The 3 Best Tips From My Clients Who Retired Early

Рет қаралды 13,348

Күн бұрын

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In this video, I share valuable insights from my clients who have successfully retired early. Learn the three essential tips that helped them create a fulfilling and joyful early retirement.
We will discuss the importance of understanding your desired retirement expenses, focusing on what truly matters, and planning for a sequence of return risks.
If you’re planning for an early retirement, these practical tips can help you optimize your strategy.
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Time Stamp
00:00 Intro
01:00 Janis Ray Comment
01:58 Introduction to Parents Are Human
02:40 Personal experience using the cards with his father
04:56 First tip: Dreaming about expenses
07:10 Second tip: Asking what matters most
11:15 Third tip: Tackle Big Expenses Before Retirement
12:45 The Two Thoughts Paradox
13:45 Work with Root Financial
14:30 Conclusion
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INSTAGRAM - / earlyretirementari
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Ari Taublieb, CFP®, MBA, is the Vice President of Root Financial Partners (Fiduciary) and host of the Early Retirement Podcast.
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⚠️ "DISCLAIMER:⚠️
All content is not to be received as financial advice, and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc., before making any financial decisions.
This video contains content I created and got permission from its creators to use. This Channel DOES NOT Promote or encourage Any illegal activities; all contents provided by This Channel are meant for EDUCATIONAL AND ENTERTAINMENT purposes only.

Пікірлер: 58

@pedrowhite6684 13 күн бұрын

Well said! Another great video, Ari!! Thanks to Carly, Hannah, you, and Root Financial, we just returned from an epic trip to the Big Island and are very much looking forward to our first Nat Geo Private Expedition trip in a few months. The peace of mind and comprehensive planning strategies you and your team provide are second to none! I cannot thank you enough!🤗👍

@earlyretirementari 13 күн бұрын

It’s our absolute pleasure and love to hear the Nat Geo trip is booked and on the horizon. I shared this comment with Carly, Hannah and the whole team - these comments are why we love to do what we do!

@Troy_Built 13 күн бұрын

I helped my grandparents run a senior center for several years. That allowed me to see a lot of people in their retirement. It still amazes me how many people retire still owing several years on their home mortgage. Another thing is them having an older or high mileage vehicle. Then within the first couple of years of retirement they have to put out the money to get a new or newer vehicle while still paying house payments. Even worse some go into retirement with substantial credit card balances. To me taking care of those things should all be high on the list to get accomplished before retirement. Sometimes you don't get to choose when you stop working but carrying high debt loads in your later years to me just seems nuts.

@earlyretirementari 13 күн бұрын

Here’s how I think about having a mortgage in retirement -> kzfaq.info/get/bejne/iK5zq6l6zpOthZs.htmlsi=W1wtckV1Egzd86Hh

@charlielipthratt7291 5 күн бұрын

Glad you were able to ask those questions to your father, Ari. It's great that you're teaching others about them. I think it can make an impact and help you appreciate what your parents went thru. I wish I could have asked my grandparents more about their early years and the journey they took.

@earlyretirementari 4 күн бұрын

Yes! Thank you!

@Jupe367 13 күн бұрын

I love yours and your James' channel. You guys are so thorough.

@earlyretirementari 13 күн бұрын

Thank you!!

@janethunt4037 13 күн бұрын

That is so awesome that you took that trip with your father. I admire you for being so intentional about conversations with him. That is not how I was thinking when I was in my 20's.

@earlyretirementari 13 күн бұрын

Thank you very much. They raised me well.

@markb8515 14 күн бұрын

Thanks Ari for the great tips and advice!

@earlyretirementari 13 күн бұрын

You're so welcome!

@user-iw1cq4ft9t 13 күн бұрын

This was great thank you!!! Janis

@earlyretirementari 13 күн бұрын

Glad you enjoyed it!

@ld5714 14 күн бұрын

I can see a strong resemblance with your dad, you are a younger clone 😉 I've been retired for 13 years and already living my best life so am not your typical listener. I am however a life long learner and this area has always been of interest to me. You offer a lot for me in the form of challenging me to look differently at things at times and new info as well. I share some of what I learn with my kids and grandkids. Keep up the great content Ari and have a great week. Larry, Central Valley, Ca.

@earlyretirementari 13 күн бұрын

Ha! Glad you’re already living your best life. Appreciate the comment and glad I’m challenging you to think differently to always improve your retirement

@FIRE_DrNinjaTurtle 13 күн бұрын

I loved your pictures from your trip.

@earlyretirementari 13 күн бұрын

Thank you!

@ryanccc777 13 күн бұрын

Great overview Ari! A good topic / suggestion for a future video or series would be to cover income investing to supplement retirement. For example, utilizing the brokerage account you suggested but instead of applying something comparable to the “4% Rule” where principal is accessed and you have sequence risk associated with a potential down market, have investments like covered call ETFs, BDCs, mREITs and preferred funds that provide a steady cash flow and you live off of dividends without touching the principal. The income investing idea is comparable to the thought that you referenced of working part time but more passive.

@earlyretirementari 13 күн бұрын

Thank you. Will add to my list :)

@michelletuttle4409 13 күн бұрын

Just found your channel and can't get enough! Can you include in a show your recommendations for a retirement calculator to use or purchase to play around with different scenarios (ie spending patterns (smile), income levels, retirement age, etc)?

@earlyretirementari 13 күн бұрын

Thank you. Yes, here it is (same software I use for my clients): ari-taublieb.mykajabi.com/early-retirement-academy

@HaNguyen-dy6xq 14 күн бұрын

You are the best!!

@tripp9713 13 күн бұрын

I really like your views on retirement planning. I am retiring next year at 59 and plan on doing very large Roth conversions till I reach SS at 67. My plan is to have all the money out of my 401k by that time.

@earlyretirementari 13 күн бұрын

Thank you. It’s very rare it’s optimal to completely convert everything to Roth.

@charlielipthratt7291 5 күн бұрын

@tripp9713 - There is one downside to your Roth conversion plan. There is a 2 year look back at your income to establish your Medicare taxes. Maybe your income is already so large that it won't matter, but it's worth looking into. At your age, you have until you're 75 years old before you start paying RMDs taxes. You might want to find a retirement planning fiduciary like Ari to help map out the best plan for tax optimization. I understand your goal! I transferred my last bit of IRA to my Roth right after I turned 60. Something I had been working on for a while.

@selflessman 14 күн бұрын

Tell them to be thankful for what they got.

@e.o.5241 8 күн бұрын

Ari- I want to be one of your anon published case studies. How do I apply?

@markbernhardt6281 9 күн бұрын

Like the Architect said in the Matrix. "There are levels of survival we are willing to accept".

@leeward1717 11 күн бұрын

Is the access to Right Capital full access to all aspects? Just asking because some offer access but not to all screens and functionalities. Thx

@earlyretirementari 11 күн бұрын

It’s complete access minus one toggle for investing purposes. You can see what people say here: ari-taublieb.mykajabi.com/early-retirement-academy

@leeward1717 11 күн бұрын

@@earlyretirementari investment purposes as in allocation of equities vs fixed income, or what specifically?

@earlyretirementari 11 күн бұрын

@@leeward1717 ⁠⁠you can link of your current investments in for a full perspective of your allocation (whenever they are - Fidelity, empower, etc.). The software defaults to a moderate allocation of 8% growth and 3% inflation for 5% real return throughout retirement. It allows you to stress test around these variables so you can run various scenarios. Please see what others say on the link provided to understand if it’s what you’re looking for.

@leeward1717 10 күн бұрын

@@earlyretirementari would you provide more detail on the toggle that isn’t accessible that you refer to as “for investment purposes” . Just doing due diligence here as there is a no refund policy. I’ve read the brief reviews but can’t presume to compare the authors to myself .

@earlyretirementari 10 күн бұрын

@@leeward1717 it defaults to 8% growth, 3% inflation so 5% real return throughout retirement. It’s a conservative estimate for projection sakes. The real value ain’t the software, although it is certainly nice. It’s the videos with me as your instructor.

@user-wj1pr1jj4p 13 күн бұрын

If I was 53 and had a 6 million dollars in a retirement account I would probably go with either the rule of 55 if my employer allowed it or significantly equal periodic payments. 7 years isn’t too long to have to e tied to the distributions and 6 million is a significant net egg to allow for unintentional over withdrawal. Just my opinion.

@earlyretirementari 13 күн бұрын

Not a bad idea!

@leehaskins307 12 күн бұрын

Sequence of risk for my retirment is not an issue… i’ve save enuf to be in fixed and other investments where the equity market has very little part of my income… i have fixed income, annuities as the most of my retirement.. the market and equties is what I dont care about… people should focus more on that then equities in retirement...

@chelseawhaling1205 13 күн бұрын

That client with $6.5M in their 401k could have used the 72(t) rule to tap into their retirement accounts before 55. Could have even done a 72(t) on just a portion of the 401k and can start another 72(t) if the first one isn't enough money. That's my plan if we retire before 55.

@earlyretirementari 13 күн бұрын

They didn’t want to increase income for 5 years to interrupt tax planning (Roth conversions, subsidy planning, etc.)