How to Ensure You Never Have to Work Again After Retiring EARLY!
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- Опубликовано: 13 июн 2024
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The episode discusses the concept of "sequence of return risk," which refers to the risk that an individual retires or plans to retire early but has to return to work because of poor market performance, potentially forcing them to return to work.
With the case study, we will emphasize the importance of protecting against this risk by having a sustainable withdrawal strategy, being dynamic in financial planning, and diversifying investments.
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Timestamp
00:00 Intro
01:00 Review Of The Week
03:10 Risks People Run in Retirement
04:28 A Quick Story About a Client
06:07 Things to Be Aware of for Financial Planning and Sequence of Return Risk
08:00 What Is 4% Rule Logic
10:13 Taking Decisions During Market Downturns
11:38 Sequence of Return Risk and Its Implications
15:44 Strategy 1
16:29 Strategy 2
19:20 Strategy 3
20:38 Conclusion/Summary
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PODCAST - earlyretirementpodcast.com/
INSTAGRAM - / earlyretirementari
LINKEDIN - / aritaublieb
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Ari Taublieb, CFP®, MBA, is the Vice President of Root Financial Partners (Fiduciary) and host of the Early Retirement Podcast.
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⚠️ "DISCLAIMER:⚠️
All content is not to be received as financial advice, and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc., before making any financial decisions.
This video contains content I created and got permission from its creators to use. This Channel DOES NOT Promote or encourage Any illegal activities; all contents provided by This Channel are meant for EDUCATIONAL AND ENTERTAINMENT purposes only.
I won't miss the late Sunday afternoon dread.
You are the ONLY financial guy on RUclips I've heard say, "4% of $1M is $40K. Is that $40K after taxes? Or, is it really $50K or $55K?" THIS is what I always ask myself when they are talking about the 4% rule math. Thanks!
You’re welcome :)
That's funny that you brought up the comment about your age. I kind of felt the same way when I first started watching you and James. But I watched and have learned a lot. Thank you for what you do. I'm 10 years out from my retirement.
I retired last year and I remember the first trip I planned post-retirement. I found an air fare I liked and my first thought was-do I need to review with my co-workers? Get leave approved? Nope. I don’t need to do any of that. I think it’s the greatest thing about being retired.
I've retired 'early'... (late 50s) after year of planning along the lines of 'F.I.R.E.' . I appreciate your videos and am pretty happy with a lot of prep work over the past years (i.e., setting up Roth IRA, Reg IRAs, brokerage account, etc.). Your videos typically make me think/re-think of some of the many variables contributing to my success such as today's reminder about withdrawal strategy. Thanks for all the thought provoking thoughts.
I’m so glad!
Great response to mean comment. Respect.
Thank you. Appreciate it.
Love these guys because to me, integrity is everything. They will do what’s best for YOU and do it very well.
Thanks Ari! Great information and I have always appreciated the extra effort to carefully explain and educate as part of the deal. A very happy client.
Thank you.
Planning on retiring at 60 the end of this year and looking forward to doing what I want, when I want and traveling! Great info in the video!
Wonderful!
I have recently found you and James. Thanks to both of you for what you share. Exploring retirement before 60. The concept of filling tax buckets with Roth conversions to reduce tax impact of RMDs has been eye opening. I also appreciate your prior video on impact on SS if you stop working before 35 years of solid earnings based on the inflection points.
age has no bearing on intellegence
Thank you very much.
Retirement means: no alarm clock!
Love how you stay classy with the negative comments. Great strategies to think through!
I appreciate that!
Thanks for another great video Ari! I'm retiring in less than a year and am looking forward to traveling as much as possible.
I plan on retiring in about 14 months, sequence of return risk feels very present to me now since it seems like we are getting to the end of this bull run and long bear market is ahead of with challenges over national debt, social security, and interest rates.
You should plan for a bad sequence of return. You always plan for it and hope it doesn't happen
@Ari are you still taking on new clients personally? Thanks for the great info!
If you look 14 now, you'll be looking awesome for decades!😊
I hope so!
I liked the video a lot, I almost passed it up because you looked so young. I'll be 65 September 2025 and I'm thinking to at least semi retire then . Self employed carpenter here, it's harder to do the work now.
Thanks for the video, what's the link to the asset allocation video you reference near the end of your video? Not seeing it or recognizing it in your video list. Thx!
Thank you. Here you go: ruclips.net/video/Swy3YZur_Bw/видео.htmlsi=k9ehr36ZIi_EQ7iJ
Does paying taxes out of a traditional IRA make a significant difference on the longevity of a portfolio? It seems to be convenient at a relatively small cost.
Details matter but most people will pay less taxes in retirement making traditional the better choice
That being said look at Roth conversions and see if that makes sense
Just curious - how do you know you've helped 1 million people ? How do you quantify this statement ?
Yeah, I too reacted to that comment
4% plus inflation is what historically you can safely withdrawal in worse case scenario
It includes everything. Like taxes,fees, vacations and food.
Wish you were canadian......also...I would love to just wake up and smell the roses....never seems much time for that.....
Ari, I'm a newer listener, I'm worried I am investing too large of a ratio to my tax advantaged accounts vs my brokerage. I'm planning to be able to retire very early (~40). I tried looking through your videos for guidance, but am not finding anything I'm looking for. I'm afraid I'll be 'Retirement Rich' but 'liquidity poor' due to the restrictions on 401ks and IRAs. Do you have a resource you can link me?
If it’s such a huge concern, why not stop contributing to your 401k or just up to the match then build up the taxable brokerage account.
For early retirement you can always use the 72t rule to withdraw from your 401k or traditional ira penalty free.
Don't worry
Figure out what makes sense. All this information is easy to figure out or easy to pay someone to figure it out for you
@@wildfoodietours6702 Yeah, doing a SEPP always worries me as I feel like it's the point of no return. Much harder to re-enter the work force if our retirement plans fail. But, as we get closer, the picture should get more clear.
Not to be mean, but Jeff's comment makes no sense. It's like thinking that a mechanic can't fix a car, if that person doesn't own a care themselves. That's a non-sequitur, to put it kindly.
Wow, Ari! Just wow! It's so funny how some of the best people in their fields do look incredibly young. If you're in Root Financial, you should be taken seriously.
Thanks for your kind comment!
Smile Arie
:)