We retired in June at 49 with $2M and will have pension coming at 55. My plan is to sell our stocks for 0% capital gains tax for the next 5-6 years and live off the ~$94k a year. We own our home in Europe so our cost of living will be very minimal. The rest of our assets are in Roth and cash.
To be kinda blunt, I am giving up on investing in stocks... I put between 2000 to 3000 every month and it's doing nothing but going down down.... Sooooo frustrating and I only invest in boring big companies. What can I realy do?.
in my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a licensed advisor, especially a situation like yours.
You're right, the value of professional aid cannot be overlooked. I used to handle investing myself but faced some losses 2020, thus consulted an effective fund manager. As of today, I'm just very close to gains of $13Million after subsequent tax deductions.
This is Revolutionary! mind sharing info of this professional guiding you please? growing my excess money to upgrade my social class has been my daily thought, I need someone who can surely help.
Can't divulge much, I take guidance from a Pennsylvania-based advisor 'Karen Lynne Chess' and most likely, the internet is where to find her basic info, simply do your research. Thank me later.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
@@NebiheVergara The issue is people have the "I want to do it myself mentality" but are not equipped enough for a crash and, hence get burnt. Ideally, advisors are reps for investing jobs, and at the first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
@@TimothysScotts How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@WaldronsSousas The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
Nice video to see what's possible just by changing some variables. Thank you for showing us the thought process to see how we can retire sooner than the traditional 65.
So at 11:40 it was stated they could have 4500 per month plus 3600 in travel, which equals 6500 per month x 12 for 78,000 a year. Basically the 4% rule wins again for a couple with 2 mil in the market. Crazy.
ooh interesting point, I previously thought my wife would get spousal support of half my receiving age, I didn't realize it was half my FRA. Thanks Ari.
This was awesome to see you work through all of these variables! We are in a very similar situation as this couple but plus 2 kids to go to college and 2 rental properties that both sets of parents are living in. 👍
Maybe I’m missing something. But when people discuss Roth conversions for early retired they never mention its impact on the aca subsidy. You will pay 8% more for your policy (if you qualify for it)
They saved especially well considering 1 income that’s relatively low compared to his current savings rate, age and income amount. Either they backed down their rate…started super early, inherited an amount or did very very well selecting their investments
As usual, incredibly helpful, Ari. You just convinced me that we need to increase our travel budget for the next several years. Yes, a lot of moving parts in portfolio management decisions. I'm curious - What would be a good goal for them to end with and at what age?
I have a daughter that has some mental disabilities. I was going to set up a special needs trust so that she can keep her SS disability payment but I am rethinking this strategy. Her payments are under $1000 per month. In California, that is very far from a living wage. She is allowed to work 15 hours a week.she will never be able to have an independent living situation on that income.When I die I need to make sure she will have what she needs financially to live. Her inheritance will be around 3 million dollars. I do not want her to have access to these funds for fear someone will swindle the funds from her. I think maybe investing the money in two or three different investments may give her a monthly income of about $6000 a month with increasing income over her lifetime. Is that possible? If so what would you suggest? Thanks
Some feedback. First, thanks for your knowledge and videos. Excellent format and info. But, you are way too conservative. That makes sense. Financial planner title. It’s your job to be that way. But your job should also be to fully transparent and honest with their options. Yes they could retire now and we all know it. So why not at least show them how and pluses or minuses to choosing that route. Of course you may be incentivized from them to continue on working, but you don’t seem like that kind of person. Soooo…..add annuities in and show them how it would look. That way your clients can spend more and then when their account greatly earns over what you are saying in probably 75 percent of scenarios they build back up their account. Instead of mostly likely building up and not utilizing their life’s work. Jmho. And yeah I’m all for dying at zero if one wishes and retire or as you say work at what you enjoy as early as possible. Cheers!🎉
I retired at 33 years old, most of my investment is from single stock and crypto. I never invest in 401k and Roth IRA because those retirement account never help people retired at 35 years old or 50 years old.
Congrats on your win at straight up gambling . However gambling is not a strategy for early retirement. Early withdrawal without penalty is possible out of tax advantage accounts.
I'm tried of the bullshit I got millions can I retire. Now let's get in to this situation. Let's listen normal money saved and average SSA. Oh my goodness normal people money. Bring it around to normal people. Just saying. Oh I can't make money on this money scale please bring me millions to work with.
Unfortunately $1M-$2M (especially pre-taxed) is not that much these days. In the state of CA, $1M can barely buy you a small starter home (1000-1500 square feet) in places like Los Angeles or San Diego, A starter home that needs to be either fixed up or new home that comes with 2% yearly real estate taxes/Mello Roos + HOAs.
Unfortunately you actually need millions to retire before age 65 in most parts of the country. Unless you have a large pension AND social security, it’s not going to be enough.
@@leftysidewinder$1-2 million IS THAT much these days. Listen can make a point without saying something that's obviously and comically false. $2 million is a lot of money and most people will never be able to accumulate that much for retirement. Even in the most expensive locations $2 million and a paid off house gives a person a solid middle class retirement. These fear mongering helps no one. It discourages people and some people who will never achieve multi millionaire status start thinking they can't retire. Don't do that to people. Especially since the numbers say you're wrong.
@@leftysidewinderbut if you own your home already, you certainly do NOT necessarily need anywhere close to $1M to survive in Calif. I personally know of a family in this situation
@@leftysidewinder you can buy a starter home in CA for 450-600, not by the beach but Riverside has thousands of properties that go for that amount. CA is expensive for sure but only if your planning to live next to the coast of LA (Which is a dump)
We retired in June at 49 with $2M and will have pension coming at 55. My plan is to sell our stocks for 0% capital gains tax for the next 5-6 years and live off the ~$94k a year. We own our home in Europe so our cost of living will be very minimal. The rest of our assets are in Roth and cash.
To be kinda blunt, I am giving up on investing in stocks... I put
between 2000 to 3000 every month and it's doing nothing but going down down....
Sooooo frustrating and I only invest in boring big companies.
What can I realy do?.
in my opinion, some financial situations can be handled on your own
if you research enough, while others are best navigated in
consultation with a licensed advisor, especially a situation like
yours.
You're right, the value of professional aid cannot be overlooked. I used to
handle investing myself but faced some losses 2020, thus consulted an
effective fund manager. As of today, I'm just very close to gains of $13Million after
subsequent tax deductions.
This is Revolutionary! mind sharing info of this professional
guiding you please? growing my excess money to upgrade my social class
has been my daily thought, I need someone who can surely help.
Can't divulge much, I take guidance from a Pennsylvania-based
advisor 'Karen Lynne Chess' and most likely, the internet is where to
find her basic info, simply do your research. Thank me later.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
@@NebiheVergara The issue is people have the "I want to do it myself mentality" but are not equipped enough for a crash and, hence get burnt. Ideally, advisors are reps for investing jobs, and at the first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
@@TimothysScotts How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@WaldronsSousas The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
@@TimothysScotts Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
Thanks for this. It’s almost exactly my situation and question.
You’re welcome!!
Great video Ari! This is exactly what we needed to hear! We have the same exact profile and situation. ❤
This was great, Ari. I like how you switch up so many variables and things change drastically as a result.
Glad you liked it!
Thanks Ari for another great video! It's always great to see how you make the decisions based on all the variables in your case studies.
Nice video to see what's possible just by changing some variables. Thank you for showing us the thought process to see how we can retire sooner than the traditional 65.
Glad you enjoyed it!
This content is very relevant. Thanks.
So at 11:40 it was stated they could have 4500 per month plus 3600 in travel, which equals 6500 per month x 12 for 78,000 a year. Basically the 4% rule wins again for a couple with 2 mil in the market. Crazy.
Don't forget the taxes
Yay! I have been waiting for this! Thank you! My husband and I are documenting our journey on UA-cam and this is import to us.
Great content and explanations. Thanks 🙏
ooh interesting point, I previously thought my wife would get spousal support of half my receiving age, I didn't realize it was half my FRA. Thanks Ari.
You are welcome!
Excellent commentary; thanks, Ari!
Glad you enjoyed it!
This was awesome to see you work through all of these variables! We are in a very similar situation as this couple but plus 2 kids to go to college and 2 rental properties that both sets of parents are living in. 👍
Thanks for sharing!!
Maybe I’m missing something. But when people discuss Roth conversions for early retired they never mention its impact on the aca subsidy.
You will pay 8% more for your policy (if you qualify for it)
Great analysis
What this video shows me is that you have an incredible software program.
They saved especially well considering 1 income that’s relatively low compared to his current savings rate, age and income amount. Either they backed down their rate…started super early, inherited an amount or did very very well selecting their investments
As usual, incredibly helpful, Ari. You just convinced me that we need to increase our travel budget for the next several years. Yes, a lot of moving parts in portfolio management decisions. I'm curious - What would be a good goal for them to end with and at what age?
So glad!
In the charts, it is difficult to see the difference between current and proposed. Can I suggest a change in the program colors so it pops out more?
No
Please help, how to get a hold on the software you are using?
ari-taublieb.mykajabi.com/early-retirement-academy
@@earlyretirementari with purchase of the academy package, will the software be web based or I can install on my personal computer?
@@datbio7302 web.
I have a daughter that has some mental disabilities. I was going to set up a special needs trust so that she can keep her SS disability payment but I am rethinking this strategy. Her payments are under $1000 per month. In California, that is very far from a living wage. She is allowed to work 15 hours a week.she will never be able to have an independent living situation on that income.When I die I need to make sure she will have what she needs financially to live. Her inheritance will be around 3 million dollars. I do not want her to have access to these funds for fear someone will swindle the funds from her. I think maybe investing the money in two or three different investments may give her a monthly income of about $6000 a month with increasing income over her lifetime. Is that possible? If so what would you suggest? Thanks
Some feedback. First, thanks for your knowledge and videos. Excellent format and info. But, you are way too conservative. That makes sense. Financial planner title. It’s your job to be that way.
But your job should also be to fully transparent and honest with their options. Yes they could retire now and we all know it. So why not at least show them how and pluses or minuses to choosing that route. Of course you may be incentivized from them to continue on working, but you don’t seem like that kind of person.
Soooo…..add annuities in and show them how it would look. That way your clients can spend more and then when their account greatly earns over what you are saying in probably 75 percent of scenarios they build back up their account. Instead of mostly likely building up and not utilizing their life’s work. Jmho. And yeah I’m all for dying at zero if one wishes and retire or as you say work at what you enjoy as early as possible. Cheers!🎉
Is health care health care health care. Premiums deductibles out of pocket. Only concern
Where can I send my numbers for you to run a video?
How is this even a question? Disconnected from most
Correction-you can no longer take out spouses SS anymore. New law passed.
I retired at 33 years old, most of my investment is from single stock and crypto. I never invest in 401k and Roth IRA because those retirement account never help people retired at 35 years old or 50 years old.
You could also save up some money and go put it all on black 12 times in a row 🤷♂️
We believe you
Congrats on your win at straight up gambling . However gambling is not a strategy for early retirement.
Early withdrawal without penalty is possible out of tax advantage accounts.
Sound advice, thanks.
And he calls that retirement 🫠
I'm tried of the bullshit I got millions can I retire. Now let's get in to this situation. Let's listen normal money saved and average SSA. Oh my goodness normal people money. Bring it around to normal people. Just saying. Oh I can't make money on this money scale please bring me millions to work with.
Unfortunately $1M-$2M (especially pre-taxed) is not that much these days. In the state of CA, $1M can barely buy you a small starter home (1000-1500 square feet) in places like Los Angeles or San Diego, A starter home that needs to be either fixed up or new home that comes with 2% yearly real estate taxes/Mello Roos + HOAs.
Unfortunately you actually need millions to retire before age 65 in most parts of the country. Unless you have a large pension AND social security, it’s not going to be enough.
@@leftysidewinder$1-2 million IS THAT much these days. Listen can make a point without saying something that's obviously and comically false. $2 million is a lot of money and most people will never be able to accumulate that much for retirement. Even in the most expensive locations $2 million and a paid off house gives a person a solid middle class retirement. These fear mongering helps no one. It discourages people and some people who will never achieve multi millionaire status start thinking they can't retire. Don't do that to people. Especially since the numbers say you're wrong.
@@leftysidewinderbut if you own your home already, you certainly do NOT necessarily need anywhere close to $1M to survive in Calif. I personally know of a family in this situation
@@leftysidewinder you can buy a starter home in CA for 450-600, not by the beach but Riverside has thousands of properties that go for that amount. CA is expensive for sure but only if your planning to live next to the coast of LA (Which is a dump)