In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a CNBC podcast. I'm wondering, what could be the strategy for such returns?
Find quality stocks that have long term potential and ride with those stocks. As a regular investor, I have found it takes someone who is very familiar with the market to make such good picks.
Agreed, opting for an advisor is the ideal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with one for a while now, and my portfolio has surged over 120% since early last year to date, summing up nearly $1m.
@@arlenehill4ril please how can I connect with your advsor? I am 59 and have my money scattered around, need to be moving faster towards stable retirement
impressive gains! how can I connect with your advsor please? I am 59 and have my money scattered around, need to be moving faster towards stable retirement
One thing you should have covered with myth 1 is SSA life period tables. I’m going to trust what an actuary says more than anything else. And your life expectancy changes based on your current age based on historical data.
I bought a 20 year bond 3 months ago paying 4.75% with a YTM of 4.86%. It was below par at $98 and now it’s over $103 so the gain is more than 1 years interest. My 3 month gain with accrued interest if I sold now would be 10% (40% on an annual basis). The issue is that I now need to replace it and current bonds are at 4.5%. If I hold I could gain more as rates decline but that will just mean replacing with even lower yield. Holding to maturity guarantees a decrease back to par.
Thank goodness for the replay button because the first time I watched, I was so distracted by Errorics tan line on his forehead wondering is that from a head band or tiara.
For bonds vol comparison why did you choose 20+ year bond fund? Yes we know long term bonds are highly volatile. I suspect most people would be short to intermediate term bonds.
Sounds like retirement is much more simple in every other leading economically advanced country, other than The USA. Have to admit, I’m jealous of their healthcare costs, and systems.
It's not a myth most people pay less taxes in retirement Most people will pay less taxes in retirement. Have you seen the median retirement savings in this country
@@Jim-mz1cf maybe But life happens and having a higher tax rate takes a lot because you put the money in a traditional at your highest marginal tax rate and you take it out starting at the lowest tax rate
@@johngill2853Assuming tax rates don’t go up I would agree with you, but I anticipate rates will go up so there will be people with lower incomes paying higher tax rates. Only time will tell.
Thanks for watching! What other myths have you seen out there that people fail to plan for? Let us know! 🙏
I miss your daily updates. I hope you'll resume them next week, as they provide a very educational recap. Thank you!
I appreciate that! The Closing Beat will absolutely be back soon! Promise :)
Sad month it’s been
In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a CNBC podcast. I'm wondering, what could be the strategy for such returns?
Find quality stocks that have long term potential and ride with those stocks. As a regular investor, I have found it takes someone who is very familiar with the market to make such good picks.
Agreed, opting for an advisor is the ideal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with one for a while now, and my portfolio has surged over 120% since early last year to date, summing up nearly $1m.
@@arlenehill4ril please how can I connect with your advsor? I am 59 and have my money scattered around, need to be moving faster towards stable retirement
impressive gains! how can I connect with your advsor please? I am 59 and have my money scattered around, need to be moving faster towards stable retirement
Can't divulge much, I take guidance from ''Karen Lynne Chess'' and most likely, the internet should have her basic info, simply research.
One thing you should have covered with myth 1 is SSA life period tables. I’m going to trust what an actuary says more than anything else. And your life expectancy changes based on your current age based on historical data.
I bought a 20 year bond 3 months ago paying 4.75% with a YTM of 4.86%. It was below par at $98 and now it’s over $103 so the gain is more than 1 years interest. My 3 month gain with accrued interest if I sold now would be 10% (40% on an annual basis). The issue is that I now need to replace it and current bonds are at 4.5%. If I hold I could gain more as rates decline but that will just mean replacing with even lower yield. Holding to maturity guarantees a decrease back to par.
Thank you Boys good info as always, if they cant take the joke as a joke then they probably should stick to a saving account. Ha ha
I though youtube stop recommending me closing beats. I hope you guys didn't drop this one
No no no! Things have been beyond busy but we will be back soon with the Closing Beat!! Promise :)
Use 90 for longevity. Make sure you are not eating dog food as an old goat.
Thank goodness for the replay button because the first time I watched, I was so distracted by Errorics tan line on his forehead wondering is that from a head band or tiara.
Where is the closing beat!!!?
We will be back soon!! Promise!! :)
For bonds vol comparison why did you choose 20+ year bond fund? Yes we know long term bonds are highly volatile. I suspect most people would be short to intermediate term bonds.
On Myth 4, Volatility: Bonds (i.e ladder) vs bond funds. All you volatility is in the funds if you are holding any bonds in bond ladders to maturity.
Sounds like retirement is much more simple in every other leading economically advanced country, other than The USA. Have to admit, I’m jealous of their healthcare costs, and systems.
Classy.
For longevity, For some one my age, I like to use average plus 1 sigma standard deviation.
Big fan from Muncie here.
We're in your backyard tonight! Appreciate you watching!
glad I went by the Walgreens before I saw this :)
At least you weren't in one when you heard it 😅
Good joke I approve
The antenna one, right? 😅
It's not a myth most people pay less taxes in retirement
Most people will pay less taxes in retirement. Have you seen the median retirement savings in this country
I agree with you, but I would guess that the majority of people who watch financial videos on RUclips are not like most people.
@@Jim-mz1cf maybe
But life happens and having a higher tax rate takes a lot because you put the money in a traditional at your highest marginal tax rate and you take it out starting at the lowest tax rate
@@johngill2853Assuming tax rates don’t go up I would agree with you, but I anticipate rates will go up so there will be people with lower incomes paying higher tax rates. Only time will tell.
Dustin. Yikes. Bad joke.
I'll come back with a better one next week