How Much Does It Take to Retire EARLY on a $12k/mo Budget?

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  • Опубліковано 11 гру 2024

КОМЕНТАРІ • 20

  • @MercuriosBakers
    @MercuriosBakers 23 дні тому +44

    Overall, 60% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025.

    • @BogumilTanski
      @BogumilTanski 23 дні тому

      Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.

    • @JasonsHortons
      @JasonsHortons 23 дні тому

      @@BogumilTanski I agree. Based on personal experience working with an investment advisor, I currently have $480k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks; you also need to be knowledgeable, persistent and have strong hands to back it up.

    • @MercuriosBakers
      @MercuriosBakers 23 дні тому

      @@JasonsHortons How can one find a verifiable financial planner? I would not mind looking up the professional who helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

    • @JasonsHortons
      @JasonsHortons 23 дні тому

      @@MercuriosBakers The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.

    • @MercuriosBakers
      @MercuriosBakers 23 дні тому

      @@JasonsHortons Thank you for this tip. it was easy to find your coach. She seems proficient considering her résumé.

  • @shawnturner2459
    @shawnturner2459 2 місяці тому +2

    These videos always assume you are using an investment firm to manage the portfolio, but never account for that cost. In reality the numbers would be more like $4.8M based on 4% or more like $2.5M based on the dynamic approach described, as that cost never goes away even when some other items do change.

    • @MCalcagno
      @MCalcagno  2 місяці тому

      Fees and expense ratios are always included

    • @shawnturner2459
      @shawnturner2459 2 місяці тому +2

      If that’s true, would love to see a video explaining how they fit into equation. I know there are tremendous benefits to having a financial advisor, but one of my greatest fears is how to account for those costs when planning for when to retire?

  • @logicae4096
    @logicae4096 2 місяці тому +4

    Hi Matt - Would you be open to showing people that there are investments that constantly yield 6-9% YoY? MLPs, REIT, CEF, Covered Call, Leveraged Funds abound and we are still talking about 4-5%?

    • @ebeyslough
      @ebeyslough 2 місяці тому

      Matt has consistent 6-9% returns on his investments in many of his dreams.

  • @jeffho1727
    @jeffho1727 2 місяці тому +2

    12000 x4%=300000x12= $3600000. There, youre welcome. Before anyone takes my head off, its a joke of the 4%rule and i just ended up here on the algorithm. Now to watch full video

    • @jeprox120
      @jeprox120 2 місяці тому +1

      12000 / 4%

    • @carlyndolphin
      @carlyndolphin 2 місяці тому

      The 4% rule only has a 96% success rate over a 30 year period. I prefer only withdrawing 2%

  • @66scooterdaytona
    @66scooterdaytona 2 місяці тому +1

    You have to average in zeros from years 55 to 67 for social security to be calculated correctly.

    • @MCalcagno
      @MCalcagno  2 місяці тому

      Yup! Made a video on this topic: ua-cam.com/video/XNXNOYwOYzE/v-deo.html

    • @vchap01
      @vchap01 2 місяці тому

      Social security is calculated based on your 35 highest paying years. If you had started working at 20, it might not be a problem at all. Earlier income years are multiplied by an index value which is likely to be around 2.5 in 35 years. www.ssa.gov/oact/progdata/retirebenefit1.html
      There are also bending points in the formula (there are videos and articles about it) where the later years are not that good of a return on investment. Today the maximum security tax you can pay per year is around $10,100; and this number is going to increase aggressively in the future to keep SS solvent. In some cases (high earner, 33rd year of work) it would only increase your monthly payment by around $40 ($480/year). It would take over 21 years, assuming COLA adjustments keep up with inflation, to get your return on investment. I would rather invest that money in a fund.

  • @Calventius
    @Calventius 2 місяці тому

    No, the first question is what streams of income do you have not how much cash you have. Looks like i won't be coming to you.

    • @MCalcagno
      @MCalcagno  2 місяці тому +1

      @@Calventius see 2:52

    • @heidikamrath1951
      @heidikamrath1951 2 місяці тому +2

      As Matt replied, he did answer that in the video.
      The first question is neither how much cash nor what the income streams are. The first question is what will my expenses be and further, how much do I want to spend. This particular example started with that: 12K.