Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

@Laura_j2

2 ай бұрын

@Gabriel-bb However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@Laura_j2

2 ай бұрын

@Gabriel-bb Judith Ann peace is her name

@Laura_j2

2 ай бұрын

Lookup with her name on the webpage.

@Laura_j2

2 ай бұрын

@Gabriel-bb You are welcome

@XtianRod84

Ай бұрын

Her name was Robert Paulson

Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money.

@CynthiaByrd648

Жыл бұрын

@Trevor Ogden I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

@Americanpatriot723

Жыл бұрын

@@CynthiaByrd648 This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?

@CynthiaByrd648

Жыл бұрын

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "JILL MARIE CARROLL" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

@Americanpatriot723

Жыл бұрын

@@CynthiaByrd648 This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.

As a 33 year old nurse I like the way you talk. You are realistic and use the death word so people know not only to save but to also enjoy life. Clicking the like button for sure

To retire with an annual income of $80,000 while making $28 weekly contributions, you would need a well-structured investment plan and time on your side. Given a 7% average annual return on investments, consistently contributing $28 per week, you'd need approximately 38 years to accumulate the necessary funds. This scenario assumes no withdrawals during the accumulation period and doesn't account for inflation. Consulting a financial advisor can help tailor a more precise plan based on your specific goals and circumstances.

@edward.abraham

11 ай бұрын

Indeed, this rings true. Currently in my mid-50s, my wife and I were on a similar path. However, in the last two years, I shifted my approach and invested under her advisor's guidance. While I might not have matched her historical profits, I'm seeing improved earnings. Even before retirement, my investments are yielding gains, surpassing what a sole 401(k) strategy would have achieved. Haha, quite satisfying.

@andrew.alonzo

11 ай бұрын

I'm in complete agreement, absolutely. At 54, I've recently retired with approximately 1.2 million in external retirement funds. While my retirement fund holdings are modest compared to my overall portfolio's growth in the past three years, the importance of a financial advisor's role cannot be underestimated. It's crucial to conduct thorough research to identify a trustworthy advisor.

@hunter-bourke21

11 ай бұрын

Is it possible for you to provide a recommendation for the advisor you're working with? I've been considering this change for quite some time, but I've had reservations. Any guidance you can offer would be greatly appreciated.

@andrew.alonzo

11 ай бұрын

@@hunter-bourke21 Camille Alicia Garcia, serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market.

@rebecca_burns14

11 ай бұрын

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.

Well, if working extra 10 yrs is going to extend my life by ONLY 2 yrs, then I prefer to retire early and be happy

@AaronDoud

4 жыл бұрын

It doesn't. Remember the group of people who retired at 70 only includes people who made it to 70. So of course the average life expectancy would go up. The retire at 60 group includes a whole lot of people who died before they reached 70. Simple fact is that life expectancy increases with age because you have outlasted people who died and who therefore not figured into the average.

@kellyy9349

4 жыл бұрын

People who can work to 70 years are most likely lot healthier versus 60 years. People who retire at 60 may do so because of health reason. Nothing to do with living longer.

@kauigirl808

3 жыл бұрын

Happier doing what?

@smithrob31

3 жыл бұрын

Yea, I’m targeting 55ish. I’d rather enjoy my retirement and not be a grumpy old guy at a job.

@lionheart93

3 жыл бұрын

live those 2 years like no other years tho...

Investing in the stock market is the most common way for beginners to gain investment experience.

@danieljamal3709

2 жыл бұрын

The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.

@veramonique1724

2 жыл бұрын

Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

@devdaniel3225

2 жыл бұрын

who would you endorse ? I've lost a lot on my own

@veramonique1724

2 жыл бұрын

TAMARA DIANE HAGAN, she is an expert who does the heavy lifting for me, she makes research on stocks, and adds my portfolio with stocks for monthly and yearly earnings.

@devdaniel3225

2 жыл бұрын

you got any possible means of getting more info on her services?

I’m 15 got one of these Roth IRAs I have made 6.9 percent on investments so far I’ve been doing it for 8 months wish me luck

@noy6184

4 жыл бұрын

how was it, let me know how that goes?

@alamina17

4 жыл бұрын

30 more years to go

@PedalToTheMetal61888

4 жыл бұрын

Snap chat niccololen...FINALLY i/m chatting with someone that's on the right TRACK...Un-like My HARD HEADED daughters that simply Won't Listen To DEAR OLD Dad ...so ...sad...They just Wanna take selfi''s and BUY stupid HAIR Weaves ... ...

@alamina17

4 жыл бұрын

@@PedalToTheMetal61888 sad

They key is to start early. If you're in your 20s......go!!! 🏃🏃🏃🏃🏃

@jayedemby9255

3 жыл бұрын

Start saving $50/ month @ 5 years old.

51 year old man and I watch. Never to old to learn something new. Keep up the good work. Videos are great!

@Jazzwealth

6 жыл бұрын

ron b hey thanks for watching!

@CreoleLadyBug

6 жыл бұрын

+ron b - I enjoy watching him as well and I always learn something. He’s a good guy . I’m in my 50’s too and you’re right, never too old to learn.

@floccinaucinihilipilifications

3 жыл бұрын

61 here! Good stuff.

My husband's great grandmother is 99 years old she will be 100 in May. She still lives in her own house still cooks still walks and doesn't miss her soap operas she's feisty and amazing and I hope I live to be her age with all of my faculties in my head

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

@jamesmorgan7066

3 жыл бұрын

I totally agree with you, the stock market is the most profitable venture I ever invested in, I reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading

@andrewpeter6783

3 жыл бұрын

@@jamesmorgan7066 Your right . Ever since I started investing in stock I've had a very good life

@beckansmith5224

3 жыл бұрын

Having a stable investment package keeps you financially stable!

@seanmiller3381

3 жыл бұрын

@@andrewpeter6783 the stock market is a vast platform to invest in. It's very profitable especially when you've got a trusted professional to assist you

@armalynnica5041

3 жыл бұрын

I'm interested in this stock market but I don't know how to come about it . Any advice ??

People die quicker once they retire because they have nothing else to do to keep them active, physically and mentally. I think it would be great to also talk about having a plan after retirement. Working at a nonprofit, volunteering somewhere, having a small business or hobbies. Something to look forward to on a regular basis.

@supermanbeatsthor

5 жыл бұрын

Christian Phillips That is a crock of shit. There is plenty to do after retirement. People are just lazy as hell that’s what the problem is

@normknapp4404

5 жыл бұрын

Auditing college classes for cheap or free keeps the brain active, join a “seniors” activities group and it keeps the body!! There is a group of “seniors” at the local bagel shoppe that sit for 2 hours EVERY MORNING and discuss politics, religion, books, grandkids, even sex. It’s the funniest shite ever to sit at a close table and listen... even occasionally get pulled into the conversation!!! It’s all about keeping “active” and current

@onlyrog5

4 жыл бұрын

People just get boring. They just need to hone in on what interests them aka hobbies. Like other commenters said, there's PLENTY to do outside of working. Ppl work so they can have the means and flexibility to not only take care of their needs but to have fun and help others.

@twinz966

4 жыл бұрын

ppl die working half of there live we are not meant to work making a corporation or a business more money than yourself they get millions of dollars to enjoy life while we get chump change struggling to get where they are ppl need to wake the fuck up ppl slaves still just in a new way your social security #, health insurance

@satyrisisxxx

4 жыл бұрын

If I can still masturbating after retire ... I'll pass the 100 rys

I would not trade 10 years of my 60's for 2 years of my shitting the pants 80's

The change in the ages is based on averages, not a magical boost to your health. Some people who retire at 60 die at 60 or 61, which brings the average down. No one who retires at 70 died at 61. The youngest you can die when you retire at 70 is 70, which means the averages will be higher.

@DiscoFang

6 жыл бұрын

Art Thomas Well said. The other side, apart from the pure statistical side is that someone working to an older age likely has better overall health. So the health itself drives the longevity not the longevity driving the health. Love this guy's vid but he started it by falling flat on his face. Not great for a supposed financial advisor to not understand either stats themselves or causation and correlation of outcomes.

@ashleyashleym2969

6 жыл бұрын

I wonder what the number look like when they only consider people who die 70+ so it's fair.

@gs-xx8uv

6 жыл бұрын

Good point. I am also assuming that you are more likely to retire earlier if you have serious health issues to begin with.

@timekiller6163

6 жыл бұрын

and not to mention he said 20 years of retirement at 80,000 per year is 665,000.....its actually 1,600,000 7:16 I stopped listening to the "financial advisor" that couldnt figure up 80k x 20....i did that so fast in my head after thinking "where did the 5 come from?"

@DCLover72

6 жыл бұрын

Smartest thing said on this video. Including what is said IN the video.

23yrs male and just want to say keep up the great work. Easy and straight forward videos. Blessed to have started young and hope everyone watching this lives a prosperous live!

I love your channel and everything you do. I'm subscribed just because of this video. One of the best most realistic and practically minded video productions I've ever seen on finance. Great video, great content, please keep it up!

So you work 10 years longer and you gain two extra years. No thanks.

@lavarstarzz7811

4 жыл бұрын

😂

@cherissef5297

4 жыл бұрын

Depends if you love or hate your job. . .

@TheBlackMage3

4 жыл бұрын

Also, you could work part time.

@LoveJones90_

4 жыл бұрын

🤣🤣

@draneym2003

4 жыл бұрын

Say you retire at 60... I'd rather take on a project/something I wanted to do when earning a living wasn't the primary focus. I'd think you'd be more apt to live longer working at something you really enjoy than working just for the sake of working

If you retire at 60 you get almost 22 years of paid retirement, however if you retire at 70 you only get about 13 years of retirement. So 60 is longer

I used to be an investment advisor, and I always tried (just as you're doing) to encourage young investors by illustrating that compound interest has three components: principal, rate of return, and time. You can earn and invest more to increase principal... you can get a better rate of return if you invest carefully, but you can never get time back. So yes, starting early is an advantage that most don't realize until it's too late. Your explanation is simpler and much better... probably an illustration of why I ONCE WAS an investment advisor! Good job!

If you change the return from 10% to the average of 7%, it cuts the balance at 67 by more than half - to around $300k.

@sammynalla

3 жыл бұрын

this makes me distrust a little

@Syphus323

3 жыл бұрын

40k a year is still livable income if you have a paid off house by then too so still doable

@Michael-uf1hz

3 жыл бұрын

@@sammynalla yeah it's a little misleading, he does admit the number is too high then dosent correct it for inflation or possible taxes. But to be safe always account for 2 to 3% of inflation and do your own equation. Alot of these videos are kinda best case scenario ideas and shouldn't be used to plan your whole budget around. Rather a big picture kinda deal to make some ignorant people understand it really isnt that hard to plan for retirement.

@nickschaps4022

2 жыл бұрын

I think for young individuals it is reasonable to say they might be invested in riskier high yield funds or index’s and could see much higher returns. Over the last 10 years my employer Roth 401k has averaged 14.2%.

@garygable4170

2 жыл бұрын

@@Michael-uf1hz That's true that he never returned to the 7% number. The historical rate of return by investing in the S & P 500 is 8%. BUT, he did exclude Social Security Income, so that will offset some of the 10% figure.

Turn 30 in Feb. have about $5k in a Roth IRA. Decided from here on out working to max out (5,500) my Roth every year. Trying to retire well before 67 though!

@Jazzwealth

6 жыл бұрын

Very nice! Thanks for watching!

@brownsugarsvh

6 жыл бұрын

Bryan.G Hello, I just turned 32 and I would like to do the same. What company to you recommend for the Roth? Do they charge monthly for depositing money or do you deposit once a year?

@olandofuller5588

6 жыл бұрын

Bryan.G market will crash before your 40. By land, silver ( higher return rate than gold), and seeds to sell.

@Gamerz00760

6 жыл бұрын

Olando Fuller I think gold and silver wont have value either.. I literally dont see people saying here is my bar of gold/silver for x amt of goods

@olandofuller5588

6 жыл бұрын

Gamer007 at 1st no. You'll have to hide it cause once the dust settles it'll have high market value. You'll just have to be safe cause people will hunt you for it. The main thing is to have a trade like carpentry, electric, and seeds to sell. The number 1 thing is GOD.

The fact that you replied to almost everyone of these comments is enough to convince me to follow you. Clearly you are invested in your business and care what people think. Looking forward to checking out more videos from you! (And Im not 27...41yr old male)

@Jazzwealth

6 жыл бұрын

ALMOST everyone? Who did I miss? :) I like responding to the good the bad and the ugly comments. As long as everyone keeps it clean enough for my daughter to read then I am happy to respond haha... Thanks for watching!

I know for a fact that making poor investments when You're young can make life after retirement a torment. Thanks to my son Jaime i was lucky to get some shares from the stock market and i am still profiting from them. I'm positive of a six figures profit this year

@eddieparker4529

3 жыл бұрын

I saw my mom struggle a lot after retirement, the trade market is like a well of income that doesn't run dry. Pls do tell How have you been Earning off the market.

@ericdelafuente8314

3 жыл бұрын

I'm 50 year old and I'm retired. My highest balance is my fidelity 401k with about $550k. I have a few smaller accounts trading with Noud Mika, a mutual fund and some fractional shares and my wife has an IRA with no idea with what's in there. hoping to both max our ROTHs next year! With Noud's aid we'd definitely to hit a $1m. But all my investments are financial moves are work from my licensed analyst Mr Noud mika.

@OhhHellNoYouWont

3 жыл бұрын

@@ericdelafuente8314 when I see people earn off the market I feel envious and inspired, I lost some figures in the crash in 08 since then I've been scared. But I want to be hopeful and try again and here feels like a good place to start. I'd like to know more about this man. How can I reach him?

@ericdelafuente8314

3 жыл бұрын

His direct mail @

@ChrisMFlorida

3 жыл бұрын

Scam thread

Retirees facing financial challenges often couldn't save enough during their working years. Retirement decisions play a pivotal role. Despite my parents having similar years in civil service, my mom invested with a wealth manager, while my dad relied on his 401(k). As a result, my mom retired with approximately 3.7 million, whereas my dad retired with around 1.4 million

When you said your average viewer was "27", you got me a little spooked there lol!

@MegaGouch

5 жыл бұрын

is he watching me through my webcam??

@chrisbrogdon5096

5 жыл бұрын

Haha me two. I just turned 27 a couple of weeks ago. So it definitely spooked me a bit haha I better start saving now or investing in the market.

@savirahinn

5 жыл бұрын

same it's like this video was marketed to us somehow. i turn 28 in a few months tho. great vid, i'm looking forward to saving a little more than 28 per week if this means i can retire comfortably.

@rossmacintosh5652

5 жыл бұрын

@@MegaGouch Keep your pants on.

Found you today for the first time. 27 yr old male... Laughed at your average viewer. @Jazz Wealth Managers

Quality of life is more important than length of life. I'd rather retire at 60 so I can live happy and die younger than endure the torture of working until I'm 70... but I guess everyone has their own priorities

@beverlyjohnson9279

6 жыл бұрын

Heather Anne Ultimate Travel Adventures

@winstonelston5743

5 жыл бұрын

For some of us, retirement at 60 so we can die younger just doesn't quite work out to a desirable compromise. And then, we can't be sure the strategy will work. My Granddaddy retired at 55 and lived to almost 88.

@jhonnygarcia7396

5 жыл бұрын

I so agree with you, rather retire at 60 and live till 70. Who wants to live past that can’t even wipe your own ass.

@winstonelston5743

5 жыл бұрын

I'm sorry you have so little confidence in your potential to live actively past seventy. I know several people who are quite active in their late eighties and past their mid-nineties, and my great-great Aunt lived to 106. With my family's longevity, I'd be foolish not to plan for a thirty-five year retirement.

@jazz19198

5 жыл бұрын

Jhonny Garcia my fam lived to be 103 and she was sharp til the end

I think you live longer when you retire later (especially if you love your profession) because waking up, dressing for work and tackling projects give you purpose. When your mind is challenged less, you will notice mental and physical decline faster.

Thank you for the breakdown

True, there are some information gaps in this video, BUT, the fundamental idea of starting to save while you're young, saving CONSISTENTLY so that it becomes as automatic as breathing is the valuable takeaway from this video. According to Justin's demographics, I definitely don't fit his regular viewer - I'm a recently retired woman....it would have been MUCH MUCH MUCH (did I day MUCH?) easier to save if I'd started at age 27! You have the benefit of time + interest or rate of return to perform the magic of compounding. Justin....show these fine young people how the magic of compounding works. I bet many more will get absolutely hooked on saving when they realize that compounding interest does a lot of the work for you, IF you start now! Best wishes.

@Jazzwealth

6 жыл бұрын

Hey thanks! Yes there is much room for improvement. I didn't want to get to detailed as I thought the average viewer would not be interested in more of the specifics... WOMAN was I wrong! People like to see the general info but really like to dig into the details. Many more detailed videos coming! Thanks for watching!

Great video! Question for you! You clearly made some assumptions on withdrawal rate and taxes. What were those assumptions? Were you assuming the standard 4% withdrawal rate? Assuming Traditional vs Roth contributions? That may make a big difference for people watching. THANKS!

Great video! Liked and Subscribed. Refreshing to see someone who thinks it's as simple as I do.

I so wish I started in my 20s instead of my 30s. Trying make up for it by putting in the max.

@DKBlair

3 жыл бұрын

Mike P 20s? I wish I started maxing out my Roth IRA in HS/College!

I’m 40 now. Wish someone would have told me this earlier... Good video. Thanks.

@jayedemby9255

3 жыл бұрын

At 5 yrs. Old need to be saving $500/ year.

@Michael-uf1hz

3 жыл бұрын

@@jayedemby9255 yeah do it for your kid, and when they come of age and start working make them contribute it if they can afford it, if not help them out a bit if you can. It's amazing what a little planning and budgeting can accomplish.

Hello Sir. Thank you for the great info. Just subbed.

I’m watching this almost exactly one month before my 28th birthday so you’re spot on with that data.

@anushaidamakanti4952

3 жыл бұрын

Probably you can stay with your parents and add more money than he suggested . May be you can move after 2 years . That will save your rent and efforts for your IRA I guess.

80k a year times 20 years is 1.6 mil. How do you even? Wow

You forgot to say why you used 10%. 5% would be more realistic.

@JuniorRodigan

5 жыл бұрын

so the headline in the title grabs more attention and clicks

@utprez

3 жыл бұрын

S&P has averaged 10% for the last 90 years...why would you expect 5%?

@mutablegemini9805

3 жыл бұрын

It’s used the yearly return and capital drawdown to get 10%. It’s only for 20 years with nothing left in the end

You did good with the number, you give me a clear idea on what to expect. Thank you

No but this is actually was really helpful, thank you so much for breaking this down in such a clear way. I am 30. So I'm pretty much where are you have the example starting out at. I'm super excited to find out that I'm going to have $80,000 a year when I retire. Because I am for sure following this advice.

im 50 im ready to retire now i own my house and cars i retire i not drive much .it only cost me 4k yr live on i dont need very much and im happy

@eloisaferruzola3680

3 жыл бұрын

Wow, I am sure you had a good plan!

It is good to get young people to start thinking about this. I am 63 and I know people my age and older who their main asset in life is a $1500.00 Social Security check. Scary, yes considering that $1500.00 if more than the average Social Security check.

@PedalToTheMetal61888

5 жыл бұрын

...THIS...is...TRUE...my ...Dad...from...WW-II...ARMY-AIR-CORPS-...was...only...$...981.00...per/mo...with ...7...mouths...to...feed..!!

27 year old male here 😂 when you dropped that line I felt alot better about my life.

I'm 23 and just opened my first Roth IRA and maxed the 2018 contribution. Looking forward to putting in the new max of $6k next year!

@Jazzwealth

5 жыл бұрын

Nice!

@marcuswijaya2569

5 жыл бұрын

How much do you make a year?

@PedalToTheMetal61888

4 жыл бұрын

...this is what i keep telling my ...HARDHEADED...''Daughters...!???

I missed where he explains 10% return..

@tmektmek

4 жыл бұрын

For the past 100 years the s&p500 has averaged 10% annual returns (I assume reinvesting dividends) but that's not considering the affects of inflation and the average rate could drop going forward (or it could go up, no one knows the future)

@THEANCASA

4 жыл бұрын

Same here!

Holy crap when you said 27 it hit me hard. Thats my age too lol

Thank you so much for all your info. So practical and easy to understand!!!

@Jazzwealth

6 жыл бұрын

Thank you for watching!

Great great video. Thank you for sharing your experience and thoughts on this important subject.

@Jazzwealth

6 жыл бұрын

Thanks for watching!

Did I miss something here? $80,000 a year x 20 years = 1,600,000, not $665,000.

@gerkee2087

5 жыл бұрын

Lulu I calculated this over and over again. Idk how this number was calculated...

@mikero1344

5 жыл бұрын

I was just thinking this. I dont want him managing my money. Lol

@CreoleLadyBug

5 жыл бұрын

Fees

@Draconicmonkey

5 жыл бұрын

You're not compounding in the investment income. To do that you have to use a future value equation or a monthly amortization chart. Essentially what it looks like is Principle ($665,000) + monthly investment income (0.008% * Principle = $5,608.33) - Money Withdrawn ($6,500) = Next month's Principle balance ($672,108.33) Which is a $891.66 loss over all. Essentially he is counting on the monthly investment income to compound your retirement savings to lighten the impact on your savings account so you only lose around $1,000 dollars a month in the first year instead of the full $6,500. There are a lot of flaws in the assumptions he is making IE during a market downturn you may make a larger dent in the principle and exhaust your funds faster even if it upswings afterwards. This doesn't factor in withdraw taxes for 401K's or capital gains taxes for regular brokerage accounts. Additionally it doesn't try and account for inflation, the reason most financial advisers recommend higher retirement values is because you want to try to maintain your purchasing power - not just a nominal spending value. To do that you have to factor in 20 years of inflation, if you use his model you'll end up with a lower purchasing power (~2 - 3%) and perhaps lower quality of life year over year, and if you lower the annualized rate of return down to 7% I get closer to $837,000 needed at age 67 in a perfect/consistent world that would leave you with $895.90 left over in your last month of life. Better advice is to plan on being able to live off of 50 - 60% of your monthly retirement investment income so that your retirement account continues to grow and hedge against inflation for the rest of your life. That should work out to an annualized 3 - 4% of your retirement principle which is hopefully gaining 6 - 7%. That way you can better defend your purchasing power while in retirement.

@dus10dnd

5 жыл бұрын

It wouldn't be 1,600,000, either. Standard is to draw down 4% to not use up your money. So, it would be $80,000 x 25 = $2,000,000.

Dustin, I am ashamed to say that I am now 53 and I have never EVER done this before. I am planning to soon. Is there hope for me? Most close friends have told me to do a Vanguard account with a target date.

@wonderlee8861

5 жыл бұрын

Martin R. refer to Oliver C. , just above, clicked at the wrong time. W Lee

60 year old female here! Watching for myself and my 22 year old son.

Thanks Jazz wealth great information. I’ve listen to 2 of your KZread videos. I’m taking your advice!,

Geeking out on that math

IM not working for nobody for that long I’m retiring in my early 40s

@alitlweird

4 жыл бұрын

sKoot now or never! 😂🤣😂🤣🤣 👌

@SpotlightGlobalMusic

4 жыл бұрын

People who retire at 40 only live to 47 lol

@mashedtomato2079

4 жыл бұрын

@@SpotlightGlobalMusic are you joking?

@nunyabusiness1317

4 жыл бұрын

that's just because they are no longer active and probably eat like shit.

I like your thinking about why the industry wants you to save millions, I thought the very same thing myself. Thank you for the info, you are one of those rare jewels. I will be forwarding this to my kids so they can start early.

I have to say, I found it rather amusing when you talked about your typical demographic, which I just so happen to fit into perfectly. First time viewer by the way.

I’m in my fifty’s and have over 150k in savings. I don’t touch it. I’m retired living off of dividends and a pension. I don’t live above my means. I have a 18 year old Honda Accord with less than 100k miles. Bought it brand new. Oh I have a Benz too all paid for. And I live in a two bedroom cottage. I love it. No debt. Excellent credit score as well. According to you I’m behind. What do I do? Oh yeah and I’m black. How long am I supposed to live now?

@Jazzwealth

6 жыл бұрын

No No I love this! This comment is proof that not everyone needs millions of dollars in retirement. Everyone's situation is unique and requires a different base of funds. Thank you so much for posting this so people can see reality! You saved and now it works for you. Thank you again for posting.

@Justaguywithtruth

6 жыл бұрын

Lol, that's great..👏👍😊

@CreoleLadyBug

6 жыл бұрын

Troy Jones - Hey Troy 😊 I’m just a 🐿 trying to get a 🥜. Thanks man

@realityhitz9351

6 жыл бұрын

Mademoiselle Minou can you invest some of that in me and my music

@CreoleLadyBug

6 жыл бұрын

HustleBangerz ~ Thank you for the invitation to become apart of your upcoming success. I too am a musician I play classical piano , alto sax, viola, guitar and flute. Classical and jazz are my favorite genres. I listened to your instrumental called Mama. It had a nice groove. However I cannot commit to a you tube post. I am a researcher. In addition to that after watching your videos with the wads of money and smoking. I don’t believe that’s what our black children need to be feed. No offense. They already think we’re stupid. But I’m not. Please take my criticism as constructive and don’t give up on your dreams. I have a broker that handles my investments. He would not suggest that I do what you are asking.

40 years from now 80k might buy a car, lol.

@3777177

6 жыл бұрын

I think like tripled that number....maybe 10 times more...

@halffead

6 жыл бұрын

Its a car now !

@OminousCamaro

6 жыл бұрын

haha didn't notice someone else thought his numbers were a little screwed. You need about 2 million to retire. The inflation rate is around 2.3%/yr. Now do the calculation.

@pku2death

6 жыл бұрын

Depends on the car, but let's say a car is $25000 now, then it should be around $65000

@BoriPR82

6 жыл бұрын

It will be more than you'll have if you don't save

This is a really good video. I find your material to be very credible. I’m inspired, and I have faith in my plan. Thanks for confirming!

@Jazzwealth

6 жыл бұрын

Very nice! Thanks for the kind words and thanks for watching!

Great video, thanks for breaking it down and showing all the assumptions behind your math.

@Jazzwealth

6 жыл бұрын

Thanks! there is an even better one that goes into more detail on our channel...more to come!

This is based on people who don't exercise or a vegan health but, simply they just live life to the fullest.

@onlyrog5

4 жыл бұрын

Plant based w meat a few times of week is better imo then veganism

Wow I’m 37 and I started my full time job 10 years ago so when I was 27, I started this very thing but putting 6% of my bi-weekly income which is easily over the recommended amount here!

Informative post. Something to remember is the fact that people who retire later tend to live longer is likely more of a correlation than a cause. A person who is in good health can work longer more easily, and will likely live longer because of the good health.

this video helped a lot. thank you. btw im 37yrs old and just starting :'( wish i knew this sooner.

@Jazzwealth

6 жыл бұрын

thanks for watching!

3:10 I think this is merely a case of correlation=/causation. The people who decide to retire at 70 usually do so because they are in good health at that age.

@adambeller

5 жыл бұрын

Also for the 70 group you just removed all of the people that dies between 60-70 from your average.

@Tk30nette

5 жыл бұрын

Because they have desk jobs with cool Air conditioning !!! ha ha

@wonderlee8861

5 жыл бұрын

At about 50, after almost 30 years in investing, I had $177,000, now into Aggressive Growth Managed Fund, account tripled in 15 years!

@PedalToTheMetal61888

5 жыл бұрын

@@Tk30nette ...BUT NOW THEY SAY ...AIR...and The ...WATER ...supply is What's ...Killing...Us..!!

@PedalToTheMetal61888

5 жыл бұрын

@@wonderlee8861 ...right that''s what Dave-Ramsey said...to...do..!!

So many says to put money in a IRA roth but nobody says once we put money in a roth where to invest the money or how to set up for automatic investments so we earn that return.

@onlyrog5

4 жыл бұрын

Gotta research my guy. Betterment has a smart saver and roth accounts available. Lots of videos like this teach you NOTHING.

I'm a 27 year old male and I'm freaking out! It's like you made this video for me lol

@adrian3747_

4 жыл бұрын

same and im turning 30

Good lookin out homie!! Thanks for the honesty!!

@Jazzwealth

6 жыл бұрын

Thanks for watching!

What about the built-in inflation of 3% on the US dollar? Why was that not accounted for?

@Jazzwealth

6 жыл бұрын

Jay B. Was trying to do a simple video but based on the response people want more. Have a series of videos on the way that go way more in depth and run a number of different scenarios including inflation and post retirement assumptions. Thank you so much for watching and commenting!

@hanhelimax

6 жыл бұрын

I know this guy is really dumb. inflation minimum goes 3% and often 5-6% depending on the year. in year 2058, you would barely afford used car with 80,000 dollars. plus, medical expense skyrockets as you reach near 70. 10% is too optimistic as everyone says here. even 8% return would put you under 400k in 40 years.

@Jazzwealth

6 жыл бұрын

hanhelimax hmm not sure I see how you even come close to that inflation rate. We all see to agree that it could be a problem but we can't plan for the future based on guesses. If that were the case then the US debt would scare anyone out of ever doing anything ;) Thanks for the comments (besides calling me dumb)

@anonymoose9801

6 жыл бұрын

Another thing not accounted for here is that if you are depending on such high returns while you are in retirement, you are directly dependent on stock market performance. I guarantee you the stock market will not return 10% a year for your entire retirement. Advisors typically suggest you have "millions" saved so your money can earn low interest in a "safer" investment vehicle while still allowing you to live comfortably.

@netkev92

6 жыл бұрын

Time adjusted value of money seems like the big weakness here. It is hard to package a complicated situation in a video.

What am I calculating wrong, 80,000 multiplied by 20 is 1,600,000.00 not 665,000.00

@washingtonneves2933

5 жыл бұрын

valentino are you seriously asking that question?? Have you ever heard of compound interest. And goal on that exemple is to spend all that money by the time you’re dead, so as you use up the money monthly it earn interest on the rest of the money that is sitting there.

Great video. I’m excited to be subscribed to your content! This video for the W

Correlation is not causation. Maybe its a healthy lifestyle that enables people to both work later and live longer?

hi,, as I am interested in this very topic I wanted to point out some possible error or confusion: forget about other concerns expressed in other comments ( inflation..debatable 10% annual return etc...) , lets look at the numbers you presented: if I, a white male, retire at 67, based on your initial statistics I can expect to live roughly 82 years .. in that case I can expect to have 15 years of retirement, $665,000 / 15 is $44,333 not $80,000 .. am I missing something ?

@Jazzwealth

6 жыл бұрын

I'll admit this was not my best effort. The study includes social security and assumes growth in retirement at half the rate. I am already prepping more videos that get into much greater detail. Thank you so much for commenting and watching!

@FABRIZIOZPH

6 жыл бұрын

Jazz Wealth Managers no worries I understand it is difficult to pinpoint a specific figure.. and by the way I think $80,000 a year in retirement is ambitious for most people especially Floridians.. assuming that at the retirement age one no longer has a mortgage I would assume one can live with much less

I feel good then, I'm 22 and started my Roth IRA last year, I max it out every year at 6k a year .

@eloisaferruzola3680

3 жыл бұрын

Good for you! Also get your 401k if your employer match it.

@antmydude236

3 жыл бұрын

@@eloisaferruzola3680 unfortunately they don't :/ I just have a regular account with dividend stocks after my Roth IRA. I plan to retire before 59 so a 401k doesn't make sense for me.

I’m definitely male …25 and starting early can’t appreciate you enough for giving us insight and keeping things interesting

Im 65 years old...we never had internet or videos to learn this financial stuff. Wish we had it to learn how not to end up homeless...

Ummm how is 80,000*20=665? You living on Mars bro?😂

@anthonymatteson8218

4 жыл бұрын

I am assuming that he just wanted to keep this video simple. It probably assumes that you are still investing in growth stock mutual funds or something when you retire. 665,000 still growing at 10 percent would increase your funds a ton over twenty years. however, I do not know tons of people who are trying to invest that risky in retirement. I would love for him to explain this one to us!

@ryanmurphy4287

4 жыл бұрын

Last time I checked, 80k per year for 20 years was 1.6mil

Do you have to account for inflation? The 80k now will not be worth 80k when I retire

@CarMaintenanceGuy

6 жыл бұрын

It is when you move to South or Central America. They are 20 years behind us financially.

@joedoe7839

6 жыл бұрын

Sotheara Chea This is the reason why you have to account for inflation.

@12106445

6 жыл бұрын

Philippines is better.

@WeworkingFan

6 жыл бұрын

Ok thanks for that!

@kerynl.sanchez9891

6 жыл бұрын

Sotheara Chea I will retire in Colombia where I own a home. Any pension will do, food is cheap and organic.

This guy guessed my age quicker than I guess it.

I'm on the right track. Not as much to 80 grand. But that's not what I will need. Thanks for the video😃

It's clear we need to retire as early as possible, 20, 30, 40, 50 years old retired.

@PedalToTheMetal61888

4 жыл бұрын

...that...is...correct ...i tell ...my ...'Daughter...this...every ...Day...BUT SHE JUST CAN''t PUT DOWN...Damn...i-phone...LONG...ENOUGH...TO ...LISTEN..!!

Who works all their life save money to have fun or freedom at an older age that’s not living

@NEMoretime

4 жыл бұрын

Is somebody living their life not saving any money for retirement living?

@LovelyyAubrey

4 жыл бұрын

NEMoretime are you asking me? Or telling me?

@LovelyyAubrey

4 жыл бұрын

NEMoretime I’m living my life enjoying life driving my new Tesla saved by grace blessed and highly favored ukurrk

@NEMoretime

4 жыл бұрын

I wouldn't expect a high percentage of people to have a good savings for retirement. I'm just asking about the other extreme. I'm not asking about you personally. I'm just asking if the other extreme of not saving anything is living? I'm gonna say some people would still say yes.

@LovelyyAubrey

4 жыл бұрын

NEMoretime I agree me personally, I’m still living I save for the things I desire or get blessed with. And of course people should save to have money for funeral and their children when they pass away and that should start early especially if you have children because you can’t take life for granted we can go at any moment.

I'm 46, thanks for the downer, thought this would be an inspirational video.

@Jazzwealth

6 жыл бұрын

Haha don't fret. Get after it ;)

Don't wait to retire at 65.....do it at 62.

@PedalToTheMetal61888

4 жыл бұрын

...right...that''s what ...i ...did...!!

I’m a 27 year old and trying to put 2000 a month into my portfolio, diversified among many blue chip companies. Thoughts?

@Jazzwealth

6 жыл бұрын

The 2000 a month is amazing at your age.. Good job! At 27 I would think you would want more growth, but maybe you have a plan that I'm not aware of. Thanks for watching!

@PunkNDisorderlyGamer

6 жыл бұрын

Jazz Wealth Managers trying to build a dividend paying portfolio that yields on average about 3.5 to 4% with a little growth. The faster I can get the passive income coming in, the faster I can start compounding.

@Jazzwealth

6 жыл бұрын

There's the plan! Keep it up!

@dodgingrain3695

6 жыл бұрын

You should be looking for low fee index funds, given your time frame fee's could be a big drain. I hope most of that 2k is going to either a roth or 401k to avoid some of the taxes.

@Jazzwealth

6 жыл бұрын

DodgingRain but he said his goal was dividends. Seems like we both disagree but that's what he wanted :)

In 21 , started my 401k at my new lob a little more then a year ago . And now I already have almost 6 thousand in my 401k . Im not going to rely on social security to have a nice retirement .

@winstonelston5743

5 жыл бұрын

Good luck. I just started a new job at almost 62, and I've got $86 less taxes in a Roth 401k and $86 match, fully vested in a conventional 401k, invested as aggressively as possible. With some luck, other savings, and Social Security, maybe I'll get by.

I'm going to start doing that. This video helps

@PedalToTheMetal61888

4 жыл бұрын

...'''Chastity''...pretty ...woman...such as...you ...''HELPS-''...me to LiVe ''...LONGER-''...2157293878...

This video is funny as hell i love it 🤣🤣🤣

My grandma will be 101 years old this year. If I live that long I may need more money to last 30 -40 years.

@Jazzwealth

6 жыл бұрын

yeah those are good genes :)

@HELLOPATTAYA

6 жыл бұрын

yes you will because good genes, my GM died at 101.5 (3 years ago)

I'm going to wait until I'm 30. I'm 28 right now but I want to pay off all my dept first. However if I accomplish that before age 30 then yeah I'll start then.

@allenklingsporn6993

5 жыл бұрын

Realistically, you should be making the move that loses you the least amount of money. If your interest rates on debt is lower than the dividends you'd make from investing, then you're better off making the investment (depending on risk of an individual investment portfolio) and just making the minimum payment on the debts. Interest compounds in your favor with investments. Waiting two whole years can seriously affect your ability to retire happily.

@feztoys

4 жыл бұрын

Put into the 401k now if your company matches. I have 20k in my 401k after 2 years. My first year I got 6k into my 401k, year 2 it jumped to 20k. I don't know how the math works within 401k but at the end of the year it said my account had a 26% gain or whatever. I'm sure after the end of this year it will jump to 35k. 3 years for 35k. You take it out, after penalties you get 28k then use that to pay your debts.

What wow what does that say about the value of work and health

Hey man I just checked out this video. This is amazing, I looking to invest in one of these accounts so this is the best way to invest?

38 and have 170k in 401k. Most sites show I'm behind. Refreshing to see a video like this :)

@marcuswijaya2569

5 жыл бұрын

utseay most sites show something unreachable. 170k is a lot!

I’m 36 sounds like I’m screwed. Should of started when I was 20

@dougiewugs5434

4 жыл бұрын

I'm 53 thinking the same thing.

@yolanda9730

4 жыл бұрын

@@dougiewugs5434 I'm 55. Are we doomed?

The cohort that lives to 70 does not include the small amount of people that died between age 60 and 70. That's why the life expectancy is longer. The actual retirement age has little to do with the life expectancy.

I really appreciate listening to this one. I started following you and look forward to hearing more good advice. Where are you out of and will you be doing any speaking engagements in the Phoenix, AZ area later this year or next year? Thanks

@Jazzwealth

6 жыл бұрын

Hay thanks! No more live engagements til summer and on the west coast, sorry ;( thanks for watching!

the point is ... Social Security is a 'tax' masquerading as 'insurance' TODAY (2019) we have a 'medical tax (insurance) line on our paycheck, also ...noting this, you really 'net' half of what you think you gross ...Now, you get to purchase more insurance ...Homeowners insurance ...Automobile Insurance ...Life Insurance as 'inflation' forces compromise into your spending habits, you seek to understand how this all happened ...TOO LATE ...It is true enough that if you put a 1/4 of your 'net' into a savings account at 1% (compounded daily) you will be able to retire at the age of 45 with your salary in residual income ...Now, actively manage this account with 'discounted trust deeds' you can retire at about 35 ...This is why each of U.S. should work 1099 or incorporate 501c3 (non-profit) and use Hollywood Accounting practices to keep the government out of our business ...NO, instead we take the easy way out and submit to 'employment slavery' (withholding tax)++ and then whine about the progressive poverty that we endure by old age ...you might notice that the government operates just like a charity (non-profit)

People who are setting up their own retirement accounts will usually be dealing with I.R.A.s, available at financial-services firms like big banks and brokerages. But however In general, what you invest in tends to have far more impact on your long-term earnings than where you store the money, since most of these firms have pretty competitive account fees nowadays.

@jaynesimpson183

4 жыл бұрын

I'm 49yrs and I've been investing in the stock market such as forex. Forex trading is one of the most reliable online global wealth creation, highly profitable and safe when you work with the right guide, strategies can only be effective when use on the right platform, further study and expert tips.

@lopezjoe857

4 жыл бұрын

Yeah that's very true. Forex trading is really profitable. The rich becomes rich by spending like the poor and always investing while the poor is always spending like the rich without investments

@cjcole1005

4 жыл бұрын

I really feel like it is a good opportunity to focus on investing after been laid off for a while, during a research I came across an article where an investor mentioned he made over $580,000 trading forex at the first quarter of the year, so as a newbie I would like to know the requisite steps on how to become a good investor and make good profit.

@richardgetty7669

4 жыл бұрын

You're a genius. Just saying that Williams

@richardgetty7669

4 жыл бұрын

A lot of people fail to understand that forex trading is really lucrative and it is leading a very dominant stock today in the market...

Hi thanks for the vid. Do you have some recommendations for someone like me who is a Brit living in Norway? - should I invest into a Norwegian/ British pension fund for expample? Thank you

@Jazzwealth

5 жыл бұрын

Wish I knew more about overseas retirement options but I am not the best one to ask about this. Thanks for watching!

good video very assuring and very motivating at the same time