How To Retire At 60: COMPLETE GUIDE & CASE STUDY!

Рет қаралды 16,467

Күн бұрын

Planning to retire at 60? Here's a full guide covering everything you should know from income planning, social security, and of course a case study! We'll go through a retirement plan for somebody planning to retire at 60.
0:00 - 1:02 Planning to retire at 60?
1:03 - 4:24 Financial Considerations
4:25 - 6:00 Psychological Impact
6:01 - 10:15 Retirement plan Case Study!
10:16 - 10:37 Outro: Have topics?
Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started, learn how to make informed financial decisions for a prosperous future. Subscribe for more!
#retirement #retirementplanning #dohstr8
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Пікірлер: 46

@Jazzwealth 29 күн бұрын

Thanks for watching! Hope you found this video helpful. If you have topics that you'd like to see covered, please drop them below! :)

@patrickjones1392 22 күн бұрын

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

@tammystut 22 күн бұрын

that's right. Investing in stocks can be a key component of your retirement strategy, but it's essential to approach it wisely. A trusted financial advisor can guide you in making informed investment decisions, diversifying your portfolio, and maximizing returns. By partnering with a financial expert, you can confidently invest in stocks and build a secure financial foundation that supports your retirement goals and aspirations.

@clementdan9417 22 күн бұрын

Absolutely! A key to success in stock investing is to avoid impulsive decisions based on fear, which can lead to premature selling. It's essential to recognize that stocks are long-term investments, not get-rich-quick schemes. seeking the expertise of a financial advisor is essential to help make informed decisions.

@tammystut 22 күн бұрын

This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.

@richarddamien4654 22 күн бұрын

Mind if I ask you to recommend this particular coach you using their service?

@tammystut 22 күн бұрын

jennifer alaine is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@LupeBaptista 28 күн бұрын

I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.

@arlenehill4ril 28 күн бұрын

Agreed, I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has 5X in barely 5 years, summing up nearly $1m as of today.

@arlenehill4ril 28 күн бұрын

I take guidance from a Pennsylvania-based advisor ''Karen Lynne Chess'' To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

@okaydamian 28 күн бұрын

thanks for putting this out, curiously inputted Karen Lynne Chess on the web, spotted her consulting page and was able to schedule a call session, she actually shows a great deal of expertise.

@2Rugrats9597 27 күн бұрын

More like 5yrs to reach that goal

@DK-pr9ny 25 күн бұрын

SCHD ain’t gonna get you there..

@user-ql1hu3fr4f 29 күн бұрын

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@Janise-pg8yr 29 күн бұрын

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@Valentine-sd2fb 29 күн бұрын

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@Daniel-ss7ri 29 күн бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@Valentine-sd2fb 29 күн бұрын

Just research the name Angela Lynn Schilling. You’d find necessary details to work with a correspondence to set up an appointment.

@Daniel-ss7ri 29 күн бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

@rolandosouffrain7957 29 күн бұрын

I am on track to retire at 58. All my money 💰 is in Roth. 401k and I.R.A. 🎉🎉🎉and will have a paid off townhouse 🎉🎉🎉

@Jazzwealth 29 күн бұрын

Nicely done!! Way to do your planning and buckle down. Congrats!!

@Nickulous64 29 күн бұрын

You probably know this already, but you can pull from your 401k from 58 to 59.5 to live off of without 10% penalty as long as you leave the 401k company at the age of 55+. So don’t move that to an IRA while you are under 59.5 in case you need to pull from it.

@user-nx8fq7hi5c 29 күн бұрын

You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.

@Adnanhasb1 8 күн бұрын

Thanks for the share ... Very practical

@ChloeCarter-kd7gz 29 күн бұрын

Retirement planning can be quite overwhelming, especially when it comes to choosing the right investment options.

@TheTacticalathlete 29 күн бұрын

Always learn something thank you.

@Jazzwealth 29 күн бұрын

Love to hear that! Thanks for watching!

@ivytibbitts5429 28 күн бұрын

Thanks!

@Jazzwealth 27 күн бұрын

Thank you!

@kenhart2516 29 күн бұрын

With a pension, FERS supplement, va healthcare, and low or no debt there shouldn’t be a problem. Lot can change in short time though. Plan is great but gotta be open to new information as the time to choose gets closer

@brucesmith6868 29 күн бұрын

Thank you Eric great advice. Maybe a video on ways to shield your saving from government using it against you when applying for there insurance.

@Jazzwealth 29 күн бұрын

Thanks Bruce! Sounds like something we can try to cover. Thanks for your input!

@Nickulous64 29 күн бұрын

Suggest you deep dive into ACA tax credit threasholds. It’s an error to advise healthcare is a review bucket and withdrawal strategy is another separate bucket. Healthcare is a withdrawal consideration when you are under 65, not a separate strategy. Plan $50k taxable withdrawal, then individual account or even Roth after that to keep your healthcare costs at the max tax credit. Once they are 65 you can go back to normal withdrawal strategies. I retired at 58 and only record $50k in income per year which keeps my health insurance for a family of 3 to less than $150 per month. I am also a cancer patient with $100k+ annual health expenses that are all covered.

@PurpleMeowKitty 16 күн бұрын

what state r u in pls? im in tx & im really thinkin 2 retire @ end of year--ill have 2 do the aca but dont know where 2 start with health ins ty!!! 😊

@Nickulous64 16 күн бұрын

@@PurpleMeowKitty I am in AZ. Get an insurance broker to look up your options. Keep your income below $50k and you will be fine.

@hmd8042 17 күн бұрын

Health Care is major cost factor.

@andrewroth9175 29 күн бұрын

Talk about what total percentages of retirement accounts are Roth. And what percentage of retirement accounts are Roth millionaires. Just curious, because a million pretax isn’t really a millionaire

@Mc.flyyy11 29 күн бұрын

Key is to be debt free this includes a paidnoff dwelling. After that you can actually live on very little.

@luisgracia6050 29 күн бұрын

Do one at age 50 Eric! 💪💪💪 Thank you!

@luisgracia6050 29 күн бұрын

Meant 55

@Jazzwealth 28 күн бұрын

We can do both! Thanks for your input and thanks for watching! 💪

@BBQGuy7 29 күн бұрын

I am still working because our healthcare is $15K a year. We give billions to Ukraine and our own citizens shoulder the burden of healthcare. I am 60 by the way.

@bruced.370 16 күн бұрын

ACA subsidies bring it down very much! The sticker price shock is not the actual cost. Suggest to research how much credit you will get.