How One More Year of Work Impact Your Retirement

First, ask yourself if you're continuing to work because you need to, or if you're holding off because you're simply uncertain/confident due to...political concerns, spending concerns, inflation, investments, etc.

One more year of work can certainly be helpful - you can see that in this video.

However, the point of this video is to show you that if you plan well, you can retire earlier than you may expect and good luck quantifying that one extra year with your spouse, focusing on your health, etc.!

Timestamps
00:00 - Introduction
00:45 - Early Retirement Podcast
1:05 - Different Expenses MATTER
3:03 - Other Moving Pieces..
4:27 - Value of an Extra Year
5:55 - Don't Let The Market Dictate Your Life
7:16 - Summary of An Extra Year

Ari Taublieb, CFP®, MBA is the Vice President of Root Financial Partners and host of the Early Retirement Podcast.

Interested in a custom strategy to retire early? →

eBook: The Complete Guide To An Early Retirement (FREE)→

eBook: The Complete Guide To Health Insurance (FREE)→

What video topic would you like to see discussed in a future video?

📣 Please like this video and tell us what you think! This feedback helps me create better content for you.

––––––––––––––––––––––––––––––
📣 Are you taking advantage of tax planning? Make sure you don't pay a dime more in taxes than you need to. Learn all tax tips to make sure you're not leaving money on the table.

👉 Subscribe to our channel and press the bell icon.

⭐ #Ari_Taublieb_Early_Retirement #Ari_Taublieb #retirement_planning #Estate_Planning #tax_planning #Investing #Cash_Flow #Investment_Management #Income_Tax_Saving_Guide #Income_Tax_Saving #Investing_Guide #IRAs
......................................................................................................................................

⏰ SCHEDULE ⏰

🔴 New Videos Every Friday 🔴

👉 Don't forget to tell me your opinion in the comments below.

Thank you for supporting “ Early Retirement with Ari Taublieb” you can follow us on the Social Media Links Below:

✔ Follow ✔ AND ✿ STAY CONNECTED ✿

......................................................................................................................................

📺 Watch my previous videos📺

🎬 Why I Tell Clients To Spend More Money

🎬 My "Why" - Undisciplined Wealth

🎬 Don't Hire An Advisor ONLY Because They're A Fiduciary

--------------------------------------------------------------------------------------------------------------------------------
❣ SPONSORED:
No, this video was not sponsored.
--------------------------------------------------------------------------------------------------------------------------------

⚠️ "DISCLAIMER:⚠️

All content is not to be received as financial advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions.
This video contains content that I solely created and got permission from its creators to use. This Channel DOES NOT Promote or encourage Any illegal activities, all contents provided by This Channel is meant for EDUCATIONAL AND ENTERTAINMENT PURPOSE only.

⭐ Thank you for supporting the channel and for watching this video ⭐

[Beadgcfb]

Actually another 4-5 years for me (age 60). Excited and using the time and current income to get prepared. Your posts helped me make a checklist!

[everettcalhoun]

When I found out that I could work ten more years and not increase my SS check more than delaying my application a month it changed the whole way I looked at SS. Retired at 55. I was going to apply for SS at 62 and grow my IRA. At 62 I had an epiphany and changed my strategy. I put 4 years of cash in the two bucket strategy and withdrew from that to get to 66, my FRA. The market did so well I had more money in my stock market bucket than when I retired. So I put 4 more years in the cash bucket again to get to 70. Now my SS check is almost $48, 000 and smaller RMD's. The tax difference is amazing. My wife is 8 years younger and applied at 62. We have an income of about $90, 000 and no income tax. This is not for everyone but worked for us.

[stephaniet]

I'll hit my internal line in the sand of 12/29/23 in a few days. For 2024, I decided to approach it month by month....how am I feeling? Am I enjoying working still or am I ready to hit 'go'? Thanks for the awesome 🎉 videos Ari, truly look forward to them 🙏🏻

[nh]

I thought about it and decided to do one less year 😂

[johnawara]

Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.

[tcwaz]

I'm currently doing "one more year" this year.

I just don't want to do one more year next year, and the year after, and on and :)

[johngill]

Each one more is going to be huge for me
1. Contributions
2. Social Security bridge money
3. Shorter time horizon for portfolio
5. Health insurance premiums not heavily subsidized

But more money will allow a more comfortable retirement

[Susanne-zuku]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[dc]

One more year. Easy decision when you wear a tie and go-to an office building, and push paper for a living.

[josephjuno]

I am Retiring in July🎉 will begin my Pension in August and then return to work in November Part-time and get Full HealthCare with my Pension! I am 61 so no concern about SS? I Mite retire in Spring and Return in Fall or ma ybe work PRN? TO PICK UP extra? I earn about $200 p day at Hospital.