Ari, your presentations are heads above the competition because you explore every day expenses, goals like travel and charity, moving, major expenses, and so on. So much more than projecting the monthly expenses as if nothing else will change along the roller coaster of life. Thanks for keeping it real!
I have been listening to your channel and I would like to thank you for making all this video. I learned a lot . Me and my wife have plans to retire early and we will be your future clients when that time comes.
I really think only safest way to retire is to only spend the income you get from social security and dividends / interest payment from your holdings. This will guarantee that you will not run out of funds prior to your death.
Would the scenario be different if the individual had a pension of $7k a month and only touched 4% of the 1 million 401K? I never see videos taking pensions into accounts
Question on Roth or Traditional in states that don't tax 401k withdrawals. My husband retired recently and I plan to work for a few more years. I was considering switching to Roth 401k since we'll be in a lower income bracket with only my income. This is the same bracket I expect to be in during retirement. But, our state (Iowa) does not tax 401k withdrawals, so if I go to a Roth I'll be paying state tax now but i wouldn't pay state tax on that income at all if I stay with traditional. We'll be 55 and 53 when I stop working, so we'd have some time for Roth conversions if needed. Thoughts?
Ari, I really like your videos. I do have one question about this case study: where is someone (assuming that they are going through ACA) at their income level going to get health insurance for $500 a month? I know there is a tax credit at least through the end of 2025, but with their income, I can't see them getting insurance for less than $700 a month unless their marketplace has lower rates.
So ... what happens when you apply the "smile spending" to their original assumptions of 59 / 6k/mo? You showed their ideas linearly, then your suggestions linearly, then some suggestions with SMILE. Seems like a whole quadrant of data is missing!
Two possibilities: either he is so used to talk about couples, reason why he tends to say they, or the client is maybe non-binary and therefore goes by they.
I'm 36 and I'm living off 3% etf dividends for life with a good dividend growth rate that keeps up with inflation. 0% tax on qualified dividends in my taxable brokerage for my tax bracket. Portfolio keeps going up too. Never running out of money and my Roth IRA keeps on growing if I need to pull from it at age 59.5, pension at age 65.
@relbik66 I bought a rental in 2011 and another in 2012, then another in 2018. Sold the two earlier rentals this year and with withdrawing 3% in dividend income from my dividend ETFs, I'm pulling $65k a year which is more than enough for my $60k per expenses in a suburb near Seattle. I do recreational employment now if I want to. It was through hard work and diligence. No inheritance.
@@relbik66 Works great until we have another 2000/1 or a 2008/9 or God forbid 1929 - and brother it's coming we are $36T in debt racking up another $1T every 90 days - we're broke kids and it doesnt feel like it yet and there are trillions of excess cash sloshing around the market which is why the stock market is totally disconnected from the macro but that "money" is DEBT not MONEY and when the credit dries up this economy stops and then the wheels come off. No one knows the time or day but it's not 10yrs away, we'll probably be darned lucky to make it through Trumps next 4 yrs... get defensive folks and buy ASSETS preferably income producing assets. Not investment advice, financial survival advice - diversify and buy assets.
Ari, your presentations are heads above the competition because you explore every day expenses, goals like travel and charity, moving, major expenses, and so on. So much more than projecting the monthly expenses as if nothing else will change along the roller coaster of life. Thanks for keeping it real!
I have been listening to your channel and I would like to thank you for making all this video. I learned a lot . Me and my wife have plans to retire early and we will be your future clients when that time comes.
@@5guwapo thank you!
@ari did I miss his SSN benefit somewhere? I’m use to seeing a bump at 62 or 67 when they start to draw, but didn’t notice it in this review?
Some people may prefer to lead a simple retirement and not spend a lot of money. Healthcare is an issue, but everything else we can control.
@@jessepotter365 well said
@Ari - I feel seen! Finally the retirement smile!! 🤪
I really think only safest way to retire is to only spend the income you get from social security and dividends / interest payment from your holdings.
This will guarantee that you will not run out of funds prior to your death.
one day it'll be my case study. but not today
Would the scenario be different if the individual had a pension of $7k a month and only touched 4% of the 1 million 401K? I never see videos taking pensions into accounts
@@arnoldgonzalez9024 many of my videos show pensions!
Ari, we can't do the modeling you show because we do not have the ability to edit the Action Irems in our version of the software.
Yes you can. Make sure to follow the instructions in the course and don’t skip right to the software!
As a single 56 year old, $6k/year seems pretty generous in spending to me, but I live in the Midwest.
Question on Roth or Traditional in states that don't tax 401k withdrawals. My husband retired recently and I plan to work for a few more years. I was considering switching to Roth 401k since we'll be in a lower income bracket with only my income. This is the same bracket I expect to be in during retirement. But, our state (Iowa) does not tax 401k withdrawals, so if I go to a Roth I'll be paying state tax now but i wouldn't pay state tax on that income at all if I stay with traditional. We'll be 55 and 53 when I stop working, so we'd have some time for Roth conversions if needed. Thoughts?
Was Social Security included in the projections ?
you kept the most aggressive investment plan checked.......
Ari, I really like your videos. I do have one question about this case study: where is someone (assuming that they are going through ACA) at their income level going to get health insurance for $500 a month? I know there is a tax credit at least through the end of 2025, but with their income, I can't see them getting insurance for less than $700 a month unless their marketplace has lower rates.
So ... what happens when you apply the "smile spending" to their original assumptions of 59 / 6k/mo?
You showed their ideas linearly, then your suggestions linearly, then some suggestions with SMILE. Seems like a whole quadrant of data is missing!
You said the real life example was a single man, but you keep saying “they” throughout. Just makes me think it’s not actually a real life example.
Two possibilities: either he is so used to talk about couples, reason why he tends to say they, or the client is maybe non-binary and therefore goes by they.
I'm 36 and I'm living off 3% etf dividends for life with a good dividend growth rate that keeps up with inflation. 0% tax on qualified dividends in my taxable brokerage for my tax bracket. Portfolio keeps going up too. Never running out of money and my Roth IRA keeps on growing if I need to pull from it at age 59.5, pension at age 65.
How much is your 3% per year? Sounds like you inherited a lot?
@relbik66 I bought a rental in 2011 and another in 2012, then another in 2018. Sold the two earlier rentals this year and with withdrawing 3% in dividend income from my dividend ETFs, I'm pulling $65k a year which is more than enough for my $60k per expenses in a suburb near Seattle. I do recreational employment now if I want to. It was through hard work and diligence. No inheritance.
@@relbik66 Works great until we have another 2000/1 or a 2008/9 or God forbid 1929 - and brother it's coming we are $36T in debt racking up another $1T every 90 days - we're broke kids and it doesnt feel like it yet and there are trillions of excess cash sloshing around the market which is why the stock market is totally disconnected from the macro but that "money" is DEBT not MONEY and when the credit dries up this economy stops and then the wheels come off. No one knows the time or day but it's not 10yrs away, we'll probably be darned lucky to make it through Trumps next 4 yrs... get defensive folks and buy ASSETS preferably income producing assets. Not investment advice, financial survival advice - diversify and buy assets.