I was searching FIRE and you came up. So happy you did! My husband and I are 27/28. This is sobering information but also gives me a new view of what early retirement can look like
Retired originally at 57 YO. 1. you won’t need as much $ in retirement as you think you do. 2. full time employment way over rated. 3. A PART TIME job after retirement can be a game changer: more financial options; more social interaction; your time off becomes extra special… IMO
True I’ve seen it first hand even though I’m only 40. My grandfather is 93 and still working at a very minimal amount …granted he has his own architecture business. But he loves the relationships, maintaining his mental state, and finding value in his downtime. No need to plan on sitting around - nobody does
Awesome Video Ari, and really look forward to our scheduled call. Just the fact that you send out these prep video is making feel better about using the techniques I learned from James's Video "How do I fire my Financial Advisor"!
Ari, good video again. Please on a future video share your opinion about using cash equivalent bucket and/or also a Fixed income bucket to solve for sequence of return risks with equities. So one hopefully never has to draw from stocks if market is down. Rich
@earlyretirementari If you do a video on the bucket strategy, will it focus on using the buckets as years of income? Like a 3, 5, and 10 year bucket set up. Thanks
Very helpful Ari. I'll be 62 next month. Planning to retire next year and all of my savings is in a workplace 401K. You have convinced me that I should do a Roth conversion on at least a chunk of what I have while the market is down. Thanks for your easy to understand videos.
Great information. Always enjoy and learn from your videos. Thank you for helping us understand what we need to do and preparing for our five year plan. We are working on growing our emergency fund and paying off as much debt as possible to get it where social security will govern 75-80 percent of our expenses.
Have enough income/cash til you can withdraw from retirement accts without penalty until you can drw social security. Figure out whether this is enough income (in all 3 stahes)
Hi again from Cleveland, Ari. Perhaps a very odd question, but here goes. I retired in 2017 at age 53 and have based my withdrawal strategy on the value of my portfolio when I retired. My portfolio has grown significantly since 2017. I'm guessing portfolio withdrawal rates should actually be based on current account values, and adjusted as necessary through market fluctuations? And to follow up on a previous message exchange we shared, I am paying myself a bit more this year and next from the sale of a portion of my taxable account. I'm taking a "hit" by losing my ACA subsidy this year, (a bit of a mental hurdle for sure), but trying to give myself permission to spend some more money on travel and life experiences. Appreciate your content as always. Thanks.
Wonderful job on your videos. Battling the “one more year” is the hardest thing when considering retirement. That leap of faith is always a struggle.
Thane you !
Thanks Ari for all the valuable information....another great video!
I was searching FIRE and you came up. So happy you did! My husband and I are 27/28. This is sobering information but also gives me a new view of what early retirement can look like
That’s why I do it!
Retired originally at 57 YO. 1. you won’t need as much $ in retirement as you think you do. 2. full time employment way over rated. 3. A PART TIME job after retirement can be a game changer: more financial options; more social interaction; your time off becomes extra special… IMO
True I’ve seen it first hand even though I’m only 40. My grandfather is 93 and still working at a very minimal amount …granted he has his own architecture business. But he loves the relationships, maintaining his mental state, and finding value in his downtime. No need to plan on sitting around - nobody does
Awesome Video Ari, and really look forward to our scheduled call. Just the fact that you send out these prep video is making feel better about using the techniques I learned from James's Video "How do I fire my Financial Advisor"!
Sounds great!
More Roth conversion in down market is brilliant!
Thank you!
It is good to do Roth conversions when the market is down.
Ari, good video again. Please on a future video share your opinion about using cash equivalent bucket and/or also a Fixed income bucket to solve for sequence of return risks with equities. So one hopefully never has to draw from stocks if market is down. Rich
Great idea! Will surely make a video on that!
@earlyretirementari If you do a video on the bucket strategy, will it focus on using the buckets as years of income? Like a 3, 5, and 10 year bucket set up. Thanks
Will do!
Very helpful Ari. I'll be 62 next month. Planning to retire next year and all of my savings is in a workplace 401K. You have convinced me that I should do a Roth conversion on at least a chunk of what I have while the market is down. Thanks for your easy to understand videos.
Pleased to hear it!
Great information. Always enjoy and learn from your videos. Thank you for helping us understand what we need to do and preparing for our five year plan. We are working on growing our emergency fund and paying off as much debt as possible to get it where social security will govern 75-80 percent of our expenses.
Thanks. Excellent information.
Glad it was helpful!
Very insightful
I’m so glad!
Thanks for the great video
Glad you enjoyed it
Have enough income/cash til you can withdraw from retirement accts without penalty until you can drw social security. Figure out whether this is enough income (in all 3 stahes)
Hi again from Cleveland, Ari. Perhaps a very odd question, but here goes. I retired in 2017 at age 53 and have based my withdrawal strategy on the value of my portfolio when I retired. My portfolio has grown significantly since 2017. I'm guessing portfolio withdrawal rates should actually be based on current account values, and adjusted as necessary through market fluctuations?
And to follow up on a previous message exchange we shared, I am paying myself a bit more this year and next from the sale of a portion of my taxable account. I'm taking a "hit" by losing my ACA subsidy this year, (a bit of a mental hurdle for sure), but trying to give myself permission to spend some more money on travel and life experiences.
Appreciate your content as always. Thanks.
Your correct 👍🏻 and I’m glad you’re spending more not just chasing subsidy
Make sure then you also adjust some if your portfolio goes down
health insurance Dealing with Health cost when retiring early! That's what I wanna hear more about
Health Insurance For Early Retirement! (All You Need to Know)
ruclips.net/video/BykvoxJEWGo/видео.html
Great information!! Thank you!!
You are so welcome!
Cash + brokerage account to make it to “rule of 55” or 59 1/2 and then cover $$ to SS age (whatever that may be)
Another great video, Ari. I watch so many of your videos and apply them to my retirement planning. We are 1-2 years out for early retirement (
Taking a Trial Separation with my money?
If you're doing any work for someone else, you're working, not retired.
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