I have $2M. Can I Retire Early? ᴴᴰ
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- Опубліковано 30 чер 2024
- Most people live in the "I don't know" and simply retire and hope things work out. Don't hope - plan!
It does NOT have to be intimidating.
These are real clients (with numbers altered and names changed) for confidential reasons.
Ari Taublieb, CFP®, MBA is the Vice President of Root Financial Partners and the host of the Early Retirement podcast.
Interested in a custom strategy to retire early? →
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Early Retirement Expense Calculator (FREE) → rootfinancialpartners.com/cas...
Timestamps:
00:00 - Introduction
2:00 - Sample Clients
4:30 - When To Retire
6:30 - Income/Savings/etc.
9:45 - Spending More!
11:00 - Part-Time Income / Health Insurance
14:50 - $3M+
15:10 - Tax Planning
17:45 - Working With Us
PODCAST - earlyretirementpodcast.com/
INSTAGRAM - / earlyretirementari
LINKEDIN - / aritaublieb
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Thanks, Ari, That is outstanding content, as always!
My pleasure!
Great video ! If you can do a single person retiring early next ☺
You got it Gemma! 😃
Love the case study and insight into the options. Is Root AUM only or do you offer fee-only too? TIA
AUM only @@leeward1717
Yes ari. Singles with 4 M would be sweeet! @@earlyretirementari
@@markrubin377 you got it Mark!
I love the case studies. I am planning my early retirement and this really helps me think of things.
Thanks Darrell. Will do and glad it’s helpful.
Great video! Love seeing these examples, keep them coming!
Will do!
Fantastic !! More of these would be great
You got it!
Helpful information. Thanks!
Of course!
51 years old. I have $295,588.25 in my Fidelity retirement account. I cranked my contributions up to 35% and I do all the investing on my own. Fidelity just holds my ETFs/stocks. I made that change earlier this year. I'm hoping to end the rat race by 60 but it's looking more like 63-ish. I want to have $1.5M and bring in about $60k in dividends each year. Pedal to the floor! Thanks for the video. Great content.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
You’re very welcome and I’ll keep the content coming!
I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
@@maryHenokNft wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. *Mary Onita Wier* is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
Your podcasts are always so helpful!!
I'm so glad!
I loved seeing this approach to see what this looks like for multiple portfolios and all of the levers that impact the outcomes.
You’re very welcome!!
Awesome case!! Thank you Ari.
You’re very welcome!
Nice video ... i like how you give different examples of when the person would choose to retire, how much they spend, etc... on the other hand, these people (God Bless them and good for them) are in a FAR BETTER situation than i am or most people are ... appreciate the video anyway and believe you are providing a good service providing this type of content ...
Excellent video!
Glad it was helpful!
Case study videos like this are awesome! Wish it was 3x longer to dive further into Roth conversions, SS, etc. other use cases such as work an extra year or two to pay off mortgage, Roth conversions and where to pull money from to pay the taxes. Thanks!
I have other videos specifically on all those subjects!
Please continue more of the case studies with real examples using RightCapital. Love it.
You got it.
Very helpful! Thank you.
Glad it was helpful!
Very helpful! Can't wait for our call
Glad it was helpful!
Love your videos Ari, I’m learning so much. Is there any strategy I should be aware of and planning for if my spouse is 10 years younger than me.
Yes my partner made this one: ua-cam.com/video/WlUf3j4l-3w/v-deo.htmlsi=20uwtY3FAHXUxpGM
My wife and I live off of 5500.00 month. 2 cars paid off and house is paid off. No outstanding large bills-just monthly expenses. We have 5.5 million but it's not enough to give everyone in our family 500k when we die. We need 21m to do just that. So we will both be working full time until we are in our 80s. Our investment returns are averaging about 39%/yr return/reinvestments as most is in nvidia stock. We refuse to move the money ever. I did have over 4000/shrs of tesla 12 yrs ago which I sold to pay off the house and buy 2 teslas. So, the moral is if you know how to invest-you can live broke still depending on what you want to do with your investments when you die.
Well aritculated
Thank you.
You're welcome!
Good examples
Thank you!!
Great case, Ari! does your calculator have ability to add rental real estate, impact of equity in rental estate and impact of rental income on retirement ?
Thank you ! Yes - it can do all of that :)
16 million is more than most will ever see. Fine with me.
Great point. Grateful to be on track for what most would love. Good problems.
You are definitely considering all the moving parts. I would love to know when you recommend each of them to take Social Security in this example. That's my big question right now.
I’ll do a separate video for that topic!
@@earlyretirementari That would be awesome!
I'm wondering how retiree income is actually distributed. Are w/d done annually, monthly...and who does the transactions? You seemed to imply that you, the advisor, does that?
Yes, we do that! Most of our clients prefer monthly but it depends on various reasons (how often the client vacations, how much cash they like on hand, etc.).
Please show the probability of success screen for each scenario
Sorry about that! Will do for the next 👍🏻
Hmmm. Right now my number is $2.5 million, paid of home/vehicles, established on Medicare. So I have to wait 6-8 more years.
How is 57 retiring early, you are almost dead at this age? I am 32 and I want to retire. Do you have any case studies for people like me?
Hi Ari. I watch all your videos. love them very informative. Can anyone have access to your Root planning calculators or only your clients or only employees?
Thank you! I’m glad you find them helpful!
These tools are:
RightCapital
Kwanti
Holistiplan
IncomeLab
And they’re widely available to all but very expensive if not with a firm!
Great video, but you talked too fast and jumped screens to fast for me. Can you do one with someone who is retired already and also collecting SS already.
Sure, would make a video on that topic soon! I'll also do my best to speak slowly 😃
How is 3.4 million = to 2 million?
Can I edits your UA-cam videos?
Bullsh$& 16 million is worth 6 million in the future based on the example participants
Bullsh$&&
Great video!
Glad you enjoyed it