Katie, I found you through a vid of you having Chris Pederson (Paul Merriman) on your show for a discussion. I've been following Paul and Chris' for sometime now. I was very impressed with your show and have watched a number of your segments now and appreciate your approach and like the content. I've been retired for 12+ years and just turned 74 so am not your typical listener. As a life long learner, I found your content very informative and educational for me to better understand the issues and thoughts toward the subject that people of your age and younger are dealing with. I appreciate very much what you have to offer as it helps me understand your views and thoughts better, which better equip me to understand and relate to my kids and grandkids and be able to help them more in this area with that additional understanding overlay on top of my knowledge and experience. I've subscribed and look forward hearing more from you. Have a good week Katie.
I've read it before! I talk about it a bit in this podcast episode: podcast.moneywithkatie.com/rich-girl-roundup-the-10-best-money-tips-for-your-20s-beyond/.
Hi, Super important to point out explicitly that your "spend" has to include the Federal and State income/Capital Gains taxes you will owe. So you really can't be spending the $6,000/mo in your example. You need to compute your tax rate and divide your desired budget by 1 minus this tax percentage. So if you really want to spend $72,000/year, you need to take out of your investments $90,000, assuming a 20% effective tax rate. Multiply $90,000 by 25-33x to get your FI number.
Hey, I will have a pension and it is a bit confusing to figure out the worth of the annual pension checks as compared to having money invested in a 401K.
@@MoneywithKatie Nice! After Binging 3+ of your podcast episodes I figured it out😅 That must be why your production is on point, it's a team effort ey?
According to your projection i will never be able to retire ... do not understand how you can come up if / when i can retire without considering pension and social security information ...
Want to know something really scary? 50% of all U.S. citizens have less than 500$ right now in their savings accounts. 18% have literally nothing at all. Interesting to see what these numbers look like in 25 years. TBH even with all the math and personal financial advice in the world, it feels like any reasonably comfortable retirement is going to become a pipe dream for the vast majority of working people. Also... healthcare. If you're in the U.S. and get cancer, that could easily totally destroy your entire retirement savings no?
Katie, I found you through a vid of you having Chris Pederson (Paul Merriman) on your show for a discussion. I've been following Paul and Chris' for sometime now. I was very impressed with your show and have watched a number of your segments now and appreciate your approach and like the content. I've been retired for 12+ years and just turned 74 so am not your typical listener. As a life long learner, I found your content very informative and educational for me to better understand the issues and thoughts toward the subject that people of your age and younger are dealing with. I appreciate very much what you have to offer as it helps me understand your views and thoughts better, which better equip me to understand and relate to my kids and grandkids and be able to help them more in this area with that additional understanding overlay on top of my knowledge and experience. I've subscribed and look forward hearing more from you. Have a good week Katie.
Love your baby looking at you adoringly while you work...
😻
Just found out that you have a UA-cam channel. I'm a big fan of your podcast. ❤
😭Thank you for listening and tuning in! That means so much to me. :')
You should read Die with Zero by Bill Perkins and do topic on that. Love to hear your thoughts.
I've read it before! I talk about it a bit in this podcast episode: podcast.moneywithkatie.com/rich-girl-roundup-the-10-best-money-tips-for-your-20s-beyond/.
Hi, Super important to point out explicitly that your "spend" has to include the Federal and State income/Capital Gains taxes you will owe. So you really can't be spending the $6,000/mo in your example. You need to compute your tax rate and divide your desired budget by 1 minus this tax percentage. So if you really want to spend $72,000/year, you need to take out of your investments $90,000, assuming a 20% effective tax rate. Multiply $90,000 by 25-33x to get your FI number.
Hi! Big fan, just wanted to suggest longer videos. I think it would be more fun to listen to.
I’m never sure how to participate in this conversation since I will use pension money instead of a traditional retirement portfolio
Hey, I will have a pension and it is a bit confusing to figure out the worth of the annual pension checks as compared to having money invested in a 401K.
Great overview of FI / Timeline 👍
Still trying to figure out the relationship with your content and Morning Brew 😅
Thank you Katherine! I'm a creator brand within Morning Brew :)
@@MoneywithKatie Nice! After Binging 3+ of your podcast episodes I figured it out😅
That must be why your production is on point, it's a team effort ey?
🙏
According to your projection i will never be able to retire ... do not understand how you can come up if / when i can retire without considering pension and social security information ...
Awww kitty
Is this assuming the 35-40% save rate is contributed to only one account?
Nope, it can be spread across investment accounts :)
First off I don't care for rich people. And most people aren't money hungry or greedy I work hard for my money and don't have time to throw it around.
Want to know something really scary? 50% of all U.S. citizens have less than 500$ right now in their savings accounts. 18% have literally nothing at all.
Interesting to see what these numbers look like in 25 years. TBH even with all the math and personal financial advice in the world, it feels like any reasonably comfortable retirement is going to become a pipe dream for the vast majority of working people. Also... healthcare. If you're in the U.S. and get cancer, that could easily totally destroy your entire retirement savings no?