I’d rather have a tax problem than an income problem. I’ll just keep saving, no one knows what the future will bring as far as expenses.

Just turned 40 (millennial) 450k networth currently in this market…shooting for FIRE by 46-48…but still work part time so I won’t be bored and extra spending fun cash

I’m 60yo, retiring in March. My number is 100% because I didn’t realize I was so responsible with my money, I have a 50% pension and my wife just inherited $1.6M. So we’re going to do our best to spend it down and help our kids.

They need to keep saving like they are and realize that the beach and condo will be alot more enjoyable at 53 vs 63.

answer is save extra in brokerage account.....not a retirement account

So what I'm getting from this is only put the amount you need for retirement into retirement accounts, all other savings go into a different account without the retirement tax rules that can be used for anything as opposed to strictly retirement funds.

Oh no. Where is the cool bull and bear painting in the background? That was awesome

My plan is to tweak our spending based on the funds we can withdraw from investments. Our returns have been pretty good and there's a bit more money in investments than I thought there may be so we may have a little more income in retirement than we'd planned. That's ok, we work with some non profits, there's no shortages of places to get rid of a bit of excess money. If it turns out we saved a bit too much, so be it.

Thanks Dustin great examples

Thanks so much for this.

Great information!!

Great topic!

Thanks for this video. I definitely want to invest my money, but in all aspects. Not just for retirement.

I guess I don’t understand the issue other than it makes the financial planners life more difficult. They now need to look at things like Roth conversions or use QCD to avoid the taxes. I’m in my 40s and just had a financial planner go through my plan. He said my score was 155. Even in my 40s I’ve been doing Roth conversions up to the top of the 24% bracket. While I’m paying over 100k in taxes now it will save me in the long run. While I do wish I was focusing more on Roth earlier, I’m still going to save about 40% of my gross.

I wouldn't mind being them...similar story with my wife and I, but we are a little bit older.

Don’t wait for “some day”. For too many, “some day” never happens.

Structure the retirement funds so they will not have RMDs!!!! That is what I am doing.

Save only what I need.......how is that determined with variables like the inflation last year?

What's wrong with having a lot of money to give to charity? What if something sad happens like a divorce, it's hard to overcome? (i'm speaking from experience in my own divorce a ton to try to build back up my savings afterwards) Alot of life is uncertain having too much saved isn't the end of the world, just give more to charity or pass onto your children while alive I suppose it gets more views with the KZfaq algorithm to say you are saving too much

Was that $278,000 millennial net worth figure a single individual net worth or a family net worth?

It's Orangina Dustin.😄

Why did you model starting SS at 65, when their full retirement age is 67?

Could you please do more content for people that want to retire at 55?

What happens if Duke and Edna suddenly need $300k/yr to continue their lifestyle due to roaring inflation? Then they probably should have invested more?

Just stick to a Roth IRA

There's no such thing as saving too much

Video is a joke and trying to make retirement sound bad smh

Great video. Love Dave Ramsey but this is details he doesn’t talk about