Відео

Planning to retire in 5years? With rising inflation, the cost to maintain your current lifestyle could reach $2.6 million or more. The combination of high inflation, lower projected stock market returns, and stagnant wages makes securing an early retirement more challenging than ever

They're living in a cardboard box under a bridge now. Very sad.

I dont think these guys know what they're doing. A guy with 900k is in great shape.

If this is concerned, he can take on a low stress part time job, to cut withdraws from savings. Retirees golf during the week, it's cheaper. Sailing is virtually free.

Yes and no. That’s enough if you move to Thailand or Mexico or Portugal. That’s not enough if you live in New York, San Francisco or Seattle.

John can get affordable, good healthcare under the Obamacare Act.

He should have worked until he's 62 and getting Social Security. With SS income, the hit to his nest egg would be much less. I retired with far less than John, but I had guaranteed income outside of my retirement nest egg that not only covers everything, but allows me to continue to put a significant amount of money into savings each month. It will be many years before I have to hit my nest egg.

Life has lots of unknown. I relocated to SE FL ~20 years ago. It was reasonably decent for basic expenses and quality of life especially compare to NYC until pandemic, multiple devastating hurricanes, Surfside condo collapse when all housing went up sharply to more than double and close to triple in certain areas. Then insurance, multiple large assessments due to new regulations and recent disasters stressed people that wasn’t even on the edge but now struggling. I have a lot of neighbors who are elderly and on fixed income that now have liens on their paid off homes because of 5-8k assessments plus HOA going to $800-1200 per MONTH! I did 30 years housing projection before I bought my place with inflation and even padded with repairs and replacement costs but my 6th year exceed my 30th year by more than 30% 😮 can’t even move due to housing market affecting most of FL. Thank goodness I’m not retired yet.

If he can't retire i don't know how the normal american does.

Married couple 68 and 62, no debt, frugal spenders, $1mil in savings and no debt. Feel anxious about retiring wondering will we be alright.

I am 62 1/2 single male, no kids, with 1.1 million in retirement and ZERO debt. Plan to retire in August when I turn 63. My expected month expenses at retirement is less at $4500 a month. Should I be ok to retire in August at 63. I DO NOT care about legacy! I currently have NO health issues and am healthy.

Freak’in Jake retire! You’re good! Worse comes to worse you sell the house at 75 recash up plus you’re getting the SSA. You’re good bro just make sure you have good investment advisors.

Video like this are so out of touch. 700K is higher than 90% of what American have. Unsub.

These you tubers specialize in higher end clients. They try to scare people with more than enough money to retire so they can gain them as clients. If people with that much money can't figure it out on their own, they deserve what they get. I'm in Florida right now at $1500 rent a month. It's not brain surgery. Just don't eat out every meal.

It took you guys 3 min before you started to ta;lk about the subject. Get to the point next time

He has no debt and wants to spend $6k a month? C'mon, maybe for his first 7-10 years, but not in his slow-go and no-go years. Unless it's for medical expenses

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

maybe because I have a pension and employee supplemented health insurance but this 'advice' seem insane so many of my coworkers died before or soon after retirement 50-60's if this guy could have switched to part time at 60 or before I think that is the answer you dont want to live poor but what good is money on your death bed

I'm 56, with $920k in my 401k, $1M in my trad IRA and $250k in my Roth IRA. I have a $50k savings account, and $700k in a taxable brokerage. I am a critical care nurse, and hope to keep working full time until age 60, then possibly work part time until age 63 when I will retire. I'll take SS at age 67 and my work place pension at age 67 also which combined with my wife's SS will be an estimated total of $6319/mo. We will live on $110k/year until age 67, then live on 4% or $120k/year and adjust up yearly for inflation after that.

I’m 70 and my expenses are only 800$ month, that’s crazy

I am planning on increasing what I need to withdraw from my savings for each after retirement. It is like a pay raise. Though iI will get more, it may or may not to offset the cost of living.

I have $400k and a $5'500.00 monthly pension. Could I retire next year if I made it to $500k in savings?

Since men have a shorter life expectancy than women, why not take Stan's SS early and take Linda's later? That gives them more income and less coming out of their investments.

Just keep in mind folks, these guys do not make money if you stop working and they no longer control your 401k/money if you retire and you start spending it.

This is me exactly except much less monthly expense and about $1K more in SS.

I retired 3.5 years ago at 52 with about $800k. The key is to not have a wife and kids to suck you dry. I live on the beach in Mexico for about $1200 a month. Shangri La.

Hopefully he is not wasting his money on a financial planner, that can be a major drain on your earnings.

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

So the lesson here is work until you’re ☠️ … ?? Sell your last years of life to a soulless company? LOL .. Nah thanks, when you retire it’s a NO BRAINER to reduce your lifestyle LIVE WITHIN YOUR MEANS, and give yourself a reason wake up every morning! I mean if you want to keep doing ALL THE EXPENSIVE things/ hobbies then suck it up and unalive urself working …

What non-helpful waste... make some assumptions and run the numbers. Or else be honest that this is a pure sales & marketing video. My recommendation: Go watch Gary Vee or read Jab Jab Jab Right Hook. Learn how to provide value.

I have a real good one for you......retire at 55. I can be the case study

I retired at 57 and I absolutely love it. I’m now 62. My wife retired 18 months ago and we have enjoyed traveling and spending time with family and friends. We both have federal pensions and health insurance and about 750k in IRA’s. Our pensions cover all our living expenses and I will draw SS now, I’m not waiting for a future date. We have two pots of investments, one we use for traveling and the other for growth. It has worked well for us. We have zero regrets, except I wish I would have retired sooner.

This guy will die with sadness 😢I would’ve left at 55 years old like I’m about to do I’m 50 years old now and I’m ready to retire now

WOW 🤯 I don’t understand how that couple don’t retire right now this is crazy. I would’ve retired at 55 years old with half that. Time is a commodity that u can’t save 😢I feel sorry for the couple really what a sad life 😢

There are advantages to "every day is Saturday". He can choose the days when the municipal golf course is not crowded and save on golf fees.

I wish I could retire.

The high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases.

Man I wish I had that now at 30 yo as my salary a year right now. Man, a cool $70K a month. That’ll be the day! That’s living very comfortably in Delaware. Your taken cared of with that amount. 😫

You can slow travel through other countries like Asia, Europe, etc. for less than $50k/year, comfortably. I think people overestimate how much they'll actually need in retirement because they simply have no idea how much they'll need per month.

Assuming if you have no debt, and you have 2 mill, you should be able to retire comfortably at 65. If you can't, then there's going to be a lot of people in bad shape when retirement time comes round. The key is, most people can live a lot cheaper and still be comfortable than what they're doing now.

Wanting to spend $10K a month from a pot of a million, minus taxes and wanting to leave money for family? No chance!

This scenario makes no sense. 54K a year in SS, plus a stock market return of 12%, which would be 120K equals a total of 174K income. After tax, they should still have enough to bank some cash for those bad years in the market. I made 22% this year in the market. Banked a bunch of cash. Forget the 4% rule. Bank what you make above 12% for the bad years.

was the couple surprised to learn that they might not have enough money???....... if so, then they are very out of touch with reality. Imagine dealing with them...ding-a-lings.

Is there a chance they might hv a different outcome if you model the spending smile as their approach? Go-go years 10,000 a month, slo-go years 8,000 a month and no go years $6000 a month. If they don’t hv a house payment this might work.

It's not enough for what they want. They can learn it now the easy way, or learn it later the hard way.

If one has a great pension + SS ( both with COLA's) and no debt one doesn't need a large IRA/TSP

1 million .....in the 1990s .

2mil usd the sweet spot retirement

u guys left out their paid house and its value...