While most of us really appreciate your real-world scenarios, please understand that the vast majority of us who are watching these videos do not have a Pension. Scenarios without a Pension help aid us with better Apples to Apples comparisons.
I have many case studies without pensions. This was a case study for a specific couple where the pension is an aspect of the plan. Here’s a case study without a pension: ruclips.net/video/bd7555enIlw/видео.htmlsi=PQe_wMTkF6uIIh30
Great case study - thank you! Love the software and am going to have to join. Question on this one. Why did the withdrawal rate spike up so much in the last two years of the plan? I must have missed that.
Great info - thanks! Question about the tool: About 10m into the video you discuss Healthcare and add it as an expense by editing an Action Item. Is this something we have access to in the Academy early retirement tool, or is this something you/my advisor would need to do?
in addition to Ari's video link he shared, I'll add that if your expenses are low (no mortgage, no other big debts, etc.), it can make sense if you'll be staying in the 10% and 12% tax brackets. just an observation.
You have to ensure your company allows periodical 401k distributions before the age of 59.5. The rule of 55 is a tax law that saves you from early withdrawal penalties. But some companies do not want to deal with distributions and only allow you to do a single distribution for the entire account which creates a tax bomb. There is a provision 72(t) that allows you to take at least 5 periodic yearly distributions from a tax-advantaged retirement account. But the amounts are rigid based on your life expectancy and other IRS specified factors. So it requires a CPA/advisor to be done correctly. The superhero account is the best way to go despite some tax inefficencies.
It does NOT, so you want to include separately because a mortgage expense eventually goes away when other expenses may not so you want to include separately so you don't double-count expenses throughout retirement. You can fully customize the software.
Hi Ari, I guess you never read my prior comment. You are Vice President of Root. What is Root? It would be nice to share the real full name of the Company and not use jargon. My 2 cents.
Ari, Thank you very much for this case . It is the first that I've found that comes close to resonating with my situation.
You’re very welcome. The other comments feel different 😅
While most of us really appreciate your real-world scenarios, please understand that the vast majority of us who are watching these videos do not have a Pension. Scenarios without a Pension help aid us with better Apples to Apples comparisons.
I have many case studies without pensions. This was a case study for a specific couple where the pension is an aspect of the plan. Here’s a case study without a pension: ruclips.net/video/bd7555enIlw/видео.htmlsi=PQe_wMTkF6uIIh30
Maybe they can do a poll for who has pensions?
Are you in the academy?
Well we are
@@michellegreen1072 I have a 3k / month pension, with a COLA, and an IRA that could fuel Roth conversion, and some Superman money...
One time spending ideas for children: wedding, college, house down payment, monthly allowance, car, student loans
Great ideas
Thank for the pension case study!
You’re welcome!!
I want to retire earlier. Hubby wants to not retire retire ever. 😂😂
That's drama not money - call Dave Ramsey
Can they financially retire? Of course. It’s the mental, social, purpose aspect that gets us and is not for everyone. -Early retiree
Yes.
Getting the leaches off the payroll! LOL!!!
HA
Thanks for this video. I have a pension and very few videos on RUclips talk about retirement with pensions.
Thank you for letting me know, the other comments are less kind - HA!
Great case study - thank you! Love the software and am going to have to join. Question on this one. Why did the withdrawal rate spike up so much in the last two years of the plan? I must have missed that.
Long term care planning. They want a nice place :). Enjoy!
@@earlyretirementari thank you for the confirmation. I do recall seeing and hearing that but forgot about it when I looked at the graphic. Great job.
Great video! Are the cash flow charts inflation adjusted? Thank you!
You can toggle a button to switch in between.
The “future dollars” toggle
@@michellegreen1072 you’re the best Michelle! Thank you for informing everyone:)
Great info - thanks! Question about the tool: About 10m into the video you discuss Healthcare and add it as an expense by editing an Action Item. Is this something we have access to in the Academy early retirement tool, or is this something you/my advisor would need to do?
You would have access to in the academy like this: ruclips.net/video/NyZQsfvXl2w/видео.html
i am curious on your thoughts when it makes sense to use the rule of 55.
Here you go: ruclips.net/video/rHxl2h2F8WA/видео.htmlsi=WTiEHnk7sKkvGEsp
In short - When you retire at 55 and you got no brokerage account to pull money from.
in addition to Ari's video link he shared, I'll add that if your expenses are low (no mortgage, no other big debts, etc.), it can make sense if you'll be staying in the 10% and 12% tax brackets. just an observation.
You have to ensure your company allows periodical 401k distributions before the age of 59.5. The rule of 55 is a tax law that saves you from early withdrawal penalties. But some companies do not want to deal with distributions and only allow you to do a single distribution for the entire account which creates a tax bomb.
There is a provision 72(t) that allows you to take at least 5 periodic yearly distributions from a tax-advantaged retirement account. But the amounts are rigid based on your life expectancy and other IRS specified factors. So it requires a CPA/advisor to be done correctly.
The superhero account is the best way to go despite some tax inefficencies.
With this software, does the monthly retirement expenses include a mortgage payment (let’s say a mortgage is still owed and set up in the software)?
It does NOT, so you want to include separately because a mortgage expense eventually goes away when other expenses may not so you want to include separately so you don't double-count expenses throughout retirement. You can fully customize the software.
@@earlyretirementari thank you!
If they only have $300k in their brokerage account how are they ending up with so much at end of life?
Hi Ari, I guess you never read my prior comment. You are Vice President of Root. What is Root? It would be nice to share the real full name of the Company and not use jargon. My 2 cents.
www.rootfinancial.com
16 minutes 😂😂😂😂 the answer is yes ans needs no further information