Why You Should Consider To STOP Saving For Retirement *(not a typo)
Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)
Ari Taublieb, CFP®, MBA
4.7 • 585 Ratings
🗓️ 7 August 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | People think when they come to me as a financial planner, I'm just going to tell them to save and invest more because that's what financial advisors do. |
| 0:06.1 | and it can be helpful to save and invest more. |
| 0:08.1 | But if you want the best financial plan ever, then guess what? |
| 0:11.2 | Keep saving and investing. |
| 0:12.5 | You're going to have an amazing financial plan. |
| 0:14.2 | Never stop working. |
| 0:15.8 | Make sure to never take any trips. |
| 0:17.6 | Don't do anything fun. |
| 0:18.7 | Your plan, it's going to look incredible. |
| 0:20.8 | But that's not the goal for most people, and I bet it's not the goal for you. |
| 0:23.9 | So today's episode is about me talking about when you should consider stopping saving for retirement, a really odd topic. I'm sure something to think about. But it's the reality. Some of you have saved and invested really well, and there comes a point where you go, how much longer should I do this? And then there's, of course, to what extent should I do this? I've saved and invested well. Should I just take advantage of my company match? Should I still do those Roth IRA contributions? When do I start considering other saving techniques? Because if I want to retire early, you've heard my podcast enough that you guys know, oh my gosh, where's income going to come from? Is it a bridge account? Are we doing a Rule 72T? All these things. And if that didn't sound like English, please now you do not have to know about that. There are all of these cool aspects. I'm going to go over in today's episode so that you can make sure you're doing everything right when it comes to your early retirement. |
| 1:11.6 | Now, I'm going to hop right into today's episode, but as always, I want to make sure that I do get to highlight recent reviews. |
| 1:17.8 | So thank you guys for the continuing to leave those reviews. |
| 1:20.6 | It's always fun for me to get to see those. |
| 1:22.6 | This one comes from Brandy and Coco, who says thoughtful and easy to understand. |
| 1:26.4 | I enjoy listening to this podcast. Ari speaks on topics I'm says thoughtful and easy to understand. I enjoy listening to this podcast. |
| 1:28.1 | Ari speaks and topics I'm interested in and easy to understand. I don't even just want it to be easy to understand. I want it to be so clear that you go, oh my gosh, I walk away from every episode |
| 1:33.3 | with just more clarity around money. That is my goal and so I hope that this has been helpful so far. |
| 1:38.7 | When I listen to other podcasts and if I walk away confused at all or even if I leave a doctor's |
| 1:45.4 | office and I go ahead, kind of know what they're talking about but not totally sure, I find |
| 1:49.9 | I'm less confident about them executing on a plan. So my goal is of course to be as concise |
| 1:53.8 | and clear as possible. So glad that that's resonating. |
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