Gilbert is a very popular guest among you podcasters. I guess because he gives the perfect answers to all the standard questions. Everything is great, I made all the right decisions, I just love retirement. Never a concern, never a worry. After a while it gets kinda hard to believe. A little more reality might be a good thing. What does he struggle with? In hindsight, what has he done wrong?
I have analyzing your channel and see your video thumbnails are not very eye-catching but if you use correct channel tags and video tags, search related title.
I am really working on my exit plan including putting a bid in for a home in my dream location in preparation for 2 to 3 years left of work. Fingers crossed that I get this stuff done and completed because it will help me focus on my future
Very good product; have been a paying user for quite a while. But honestly, these sorts of name changes are just lame. All such statements that companies put out like "Our new name reflects our core principles, blah blah blah...." are, frankly, idiotic. "Boldin" by itself means absolutely nothing, so it "reflects" nothing. What's the real reason? Some marketing wizard suggested a name change to get attention? To appeal to some personal taste? What?
A great new name for the company: " Boldness has genius, power, and magic in it." Goethe. Fun fact, Steve: I attended the Bristol Hills Music Camp near where you grew up.
Wow!! I'm saving and investing 65% of my monthly income. I am in a total different mindset after educating myself over the past decade or so. This is possible because I don't have any debt including a paid off mortgage.
This is good, but what would make this a bit better would be to also allow for that bonus to repeat each year. Even better would be to allow it to model at a % fulfilled. For example, if I am sure I'll get a bonus each year but the amount of that bonus might fluxuate between $1800 and $2200.
Besides the curves/graphs, can NR show you in a tabulated form how much to withdraw out of each account (taxable, tax-deferred and tax-free) each year in order to meet your cash flow needs in a tax-efficient manner ?
looks like this is the only free lesson. In Planner under Classroom, I see this video and two others. There are two other Live events shown for November 16th and 17th. Oh well. Maybe I'll try the trial version of Planner and have access to the other videos before deciding on a paid membership. Happy planning!!!
We are doing a similar plan as we enter retirement. We have one rental house we just turned into an AirBNB and looking for another rental to pay in full that will be a short or long term rental. Feel more comfortable doing this versus putting a bunch of money in the stock market. Nice to be able to touch and feel investments!
Great interview! Just picked up the book. Sam has always been one of my favorite fire provocateurs. Pushing buttons by challenging conventions and making everyone a bit smarter in the process.
34:00 "the idea that the fed buying treasury bonds is going to spark some degree of hyperinflation now is hard to image"...the thing to learn from a surprise is that life is surprising
I use credit cards to make my purchases for the benefit of cash back, and immediately send a payment. This way I can earn cash back that then goes to my brokerage account.
Not indexing the Provisional Income threshold from 1984 is yet another example of a regressive tax on seniors. Between this and the Widow's Tax Trap, Congress should be ashamed of themselves.
This is exciting! You are being recommended by several retirement planners who I respect. Do you have a regular podcast? That would be lovely. Also Personal Capital linking sounds great.
As I understand, if you are retired early, converting Traditional to Roth IRA prior to age 59 1/2, you need to pay the tax on the conversion with money saved outside the IRA to avoid 10% early penalty. Is that correct?
Glad I found this Steve. I enjoy hearing from Dana. I've also purchased your new retirement tool, and am using it to model my planned retirement later this year.
I have read the Simple Path To Wealth 3 times and will probably read it many times more. I have also suggested to many young people that they should read The Simple Path to Wealth. I WHOLE HEARTEDLY support and endorse what Collis espouses. Living below your income, staying out of debt and investing at least 50% of your income as early as possible is the perfect formula for attaining F you living and financial independence.
You're right, Scott. It's in its first iteration at this time. This feature will be rolled out to other parts of the plan, including medical expenses, contributions, and even future rate changes.
Brilliant. Discovered this by accident earlier today! Great feature. I do note however that selecting 'Retirement' as a date option is not available in the Contribution Stop Age under Accounts & Assets - would be handy to be able to stop Contributions to certain investment assets once you retire.
I found my way to your channel after a search of Jack Brennan. Thanks for making the video. Out of curiosity I looked at your website to find out what you do. Two questions came to mind. #1) How are your firms goals and interest aligned with the client? #2) What is the cost range for various services that might be provided?
Hello @noyopacific, thanks for reaching out! We base every decision around our users and keep costs down. We attempt to provide a safe sandbox with our planning software in a simple yet responsible manner. Our software is only $96 per year. For those who need a personal touch or advice, we also have add-on services which are flat-fee, starting at $150 per session. If you would like to try us out, we do have a 2-week free trial period so you can audition us out and see if we are a good fit for your planning needs.
I really enjoyed this interview. It was the first time I heard JL Collins, and he gave the most helpful, and accessible advice that I have heard regarding investing and becoming FI. I look forward to reading his book and hearing more from him. Thank you!
