I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated.
@@alyciagordon3447 Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Alexandra Diana Jose) a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.
@@alyciagordon3447 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.
The tax break if higher earner is one of the best reasons to keep putting in the max. But it is hard to make 8%. I've been saving all my life and it did not grow like all the experts said it would unfortunately.
a flaw with this type of analysis is that stock returns are not evenly distributed and reality does not perform like an Excel function. 7-8% is roughly correct as a long-term US market average. but not over all periods, S&P 500 averaged only 5.4%/yr from 2000 to 2020. see "Bonds Beat Stocks Over the Last 20 Years", NY Times, May 1, 2020 the overall US market was nearly flat from 1966 to 1982, and from 2000 to 2012. anyone who stopped saving for retirement in 1999 thinking they had enough assets saved up and could just relax and watch it grow, would be in for an unpleasant surprise over the next few years.
If you decide to use the 4% safe withdrawal rate, it takes that into account. It takes into account the every one of your examples and worst of the worst for market performance including the great depression and the hyperinflation and poor performance of the late 60's and 70's. People have been saying "this time is different" for decades but it never comes close to those 2 periods. The government has a much tighter grasp of economic levers these days
I agree with you 100 percent. Now in my early 60's, I retired last year. Currently, my monthly bills are fully paid using only my pension and social security. The $400,000, in my retirement accounts is, just for fun now and any financial needs that, I might have in the future (smile ... smile).
Hello , thank you for your time , one quick question for you , I’ve been at my job for 43 years, should I stop putting in my 401k plan 3 years before I retire so the use those three last years with out 401k withholding so my wages are at a high point ? Or do the go by you gross pay ? Thanks
This was nice but, next time use a more realist example such as, someone starts investing for retirement at age 30 after 20-years at age 50 and again at 60, what do they have? This is because most people who start saving in their 20's, really want to retire in their 50's, and people that delay saving until their 40's, know they will need to work until their 60's. Now in my early 60's, I retired last year. The company that holds my 457 plan funds told me that as a retiree, I am no longer permitted to make any future contributions (smile ... smile).
@@bruced.370 Thanks for sharing. An early congratulations and I’m sure you’re excited. Let me know if there’s another video that would be most helpful as you’re just a few years out from telling others how you did it!
Just subscribe to your channel Would you recommend brokerage (no transaction fees/ Ameritrade ) account to be managed by myself and start buying index funds or go through My bank (chase or b of a) ? Which cost cheaper, fyi I maxed my 401 k contributions
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this.
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated.
Couldn’t agree more. Thanks for sharing David!
@@alyciagordon3447 Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Alexandra Diana Jose) a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.
@@davidreus9321 please how do i get in touch with her.
Impressive. Would you mind sharing some more details. I’d like to have a talk with her.
@@alyciagordon3447 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.
The tax break if higher earner is one of the best reasons to keep putting in the max. But it is hard to make 8%. I've been saving all my life and it did not grow like all the experts said it would unfortunately.
a flaw with this type of analysis is that stock returns are not evenly distributed and reality does not perform like an Excel function. 7-8% is roughly correct as a long-term US market average. but not over all periods, S&P 500 averaged only 5.4%/yr from 2000 to 2020. see "Bonds Beat Stocks Over the Last 20 Years", NY Times, May 1, 2020
the overall US market was nearly flat from 1966 to 1982, and from 2000 to 2012. anyone who stopped saving for retirement in 1999 thinking they had enough assets saved up and could just relax and watch it grow, would be in for an unpleasant surprise over the next few years.
Thank you!
If you decide to use the 4% safe withdrawal rate, it takes that into account. It takes into account the every one of your examples and worst of the worst for market performance including the great depression and the hyperinflation and poor performance of the late 60's and 70's. People have been saying "this time is different" for decades but it never comes close to those 2 periods. The government has a much tighter grasp of economic levers these days
I agree with you 100 percent. Now in my early 60's, I retired last year. Currently, my monthly bills are fully paid using only my pension and social security. The $400,000, in my retirement accounts is, just for fun now and any financial needs that, I might have in the future (smile ... smile).
It’s definitely time to retire when your retirement advisor looks 15!😅
Thanks for the food for thought.
You’re welcome, Wendy!
Great information! Thanks for sharing
Thank you!
Hello , thank you for your time , one quick question for you , I’ve been at my job for 43 years, should I stop putting in my 401k plan 3 years before I retire so the use those three last years with out 401k withholding so my wages are at a high point ? Or do the go by you gross pay ? Thanks
This was nice but, next time use a more realist example such as, someone starts investing for retirement at age 30 after 20-years at age 50 and again at 60, what do they have? This is because most people who start saving in their 20's, really want to retire in their 50's, and people that delay saving until their 40's, know they will need to work until their 60's. Now in my early 60's, I retired last year. The company that holds my 457 plan funds told me that as a retiree, I am no longer permitted to make any future contributions (smile ... smile).
I could stop contributing to retirement accounts soon…my focus then will be getting these dollars to Roth accounts
Wonderful. Converting to Roth or contributing to brokerage (or both) can be an incredible way to create more tax-free income.
When you win the game you stop playing 🤑
Well said Bruce! What age did you stop saving new dollars towards retirement accounts?
@@earlyretirementari 57. Building cash and out in 3 years.
@@bruced.370 Thanks for sharing. An early congratulations and I’m sure you’re excited. Let me know if there’s another video that would be most helpful as you’re just a few years out from telling others how you did it!
Just subscribe to your channel
Would you recommend brokerage (no transaction fees/ Ameritrade ) account to be managed by myself and start buying index funds or go through My bank (chase or b of a) ?
Which cost cheaper, fyi I maxed my 401 k contributions
Thank you for supporting the channel!
TD Ameritrade will likely have the lowest cost compared to going to a bank.
Never had a job that paid enough to start, I'm old now and it doesn't matter. The American Dream 😂