I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that I want to invest in a non-retirement account. Where would you invest this as of now?
Look up, dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, you should work with a financial advisor to help set up a well-structured portfolio.
@@MercuriosBakers I agree. Based on personal experience working with a financial advisor, I currently have $800k in a well-diversified portfolìo that has experienced exponential growth from when I started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@BogumilTanski Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
@@JasonsHortons There are many independent advisors to choose from. But I work with MARGARET MOLLI ALVEY and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
@@BogumilTanski Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Not gonna listen and read the comments. 60 years old with $4M. Go spend what the F you want (within reason). You aint got many years left and with SS incoming shortly, you are in great shape. Assuming you did not have a huge windfall to get here, you know what is reasonable spend, what is not. Go SPEND
58 with $3.5M, and a full military pension (worth about $1.6m as an annuity). He makes a great point. Its tough to mentally shift from building wealth, to spending it. My whole life up to this point has been saving, investing, living (way!!) below my means, delaying gratification, etc.. Now I have to suddenly swing that whole mindset around and learn to spend. Yep, first-world problem, but thats why I found this video interesting.
Thanks Ari for another very informative video! I always love the case study vidoe's even when the criteria/variables are different than my scenario because I apply the logic to my personal situation.
Decent video, but in actuality, New Retirement actually does do a lot of this analysis as well. Indeed the return rates and other variables are tweak-able, but any estimate of returns or future tax rates etc. are basically a guess for anyone. I suppose as an advisor, with a YouTtube channel, NewRetirement is more or less your main competition but I’ve found it to be quite comprehensive. And very reasonably priced. Just my two cents.
I think the problem with most people who do well in their savings for retirement have a hard time turning that off. Meaning, they're not "saving" anymore since they're not working and only spending what they have. My wife and I are in the same boat and similar to this situation. I'm looking to retire at 60 and will. My parents both died younger than they should have and I don't want to work till the day I die. I want to enjoy life. We've gotten a similar analysis with our CFP with a similar tool as well. He said we're fine with what we're doing and will be able to spend quite a bit more than what we thought and still have enough left by the time we hit 90 (I think it's always a little funny that the CFPs always look out to 90 when the average life expectancy is much lower than that). I'm ready for it! Thanks for confirming what I thought.
Your title is so,damn funny i had to comment. Answer- Pretty much as much as they want! If they spend more than 40,000 a month then they have issues .i am 63 with about the same amount in cash and equities. I can come close to spending it all. I live large and goof off all day . My accounts still keep going up .
this is all good info, but what really matters is the details behind what you’re investing in. Please do a video on if you live off of dividends, for example, 8 to 15% high yielders.
what are the return percentages for the moderate, and conservative growth scenarios you are using? And is this all in stocks and bonds where you sell each year at Long term CG, or dividends?
Ari, let me introduce you to 2 words “we are”. I hit play on this video bc it says “I’m 60 with $4M…” then the first words out of your mouth are “…case study of a couple…”. So I expect to hear about 2 Roths, 2 401ks, 2 SS checks etc. Listen, I love you and probably end up watching 99% of your content anyway but the headline for this video was particularly of interest to me, personally, single, and then it turns out to be about 2 people. Love from Miami. ps, love it when you talk about your parents. I bet they’re great people and know how proud they have to be of their boychik
I like to keep things really simple. I'd say spend 5.5% of your investment fund per year for the first 15-20 years and then back off to 4.5% per year the rest of your life. Money is more valuable in those years when you are
If advisors were forced to invoice their clients each quarter instead of just draw it from their accounts, there's no way on god's green earth they would earn what they earn. Still, worth paying an hourly advisor in this situation above.
If you are looking to do one of these for a younger person that's burning out and just about ready to call it quits early. 46yo - $2.2M invested ($1M in "Super Hero" account & $1.2M in 401K), $60K in cash. Home has $75K left to pay at 2% with 7 years left, looking to spend $6K a month in retirement. Estimated $2700 a month in SS at 62. Single, no kids. Can I hang up my keyboard? Thanks so much for all you do for us regardless if you decide to do mine or not.
Evaluate if high dividend monthly paying options like covered call ETFs, BDCs, mRETIS, etc. are a fit for you. You won’t have to worry about sequence risk associated with drawing down in a bear market and you can live off of the cash flow.
@@ryanccc777 Did you hack into my brokerage account? LOL I am in all of these as well as some CEFs to bump up my yields. I also have many standard steady payers like JNJ, PG, etc.. Thanks for the reply!
@@BigRed2 I appreciate the perspective and approach. I know a number of people who have utilized income investing for years in retirement. Individual stocks for me carry too much concentration risk and leaving money in a HYSA or CD is not an option and only remotely palatable when rates are high so I stick with broad based high yielding investments. There are a lot of different investments out there for a lot of different people and there different approaches as there is no one best investment strategy for everyone. Best of luck in your investing.
@@ryanccc777 You can live off of the cash flow, until the dividend is cut. The higher the yield, the more likely it is to be cut. And no, you cannot simply take your capital and move to another investment, because before the dividend is cut or at least immediately at the cut the value of your investment drops precipitously. Usually this means that for the amount of capital you *currently* have invested in the now lower dividend payer, it is still paying more monthly dollars than the alternatives. In other words, if you sell and buy something else, you'll get even less per month. So you stay put. And they cut again. And soon you don't have enough to live on and your capital has evaporated. This can happen for any dividend paying investment, but the risk of negative total return is higher with higher yields. High yield is high risk. You gotta do what you gotta do, but if you choose high yield then watch it like a hawk because it can disappear in the blink of an eye.
Hi Ari, great video, keep up the great work! I am like a lot of your viewers who are DIYers and have many different tools including NewRetirement which from my understanding allows for all of the different assumptions/scenario planning you mentioned. If you use the tool correctly, do you feel strongly that it’s spitting out “fake 99’s” in their Monte Carlo simulations?
Thank you. I have clients who have a 99% chance of success that I wouldn’t recommend retire and clients with 99% who should stop working tomorrow. It’s another helpful metric, but doesn’t show the whole story.
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
@WilliamsConleys I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@BriansKitchens Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon...
As an early retiree who has played the market for over 30 years, I would suggest buying a S&P 500 ETF or mutual fund and letting it ride forever. You cannot beat the market performance in the long term. For stocks, the key for determining when to sell is to set a stop order right after you purchase the stock. The stop order would be whatever percentage you feel comfortable losing if the stock goes down. This way, you're eliminating emotions from a future sale. Too many times I didn't set a stop order, and one bad bit of news or bad quarter and before you know it I'm down 50-75% on that stock.
New subscriber and I am sharing my story. My age is 55 and I have zero debt, 110k in the bank, 35k NVDA shares, 401k $270k, IRA 145K and 2 houses in Bay Area with zero mortgages. Just got a Mercedes SUV as my 3rd car. I started saving after marriage only after marriage but will all this be enough to retire?
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$3.3m Less than 3 years until retirement.... I have about 400k in cash. My portfolio has yielded far more than I expected for my retirement. Kudos to my advisor.
@@TungsClementes Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?
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 *MONICA AYAKO VOS* for about five years now, and her performance has been consistently impressive.
Why would you even ask for an advisor if you have 4M at 60? First off, you seem to know how to manage your money otherwise you wouldn’t have what you have. Secondly, you’re about to receive SS money if you choose to retire at 62. Your spending is much more flexible than others. So asking for an advisor on how much you can spend, well… do the math and splurge.
I used to think that, but now I’m a bit different opinion. Building wealth up to $4m shows the smarts to build wealth smart. That does not necessarily mean those same skills will allow you to spend/use wealth wisely. The video is not aimed as investment management (wealth buildkuhg), it’s about wealth management (you have it, so now use it). I look at all the factors and sliding scales he’s employing. He’s taking a lot of stuff into account. Not only is he making you aware of various impactful elements to your financial future, he’s discussing strategies to minimize/maximize different elements. For me the discussion on Roth Conversion was good. I still have about $500k in a Trad TSP. That needs to convert to ROTH at some point, but I need to do so without bumping myself up into one of those 30%+ tax brackets.
Roth has nothing to do with IRA pro-rata rule beyond converting IRA to Roth. The IRA pro-rata rule is concerning after tax (non-deductible) contributions to a tax deferred IRA. Each after tax contribution to a tax deferred IRA becomes part of your tax deferred basis. If you never do an after tax contribution, your basis is $0. If your basis is not $0, when you do a distribution (withdrawal or conversion) from any tax deferred IRA, the portion of that distribution that is "basis" is not taxed, or in other words the basis is taken pro-rata. This means you need to track your basis (cumulative across all tax deferrred IRAs) and compute the percentage of each distribution that is basis. It's a pain in the butt and if I had known about this, I would have done things differently years ago.
Fantastic video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
The key is diversification. Personally, I delegate my investing to an advisor, cos my job doesn't permit the time to perform market analysis myself. Thankfully, my once ago stagnant portfolio has now 5X in barely 4 years, summing up almost 7 figure as of today.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Ari, has a lot of opinions for a guy that looks like he is 19yo! Smart, but not wise? I think a good advisor helps their client figure out what the client wants, and then how to get close to that goal. Money is never the number one risk in retirement, it is always health and death. The biggest problem with the industry is that there is too little emphasis on illness and early death risk, and too much on not running out of money. When one works with the elderly like I have for many years, we come to realize that money matters, but it is completely secondary to the other issues. Regrets over life decisions usually far outweigh dollars. Having only modest money in old age is not usually a problem. Once poor health or spousal death occurs, the regrets over not having maximized life experiences or relationships, far outweigh financial concerns(assuming one is not completely destitute). I have no issues with desire for legacies, but realize that we at age 65 and 67 are still “waiting” to get our legacy from our parents as both moms are still living. It is way too late for us to reap any benefits. We will earmark any funds for our kids and grandkids while young.
Cmon, how many 4x millionaires are using a UA-cam advisor? Less than 7% of u s citizens are worth that and i cant see how so many of us find each o5her in the comment's 😂😂
I have 6m. 3m in cash/stocks, 3m after liquidating real estates. I’m 43 living in the Bay Area with 2 daughters and a wife. Daughters are 11 and 8. I plan to pay thought the college. When do you think I can stop working and live comfortably
What percentage is the compound interest on investments????? That # is crucial to the end results. I'm averaging over 22% over the past 23 yrs. I find calculators that can't go that high. So the whole thing is not realistic if you're good at trading securities.
@@hustlinmagic OG said they do not need his input, implying that you are good to go just because you have racked up 4 million in net assets. That is ignorant. As you have said they should get advice (and they are, from Ari) to manage and grow their wealth. Many, with more, have lost it. I'm not sure how you are saying the opposite of what he is saying, but it means he is correct.
If I Had 4 mil, I’d sell far out of the money NVDA puts. Sell $112 puts that expire on August 30th, you’ll get $33k if you invest 2MM. Then just leave the other 2MM in FDRXX and get $8300 per month
300k in the bank.? Melting ice cube.. Ari- do you not consider the debasement of the currency? Assets are needed. Cash is trash… Seems you must be a Keynesian…
Because root is political, it cannot be healed. The head of state has just demonstrated his willingness to nationalize the economy during this week's policy meeting. The foundations are no longer the same.
Commodities, such as gold, enable access to spot markets and gold futures options. Brokers frequently offer tools and research tailored specifically to commodity needs.
While funding new positions, MO has been an all-star in my portfolio nearly as much as TSM and Nvidia. - M. O. A great deal of hate as well. but up on top of prior gains ytd during the toughest part of the year. That MO six-month chart is stunning.
![This Is What A Real $5M Portfolio Looks Like In Retirement [Case Study] ᴴᴰ](http://i.ytimg.com/vi/OH3lBFfGkA8/mqdefault.jpg)
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that I want to invest in a non-retirement account. Where would you invest this as of now?
Look up, dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, you should work with a financial advisor to help set up a well-structured portfolio.
@@MercuriosBakers I agree. Based on personal experience working with a financial advisor, I currently have $800k in a well-diversified portfolìo that has experienced exponential growth from when I started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@BogumilTanski Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
@@JasonsHortons There are many independent advisors to choose from. But I work with MARGARET MOLLI ALVEY and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
@@BogumilTanski Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Not gonna listen and read the comments.
60 years old with $4M. Go spend what the F you want (within reason). You aint got many years left and with SS incoming shortly, you are in great shape. Assuming you did not have a huge windfall to get here, you know what is reasonable spend, what is not. Go SPEND
Clearly the sensible plan. Not much analysis is required.
58 with $3.5M, and a full military pension (worth about $1.6m as an annuity). He makes a great point. Its tough to mentally shift from building wealth, to spending it. My whole life up to this point has been saving, investing, living (way!!) below my means, delaying gratification, etc.. Now I have to suddenly swing that whole mindset around and learn to spend. Yep, first-world problem, but thats why I found this video interesting.
Certainly a good problem, but still a problem. Glad it resonated.
Thanks Ari for another very informative video! I always love the case study vidoe's even when the criteria/variables are different than my scenario because I apply the logic to my personal situation.
Decent video, but in actuality, New Retirement actually does do a lot of this analysis as well. Indeed the return rates and other variables are tweak-able, but any estimate of returns or future tax rates etc. are basically a guess for anyone. I suppose as an advisor, with a YouTtube channel, NewRetirement is more or less your main competition but I’ve found it to be quite comprehensive. And very reasonably priced. Just my two cents.
I think the problem with most people who do well in their savings for retirement have a hard time turning that off. Meaning, they're not "saving" anymore since they're not working and only spending what they have. My wife and I are in the same boat and similar to this situation. I'm looking to retire at 60 and will. My parents both died younger than they should have and I don't want to work till the day I die. I want to enjoy life. We've gotten a similar analysis with our CFP with a similar tool as well. He said we're fine with what we're doing and will be able to spend quite a bit more than what we thought and still have enough left by the time we hit 90 (I think it's always a little funny that the CFPs always look out to 90 when the average life expectancy is much lower than that). I'm ready for it! Thanks for confirming what I thought.
Your title is so,damn funny i had to comment. Answer- Pretty much as much as they want! If they spend more than 40,000 a month then they have issues .i am 63 with about the same amount in cash and equities. I can come close to spending it all. I live large and goof off all day . My accounts still keep going up .
Stellar video Ari!
Ari, this video really is applicable for so many people! SARC>
Thanks, Ari. You did a great job of putting inflation into the decision making process.
This is fantastic. Also what presentation platform do you use?
Thank you! RightCapital. ari-taublieb.mykajabi.com/early-retirement-academy
Lesson I learned from this, never let my parents think I would be stressed if they left me 6 million dollars 😂
this is all good info, but what really matters is the details behind what you’re investing in. Please do a video on if you live off of dividends, for example, 8 to 15% high yielders.
Even if one doesnt have 4mil, it's still nice to hear how it all works and comes together, we can dream right, hahahaha
$4 million invested through discount note funds and first position loans can yield $400,000 per year without touching principal.
what are the return percentages for the moderate, and conservative growth scenarios you are using? And is this all in stocks and bonds where you sell each year at Long term CG, or dividends?
Ari, let me introduce you to 2 words “we are”. I hit play on this video bc it says “I’m 60 with $4M…” then the first words out of your mouth are “…case study of a couple…”. So I expect to hear about 2 Roths, 2 401ks, 2 SS checks etc.
Listen, I love you and probably end up watching 99% of your content anyway but the headline for this video was particularly of interest to me, personally, single, and then it turns out to be about 2 people.
Love from Miami.
ps, love it when you talk about your parents. I bet they’re great people and know how proud they have to be of their boychik
Same. We single people are more often than not left out of these examples.
Just divide by 2
@@heidikamrath1951that’s ok. Just title the video accurately!
Sorry for the confusion!
@@emt52889Right? 😏
What about the long term care expense, it can be a sustainable cost when one needs it
I like to keep things really simple. I'd say spend 5.5% of your investment fund per year for the first 15-20 years and then back off to 4.5% per year the rest of your life.
Money is more valuable in those years when you are
But more often needed for long term care later
If you have 4 mil and are close to retirement you might want to splurge for an advisor.
And give them $40k/year? 😂
@@tintinetTo save you 80? Uh…yeah.
@@bryan_witha_whyy Save you $80K why? Why would we "lose $80K" on our own without them?
If advisors were forced to invoice their clients each quarter instead of just draw it from their accounts, there's no way on god's green earth they would earn what they earn. Still, worth paying an hourly advisor in this situation above.
@@tdaveniii Have you had a fee only advisor before? If not, then shhhhhh. If you have not experienced it your opinion means nothing.
If you are looking to do one of these for a younger person that's burning out and just about ready to call it quits early. 46yo - $2.2M invested ($1M in "Super Hero" account & $1.2M in 401K), $60K in cash. Home has $75K left to pay at 2% with 7 years left, looking to spend $6K a month in retirement. Estimated $2700 a month in SS at 62. Single, no kids. Can I hang up my keyboard? Thanks so much for all you do for us regardless if you decide to do mine or not.
Evaluate if high dividend monthly paying options like covered call ETFs, BDCs, mRETIS, etc. are a fit for you. You won’t have to worry about sequence risk associated with drawing down in a bear market and you can live off of the cash flow.
@@ryanccc777 Did you hack into my brokerage account? LOL I am in all of these as well as some CEFs to bump up my yields. I also have many standard steady payers like JNJ, PG, etc.. Thanks for the reply!
@@ryanccc777Those investments are way too risky😂 Lol the kids these days are clueless
@@BigRed2 I appreciate the perspective and approach. I know a number of people who have utilized income investing for years in retirement. Individual stocks for me carry too much concentration risk and leaving money in a HYSA or CD is not an option and only remotely palatable when rates are high so I stick with broad based high yielding investments. There are a lot of different investments out there for a lot of different people and there different approaches as there is no one best investment strategy for everyone. Best of luck in your investing.
@@ryanccc777 You can live off of the cash flow, until the dividend is cut. The higher the yield, the more likely it is to be cut. And no, you cannot simply take your capital and move to another investment, because before the dividend is cut or at least immediately at the cut the value of your investment drops precipitously. Usually this means that for the amount of capital you *currently* have invested in the now lower dividend payer, it is still paying more monthly dollars than the alternatives. In other words, if you sell and buy something else, you'll get even less per month. So you stay put. And they cut again. And soon you don't have enough to live on and your capital has evaporated. This can happen for any dividend paying investment, but the risk of negative total return is higher with higher yields.
High yield is high risk. You gotta do what you gotta do, but if you choose high yield then watch it like a hawk because it can disappear in the blink of an eye.
OK…..here is the big question when is enough enough? When is the moment
I’m 62 and wondered the same for several years. My company decided for me this year 😂
Hi Ari, great video, keep up the great work! I am like a lot of your viewers who are DIYers and have many different tools including NewRetirement which from my understanding allows for all of the different assumptions/scenario planning you mentioned. If you use the tool correctly, do you feel strongly that it’s spitting out “fake 99’s” in their Monte Carlo simulations?
Thank you. I have clients who have a 99% chance of success that I wouldn’t recommend retire and clients with 99% who should stop working tomorrow. It’s another helpful metric, but doesn’t show the whole story.
If someone has 4 million dollars and doesn’t know what to do with it, he doesn’t have 4 million dollars 💸
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
@WilliamsConleys I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@BriansKitchens Mind if I ask you to recommend this particular coach you using their service?
@@BriansKitchens Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon...
As an early retiree who has played the market for over 30 years, I would suggest buying a S&P 500 ETF or mutual fund and letting it ride forever. You cannot beat the market performance in the long term.
For stocks, the key for determining when to sell is to set a stop order right after you purchase the stock. The stop order would be whatever percentage you feel comfortable losing if the stock goes down. This way, you're eliminating emotions from a future sale. Too many times I didn't set a stop order, and one bad bit of news or bad quarter and before you know it I'm down 50-75% on that stock.
New subscriber and I am sharing my story. My age is 55 and I have zero debt, 110k in the bank, 35k NVDA shares, 401k $270k, IRA 145K and 2 houses in Bay Area with zero mortgages. Just got a Mercedes SUV as my 3rd car. I started saving after marriage only after marriage but will all this be enough to retire?
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$3.3m Less than 3 years until retirement.... I have about 400k in cash. My portfolio has yielded far more than I expected for my retirement. Kudos to my advisor.
@@TungsClementes Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the names of the advisors who has been assisting you in navigating these financial challenges?
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 *MONICA AYAKO VOS* for about five years now, and her performance has been consistently impressive.
Why would you even ask for an advisor if you have 4M at 60? First off, you seem to know how to manage your money otherwise you wouldn’t have what you have. Secondly, you’re about to receive SS money if you choose to retire at 62. Your spending is much more flexible than others. So asking for an advisor on how much you can spend, well… do the math and splurge.
I used to think that, but now I’m a bit different opinion. Building wealth up to $4m shows the smarts to build wealth smart. That does not necessarily mean those same skills will allow you to spend/use wealth wisely.
The video is not aimed as investment management (wealth buildkuhg), it’s about wealth management (you have it, so now use it). I look at all the factors and sliding scales he’s employing. He’s taking a lot of stuff into account. Not only is he making you aware of various impactful elements to your financial future, he’s discussing strategies to minimize/maximize different elements.
For me the discussion on Roth Conversion was good. I still have about $500k in a Trad TSP. That needs to convert to ROTH at some point, but I need to do so without bumping myself up into one of those 30%+ tax brackets.
Client: "We can't spend $250K on a Porsche!!!!"
GT3: "Hold my beer..."
Is the pro rata rule a problem for these folks given the mix of IRA and ROTH?
Roth has nothing to do with IRA pro-rata rule beyond converting IRA to Roth. The IRA pro-rata rule is concerning after tax (non-deductible) contributions to a tax deferred IRA.
Each after tax contribution to a tax deferred IRA becomes part of your tax deferred basis. If you never do an after tax contribution, your basis is $0. If your basis is not $0, when you do a distribution (withdrawal or conversion) from any tax deferred IRA, the portion of that distribution that is "basis" is not taxed, or in other words the basis is taken pro-rata. This means you need to track your basis (cumulative across all tax deferrred IRAs) and compute the percentage of each distribution that is basis. It's a pain in the butt and if I had known about this, I would have done things differently years ago.
How much money do you need
Fantastic video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
The key is diversification. Personally, I delegate my investing to an advisor, cos my job doesn't permit the time to perform market analysis myself. Thankfully, my once ago stagnant portfolio has now 5X in barely 4 years, summing up almost 7 figure as of today.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
This is helpful, thanks ....gotta message her right away.
Keep pushing people to not enjoy life, work longer and harder and never feel like they have enough....my god..
I’m 77 years old with 40 million. Can I retire????
One more year, get to $42M, and then you can cut back to part time work.
@@Will_Schrank 😂
Ari, has a lot of opinions for a guy that looks like he is 19yo! Smart, but not wise? I think a good advisor helps their client figure out what the client wants, and then how to get close to that goal. Money is never the number one risk in retirement, it is always health and death. The biggest problem with the industry is that there is too little emphasis on illness and early death risk, and too much on not running out of money.
When one works with the elderly like I have for many years, we come to realize that money matters, but it is completely secondary to the other issues. Regrets over life decisions usually far outweigh dollars. Having only modest money in old age is not usually a problem. Once poor health or spousal death occurs, the regrets over not having maximized life experiences or relationships, far outweigh financial concerns(assuming one is not completely destitute).
I have no issues with desire for legacies, but realize that we at age 65 and 67 are still “waiting” to get our legacy from our parents as both moms are still living. It is way too late for us to reap any benefits. We will earmark any funds for our kids and grandkids while young.
A pension makes a big difference
How does one manage to aquire 4 mil but not sure it is enough?
You’d be surprised.
You can spend $4M 👍
Cmon, how many 4x millionaires are using a UA-cam advisor? Less than 7% of u s citizens are worth that and i cant see how so many of us find each o5her in the comment's 😂😂
4 million YET! Hilarious. You want high income clients to charge more fees right? YES
I have 6m. 3m in cash/stocks, 3m after liquidating real estates. I’m 43 living in the Bay Area with 2 daughters and a wife. Daughters are 11 and 8. I plan to pay thought the college. When do you think I can stop working and live comfortably
They should have retired 15 years ago
The earlier you retire, the greater the expenses and the lower the portfolio. Those two lines need to converge before retirement is possible.
What percentage is the compound interest on investments????? That # is crucial to the end results. I'm averaging over 22% over the past 23 yrs. I find calculators that can't go that high. So the whole thing is not realistic if you're good at trading securities.
Get to the point. Too much self promotion. Bye
if they have that kind of money, they don't need your input
Galling ignorance.
@@decidocisum No, he is correct. If you have that sort of money then you pay a proper, reputable financial adviser.
@@hustlinmagic OG said they do not need his input, implying that you are good to go just because you have racked up 4 million in net assets. That is ignorant. As you have said they should get advice (and they are, from Ari) to manage and grow their wealth. Many, with more, have lost it. I'm not sure how you are saying the opposite of what he is saying, but it means he is correct.
If I Had 4 mil, I’d sell far out of the money NVDA puts. Sell $112 puts that expire on August 30th, you’ll get $33k if you invest 2MM. Then just leave the other 2MM in FDRXX and get $8300 per month
Don’t retire work till 90
300k in the bank.?
Melting ice cube.. Ari- do you not consider the debasement of the currency? Assets are needed. Cash is trash… Seems you must be a Keynesian…
Because root is political, it cannot be healed. The head of state has just demonstrated his willingness to nationalize the economy during this week's policy meeting. The foundations are no longer the same.
Commodities, such as gold, enable access to spot markets and gold futures options. Brokers frequently offer tools and research tailored specifically to commodity needs.
While funding new positions, MO has been an all-star in my portfolio nearly as much as TSM and Nvidia. - M. O. A great deal of hate as well. but up on top of prior gains ytd during the toughest part of the year. That MO six-month chart is stunning.
It is vital to comprehend that you must go beyond simply covering your rent and other expenses; instead, you must attain a stable net income.
Determine the answer-I'm not sure-because it might affect my bottom line. I base my portfolio on Leah Foster Alderman's recommendations.
I made almost half a million dollars despite the state of the market
Help the rich. More money in it than helping the poor. Isn’t that what Jesus did. Remember the camel and eye of the needle
Bizarre comment
Please, could you help me ? How do I email you ?