Відео

Very, informative information i liked the steps given and how they were broken down. Im not 55 yet but, i liked listening in. I got in idea on investing and when to retire. I was wandering if i should get a part time job somewhere else when i felt to old to work my job. Ty, for answering that question. Love, Love, Love that you said to put God in your life. The social security website was very helpful and hecum was also very interesting.

This seems to assume that all of the SS draw is spent. If I have other sources to draw on and don't need to spend the SS, then would the compound interest of investing SS income make early draw that much more attractive, or is it a wash because either way, I'm spending money I could be investing regardless of the source? Also, we expect to be in a higher tax bracket after my wife retires, due to RMDs and a pension - seems like an argument to get as much money as we can while we are in a lower bracket?

#9 Deal with today's increasingly unstable population on your own terms, not as entitled customers

Your channel is awesome, if I had of only known about it 3 years ago, lol

We know the government owes trillions to social security…the age should have been lowered to 60 to collect. Everyone should prepare for retirement without dependence on a government ran system. It’s criminal to not allow anyone to collect money upon retirement after a lifetime of hard work. Most Americans begin working at 18 and have money taken from their checks which makes it their money. At no time should the government owe into this whatsoever. 18 to 62 is 44 years of work and funding. Do the math on what you put in vs what is given out….its a scam. If you live to 82, you will NEVER get what you earned and that doesn’t include any interest. This safeguard of our money should be privatized. Not government controlled.

I've decided to retire at age 70. Why? Because if I live until 70 and beyond, I'll get the maximum SS benefit. And if I don't, it won't matter if I die before 70 because dead people don't need money. And of course I can always retire at 66 and 10 months and still work as much as I want without being penalized.

If youve nithing saved if you are white your handouts will get smaller if youre muslim your handouts will be more, a free trip every year to mecca. Basically white and no pension give up now.

My best strategy has been to learn how to live at or below 150% of the poverty line most of my adult life, currently age 62. (I also read Richest Man in Babylon very early in life.) Food - The biggest game saver with this strategy was to learn how to cook well as a confirmed single bachelor. Not only have I been able to afford a monthly grocery expense below the food stamp benefit line, the meals taste better than store bought and I avoid the negative health effects of eating ultra processed food. Rent - I lived in roommate situations most of my life, and rented 1 bedroom apartments during other times. My rent has never been more than $800 a month, even in high cost areas like Southern California. Transportation - I set a life goal of never owning a car, getting around by public transportation and bicycle. My monthly transit pass has cost between $60 and $100 since 1982. Debt service -- For several years my monthly income set me up for negative cash flow, which was financed by credit cards. Now my situation is better, so I paid off about 40% of the balance in the last two years, and plan to pay off another 40% in the next 12 months. This is all the while practicing trading in the stock market, something I have loved doing since the age of 22. Reducing debt while increasing savings is directly from the Richest Man playbook. Side gigs -- I'm currently "working" by looking after a friend's house who is working out of state. The running joke is I manage Wayne Manor as her Alfred. I'm also eating up her food that is approaching the Sell By date, which is stretching the food budget, and the savings is getting converted to emergency food storage. Her little window garden is helping me get experience growing plants, which in a few years will get leveraged into growing herbs outside. I don't get paid being Alfred, but instead use the gig to save on monthly expenses and increase my skill level. Every year I have invested in life skills over savings, knowing that savings could be lost but life skills could always be monetized. Social Security - Plan on waiting for the age of 70 to draw, even while the monthly benefit will probably be close to the minimum level. But guess what, that amount is probably 85% of my current monthly budget, growing to over 100% after the CC debt is paid off. And at 65, the monthly bus pass will be free. If I choose to live overseas, my Spanish fluency from living in Buenos Aires will go well towards retiring in most Latin American countries.

No mortgage, newer vehicle paid off, no other debt. Holding dividend stocks and a rental home. Taking mine at 62, I am going to invest part of it, enjoy life with the rest. Not going to work until I die like most advisors and the government want you to do

That’s 6 years until I should tap into SS, not sure there would be any funds left for me

Excellent information! Thank you for shearing.

At 9:48, you mentioned a "living will." What is a living will, or did you mean living trust?

I plan to retire at the age of 100 years old...

I'm proud that I have my state retirement to look forward to. I'm 41 right now and I'll be eligible to retire at 48!!!

Cause it's MY money.

I had to physically retire at 62. I had no choice.

What if I retire mid-year the year I turn 62? Do I have to retire before I earn $22,320?

I am somewhat concerned with the SMILE curve of expenses. Delaying SSA can better match the steepness of the curve, so that dipping into that retirement wont be as heavy toward the end.

SHAMEFUL HOW MILLIONAIRE'S 2M+ ACTUALLY FILE FOR & COLLECT SS WHEN THEY SHOULD BE ABLE TO LIVE ON THEIR OWN MONEY FOR THE REST OF THEIR LIFE ! MAJOR MEDICAL & MEDS SURE EVERYONE RETIRED SHOULD RECEIVE THESE AT NO ADDITIONAL COST UNLESS THEY HAVE MORE THAN 5M IN THE BANK. OUR SS ISN'T BROKE FOR NOTHING ! IT'S BROKE FROM GREEDY PEOPLE COLLECTING IT & FROM OUR TERRIBLE GOVERNMENT SENDING SO MUCH MONEY TO UKRAINE FOR "THEIR WAR" & OTHER THINGS OUR HARD EARNED INCOME TAXES GO TO FALSELY PAY FOR LIKE NASA ETC... WHILE TURNING A BLIND EYE TO THE PEOPLE SUFFERING IN OUR OWN COUNTRY LOSING THEIR HOMES, GOING HUNGRY, UNABLE TO PAY THEIR BILLS WHILE BEING "TAXED TO DEATH". WAKE UP GOVERNMENT YOU'LL ALL BE GOING TO HELL IN A HANDBASKET ! GOD YHWH CHRIST ISN'T ALLOWING SINFUL GREEDY PEOPLE INTO HIS KINGDOM OF HEAVEN. REPENT ! AND GET OUT OF ALL ORGANIZED RELIGIONS CHRIST IS NOT THERE NEVER WAS NEVER WILL BE! BE BORN AGAIN INTO GOD YHWH CHRISTS SALVATION OUTSIDE ALL ORGANIZED RELIGIONS. STUDY AT HOME THE ANCIENT SCRIPTURES (ENOCH, THE TESTAMENTS OF THE 12 PATRIARCHS,ADAM AND EVE ETC ETC ETC) LISTEN & LEARN ON UA-cam WHO GOD REALLY IS BECAUSE HE ISN'T WHO YOU THINK HE IS ! AND GOD ISN'T PLAYING WHEN HE SAID "OBEY & FOLLOW HIM ".

thank you for this video , this really helps me understand

❤

Do you guys have an office to call to? Do you guys help people to get out of reverse mortgage?

I plan to wait until age 70; it makes me feel better that my wife will have a higher permanent benefit should I predecease her.

I just retired at 60. I am at a loss. What to do next... where to find my next income?

Why aren’t more people watching this guy, this guy is giving free financial knowledge

$240,000.00 additional. $740,000.00

I want more money later, when i need it

13:03 thanks for mentioning that. Health Insurance cost is something hard to figure in my model for retirement income. Then the income from our portfolio cash flow might be an issue for drawing SS early. Subscribed

8:25 yes

it will be gone before that as the government keeps sending billions of our the American Citizens hard earned money

I think you made a mistake with reason #5 in the reasons to do NOT file early. It is a reason to FILE EARLY.

This is lying to all the fools. Unless those fools are extremely fat, sick, alcoholics, drug addicts or terminal.

Very informative, a lot to consider, Thanks for that.

The different currency is GOLD ,

You’re amazing! Thank you 🙏❤️

I paid off my mortgage in 6 years alone in the 90s. A woman I worked with was astounded and asked me how I did it. In the same sentence she was telling me about the 'beautiful boots' she had just bought for $900. 🤷‍♀️🙄🦘

Ramsey is the advisor for the soft and weak. If you need Ramsey to talk you to pay down your credit card, don’t spend more than you earn, to stay out of debt than you’re a moron. Ramsey is the biggest FRAUD in America.

🙏🙏🙏

Your dad reminds me of my grandpa, the person in my family I resemble the most, physically. He died just before his 92nd birthday while up on a ladder putting up the Christmas lights. My grandma (his wife) died a few days before her 105th birthday. I’m 62 and just did a 7000-mile solo roadtrip through Mexico in my old Chevy truck. I still feel great physically, hoping I have several more good years left in me. (I still need to take that motorcycle trip on the Karakoram Highway before I croak.)

4:25 If there's only 2 people that are 100+ years old, and the following January a 3rd person turns 100, then you just experienced a 50% growth. What kind of percentage change would 1 person make in the 0 - 5 years old group? (There are 22.4 million children between the ages of zero and five years old in the country.)

3:31 So those things may have a lower instance of happening to you (and some like infant death are completely crossed off by age 65). There are still things that could happen like care wrecks, medical malpractice, heart disease, etc... So the CDC age is out, but I use 20 years for a retirement figure, so I hit the 85 years old anyway. We also plan on SS income (if exists), and a pension through state system that is 2/3rds of average of highest 5 years. I'm guessing that while we may not be rolling in clover, we should be able to make ends meet. There's also the chance at gig work, or PT work.

I was going to wait until 67-70 for full benefits, but in the last year I’ve seriously contemplating retiring at 62. 42 years in the corporate world is enough. I plan to retire in 2024, collect SS and work part time in a similar field in work in now, but on my terms, running a small business. Videos like this have been so helpful, including the comments from people close to my age.

why wouldnt you take it at 62...waiting makes no sense

I work for the "Agency", so I just wanted to tell you it was presented very well, the pros and cons, easy to follow, understandable with good examples and good use of graphical illustrations. A+++

They never calculate the opportunity costs into the break even date. I will be investing every dollar of my SS check I get at age 62 in the stock market that averages an 8 percent return. Now run the numbers.

Excellent….Thank you

Amazing video,A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $110k and in the first 2 months , my portfolio was reading $294,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

I never considered contacting the SSA for such info. I don't know why anyone would when there are better resources for such help.

Take it at 62. Since we never know when Washington will cut it.