The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Thanks for the information!! She appears to be well-knowledgeable and accredited. I ran a Google search on her name and came across his website, thanks for sharing.
Here’s a benefit very few folks know about; tuition in most state is free for folks 62 and older. You just have to pay the class /student fees. In addition,there are several benefits you can take advantage of by being a student. Since most classes have an online option, you can take a class from anywhere.
Thank you, for posting another excellent video. As a new retiree (to date less than 12-months), my list of things to own prior to entering retirement are as follows: 1st) Ownership of a single family home, townhouse, or condominium; 2nd) Ownership of a "good working" automobile; 3rd) no personal loans but, to have two (2) or three (3) major credit cards with a zero balance; 4th) a "good" health insurance plan or policy; and 5th) liquid cash of $100,000 or more. Each of these items has made a big difference in my quality of life during my first year of retirement (smile...smile).
1 car works fine for me and my wife, 3 years now. We live in area that is walkable. Sometimes I go several days without driving. The few times we needed 2 cars, we rent.
Yes I think if you both are very active and independent 2 cars might be needed but if you are very companionable and can work it out you only need one. I have a very old car but I drive very little and it's going to outlive me. It costs next to nothing to run, about $100 a month with insurance being the biggest part of that. When I get too old to drive I'll just uber to the grocery and the doctor....
Yes, it can be done. Due to supply chain issue last year, my son's car was disabled for nine months while a part was back-ordered (along with about 30,000 others of the same make and model). During that time, I let my son have my car and my wife got along fine with one car, even though I was working full-time then. Our only "outside assistance" in those nine months was--three round trip Uber trips (one of which turned out to be unnecessary); two one-day car rentals; and two intercity Amtrak trips---for a total of about $300. It took some cooperation and planning, but nothing that couldn't be worked out by two people who have been married for 30+ years. When my car dies, I may or may not replace it, but at least I have the freedom of knowing that my car's death will not be a critical emergency, and that I won't have to rush out and buy a new car immediately.
One comment that I never hear -- based on the fun comment that you made re having dog treats in your pocket -- I have recently found that owning a pet is incredibly expensive. I hadn't owned a pet for years and this year acquired a puppy and cannot believe how much I have spent on this pet. For those of you who already have a pet you will probably keep it but for those of you considering this it really affects how much you can save and where you put your time and attention. I don't hear people talk about this enough. Its a huge consideration.
I own my own home and a good friend of mine told me she said she works with the elderly she said if you ever retire, do not sell your home because I've seen so many people retire sell their homes and move into Apartment complexes and their health deteriorates so fast because they don't. Have the movement that they used to have Care for their home. AI love my home. . It's a blessing in many ways. Do not buy a home too big i have 5yr emergency fund due positive frugle living,,,.
Hi Azul. Love your recommended at retirement "one should have" list. Being a single income Family of 5, we saved dimes / nickles for years and years. Always buying used, always doing low cost family outings, always using coupons. And in the background, we saved 25% income and re-invested (for future and/or rainy day emergencies). We even paid for 2 of our kids to earn 2 x diplomas each in college. Finally, I was able to retire at age 60. Yes. Finally. And, luckily, we have your recommended 7 items "at retirement". Long mumblings short, the advice in your videos does work. Thank you for sharing and teaching others that "focus and self disipline" does work! Great work!
I'm so happy I made productive decision about my financial that changed my life forever, hoping to retire next year... Investment should always be on any creative man's heart for success in life..
Yes, it feels overwhelming when you are starting out. But with time you will find your foot. I suggest sticking with one who understands your Short and long term goals, I will personally recommend you to, Joyce Wooldridge count because I work with her. But I am sure there are other ones too.
No doubt!! I never knew Ms Joyce Wooldridge had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
In Germany and probably most of Europe, it is mostly easier. We have mandatory pension, health and longterm care insurance for most people. The cost is shared between employers and employees. It is affordable even for people with low income, because it is proportional to the income. So everyone has reasonable health care, only those with low income have a poor pension, and have to work until 67.
In the US, people rail against paying taxes, not realizing what they are giving up. Consequently, many don't get proper healthcare, can go bankrupt due to illness, infrastructure is lacking...
Indeed; I retired at 58 and at 60 I passed out one day. The docs found a genetic heart condition that had never manifested itself. I struggled with heart failure for about eight years but then they did a procedure that 85% improved it. I feel young again. Retirement is much much more enjoyable since then!
Excellent advice. Especially on maintaining our health. Without good health we have nothing. Recently I suffered a accident at work due to a careless coworker. I needed surgery on my shoulder as well as being very sore all over. This impressed upon me the value of a few close friends who were there for me in my time of need. And the value of good solid health and fitness. Lastly the importance of leaving work as soon as possible. So many places in the world I want to see before my time is up. I enjoy your videos.
If you focussed more on owning health and getting people to be active then ditch the two (or more) car ownership. Get a bike, walk, use public transport, share cars with neighbours. Many thanks from across the pond.
I live north of Houston Texas, unfortunately a lot of neighborhoods are designed so they’re not walkable to anything. We do not have public transportation in the states like Europe does. I’d like to move to a city where I could walk or bike ride to the store or restaurants. If I try here I’d be killed by cars driving 60 mph.
@@texasjody9835 Thank you for your comment. I appreciate that a lot of neighbourhoods in the US are designed around the car. My comment was made to try to get more thinking about the benefits to everyone of exercise and how best to incorporate that into daily living.
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2023 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
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
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
With the current low-interest rates, your cash is losing value due to inflation. It might not be the best way to grow your retirement fund You don't have to put all your savings in the market either. It's about finding the right balance between safety and growth. Consider consulting a financial advisor to create a retirement plan that aligns with your goals
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Do you have an advisor? Is your advisor a fiduciary? Does your advisor have you in individual stocks? If not a fiduciary or has you in anything but index funds, leave your advisor. My guess is you rebalanced bonds do to your risk tolerance. Bonds have been awful for several years. Many folks with a 60/40 portfolio have also underperformed. Down 13.7% had to be from more than just rebalancing. Even a 60/40 portfolio made a good return in 2023.
I'm a bit far from RETIREMENT but all of this are 💯 FACTS The 2 most important thing that will AFFECT your LIFE. Whether you like it or not is... HEALTH and MONEY ❤
You know, Azul, that our financial advisor suggested that we held enough to live off for two years when we retired as cash. It turned out that our retirement was followed by a crash a couple of years ago which has just about resolved. It’s been a scary time, financially speaking, but we were able to leave our pot intact. We were able to readjust our spending, and get a small income stream that stretched it out. Phew..😮💨
A car is not a necessity, much less two, for those of us who live in walkable places. In addition not having a car helps increase exercise opportunities i.e. walking or biking.
Totally agree. People hang onto their cars way too long. Folks should transition to walkable locations, public transit, or at least rideshares, BEFORE they need it, not after.
Unfortunately, a lot of areas that have good transportation also have a high cost of living. I am very lucky to live in an area that has a low cost of living AND a good public transportation system. My wife and I can get along (and have gotten along) fine with one personal vehicle. A good thing about being retired is that you have some more time available to put into transportation--you (hopefully...) don't have as much absolute need to get in the car and get there "RIGHT NOW"!
Yes, see Dr Ellie Dental Care program here on UA-cam and another dentist providing holistic prevention . Both use xylitol after meals . Seems very effective. Dr Mark Burhenne, DDS also. These are both valuable.
Thanks so much for your videos. I really enjoy them all! I have a question: if you have 1year of emergency funds in the bank, aren’t you loosing money to inflation? Wouldn’t it be better to keep in a cd or short term bonds?
add a few horse cookies they love on you even more i have the dog cats horses and donkeys and the chickens plus a bunch of wild deers cookies are great and the smile is greater
Ohh my God… what is this man’s accent… I love his accent… I can listen to him forever. Even if it is financial information as it looks like 👍 fine I will take that 😂 I live in Norway 🇳🇴 so please don’t shame about my terrible knowledge of American accents 😊
Car: check Health care: check Health: check Emergency fund: check Own a home: check Stay sharp and enjoy life: check Pets: had a dog most of my life but not now. Maybe again
Regardless of whether you're a Wise person, it's best to consult a professional advisor right away. As a business owner in the service industry as well as an ebay reseller of all product categories, I can attest to the fact that we are in a severe recession and that everyone is running out of money
Does having Gold in portfolio make sense? What about creating a video on Equity, bonds, Gold, Crypto, RE, Art Collection and if all these investments have place in portfolio?
The decision on when to pick an advisor is a very personal one. I take guidance from ‘ Monica Mary Strigle ‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
You are correct about CA's Prop 13 controlling property taxes. But it is a limit on increase not a ban on increase. The annual bill can go up to 1-2%/year, if the market value of the property increases.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
It's interesting. I used to sit with my laptop listening to you walk and talk. Now I walk while listening on my phone while you sit and talk. Is this karma? 😃
Long term care insurance is just too expensive and I hear lots of horror stories about firms wiggling out of paying. People assume they need to come up with $10,000/month but don’t think about funds income they can redirect to cover it. That’s true if there is a spouse to support but for a single person all income and eventually proceeds from a house can be tapped.
Well, with a couple the one not entering the NH is allotted an amt. to keep & the house to live in, but after the death of the second person...the house is still retrievable by Medicaid.
My parents were lucky and signed up back in the early 90s when rates were low and before insurance companies apparently understood what they were getting into. They've since wised up. There is a 100 day "wait period" after you first apply for benefits. And they will nit and pick and try to weasel their way out of paying if they see an opportunity. Long and short of it was that it took about five months before I finally saw the money tap turn on. After that there were no problems just the busy work of having to upload invoices every week (he was receiving homecare, not in a facility). But now, I am not sure I would do it.
I’m fortunate, my wife and I do just about everything together, on the rare occasion one of us goes somewhere by themselves the other stays home or does something that doesn’t need a car.
My only regular activity that requires a car is my daily trip to the gym, which is two miles from my house. My wife thinks that this is hilarious. I go to a "cheap gym" (tm) that is open 24/7, so I have infinite flexibility in the time that I need a car to get there.
Azul...Appreciate the information you share. My question is regarding an online retirement planner/guide you have mentioned in the past. Share the name of that site? Thanks!
Well, let's see...if you figured around $100,000 a yr. for assisted living (for about 4 yr's. I think that's around average) & then $100,000 for a yr. in a nursing home (most people don't go much beyond a yr.) then that would be $500,000.
0:09 You Need A Car 0:39 Insurance 2:36 Own Your Health 4:03 Emergency Fund 6:58 Own A Home 7:52 Curiosity, Passion, Adventure 8:47 Pocket With A Few Dog Cookies (or whatever puts joy in your heart)
YES!!! That’s exactly her name (PATRICIA VESELY) so many people have recommended highly about her and am just starting with her from Brisbane Australia 🇦🇺.
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Thanks for the information!! She appears to be well-knowledgeable and accredited. I ran a Google search on her name and came across his website, thanks for sharing.
Eating healthy (real food cooked at home) and regular exercise is the single cheapest and best thing you can do in life.
100% true!!
Yes - start early in life!
Here’s a benefit very few folks know about; tuition in most state is free for folks 62 and older. You just have to pay the class /student fees. In addition,there are several benefits you can take advantage of by being a student. Since most classes have an online option, you can take a class from anywhere.
Thank you, for posting another excellent video. As a new retiree (to date less than 12-months), my list of things to own prior to entering retirement are as follows: 1st) Ownership of a single family home, townhouse, or condominium; 2nd) Ownership of a "good working" automobile; 3rd) no personal loans but, to have two (2) or three (3) major credit cards with a zero balance; 4th) a "good" health insurance plan or policy; and 5th) liquid cash of $100,000 or more. Each of these items has made a big difference in my quality of life during my first year of retirement (smile...smile).
1 car works fine for me and my wife, 3 years now. We live in area that is walkable. Sometimes I go several days without driving. The few times we needed 2 cars, we rent.
Yes I think if you both are very active and independent 2 cars might be needed but if you are very companionable and can work it out you only need one. I have a very old car but I drive very little and it's going to outlive me. It costs next to nothing to run, about $100 a month with insurance being the biggest part of that. When I get too old to drive I'll just uber to the grocery and the doctor....
Yes, it can be done. Due to supply chain issue last year, my son's car was disabled for nine months while a part was back-ordered (along with about 30,000 others of the same make and model). During that time, I let my son have my car and my wife got along fine with one car, even though I was working full-time then. Our only "outside assistance" in those nine months was--three round trip Uber trips (one of which turned out to be unnecessary); two one-day car rentals; and two intercity Amtrak trips---for a total of about $300. It took some cooperation and planning, but nothing that couldn't be worked out by two people who have been married for 30+ years. When my car dies, I may or may not replace it, but at least I have the freedom of knowing that my car's death will not be a critical emergency, and that I won't have to rush out and buy a new car immediately.
One comment that I never hear -- based on the fun comment that you made re having dog treats in your pocket -- I have recently found that owning a pet is incredibly expensive. I hadn't owned a pet for years and this year acquired a puppy and cannot believe how much I have spent on this pet. For those of you who already have a pet you will probably keep it but for those of you considering this it really affects how much you can save and where you put your time and attention. I don't hear people talk about this enough. Its a huge consideration.
I own my own home and a good friend of mine told me she said she works with the elderly she said if you ever retire, do not sell your home because I've seen so many people retire sell their homes and move into Apartment complexes and their health deteriorates so fast because they don't. Have the movement that they used to have
Care for their home. AI love my home. . It's a blessing in many ways. Do not buy a home too big i have 5yr emergency fund due positive frugle living,,,.
Don’t forget free audiobooks through the public library.
Hi Azul. Love your recommended at retirement "one should have" list. Being a single income Family of 5, we saved dimes / nickles for years and years. Always buying used, always doing low cost family outings, always using coupons. And in the background, we saved 25% income and re-invested (for future and/or rainy day emergencies). We even paid for 2 of our kids to earn 2 x diplomas each in college. Finally, I was able to retire at age 60. Yes. Finally. And, luckily, we have your recommended 7 items "at retirement". Long mumblings short, the advice in your videos does work. Thank you for sharing and teaching others that "focus and self disipline" does work! Great work!
I'm so happy I made productive decision about my financial that changed my life forever, hoping to retire next year... Investment should always be on any creative man's heart for success in life..
I'll advise you to work with a financial advisor....Building a good investment portfolio is more complex so I would recommend you seek.
Yes, it feels overwhelming when you are starting out. But with time you will find your foot. I suggest sticking with one who understands your Short and long term goals, I will personally recommend you to, Joyce Wooldridge count because I work with her. But I am sure there are other ones too.
No doubt!! I never knew Ms Joyce Wooldridge had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
In Germany and probably most of Europe, it is mostly easier. We have mandatory pension, health and longterm care insurance for most people. The cost is shared between employers and employees. It is affordable even for people with low income, because it is proportional to the income. So everyone has reasonable health care, only those with low income have a poor pension, and have to work until 67.
In the US, people rail against paying taxes, not realizing what they are giving up. Consequently, many don't get proper healthcare, can go bankrupt due to illness, infrastructure is lacking...
Also don't forget you can get books - physical, e-books and audio from the public library!!!
Hey, there is an important thing about a person's retirement that we have missed. COMMON SENSE is always needed.
In California if you have had your home before Prop 13 became law your taxes do go up but the percentage is modest.
If you don't have your health, it's incredibly hard to live good at all!
Indeed; I retired at 58 and at 60 I passed out one day. The docs found a genetic heart condition that had never manifested itself. I struggled with heart failure for about eight years but then they did a procedure that 85% improved it. I feel young again. Retirement is much much more enjoyable since then!
Excellent advice. Especially on maintaining our health. Without good health we have nothing.
Recently I suffered a accident at work due to a careless coworker. I needed surgery on my shoulder as well as being very sore all over. This impressed upon me the value of a few close friends who were there for me in my time of need.
And the value of good solid health and fitness.
Lastly the importance of leaving work as soon as possible. So many places in the world I want to see before my time is up.
I enjoy your videos.
You really speak the truth about having 2 cars ! Thx for the retirement advice, i appreciate it ✨
If you focussed more on owning health and getting people to be active then ditch the two (or more) car ownership. Get a bike, walk, use public transport, share cars with neighbours. Many thanks from across the pond.
I live north of Houston Texas, unfortunately a lot of neighborhoods are designed so they’re not walkable to anything. We do not have public transportation in the states like Europe does. I’d like to move to a city where I could walk or bike ride to the store or restaurants. If I try here I’d be killed by cars driving 60 mph.
@@texasjody9835 Thank you for your comment. I appreciate that a lot of neighbourhoods in the US are designed around the car. My comment was made to try to get more thinking about the benefits to everyone of exercise and how best to incorporate that into daily living.
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2023 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
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
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
With the current low-interest rates, your cash is losing value due to inflation. It might not be the best way to grow your retirement fund You don't have to put all your savings in the market either. It's about finding the right balance between safety and growth. Consider consulting a financial advisor to create a retirement plan that aligns with your goals
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
You scammers suck
Do you have an advisor? Is your advisor a fiduciary? Does your advisor have you in individual stocks? If not a fiduciary or has you in anything but index funds, leave your advisor. My guess is you rebalanced bonds do to your risk tolerance. Bonds have been awful for several years. Many folks with a 60/40 portfolio have also underperformed. Down 13.7% had to be from more than just rebalancing. Even a 60/40 portfolio made a good return in 2023.
As a Canadian living in a big city - 0 car, 0 medical insurance really needed
I'm a bit far from RETIREMENT but all of this are 💯 FACTS
The 2 most important thing that will AFFECT your LIFE. Whether you like it or not is...
HEALTH and MONEY ❤
3 - 5 yrs goal is to have an "OPTION TO RETIRE"
Audiobooks are free from your library and they don't spam your e-mail.
You know, Azul, that our financial advisor suggested that we held enough to live off for two years when we retired as cash.
It turned out that our retirement was followed by a crash a couple of years ago which has just about resolved. It’s been a scary time, financially speaking, but we were able to leave our pot intact.
We were able to readjust our spending, and get a small income stream that stretched it out. Phew..😮💨
A car is not a necessity, much less two, for those of us who live in walkable places. In addition not having a car helps increase exercise opportunities i.e. walking or biking.
Totally agree. People hang onto their cars way too long. Folks should transition to walkable locations, public transit, or at least rideshares, BEFORE they need it, not after.
Unfortunately, a lot of areas that have good transportation also have a high cost of living. I am very lucky to live in an area that has a low cost of living AND a good public transportation system. My wife and I can get along (and have gotten along) fine with one personal vehicle. A good thing about being retired is that you have some more time available to put into transportation--you (hopefully...) don't have as much absolute need to get in the car and get there "RIGHT NOW"!
LTCI is a racket. You have to be so careful.
Take good care of your teeth! Flossing and brushing is cheap and easy compared to paying for crowns, bridges, implants, etc.
Yes, see Dr Ellie Dental Care program here on UA-cam and another dentist providing holistic prevention . Both use xylitol after meals . Seems very effective. Dr Mark Burhenne, DDS also.
These are both valuable.
I thought Proposition 13 was changing (to assessed value taxes)
Thanks so much for your videos. I really enjoy them all! I have a question: if you have 1year of emergency funds in the bank, aren’t you loosing money to inflation? Wouldn’t it be better to keep in a cd or short term bonds?
Cash in HYSA and CD's , both about 5% now.
add a few horse cookies they love on you even more i have the dog cats horses and donkeys and the chickens plus a bunch of wild deers cookies are great and the smile is greater
Ohh my God… what is this man’s accent… I love his accent… I can listen to him forever. Even if it is financial information as it looks like 👍 fine I will take that 😂
I live in Norway 🇳🇴 so please don’t shame about my terrible knowledge of American accents 😊
IDK, Perhaps a Midwestern accent ?
Azul, what is your accent ?
Car: check
Health care: check
Health: check
Emergency fund: check
Own a home: check
Stay sharp and enjoy life: check
Pets: had a dog most of my life but not now. Maybe again
As i like to say...Better than I deserve, DAVID.
👍
pets add life to your life
All sounds good but not everyone can afford the long term care insureance.
Your taxes do go up under prop 13 they just don’t go up to full market value. They can only rise I think it’s 2% a year.
Yes, and that is still very high for our property taxes .
Regardless of whether you're a Wise person, it's best to consult a professional advisor right away. As a business owner in the service industry as well as an ebay reseller of all product categories, I can attest to the fact that we are in a severe recession and that everyone is running out of money
Glad to see that you’re a Mopar man! Nice challenger at about the 0:20 mark!!
Does having Gold in portfolio make sense? What about creating a video on Equity, bonds, Gold, Crypto, RE, Art Collection and if all these investments have place in portfolio?
With 22% of Americans lacking retirement savings, I'm seeking advice on growing my depleted $120k.
Evaluate actions harming your finances, like carrying over credit card debt monthly.
Take small steps; any progress beats inaction.
Create a budget with a financial advisor for effective income and expense management.
The decision on when to pick an advisor is a very personal one. I take guidance from ‘ Monica Mary Strigle ‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
You are correct about CA's Prop 13 controlling property taxes. But it is a limit on increase not a ban on increase. The annual bill can go up to 1-2%/year, if the market value of the property increases.
It's 2% per year. Due to Prop 13, my property taxes are only $1,200 a year. If I were to purchase my home today, the taxes would be $12,000 a year.
Health=includes mental health… stay active socially, avoid depression, solve brain puzzlers to stay sharp…
Thanks for the tips!!
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
Please will you be kind enough to share the details of the man that helped you?
Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.
It’s an emergency If you feel it’s an emergency. Thank you.
2 cars for sure !! ACA until age 65 then Medicare. Workout bike and eat healthy organic food. Emergecy fund is peace of mind. I have 8 months worth.
It's interesting. I used to sit with my laptop listening to you walk and talk. Now I walk while listening on my phone while you sit and talk. Is this karma? 😃
That’s funny
Azul will do more walk & talk when spring comes. too cold to do those right now in his neck of the woods.
Long term care insurance is just too expensive and I hear lots of horror stories about firms wiggling out of paying. People assume they need to come up with $10,000/month but don’t think about funds income they can redirect to cover it. That’s true if there is a spouse to support but for a single person all income and eventually proceeds from a house can be tapped.
Like all insurance, one needs to balance the possibility of needing the insurance versus the cost.
Well, with a couple the one not entering the NH is allotted an amt. to keep & the house to live in, but after the death of the second person...the house is still retrievable by Medicaid.
My parents were lucky and signed up back in the early 90s when rates were low and before insurance companies apparently understood what they were getting into. They've since wised up. There is a 100 day "wait period" after you first apply for benefits. And they will nit and pick and try to weasel their way out of paying if they see an opportunity. Long and short of it was that it took about five months before I finally saw the money tap turn on. After that there were no problems just the busy work of having to upload invoices every week (he was receiving homecare, not in a facility). But now, I am not sure I would do it.
I’m fortunate, my wife and I do just about everything together, on the rare occasion one of us goes somewhere by themselves the other stays home or does something that doesn’t need a car.
Exactly, same here.
My only regular activity that requires a car is my daily trip to the gym, which is two miles from my house. My wife thinks that this is hilarious. I go to a "cheap gym" (tm) that is open 24/7, so I have infinite flexibility in the time that I need a car to get there.
Azul, love the videos this in Blighty, comments suck though. 🙌🙌🙌
Azul...Appreciate the information you share. My question is regarding an online retirement planner/guide you have mentioned in the past. Share the name of that site? Thanks!
Honest Math
@azul LTC insurance. Is there a formula or rule of thumb or something to help me decide if i should buy it or self-insure?
At what amount do you self insure? Is 2 million enough?
Well, let's see...if you figured around $100,000 a yr. for assisted living (for about 4 yr's. I think that's around average) & then $100,000 for a yr. in a nursing home (most people don't go much beyond a yr.) then that would be $500,000.
Timestamps please!
0:09 You Need A Car
0:39 Insurance
2:36 Own Your Health
4:03 Emergency Fund
6:58 Own A Home
7:52 Curiosity, Passion, Adventure
8:47 Pocket With A Few Dog Cookies (or whatever puts joy in your heart)
Use bard
LTC insurance is my next planning rabbit hole. I need to understand roughly how much I need to budget for that.
It's gotten expensive.
My advisor (who sells insurance) said it is too expensive. Instead, I have LTC riders on my life insurance and on my disability insurance policies.
I cringe at all of the people I see who still smoke tobacco. Talk about a double-whammy of health risks and the recurring expense for life.
I wish Azul used chapters so I could just skim through his videos to get relevant information but I guess he wouldn't make money that way lol
Use Google bard. Tell it to watch the video and give a summary and the seven items. It's what I did and didn't watch the video
Just my 2 cents, jump cuts are really annoying. A jump cut every 3-5 seconds is wrong.
I’m favoured financially, Thank you Jesus $34,000 weekly profit regardless of how bad it gets on the economy
YES!!! That’s exactly her name (PATRICIA VESELY) so many people have recommended highly about her and am just starting with her from Brisbane Australia 🇦🇺.
Sure! She interacts on what’s Apk using the digit below 👇
Simply Google her name after, and her website will immediately appear
@BryanWarren-cr5ltSure! She interacts on what’s Apk using the digit below 👇
+ 1332
It'll be one car for us. I'm losing my vision and barely drive now. I'll probably be blind before we can afford to retire.
I can’t stand the new video format. Old Azul walking around the city was the best.
Don't you get tired of saying, "fee only financial advisor?" At least 3-4 times in every video...
It's a brilliant sales pitch. This guy is a salesman. He is posting these videos to make money; Not for you, but for himself
@@rajvo7406 It seems that he may be worth it.
A car? Bullshit.
Sorry Azul but your content has reached max suck lately. I don't know what your change is but good luck......
Best retirement car is a Tesla ! No service bills, will do 250,000 miles with zero hassle.
Immune to expensive gas prices.
How much will it cost to replace the battery, and what is the typical useful life of a battery?