I'm 34 With $1,000,000 Invested. Can I Retire When I'm 48?

I'm 34 With $1,000,000 Invested. Can I Retire When I'm 48?

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[FernandoBowen-]

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.

[lazycatdad]

“To sweeten the deal, we’ll send you a tumbler.” I’m dying lol

[sootherelax]

His money will be roughly around 5 million by 54. And 10 million by age 65.

And this is with no more contributions. Good job buddy.

[Yugiboii]

This guy is killing it!! Very good job

[andrewneilson]

Bridge account will be key. My wife and I are in late 30s/early 40s and we have hammered 401k/IRA investments for the past 11 years. We started up a brokerage account last year because we realized we want to be able to do some other things before retirement like buy a vacation property.

[dontbanmebrodontbanme]

While I don't have as much as he does (and I'm older), I'm in the same boat in that the overwhelming majority of my money is in my 401(k). My job gave too good of a 401(k) match, so I couldn't pass it up. But for those looking to retire early, make sure you have money that you can actually touch before 59 1/2. I've still got another 10 years before I can touch my money. I don't think it matters for me anymore, but with my current job, I've switched to putting all of my money in a Roth 401K.

[Omikoshi]

Anyone savvy enough to have 7 figures in 401k by mid 30s is probably too savvy for AUM fee structure. There’s gotta be a balance to draw people in.

I have a few million and plan to retire at 45. Would love to work with you guys but AUM basically turned me away.

[dfiniin]

Even go into a brokerage account besides the 401k and Roth IRA.

[livingunashamed]

Yeah I'm heavy on Roth IRA because RMDs are such a drag later in life.

[hlhl]

How is this possible he has 900 in a traditional 401k account by 34? To do that he would of literally had to max out his 401k since the age of 19. Am I missing something?

[feji]

Hello, I missed today's live. Will it be uploaded? Thank you!

[rapfreak]

Those are very impressive numbers! I’m worried about high RMDs later in life but my age is higher and my number is lower LOL. I plan on working later than 48 though, especially with college tuitions to pay.

[awesome]

I see the bots have invaded this channel's comment section. It was good while it lasted.

[AntonJMiller]

how does one contact you and how much does a consultation of the services you can provide cost?

[shantvincent]

The live stream video got yoinked... =(

[dogegamer]

The short answer is no. The long answer is also no. Back to work lazy!

[X.MillennialResponder.X]

Quick nit pick, Technically it is 20, 500 this year not 19, 500

[dagobaker]

easily
41 u have 2 mill 48 u have 4 million
thats saying u dont add any money to the pile

[tylerrobinson]

I don’t understand why you guys don’t encourage looking into a high cash value infinite banking whole life insurance policy as part of the order of operations. I think it would make a good step 6 or 7 honestly. You could expand the operations to 10 steps. I’m growing almost 100K per year tax free in there now with death benefits and I have access to most of my contributions at 3% interest rate. This is tax free while it’s growing at 4 to 6 percent compounded uninterrupted growth for life. One of the more secure places I feel I can put my money. It’s literally the closest thing to owning a money printer inside of a Roth IRA that I have found. By year 12 I’m going to have access to more than I ever contributed with outside the policy while I have over 1 million growing tax free at a safe 4 plus percent. Just an idea. 🙂

[irainkoolaidTTV]

lol i retired at 30...of course u can at 48 dummy...