Rebalancing & Withdrawing Money in Retirement--Which comes first?
Vložit
- čas přidán 5. 08. 2021
- Rebalancing & Withdrawing Money in Retirement--Which comes first?
Tools & Resources
📚 My Book (of course): amzn.to/2MsRJ9B
📈 Personal Capital (Investment Tracking): robberger.com/go/personal-cap...[short description of video]
💰 M1 Finance $30 Bonus (IRA & Taxable Accounts): robberger.com/go/m1finance-bo...
📊 Morningstar (Fund Research): robberger.com/go/morningstar/yt-
💵 Tiller (Budgeting): robberger.com/go/tiller/yt-
🏆 Best Investment Tracking Apps: bit.ly/3wSbKZa
Portfolios
1️⃣ 3-Fund Portfolio: bit.ly/3yT6hmO
2️⃣ Merriman Ultimate Buy & Hold Portfolio: bit.ly/3g9qtse
3️⃣ Ray Dalio All Weather Portfolio: bit.ly/3cbzdwF
4️⃣ Warren Buffett Portfolio: bit.ly/3pdI8mm
ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (amzn.to/3by10EE)
LET'S CONNECT
CZcams: / @rob_berger
Facebook: / financialfreedomguy
Twitter: / robert_a_berger
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
Love this!!! Def got me rethinking my moms portfolio rebalancing for the next decade
Rob, we (in Europe) don't have access to US established ETFs for a number of reasons (US financial jurisdiction and anti money laundering laws previously) but more recently (2018) all funds traded on the European stock exchanges must be UCITS (Undertakings for the Collective Investment in Transferable Securities) compliant. This refers to a regulatory framework that allows for the sale of cross-Europe mutual funds. Right now UCITS is seen as quality label for safety and regulatory oversight. However, big brands were slow to create new (copies of their ETFs) or cover the requirements for UCITS funds initially, it was not worth the effort at first. So in Europe we have a more limited and expensive selection of ETFs, some with low liquidity. Some ETFs were created just a few months or years ago and they are not found in Morningstar database yet (many have multiple stickers as they are listed on 4 or 5 European exchanges).
I'm looking forward to your video on VT. I have about 10% in my portfolio.
Rob you are too cool - "You like chess" and have a "A Threadripper + RTX3080 PC". Subscribed!
Rob. I enjoy and learn something from most of your videos. You present info that really makes me think...and techniques that I implement in my own accounts. Well done!!
I enjoyed the video
Thanks!!!!!!!
Rob, I've maxed out my 403b and am sitting on a recent influx of cash. So I'm going to start a taxable account for the very first time. (FWIW, I'll be retiring next year.) I like the 3-fund approach you have taught about. I am thinking that my taxable account should include VTI and VXUS, but am wondering what I should do with the allocation I would, in the 3-fund system, put in some kind of bond fund, since I've assumed I shouldn't be putting bonds in my taxable account. Thoughts?
Yes! A list of flat fee for financial advisors is top priority please!!! Thanks you🤗
I’m all Fidelity. I paid for an hour with the fellow from Moki finance. I wanted him to review my portfolio and comment. He’s not a certified financial planner, but he knows his stuff. If you check out some of his videos you’ll know whether you like him. He really likes low cost index funds. I sent him my portfolio in advance on a spreadsheet and he did homework in preparation for it. I thought it was money well spent, and well under $100.
would love to see that financial planner fee only list if you make one. they are harder to find lately.
appreciate what you do
Rob quick Q. How do you rapidly switch from comp screen to it viewing you?
I really enjoyed the live show. Thanks for sharing your time and expertise. I’m looking forward to the next one.
It would be interesting how RMD’s enter this discussion on withdrawals and balancing.
Oak harvest financial must have megabucks to have all these commercial.😂
Rob good info today ⭐️⭐️⭐️⭐️💰💰🏆
Hi Rob from Sunny hot California
Rob, the material which you cover in your videos are an amazing source of information and comfort to those, like myself, due to retire in ten or so years from now. Thank you!!
Hey Rob great work. What do you think about purposely saving money outside of a tax advantaged account to have significant flexible wealth to jump on a business opportunity that might arise? Starting a business for example. Thanks.
Hi Rob, off-topic question - please consider for a future video giving more detail on how you use your Master Mind group that you mentioned in one of your recent videos. Thanks for your helpful information.
love the behind the scene video - just starting to get going on my real estate videos
Knight captures on e5?
Speaking of asset allocation/location, what would you consider Commercial Residential (larger apartment complex) syndication investments? Would you classify them like a REIT? As far as asset location - they are not in any retirement accounts, so I'm wondering about them now that you said you would only put REITs in tax advantaged accounts. Also, would you consider these a replacement for a Bond? I invest X capital and get y cash on cash return, i.e. yield, and also get refinance and sale (proceeds).
Same for me, started a few years ago with 8 funds in one account, now implied down to 5 funds. It is easier to manage and rebalance.
Smart more. More investments is not necessarily better. Its just more.
Question for your next live... 55 and going to start a brokerage account for some of the cash we are starting to stash away. We will possibly need access to this money but hoping to just let it grow for retirement. Looking at putting it into something like vanguard tax managed balanced fund vtmfx. Not looking to be too aggressive but would like a better return than the high yield savings account it is currently in. Is this a good option or are there better ones for our taxable account?
Thanks
55 and about 10 years until retirement. 10 years is plenty of time to recover from a bear market. 100% equities will be fine.
@@DavidEVogel This account will also be an extension of our emergency fund which is why I was looking for something less volatile.
@@grndmagad7118 I had vtmfx and thought the downdraw was similar to a 100% index fund in a down market if I remember correctly . That was in 2020. The expense for “safety” is less growth. I exchanged it for vti vanguard total stock market. If you need access to the money , maybe consider a dividend etf/fund like vym or schd if dividends are enough for earlier access…
I enjoy your videos. I can see you fine but your screen is sorta blurry.
Hi Rob, I have just invested $ 10,000. Into the Vanguard 3 fund portfolio (80, 20). I am thinking of selling my original investment of $100,000.00 since Oct 2020.
The balance now is worth $ 140,000 (100%) into stocks with Chase bank (the managers keep buying and selling almost every day). Investing it into the 3,4,5 Vanguard funds. What is your take on this ?
be careful if this is a taxable account, Sounds like you're looking at a huge tax bill with your proposed rebalance
Hello Rob - what are your thoughts on covered call ETFs? Why would one not put majority of their money in ETFs such as JEPI, NUSI, XYLD, and QYLD in full retirement? The average of those 4 ETFs is just below 9%. If you are not worried about growth, would it not be a good idea to invest in those 4 ETFs for retirement income? $1 million distributed in those 4 ETFs would yield approximately $90k per year.
This is a great question and I'll work on a video to cover it. Very important, as I see a lot of CZcams videos pumping covered call strategies, particularly for those in retirement as a way to generate income. A very bad idea.
@@rob_berger Thank you sir. Look forward to seeing that video.
Thanks Rob. One thing I'm doing is to have some ETF ultra short, short term and intermediate bonds in my taxable account to try and earn something compared to nothing in a money market. I also have ETF Total Stock Market and of course money market, but I struggle with what mix to have of these various assets in a taxable account where I might want to access them within the next few years.
I have seen retirement portfolios with 10 different investments where the retiree attempts to "cover all the bases." Way too complicated for me.
Starting at 18:00, did anyone else notice that first he says... Never hold REIT's in a Taxable account ! Then he says " by and large, you want to hold REIT's in a taxable account " which advice should I follow ?
No REITs in taxable, put them in tax advantaged
Just mistake/ misspoke. Earlier in video says not tax efficient so put in retirement acct.
Does a 60-40 portfolio work in a deflationary or negative interest rate environment? Like for example if you retired with a decent corpus in 1990s in Japan and went with a 60-40 or a 50-50 portfolio in Japanese index, is your wealth still protected in 2020 ? By protected I mean in Japanese terms
By a 60/40 mix I assume that you mean 60% equities and 40% fixed-income securities. Equities and fixed income are NOT inversely correlated. In other words, in a bear market equities are falling and fixed-income securities are not necessarily up.
The mix cannot protect you against all future possibilities.
what games did you get the new gaming PC for?
It's for video editing for the most part. In the past I've played Call of Duty, but it's been a while. We'll see.
Your videos have come a long way since the "basement" days. Enjoy your content very much (from a fellow Buckeye and J.D.)
Hey Rob, thanks for all the videos you made, really some insightful stuff. I’m glad that you will do some more for non US citizens. Besides the availability of funds, could you also address on the 30% tax non US citizens need to pay on dividends? We don’t have to pay tax on capital gains but 30% on dividends is default. Would it affect portfolio decisions to you? If so, could you give us some suggestions? Thanks and please keep your awesome work up. Jarvis
I think you only need to pay 30% if you don’t file the w8ben form with your bank.
fill and deliver to your broker the document w8-ben. Doing that you only pay 15 per cent on your US dividends.
Nxe5
'm a 54 year old who has a made a lot of bad choices in my life. Due to these bad choices I haven't saved anything for retirement. I've recently turned my life in a positive direction. I just started a new job and they offer 100% 401k match for the first 5%. In the mean time I'm thinking of opening an IRA account with Ally Invest. I've already saved a 6 month emergency fund and a buffer fund with 4 months of expenses so all of my pay for the next 4 months will be used for investing. I really love the information you provide in your videos, so any feedback concerning my situation would be greatly appreciated.
Never too late to invest 😀 Even say $1000 a month until you are 69 at say 10% compounds to $420,000 and over 60% of that fig.has come from the 8th wonder of the world - compound interest. Suggest you always take matched pension contributions from employer and then add some too - can’t advise on the various products as I’m from UK and things are different. Get the investing bug underway and good luck 😉
Ps best bit of advice I was given at 23 was always try to ‘place money’ rather than ‘spending money’! As an extreme example (granted) I’ve in the main bought cars that go up in value if I could eg Peugeot 205gti back then and then BMW M1 e26, Audi RS2, Porsche 993 cs, Ford GT (a few others went down mind....we are all fallible)
Rob, you are great at explaining difficult things. But your videos are too long and rambling. Concision is your friend. Go back and read Strunk & White. Your friend, Tom.
Thomas, this was a livestream Q&A. So it's long by design. Some will be longer. Maybe you could create timestamps with the topic of each section and leave in a comment so folks could jump to the topic(s) important to them!!!