Retirement: Don't Over-Complicate It

Retirement: Don't Over-Complicate It

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💲 NEED FINANCIAL ADVICE? 💲
1) Google "fee-only financial adviser" or visit www.NAPFA.org (the largest association of fee-only financial advisers). NOT an affiliate link
2) The first question to ask any financial adviser is, "Are you a fiduciary to me 100% of the time". Get the answer in writing
3) Please note that some people call themselves "fee-based". This is NOT the same as fee-only. Fee-only advisers have committed to being fiduciary to you 100% of the time.
4) Personally, I would only hire an adviser who is a fiduciary to me 100% of the time. This is not a suggestion on what you should do. Just sharing my personal preference.

⚠️ Azul's "Scammer" Warning ➡ PLEASE READ! ⚠️
Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them.

🚨 Azul's VIDEOS ARE NOT FINANCIAL ADVICE (Disclaimer) 🚨

The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family.

This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors.

This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.

Spoiler Alert: There are no "get rich" programs. Rather, just basic blocking & tackling and putting in time and care. Do your homework, choose wisely and (IMHO) work with experienced professionals who are fiduciary to you 100% of the time.

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[trungdubais]

Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

[mark]

For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.

[kortyEdna]

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

[scottastell]

Great advice to keep it simple. I'd add don't get too greedy!

[LiveToFly-Br]

I once had a financial advisor who used to give me suggestions for very complex products such as stock options etc. IMHO it is a 100% no-no for those of us a few years from retiring.

[stevegeek]

Regards from UK. Good advice. I’m about to retire at 55, and currently organising my finances. I’ve so far allocated 50% to low cost global index equities (mix of income and growth), 10% short term gov bonds, 5% gold (etf) and remainder as cash…waiting to invest more in stocks & bonds if / when things go south over the next 12 months, but keeping 3 years of cash / bonds to ride out any storms. Stay well.

[patienceisalpha]

Azul spending all his money on a European vacation. first Amsterdam and now looks like Spain? my man

[nunuvyurbiz]

I have 11 years of go-go budget expenses (11x120k) across all fixed income, plus another 35 years in stock. I can save an additional 350k/yr, but I'm nearly 55 and I want to live a life worth remembering before I die. I don't know why I'm still working. It's all I do. Leaving the fat income is scary as hell I guess. Nov. 2024 is it.

[JohnJohn-wtll]

My lord is this spot on. The trouble is sometimes finding a fee only advisor. I have been turned down three times in a row now when I shared I was looking for a fee only verses a percentage only advisor. They are mostly scam artists. I would appreciate any good recommendations for a fee only advisor. I have a plan and just want a partner. Not one that never loses.

[rickdunn]

Azul: interesting you mention those structured products. I certainly dont fully understand them...but I take the "buyer beware" approach. If it's difficult enough for a professional advisor to out perform (most do not), then how can limiting the upside be better? I bet those products are laced with fees. Who is getting that upside, if not the investor ? Answer is the product provider...has to be. Famous quote; "Everything should be as simple as possible but no simpler": Albert Einstein. Question: what should we watch out for with Fee Only Financial Advisors? I dont think they all are Saints.

[letschatfamilyfinances]

I agree about thinking of your safer investments in terms of years rather than %. My personal comfort zone lies with 5 years of cash/cd/bonds at my disposal.

[ashleyclarke]

Thanks for your videos !! Looks like Yerevan ?

[Dato-ojgo]

Hope you enjoyed your visit to Yerevan!

[joeythedime]

Hi Azul - can you cover the benefits safe investing with Broker CD's and a fixed income ladder strategy?

[ExploreThe]

I love your perspective on how much should be allocated to fixed income (bonds).

[michaelblock]

Exactly what is a “fee only advisor”? Do they get paid X no percentage of the asset?

[wildfoodietours]

Keep it simplest by regularly investing in low-cost index funds by always be buying until retirement. Wake up to millionaire status as the decades roll by.

[ibrahimseth]

Future Income:
Payout(20 Year)=5, 000, 000
Insurans:
Premium=? Yield=18% Year=20
Premium=5, 000, 000/1.18^20
Premium=183, 000.

Fixed Loan:
Loan(20 Year)
=200%=183, 000+100%
=200%=366, 000.

Yearly=366, 000/20 Year
Yearly=18, 300

Monthly=366, 000/240 Month
Monthly=1525.

Thank you.

[Steve-wr]

If you have 5 years in bonds and you follow the 4% rule, then you'd need 20% in bonds. Having less saved, as in your example, you'd be withdrawing more than your safe withdrawal rate. To me, the 5 years in bonds makes more sense if you have lots of money rather than less.

[gerry]

I like this vid. Good insight and I think your right. Can you stick to your asset allocation when things get rough.