@Aegelis
When I think about retirement, I think about the math involved, and then I decide to continue working instead. This motivator is called Fear of Math (FoM). If I can no longer work, then deciding when to retire is no longer a problem. Hoping my wife and daughter throw a huge party when I kick the final field goal as they figure out when to yard sale all the crap I've left behind.
@GoldBattleE
Money means ability, but isn’t everything it’s cracked up to be. Sure, we all need money to live and enjoy, but don’t forget to do what you love and have passion for. One day (if you’re lucky) you will look in to the mirror and see an old person smiling back at you, and you can grin knowing you lived a full life with love, compassion and vigor. Try and find small moments that matter to someone else - you will be glad you did.
@bobackerman54
God bless the good people who have 2M ... i am not one of them ... I look forward to seeing a video that better applies to me ...
@davesivirn2283
8% of americans have a million $. less than 2% have 2 million. I am so tired of the same old you need a million or 3 million ect ect. Why don't we focus on the 40% that have less than $10k. Let get real about how you can retire on realistic numbers. Millions of people do it.
@rufusmcgee4383
I recommend to my students to be on the lookout for passions/hobbies you can monetize. A side gig that pays $500/week might end up being worth and extra 500K in your 401K.
@stephanebogen5411
Great topic and informative video. Is there a calculator similar to the one you use in that video you can recommend to help us compare side by side with Vanguard Dynamic spending? Thanks
@educatedwanderer9293
I saved and invested from age 23 to 46 when I reached $1M, reached $2M at 52, and $3M at 56. We are all at risk even if you think you have a 99% chance of success. A dynamic approach helps you adapt and improves your spending to match the market and within your set range.
@originalmicdrop
Thats why i put 25% of my ira in a lifetime payout annuity....along with social security, my base monthly expenses are covered and this lets me invest more aggressively with the other 75%.....and draw money when i feel like it.
@flyingjeff1984
You're doing a great service. Please understand that the picture looks a LOT different when a person is staring it in the face (me). If the 10% happens, that's 100% failure at my age.
@nz6241
Monte Carlo Simulation should not give you 100% success rate. It's a statistical analysis program, and 100% doesn't exist. Actually, it's very simple. Annual asset growth X 80% for annual withdrawal. All you need to maintain perpetual wealth until you hit the RMD.
@EdA-bz3bu
And then the possible social security reduction
@isoseismic
The idea that the example retired portfolio would see 10% growth in the first year, says that this retired person/couple has most/all their money in stocks. A very very dangerous gamble. No one over sixty should have money in the stock market. They don’t have time to earn their money back if stocks drop by 25%, or 50%, or, like in the depression of 1929-32, drop 89%.
@gvon6358
You have such a wealth of information (no pun intended) to share ~ but please slow the talking speed down. I doubt you're on a time constraint to get the video done and for us beingers it's difficult to grasp everything you're teaching. Also, using more realistic and current average numbers would be more helpful.
@BuddyDog9267
Schlooong! 🎉
@sirrebral
Am I correct in concluding that the increased volatility of the "dynamic spending" and the "percentage of portfolio" rules/methods is less of a concern for those with a pension and/or some other additional source of consistent revenue (e.g. rental property income)?
@corydoyal8709
How do the upper and lower guardrails adjust in year 2+ as you are naturally spending down your portfolio?
@curiouscalculator
Time is your ally. The less you pull from retirement assets the more opportunity to grow. I didn’t delay SSN ….Your example for the couple should have been run through both scenarios….your video would have been more impactful…
@ronocnayr
The $10,500 that John & Mary are taking is that pretax?😊
@marcopignone9386
Try a portfolio with 10-20% gold instead of the standard 60/40.
@Orangeted4