I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Natalie Rose Strayer.
Spot on. Savings and income are only half of the picture. I have effectively no savings at 55, but I have not worked in the last 5 years (disability). I am getting by because my income exceeds my expenses, and my home isn't even paid off. It will be by the time I will presumably need to more seriously look at long term care, but income will still float that boat as long as expenses are controlled.
Of course everything depends on you’re spending in retirement. Everything depends upon spending before retirement too. The question is do you want to be pinching pennies in retirement or do you want to live comfortably.
If you have a decent amount in retirement, 5% is fine cause like Josh says in your other years you’re not going to be spending the way you were like in the beginning of your retirement. You will slow down o your spending. Another great video. I plan on taking 5-6% yearly. I read a great book called “ Dying w zero”.. it makes a lot of sense
I plan on keeping money invested and hoping for a 5% return minimum. The first 10yrs you should spend more in retirement than the second 10yrs as you will slow down as you age. “Go Go”, “Slow Slow”, “No No” years. If you can get a realistic 5% return, you should be able to take 8% the first 10 years and be fine if you have 1.5-2 million, plus SS.
No mortgage, ONLY debt is our car lease (no warranty issues, no repairs, new car every 3 years), $700K in 401K, $50K in emergency cash fund, $48K in combined SS. Heck, 4% is more than we need or even want for that matter.
5% is not riding the edge,what the heck is BRUCE talking about.5% is easily doable if you have any investing sense at all.Take a breath BRUCE its okay.
Hello, i have a question and it doesn't relate to today's content. I currently contribute to a simple ira and with a company merger we will move to a 401k account. Can I rollover from simple ira to 401k? Is there anything I should be aware of? Thank you !
I said it on the original, and I'll say it here. Such ideas are dangerous, highly dangerous ... to the Wall Street wiseguys why, if you pull money out, how they gon' keep there securities overpriced?
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Natalie Rose Strayer.
I'm surprised that you just mentioned and recommended Natalie Strayer, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
You trade with Natalie Strayer too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
Spot on. Savings and income are only half of the picture. I have effectively no savings at 55, but I have not worked in the last 5 years (disability). I am getting by because my income exceeds my expenses, and my home isn't even paid off. It will be by the time I will presumably need to more seriously look at long term care, but income will still float that boat as long as expenses are controlled.
Of course everything depends on you’re spending in retirement. Everything depends upon spending before retirement too. The question is do you want to be pinching pennies in retirement or do you want to live comfortably.
Looking forward to the new book…I’ll pay extra for a signed copy!!
If you have a decent amount in retirement, 5% is fine cause like Josh says in your other years you’re not going to be spending the way you were like in the beginning of your retirement. You will slow down o your spending. Another great video. I plan on taking 5-6% yearly. I read a great book called “ Dying w zero”.. it makes a lot of sense
5-6% of say the end of the year balance or 5-6% inflation adjusted??
Thank you, Josh.
I plan on keeping money invested and hoping for a 5% return minimum. The first 10yrs you should spend more in retirement than the second 10yrs as you will slow down as you age. “Go Go”, “Slow Slow”, “No No” years. If you can get a realistic 5% return, you should be able to take 8% the first 10 years and be fine if you have 1.5-2 million, plus SS.
Enjoyed the video.
No mortgage, ONLY debt is our car lease (no warranty issues, no repairs, new car every 3 years), $700K in 401K, $50K in emergency cash fund, $48K in combined SS. Heck, 4% is more than we need or even want for that matter.
That dog needs to see an orthodontist
5% is not riding the edge,what the heck is BRUCE talking about.5% is easily doable if you have any investing sense at all.Take a breath BRUCE its okay.
Hello, i have a question and it doesn't relate to today's content.
I currently contribute to a simple ira and with a company merger we will move to a 401k account.
Can I rollover from simple ira to 401k? Is there anything I should be aware of?
Thank you !
I said it on the original, and I'll say it here. Such ideas are dangerous, highly dangerous ... to the Wall Street wiseguys
why, if you pull money out, how they gon' keep there securities overpriced?
Stop it already. Ur making too much sense.
Please stop chasing squirrels😅