Відео

This is a stupid video

This video is more for company pensions and not military pensions. Those of us that have military pensions are golden and blessed. VA disability too! 🙏🏾🙏🏾

If our military pension disappears, that would mean our country is in SERIOUS trouble! That would be a nightmare.😧

Pensions will ALL fail. They are ponzie schemes and eventually they will fail. Beneficiaries that can cash anything out of a pension before it fails are lucky.

I paid for it with my mind and body, but my military pension is a blessing.

LTC is the shadiest business. I am going to (God willing) fund my own LTC. I know that’s a huge risk but it is a measured risk. I started at age 50. I decided to stop funding my Roth IRA (still doing Roth 401k) and putting $7k per year in LTC brokerage account. If I can save up $500-600k by the time I am 80, at least that will buy me 1-2 years of care, if something should happen. Once I retire I will put in a couple of grand a year out of my retirement funds and keep it going until sickness. My daughter can use those funds instead of dealing with an insurance company on my behalf.

Great advice, as usual

*FYI: ARKK (Ark Invest, with Cathie Wood) is an Actively Managed ETF.*

If someone takes out 4 years of cash at the start of retirement to live on, to avoid a bear market , when do you start re-filling after Year 1?

I love the idea of putting a year's expenses in CD's. Is that something you do in the portfolio or outside in a bank?

Good thoughts. I personally wouldn't mind retiring at or near the bottom of a bear market. That increases future expected returns, making early sequence of returns risk less than otherwise. And when I calculate my withdrawal amount at the beginning of retirement, at or near the bottom of a bear market, the likelihood that I can increase my withdrawals in the future, using, for example, Guyton-Klinger or something similar, is higher. But even if I retire at the top of a bull market, a dynamic withdrawal plan, like Guyton-Klinger, will tell me to lower my withdrawals to a safe amount if a bear market occurs soon afterward. That works, as long as I start out with enough to adjust down like that, and in my case I think I do, since as a single person I am very flexible with my expenses.

Agreed, there is a lot of fear mongers in the media. Questions: What are the terms for the CD suggested?

Thank you for talking about the issues most people don't talk about. Good for a lot of people to hear this.

Your videos always keep it real!!! Thanks

I have both ETF's and mutual funds. All my investments are in 403b, Roth and HSA. So I'm not paying taxes on dividends and cap gains. I basically treat ETF's and mutual funds the same since they are all buy and hold funds.

I like sector ETFs because we can set buy and sell limits and trade mid-day.

This is a question regarding your interesting video on dividends. I must say I found it very educational. Are still against dividend stocks if one engages in reinvesting the dividends to buy back stocks in a tax deferred acccount?

Chip off a once. 😂😂😂😂

Too many E.T.F.s and not enough money 💰💰💰💰💰😭😢😥

When I was younger, I lived in Latin America teaching English down there and also perfecting my accent for Spanish and then I spent a considerable amount of time traveling to a number of different countries in Latin America and I also spent two years in the Philippines because my wife is from the Philippines. We actually got married over there And I have probably been to about every country in Latin America ,Asia and some countries in Europe and the Middle East and it was OK for visiting, but God bless America! 🇺🇸 A lot of people don’t really realize how good that we have it over here and that includes Europe as well until you live abroad…Also one of the main things to consider in particular for people who are in their 50s or 60s retiring abroad is healthcare because it’s not the same in particular when you’re going into places like Thailand, Philippines or even Latin America and even healthcare is very expensive and in a number of these countries they do not have to Help you if you don’t have a deposit in particular in Asia and Latin America! God bless America! I love traveling the world, but this is the greatest country in the world! I still love traveling ( I’ve been to at least 60)but this is definitely the greatest country in the world… also you were right about the real estate because this is one of the reasons why I did not choose to buy in the Philippines because you only own 40% of the equity and then these 99 year leases and actually it’s not 99 years. it’s 50 leases and then you get a lease extension and then if your spouse passes away, you have to sell the property because you cannot own land in these countries you can only own a condominium …it’s just so many different traps that you can fall into…🤷‍♂️🤷‍♂️🤷‍♂️

Rich auntie: what're your thoughts about 403b?

Empower platform doesnt easily show the roth from traditional 401k monies. You got to sit and figure it out. Even their statements don't show it. It looks like 1 big giant pot. Is there a professional way i could suggest to them to change this and show it separately?

With so many UA-camrs romanticizing 'retirement abroad', this is a great 'realistic' view of the planning it takes.

This is excellent. Through the military, I have lived in Europe and Asia. There's nothing like having the military base accessible.

Thanks for this video! Excellent job laying out all the important points to consider and plan ahead for. Im a big fan of the idea to test a place out for multiple months throught different parts of the year. Thank you!

We need to boost up our RichAunties subscriber base. She deserves it with her outstanding perspective and great content . 🎉

For retiring abroad do you have any countries/regions in mind? I think about a sebatical abroad someday. Somewhere cheaper for geo-arbitrage.

Great tips!

Thank you for your truth! More people need to hear this.

You can't predict when the market tanks. I like the idea of having different baskets of money to pick from. Could you do an example of the different baskets that you would recommend and when to pick from each? 😊

Very good and practical information. Heartily agree with your suggestions about having (at least some) cash on hand --- and in small denominations. Once one has been through a quake, storm or any event resulting in mass power outs, the choice to maintain ready cash becomes preferable. Thanks for addressing this often overlooked practice.

I never knew that this is how board members donate! Great career move.

It's a lot of weeds back here! 😂 That's my mother. She was obsessed with taking down trees. 🌳

Good information. However, it seems most brick and mortar banks do not offer high yield savings accounts. Any suggestions?

This a very helpful video 😊. Savings account is my security blanket that helps me sleep peacefully. If an emergency comes up, i don't have to panic or go in debt. If the market is down wnen i retire, no worries... I have cash to help tide me through bear market. Cash plays a vital role in my financial planning. I completely agree with keeping cash money on hand in the event of natural disaster. After hurricane Katrina, i keep small denomination bills readily available. This is a very timely and helpful video. Thanks for sharing.😊

Hi, I thought you should have more emergency savings than six months as you get closer to retirement. I'm concerned that if I lose my job it may take longer for me to find a job because I'm in my 40s. (e.g. ageism). Also, I want flexibility (tax, etc.).

Very useful, thank you

The best thing I ever did was buy a book called Mutual Funds for Dummies when I first started working about 30 years ago. My company's 401k choices aren't so great (and no matching), so I've invested most of my money in the main index funds in a brokerage/taxable account. If I hadn't stumbled on that book I shudder to think where I'd be now. No one in my family knows a darn thing about investing. I don't like the idea of Uncle Sam getting more involved. After all, they're the one's who screwed it up. Bureaucrats often make things worse. Just let Americans keep more of their money so they can invest it as they see fit. The ultimate answer lies in good people like you educating the public. Education is the real key.

You can retire reasonably comfortably in many states with $1MM and take SSI at 62, or delay until full retirement benefit age, but retirement does not have to be delayed. 1mm is a reasonable amount “to bridge” you from say… 62 to 67 when you start receiving full Social Security. Or perhaps you do start collecting Social Security at 62. I would recommend using “Honestmath” to test this

Reinvested dividends increase the number of shares. Fund/stock gains decrease the number of shares sold. The purpose of buying funds/stocks is to sell shares to generate cash as needed.

Those of us who are in their 60s and 70s generally have a better understanding of inflation than "young folks." I would have loved a 7% mortgage in the 80s. 7% inflation? No problem! Social Security is about to go broke? We've seen that song and dance before. Here's the main difference in retirement now as opposed to retirement 40+ years ago. In 1980, people who retired didn't plan on luxury vacations, new homes, funding their grandkids education, or any of the things we think we "deserve" today. My PawPaw would slap me silly if I told him I was retired and going to Alaska or Europe. My generation, I'm 62, was coming of age in the 1980s. We saw the gas shortages of the 70s, the social unrest surrounding Vietnam and Civil Rights, massive inflation, and the possibility of SS going away. All of these problems resolved themselves over time. These same problems are rearing their ugly heads again, and I think we will figure them out this time as well.

You always have to be careful with saying something is "true" because truth depends on a lot of factors. Life long smokers can live until age 100, but that doesn't mean smoking won't lower your life expectancy. As you addressed here, $1 million in an IRA will probably not be enough to maintain your pre-retirement lifestyle if you live in a large metro area. $1 million in an IRA if you live in rural Mississippi is probably more than enough. My wife and I were married in 2019. She was divorced in 2014, and my wife passed away in 2012. She had just over $1 million in her 401k and about $175k in a brokerage account. She was an RN with a moderate income and a daughter in HS. They rented a house, so her total net worth was avout 90% tied up in her tax deferred account. We live in Georgia, so she probably would have been okay financially, but since she didn't own a home, her expenses in retirement would have been higher. She would have worked until at least 65, probably delayed SS until FRA, and been fine. The 4% rule is over analyzed all the time. It assumes a 60-40 portfolio, with average returns, average inflation, and a 30-year retirement. If those parameters are met, the 4% rule is generally very accurate. Unfortunately, people want to criticize the rule because it doesn't work for a 40 or 45-year retirement or if the market crashes. It's a mathematical calculation, not a crystal ball. Dave Ramsey says 8%. That seems ludicrous, but his math is correct. IF you average 12% returns, then you can draw 8% and still stay ahead of average inflation. His 8% rule does not factor in sequence of return. It's just a simple math equation. Dont trust your retirement to a simple math equation. Long-term care is an issue that can be rough on retirees. It goes along with geographical discussions. LTC in Mississippi doesn't cost 25% of what it costs in NYC. Does that mean you should move to MS? Probably not. There are just about a million things that can cause you to struggle financially during retirement. You simply can not prepare for every possible scenario. The more money you have and the more diverse your portfolio, the better your chances of surviving any of these financial calamities. My grandmother was an uneducated, dirt-poor mill worker, but she understood how money works. She taught us at a young age the old adage, "It ain't what you make, It's what you spend." That's still probably the beat and easiest piece of financial advice anyone can learn. Having $10 million or $ 100 million won't keep you from going broke. Just ask all the entertainers and athletes and lottery winners who wound up filing bankruptcy.

If a great company had a high dividend yield above 4%, then it would be obvious to everyone. Who would then bid up the stock price, making the dividend yield no longer large. That's what happens in large pullbacks. That's why very large yield stocks trade sideways or downwards for extended periods of time. There's something wrong with the business, and the market knows this.

Why would anyone hold mutual funds nowdays instead of ETFs? I seriously don't get it. I understand you may have limited options in 401K, but outside of that.

The value of an investment is the discounted value of all future cash flows, which consist of dividend payments and anticipated future sale price or liquidation value. The future sale price is largely speculative. Without dividends, investment results are far less certain. Ask those who were around during the investment climate of the late 1990's.

Thanks for the video. I agree with you that dividend investing can be a bit overrated at times. I have some higher dividend paying ETF's that are kept in my Roth and HSA in order to avoid the tax issues. I'm not opposed to dividend investing. I just don't think it's the end all be all of investing.

Warren Buffet gets millions in dividends from his Coca Cola holdings alone. Do you think he is going to tell Coca Cola "Please stop paying me dividends!"? Doubtful

I think dividends are good but people who don't understand them might end up making mistakes or having the wrong expectations, similar to credit cards. Credit cards can be a great tool but most people don't do the research on how to use them properly so they'll dig themselves into a hole.

Dividends could help in major recession

Love the videos! I’m learning so much!