EXACTLY When To Slow Down On Investing. 🤔
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- Опубліковано 11 лип 2024
- Wondering when to ease up on investing without derailing your goals? You're not alone! This video gives you the clear signal you need to slow down investing strategically while still crushing your financial dreams. Learn the exact tipping point to free up cash for what matters most, all while keeping your future secure. Watch now and invest smarter, not harder!
Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started, learn how to make informed financial decisions for a prosperous future. Subscribe for more!
#retirement #retirementplanning #investing
0:00 - 1:57 Generally, when should you slow down on investing?
1:58 - 2:30 Right Capital retirement plan overview
2:31 - 3:19 Sample current investment allocation
3:20 - 4:40 Financial advisor explains when to stop investing for retirement
4:41 - 6:38 Retirement withdrawal strategy
6:39 - 8:21 Retirement & Wealth planning
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Thanks for watching! What are your thoughts on when one should slow down their investments for retirement? Let us know!
I will slow down. Once my body tells me work less and rest more.
When you pull a hamstring because you sneezed is a general rule of thumb people follow :)
Basically my plan. Live off my retirement plan 457b pre tax. Then deplete that over 15 - 20 years. While continuing to contribute to roth ira. Then live on what life is left off roth ira. Giving the kids whats left tax free.
Love it! Thanks for your input. Sounds like you've done your homework! Nicely done!
New guy is great. Yay Chris.
Thanks! Glad you enjoyed it! :)
Has the other gentleman moved on? I liked what added. Hope he’s still around.
I didn’t slow I accelerated my saving until the day I retired. Now after being retired 2 years I’m glad I did.
Glad that worked out for you! That's definitely a good idea for some.. but for those that want to slow down they better have a good reason for it. Thanks for watching!
Jazz Wealth Managers, This made me laugh so much! Thanks for sharing!
Ha! Glad you enjoyed it!
My wife and I maxed everything out and paid off our house before we had kids. Then she stopped working and I put in 20% until the kids were old enough to appreciate travel beyond Disney Land. At that point we figured we had enough invested and we stopped investing in the future and began really investing in family experiences. We were all stocks until 6 years ago. Then we began to move things into some cash and bond reserves. I retire next week and we have 5 years in cash, 3 years in bonds and the rest in stocks.
Another factor to consider: Many (most?) people end up retiring before they planned to retire. In other words, you might want to be "ready" to retire (less aggressive, etc) a few years early, just in case.
Then if you are working those last few years, by definition you are ready to retire and the current earnings are money you didn't count on for retirement so you can either invest it aggressively (because you don't need it right away) or you can spend it (because you don't need it at all) or perhaps even cut back on your hours, etc. (because you don't need to earn as much).
I would use the health savings account last.
When we retire, I assume our 401k are cashed out when it’s moved to a brokerage account. Our 401k has odd funds. Wouldn’t we want to be in fixed income funds when near retirement?
Your so wrong for once. Retired at 65, 60 to 65i saved every penny I could and a year into retirement I have no money worries. I’m not rich at all but with putting everything I could and paying off my mortgage I might as well be rich. My advice for 60 year olds, save everything you can and wait to 65 for Medicare and live your life without a care.
Don't slow down maybe, but I would be putting more money in that cash bucket instead of the market. If you're talking about a typical person that's ready to retire in 3-years or so, they have already have a sizeable portfolio. That money already saved is the machine that's creating more income than one can save on their own that last few years. Stick some extra cash in the Brokerage Account earning 5% or more.
The question of when implies timing. More information is needed. For many, a glide path of a high percentage of equites to more in bonds is important . Bonds are investments too. The concept / terminology of slowing down investments is not right. Reducing volatility and mitigation of SORR is better language to use. Asset Allocation and Location Targets will depend upon other factors such as other income sources, longevity, legacy, etc.
as my co-worker said the other day, his wife's new male friend can figure out their taxes as he floats in my pool.
Yikes... 😬
At current inflation..a car will cost around $1M by 2032.....lol
Math checks out to me 😅
Proof you use a green screen!
Ha! Have no idea what you're talking about :)
when you run out of cash!