How to Live Off Investments & Retire Early | Our Seven Account Strategy for Financial Independence
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- čas přidán 11. 05. 2019
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Our Rich Journey - How to Live Off Investments & Retire Early | Our Seven Account Strategy for Financial Independence: If you've seen our videos, you know that we are on the journey to F.I.R.E (financial independence retire early) - and any good F.I.R.E. plan involves a strategic draw-down strategy (i.e., a plan for withdrawing funds from different accounts throughout retirement). In this video, we discuss that plan! We discuss the seven investment funds we contribute to for FIRE and we discuss our plan for taking money from those funds in order to fund our early (and continuing) retirement. (Hint - it involves the 4% rule! :)
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▸▸▸Check out some of our other videos!
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Now that you guys have actually retired, can you do an updated video on how you are ACTUALLY drawing down right now? That would be soooo useful!!! Thank you! Love you guys' videos!!!
O wow I actually understood this. And I almost never understand investment videos as they relate to early retirement. Thank you very much!
AS thank you so much! That really means a lot to us. We believe strongly in demystifying investing and empowering others to build wealth towards financial independence. So please don’t hesitate to ask us to explore any topic in a future video. Thank you again for the kind comment. It fuels our passion to share 😊
They are good teachers
You guys are saving my sanity and my marriage. Thank you!
LOL! You are too funny :-) thank you for the love :-)
This couple is cute. I like how they work together and how they look at each other in every video to confirm what the other is talking about. Good example.
Just a friend reminder for long term investors:
DO NOT panic and sell in 2020.
if anything, BUY MORE $$$$$
Should I wait to invest until the crash if I’m 24 & haven’t started investing yet?
@@solo8348 There is never a guaranteed crash... most experienced investors will tell you not to try to time the market
bryar23 hmmm, so I guess invest as early as you can.. & if things dip while you’re holding keep holding or even buy more.. as long as they dip because a rescission.. right?
@@solo8348 yeah I would say that is a good summary, averaging down instead of selling at a loss is a generally good rule as long as, like you said, its bc of a market dip and not just because of the specific company
Very nicely done!! I reached FIRE last year, but I always enjoy learning about what others are doing. You are fast becoming one of my favorites!!
Bro thank God every morning and evening for giving your a smart lady, who share same goals like yours.
One channel that actually makes sense & back up with facts that doesn’t want my money.
Hey guys I really wanna thank you two for the videos you make, you guys are two of the most inspirational and informational ppl I've ever watched on YT. You not only kick out the hard core terms and strategies but you explain them and tell us what you've learned from your mistakes, and I'm so dang glad I came across your channel ✌️
SuperRJ2012 - What?! We are so dang glad you came across our channel, too! You are way too kind! Thank you so much for the support!!!
Wow! Your videos are great! You both explain things in an easy to understand manner and I love your ideas. Thanks so much for taking the time to share with others.
Great stuff.. you guys need to be on the Breakfast Club. Definitely a 👍 for this one. I have a similar strategy but the government still better have my money (Social Security) or we’re gonna have a problem.
LOL! You had us laughing on that one! You aint lyin' - they better have our money, too!
Congratulations on reaching FIRE! I thought I heard you say once you were 59, you were thinking of drawing your Roth and HSA accounts first before your 401k assets. For tax reasons, that seems to be backwards. I would recommend drawing down the 401ks first and at the same time also convert as much as possible to Roth so they will be tax free forever.. Goal would be to have as low of a 401k balance as possible at 70 when RMDs hit. You could end up in a very high tax bracket if you wait for RMDs to hit-especially if you end up with pension and social security (It will be there) on top at 65-70. Those RMDs can send your taxes soaring and no way to stop it then. Taxes. Plenty of time for you to go but watch out! I’d draw down / convert 401k to Roth IRAs as soon as you hit 59 1/2!!
I love how EASILY y'all explain everything. The world needed this channel!
I’ve been a follower for a while on your channel now and love the info. It is truely amazing what you two are doing and on top of everything with kids and funding the tuitions. Great work guys.
johnny t thank you so much! We are having so much sharing our story and get so much inspiration from the others on this journey with us. Thank you for being with us all this time. We really appreciate the love ❤️😊
Thank you for explaining the Trinity study. I had heard about it, but never knew how it worked.
I started my journey 2 years ago because of you guys . Thanks for always putting out great content . I have learned a lot .
You both are very smart with investing, especially at such a young age. I like the fact that you worked together toward your common goal and achieve it. Many Ivy League graduates either don't have the knowledge you do or can't execute the plan like you, so congrats. Best wishes on your journey.
Incredible value! I wish more people could see this!
Thank you so much! We really appreciate the kind comment :-)
This is the most informative channel EVER! I love tht CZcams has brought you guys into my life ❤️
Clara - You are so awesome and kind!!!! Thank you so much!!!
You two are amazing!! Thanks for making these videos and sharing your knowledge and journey with all of us. I've found your videos very helpful!
Thanks guys as always for such a clear and approachable explanation. This part was worrisome for me but now I am more confident. Being diversified in all aspects of your finances is beneficial: multiple streams of income, multiple ways of saving, and now multiple investment accounts. BRILLIANT
Absolutely love your videos! Explained in a very clear and concise way; thank you and keep up the good work!!
I feel like you guys are my investing parents, thank you for all your videos and useful information! I'm so excited to start investing :)
I have always found your videos interesting and overwhelming. I used to think that I can't wait to have the time to fully understand the contents. Tonight, I am there. I finally understand. I am excited. Now I can't wait to watch all your other videos. I will be debt free next week, as soon as I deposit my mortgage escrow refund check. I now have more than enough money to think about investing. I guess I am no longer too overwhelmed by debt to understand investing. 😊
This was a great video. A lot of FIRE literature focuses on investing more but not how to manage tax-advantage accounts. Thank you for the help!
Thank you soo much for this video! I have always wondered about the reality of enjoying retirement with all of these growth sacrifices. Thank you for sharing your portfolios and plans as well. You’re videos are extremely useful to me. I hope you keep them up. Smile!
I keep preaching this on my channel. Investment in the long run is the key
YES! Thank you!
Thank you for discussing your draw-down strategy. Not many others are doing this and it is very helpful.
SWonderful. Thanks for explaining the 4 percent rule!! That was a lot of info I will watch it three times!!
Angela - LOL! That is awesome!!! Third time's a charm!!!
Wow, Amazing video!!!! You just answer my questions of what to do. I was thinking of just opening a IRA account but started thinking of what to do if I wanted to withdraw $$ before. Thank you for the breakdown
1,000,000 Thanks guys!
I love your transparency and clarity about stock market. As a foreigner where stock market doesn't exist, it's hard to understand (in a nutshell) what and how to invest in order to set up a retirement fund, and most important how to withdrawal without depleting it. 😘
I've been paying a financial officer to invest for me because I didn't understand even after or meeting. The financial lingo he used plus all the paperwork is overwhelming for a non- native English speaker without family or friends to ask for help.
This is my favorite video of all because it gives me a visual. Please keep the visuals. 💞
I like the fact that you are planning options into your plan. Nice plan.
Planning within a plan. That's our plan! :) Thanks for watching!!!
Great video! So glad I found you folks.
Hello! I have been following you guys for many many MANY years! I have been doing my own research while watching your journey! I know this is an older video. However, I just want to add how the light bulb 💡 just went off for me! I have been adding money into my taxable account after others have been maxed out. I see the importance of this. And how it truly “bridges” the other accounts! I love how simple and easy you explain sometimes hard concepts! Thank you!!
Love your content! I've been binge watching. Love your chemistry and cute family. I'm 45yo and thanks to the lockdown I discovered your channel. Love your content! I'm joining the journey! With love from Malaysia.
Immense amount of value in this video. Thank you
I love your videos. My wife and I just turned 61. We have followed a similar mindset as you. We had to allow for one income and raise three children. (All college grads, two with mba)
Despite we have been so blessed by being consistent and diligent.
One thing we could have done better is to manage expenses with mutual funds.
Thank God for Vanguard and the availability of low cost mutual funds ect.
Look forward to watching more of your videos. 👍👍💪🏻
You changed my life 😍😁. I have currently 3% of my FI number, 5 months worth of emegency fund, paid off my dept, 5% of my new flat mortgage and my savings rate increased to 40 - 50%.
My life is soooooo much better and I don't have to worry about money.
Thanks for this video Christina and Amon! Great job and so inspiring. :)
Why? WHY can’t they find people like you to teach our kids the basic fundamentals of the financial success?
It’s heart breaking what these corrupted Marxist teacher unions and politicians do to the generations of young Americans!
I wish you all the happy retirement and long, lioooong, wholesome and interesting life together, because it’s not that you are so smart and wise people, it’s that it’s obvious that you love each other and respect each other!
I showed this video to my kids who are 20 and 13 and they we so impressed and enlightened..
God Bless you and your beautiful children!!
From the bottom of my heart!
Such a helpful video!!! I appreciate you 2 so much 🙏
This was very well explained thanks! I rebalanced my 401k after hearing your explanation of the trinity study, and hearing a similar sentiment from Warren Buffet’s 2013 letter to shareholders. No more target date retirement funds!
Thank you for sharing your fantastic journey!!!
Our pleasure :-)
Thank you guys for sharing your knowledge and for always answer, all of our questions . Happy mothers day🌹
Thank YOU for watching AND commenting - it definitely helps our channel grow! :) Happy Mother's Day!!! :)
Thanks for this! It really tied together a lot of my personal finance research from the last couple months into a nice sensible summary! I do have question: How were you able to get enough money into your Vanguard brokerage investment account so as to live off of 4% per year until you get to “retirement age”? I mean were you investing/compounding in it for years already? Did you earn enough to put a large sum into it? Perhaps you have another video that covers this question.. would love to know. Thanks again!
Tks so much! I've been learning a lot about stocks, ETFs and Index Funds. I'm from Brazil.
So glad you're learning from our channel!!!
Favourite channel! Thank you for sharing your journey🤩
Thank you so much :-)
Many thanks for your encouraging educational and practical videos🙏😃
First time watching your videos. Loved it. You guys are so personable! I've subscribed and liked and plan on perusing through your other videos. Thank you...! Keep smiling!
Your comment has us smiling!!! So glad you found us! Thanks for watching!!!
So much great information here. Thanks for sharing the details. Great Channel! Well done on reaching your goals!
Love this video. I take it that you look at your overall allocation across all accounts - regardless if they're taxable or not?
This made me go back and change my acorns portfolio
Interesting learning about the Trinity study. Thanks for sharing!
Two years of savings is a great idea and tip! Thank you.
Thank you! Our pleasure to share :-)
Our Rich Journey Two years of savings. Is that adjusted for Portugal? What’s two years for your family of 4?
I had to subscribe!!! AMAZING CONTENT!
#OurRichJourney you guys are amazing. I appreciate your exploration of life altering topics. Please keep sharing and I hope you you and your family are doing well!
Great video guys. I guess I'll see you at the grocery store, I'll be shopping in the gravy aisle too! Thanks.
I know nothing about investing and stock, but you are inspiring to listen to, so I kept watching. Thanks. Keep sharing, you start to grow on me, with your journey, lol!
Wowwww you guys obviously worked in Accounting for the Government
Absolutely LOVE your videos, energy and how you have shared your family experiences, THANK YOU. Question, where or how do you keep/invest your emergency fund?
Interesting, I just opened a brokerage link account and I am slowly moving my money from my 403b to my link account. I started investing in funds that bring more returns. Nlf with low expenses. Video is on point and good conformation.
Thank you so much and congrats on opening the new account :-)
I feel like i missed out soooo much waiting til I'm 28, but late is better than never I suppose, this all is confusing to me but Im sticking with it ! I purchased the ebook as well, feeling it out today!
Your information is so valuable . Thank u so much 👍👍
Thanks for the video guys!
Beca - thank YOU for watching!!! :)
I am 67, female and.have 401-k in 100% stock index funds with Vanguard. Don’t really need it now. Have decent pension and social security. A small rental property and two homes. Great informative videos you are sharing. Vanguards suggests I include a small portion in bonds. However, the way my portfolio has been growing lately I have not decided yet to follow their advice. Thanks
Great video and topic ORJ! Very informative on retirement and drawing out the retirement accounts to live off the investments! If you have dividend income that is greater than 4%, you may even be able to live off that and not have to sell any of your assets. The rest would be icing on the cake! 👍
Thank you so much! And thank you for adding to the conversation :-)
I don't really make a comment on a youtube video. But I need to tell you that I loveee your videos.. I wish I knew all about this since I get my first paycheck. I agree with the others that you guys deserve to get more subscriber. :)
There is so much good information here! Answered a lot of questions I was having on living off of the 4%. Thank you, thank you, thank you.
I appreciate the transparency and breakdown of concepts and studies completed.
NaturallyNerdeeNicol it’s our absolute pleasure. We love sharing to illustrate what may seem complicated and scary, really is not. We want to empower people with information so that they can join the journey 😊🙏🏾❤️
Couple goals! Great videos.
You two are awesome!!
Well laid out video I always learn from you guys .
Thank you so much:-) So glad you enjoyed the video.
I loved this video, very thorough, thank you, great job!! 😁😁💙 Subbed, glad I found this channel.
Thank you so much for the love and thank you so much for subscribing :-) We are so glad to be on the journey with you. Dont hesistate to ask us any questions or suggest a future video. Thanks again for joining the journey!
LOVE YOUR STORY GUYS, TRULY INSPIRING AND GRATRFUL FOR THE INFORMATION 🙏
Great video and so much information and guide how to retire early. Keep it up!
Precise and concise, I like how you go a straight to the point. been putting aside 50% of my pay into growing my investments and portfolio using professional service and I have a rather large portfolio and can decide to retire. I'm thinking of starting a youtube channel also ....
Love this video. It is great to see a plan/approach for tapping various accounts. One challenge that we have is that we have dumped so much in pretax accounts with little in post tax accounts. May have to employ a Roth conversion ladder, a-la the Mad Fientist, to try to get some balance.
Much respect. Index funds work!!!
Thank you for all this helpful information
Love your videos !!
Great videos and comments, so happy you guys are doing this! Would you give an example of how you would rebalance your portfolio just before a recession? 70/20/10 is great but what would that look like just before?
Hi Peter! I think you may be asking a question more in terms of reallocation. A rebalance would just keep our portfolio at our previously established ratios. However, in a recession, one might want to consider reallocating his/her investment portfolio. In other words, in a recession, an investor might want to reallocate his/her portfolio to put more money (or a greater percentage of money) in stocks and less in bonds (or vise versa). It really depends on the investor's risk tolerance, how close that person is to retirement, whether the investor is investing long-term, and how long the investor intends to continue funding his/her portfolio. Each person's situation is unique. For us, we are all about throwing more money into stocks during a recession - it's like buying stocks at a discount! :)
Y'all are amazing. I just found y'all videos today and I have already watched a bunch. I will definitely be watching y'all as I go through my journey as well. Great content so far
Thanks so much for the video! Your family is awesome! How do you think of Wealthfront and Betterment?
You guys are making a huge difference in the world. I salute you, and I thank you for being so transparent and honest. You’ve helped me shape my thinking patterns, and have motivated me to follow in your footsteps. God bless you and your families!
What a great channel. Keep up the great work
Great information as always. Thank you guys.
Awesome - glad you liked it! Thanks for watching!!!
Great video with insightful information, thank you for the tips as always
You are the best channel I follow! No cap
Wow! So awesome! Thank you so much!!!
Great information!
Great videos. Happy I found you. Thx
Thank you! So glad you found us :-) Welcome!
Wow this was great wisdom!
If I could. I would give you multiple thumbs up, I would. I love. love. love this strategy.
Super interesting. Great video.
Awesome job from you both. 👍
Thank you!!! :) So happy that you liked it AND commented!!! :)
Great video !!! Glad I found you two. My wife and I have a teacher pension each. Would love to see a pension PLUS investment video. I will look for it, but if you haven't done one PLEASE MAKE ONE, would love to show it to my wife !!!!
Ways to go guys. Thanks for sharing great information.
For me, I am 60, I have all my retirement money in these funds:
FBGRX 25%
TRBCX 25%
VTSAX 25 %
VTI 25%
This is awesome! I like the blue chip funds. Thanks for sharing..as usual :-)
TRBCX ,...T Rowe Price Blue Chip.I have about 25 % of my portfolio in that fund also.I am a T Rowe Price man thru and thru.I pay a little extra in fees,...but,...no complaints.
Can someone explain what the difference is between VTSAX & VTI ... I looked on Vanguard and they hold the same things. Aren’t they both considered passive management funds that follow the index? One costs more I think? I’m not sure why!
I have Vanguard 2045 Target date IRA but I’m thinking that’s taking more money in fees vs if I just buy the ETFS within the IRA. Am I right?
Love you guys, really. Keep up your awesomeness
Thank you Mila!!!
Great video, very informative. Thanks.
JBoogie1977 thank you so much 😊
Smart strategy but if I were you I will wait on taking from the ROTH 1st because of RMD on your 401k which increases because of percentage required to distribute in retirement which may also affect your taxes you pay as well in the later part. You need to check out RMD Percentage table for your calculations. My option will be the 401k 1st so that you draw that down and later tap into the ROTH option. My 2cents. Great job guys.