Excellent presentation by two of my favorites, Christine and Paul. I never thought I had enough to pay much attention to asset allocation or tax management, until I did. I finally got all that straightened out. And thanks to Jim too.
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 12 grand weekly and this has improved my financial life
YES! that's exactly her name (Stacey Macken) I watched her interview on CNN News and so many people recommended her trading skills, she's an expert and I'm just starting with her....From Brisbane Australia
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super
Paul, I whole heartedly trust you and Christine, I believe you two to be the shining voices of todays finance talk. You have addressed my situation directly, I have retired with 6M in cash and now must invest. Am I reasonable in investing: 1M in Cash C/D’S 1M in Bonds index 1M in Large Cap Value 1M in Small Cap Value 1M in Small Cap Blend And wait to buy 1 M in Large Blend after it returns to reasonable values? Obviously I am using your US 4 fund approach and Christine’s bucket method. Your opinion is greatly valued. Love you as well Christine, Thanks
I have a slightly more aggressive risk tolerance than most investors my age, so I think 10 years of spending in cash and bonds of too conservative to enable any growth, especially considering that stock returns might be lower in the future, and bonds might barely keep up with inflation. When I retire about 8 years from now, my plan is to keep approx. 2 years in cash, 5 years in bonds and the rest in diverse stock indexes. This should break down to a roughly 8%/20%/72% asset allocation, which I think is easily doable throughout retirement, as long as you can stomach a bit more volatility without reacting irrationally. I also plan to implement a guardrails withdrawal strategy.
I agree that 10 years in cash/bonds during retirement is a lot. But that's what some retirement experts are recommending for during sequence of return risk time. 6.5 years of cash/bonds plus a plan to work full time an extra year plus guardrail withdrawal strategy...that'll be the best I can do anyhow. After I turn on Social Security at ~age 69, my plan is for equity to go up to 70%.
@@i-postm4943 Sequence of return risk is only a problem if you are unwilling to reduce your spending in down years. Using a dynamic spending strategy (instead of a fixed 4% withdrawal rate, for example) can overcome sequence of returns risk by preserving more of your portfolio when the market is down, allowing you to spend even more when it's up. Studies have shown that those using a dynamic spending strategy are able to spend more over their entire retirement than those using fixed withdrawals.
Brilliant discussion. Really insightful. Kudos to you all
Excellent presentation by two of my favorites, Christine and Paul.
I never thought I had enough to pay much attention to asset allocation or tax management, until I did. I finally got all that straightened out.
And thanks to Jim too.
These videos are so valuable to me and my family and I pass it forward to those who are interested. Thank you so much
At 20:35 Paul mentions some resources will be linked in the notes/comments. I don't see them, do you?
Can't wait to see you both in September in Minneapolis!!
This was a great discussion, was so glad to see it pop up on my YT feed. Thanks you both!
Thank you for watching 😊
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 12 grand weekly and this has improved my financial life
YES! that's exactly her name (Stacey Macken) I watched her interview on CNN News and so many people recommended her trading skills, she's an expert and I'm just starting with her....From Brisbane Australia
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super
Good honest discussion. Common sense planning.
Great info all!
Paul,
I whole heartedly trust you and Christine, I believe you two to be the shining voices of todays finance talk. You have addressed my situation directly, I have retired with 6M in cash and now must invest. Am I reasonable in investing:
1M in Cash C/D’S
1M in Bonds index
1M in Large Cap Value
1M in Small Cap Value
1M in Small Cap Blend
And wait to buy 1 M in Large Blend after it returns to reasonable values?
Obviously I am using your US 4 fund approach and Christine’s bucket method.
Your opinion is greatly valued.
Love you as well Christine, Thanks
I have a slightly more aggressive risk tolerance than most investors my age, so I think 10 years of spending in cash and bonds of too conservative to enable any growth, especially considering that stock returns might be lower in the future, and bonds might barely keep up with inflation. When I retire about 8 years from now, my plan is to keep approx. 2 years in cash, 5 years in bonds and the rest in diverse stock indexes. This should break down to a roughly 8%/20%/72% asset allocation, which I think is easily doable throughout retirement, as long as you can stomach a bit more volatility without reacting irrationally. I also plan to implement a guardrails withdrawal strategy.
I agree that 10 years in cash/bonds during retirement is a lot. But that's what some retirement experts are recommending for during sequence of return risk time.
6.5 years of cash/bonds plus a plan to work full time an extra year plus guardrail withdrawal strategy...that'll be the best I can do anyhow.
After I turn on Social Security at ~age 69, my plan is for equity to go up to 70%.
@@i-postm4943 Sequence of return risk is only a problem if you are unwilling to reduce your spending in down years. Using a dynamic spending strategy (instead of a fixed 4% withdrawal rate, for example) can overcome sequence of returns risk by preserving more of your portfolio when the market is down, allowing you to spend even more when it's up. Studies have shown that those using a dynamic spending strategy are able to spend more over their entire retirement than those using fixed withdrawals.
Christine is such a sweetheart… but she knows shockingly little about investing for how long she has been doing what she does
Is Seattle a drug filled slum. Is your life in danger living there?