5 Spending Mistakes That WILL END Your Retirement Early

Рет қаралды 18,335

Ай бұрын

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Eric Amzalag, CFP®, RICP®
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Disclaimer: Please consult with your own tax, legal and financial advisors for personalized advice. Peak Financial Planning Inc, or its members cannot be held liable for any use or misuse of this content.
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Пікірлер: 46

@bradleyvanzile1111

I’ve been retired 17 years comfortably and none of this applies. It’s a big scare tactic!

@lesterogburn2180

Can you share how you arrived at the $10,588 for the taxes. It was a 15% tax bracket and the spend was $60K. I'm not an accountant so I need some help. $60K x 15% is only $9K? I know I'm missing something.

@TaylorOpee

If someone has reached retirement, not realizing they have property taxes and insurance on a recurring basis, is not likely to have put in the thought regarding their retirement savings.

@toddmaniatoddmania9844

This is fantastic! Withdrawals shouldn’t be linear. You always want to draw from buckets in a way to maximize tax savings.

@sbayles5593 12 сағат бұрын

Either way they are leaving a ton of money to someone. It looks like they need to increase their spending overall and enjoy their money more in their lifetime.

@sabastinenoah 28 күн бұрын

I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement

@tomlewis6533

This was very good. Thank you.. As someone who hopes to retire in less than two years I am consuming retirement planning videos regularly. One of the things I never see accounted for in retirement planning videos is the cost associated with the financial planner, especially if it's something like 1% of the value of assets under management. Have you addressed this in previous videos? If not can you address it in a future video. Thanks.

@andreaekins7908

This video was helpful, especially considering my plans to retire early (at 55) in four years. This is also my first time on this channel, and I love how Eric breaks things down so simply. He provided valuable insights on Roth conversions.

@jaynelson8304

Well done video! Roth is wonderful - but Roth conversions, at least in my case, are just too expensive!

@jaspermack176

I think your advice is very very on point so folks don’t overlook the more important ways to monitor their money. Thank you !

@markb8515

Thanks Eric, this was very informative and helpful advice!

@MichaelToub

Great Video!

@OurRetireEarlyJourney

Great advice in planning!

@JDRichard

Very analytical and very accurate my friend

@davidfolts5893

Outstanding content, Peak Financial Planning, well done!

@UsaHickTown

What are your recommendations for automation spending tool?

@cod88188

Good content, but regarding Roth Conversions ~ your calculation thought process assumes future tax rates will be the 2026 (the 2017 pre-Trump Tax rates) which may or may not be correct. There are strong arguments for much higher tax rates in the future ...