6 Withdrawal Mistakes That Ruin Retirements

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  • Опубликовано: 24 дек 2024

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  • @wealthychronicle-i1u
    @wealthychronicle-i1u 18 дней назад +105

    It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

    • @PorterWunt
      @PorterWunt 18 дней назад +3

      For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.

    • @Petroguest-i4g
      @Petroguest-i4g 18 дней назад +2

      It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

    • @Petroguest-i4g
      @Petroguest-i4g 18 дней назад +1

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Amy Lea Kohlert” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

    • @wealthychronicle-i1u
      @wealthychronicle-i1u 16 дней назад

      Thanks, i did a quick web search and i found Sharon, i hope she responds to my mail.

  • @Grace.h-t8o
    @Grace.h-t8o 29 дней назад +261

    Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

    • @Thompson-e7h
      @Thompson-e7h 29 дней назад +1

      as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

    • @Kin-28-8
      @Kin-28-8 29 дней назад +2

      Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

    • @Lewistonwilliams-f5i
      @Lewistonwilliams-f5i 29 дней назад +2

      this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

    • @Kin-28-8
      @Kin-28-8 29 дней назад +1

      Her name is Stacy Lynn Staples can't divulge much. Most likely, the internet should have her basic info, you can research if you like

    • @berniceburgos-
      @berniceburgos- 29 дней назад +3

      Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

  • @Susanhartman.
    @Susanhartman. Месяц назад +37

    The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

    • @91ScottieP
      @91ScottieP Месяц назад +6

      Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

    • @mikegarvey17
      @mikegarvey17 Месяц назад +5

      Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

    • @mariaguerrero08
      @mariaguerrero08 Месяц назад +4

      I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

    • @ThomasChai05
      @ThomasChai05 Месяц назад +4

      Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

    • @mariaguerrero08
      @mariaguerrero08 Месяц назад +3

      *Izella Annette Anderson* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @michaelt2974
    @michaelt2974 Месяц назад +30

    The key question that needs to be asked, though is do the people that don’t spend that much in their early retirement feel as though they missed out. If not, then they did the right thing. Maybe they were just happy living in more simple life.

  • @daniellinder7645
    @daniellinder7645 Месяц назад +21

    Hey Azul, we enjoy the videos. Could you possibly do a video on how many retirees manage their portfolios vs ones that use a financial planner? Also what strategy do they use when managing their own. Thanks

  • @DavidVanScoyk
    @DavidVanScoyk Месяц назад +7

    I just booked a Cruise for my whole family including 12 grandkids my wife and I looked at our finances and thought we could do it, Thanks for the advice

  • @myvalium1
    @myvalium1 Месяц назад +24

    Now two years into retirement, I’m beginning SS benefits next month at full retirement age. It’s an interesting phenomenon to realize that my wife and I can comfortably live with the majority of our expenses paid by social security. Part of the reason is because we’re finding that the “things” we thought were important years ago, are no longer worth spending the money on today. We’d rather take a road trip for a week or spoil our grandkids. No doubt there will be plenty left for our kids when we’re gone, and that feels fine to us.

    • @AAWGASHTADS
      @AAWGASHTADS Месяц назад

      Just a question - If you could afford to retire 2 years ago why didn't you pull your SS then ? I know it increased by waiting But you won't actually break even on what you didn't collect probably until you're 80 years old . If you were working the last 2 years I'd know why - to not be penalized .

    • @myvalium1
      @myvalium1 Месяц назад

      @ Good question. I was a CPA for 42 years so of course I approached this decision with a lot of thought and analysis. Bottom line, we didn’t need the money to pay expenses, and we’re both fortunate to be in good health. Our respective family longevity factors give us a good chance to live beyond the break even age.

    • @AAWGASHTADS
      @AAWGASHTADS Месяц назад +1

      @@myvalium1 Thanks for the response . I like getting different points of view . I have had some coworkers do similar based on some extreme longevity in their families . Living past 90 in good health as the norm I see as extreme .

  • @gmanblue2026
    @gmanblue2026 Месяц назад +9

    My parents spent more at the beginning of retirement. Took lots of vacations, bought a bigger house. And ended up bankrupt for 7 of the last 10 years of their lives. I need to leave a legacy for disabled relative, so I have no qualms about ending with more money than I need.

  • @TeresaMicheals
    @TeresaMicheals Месяц назад +37

    People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.

    • @camela8445Mar
      @camela8445Mar Месяц назад

      Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk

    • @ArianaFelicia-cw7oq
      @ArianaFelicia-cw7oq Месяц назад

      Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date

    • @Bigwilli123
      @Bigwilli123 Месяц назад

      Do you have any recommendations for a good investment advisor? I could really use some help

    • @ArianaFelicia-cw7oq
      @ArianaFelicia-cw7oq Месяц назад

      My CFA, Joseph Nick Cahill, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.

    • @Liamphotos
      @Liamphotos Месяц назад

      Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon

  • @Atwater20
    @Atwater20 Месяц назад +9

    Good video, Azul. I planned, before retirement, to have enough income to do what I want to do and still be able to put away money. That's the best plan, IMHO.

  • @jdear97
    @jdear97 29 дней назад +2

    My wife and I are working hard to switch our mindset to be able to spend. It is a massive shift. For over 30 years we have been saving and are in a great position, but boy do we struggle.

  • @X-7-JAMES
    @X-7-JAMES Месяц назад +7

    Azul is such a cool human. Appreciate you so much.

    • @robp9746
      @robp9746 Месяц назад

      Yeah, he seems like a cool dude.

  • @Carnakr1
    @Carnakr1 Месяц назад +4

    The go go age transitions into the slow go age that transitions into the no go stage. Spend and live your bucket list in the go go stage age 55-70 years old and the slow go age 71-85 years of age. Stages are multifactorial- from habits, emotions, physical ability, and courage and willingness to take risks.

  • @johngrubb5486
    @johngrubb5486 Месяц назад +12

    I am 63. I have an MBA and consider myself a medium to high earner/saver. I constantly run my income and budgets through financial models and through tax calculators. I have found the same results as Azul each and every time. Spend your 401k early, then turn on your SSAN at FRA or a little later if you need the income. If you don't, you will have huge tax burdens by about age 73. Bottom line...know your income and develop a very comprehensive budget. Also, Azul is correct..use your money early while you can enjoy it. You worked hard for it. Spend it at a lower tax bracket. Even if you pull more than you spend, throw the extra is a ROTH.

    • @glasshalffull2930
      @glasshalffull2930 Месяц назад +5

      Taking Social Security early, allowed me to retire several years earlier. Cant enjoy retirement if you’re not retired.

    • @johngrubb5486
      @johngrubb5486 Месяц назад +4

      @glasshalffull2930 I agree with you 100 percent. Unfortunately, my pensions are pretty large, and I have too much in my 410k. So, for me, I need to get rid of some 401k for a few years so that I can control my tax bracket in the future.

    • @CaptainDave05
      @CaptainDave05 Месяц назад

      @@johngrubb5486 Starting at age 70.5 you can make qualified charitable contributions from an IRA which can draw down the balance a bit, can count towards RMDs, and you get to deduct the amount as well if I understand the rules correctly. I think this year’s limit is $105k and is supposed to adjust upwards annually. (Not a professional, just hoping to have enough by then to be able to get a tax win and help make the world a better place.)

    • @haroldm4600
      @haroldm4600 Месяц назад +3

      @@johngrubb5486Oh, you’re so unfortunate!😉

    • @lordperilous
      @lordperilous Месяц назад

      John, I'm in a similar financial position (but no pension, and plan to retire at 60)- congrats! I haven't thought about your strategy of early 401k pull priority benefit vs RMD tax penalties. I'll have to run the numbers because most advice I have gotten is to leave my 401k/IRA as the last bucket to pull from (typically highest growth buckets) and take SS earlier due to the timeline to go positive (my budget in retirement won't require a lot of SS cushion). Thanks for your comment!

  • @bjh1284
    @bjh1284 Месяц назад +9

    How many retirees are compelled to leave an estate? Disabled or special needs child? Don't assume that retirees who don't spend their savings are crazy or spendthrift.

  • @sylviaskinner6849
    @sylviaskinner6849 16 дней назад

    Thank you for this advice. I just started watching you. I retired this year and I obsessively check my 401(k) to make sure it stays the same. I think I’m going to try to draw more next year for house repairs I have been able to travel, which is my first love.

  • @gregkloe
    @gregkloe Месяц назад +4

    I'll be spending down my assets, especially during the first five years until I start taking SS. My calculations have me spending about 1/3 of my retirement(not accounting for any growth)portfolio in those five years. Once I am on SS, those payments alone will finance my lifestyle and what is left in my portfolio can grow again. Also, there is a possibility that I will have some cash left after I sell my home and purchase the next one that I can use instead of drawing from my assets.

  • @1dash133
    @1dash133 Месяц назад +1

    Item No. 4: "Retirees with pension income least likely to spend down. Because they don't need to ... Those with pension income are more likely to have seen their assets increase and be optimistic about the future ..."
    True enough for me. Been retired for 7 years and except for one emergency expense ($250K withdrawal), I haven't needed to draw on the principal of my retirement account. And if I had another $250K emergency, it wouldn't bother me a whole lot, because I'm reasonably comfortable living off of my pension + S.S.

  • @robertmeyers3640
    @robertmeyers3640 Месяц назад +6

    We can live comfortably on our pensions (civil service, military and social security). We are taking RMDs but reinvesting into our taxable accounts that are now up to $250+k! . Our total net worth is over 2 million with 75% in investment accounts.
    We have been in all 50 states and 27 country’s since retirement and are slowing down s bit and spending less.
    Bottom line we’re happy and living comfortably so for good or bad, our kids will end up with most of it. I guess we could have ended much worse off so we are grateful for lives well lived.

    • @1dash133
      @1dash133 Месяц назад

      You should consider getting a financial advisor. Sounds to me like you're making a big mistake in taking your RMDs and then reinvesting them into taxable investments. You're getting double-taxed, first at withdrawal from your traditional IRA and second on any interest/gains earned after reinvesting the withdrawals. Can you imagine how much taxes you would have saved if you had reinvested your RMDs into a Roth non-taxable account? (Well, you can't ... but you could have mitigated the situation by planning ahead and starting a Roth conversion plan before the RMDs hit. And you CAN reduce your future problems by starting a Roth conversion plan now USING the RMDs to pay for the tax withholdings on said Roth conversions.)
      That's the road I was heading down until IRMAA hit me with penalties this year and caused me to re-look at my entire retirement plan. Now, I'm on a seven year Roth conversion plan (first three years committed, then re-evaluate based on whatever the latest tax brackets and IRMAA brackets are). After the seven years, my RMDs will go from a major investment issue to a minor investment issue. I'll have to evaluate whether it's worthwhile to consider additional Roth conversions. My guess is that it won't be ... but so much can change between now and then.

    • @robertmeyers3640
      @robertmeyers3640 Месяц назад

      @ I’ve rolled over 200k to Roth when we were deferring social security until 70 @ 12% tax rate. Our portfolio is spread over Roth, rollover and taxable accounts as 50/50 stocks to bonds. We’re in our 70s. The rollover Ira has bonds only and we are now in the 23% bracket so there is no incentive to do a Roth conversion since there is little growth in bonds and our tax rate will never be higher.

    • @1dash133
      @1dash133 Месяц назад

      @@robertmeyers3640 I thought you said that RMDs had contributed to an accumulation of $250K in a taxable account. Sorry for my misunderstanding.

    • @1dash133
      @1dash133 Месяц назад

      @@robertmeyers3640 I thought you mentioned accumulating $250K in taxable investments due to your RMD withdrawals. Please disregard my earlier comments.

  • @gregkloe
    @gregkloe Месяц назад +7

    Oh, and the first five years after retirement I will be spending much more money since I'm going to do the traveling then while I know I am healthy. I may still be fine at 70 and beyond, but I'm not taking the chance.

    • @lordperilous
      @lordperilous Месяц назад +2

      My retirement is planned to be the same with tons of travel until I can't any longer. Depending on the locations, I've discovered my at home (US) monthly spend is equivalent to 20-30% more than I need overseas (outside some of Western Europe). So my travel is slated to average the same or less than at home (my circumstance let's me travel with very little at home living costs). Have fun while you can, the future is never guaranteed! :)

  • @tonyclemens4213
    @tonyclemens4213 Месяц назад +6

    Wife and I have recently retired. Spend last winter in Portugal, this winter we are going to Greece. Had a health scare in my late 50's, hoping to die broke.

  • @patrickm6012
    @patrickm6012 Месяц назад

    Thank you for this video.

  • @tedlaurvik3765
    @tedlaurvik3765 Месяц назад +1

    In my browser there was no video to be selected up in the right upper corner (at the end of this interesting discussion).

  • @solracer66
    @solracer66 14 дней назад

    One issue that I’m going to run into in retirement is capital gains taxes. Because I’ve been very successful investing I have a situation where my assets are 95% capital gains. With then government wanting 15% plus another 3.8% over $200/250k and my state wanting 7% over $250k I’m going to be limited to pulling out less than $250k a year (some of that may be reinvested) which won’t burn down my principle much unless the market tanks. I’ll probably move overseas and maybe eventually change my citizenship so I can get the money out faster but that won’t happen overnight and in the meantime I won’t be spending as much as the numbers say I can.

  • @tajdvl-advocate6113
    @tajdvl-advocate6113 Месяц назад

    Spend down inflation adjusted principal, maybe. Maintain initial, unadjusted principal, better, especially if you have heirs. There is no guarantee that there won’t be a market event that spends your principal for you.

  • @hilinai10s
    @hilinai10s Месяц назад

    I’m debating retire earlier if i can keep costs down throughout retirement or retire later and i can splurge more. I’m getting to where getting more stuff or doing fancy things sounds rather empty, so i’m leaning toward retiring early, but maybe i need to try being a bigger spender before i knock it.

  • @Vanguard-c1u
    @Vanguard-c1u Месяц назад

    Our politicians are not doing anything about Social Security...and, there are major political road blocks developing! Private pensions have all but disappeared, public pensions (meant to reward people who sacrificed higher wages during their careers for the public good) are in jeopardy and, as Azul has noted in other videos, about half of Americans have no long term retirement plans.

  • @garykinard7553
    @garykinard7553 16 дней назад

    Yeah, I have friends with government pensions and good private pensions. The ones I know tend to spend more. Where as with me about 20 years ago (way late to the game) starting investing in an income fund. Now at about 114K with compounding. It is not near what they have. But, a secure monthly income never the less. I make it up in the market , having the most fun I have in retirement. Other than my hobbys. Best thing is have no debts what so ever.

  • @dforrest4503
    @dforrest4503 Месяц назад

    I’ll probably be in this boat, probably because I was so focused on saving and good market returns during my last ten years of working that by the time I was eligible for a pension and subsidized health care I had more than I thought. I did retire as early as I could, but I gain joy from things that aren’t that expensive. In summary, don’t think that not spending most of your nest egg means you’re missing out. Certainly if you want to travel or buy fancier things do so, but if they don’t give you joy -why?

  • @michaelwyman1187
    @michaelwyman1187 Месяц назад +1

    Good Morning!

  • @chrisforker7487
    @chrisforker7487 Месяц назад

    We struggle with my wife, who doesn’t want to spend anything and myself, that wants to enjoy the money we have worked so hard for.
    We can afford to do things and she always worries about running out of money. In 7 years of retirement, we have 35% more money than we did when I retired.

  • @JamesComstockCages
    @JamesComstockCages 26 дней назад

    Money is money, but it's tough to affix a dollar amount to the peace of mind and comfort from realizing that you can buy what you want, have money for your needs and can go out to dinner any time you like. If your IRA is still growing and you don't have the need to spend, so what? Security buys freedom from worry.

  • @williewonka6694
    @williewonka6694 Месяц назад

    Does the study correct the amount remaining for inflation??

  • @terismith4307
    @terismith4307 Месяц назад

    But when LTC companies are folding and raising premiums exorbitantly, you need money in the end, as you may have to give up the policy or you don’t have any other means for LTC.

  • @sharky6128
    @sharky6128 Месяц назад

    Hi i would love to see you add the chapters numbers for each point with a title for each chapter or point.

  • @2K_Unlimited
    @2K_Unlimited 28 дней назад

    If you have a retirement package or annuity separate from your 401K or personal assets, isn't that an asset that is being "spent down"? You can reduce it a little to grant your spouse survival benefits; but I've never seen one with payout to heirs based on whatever is left over.
    If that retirement annuity is 40% of what you want to budget for living in early retirement, and you create the other 60% with what you called a "dividend portfolio strategy"; then you might say you only lose 40% of your total portfolio when you die.
    I would call this a sad strategy compared with retiring earlier or doing more with your assets while you're alive to see the results. My siblings and I are in our 60's. I pray I don't see more than a few cents of what they earned, and I don't think our children will need much of ours 20 to 40 years from now either, although natural erosion of ability to keep up with inflation seems to be trying to change this for future generations.

  • @untouchable360x
    @untouchable360x Месяц назад +2

    7. If you don't withdraw early enough, you might end up with 18 years of payments.

  • @johnfallon6906
    @johnfallon6906 Месяц назад +2

    Allow The Capital To Be The Engine 🎯😉🎯

  • @tedlaurvik3765
    @tedlaurvik3765 Месяц назад

    I am still building wealth in my inherited IRA. I am still trying to figure out a budget in retirement. I am living off savings for now. Eventually we will live off of SS and savings.

  • @kingston24-x2h
    @kingston24-x2h 14 дней назад

    I am 64 and retired. I am blessed with a pension. With that, I am afraid to touch my 401K.

  • @Peterl4290
    @Peterl4290 Месяц назад +292

    These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.

    • @larrypaul-cw9nk
      @larrypaul-cw9nk Месяц назад +3

      Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

    • @sabastinenoah
      @sabastinenoah Месяц назад +2

      I completely agree; I am over 40 years old, recently retired, and have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!

    • @Jamaal67i
      @Jamaal67i Месяц назад +4

      As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?

    • @sabastinenoah
      @sabastinenoah Месяц назад +1

      ‘Annette Christine Conte is the licensed advisor I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @Jamaal67i
      @Jamaal67i Месяц назад +1

      Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

  • @andrewrobinson2565
    @andrewrobinson2565 25 дней назад

    Antidotally or anecdotally? 😊

  • @kwfannin
    @kwfannin 28 дней назад

    Some retires consider it a sin to spend down their assets. Seems silly to me. Leaving here with less and enjoying life is my goal.

  • @johnfallon6906
    @johnfallon6906 Месяц назад +1

    I’m 62 And Won’t Give Myself Permission To Spend Assets….. Kept Cash @ 10 years …Without S.S. 🧐😉🎯🤔😉🎯🙏

  • @Cormin
    @Cormin Месяц назад

    FYI the video in the corner didn't show up

  • @tim71pos
    @tim71pos Месяц назад

    It's not like you can carefully estimate your last 5 or 10 years of expenses due to the same unpredictability of health that he talks about. So when you spend more in early retirement you are really taking a gamble with whatever resources you may have as you get in firm. I can think of nothing worse than being a burden on my kid. And I've had my brushes with poverty. So thanks but no thanks. I'm in a position to turn the 401k into an annuity and funnel the social security into additional savings.

  • @felipeneto4203
    @felipeneto4203 Месяц назад +17

    If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation.

    • @jameslongwell5025
      @jameslongwell5025 Месяц назад +1

      Waking up every 14th of each month to $30,000 it's a blessing to I and my family... Big gratitude to Ricky Wen 🙌

    • @sky9935
      @sky9935 Месяц назад +1

      Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

    • @joshraphaelbatusin933
      @joshraphaelbatusin933 Месяц назад +2

      Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Ricky wen, has been an amazing experience.

    • @heidvsjekdndjdfjcc2837
      @heidvsjekdndjdfjcc2837 Месяц назад +1

      I'm favoured, $4,000 every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Mr Ricky Wen

    • @lucassilvaoliveira6064
      @lucassilvaoliveira6064 Месяц назад +1

      Good day all👍🏻from Australia 🇦🇺 I have read a lot of posts that people are very happy with the financial guidance he is giving them! What way can I get to him exactly ?

  • @Cynicalgeek743
    @Cynicalgeek743 19 дней назад

    Spend, spend, spend or you’ll be sacrificing unnecessarily. I cry BS on that. Consumerism is not a religion and money most certainly doesn’t bring you happiness let alone the useless stuff we are told to value. Tell me this, is a $10 knock-off of a $1000 handbag any worse than the “original” (mostly reworking of age old designs, in any event). Often they’re made at the same factory. Does a $500 bottle of wine taste better than a $50 bottle; not to most people. Do you get more enjoyment from a $250 meal than from a $30 meal; perhaps once in a while but not every day. If you want to spend what you have earned, do something positive with it not just relentlessly and meaninglessly splurging in an orgy of self-gratification.

  • @pubmeatman
    @pubmeatman Месяц назад

    I wouldn’t feel comfortable if my portfolio didn’t keep up with inflation. After 5 years retired so far so good.

  • @timsilva1944
    @timsilva1944 Месяц назад +2

    @:28 antidodelly...?
    Anecdotally perhaps.

  • @Atwater20
    @Atwater20 Месяц назад +2

    The biggest cause of women having less money in retirement is the fact they work in fields that pay less. Very few women in engineering, computer programming, aerospace, etc.

  • @mikehogan1827
    @mikehogan1827 Месяц назад

    Anecdotally

  • @Cenlalowell
    @Cenlalowell Месяц назад +1

    Dividend portfolio? New video suggestion....

    • @brianmcg321
      @brianmcg321 Месяц назад

      That doesn’t make any difference.

    • @HondaRally300
      @HondaRally300 Месяц назад

      That would really interest me

  • @bobbarker1476
    @bobbarker1476 16 дней назад

    BlackRock? Ok

  • @AnotherHomeChef
    @AnotherHomeChef Месяц назад

    “Antedotally?!”

  • @cyclops9125
    @cyclops9125 Месяц назад

    Don’t tell them , let the fools keep working

  • @que2h.690
    @que2h.690 Месяц назад

    You had me until about minute 12 till the end . Then you appeared to contradict your statement the beginning. Oh...& I'm female. 😂

  • @RodNiy-dr5no
    @RodNiy-dr5no Месяц назад +17

    I'm 51yrs old. $40,000 weekly and *I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I am today!!!!* ❤️

    • @CharlesJaxon
      @CharlesJaxon Месяц назад +2

      Hello how do you make such?? I'm a born Christian and sometimes I feel so down myself because of low finance but I still believe in God

    • @Darlenegay-du7ke
      @Darlenegay-du7ke Месяц назад

      It's Maria Frances Hanlon doing, she's changed my life.

    • @MaddisonAndrew
      @MaddisonAndrew Месяц назад +1

      Same here
      waking up every 14th of each
      month to 210,000 dollars it's a blessing to l and my family... I can now retire knowing that I have a steady income❤️Big gratitude to
      Maria Frances Hanlon

    • @RobertHohn
      @RobertHohn Месяц назад

      Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Maria Frances Hanlon.

    • @serious_as_a_heart_attack
      @serious_as_a_heart_attack Месяц назад +8

      This is a scammer thread I would never use anyone recommended in this disingenuous way.

  • @YaoAnne-j7g
    @YaoAnne-j7g Месяц назад +1

    !I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.

    • @SonyaYeva
      @SonyaYeva Месяц назад

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..

    • @HaholBarton
      @HaholBarton Месяц назад

      I don't really blame people who panic. Lack of
      information can be a big hurdle. I've been
      making more than $200k passively by just
      investing through an advisor, and I don't have
      to do much work. Inflation or no inflation, my
      finances remain secure. So I really don't blame
      people who panic.

    • @SonyaYeva
      @SonyaYeva Месяц назад

      Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

    • @YaoAnne-j7g
      @YaoAnne-j7g Месяц назад

      how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??

    • @SonyaYeva
      @SonyaYeva Месяц назад

      look up her name on the web for her website.

  • @termita358
    @termita358 Месяц назад +3

    There is no gender pay gap Azul. Stop it with that lie. You know it, it has been debunked for a long time already. In fact skill for skill women make more money. You are such a product of the system 😂😂😂

  • @TechMule59
    @TechMule59 Месяц назад +6

    Please, please, please... STOP saying "I've been a financial advisor for over 20 years" We know already and it gets old.

    • @D.BlueGreen
      @D.BlueGreen Месяц назад +20

      There are always new viewers.

    • @CarlKnipe
      @CarlKnipe Месяц назад +8

      Lighten up.
      Smile
      Enjoy

    • @briankoenig8923
      @briankoenig8923 Месяц назад +2

      @TechMule59 I suggest studying and applying the Serenity Prayer. Also, you forgot that Azul is "a fee only" financial advisor.

    • @brianmcg321
      @brianmcg321 Месяц назад +2

      As a commenter for over 20 years, I agree.

    • @curtisrandolph1887
      @curtisrandolph1887 Месяц назад +2

      Chill

  • @ElenaChavez-eb4cr
    @ElenaChavez-eb4cr Месяц назад

    Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus has lifted up my Life!!! 🙏🏽❤️❤️

    • @harichandrakhandate4582
      @harichandrakhandate4582 Месяц назад

      Sounds good,how do you do that? I'm interested,how do I go about getting started?

    • @harichandrakhandate4582
      @harichandrakhandate4582 Месяц назад

      Do you invest with a professional broker??I'd appreciate it if you show me how to go about it.

    • @ElenaChavez-eb4cr
      @ElenaChavez-eb4cr Месяц назад

      It's Geraldine Ann Philips doing she's changed my life. A BROKER- like her is what you need.

    • @EdsonMachado-k7x
      @EdsonMachado-k7x Месяц назад

      Her top notch guidance and expertise on digital market changed the game for me.

    • @EdsonMachado-k7x
      @EdsonMachado-k7x Месяц назад

      YES!!! that's exactly her name (Mrs Geraldine Ann Philips) so many people have recommended highly about her and I'm just starting with her from United States'of America, Florida 🇺🇲

  • @PASCALDAB
    @PASCALDAB 26 дней назад +5

    People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.

    • @DonaldStokes-p
      @DonaldStokes-p 26 дней назад +4

      The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

    • @SeanTalkoff
      @SeanTalkoff 26 дней назад +2

      It's recommended to save at least 20% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so may ways! She has upscaled my portffolio and even got me reading self help books haha

    • @Tonyrobs2
      @Tonyrobs2 26 дней назад +1

      That's an intriguing outcome. How can I contact your Asset manager?

    • @SeanTalkoff
      @SeanTalkoff 26 дней назад +1

      'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

    • @Tonyrobs2
      @Tonyrobs2 26 дней назад +1

      Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.