How Much Gold to Retire

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Only 10% of Americans are able to save $1 million or more by the age of 70. If your goal is to use a 4% Rule or similar "infinite money" strategy using portfolio interest to fund your retirement, you need to set a goal early to help you get there, and you need to consider a backup plan in case it doesn't work.

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My gold goal is to subsidize retirement if needed. Minimum, 1/4 ounce a month for 20 years. Hope to get that to 1/2 ounce a month and never need it. Ideally, pass it down to my son, retire on investments and rental income, but life is full of curve balls and we need to prepare.

Martens
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My goal is to reach 50 gold buffalos ( purchase 1 each quarter) in the next ten years. Currently 8/50.

eduardoj.
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It's impossible to plan the future when you don't have stability. Stack as much as possible and 🙏

saltydog
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wish i had that stack of gold you have!!!! I started stacking a few yrs ago . Im 59. Own 8.5 acres. My cabin and my sons cabin which i built from the ground up myself. Yes....all the mechanicals myself as well. Its all paid for. No mortgages. No car / truck payments. So now I'm slowly working on stacking. Its small. Got almost 7 oz of gold and 270 oz of silver. 🤦‍♂️🤷‍♂️

Bunnyymann
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One thing you didn’t mention about gold is that when you go to cash it in, there are no service fees, you don’t have to rely on a third party to sell and then transfer the money to you. There is nothing reported to the IRS regarding the transaction and any profits would have to be self reported. Oh and lastly, you can transfer your retirement to anyone you like without having to record it like you would with stocks or a home. Just nice things to know about the awesomeness of investing in gold. 👍🏴‍☠️

flyingdutchman
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Here's a prepper stacker formula that I read somewhere -- not that I'm advocating it, but here it is: Stack one ounce gold for every $10K of mortgage you owe + stack one ounce silver for every $100 of living expenses for a year. For example, if you owe $100K on your mortgage and get by on $50K cash in a year, you should stack 10 ounces gold and 500 ounces of silver. By itself, it's not enough to retire on, but it's enough to get you through a major emergency or financial crisis. (presumably, in a financial crisis, the price of gold and silver would skyrocket to $10K and $100.)

fazdoll
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Don't use the procrastination rule.... Where you wait till you're about to retire to find out you need to have a retirement plan. 🤣

xephael
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Im retired at 43 grew up dirt poor saved, worked really hard took a dangerous trade and specialized in emergency response and disaster reconstruction was mostly smart with my money. Most of me made it to retirement

bigjay
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The richest man is not he who has the most but, he who needs the least.

scoobydoo
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I'm living my retirement plan. Something you did not mention...distributions from many investments count as taxable income. For the portfolio examples you mentioned, it could mean 20% or more of your retirement income may go to the feds. It is important to keep this in mind when calculating how much you will need in retirement.

plumtree
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To younger people. No credit cards! Pay cash, you'll have to save for what you want, and after doing all the saving instead of the ease of credit, you will find there are lots of things you don't really want that much after all. Without credit cards you will be surprised how much more money you have. Then think, do I really want that toy you will soon grow tired of, or a shinny gold coin or add to your pension. Me? I bought so many motorcycles, some for 25k or more. Ya, they were fun, but looking back should have got one (for cash) and invested the rest. I'd be as well off now as 2 is 1.

ivestring
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Thank you. It’s a great video today. Really makes you think about your own situation. I appreciate it

grizzalo
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Had a pension I survived on when I retired at 56. When I started collecting social security I bought one ounce of gold every month with the SS money. I quit buying when the price got over the monthly amount plus I needed the income by then.

Mindokwin
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Started stacking in 2009. I was 30 years old. I had fun in my 20s and my share of (mis)adventures but I have no regrets. It was all life experience that culminated in realizing for myself that the financial system is rigged to fail, and the established systems are not to be trusted. Since then I have based my life on that and it became a journey of individuation and independence. We've simplified our material lives, greatly increased our inner lives, and the retirement plan is for us to remain flexible and mobile. My stack gives me security knowing my children and hopefully their children are protected.

jordanw
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Retirement goal is checked . Started late to the precious metals. Working on a silver goal, then maybe gold ( snuck a 1/4 oz gold in there ).

MikeSTGL
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Retiring in France.

If I show ownership for 22 years, I will pay no capital gains taxes if I end up selling some of my gold to finance it. PMs are part of the retirement portfolio but they’ll be the last used, in hopes of having something to pass to the kids and grandkids.

JABoyle
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My own approach to this began with some advice my dad many years ago gave me. BTW I am 74 years old. Dad said "Son its not always how much money you have coming in but how much money you have going out" My wife and I made a decent living and enjoyed a good lifestyle. However, we did live below our means. Preferring to put our surplus income toward savings. We did not drive new cars until buying one did not matter. Our homes may not have matched those of our peers but served us well. I have enjoyed your channel for some time now and consider your advice to be sound. 4 million portfolio with 356oz for plan B. Appreciate your efforts 2 for 1. Dan

dannyhalstead
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The 4-6% retire early plan has one massive flaw. It assumes steady never ending growth in both the stock market and your real estate value. It’s pure gambling to assume never ending growth. It reminds me of people who get into owning gold because they think it’s an investment instead of savings

jeffee
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Thank you for what is always sound advice. Even if you’ve heard it before, it is important to hear it many times because most of us don’t catch on until we’ve heard it over and over again!

PatriachalRain
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My wife and I recently discussed the benefits of having gold during retirement. Drawing from a 401k is fine, but when the market is down, having gold keeps one from needing to draw during recession periods. We're working towards having 5% of our retirement in gold for that reason.

Thoreseus_