Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
@@BogumilTanski I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
@@JasonsHortons Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@MercuriosBakers MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
It's not about 'replacing your income', it's about covering your expenses. My income is massive right now, but I do NOT need to replace it, I only need to able to cover my expenses for the next 30 to 40 years.
It's enticing to consider purchasing some stocks in this bull run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
These seven are critical questions we need to ask ourselves. Though I don't believe we need to answer 'yes' to them all, we should be aware of the issues and account for them. I still haven't figured out what to do in retirement (and have been retired for four years now) , but then I never figured out what I wanted to be when I grew up either. Thank you. The video is a great resource for those contemplating retirement and reassuring for many who have already taken that step.
Hi Ari, I get what you're saying about early retirement, but it’s hard to believe someone with 20 million worries about it. We all have our own flavors in life, though! For me, the best part of retirement is reclaiming my time. Saying goodbye to the 9-to-5 grind and W2 obligations has brought me so much freedom. It's liberating not to punch a clock and just enjoy each moment on my terms. That freedom is worth more than any dollar amount!
We left our day jobs at 28 with a couple million in net worth mainly made up of real estate. Since then our net worth has more the doubled. When you can focus 100% of your efforts on your finances it has no choice but to grow. Liked the video. Keep up the good work.
I feel special. U used my question. 🎉🎉😂😂. I can't answer yes to all 7. Im on track to hit $2.5 Milly by age 60. Once i hit $2.5 i will retire no matter what age. 💪🏾💪🏾💪🏾💪🏾💪🏾
Working on my vacation days, not because I have to, rather because I want to. Feeling very fortunate, while prepared to be let go by the company at anytime. I started from having less than nothing, and am confident in my ability to live simply or lavishly according to my giant spreadsheet 😅
Ari, is it replacing the income or having enough to cover expenses (budget)? What about those that were big savers that spent much less than their income and continued with a much lower budget in retirement than the total income they had before retirement?
I wouldn’t reallocate investment funds based purely on geography. Large cap US companies by and large are multinational and therefore inherently globally diversified.
Don’t be so conservative you work unnecessarily and sacrifice health. I do a one-time optimization call and you can email me to get on the waitlist for this: calendly.com/ari-financialplanning/powerplanningmeeting?month=2024-11
@@GTB1If you watch his channel more, you'll see it's well worth it, especially if you have at least a million dollars in assets and)or great lifetime income earnings potential.
![I'm 50 with $1 Million | Can I Retire Early? [Case Study]](http://i.ytimg.com/vi/4S2Hk_LgSKk/mqdefault.jpg)
Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
@@BogumilTanski I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
@@JasonsHortons Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@MercuriosBakers MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
@@JasonsHortons Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
It's not about 'replacing your income', it's about covering your expenses. My income is massive right now, but I do NOT need to replace it, I only need to able to cover my expenses for the next 30 to 40 years.
It's enticing to consider purchasing some stocks in this bull run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Scam
These seven are critical questions we need to ask ourselves. Though I don't believe we need to answer 'yes' to them all, we should be aware of the issues and account for them. I still haven't figured out what to do in retirement (and have been retired for four years now) , but then I never figured out what I wanted to be when I grew up either. Thank you. The video is a great resource for those contemplating retirement and reassuring for many who have already taken that step.
Hi Ari, I get what you're saying about early retirement, but it’s hard to believe someone with 20 million worries about it. We all have our own flavors in life, though! For me, the best part of retirement is reclaiming my time. Saying goodbye to the 9-to-5 grind and W2 obligations has brought me so much freedom. It's liberating not to punch a clock and just enjoy each moment on my terms. That freedom is worth more than any dollar amount!
We left our day jobs at 28 with a couple million in net worth mainly made up of real estate. Since then our net worth has more the doubled. When you can focus 100% of your efforts on your finances it has no choice but to grow. Liked the video. Keep up the good work.
Thank you
@@earlyretirementari my pleasure.
I feel special. U used my question. 🎉🎉😂😂. I can't answer yes to all 7. Im on track to hit $2.5 Milly by age 60. Once i hit $2.5 i will retire no matter what age. 💪🏾💪🏾💪🏾💪🏾💪🏾
Nice! How old are you now?
@ericmichel3857 48. turn 49 in 2 months
what am I going to do, Ari? finally install that Whipple Superchargers Stage 1 intercooler in the 'Stang, for starters. 😂
I’d check out the Rousch package, dual pass intercooler and standalone engine management personally 😉🫡
Working on my vacation days, not because I have to, rather because I want to. Feeling very fortunate, while prepared to be let go by the company at anytime. I started from having less than nothing, and am confident in my ability to live simply or lavishly according to my giant spreadsheet 😅
Ari, is it replacing the income or having enough to cover expenses (budget)? What about those that were big savers that spent much less than their income and continued with a much lower budget in retirement than the total income they had before retirement?
Thanks for listing the time index to each question !!! :)
I wouldn’t reallocate investment funds based purely on geography. Large cap US companies by and large are multinational and therefore inherently globally diversified.
That argument is tired....
That's not the same thing and if you look into it more you'll see the partial error in that thinking.
Great stress test question! If unlucky.
Number 7 hits the nail on the head. Feel like a ping pong ball…
My wife and I have $3M net assets plus a $800K house fully paid off. I am 47 and scared of catastrophic events in question 5 so I am still working...
Don’t be so conservative you work unnecessarily and sacrifice health. I do a one-time optimization call and you can email me to get on the waitlist for this: calendly.com/ari-financialplanning/powerplanningmeeting?month=2024-11
Bro.....retire. unless you like work.
@@earlyretirementari $5,000 for 90 minutes with you??? Really?
@@GTB1If you watch his channel more, you'll see it's well worth it, especially if you have at least a million dollars in assets and)or great lifetime income earnings potential.
@@GTB1 crazy! I guess people pay it.
Um yes and no
Healthcare is going to be a huge issue once the ACA is dismantled and Project 2025 gets rolling!
Oh stop! Lol