How to retire early | Rule of 200

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Videos are not financial advice.

[Hannahbenowitz]

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 parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.

[NicholasBall]

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

[kkybaggy]

From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.

[Alexanda-Mc]

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. It is always good to have a financial plan. I worked with a licensed planner and retirement strategist.

[ErnestKingston]

I know nothing about trading/investment and I’m keen on getting started. What are some strategies to get started with?

[nala]

Wife retired at 56 and I joined her four years later at 60; could have done so earlier but after working my whole life since a young boy it wasn't easy to just stop. She started SS at 62 while I waited until 63 before convincing myself there was no sense in waiting. We lived below our means our whole lives and built up a pretty good investment portfolio. Been 12 and 8 years in retirement respectively for us and couldn't be happier. I see former coworkers who don't need to that are still working and I feel a degree of sadness for them, that they can't move on. By the time they do it may be too late for them to enjoy retirement, which was the reason why the wife and I pulled the plug when we did. Best of luck to all in making the decision that is right for you and yours.

[thorsflipflop]

Oh cool now I’m gonna have to work after I’m dead. I hope I get a cool job in the after life.

[joefunk]

Rule of 200 simply means a 6% rate; rule of 300 means a 4% withdrawal rate. Here is the conversion formula: 200 = 12 / .06 and 300 = 12 / .04. You are better off learning how to do 6th grade level math than memorizing all of these different rules. Withdrawal rate relative to expected rate of return, desired income relative to portfolio value, and how these four items all relate to each other should be your main concern and something you understand well. By the way, the 200 rule is a bit aggressive; go with the 300 rule.

[anniealexander]

Dayum, I'm still working and save/invest most of my income. I've been trying to figure out how much I need to retire. I'm thinking $2k a month would be enough for me to save for extra expenses like taxes, insurance, home maintenance, and another used car. But I'm also saving an emergency fund for those things so it would be a long time before I had to pull from investments.

[teomcmeo]

You live in a world without 15% inflation.

[alexramos]

Damn.!!
I’m getting 6$ a month with my retirement.

[Klatski]

"the enjoyment phase of life" is so fucking dystopian dude... your whole life is supposed to be enjoyable, from start to end

[revaddict]

I just realized that if I move back to my parents home back in India, I can comfortably live in $500 bucks.. Multiply by 200 = $100k.. I feel stupid about grinding hard now.. 😂

[turningpoint]

At the 200 stage almost, think I'll go for 300 just to be on the safe side.

[louisairvin]

working all my life has never been something i admire, my friend told me about how his Uncle who now owns a lot was able to accrue a huge sum at an early age, i want to spread across $400k into profit yielding dividend equities but unsure of which to get into.

[Danny-xmpe]

Does this rule take inflation into account?

[jeroldstokes]

THANKS. Just what I needed to watch. My wife and I are administrators of our farming business and our own properties, as well as small pensions. I am almost 56, my wife is 52. We have started saving for retirement from the farm and maybe live off rental income, I would really appreciate it if you would do a video on how to earn passive income online and retire comfortably let's say 3 million bucks.

[LIFE]

When did the 4% rule become the 6% rule, again? 🤔🤔

[skoopqueen]

For years I struggled with outstanding debts, bills and my children's school fees. I was at a point where I wanted to give up when I came across YouTube about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment (with the help of an investment advisor). Right now I'm sitting on a 440k worth of properties and have paid my debts in full

[checkthenutz]

*Without accounting for double(or triple) digit inflation.