Lol !!!!!!

What age?

61

@@scottmason5441 when you kick Social security in 5-6 years you will be 👑. Wishing Good health

Thanks!

Sounds fun. Happy life 😃

i totally agree with you , As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future, Thanks so much 😇Dr. Elizabeth Taylor for improving my portfolio

_it strikes me to see others who trade with LIzzy too, i'm currently on my 5th investment and my folio has increased tremendously_.

have heard so much about the intelligence of Dr. Taylor even watched her lecture once but i have no idea on how to get to her???

*let me be blunt , venturing into the trading world without the guidance of a professional like Taylor is not usaully profitable ,thats is why i invest big to earn bigger*

Thanks Jaron!

What software is this?

@@SeanP2 right capital

@@AK-ky3ou Thank you.

“Credit cards are the cigarettes of the financial world.” Dave Ramsey

Exactly! This video SHOULD have just been- “ focus on your debt and stop the nonsense of owing $” Get debt free ! Then and only then should retirement be considered

Yes, one can. Let's see if you can. Is your house paid off? Do you know what your expenses are? How much will you make in Social Security? Do you have a spouse? How much will she make in Social Security? Do you have a plan as to when you will take and when she will take Social Security? Do you have a pension? Will you work part-time?

700k in a closed end fund will net you 10 to 11.5 % dividend i don't know why these guys never mention closed end funds 60 to 70 k a year before tax and never touch the base

This right here! I would not mind working 2-3 days in my 50’s .

Glad you like them, thanks for watching!

500k × 0.03 = 15k 500k × 0.04 = 20k So at 45 with 500k you could live on 15 to 20k a year. Max out Roth IRA, Roth 401k so you have enough contributions to draw on for 5 years. Start a 5 year 401k roll over ladder at 45 and continue until 54. Withdraw from roth roll over contributions from 50 until 59.5. This is a lean fire strategy. Doable but a 45 yo would probably consider it FU money and take higher employment risk to increase cashflow or enjoyment. I think this is a similar amount to what mr money mustache retired on but I don't think it was 401k money.

True. My dad lives fine solely on his SS check. I give him money every month, but he just saves it and says it's coming back to me after he dies. Sigh. By contrast, I have money and will probably leave my high-tax state in retirement to protect it. But I will still probably spend only as much as he does at his age. It's pitiful I'm afraid to retire with a bunch of money, and he was glad to do it on SS alone.

@@timelston4260 Yeah different generation. All of the"experts" think you need a zillion dollars. It simply isn't true. I live in Illinois which is a high tax state but easy on retirees except for property and sales tax. We're leaving when I retire though because Illinois is actually going to get worse. I'm not wealthy but if I work 4 more years I'll be 62 and should have about $700k. Twenty years ago I would never have dreamed I'd have that much. So I think we'll be fine. No debt.

@@rdr6276 I lived in Chicago for five years. I loved the city, but property taxes and weekly political scandals didn't help keep me there. I'm in Portland, OR, now. It's the highest property tax county, and Oregon doesn't have a sales tax so shifts the burden to high income tax rates, with no breaks for retirees, except it doesn't tax social security income. So, I plan to move to a no income tax state in retirement and reduce my traditional 401k balance through Roth conversions there at low federal rates. Then at age 70 I'll start living off of social security, which in my case will be about $3,300 a month, adjusted for inflation. That's plenty for a 70 year-old. I'll probably have millions after compound interest when I die. No children or spouse, so I guess I"ll be the proverbial rich. uncle who leaves a sizable inheritance to my nieces and nephews. I'll probably put it in a trust so they don't blow it all at once.

Yeah, my parents retired with about $500,000 and a $100,000 house.... and they haven't had to spend any of it because they've been fine with just one Social Security check for income... and they're going to start getting another Social Security check in a few years that will more than double their income. Once your house is paid off and the nest is empty, there isn't that much you need to buy... your house is probably full already anyway, so you don't have room for more stuff even if you wanted to buy it. So expenses are low, especially with everything locked down because everyone is afraid of the flu.

Thanks for watching!

Thanks for the comments. W.H.A.T.S.A.P.P. +1-3-1-8-4-0-6-1-7-1-4

Not likely, when pulling OI of 50 k/yr his tax bracket would unlikely benefit from Roth conversions. Really a wash when compared to their current income.

Me too!

Best thing I've seen on the internet all week.

true that

Way worse than terrible

That was my thought...what's up with that debt? Pay it off first, and as fast as you can!

Save more, save earlier, higher investment return.

My Advice for everyone reading this, Do not simply retire from something rather have something to retire to.

Investing is one of the best ways to achieve financial freedom. For a beginner there are so many challenges you face. It's hard to know how to get started. stock trading has really been a life changer for me.

@@markallen5217 This is a great tip, I just retired and I am considering investing in stocks but I have no idea about stocks to buy or what to assets would the highest yielding potential and so on, Do you have more clues that could help?

@@nadasithewlis6813 I would recommend you reach out to my broker I’m sure she will be of great assistance to you, just search her name online Kyle Holt Karens and check out her website for information concerning her services, then mail her for guidance.

Sometimes we need to get our minds off negativity and just motivate ourselves, If you dwell on your failures you will end up not achieving your dreams, take a chance and try something new.