Free Introductory Call ✓ https://www.foundryfinancial.org/retirement-assessment In this video, Kevin Lum explores three different …
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Free Introductory Call ✓ https://www.foundryfinancial.org/retirement-assessment In this video, Kevin Lum explores three different …
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Hi. Thankls for useful informartion. My date of birth is Novemvber 21, 1955 ad i did not file for ss benefits waiting on full retirement benefits. November 21st 2025 I will be 70. Will you please tell me when shouold I apply to take full retirement benefits.
I have been told a million times the vast majority of Americans only have enough money saved to live for 6 months. Yet all the financial guru's scenarios are always based off of 2 to 3 million dollar worth, so I just shut the videos off
Great info, clear, good outline. Many thanks
When you said “sequence of returns risk “, the text you or someone put up said “secrets of returns risk “. Fix that.
hi Kevin, we are planning to retire in 3 year from now at 65, i am investing 401k in T rowe Price, the T rowe price is talking about Managed Payout Program of the T rowe price retirement trust. , what do you think about this? what is pros and cons Thank
You need 5 million to retire early comfortably. 3% withdrawal would provide 150K per annum before taxes. It’s still not a luxury lifestyle. I spend 7,000 to 15,000 per month.
My asset allocation is
40% commercial / real estate
50% global ETF
10% money markets.
Good ideas
Well done. I'm lucky enough to have a private pension which will cover 1/3 of our monthly. Bucketing makes most sense to me; @thomasmoshier3920 has it right.
A fee only annuity? What?
If you are going to get an annuity
1. A MYGA for a CD like investment
2 A single premium immediate annuity for a penion like insurance
3 A deffered immediate annuity for longevity insurance
I watch these types of videos and get a little frustrated. I can't imagine spending a whopping $10,000 a month and I am still working! I'm 62 and trying to figure out if I can retire on $500,000 and when to start SSI. I don't need to leave any money behind for children. I currently live a good life and sock away money netting just $3300mo on my job. Where's that video?
Excellent information
For me, 2-3 years of cash or short term treasuries (10%), and the rest in a basket of broad market index funds (90%). 4-6% withdrawal rate with guard rails.
Add to that income from a few rental properties. Then SS according taken according to what the market does and what makes sense from a tax perspective.
Paid off, down-sized house. Low ratio of fixed expenses relative to total expenses. Should be able to handle just about anything. Big garden and lots of ammo just in case we can’t! 👍🏻
I quite like the buckets approach. I've been very disappointed, however, in the scholarship I've seen discussing buckets. Many financially savvy people are opposed to buckets, and to illustrate they erect a rebalancing based approach to refilling the buckets, and then proceed to tear it down. Christine at Morningstar has some good articles on buckets, but not to the level I'd consider scholarship. Ray Lucia of course has a lot of bucket content, but again very light on scholarship.
Is there any scholarship of similar quality to Bill Bengen's Trinity study, relating to a bucket-based portfolio approach including rules to manage the portfolio?
Great video!
With $300k in cash, which is 2 1/2 years of living expenses, and no debt, why would you not be 100% invested in a smart mix of equities?
Good video Kevin. The bucket strategy is a "feel good" strategy that makes you define rules on when to refill buckets. Most would be better off financially (but maybe not emotionally) using a simple rebalancing strategy.
A pension works like an annuity. Let your pension and SS do the heavy lifting in retirement. Then supplement that income with your IRA. Too often financial advisors recommend a lump sum rather than monthly payments from a pension. Of course they do, more money under management, higher commissions for them. If your return rate is greater than 6%, and most are and you’re in good health, take the monthly installments.
awesome video – thanks!
What about the reverse glide path? That is gaining popularity.
Well done Kevin 👍
There are several different types of annuities. Not all of them have the liquidity issues you mention around 11:30. E.g. most all Fixed Index Annuity products allow you withdraw any and all of your money penalty-free fairly soon after purchase.
Thank you Kevin, great video, I learned a lot. One question, if you buy the annuity for 500k at 7.5 % is the entire principal of 500k still there at your death to leave to your children? Thank you
Great video, one of our buckets is a rental property. Very stable income, occasional expense surprises, excellent long term inflation hedge.
What was the internal rate of return of the annuity?