Successful Retirees Track FOUR Numbers
Вставка
- Опубліковано 7 лют 2025
- The successful retirees I know, track these 4 numbers. - Dave Zoller, CFP®
Video I mentioned at the end
• How to Take Retirement...
🎯 Get The 5-Minute Retirement For Free 🎯
streamlineplan...
✅ Apply For A Free Retirement Planning Session ✅ streamlineplan...
❤️ My Favorite Retirement Planning Software+Video Walkthrough❤️
Achieve Your Successful & Secure Retirement WITHOUT A Financial Advisor
streamlineplan...
-----------------------
⭐️ POPULAR RETIREMENT VIDEOS ⭐️
1️⃣ How To Organize Your Retirement with 7 MUST-HAVE ACCOUNTS
• CFP® Explains: How to ...
2️⃣ 5 BIG Retirement REGRETS
• 5 BIG Retirement Regrets
3️⃣ Dave Ramsey Reaction: 8% Withdrawal Rates?
• Dave Ramsey Reaction t...
4️⃣ How the RICH Invest Their Money
• Here's How The Rich In...
5️⃣ 7 Things Happy Retirees Do Well. Retirement Planning Tips From Recent Retirees
• 7 Things Happy Retiree...
-----------------------
Streamline Your Retirement by getting these 3 key parts right!
1) Tax-efficient Withdrawal Planning
2) Investment Planning
3) Tax Reduction Planning
My name is Dave Zoller and I own Streamline Financial along with our team of retirement planning specialists.
Streamline has been helping people retire for over 25 years and I've personally been working with clients for the last decade and a half.
We can only work with a select number of clients so we created this channel to share what's working well for the families we help.
We both know that RETIREMENT IS MORE THAN MONEY so you'll see the financial strategies along with the non-financial strategies to make sure this next stage is YOUR BEST YET!
Disclaimer: Since we don’t know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Streamline Financial Services, LLC or its members cannot be held liable for any use or misuse of this content.
Affiliate Disclaimer: This post may include affiliate links where we may earn a payment when you click on the links at no additional cost to you.
Disclosures: Securities offered through LaSalle St. Securities LLC (LSS), member FINRA/SIPC. Advisory services offered through LaSalle St. Investment Advisors LLC (LSIA), a Registered Investment Advisor. Streamline Financial Services is not affiliated with LSS or LSIA. LSS is affiliated with LSIA.
I can’t stop saving after retirement.
Great video! I had around 30k net Worth in 2012 at age 28 when i bought my first home in LA. Then got a second home in 2017 and rent my first one. Now today at 40 years old with a family of 7 i have around 1.1M net worth. And making under 100k in the past 10 years. Hope i am on track to having over 5M by the time i retire. Finances are exponential. Live above your means, borrow, and your debt can spiral exponentially. Live below your means, invest, and your net worth can grow exponentially.
For us, I don't think there was a better way to do it than to work together to build a line-by-line retirement expense worksheet on a monthly and annual basis. The monthly expenses were helpful to identify timing differences during the year when extra cash was needed. We also identified wants versus needs so we immediately know what to adjust if we need to lower expenses based on the market. 18 months in and all is going better than we forecasted. We wish the same for you.
Nicely done.. thank you for sharing!
Starting the first year of my retirement, between military retirement, military disability, and FERS (another pension) I'll take home (after taxes and medical), roughly $6500 a month. Then there's my wife's FERS and TSP (401k), my TSP, and our savings. It's just about figuring out where I want to draw first, and how much I'll need to draw, before taking social security.
Tracking spend does become more important for sure.
I think it’s smart to track things beyond just what’s in the bank account
I like your recommendation of tracking years of safe money. Definitely need a couple years worth to get through the downturns without having to sell at a loss.
Excellent video Dave. And great job calling out Monarch Money and Tiller - both are excellent financial tools. I just subscribed.
Thanks Dave! Another informative video for all of us!
As we prepare for next year’s retirement, we plan to use our Excel document and manually enter as the months goes by. This is helped us for the past 20 years and has been modified as we’ve gone through life.
We feel manually entering data allow us to measure a “pulse” on our cash flow.
Semper Fi ❤️🇺🇸
That's a great plan.
I got rid of one vehicle in retirement, one less insurance payment, registration and maintenance
Makes sense!
Good call! We'll be doing the same thing.
Already doing all of them. Thanks for the confirmation. Yes, they bring me peace of mind.
Very clear explanation, thanks
Glad it was helpful!
Very productive infirmation. Thanks
Glad it was helpful!
Excellent videos !!
Thank you very much!
Re fixed costs , just pick 3 months at random and check through your statements . That will be close enough to see what average outgoings are.
Great idea
I'd say pick one in middle summer and one in middle winter and then multiply each by six. That'll be a lot closer because, in most places, the heating, cooling, and water costs will vary a lot between the two seasons. In some places other expenses might also vary by season (e.g. dealing with snow removal; taking care of the pool).
Excellent video
Thank you very much!
Great tips
Glad you like them!
Thanks !
You're welcome!
Does one calculate taxes due from an IRA as a liabiity against net worth?
Not usually, right.
But what if one takes a $100K conversion of TradIRA => RothIRA and then pays the incremental tax due of say, $24K. Is that a reduction in NetWorth?
So I track my total NetWorth but also my after-tax networth (Roth, HSA and non-IRA assets) somewhat separately.
Great stuff, thank you so much! If you were Canadian, I would probably reach out.
In your point #2, what number do you use for Real Estate: It's unclear what number to insert because if it's net worth, it's the value of the home. We can't always look out the possible value we could sell home. What about when you have the house paid. Or you mean as a seprate asset class in Brokerage, like you do for Crypto, maybe you meant value of REIT current value in the broker or elsewhere (i.e. if one already owns fully paid) however applicable?
What's a good investment management software to use in retirement to manage multiple accounts in aggregate using asset allocation?
I'm 63, retired, and I've had my money in S&P 500 funds (100℅ stock) since I started investing. I have made a great deal of money with my FA Kathie and I see no reason to change. The S&P 500 has made an average of 9.8% returns over the past 100 years. International and Bond funds are losers in my opinion because they don't make much money. This is just my amateur opinion which may not work for everyone
Maybe I'm just more ok with Risk but I feel like, as someones FA, letting them have 7.5yrs of cash/cash equivalents is a red flag. I cant think of any rational situation that 7 years cash is appropriate. Educate me?
Thanks for commenting. Everyone's plan is different and it won't work for all. She had the funds available and was able to have this amount in conservative without hurting her plan. She was able to lower the risk and still have a very high chance of success.
Expenses should be about the same or less. Stop over thinking and over paying for things. Learn how to buy groceries and shop without overpaying. Net worth is easy if you have no liabilities when you retire
I just retired. I have been using Monarch Money for over a year now, Prior was Mint, to track all expenses and goals. Excellent tool to determine the monthly expenses and running reports. I focus on liquid assets (not physical unless you can quickly sell them) I need a place to live so I don't count my home and cars in this calculation. I agree w/ your investment allocations. My advisor runs worst case scenarios to provide piece of mind plus we have 200k in safe money. This may be way too much but the S-Show election and Bidenomics we are experiencing, I rather error on caution side
Net worth is just for fun. You do not want your net worth to just keep going up. What's the point of that?
hi
I got rid of everything accept my carryon bag.
Rocket Money is excellent at tracking , all automated
Thank you!