What Retirement Income Puts You In The Top 1%

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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.

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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.

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069A{TN}NE} What Retirement Income Puts You In The Top 1%

[Kaustavpatell]

Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.

[FusunTumsavas-cqtp]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

[tatianastarcic]

I am impressed with your update with these strategies, I am looking for tax efficient way to rebalance my $800k portfolio without triggering capital gain tax. what asset location strategies should i use?

[MaryBarbaraZ]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.

[DonaldMark-nese]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[CasaBeltrauc]

Planning ahead can really minimize taxes! I’ve been in the crypto/stock markets for half a year now, and it’s been a game changer. I was able to reinvest my RMD strategically, and I’m now pulling in about $25k a week, despite doing very little trading myself. It’s a nice cushion against financial stress. Best of luck with your RMD decisions!

[gpdoyon]

I’m not in the top 10%. However, being debt free (no mortgage, either) I feel rich after paying my monthly utility and food bills. I’ve got plenty of money to do (reasonably) whatever I want. The secret sauce to retirement is being debt free.

[strandkreuzer]

More and more people complain about and critique YouTube content as if they were actually paying for it. That must become tiresome. I’ve watched your videos for several years now. Your content has been overwhelmingly insightful and has provided to many an opportunity for peace of mind and the confidence to transition into retirement. You’ve certainly earned the right to a fulfilling retirement for yourself and your spouse. Thank you, and job well done.

[Ash-qdqw]

Azul, I've watched your videos since last summer. At that time my wife and I were on the fence about us retiring this summer. Your insights provided the tools for us to look at it both subjectively and objectively, depending on the topic. She retired a couple months ago at 64. Last month I turned 65 and retired at the end of July. Besides a few vacations along the way, today is the first Sunday I can remember that I don't have any worries about work tomorrow. It's amazing. I'm still on the learning curve on how to do this...but I'm looking forward to figuring it out along with my wife! Thank you for your insights and your channel...I'll keep watching, that's for sure.

[NathanTill]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[chipott]

Two comments. Probably the biggest reason that less people are retired in the 60-65 range today than years ago, is the elimination of private pensions, replaced with 401Ks.
Big difference between top 5% and top 1%. Like to see the in between people. Top 4, 3, 2 %.

[Agatha.wayne]

Many folks struggling to cover basic expenses often face this challenge because they didn't save enough during their working years. The choices made in preparing for retirement have significant impacts, as seen in my own family. Different investment strategies led to different outcomes. With guidance from a financial advisor, I'm now enjoying my retirement.

[bourbontraveler]

I’m not concerned about being in a certain %
I’m lucky enough to have all I need for whatever I want.

[dreyerpictures]

Sorry, very difficult to follow the numbers. This kind of content needs some kind of visual/graph to illustrate the numbers.

[xlerb]

Well, I think we're safe from making it into the top 10%. But I'm not complaining. When we take it social security will be around 1/3 of our retirement income, and that's with a pretty good social security payment.

[SahlMeyers]

Interesting video but you should talk about portfolio management companies? This is a recognized phenomena and these are companies that help invest and manage generational wealth for the top 1%. Some also organize get togethers, and social events for the family. These types of trusts and corps would make an interesting video.

[gregsdates]

Median is not average, Mean is average. You keep alternating between them when they are not the same thing.

[johntheaccountant]

You can live like a king on the social security benefit of $1, 907 per month in Thailand.

[DLTJR]

We have a pension with social security and investments. With no debt we live very comfortably. We are certainly not in the top 10% but are well above the mean for our age.

[pensacola]

Retired, and our 2023 AGI was $270 K.
Spent about $150 K, plus taxes.