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Ari Taublieb, CFP® is the Vice President of Root Financial Partners and host of the Early Retirement Podcast.
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Appreciate you, Ari. Thank you!
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.
Having kids in college and a big remodel is not being “unlucky”. These are known things. Just accomplish them first before retirement.
They saved especially well considering 1 income that’s relatively low compared to his current savings rate, age and income amount. Either they backed down their rate…started super early, inherited an amount or did very very well selecting their investments
Beyond a sequence of return risk and with a person comfortable with both the variability of using a dynamic spending strategy and volatility of a 100% US Market asset class it seems like a 100% US Market portfolio would fare better than the portfolio 3 mix.
Very good illustration of how greater diversification can actually outperform the tradtional balanced portfolio and the S&P 500. I've used Portfolio Visualizer a number of times but I didn't have the withdawal portion so I was always just looking at how the accounts grew and the S&P fund would always crush balanced or diversified funds. It's amazing to see how withdrawals change the outcome. I also enjoy the idea of doing ROTH conversions during a bear market. If you could schedule a bear market for me in a few years when I'm ready to retire, I'll feel better about moving my pretax savings into a ROTH😃
My experience with ACA in Texas is that very few doctors will actually accept it.
Some of what you advocate I agree with. For example, depending on other income sources and what percentage of your expenses are covered by them should impact your portfolio mix. But other than that, I think its a case by case individual situation. Also while I don't suggest timing the market, having cash does give you opportunities to make changes in asset allocations. I think we both would agree, that the most important is not to have to liquidate assets when they are at market lows. And I think we both know that equities DO out perform fixed assets over time. So for me, even though now it looks like I AM spending about 2% of the portfolio value, because of my income sources including SS, dividend and option trading income, and soon my wife's SS. cover about 70% of the expenses. Other than increasing my cash level to about 2 years of burn I am mostly in equities. Specifically income stream is about $13 a month. Monthly expenses now about $19K, but going to $16K . but the portfolio is one where the difference between the 2 is about 0.0001% the value of the portfolio. So I am not going to be "taxing it: to much with the withdrawals. My plan is to be able to weather any large correction of the market
What's your Retirement allocation of 'Moderate'? Does that indicate the nominal 60% stocks and 40% bonds investment ratio? Is 100% stocks (S&P 500) 'Aggressive'? Or is 'Aggressive' 50% S&P and 50% TQQQ?
Excellent... Perhaps I missed it. Does the Rule of 55 and 72t apply to a Roth 401k?
It's important to invest for desired outcome.
Thanks , i also have 95% in traditional and is going to be a tax/medicare issue in the future .
You’re welcome!
This was a good one.
Thank you!
Thanks Ari for another great video with very useful information!
Can i do Roth conversations in retirement or at my full retirement age?
You can do them at any time. Don’t always recommend, but nothing is stopping you from doing it when you want to legally.
Work on building your energy and health aa well!!
Yes!
Does this mean that we should be diversified and reallocate when we start withdrawals in retirement? But until we start the withdrawals, we can be as aggressive as possible by being in 100% equities?
Check this out: kzread.info/dash/bejne/rHeK2qyQdpmrZNo.htmlsi=PKocpTeuBt86n6we
Great video, Ari. I'm still working and am invested 💯 in index funds. I've dabbled in REITs and international funds but never saw great returns. However you've given me a lot to think about diversifying in my retirement years. Thank you.😊
Thank you!!
Fixed Lifetime SPIAs. Let the insurance companies bear the risk.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@VioletJessica- That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@Margerat-x My advisor is Victoria Carmen Santaella
You can look her up online
@@VioletJessica- The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
This is such a weird non-explanation. Ok so I fill the 0% LTCG bracket with tax gains from the taxable account - great. Then how do I do Roth conversion? If I do that - that would be taxable income, so I'm stacking it underneath my LTCG, correct? So now it's taxable? What are we doing exactly?
The "die with zero" strategy doesn't mean you don't have dependents, it means if you do you will disburse the money to them when you're still alive and when it is likely more useful to them than after you're dead and they're middle aged. "Die with zero" means leaving money to people earlier rather than later when you die. Of course there can be very negative tax consequences since inheritance laws are generous.
Should we use the same allocation % like portfolio3? Great stuff, thank you!
Depends which accounts you have - check this out: kzread.info/dash/bejne/rHeK2qyQdpmrZNo.htmlsi=PKocpTeuBt86n6we
one of my favorite videos so far, Ari. you're on a roll lately. diversification produces more options to leverage regardless of market conditions.
Appreciate that! Always trying to up my game
It's easy when you look back and alreay know what happened.
Good point. I wonder if the results would be different if we pick a different starting period.
Instead of measuring the lengths of bear markets, wouldn't it be better to measure the length of time to recover back to previous level. Although the 2000 bear market lasted only 929 days, it took 8 years for S&P 500 to be at previous high. If we take dividend and inflation into account, it took even longer.
Very informative. Thank you!
You’re welcome!
Nicely done and enjoyed the playful tone - there’s plenty of too dry, too serious highly qualified financial content out there. You made it pretty clear, but it bears emphasizing, that fully diversified portfolio looked best here because the investor was “taxing it heavily with significant withdrawals *every single year*. An investor who does not need to hit their portfolio heavily every year, who perhaps can decide to take money out only when the market is up (“cash/spending bucket” strategy), or who does not need as much in general from their portfolio can likely be more heavily in or all in equities.
Well said
Step 1, build monster portfolio, step 2 build castle in the hills. step 3 pass down portfolio to next generation step 4 watch my kingdom grow from cloud recliner chair
Yeah, The SECURE Act torpedoed all my plans. Thanks for the info
How?
My planning is for 7 generations. I want to give while I’m alive and leave as much as I possibly can to my children and heirs.
7 generations????
Can you add me? 😁
A wealth of knowledge with a little humor and good delivery. Very good advice.
Excelente
Thank yiu
I can’t imagine dying while wishing I spent more. There is always someone to give it to.
However, perhaps better than running out of money before you die, no?
Great content! I love playing around with different scenarios in portfolio visualizer! What you should have mentioned in this video is the very low probability that reality plays out in a way that makes portfolio 3 the best option. Probably less than 10% of all 25 year periods, if I had to take a guess. You’re most likely going to leave a lot of money on the table if you’re designing your portfolio around a 10% probability doomsday scenario. I’d be 100% high quality equities with 2-3 years of core expenses in cash. Belt tighten if you need to during bear markets and leave the equities alone. IOO is a great all world fund to consider that market cap weights the best companies globally. Basically an all world S&P 100. And I’d only go with REITs if you can do it in a tax sheltered account and you have the discipline to only spend income and not sell shares. REITs can be even more volatile than the S&P. Doesn’t need to be more complicated than the S&P 500 (or a high quality dividend growth ETF like DGRW) across a combo of tax advantaged and regular brokerage accounts, 2 years of core expenses in cash, and a paid off primary residence. If you have that, you can weather just about any bear market and you’ll have a lot more wealth to enjoy over your life.
When I read that comment and I thought what a selfish A-hole. 😮 But everyone needs to live their life on their terms!!! Thanks Ari.
You’re welcome!
Love the topic. :) Can't wait to watch it.
Hope you like it!
This dude is gonna feel real silly when Congress extends the cuts and nothing changes.
I don't love the 4% rule either. You say that intra-year or even year-to-year variations cause you to spend less. All of that is built in the 4% rule. You completely lose credibility at this point, even though some of your other posts are valid. The 4% rule has enough limitations you don't have to make some up!
Ari, great explanation on location. I've not heard this anywhere else. I learn something from every one of your videos.
Thank you Ari! Our situation is entirely different, but this is encouraging to think through lots of possibilities. Being from SC, it would be a great place for them to settle because real estate is so cheap there compared to a lot of other places.