The Retirement Crossover - Here’s When to Stop Saving and Start Spending скачать в хорошем качестве

The Retirement Crossover - Here’s When to Stop Saving and Start Spending

Retirement Planning Academy: https://retirement-planning-academy.m... The conventional wisdom in retirement planning suggests saving diligently during our working years to enjoy retirement. However, this approach may not suit everyone. Let's explore why this perspective might be limiting and how you can balance saving for the future while enjoying life now. Consider Brad and Jill, both 52. Brad loves his work with no immediate retirement plans, while Jill is active in the community. They have various assets, including IRAs, investments, and rental properties. Despite their fulfilling lives, they occasionally feel burned out and want financial independence—to work because they enjoy it, not because they need to save. They aim to retire at 65, with estimated monthly expenses of $7,500, including travel and community activities. Factoring in healthcare costs, their expenses are around $9,000 before Medicare and $3,400 after. Brad's salary is a significant income source, and they conservatively plan to receive 70% of their projected Social Security benefits. Brad contributes $30,500 annually to his 401(k), with a $6,000 employer match, and they save $12,000 annually in a joint investment account. By reducing savings, they could free up $36,500 annually to enhance their current lifestyle. Projecting these changes, their retirement plan remains robust, with a 90% success probability. This case highlights the importance of balancing saving with enjoying life today. Personalized financial planning ensures that you can enjoy both the present and the future. If you’re in a similar situation, reassess your financial strategy to achieve a balanced approach for a rich and enjoyable life now and in retirement. ======================= Learn the tips & strategies to get the most out of life with your money. Get started today → https://www.rootfinancialpartners.com/ Get access to the retirement software I use in this video and more → https://retirement-planning-academy.m... 🔔 Make sure to subscribe here to be notified for future videos!    / @rootfp   _ _ 👥 Make sure to connect with us on all socials below → https://beacons.ai/rootfinancialpartners ⏱Timestamps:⏱ 0:00 - A case study 2:01 - Expenses and income 5:45 - Future cash flows 9:22 - Estimating taxes and projecting portfolio 11:53 - Fully living today, pre-retirement 14:29 - Longevity vs intensity 17:54 - Alignment vs optimization Other videos we think you'll like: About Root:    • Financial advisors with heart.   Worried about retirement? Start here:    • Worried About Retirement..Start With a Bla...