! We did work hard to save up for retirement, and love your #1 advise, to spend your money! It will be hard to get on board from forever saving, to now spending, but spend and enjoy! That’s what we save it all for😀 Love all your video’s!!
I'm retiring on 5k per month, don't own a house, I won't be doing much. 70 million people on SS and our government has priced most of them out of the economy.
Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $418K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
One reason old folks have so much of their savings is that the market grew. Had the market been flat they would have spent 50%. Since you don’t know what the market is going to do , you can’t spend big early on. One partial solution is to take 5% of your portfolio each year, not adjusted for inflation, just a flat 5%. This won’t endanger your nest egg but will let you enjoy the good years 😊
You suggest "spending on things you truly dislike doing." I would say, rather than hiring a gardener or house cleaner, consider shifting your mindset from "I hate this" to "This is great exercise, and now I can skip a separate workout!"
I completely agree. Mindset is everything! However, there is nothing wrong with “spoiling” yourself occasionally as well. Thanks for watching and for taking time to comment. 😎 Azul
Silly to actually try to spend your retirement savings. I can't imagine the nightmare of realizing that I'd out spent my nest-egg, at 95. The rest of the video is great.
We retired at age 62 five years ago and are having the time of our lives here in Montana. We don't spend much money because we have no debt and we enjoy fishing, hunting, backpacking, cross-country skiing, gardening, etc. Question: Is it better to let our 401 k grow and withdrawal from our Fidelity mutual funds, or let our Fidelity mutual funds grow and withdrawal from our 401 k? RMD at age 73 will likely be about 100k. Thanks.
Haha save golf for later in life. I've been golfing all my life, it takes years if not decades just to be average because golf is extremely difficult. My point - you can do both. Start it early and slowly get better over the years of your retirement.
I just have to applaud your content man, well done. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Veronica Hoy, it will add to your success in the crypto market.
Greetings Azul! Very thought-provoking video. I'm taking a very short trip to Florida this weekend and needed something to read in-flight. Today I purchased 'From Strength to Strength' at your recommendation. Can't wait to dive in! Please know I REALLY enjoy your videos and appreciate the knowledge you share with us. A pre-retiree. :)
I'm gonna go out buy a new car with my retirement money. Oh, wait, they're a $100000 dollars now. Okay, I'll take a trip to Hawaii because I did it a few years ago for $2000, oh wait, that's 6k now! It's not a matter of spending my money. It's a matter of them stealing my money!
I went to Hawaii in my 30s with my girlfriend and it was beautiful - this one hotel we stayed at was called Turtle Bay and I paid $90 a night for two nights. I just looked it up it's $1,000 a night LOL, I'll have to retire somewhere else, me thinks.
Planning to retire in the next few years, and I've been getting all my toys: music equipment, motorcycle, and sports car. Now I plan to sell my powerboat early next year and get a sailboat which is the last big ticket item before I retire.
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
No 1,000 weeks is about right if you are in good health when you retire if you retire around 60 you can expect to be in pretty good health up to around 80. Of course if your family is short-lived or has known problems you should take that into account when you're making plans... I'm 75 now and I'm starting to slow down but my health fortunately is still pretty good.
Watch sports on a cool tv-help those in need-appreciate what you have-be happy-stop talking-humble bragging and listen more-move to Thailand-a much younger and prettier gf who actually is thin and likes you-live a stress free life!
I have a special needs son, so this definitely hits home. I'm not yet retired and I will have a decent income, but we certainly don't want him to live a life of poverty.
I get the intent of this particular video - but - some of these suggestions are foolish. Never ever never buy a boat or rv. Charter or Rent - never buy a boat or rv. Run "don't walk" from any Financial Advisor who suggest buying a boat or rv - retired or not. Boats are endless money pits while rv's are the same. Good luck with resale ...
![Megan Thee Stallion - Bigger In Texas [Official Video]](http://i.ytimg.com/vi/QxTkZTLWdo4/mqdefault.jpg)
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but l'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!!
Congrats to you, You're really doing well for yourself, I'm 48 and my financial life is in a mess. Any great tips would really go a long way in shaping my life.
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
What I appreciate about Jihan is his ability to tailor master plan to individual needs. He recognizes that each investor has unique goals and risk tolerances, and he adapts his advice accordingly.
Jihan Wu goes deeper than just looking at surface-level trends. he explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
Waking up every tenth of each month to £210,000 it’s a blessing to I and my family… Big gratitude to this same Jihan Wu🙌
As an airline pilot, traveling is literally the last thing I want to do when I retire. My goal in life is to never get on a disgusting airplane ever again. I never want to sleep in a hotel again too.
So agree.
Hiking and camping are better choices for you after retirement.
We are two 61 and 58 have not flown sense attending a wedding in Las Vegas in 2000, it was bad then and could not imagine flying commercial again and that goes for today's hotels, they are nasty per our friends that do still travel, we do not get it. Lance.
I’m a businessman who’s traveled a lot and traveling is not high on my list. I’ll do some with loved ones etc. But I consider it a cost savings in retirement. 😊
The career I retired from took me into every corner of the world. I couldn't agree more.
Kind of enjoy hanging out on my property in the woods.
I travelled all my life and saw the world. I hate travel. My retirement? Being a home body: Yard Work, Gardening, Cleaning the house, Reading. The first year of retirement I read over 100 books on my 1500 book list. I also spend a lot of time with family and my dogs. This is the life I always wanted. Guilty pleasures? Chiropractor and massage once a week. ... I have never been happier.
The two happiest days of buying an RV or a boat. The day you buy it and the day you sell it.
I've rented both an RV and a boat on several occasions and it's so nice to know that once I drop off the keys I'm done with it. They are definitely fun for a week or two, but I couldn't imagine owning one.
Can’t speak about campers but have always paid cash for boats. I do what I can afford to do and I wouldn’t charge a thing. I’m not retired but close to it and have enough saved for it.
Sounds about right but buying used is probably the way to go and you can get a good deal.
Buy an airplane instead.😃
Touring Europe in MH since retiring two years ago. Can work if MH can pay for itself. Still, agree they come with hellish costs, ie, fridge,3k🫡🫡🫡
You are absolutely right!!! We are retiring in few months and have sold our house to do exactly that!!
Smaller home but with all the amenities we always wanted!! We are major home bodies!!
I'm planning to invest $200k for my long-term retirement goals (5-10 years). Considering the 'Mag 7' stocks, which one can be recommended as the best performer in terms of profit and loss, given their recent challenges? I'm looking for stable growth and reliable returns.
One of your best videos Azul.Visit with a financial advisor to optimize your portfolio's long-term growth, identify opportunities especially amidst underperformance by some 'Mag 7' stocks. They'll assess your risk tolerance, diversify your portfolio, and create a tailored strategy considering dividend yield, valuation, and industry trends.
I agree! Working with a seasoned advisor helped me build a $1.8 million portfolio. Through 25 years of maxing out my 401k, investing in properties, and tutoring languages (making in ballpark $200k/yr), I wasn’t saving enough or budgeting well enough. I learned the value of diversification, tax optimization, and risk management during the lockdown, I took the opportunity to contact my fiduciary right now and was shown a whole new way of looking at investing, starting under her guidance with bare 150k I have been able to grow my nest egg.
Impressive! With a $470k portfolio and 4 years until retirement, I'm seeking expert advice on maximizing returns. Could you share your advisor's contact information? Are they well-versed in retirement planning?
Stay away from specific stocks. Get an index fund for stocks and one for bonds. Go 60% stock and 49% bonds. For older than 65, go 50/50
60/40
Retired at age 53, I am in my early 60s. Because they couldn't understand the idea of not working if you don't have to, many individuals resisted me. I viewed my life in phases. In my latter years, I owe it to myself to "stop and smell the roses," even if I have worked hard to get everything I have now. My situation is that I retired and moved to Latin America. It made it possible for me to enjoy my new surroundings while escaping all the bad things that were going on in America. None of the people I've met regret retiring.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for the lead. I searched her up on google, and I have sent her an email. I hope she gets back to me soon.
Had a boat, but had to sell it as my dog was freaking out. Bought a micro camper (only 1800lbs) and love it! Spent 10 weeks in it this summer. Planning the same next summer.
I always appreciate your "enjoy yourself" reminders to us retirees and an emphasis on health. I was surprised you didn't mention buying toys used (then selling) but great recommendations all around!
Great advice Azul. I retired almost two years ago and so many of my colleagues and friends thought I was crazy for leaving such a lucrative career and at the top of my game. While I'm still making that transition to spending versus accumulation of more wealth, my days are richly filled with adventure travel, fitness and the joy of learning new skills. You have taught me to fully maximize the youth of my senior years. Well done!
I traveled so much during my working life; it's not off my list but way down
I still keep a vehicle, but I drive about 10 miles per month
My yearly maintenance mechanic gives me a smile
Agreed. I never want to see the inside of an airplane again (unless I'm in the cockpit). Much prefer slow travel these days.
I'm 75 now and very much appreciate staying in my home which is a beautiful place that I fixed up to be exactly what I wanted. Oh yes I will travel some. The home sweet home is where it's at.
Describes me perfectly. Did plenty for work. Not off the list but way down the list with loved ones.
Awesome list. Even in my 50s, walking around southeast Asia wears me out after a few days. Enjoy that money early guys.
I liked your comment about buying used. We don’t always have to buy new stuff all the time. This World is so full of stuff. We have enough clothes now to dress six more generations of people. Have you looked at vintage stores or your neighbors garage? Stuff and more stuff!
I am a cheap retiree. I paint pics in oils, hike and fishing.
You are likely happier and healthier than most
We look at retirement as a series of chapters- based mostly on how we guess our physical state will be at each stage. Thus a renewed focus and preoccupation with supporting our physical and mental health is the foundation (because if one spouse is knocked down that limits the choice of both). Chapter one is buying an RV and travelling across the US and exploring the magnificent geography and history. We travel in the Fall, Winter, Spring and spend the summers on our boat. Out of doors is important. Having your own bed, your favourite stuff and kitchen (managing your diet) is important.
Taking care of yourself with small indulgences is great for mental and physical health. These help us to buy health time later in life. Great advice Azul, keep up the great work!
My financial advisor :) 👋Thank you so much for all of your advice as it is very helpful.
I did buy the RV, and yes, I have used it. First, it is a hobby. You always have something to work on. You better be handy if you own a RV because they are all need work. The real reason I bought it was to drive to Alaska. I know, you can fly to Alaska and rent one but try crossing into Canada with it and see how that goes. The Glaciers, the Ice fields, parking on the Ocean, seeing Denali, the hot springs, using a small ferry to cross the Yukon River, border crossing at the furthest northern border. The quaint little villages. I also have some great conversation starters now. So many folks want to know about my trip.
Shout out to our friends up north! You were nothing by nice to us.
One of your best videos Azul.
GREAT advice !!!!
#1:. No you don't spend down the principal, you spend the income that the principal throws off...
Solid answer.
Thanks for the video!! Already did one of them. Hired a landscaper since I’m on travel and never home. 😂
Travel is my passion. I have plans for 2 major trips throughout the next 2 years. You get the joy of planning and anticipation, the joy of the trip and the friends you meet and then the joy of reminiscing and enjoying your pictures after.
Also, one of my guilty pleasure "goals" is to fly in a private jet to a beautiful destination. More than once.
Azul, great videos and thank you for creating them. Please keep them coming!
Also, I already live at the beach, on a small US island in the Atlantic, my house is built on pylons for floods and hurricanes. Alternatives to the sailboat for retirement include living in Asia for part of the year (I travelled Asia extensively for work for many years), and or getting a house closer to the ocean or gulf.
Cheers!
Great advice! We did work hard to save up for retirement, and love your #1 advise, to spend your money! It will be hard to get on board from forever saving, to now spending, but spend and enjoy! That’s what we save it all for😀 Love all your video’s!!
We try to take two or three trips every year. There is a whole big world out there to see and experience.
I'm retiring on 5k per month, don't own a house, I won't be doing much. 70 million people on SS and our government has priced most of them out of the economy.
We just bought a pair of e-bikes.
Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $418K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
She's known as “KAREN MARIE GENDRON”. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon.
One reason old folks have so much of their savings is that the market grew. Had the market been flat they would have spent 50%. Since you don’t know what the market is going to do , you can’t spend big early on. One partial solution is to take 5% of your portfolio each year, not adjusted for inflation, just a flat 5%. This won’t endanger your nest egg but will let you enjoy the good years 😊
That is a beautiful background. Without giving too much away, Can you let me know what part of the country that is?
Utah
You suggest "spending on things you truly dislike doing." I would say, rather than hiring a gardener or house cleaner, consider shifting your mindset from "I hate this" to "This is great exercise, and now I can skip a separate workout!"
I completely agree. Mindset is everything! However, there is nothing wrong with “spoiling” yourself occasionally as well. Thanks for watching and for taking time to comment. 😎 Azul
Silly to actually try to spend your retirement savings. I can't imagine the nightmare of realizing that I'd out spent my nest-egg, at 95. The rest of the video is great.
We retired at age 62 five years ago and are having the time of our lives here in Montana. We don't spend much money because we have no debt and we enjoy fishing, hunting, backpacking, cross-country skiing, gardening, etc. Question: Is it better to let our 401 k grow and withdrawal from our Fidelity mutual funds, or let our Fidelity mutual funds grow and withdrawal from our 401 k? RMD at age 73 will likely be about 100k. Thanks.
Depends on your individual taxable rate. I would withdrawal up to the next rate but not over and place in a after tax account
Haha save golf for later in life. I've been golfing all my life, it takes years if not decades just to be average because golf is extremely difficult. My point - you can do both. Start it early and slowly get better over the years of your retirement.
I just have to applaud your content man, well done. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Veronica Hoy, it will add to your success in the crypto market.
I'm surprised that this name is being mentioned here, I stumbled upon one of Veronica Hoy clients testimonies on CNBC news last week...
Veronica Hoy strategy has normalised winning trades for me also and it's a huge milestone for me looking back to how it all started
Really you people know Veronica Hoy? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
I try to go on a vacation every month either cruise or flying
I'm in Barbados now at the Crane
Rent an RV not buy it if it’s for temporal
Greetings Azul! Very thought-provoking video. I'm taking a very short trip to Florida this weekend and needed something to read in-flight. Today I purchased 'From Strength to Strength' at your recommendation. Can't wait to dive in! Please know I REALLY enjoy your videos and appreciate the knowledge you share with us. A pre-retiree. :)
B.O.A.T bust out another THOUSAND!
First and only guilty pleasure? Turning everything off. Goodbye. Click! 😉
I'm gonna go out buy a new car with my retirement money. Oh, wait, they're a $100000 dollars now. Okay, I'll take a trip to Hawaii because I did it a few years ago for $2000, oh wait, that's 6k now! It's not a matter of spending my money. It's a matter of them stealing my money!
Longer you wait, the higher the cost!!
Blaming government does not bring you happiness! This is about your happiness!!
I went to Hawaii in my 30s with my girlfriend and it was beautiful - this one hotel we stayed at was called Turtle Bay and I paid $90 a night for two nights. I just looked it up it's $1,000 a night LOL, I'll have to retire somewhere else, me thinks.
Planning to retire in the next few years, and I've been getting all my toys: music equipment, motorcycle, and sports car. Now I plan to sell my powerboat early next year and get a sailboat which is the last big ticket item before I retire.
Where to go: Philippines
What to do: Marriage, love, babies.
How to spend money: duh 😂
😂 Yeah I see these guys that go overseas and have children with young women. If that was to happen to me it would be the immaculate conception #2. 😂
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $100k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
nice!! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?
❤
I think you mean 1000 days not 1000 weeks of healthy living left after 65. 1000 weeks is 19 years
He means 1000 weeks
He's referring to the Healthy Life Expectancy (HALE) at age 60. At 60 women have a HALE of 78.7 years, while men are at 77.6.
No 1,000 weeks is about right if you are in good health when you retire if you retire around 60 you can expect to be in pretty good health up to around 80. Of course if your family is short-lived or has known problems you should take that into account when you're making plans... I'm 75 now and I'm starting to slow down but my health fortunately is still pretty good.
8:21 Loved this video!
Watch sports on a cool tv-help those in need-appreciate what you have-be happy-stop talking-humble bragging and listen more-move to Thailand-a much younger and prettier gf who actually is thin and likes you-live a stress free life!
My wife wants to save as much as possible to give to our kids. We do not go out to eat, travel, or do much of anything.
Excellent!! Now they can sit around and smoke pot!
I have a special needs son, so this definitely hits home. I'm not yet retired and I will have a decent income, but we certainly don't want him to live a life of poverty.
@@bg5215 - Maybe, you're not raising your kids right.
10:22 10:23 so sorry about this. It took me several yrs to get my husband on board to not save everything for the kids. Now we are having fun.
I get the intent of this particular video - but - some of these suggestions are foolish.
Never ever never buy a boat or rv. Charter or Rent - never buy a boat or rv.
Run "don't walk" from any Financial Advisor who suggest buying a boat or rv - retired or not. Boats are endless money pits while rv's are the same. Good luck with resale ...
The 3 F rule.