Retirement Planning For DIYers
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- Опубликовано: 30 сен 2024
- If you're 50 and thinking about retirement, this video is for you. I'll show you how to create a retirement plan, perfect for DIYers who want to take control of their future. Knowing you have enough saved gives you the freedom to work on your terms-or start dreaming about the next phase of life if you're already set. In this video, I’ll guide you through using the Retirement Budget Calculator in 3 simple steps to see if you're on track for a successful retirement.
You know your stuff, but you need to relate to the people that don't have $3M+ in assets for retirement. I believe the median saved for 55-64 is $185,000. A far cry from even a million.
I retired with $400k saved, and looking back, I can see how things could have turned out differently. I chose to place much of my portfolio into ETFs for the safety they offered, but now I realize this might have limited my growth by diluting potential returns from top performers. While I’m not saying it’s the wrong approach for everyone, it’s something I think about when considering what could’ve been done differently
I’m nearing retirement myself, and I had similar concerns. I started investing later than most, and just relying on ETF compounding wasn’t cutting it for me either. After working with a financial advisor, I managed to restructure my investments and am now on track to retire with around $4 million. If I hadn’t sought advice, I doubt I’d be as confident in my plan right now
I’m trying to figure out the best approach for my portfolio. How did you find your advisor? I feel like I need that kind of guidance
I usually steer clear of recommending specific people because financial needs are so personal. But I can say that working with Emily Ava Milligan has made a world of difference for me. I noticed her strategies are tailored to fit personal goals and make sense for different needs. It might be worth exploring to see if her approach resonates with you
Thanks for that. I did a quick search and found her page. I was able to email so I sent over a few questions to get more info. Appreciate you sharing
$3+mil net worth??
maybe think about another video that the other 96.3% of us can relate too.........
Good point. What kind of numbers do you think I should use?
@@RetirementBudgetCalculator from all of the "research" I have been doing, I think I'm doing a bit better than most, but still nowhere close to the numbers you are using. maybe because of my modest beginnings, with $3mil+ I wouldn't be watching ANY youtube retirement videos... even with what I do have, I stopped watching your video when you got to the over $3mil net worth part. I simply can't relate.
again, I think I'm a bit above average with $720k in 401ks, $150k cash. I do not own a home, but also have zero debt. will also have a modest pension of +/- $2,600 per month, and estimating (from ss website) +/-$3,200 ss for me and my wife together. wife has no other accounts to speak of.
I plan to retire in 3 years at 62.5 yrs of age, (hopefully with a bit more than I have today) and try to use the cash for downpayment on fixed mortgage.
even still, I think MOST are more like $500k in 401's, and SS. (if that)
you will probably get more views in this range, as that's where "most" of us are.
if I want to learn about the numbers you're talking about to figure out if I want my second retirement home to be in palm beach or aspen, I will simply look up some robin leach videos.... I mean, good grief!
most of us are here looking for help and advice, not fantasy vidoes.....
hope you appreciate the constructive criticism. maybe I will watch one of your more helpful videos in the future, but if I had $3mil dollars, I wouldn't need your advice or help......
thanks!
@@RetirementBudgetCalculator google, are you serious???
I take the time to write this guy a 150 word response to try to help him improve his videos, and you won't post it???
🤦♂
@@RetirementBudgetCalculator anyway, google won't let me help you..... the gist was if you want people to watch your videos, work with numbers that MOST of us would use...
if I had $3mil+, I wouldn't be watching youtube videos for help/advice. I would be deciding if I by a second retirement home outside of aspen, or a 60ft yacht in the florida keys....
@@RetirementBudgetCalculator how about a couple trying to retire halfway early at 62, $750k 401ks, and SS. no debt and will have a modest pension as well.
and I think this is above average. but most people looking on here for help/advice for retirement can't begin relate to being a multi-millionaire......
"I want to democratize retirement..." Shows earnings and home value reflective of the top 3 percent of all Americans. Completely out of touch with what retirement looks like for people outside of select areas of CA, NY and other outrageously expensive locales.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $200,000.
@@williamDonaldson432 Mind if I ask you to recommend this particular coach you using their service?
Annette Marie Holt is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
This is good stuff!
We're looking at these decisions right now and figuring out the best path.
You are going to love it.
Thanks for your outstanding content and contributions to educating folks to improve their financial lives!
Does this have other asset choices available like rental real estate? Some of our NW is only about 6% in the 'market'. Thank you.
Yes you can enter real estate as well as the income associated with rentals.