Run This Test BEFORE You Retire Early (How To Avoid Getting UNLUCKY)

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

Ari Taublieb, CFP®, MBA

Entrepreneurship, Investing, Business, Careers, How To Retire, Retirement Planning, Stock Investing, Real Estate Investing, Retirement, Personal Finance, Save On Taxes, Early Retirement

4.7 • 583 Ratings

🗓️ 28 October 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What-if scenarios allow you to retire early with confidence. Create Your Custom Early Retirement Strategy Here Get access to the same software I use for my clients and join the Early Retirement Academy here Ari Taublieb, CFP ®, MBA is the Chief Growth Officer of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.

Transcript

Click on a timestamp to play from that location

0:00.0	I know you are not confident about your retirement next year. And it would be really weird if you had all the confidence in the world with no concerns at all. That would make me more concerned. But what I want to do is to prevent you becoming unlucky. And that is how you will have confidence in retirement. You will understand, wait, so even if markets don't do well,
0:22.4	and even if it turns out I'm like the most unlucky investor ever and I still spend everything
0:27.8	I want to do, I, sorry, I'm on. Okay. I think I have a pretty good idea why you are concerned about retirement.
0:41.0	Now, that could be in one year or a month or in five years or 20 years.
0:45.4	The reason for that for most people is they are worried about being unlucky and they're going,
0:50.7	what if I retire and markets go down and health care costs go up and tax
0:55.5	brackets go up and it turns out I didn't project my retirement perfectly.
1:00.1	Am I going to have to go back to work?
1:01.7	That is most people I talk to.
1:03.4	And there's not a magic switch.
1:05.5	I wish there was that created confidence overnight.
1:08.3	But you will become very confident when you understand the different
1:12.6	tradeoffs and the positions you're in. And I'm going to show you what I mean by that. So I'm going to
1:18.0	go through in today's episode, an example. It is a real case study, but I'm going to help you
1:24.1	understand how you can have confidence. And it is, yes, possible, but it comes with education and making sure you're not overlooking
1:31.9	anything because I will run for my clients what's called the unlucky test.
1:37.0	What if you are the most unlucky investor ever and markets don't do well?
1:42.5	What if you live 10 years longer than you think? What if Social Security
1:45.9	gets reduced? What if inflation goes up? What if, what if, what if? And if all those things
1:51.1	happen and you are just unlucky and your plan shows that you would not run the risk of running
1:57.0	out of money and you can still do everything you want to do. You might go, why the heck
2:02.2	am I worrying? If I'm the most unlucky person ever, I'm still going to be able to do everything I want
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ari Taublieb, CFP®, MBA, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ari Taublieb, CFP®, MBA and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.