How To Make A Plan For Early Retirement
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- Опубліковано 29 вер 2024
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Video host: Jaspreet Singh
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Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $730K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Sandy Barclays can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
Sandy Barclays program is widely available online..
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
I appreciate the professionalism and dedication of the team behind Sandy’s trade signal service.
Sandy goes deeper than just looking at surface-level trends. she explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 3500+ units. I do not work.
I only contribute 5% to receive the full company match, and that's the extent of my participation.the 401K plan is structured to keep you working until retirement age, and fortunately, the government can't tap into it... yet!"
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.
@TonyRiley-qb7sw Did you completely liquidate your 401K and IRA accounts, withdrawing all the funds? If so, could you share the reasoning behind that decision? I'm curious to understand your thought process.
I gained insights into govt. actions from Monica Mary Strigle a certified wealth manager. Sh enlightened me on the benefits of long-term Treasuries nd alternative invstmnts, which the govt. doesn't publicly disclose.
Recently, they've been investing in promising startups, bonds, digital currencies backed by tangible assets, nd precious metals, while manipulating stck mrkt decisions influenced by Congress and driven by recurring events nd consumer sentiment ovr the past five years.
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory
Agreed, having a good financial advisor is invaluable, my portfolio is well-matched
for every season of the market and has just yielded 120% from early last year. I and my
advisor are working on a 7 figure ballpark goal, tho this could take another year.
@@beautifulpeoplealways who is this professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
Annette Louise Connors is the licensed advisor I use. Just google the name and you’d find necessary details. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
excellent share, curiously inputted Annette Louise Connors on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
I’m 47. Which I understood this 10 yrs ago. I was busy with kids lol.
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
this is huge! mind if I look up the advisor that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified
I completely agree on retirement accounts you’re making a deal with the government that taxes will be lower in the future…
Here’s my deal with the government: I have millions in traditional 401ks that will never pay one dime to the state of CA because I’m leaving this state in retirement. Totally worth it just to have that satisfaction.
@@edhcb9359 hahaha except CA will tax you for something like 10years after you leave
@@1DwtEaUn Simply not true. But go ahead and hate if it helps you.
@@edhcb9359 So they didn't implement that? 4% a year on anything over $5000 was the last proposal I saw.
If you want to plan for retirement some of your money for your children for their future and some money to travel the world
$1.7M in retirement and retiring in a rent free place in India sounds like a good plan to me. $70K is around 5.6 million indian rupee, that's plenty to live a lavish lifestyle.
Yes and lot of folks who are working abroad are thinking of exactly that as most of them own homes back in India
Don't forget to account for:
30% Harrisflation/yr
20% unrealized gains taxes
That hurt to read.
The issue is you need alot of money to get started to create cash flow
in my position, i could live comfortably in the midwest at 50K or less a yr
You must not be married with kids.
@@tonyherdina9142 4 daughters by 4 different women , all grown (over 18) - i am good Bro!
Good for you!
It can be done, but just like anywhere else, it depends on the where in the midwest and the type of lifestyle you want.
One important thing to consider is access to Healthcare; options, cost and proximity.
That is just good enough to stay alive.
I agree ❤️
Retiring extremely fast is the video we’ve all been waiting/looking for!!
Just make and invest more money in assets that are not held in retirement accounts. It really is that simple. Doing it is the challenging part.😅
70k for a year.... us fake dollar has really appreciated a lot nowadays... 🤣😂🤣
Where does a 19 yr old get the money to buy houses
Mostly from TikTok
I do not appreciate the shot fired about my Toyota Camry.
🙂
Do you think it would be prudent to get out of the stock market right now and to go in total cash and wait to see if the market crashes and then buy stocks at that time?
That would be timing the market and everyone advise against it. I don’t know your personal situation but I would say that’s not the way to go if you have an investing strategy and enough time to wait for the market to recover in case we see a crash. In case you still want to time the market, you might as well keep what you already earn and safe what you were planing to invest in a HYSA in case a market crash occurs. Hope it helps
@@jeancarlosfigueroaramirez4778 Thank you so much!
@@jeancarlosfigueroaramirez4778 Thank you very much. I like your answer. Cheers.
@@jeancarlosfigueroaramirez4778 You nailed , This is exactly what I'm doing .
Why not just DCA and buy the dip? That way you dont miss out on high days.
1st 🥇 watching now