Top 5 Surprises In The First Year of Retirement

Подписаться 142 тыс.

Просмотров 20 тыс.

50% 1

🔥 Sign up for Azul's Newsletter:
www.azulwells....
🔥 Follow Azul on Twitter:
/ azul_wells
💲 NEED FINANCIAL ADVICE? 💲
1) Google "fee-only financial adviser" or visit www.NAPFA.org (largest association of fee-only financial advisers). NOT an affiliate link
2) The first question to ask any financial adviser is, "Are you a fiduciary to me 100% of the time". Get the answer in writing
3) Please note that some people call themselves "fee-based". This is NOT the same as fee-only. Fee-only advisers have committed to being fiduciary to you 100% of the time.
4) Personally, I would only hire an adviser who is a fiduciary to me 100% of the time. This is not a suggestion on what you should do. Just sharing my personal preference.
⚠️ Azul's "Scammer" Warning ➡ PLEASE READ! ⚠️
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.
🚨 Azul's VIDEOS ARE NOT FINANCIAL ADVICE (Disclaimer) 🚨
This information is only provided as an informational resource and should not be viewed as investment advice or recommendations. To get professional financial advice from a fee-only financial advisor near you, please visit www.napfa.org.
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.
This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.
Spoiler Alert: There are no "get rich" programs. Rather, just basic blocking & tackling and putting in time and care. Do your homework, choose wisely and (IMHO) work with experienced professionals who are fiduciary to you 100% of the time.
Retirement Expert Shares: The Top 5 Surprises In The First Year Of Retirement

Опубликовано:

27 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 102

@Ragtosina 10 часов назад

i just sold a house and i want to invest around $200K now, is it a good time to buy stocks? I just want my money to keep outgrowing the inflation rate!

@user-3456rtu 10 часов назад

i'd rather buy ETF's than invest in individual stocks. if you don't have experience or don't have time to monitor your portfolio, you should consult with a portfolio expert to guide you.

@Upscreen6542 10 часов назад

Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

@322dawgg 10 часов назад

Pls how can i meet this advis0r? i want someone to help me invest an Inheritance, i dont want to lose it to inflation

@Upscreen6542 10 часов назад

Melissa Elise Robinson is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@Scylla-456t 10 часов назад

Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.

@Aldo-d6z День назад

Retirement is 6 Saturdays and a Sunday 👍

@RetiringToAsia День назад

Nice

@davidgold6407 День назад

1. "You don't realize the stress you are under while working". 2. "Retirement spending is less than they thought". 3. "Health becomes more important than your finances". 4. The four phases of retirement: vacation, feeling of loss, trying different things to find your next purpose, your new life. 5. "Portfolio risk will feel different to you when you retire."

@johnd4348 День назад

Retired for a month now, and bllod pressure has dropped 30 points. fron 150/80 to 120 /60. Dont come home with headaches or aching neck muscles.

@RetiringToAsia День назад

I had the same experience. Congratulations.

@401Blues День назад

My last day of work I closed the door and never looked back....that night I slept 8 hours straight and did not stress out tossing and turning all night.

@rallegra 19 часов назад

Those are the worst. I’m thankful that I really like my work in academia. Still at it at 67. College students keep me young.

@floydchusset3143 День назад

I’m 60 and my wife 54 we are both retired with over $1 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly.

@ashwinaditi1039 День назад

Great job ! I bet you’re living your best life right now.

@ryanthompson8256 День назад

I’m a young dad, I’m really glad to hear your story it inspires me. Please how did you achieve this milestone.

@floydchusset3143 День назад

Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health.

@floydchusset3143 День назад

I recommend you reac h out to my CFA Laura grace Abels . Hr method stands out from any other advi sor i have come across so far.

@floydchusset3143 День назад

‘Laura Grace Abels ’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@sciphyskyguy4337 День назад

You probably know this, but the frog story, while a useful illustration, is not reality. The frog _will_ jump out when conditions become unhealthy.

@DennisBoucher День назад

Retired eight weeks ago at 59.5. My greatest realization has been just how much and how hard I was working. I knew the stress was undermining my health, but I vastly under-realized how much screen time I was putting in "off-hours" and how many sleepless/restless nights i endured. I learned that I was never truly disconnecting, even on vacations. I now have time to explore what it is I want to do in the forth and final quarter of my life (1st - childhood, 2nd - academics, 3rd career, 4th and final - Retirement, Overtime?? lets hope). So far no feelings of loss, but certainly in search of purpose.. Thanks Azul for helping me to see that "early retirement", while scary might actually result in a longer life.

@joem.7621 День назад

so jealous...

@floydchusset3143 День назад

Saving for retirement is basic the issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.

@JasonDinero День назад

who is your F.A

@floydchusset3143 День назад

Laura Grace Abels is the advisor I use. Just research the name. You'd find necessary details to set up an appointment.

@RetiringToAsia День назад

Getting out of the house is key.

@Arlenewalter День назад

I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.

@johnoli2976 День назад

Nice way to retire. For me, I believe 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 wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.

@duanec.duanec.sutherland5292 День назад

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@Lorimoore-g2s День назад

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@duanec.duanec.sutherland5292 День назад

I definitely share your sentiment about these firms. Finding financial advisors like Kathie Daisy Bosco who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@billygnosis6976 День назад

exactly

@tapeglue8315 День назад

To be honest, I find Azul's content refreshing and spot on. He's smart and educated and seems nice enough. Sadly most "advisors" are salesmen and are tragically dumb. Ex-jocks, have a cleft jaw, firm hand shake but if asked about any details on the Monte Carlo simulation, can not speak to any details. Be ware of these folks. The industry really sucks and have these morons with no math creds but literally just spew the sales pitches from their companies.

@billygnosis6976 День назад

My favorite is that you no longer have any "have to's" and that can be good and bad for most people. But it's honestly pretty awesome if you've put yourself in a good place.

@tribal2501 День назад

I’ve never heard a restaurant play Tame Impala in the background.

@Drackleyrva День назад

No more Sunday scaries!

@xlerb2286 День назад

I'm a little over 3 months into retirement, and so far I haven't noticed I was under any stress. But I did have a very low stress job (I just wasn't challenged anymore) so that's somewhat atypical. I do certainly enjoy Sunday evenings a lot more though. Not that I dreaded going to work, but it was a day I couldn't do what I wanted to do and so wasn't anything to look forward to. Spending so far has been about what it was and what we thought. But we have lived a frugal lifestyle for years so there really aren't many areas to spend less on. No signs of regret or loss. There's some coworkers I miss chatting with but the last company I was at wasn't a very chatty sort of company so I didn't really know many people there. And I certainly don't miss the work. And yes, I am a little more concerned about risk in the portfolio. I used to be over invested in equities and that never worried me a bit. But I'm mighty happy now that I'm retired to pull some money off that table and get a few years worth of money into more stable investments.

@kahrhoshe День назад

I’m looking 👀 into early retirement. I think I can but it’s daunting thinkng about healthcare and some other things 😊

@RetiringToAsia День назад

Great content as always. I say all the time, boredom is dangerous. Screen time isn't healthy. Get out and enjoy life and stay healthy.

@johngarceau541 День назад

Where are the marshmallows?

@168mooncakes День назад

Steak 🥩 or ground beef.... popcorn 🍿 😂

@robertsieb9466 День назад

I sleep much better at night since I retired.

@Elizabethwells-q7f 22 часа назад

My company paid a consultant to provide retirement classes when I was 24 and just started saving for retirement. The class was called "The Kids Table" and basically their advice was go with a target retirement fund that aligned with your 65th birthday. That was 20 years ago. It is the only thing I've ever invested in. How else can I better my finance?

@Richie-3wr 22 часа назад

target date funds have made me a multimillionaire. i also watched them drop 40% in a very short time and take a long time to recover.

@BridgetMiller- 21 час назад

Agreed, when it comes time to retirement planning, following the steps of a well experienced advisor did the trick for me in barely 5 years, turned my $500k capital to 5 figure monthly dividends. If you want to keep it very safe, then Vanguard TDF may be for you.

@Thompson-e7h 21 час назад

this is superb! Is there a problem sharing details of your financial advisor ? I have my money in a Roth, and I am trying to diversify my investment for better growth

@BridgetMiller- 21 час назад

Jessica Lee Horst is the licensed advisor I use. Just google the name and you'd find basic info. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

@berniceburgos- 21 час назад

thanks for putting this out, curiously inputted Jessica Lee Horst on the web, spotted her consulting page and was able to schedule a call session, she actually shows a great deal of expertise

@debbieschwartz2494 23 часа назад

Actually between increases with food, house taxes, home owners, and health insurance at 64, I need to supplement income to keep up. I do not spend less, these costs are out of my control.

@TheHavocdog День назад

I was completely emotional on my last day. I hated to retire. It has taken me almost 3 years to relax. I occasionally look at openings for part-time work, but each time, I now ask myself why I want to reduce my freedom and increase my stress.

@brawlstarboysmeandtheme2319 День назад

I’m 63, with two teenagers still at home (second marriage). Although I plan to retire when the youngest finishes high school, I wonder if I’ll feel stress free or if they won’t thrive on their own.

@joem.7621 День назад

What in the world. There's a fire in front of you and the camera is being roasted.

@tedlaurvik3765 День назад

Do not go on vacation to ICELAND, you will spend too much money on eating out.

@JTBY007-iy1zu 15 часов назад

If only I could find lutefisk here in the states. 😁

@jeffstanger88 День назад

Azul is on fire

@denisdrubetskiy2265 День назад

You could not sit down like this in New York City

@Paul-GrnHil 14 часов назад

I am spending more than I expected but my portfolio returns are greater than I dreamed. 2.5 years into retirement, I have more than when I retired and have traveled/cruised extensively. I will enjoy my go-go years as long as my health and portfolio will allow.

@כמובבית-ל1ג 20 часов назад

Before it is too late, I recommend you to invest in your health and in your family and friends - and in your relationship with your Creator and Savior Jesus!

@yippie6862 День назад

Azul is awesome.

@carlfenger День назад

After 40 years of working, I'm retiring on Monday with a fully paid up company pension, largely paid up social security, a million dollar house that is 75% paid off, and about 560K in the bank. How is that possible? I moved to Switzerland in 1984 for a job, and never returned to the US.

@mplate1792 16 часов назад

I live in the US. My situation is similar to yours. Except my mortgage is paid off.

@DMUSA536 День назад

I agree with the 4 phases of retirement.

@gtg4712 21 час назад

Azul, you’re on fire! 😂

@CindyBain-w6f День назад

Great points! I’m so glad a friend told me about you so I could change my perspective about when to retire!!! I wish I had heard you 6 years ago!!

@RetiringToAsia День назад

Don't wait until it's too late.

@lilys4960 День назад

😀

@Lion_McLionhead День назад

Flame is about right. Lions expect to burn most of their cash on a down payment, moving, initial home ower expenses that year.

@JTBY007-iy1zu 14 часов назад

Over my career, there were stretches when I loved my job. There were other stretches when I did not love it. At the end, my last employer decided it did not love me either, and eliminated my position. My retirement decision was made for me by some transient, bean-counting, senior executive. That definitively negated any feelings of "loss" I might have felt after my departure. But it was a blessing. The past 5 years have seen many unexpected family crises develop, which I've been able to address because I was no longer chained to The Man. Receiving a regular paycheck the whole time would have made no difference to the primary objectives, because what was needed was my time and attention, not my bank account. I'm not dismissing the importance of money as a tool. A mechanic can always use another tool. In "Fiddler on The Roof", Perchik says "Money's the world's curse." To which Tevye replies, "May The Lord smite me with it. And may I never recover!" But in my ranking of life's priorities, wealth takes a back seat to faith, family, friends, and fellow man. Oh yeah, also health and fun and dogs. And chocolate. Mmm, chocolate!

@rallegra 19 часов назад

I’m going to have to make some significant changes at retirement. I live in California with high taxes and an HOA that keeps increasing its fees. Gotta find a cheaper place so I can enjoy myself.

@carolperdue7534 День назад

Thank you for saying this I plan to retire next spring at 65. I talked with my advisor from my 401k plan. I asked her whether I should change my asset allocation since I’m retiring in less than a year. She told me that she was not a fiduciary and could give me advice. I was surprised because I didn’t really understand that these “financial advisors “ are really just salespeople. I agree with your idea of rolling things back a bit in early retirement, even though the market is going gangbusters now.

@MidlifeCrisisManagement День назад

testified in a probate hearing this morning, Azul. he died of a heart attack at age 51 in February. totally unexpected. everyone needs a will and to retire as early as possible. can't ever get time back.

@randydrinkard8231 День назад

The man I work for manages my retirement accounts for me. He jokes with me that we will close our company when I have a certain amount. I'll hit that soon based on his performance so far.

@noblegirl1991 13 часов назад

Please do a video showing how much is needed to retire overseas, caribbean, Mexico or Asia

@franzvaclavik4639 10 часов назад

One of your best videos, Thanks !

@richarddupree426 День назад

This is fire!!

@loriloucks-loricanhelp2771 14 часов назад

😂

@genglandoh 14 часов назад

Another good video thanks

@markgold5408 23 часа назад

Slabtown. I love it there.

@michaelmedina5825 День назад

Thanks Azul, great advice. I retire on Monday and I have a one way ticket to Bangkok Tuesday. I have spent the last year getting ready for this and I can't wait. Again thank you for the advice!

@AzulWells День назад

The adventure begins! Congrats on your retirement and for hitting the ground running. Enjoy! 😎 Azul

@bfdee1603 День назад

Nothing of what u said surprised me. U already discussed this in your other videos. U basically just recycled your thoughts, made a new spin, created a different thumbnail. Nah...been there, done that😂

@richardhudson1243 День назад

People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?

@michaelstrawberry День назад

consider investment planning, learning from a well experienced advisor is invaluable

@maiadazz День назад

That's right. I am a wife, mother of four and new grandmother, 28 years in Corporate America, retired recently at 57 after discovering the freedom investing could provide, been contributing to my portfolio since the pandemic in early 2020, and have grown a $250,000 savings account to almost 1 million, credits to my investment advisor.

@avamadison-r9p День назад

Impressive can you share more info?

@maiadazz День назад

Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@saraFinn-u6g День назад

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

@michaelgrabowski5140 День назад

I saw this older balded guy in a hoodie sitting outside Who was going to give me advise. Then I recognized you. Okay you still give good advise no matter what you are wearing. Although people maybe more receptive to other types of dress rather than a hoodie

@barbgeorge8927 День назад

Lol I want to know where you are hanging out! Pierce College is near me! I stuck to my goal of retiring in May... I had not known it would be as large of a challenge, due to the loss of my spouse last fall. I needed a break as I'd spent several years caring for him as well as working full time ( and part time- my agency was wonderful and allowed gracious FMLA). The tremendous amount of paperwork left by death is very consuming. So I am glad I've had the time, but it has not been relaxing. I look forward to finding some of that. By the way! Hoodie rocks!

@davegenet День назад

Looks like an awesome place to have a coffee, Azul.

@RashelYeva День назад

!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.

@BakoreSyllaa День назад

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

@OdessaYeva День назад

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.

@BakoreSyllaa День назад

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic..

@OdessaYeva День назад

Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience..

@RashelYeva День назад

nice! once you hit a big milestone, the next comes easier... How can i reach her, if you don't mind me asking?