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Early Retirement Success Story – How He Saved 12 Crores in His 30s | Fix Your Finance Ep 36

If you want to retire early, then this video
is for you. Today we'll meet a man who has a corpus of
more than 10 crores and has managed to retire completely before
the age of 40. We will learn how to start planning, how to
do the calculations for early retirement and what all things to keep in mind before
leaving your job. So watch this video till the end and to support
our channel, like the video right now. FIX YOUR FINANCE Hello and welcome to a new episode of Fix
Your Finance. Today I have Ravi Handa with me. Welcome to the show Ravi. Glad to be here. How's early retirement treating you? It has its good parts obviously. What are the good parts? You can spend time on things which you were
not able to do earlier. And what are some of the bad parts of retiring
early? You lose a lot of value and a lot of validation
that you used to get from a job.

You have described your retired life in 2023. Let's take it back to like 15-16 years back. So, what did you study? I have done engineering in computer science. And what was your first job? Where did you start working? I started working in the education sector
itself. I joined IMS Calcutta which is a CAT coaching
company. Okay. And what was your first paycheck? 25,000 odd rupees. When you retired in 2022, what were you doing
back then? Actually, before that, I used to run a business
from 2012 to 2021. Which was in the education sector. My company was acquired by Unacademy. So, the last 1-1.5 years of my working career, I was with Unacademy as director content sales. So, how many years did you work? I worked from 2006 to 2010.

Then I took a year break. 2011 is when I got married. 2011 is when I joined this IT company called
Mindtical. What was the trigger to start your own thing? When I was working for IMS, at that point of time itself, I started making educational videos on YouTube
around 2008. Gradually, they became popular. Not very popular. And this was CAT coaching for MBA? CAT coaching. First, I started with math. Then I went to GK through math. Then to LRDI, then to English. I kept on expanding. And how was the business? How did it work? Business was profitable from day one. Because there was no expense. Yes. In today's date, the cost of videos or ads
in EdTech has gone astronomically. In 2012, it was extremely simple. Because I don't think anyone was doing it. Or even if anyone was doing it, they were not such a big player that you cannot
really compete. On an average, what was the kind of profits
or salary that you guys were drawing? We had good years when we did revenues of
3 crores as well.

We had bad years when we did revenues of 25
lakhs as well. There was massive fluctuation. In 2021, your company got acquired. Correct. It got acquired and then there was that vesting
period wherein you had to work. Correct. And after that, you got an exit. Correct. So, were you actively looking for an exit? Yes. Again, I am telling you the same. So, during the COVID period of 2020, my wife was pregnant at that point of time, So, my wife and I used to sit and chat about
what to do with life. And this is what emerged that we have to sell the business at whatever valuation possible, whatever sort
of deal you get. Because getting out of business is the priority. After selling the company, there will be a
vesting period wherein you were working with Unacademy. Correct. What was your compensation then? Exact numbers I can't reveal because of the
NDA. But my salary was a little above 1 cr. And the ESOPs of the vesting, that was another additional 50 lakhs or a
little more than that.

Wow! So, you have a lot of money in Edtech, I am
guessing. Yes. But I didn't get this for my skill or my talent. Okay. This I got primarily because they were acquiring
my company and this is a way for them to pay out the
money slowly rather than on day one. What is your background? Which college did you study in? IIT Kharagpur. Did that also help in your, you know, starting your entrepreneurial journey? Absolutely. I am telling you, there are a few things which have helped me a lot in life. To take risks, to experiment. One, my parents were always independent. I have never had to give a single rupee to
my parents. The second thing which has really helped me
is my wife was very well educated and in a very good
job which allowed me to take a lot of risks. The third is that I went to a good college and through that college, you build a network. I have friends in senior positions in multiple
places. This is it. You are the sum of your privilege, your background and the people that you have interacted with over your life.

Okay, so now we will talk about your expenses. Do you live in a rented apartment or is it
an owned? It's an owned flat. I shifted to Jaipur in 2015 to be closer to
my parents and at that point of time, I purchased the
flat that I still live in today. Did you take it on loan or did you pay in
cash? No, it was entirely in cash because at that
point of time, I had been doing business for 2-3 years.

The second thing is your travel. So, do you have a car or do you travel in
cabs? I have a car but I don't really like to drive
that much. So, how much fuel do you spend on a monthly
basis? I have no idea. So, you don't track expenses in general? That way, no. So, The way I track expenses is at the beginning
of the financial year, I check how much money was in the bank account. Throughout the year, I just find out how much
money went out of your bank account. So, that's how I determine how much I spent
this year. So, on an annual basis, how much did you spend
in the last 3 years? Around 2 lakh rupees goes into maintenance.

Society, maintenance plus the other property
that I own. 5-7 lakh rupees is the vacation. Another 2-3 lakhs would be eating out, drinking,
parties. Parties, not the pub parties. Parents' 50th anniversary, the first birthday
of the child. So, all these parties add up. 3 lakhs or a little more than that would go
towards the house help staff. These are the big hits. Now, it is time for the main thing, which is talking about your financial independence
and retirement plans. The first and main thing is figuring out your
FIRE number. How much money would I need to not work and can retire comfortably. So, in which year did you seriously start
thinking about FIRE? Which year? Covid, 2020. 2020 is when I actually sat down and did the
numbers. Where I have this much money, I will put this
money here and there. So, it took me around 3 months, maybe 6 months to figure out how much money I exactly need,
how do I need to invest it. And then it took me a couple of years, 3 years
to execute that. So, if your annual expense is 25 lakhs, if you take a multiple of 30, it is 7.5 cr.

Right? So, what are some of the milestones that you
took into account? There are two major chunks that I have kept. One of them is nearly everyone likes and accepts
that you have to save money for your child's higher
education. So, I have earmarked 50 lakh rupees for that. Wow! I will give it to him at 18 or whatever appropriate
age. 7.5 Cr plus 50L. For this? Yes. 8 cr. Another 50L is what I wanted to keep as a
sort of play money for experiments that I would want to do. Angel investing is one of them. Crypto investments is one of them. I am doing a podcast right now, so it has
its own expenses. Yeah. You should check out his YouTube channel,
okay? Every month, two videos come up specifically
talking about how to achieve FIRE. Okay? There is a link in the description. Definitely subscribe. That is 50 lakhs, your play money. How is that going by the way? Angel investments and other investments? I have lost a lot of money in angel investments. I have lost a little bit of money in crypto
as well.

But the biggest problem in angel investments
is that it is extremely illiquid. There is no honesty. So, I had put 3 lakh rupees in a company in
2019. In 2021, it became 45 lakh rupees. Ravi Handa is happy that it is done. Did you get an exit? Exit? The company closed in 2023. It became zero. Oh shit. So, that is the problem with angel investment. That's why you have allocated an amount which you yourself have called play money. Correct. Any other milestones that you have covered? No, these two. 8.5 cr was your FIRE number. You said that you started investing a huge
amount since 2015. You started investing or saving more. From 2006 to 2015, did you manage to save any portion of your
salary? Yes, we were always saving more than 50-60%. We used to save this much. So, it was business, revenue was high, that's
why you didn't save. It was something which was there. Your expenses were always lower than what
you were earning. So, have you accumulated the 8.5 cr ? A little bit more than that. Very nice. How much percentage of that, if you are comfortable
sharing, how much percentage has come from selling
your company and how much percentage of the proportion
has come from your savings? I would say that selling the company probably
gave me 20-25%.

Which basically means that this was not a
result of a certain event. No, no. So, this was because my business was successful. The second factor was that my expenses were
very low. The third factor was that I always had substantial
investment in equity. The fourth factor is where I would say the
selling of the company comes in. The main money that was made was made by business. And let's say if you were doing your software
job, you would have been in the top positions, In that case, do you think this much wealth
accumulation would have been possible? If I was in India, then no. If I had gone abroad, then I would have been
way ahead of this.

Is that one of those things that you would,
you know, you look back and want to change? I regret it every week. If I had been a good student, if I had studied
in college, then I wouldn't have been in the coaching
line. I would have moved to the US or Canada or
Europe or somewhere after college. I can't believe that you are saying that you are not content with what you have achieved
financially. I am absolutely content with what I have achieved. Because I have bounced back from the mistakes
of not studying in college. Yeah. The 8.5 cr that you have accumulated, that too, what are the percentages where you
have invested? My current net worth would be somewhere between
12-13 cr. Out of this, 1-1.5 crore rupees, which is
my 4-5 years of expenses, I keep it in absolutely liquid low risk investments. So, this is my cash bucket. In the medium term bucket, I have taken a
balance advantage fund. I have long term bonds, gilt funds, which is another 4-5 years of expenses. So, a mix of equity and debt. Third bucket, which is my long term bucket, another, I believe, 6-7 crores would be in
that and then there is a piece of land that I own
which is around 2 cr.

Tell me one thing, how to go about it? Primarily if you are young you need to save,
develop as a habit sort of a thing but your focus should be on making money. Where will you earn money from? Either you will grow in a job or you will
join risky jobs like startups to get ESOPs or you leave the country, you go abroad you
earn a lot more there, you save a lot more there and you come
back and you know you can be in a very good situation or what you do is you get a higher
degree.

Suppose you have done engineering, MBA, Masters
in Engineering, there are plenty of avenues. Your main focus should be on making more and
more and more money. Because after one point your expenses can't
get less. So if you want to increase the alpha, the
difference in income and expenses that will only happen if you are constantly focusing on increasing
the top line. Let's say I have decided that I want to retire
early. What was the framework? What were some of the thought processes? One according to me even hoping for planning
for early retirement is sort of accepting a failure that you couldn't make your career
in your life better that's why you are going towards retirement. Yes financial independence is important, early
retirement is not. If you are in a job that you like, that you
enjoy or I will say if you are in a job or in a career that you don't hate, do not think
about early retirement. Early retirement became important for me because
I wasn't liking what I was doing.

So this is our quick finance round. You have to answer the questions as soon as
possible. If you had an unlimited budget, what would
you gift your wife? Vacation, luxury vacation. If money was out of consideration which in
your case holds true, what would you do for a living? I don't know I will keep experimenting with
it which is what I am doing right now. And the last question is for people who want
to achieve financial independence and you know are seeking early retirement, what are
2-3 nuggets of advice that you would share with them? For financial independence, increasing your
income as much as possible that should be your priority. The second priority should be that bulk of
your savings should go into equity. If you are chasing early retirement, I think
that is a bad chase to have. That should be, that is like surgery, that
should be the last option. Try changing your job, try changing the city
you work in, try changing the country you work in, try changing your careers. If there is no avenue, that is when you think
about early retirement.

Alright, that brings us to the end of the
episode. Thank you so much for sharing your journey. I am sure that a lot of people have learnt
a lot from today's episode and video. Make sure to check out his YouTube channel. Every month at least 2-3 videos are made on
this topic. Subscribe to his channel and if you liked
anything in this video, subscribe to my channel as well. Goodbye..

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How Does A Gold Backed IRA Work?

how does a gold-backed IRA work a gold Ira is a kind of specific retired life account that enables capitalists to hold physical gold or other priceless metals unlike common IRAs to hold gold in an individual retirement account you need to produce a self-directed account administered by a specialist custodian that takes care of and saves the metal exactly how to acquire rare-earth element for your gold individual retirement account one choose a self-directed IRA custodium to choose a rare-earth elements dealer three determine what products to purchase four select a depository 5 complete the purchase what forms of gold can you have in a gold IRA you can only acquire gold bars that are at the very least 99.5 in Purity you can additionally acquire a variety of gold coins including the American Gold Eagle the American buffalo the Canadian maple fallen leave and the Australian Gold Nugget kangaroo coins for your gold IRA ought to you get a gold IRA a gold Ira can be an excellent alternative for capitalists that intend to diversify their retirement accounts and also benefit from the hedging benefits that the yellow metal supplies versus various other Financial properties like paper currency and stocks lots of Financial experts advise maintaining 5 to 10 of a portfolio in gold exactly how do silver and gold Individual retirement accounts work how does a rare-earth element ire function a gold Individual retirement account functions specifically like any kind of pension with the included advantage that it offers you a lot more control over your investment to consist of physical gold coins and bars and various other internal revenue service accepted Silver Platinum and Palladium steels is it better to possess silver or gold the relatively high price of gold per ounce makes it simpler for capitalists to store value contrasted with silver making it more affordable to store a comparable quantity of dollar worth is a gold Ira any kind of good a gold Ira usually includes higher costs than a typical or Roth IRA that spends entirely in stocks bonds and common funds a gold Individual retirement account can function as a great hedge against rising cost of living but is likewise focused in a solitary property class what holds a lot more worth gold or silver while silver is mined at 8 times the price of gold bear in mind gold is currently over 70 times more beneficial than silver on an ounce for ounce basis so the overall silver market is worth just a fraction of the gold market why must I spend in a gold IRA should you invest in a gold Ira a gold Ira supplies diversity from other possessions that may be unstable throughout financial declines or durations of high rising cost of living such as stocks and bonds among the best Investments is gold due to the fact that its cost continues to be stable over extended periods with little volatility for a contrast of the finest gold Ira firm'' s go to https colon lower reduce www.buldira401convesting.com gold Individual retirement account business slash click Link in the summary listed below

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Buffett on retirement

FOR PEOPLE RIGHT NOW WHEN IT COMES TO SAVING . >> I THINK IT'S THE SAME THING THAT MAKES MOST SENSE FRANKLY ALL OF THE TIME, AND THAT IS TO CONSISTENTLY BUY AN S&P 500 LOW COST INDEX FUND. KEEP BUYING IT THROUGH THICK AND THIN, AND ESPECIALLY THROUGH THIN. BECAUSE THE TEMPTATIONS GET — WHEN YOU SEE BAD HEADLINES IN NEWSPAPERS, MAYBE TO SAY WELL MAYBE I SHOULD SKIP A YEAR OR SOMETHING. JUST KEEP BUYING. AMERICAN BUSINESS IS GOING TO DO FINE OVER TIME. SO YOU KNOW THE INVESTMENT UNIVERSE IS GOING TO DO VERY WELL.

THE DOW JONES INDUSTRIAL AVERAGE WENT FROM 66 1,497 IN ONE CENTURY, AND SINCE THAT CENTURY HAS ENDED, IT'S MORE OR LESS DOUBLED AGAIN. AMERICAN BUSINESS IS G. THE TRICK IS NOT TO PICK THE RIGHT COMPANY, IT'S TO BE — BECAUSE MOST PEOPLE AREN'T EQUIPPED TO DO THAT. AND PLENTY OF TIMES I MAKE MISTAKES. THE TRICK IS TO ESSENTIALLY BUY ALL THE BIG COMPANIES THROUGH THE SFUND AND TO DO IT CONSISTENTLY, AND TO DO IT IN A VERY, VERY LOW COST WAY. BECAUSE COSTS REALLY MATTER. AND INVESTMENTS, IF RETURNS ARE GOING TO BE 7% OR 8% AND YOU ARE PAYING 1% THROUGH FEES, THAT MAKES AN ENORMOUS DIFFERENCE IN HOW MUCH MONEY YOU HAVE ON RETIREMENT. >> AT THE ANNUAL MEETING FOR BERKSHIRE HATHAWAY THIS YEAR, YOU INTRODUCED A SPECIAL GUEST TO THE AUDIENCE OF 40,000 SHAREHOLDERS WHO WERE WATCHING.

IT WAS JACK VOGEL. WHY DID YOU WANT TO RECOGNIZE JACK VOGEL? >> I THINK JACK VOGEL HAS DONE MORE FOR AMERICAN INVESTORS THAN ANY OTHER PERSON CONNECTED WITH WALL STREET OR T BECAUSE WITH A NUMBER OF OTHER PEOPLE WE CAME UP WITH THE IDEA, HE WASN'T THE SOLE THINKER BEHIND IT BUT HE WAS THE GUY WHO IMPLEMENTED IT AND CRUSADED FOR NOW TRILLIONS OF DOLLARS IN LOW COST INDEX FUNDS. MOST PEOPLE ARE GOING TO HAVE BETTER LIVES, BETTER RETIREMENTS, THEIR KIDS ARE.

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5 Retirement Tricks You Were Never Taught

these five ideas took me 20 years to learn as a financial advisor and be sure to watch them all because I don't know which ones are going to resonate with you I can share with you number five is my personal favorite but leave in the comments what your favorite is okay let's go for a walk uh and the first idea the first tip uh that again they didn't teach us in college they didn't teach us in high school and unfortunately life didn't teach me most of us these things we had to learn them on our own uh and that is this is not our parents retirement right we are healthier than our parents were uh travel is quite a bit less expensive and easier today than it's ever been I've been fortunate in the last three or four years to be able to work remotely from 30 different countries and I can tell you my smartphone had has made that experience so much easier finding a place to stay getting from the bus or the trains station or the airport to where I'm staying finding the the location that I want to you know the cafe I want to go to or the museum or the cathedral or you know whatever the tourist destination is it's a lot easier with the smartphone so uh this is not our parents retirement this is not uh sitting around watching television and fishing I'm not saying that all of our parents did that but the whole world is open to us particularly post covid right um um is is travel is easier it's less expensive than ever so item number one is this is not our parents retirement if we looked at our parents and said ah I'm not sure I'm that excited about retirement I think the type of retirement we can have is is is is really exciting and really interesting we have to do our homework to be ready for it uh both financially as well as mentally you know what does retirement look like what are we passionate about what are we excited about how are we going to spend the time but if we do that homework I think we have a really fun-filled retirement to look forward to okay and number two is is exactly what I just shared which is you know we have to do our homework and I I think we have about a hundred hours worth of reflective work that if we do that I think we can uh feel like we're well prepared uh outside of the financial aspects for our return environment and then in addition of course the financial aspects are important I would encourage you to use a fee only financial advisor have a professional plan drawn up for you it doesn't have to be crazy expensive but you don't want to think that you're okay you want to know that you're okay you're we financial advisors cannot give you certainty but we can provide a lot of clarity just Google fee only financial advisor near you I keep saying fee only financial advisor because they have a fiduciary obligation to put your interest ahead of their own 100 of the time and that's really important but getting back to number two doing our homework it's not just the finances of it you know it's what's your purpose going to be a great book to help you think about your purpose is a book called strength strength to strength by Arthur Brooks what are you going to do with your time you're going to have a lot of time in retirement and what are the things that are really important for you and just look through the library of videos that that I have on YouTube I've I've covered this topic uh several times and other YouTubers have as well so think about how you're going to spend your time I can share with you high level after doing a lot of reflective work and having guided other people through it right I mean you just can't help but also think about you know how does all of this apply to my situation the four areas that I'm super excited about during retirement is number one having time for relationships I have a mother who's 87 years old lives a couple thousand miles away I was fortunate enough to be able to spend two weeks being a kind of her primary caregiver were my sister uh went on vacation finally it had been the pandemic since before the pandemic that she'd been able to take a vacation so relationships and investing in relationships the time for that I'm looking for or two and all for me all of these are broken into about a four so there's four of these the second one uh is taking taking care of my health doing what I can to stay healthy because uh retirement is going to be a heck of a lot more fun if I'm healthy so uh a fourth of my time on health and then I'm a lifelong learner I love learning so learning is is continuing to learn continuing to take courses uh continuing to just learn new things I've done many things I uh when I was much younger I was uh taking flying lessons and I've actually got the rating that you need to work for the airlines I taught myself how to code this YouTube thing so continuing to learn is important to me and then the fourth area is giving back and and for me that that means things like this YouTube channel right uh teaching and mentoring and coaching and sharing the knowledge that I have uh with people that I think it can help so those are the four areas for me that's what's right for me it doesn't mean that it's right for you um let's see and then the the last one as far as preparing your homework is you know if you live in the United States we have to think about what are we going to do for health care insurance until we're 65 and you know there are people that can help you with that the only financial advisors can help you with that there's Specialists that specialize in this area but there are solutions to that so but do your homework before you make the leap you want to make sure you've got that base covered okay number three uh the number three idea um here that nobody taught you about retirement uh and I alluded to it in the last item which is health is more important than wealth you know really really do what you can we you know we can't prevent cancer we you know we can do what we can we can eat right we can exercise we can do all of those things uh and and hopefully that will help keep you healthy longer and hopefully ward off any of these scary diseases that none of us want okay so just do what you can to stay healthy number number four um is um you you don't have to fully retire right if you have a lot of stress at work um if if you're ready for a change of pace if you're close financially and you want to make the jump you know there there are part-time jobs out there there are side hustles out there that you can do side businesses that you can start uh so if you're close to retirement if you're like boy I'd really like to retire sooner rather than later it doesn't have to be uh All or Nothing there's other ways to make income and the question is you know is is 50 free better than zero percent free on being retired you know could you take a seasonal job and maybe only work three months out of the year I mentioned in other videos when my kids were younger I used to teach a handful of weekends skiing uh at a local ski resort so my whole family would get free ski tickets but there are these seasonal jobs and is it better to be 50 free 80 percent free and work seasonally or work part-time work 20 hours a week in order to get health care benefits things like that so and there's no right or wrong answer it's just you know depends on um uh what's right for you okay number five and I've got a Bonus one here so don't don't uh disappear after number five uh before we get to number five if you're enjoying this video please give me a like uh the thumbs up it does help the YouTube algorithm find other people that hopefully my channel can help number five um is it's okay to have a backup plan you know related to um number four um you know maybe you think you have enough money to retire or you want to save uh a buffer and you're gonna work an extra two or three years to get this buffer uh and you know what having a little extra money having this cushion makes a lot of sense but you got to be careful because one year can easily turn into three or four years um so maybe you're in instead of having that buffer you have a backup plan where you're gonna have a part-time job you're going to have a you're going to create a side hustle if you have to in order to give yourself that buffer if if you get on the unfortunate side of sequence of return risk which is when the market is negative for first couple years of of retirement or in the first few years of retirement because that's when your sum of money is the highest uh it's when you're most susceptible to negative returns and and none of us know if if we're going to get hit with that or not but maybe the buffer maybe the insurance if you will against that is a willingness to work part-time or to create a side hustle business if you do get hit by that okay um and then the last item I want to leave you with and it's it's a saying in my industry um you for many people they don't need more money they just need a plan they need a game plan what are the things that are important to you what are those things going to cost and then how do you achieve those and you know I really encourage you to reach out to a fee only financial advisor and say Here's my situation can you help me think through am I am I close to being able to retire are there things that I'm not thinking about that might allow me to retire sooner rather than later and to find a fee only financial advisor just Google one I keep saying fee only financial advisor because they have a fiduciary obligation to you and that's important so I hope this video has been helpful if you've enjoyed this one I know you're going to enjoy this video up here that talks about the average income for retirees in America and this video down here that talks about five reasons to retire as soon as you can thanks for watching bye bye

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What Retirement Income Puts You In The Top 1%

what income does it take to be in the top one percent of all retirees you'd think that'd be a relatively simple project to research turns out it wasn't so stick around and benefit from the work that I did to uncover these hard to find numbers let's go for a walk and talk about it and you know the first thing I want to observe is that most of us probably would not recognize could not tell by the lifestyle folks that are in the top 10 percent of all retiree income when I get to the numbers I I think you'll you'll say okay I think I would be able to recognize people that are in the top one percent I'll give you a hint it's a it's a much bigger number than than I thought it was going to be okay and and so why is that you know why wouldn't we recognize uh the folks that are in the top 10 percent and it's because like a lot of things in life you know if you look at Millionaires and millionaires lifestyle you know 70 of millionaires in America are self-made made and and most of them most of us uh got there by being you know uh careful with our money and and and being good Savers is as much as uh being fortunate and and receiving a good salary along the way okay so I'm going to start off with what these numbers look like for all Americans and this is from a large data set they say it's the largest population data set uh in the world and the organization is called ipums and this is for all Americans not just retirees so to be in the top well first let's start off with median and and this is household this is household income the median household income uh in the United States for for everybody all ages is is seventy thousand dollars to be in the top 25 you've got to make about a hundred and thirty thousand dollars to be in the top 10 you're making a little over two hundred thousand dollars that the household income a little over two hundred thousand it's two hundred and twelve thousand and to be in the top one percent you're making over five hundred thousand dollars a year now um and the number is five hundred and seventy thousand what was interesting is each of those groups from um 2021 to 2022 so this is a data set uh that they released the results of at the end of 2022.

each of those groups got a raise between 2021 and 2022. unfortunately from the median and Below on an inflation adjusted basis folks that are at the median below uh are actually making less on an inflation-adjusted basis folks that are above the median are making more in 2022 and we've heard this play out in the press okay so so those are the income levels now let's talk about savings and there's a really interesting point I wanna I wanna share with you here okay to be in the um to be in the top one percent of Savers in the United States this is the top one percent if you're between 65 and 69 75 and 79 or over 80. it's to be in the top one percent you've got to have 2.7 million dollars in what's called net worth and net worth is just take all of your assets all of your savings accounts the value if you own a house the value of your house and subtract from it the the the debt that you have on that essentially so you just take all of your assets and you subtract all your liabilities your car alone your your mortgage your credit card debt hopefully you don't have too many of the latter two uh and that's your net worth so uh if you have a net worth of 2.7 million dollars a household net worth uh in the United States you're in the top one percent what I want to point out is you know if you look at the income boy that income is really staggering right I mean the top one percent of income is 570 000 or higher and you know some people will say well you know that number seemed a little low I was expecting that top one percent income to be higher and I I agree but that's like the last person that made it into the top one percent so there's plenty of people in that category that are making a lot more money but think about this you know the the lowest income in the top one percent is almost six hundred thousand dollars right it's five hundred and seventy thousand dollars yet to be the top one percent in savings you just need two point seven million dollars or more um and what that tells me is you know as a society as a country it's no surprise we're not saving enough money and so um it's not enough to make a great salary you've got to be able to to save it but to me that was just staggering that you know essentially that top one percent you know if they were the Savers they essentially have saved um what five years worth of income uh and most of us could not retire if we had just saved five years worth of income right so that just shows just the the importance of living below your means and and saving as much as you can okay let's keep going now I'm going to break it out by decile and again this is household this is according to the Congressional research service so the the lower quintile so there's five groups the lower one-fifth the lower 20 percent of Americans are making under twenty two thousand dollars a year then the next group up from that are making you know between that twenty two thousand and forty thousand the next group up to that is is making between forty thousand and sixty five thousand um so you can see that you know eighty percent of Americans households are making less than sixty five thousand dollars a year now I haven't got to retirement that's coming up here really soon um let me get to the top quintile the top quintile households in America are a little over a hundred and ten thousand dollars let's call it a hundred and eleven thousand dollars okay so now let's get to what I finally was able to find out so I've shared a lot of info information here and I think many of you are listening to this this uh these numbers and saying you know what I'm doing okay you know it's hard to get that high high salary but if you're saving and if if you're uh spending less than you earn if you're saving that and then importantly if you're investing that remember it's not enough to just save you have to invest it you have to get compounding working for you so a lot of you I think are looking at the at least the savings number and saying yeah we're doing okay we're doing okay and I hope you are I hope you are okay so now getting on to the uh uh the the top income in retirement uh and before I get there if you're enjoying this video take a quick second and hit the like button it really does help the algorithm uh find other people that this this video uh and my videos can help okay so um I'm gonna break this out the top 10 percent the top five percent and the top one percent so people 65 to 69.

Now this is people that are working and not working top ten percent is two hundred thousand top five percent is two hundred and sixty thousand top one percent is essentially one million dollars okay so that's 65 to 69 and now for people 70 to 74 numbers come down a little bit top 10 percent is a hundred and seventy thousand dollars top five percent uh is 260. is that right yeah 265 000 and and the last number is a million dollars so retirees to be in the top one percent of all people 65 and older you need to be making a million dollars a year just to put that in perspective that rule of 25.

if that's what the uh if that's what the income is then they had they'd have to have 25 million dollars in savings by the the rule of four percent I hope you found this video helpful if you did I know you're going to like this video up here that talks about average income for retirees in America in this video down here that talks about five reasons to retire as soon as you can thanks for watching bye bye

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25 Tips for Ensuring a Happy and Strong Marriage in your Retirement Years

retirement can redefine your marriage For Better or For Worse Better or Worse did I say that to us when we got married I think for did I make that vow I don't think so oh come on oh maybe but this new chapter retirement brings both opportunities and challenges to your relationship you know while divorce rates are down in the US gray divorce which is divorce over the age of 50 is on the uptick we don't want you to become part of those statistics no this video is going to be great we're going to give you is it 25 tips for a healthy marriage in retirement in retirement and I want you to pay attention to this I'm going to and me too all right now if you're new here my name is Mark and this is my wife jod and we don't focus on the financial aspects of retirement but rather lifestyle Health relationships and more so if you like this video and you like watching us please hit the Subscribe button and the notification button and we would be forever grateful if you could share this with someone that you care about who who's on their retirement Journey too so I don't know if we've got you know um I can't think of a story that really resonates with listen we know people who got who get divorced you know they they retire One retires and the next thing you know they're divorced and it's probably because they spent all their time apart then they're together and it's um it can be difficult well I also think you know as people are together for longer and longer periods of times without good healthy communication people change and you either need to acknowledge and embrace the change or discuss and discourage the change whatever your thing might be but but you know it all it all comes back down to how important that core unit is yeah and I think that I think that for sure the the marriage that you had when you began was super special that's why you got married and then you had maybe you had children you had your career years and now it's time to rebuild it because times are different and you want to have a good healthy happy marriage for sure and that's what this video is all about absolutely now before we jump into the teaching there's a quick download that we'd love for you to look at if you haven't received it yet on the downsizing dilemma it's one of our most popular downloads so take a look at that because that's something that comes up in a marriage discussion as well once you hit retirement so and you know stay till the end because we're going to give you five action steps to begin the process of building your stronger marriage that's that's key you're going to love that so what's the first step or the first thing we want to talk about for a healthy marriage I feel like this is the first step in quite a few of the videos we do especially as you're in retirement or entering into retirement and it's really communication you know communication is key establishing daily check-ins you know sharing retirement expectations and goals discussing any changes in roles and responsibilities that may come up and also addressing any unresolved issues and addressing them calmly right well so yeah so well yep so well so I'm just trying to think communication and we like you said we do a lot of this this is so important and some people don't even let the conversation start and that's bad they hold back I think men in particular they're afraid to be vulnerable with their wives because they don't want to they're afraid of how you might react let's say so they don't really want to open up how they feel right but this is something we all need to get over to be able to in a kind caring slow thoughtful way share with your partner how you're feeling share with them what you're concerned about share with them what right what what you can do for them today we have daily check-ins every morning we have coffee together for 30 minutes around yoga and cycling and my exercise and walk in the dog 30 minutes a day we kind of establish where are we how are we feeling how are we showing up how do we help each other out and sometimes that 30 minutes gets away from us not going to lie with um social media pressures YouTube comment responding and you know so we do our check-in I don't know if I'd give us the full 30 minutes anymore I feel like that's really cut down to maybe 15 or 20 one cup of coffee and then we got a roll well we should fix that yeah we should because because that's important yeah and we want to be honest about what we're really doing so yeah so I mean here's a here's a little tip if you're just retired or whatever spend 30 minutes each day checking in with each other it's a good one all right Second One Financial transparency typically one or the other of the spouses handles the money right there now needs to be complete transparency with both on how much money you have how much money is coming in how much money is going out what your big expenses are understanding each other spending habits you know on Amazon or wherever you know you just you need to really be open and transparent about that and not not withhold anything well and I think it's it's important because you want to plan for any unexpected expenses right you want to talk about any Financial fears or insecurities you might have and then maybe even consult a financial advisor together you know but really fully creating the space where you know everybody you know let's just all talk about what we're spending and what we're spending it on is a really good first step well and particularly if you both retire at the same time or One retires early there's not the same amount of money coming in right so there can't be the same amount of money going out that's got you've got to curtail your expenses and that's a hard conversation to have no one wants to be told we can't afford that or I don't like you spend so much money on that so but you have to be open about it and you know it's funny the third thing is a lot of um couples that we spoke to talked a lot about having Shar shared an individual interest as one of the key cornerstones to cultivating a really healthy marriage as they age you know some common activities and hobbies they respect and support also though their individual interests or needs so we have pickle ball MH we have golf you have your own golf mhm I have yoga you have yoga I have cycling so that's we have some stuff together and then you know we dinner time when I'm cooking Jody's helping me or you're cooking we're kind of in the kitchen together so I think it's just you know versus you do your thing I do my thing and you know we meet at the end of the day yeah no so you got to really balance togetherness and Independence yep and encourage each other to continue to grow and learn and and try new things you know a lot of times we have couples that one has a ton of hobbies and interest and one doesn't have any so you know it's really encouraging each other I think at the same time so as we age um our health and wellness becomes more important so number four is sharing doing building a life around health and wellness together and that means exercising regularly together adopting a a healthy diet as a couple making sure we both go see our doctors and we actually have the same uh skin doctor the same GP the same uh naturopath doctor so we go together right um you know I drive Jody sits next to me or do you sit in the back I drive Miss dais I would love that that could be Miss Daisy I think that um doing that together and being open and honest about what the doctor says right and Shar you know talking about medication prioritizing sleep and rest that's got to be an open part of your discussion again this is about having a healthy marriage right and it's hard to PRI prioritize sleep and rest if you're on different schedules you know Mark is a super early riser 4 in the morning I'm more of a six o00 girl um um so you know you like to get into bed a lot earlier I commit to getting in bed at the same time as you but then I want to read because I can't go to sleep that early so it's just really having again that conversation I think the next one which leads into uh quality time and romance planning regular date nights even in retirement celebrating anniversaries and special occasions showing appreciation and in and affection every day how do we do that well when we wake up in the morning you're already awake I wake up and come out I walk the dog and I always come in and give you a kiss yeah before you brush your teeth I do driv are crazy bad it's a tight kiss it's like this I'm a teeth brusher I like a good teethbrush well to your point you know um you reached this phase of life and maybe the romance is gone or it's the flame is not as high you really need to reignite that flame you need to work on it and if you need listen if you need therapy you should get therapy but if you want to help healthy romance you need to have quality time together healthy marriage you need to have quality time together and you need to have romance I mean you need to if you have to schedule can I say sex sure if you want to schedule sex to have sex schedule it we did a great video on sex after 60 or something yeah with a therapist a therapist and she at the end said listen if you're having trouble with sex and it's not happening she gave us exercise at the end get in to bed together naked touch each other all over but it can't seexual right have we done that yet I I don't know but you you went there really really fast I just thought about it for people who are stuck here because you're watching this video and you're think we don't have any romance don't give up right don't give up give up for sure for sure okay uh the sixth thing would be navigating social changes right building a Social Circle with other retirees staying connected with family and friends volunteering and engaging in community activities all of these things to address any feeling ings of loneliness or isolation you might have even hosting Gatherings you know into your home together so we're having dinner tonight with friends that live across the street another couple and they become sort of our group therapy couple because we're really open about our marriages and our struggles and some things that we're doing new you know that that's like unheard of but we are so comfortable with them and comfortable with each other we're okay sharing and they're okay sharing and it's really nice to have another couple that you can talk openly about your relationship it's true right yeah that's true yeah for sure all right number seven continuous learning and growth this is really important a lot of people think I'm done with my career and I'm just going to sit back I don't really need to learn anything gosh there's so much you can learn or relearn or unlearn the wrong way and learn the right way you can take classes you can do workshops together share knowledge we're always always kind of quizzing each other on on what we're learning the big word for this curiosity yeah stay curious curious and open to new experiences you know I hate playing cards I hate games I really do you can just ask our kids cuz they ask him all the time so we had dinner with these couple we're seeing again tonight couple a week ago and said you guys want to come over at 5:30 for pizza and play cards I'm like the pizza part I like I actually had the greatest time ever playing cards I didn't want it to end I know and I went in there with a different mindset I said you know what different experience everyone around me all my kids they love cards and I don't right it's not wrong with them it's wrong with me so this is still under the continuous learning learning bucket so even a card game is a good thing well 7A right between seven and eight is learning how to play cards there you go so we know we have to put it in there 28 y um you know adapting to a new home Dynamic you know you're both there full-time now that's different right it is different you need to redefine household responsibilities and kind of create your own personal spaces within your home and discuss expectations about home life you know does one of you like to watch The Morning News and the other wants to read the paper in quiet well back in the day one could go to the office and read the paper and the other could you know get dressed while the news was on or whatever it might be but there's going to be big changes and really need to navigate those changes inside your daily routine and talk about it so when your Dynamics are a little when you're a little at of sort you're at home and you're at of sorts with what's happening what your wife or husband is doing you have to find um time and space to address any conflicts promptly right I and constructively I was always the worst if things weren't the way I wanted them to be and they were out of s sorts i' withdraw into my cave and I would go in there and I'd shut down I'd be quiet that is the worst thing that I ever did to you I don't think I do it anymore at all maybe 10% but I used to go 120% all in and you'd say to me all day you okay I'm fine you're kind of quiet I just don't feel like talking but the difference was our home Dynamics were changing and you weren't really was I wasn't yeah what you were concerned about I wasn't addressing the conflict properly so now something happens I say hey I want to let you know how what you just did made me feel not looking for a response and just open up a line of communication the ninth thing would be respecting and understanding each other just kind of in a broad C category right acknowledging and validating each other's feelings being patient with each other to any adjustments that is required As you move through this transition yeah and I think cultivating um a feeling of empathy and compassion is really important and respecting each other's viewpoints we don't agree on a lot of things but I respect your Viewpoint and you respect mine and then we decide what we're going to do going forward and honestly I think that practicing forgiveness if you cannot forgive your partner for something they did 10 minutes ago or 10 years ago you're going to carry that around and it's going to be a wound that's going to prevent you from really getting close again I age so I agree I'm not great at forgiving you're really good at forgiving do you forgive me for all of my sins do I know all of your sins well to you oh yes oh good so Lu we started fresh I'm glad I'm glad we got to this one today no I'm again I joke around a lot forgiveness is really important we're going to make mistakes we're going to say stupid things going to we're going to be a jerk sometimes and I think you just need to apologize own up to it and forgive the other person okay the 10th thing is future plan planning really discussing long-term goals and dreams you know plan for any potential health issues that one or the other of you might have consider your living arrangements later in life what do you both Envision that to look like you know update your Wills your legal documents and talk about any Legacy and Family Matters talk about them early and talk about them often and talk about them together right you don't jod has three daughters I have three sons you know we we we have I talked to my boys about certain things J talks to her girls but anything about future planning trips Legacy Family Matters Jody and I talk to them together it's really important to be United on that particularly with a blended family 100% for sure all right so there's there's a lot of change in this phase of life so number 11 is embracing change together you know accepting the change that retirement brings you're both home home now you're both there all day long and you need to be open to adjusting plans and your expectations and gosh you got to have a lot of flexibility right yeah and you have to really realize and we all need to realize as this huge generation of us is embracing and moving in through the transition of retirement that it is one of the top 20 most stressful events you'll ever go through in your life is retiring oddly enough so you know celebrate this new phase of life together and support each other through the transition even though you might not be at the same phase yeah you know I think that uh we talked about health before and we talked about Legacy and talking about embracing change um taking care of each other as we age you know one of the things that maybe we haven't talked enough about really is what if one of us gets sick right yeah you going to take care of me of course I will oh good no but I think that's important because all of a sudden it's upon you yeah and you haven't talked about it now it's kind of a shock right um so I think that's that's really important um number 12 effective conflict resolution again for me I was really bad at this I'm a lot better but when there's some conflict really need to develop healthy ways to address disagreements you can't blame um you want to focus on Solutions right you really don't want to blame the other person okay something happened what can we do to fix it right and you have to practice some active listening skills right where you're asking questions along the way not closed-ended questions but open-ended questions and really showing empathy for what the other person's going through and feeling free to take a time out if this discussion gets heated Mark will do that sometimes he'll say up I'm full I had enough we're going to have to pause on this and I'm right mid stride and you get mad at me I do because it's hard because I'm I'm a task completion person so I'm ready to just work it all out and you need more time than I do so working towards compromise for Mutual satisfaction I think makes a big difference there's a couple I know that have a code word I honestly think it was my brother and his wife but there's a code word so when things are getting heated things are out of control they had a code word that they would say one of them would say and that just kind of said okay it's time to take a break instead of continuing the yelling or the screaming or the pushing or the blaming just saying you know what I this isn't working right now I want to come up with a solution but we're headed in the wrong direction let's take a little pause well I know our daughter Evan and her boyfriend Hayden have a conversation where if it's going in a wrong direction one or the other will say let's roll that back oh and that gives the person a chance to roll back the direction or what does that mean like a undo what you just said no not undo it like like let's let's roll that back because this isn't going in the right direction and they can then have a conversation about redirecting the conversation I thought it was a good Str again this is about healthy marriages healthy relationships so these are all good tips and good ideas and the 13th one we kind of discussed a little bit earlier but maintaining intimacy and closeness prioritizing your physical and emotional intimacy which I think is really as important as the physical intimacy you know CU as you get older your intimacy needs change and be open to new ways of expressing love and kindness right scheduling regular time for intimacy which I think you already talked about when is that Sundays at 3 and um is that when it is I don't know got footballs on I don't know if that's I tell you what it's today at 5 um but also seeking professional help you know if you need to face some challenges together don't be afraid of getting therapy right either individually or as a couple if you've been together for 20 or 30 or 40 years gosh don't you know this whole saying about the grass is greener on the other side it's so true and do the best you can to work through your problems but get some professional help if you need it the other thing you really need is a supportive Network right and again I talk about a couple across the street he's a great guy for me to go to he understands me he understands jod he understands our relationship I can talk to him about something I'm struggling with with jod and he's really good at just saying you know not really saying a lot just listening so building a supportive Network for yourself and as a couple I think is important yeah I think to really maintain friendships that enrich your marriage right support your marriage you know connecting with individuals or other couples that are in the Life same life stage as you participating in community or religious group you know activities you know that you can do together you know and offering support to friends and then accepting that support back in return I think is really important during this stage and I think the children too you know our our children are adults now you know my sons are 30 I'll get this wrong 38 36 34 more or less they're they're grown young men yeah they are and they do provide a a supportive Network for me we don't share like when we're struggling but just to have conversations with them is helpful too and you're really good with your daughters yeah but I I think with the girls I actually do share when I'm struggling because I I value their perspective so that might be well a new layer for you and the boys well maybe me a new layer for the girls and I cuz I'm picking up um Maddie tomorrow uh at the airport and I'll be with her for an hour and a half so I could check in with her on what you're telling her okay is that what we think is that how it's going to go all right setting personal and Joint goals you know um a healthy marriage needs growth it needs uh fun it needs excitement and you need to have some goals as a human being and as a couple so we do a lot of individual goals but we do a lot of joint goals we do we do and celebrating those achievements big and small keeping each other accountable and motivated you know is uh It's Tricky but it's something that I think really supports this one about setting goals and celebrate achievements you know I had a I'm almost finished with my book and there's been a whole bunch of different achievements and you've been my biggest fan yeah well I'm excited for it yeah I am too but you know I think I think keeping each other accountable to their goals too and being motivated is really important okay here's one we're struggling with we struggle with this one I'm surprised it's number 16 well it's not in any kind of order but managing time effectively we gosh you know we have this business we love it YouTube Channel's doing great uh but you know balancing personal time couple time so couple time for us is pick a ball Tuesdays and Thursdays and golf on Thursday and we're missing out on that right now yeah we got the puppy we little Ruby which helps but you've really got to spend some time at this and allocate time for relaxation and Leisure right for each other and alone time and and really prioritize the tasks and activities that are most important and everything can't be important right and then also be flexible to some spontaneous plans I think that's where we really fail I love spontaneity did I say it right I think you did spontaneity um 17 enhancing your emotional intelligence This falls under communication but really work on understanding each other's emotions when when I see that you are I'm going to say wound up or stressed or anxious it's because you're concerned about making sure what you're working on people will appreciate and and that it'll be the best that you can deliver and that's a great thing that you feel that way but I know it takes a lot of energy and I'm getting much better at recognizing that you're not stressed out you're not mad you're not angry you're just trying to make something really good for somebody else right right and I think learning to express that constructively really helps because sometimes when you just say you know like well what's a matter and I'm like well nothing's the matter I'm just deep into a research project or I'm deep into writing a script or I'm deep into you know trying to find a new book that we can you know help you know with clients or whatever but sometimes when you just say what's the matter it puts me on my heels for sure you like this is kind of like us kind of revealing it's like doing therapy with a camera exactly they're not saying anything I know leave the comments below let us know what you think but the other thing is that Jody and I are getting really good at and we're you know listen we're we're a work in progress defin we're a work in progress but we're we're study this stuff for ourselves and for you but recognize and appreciate each other's strengths and we're getting so much better at that I kind of give you free Liberty on what you're good at and I don't worry about it right and then we try to engage in activities that boost our emotional well-being you know we sometimes we meditate together we journal in the morning at the same time so here's a big one for couples you know trying to stay together and happy and that is really handling health challenges together you know really being prepared for age related health issues support each other through any health setbacks share responsibility and Health Care Management and stay informed about each other's medical needs you know this is the way to encourage a proactive approach to health and wellness and I think we we spout that a lot well we spout it but we haven't dealt with it we're very fortunate that both of us are healthy and there there's some minor things but nothing really bad knock on wood but someone left a comment on YouTube just uh this morning she just retired she's 62 her husband is 20 years older and because of that her they've been married for a long time because of that her dreams of traveling now have kind of vanished and she's struggling with that right and so so things like that can happen to your to your relationship if one of you does get sick and they can't TR so you really need to have backup plans or or talk ahead of time that you know if you do get sick we're not going to travel I'm fine with that yeah my sister-in-law's mom does that her husband can't travel for some health related issues and she goes everywhere but they agree upfront the things that he can do locally they do together and then the things she does abroad she does with girlfriend that's such a great example we should really add that comment for that couple because there's something a 62 and an 80-year-old can do together right and the younger partner can still do some stuff alone absolutely I love that absolutely all right continue to Foster mutual respect for each other you know this feeling of uh oh I don't know taking advantage taking for granted yeah is that what what you making Google I again no but you really want to stay consistent with your respect in words and actions appreciate each other's contributions to the relationship yeah and really celebrate each other 's uniqueness right practicing kindness and gratitude for each other every day even on Small Things y you know this morning Mark made the bed I'll be honest that doesn't happen a lot not what do you mean well I usually 20% of I'm last person out of bed so I figure I'm the person to make the bed but this morning you made the bed and it was really kind and I was very grateful my friend John won't let his wife make the bed cuz he makes it so much better than anybody he does it tight he does it tight does um all right come on on number 20 plan for the unexpected so plan for it at least discuss it right so discuss and prepare for unforeseen events financial problem a health problem a death of of uh a friend and you need a continuously plan for emergencies you really have to be you have to talk about everything that could potentially happen so at least you've talked about it and when it happens if it happens you're not totally taken by surprise and really just stay adaptable to life surprises right this time of life there will be some surprises but building a support system with you and your spouse together for tough times you know really really helps and it helps you maintain a positive outlook through all those challenges and this next one is really what's saved our marriage really cultivating a sense of humor I'm the class clown I'm the Joker I create all of the happiness around the house because I get you to laugh every day you really believe that no but we do push ourselves on sense of humor look we're laughing now laugh together regularly see I just did I think it's more important Mark does think he's the funniest man alive you know he'll always say I'm so funny and I'm like yeah where that one didn't land but I do think it's um important not to take yourself so seriously in this phase of life especially if you're trying new hobbies trying new activities trying new things trying new groups trying new religious whatever you're trying that's new you may or may not be good at it so don't take yourself so seriously here's what I do and it does get me in trouble I use humor to diffuse tension if there's tension I'll try to crack a joke sometimes it works sometimes it doesn't because sometimes I'll crack a joke and you'll say I can't believe he just said that right I'm trying to be serious but I I I feel tension and you know that's what I or sometimes you'll just do that laugh well yeah sometimes I just start laughing he just starts laughing and we're in the middle of like a like a tough topic and he'll just start laughing and then I just get incensed and just crazy so and I'm laughing because you're nervous I'm nervous plus I'm thinking maybe she's explained it enough when is when is she going to take a breath give me a chance to weigh in thanks so much that it could be that all right number 22 sharing responsibilities equitably right so dividing some household chores this is important as you are going to spend 7 days a week you know 24 hours a day together dividing chores fairly discussing and agreeing on decision-making process around different things and both of you showing financial responsibility yeah during this phas I think that's a pretty easy one to get your head around but it's something necessarily you have to communicate about it if someone thinks they're doing more of the household chores responsibilities than the other you need to say that right I mean I feel badly that you make the bed every day like you just said on YouTube but I I I'll I'll do it more you what I don't know I'm glad you make the bed when you make it but I made it today and I think I did a good job almost to the end all right practicing gratitude and appreciation appreciation so I journal every morning and I write down my three gratitudes my first one is always jod with a hyphen and something about her I'm grateful for and I know you sneak and look at it sometimes cuzz you live little heart signs and you leave little notes but listen I practice gratitude every day with jod and it's helped our relationship a lot when you really screw up which is rare but you have doesn't matter anymore our relationship is bulletproof I wonder if we should do a whole YouTube segment on when jod screwed up I'd love to see what very rare very rare everyone but no and ALS again I'm joking practicing gratitude and appreciation for the other person is important it doesn't hurt it's not not that hard to say thank you and it doesn't have to be big acts it can be small acts of kindness thank you for making the bed thanks for emptying a dishwasher thanks for cooking dinner right right that's what I want to hear more of okay um keeping a gratitude Journal together I haven't really looked in your Journal you have it am I in there you're in there you and little rucious all right number 24 investing in personal development you know I think it's important and we've done some research that it is important to encourage each other's individual growth you know supporting the new hobbies or educational Pursuits that one or the other of you might want to do and share some learning insights with your partner as you go along the way we we're the king and the queen of this we are so into personal development we can't wait to get our hands on a new book that someone recommended to us we do a lot of reading for you guys I mean all of these these 25 came from books and research so we invest a lot in personal development not money but just time and we share it with each other and we challenge each other it really is helpful all right so here's number 25 and then stay tuned because we have the five action steps we're going to leave you with celebrate your milestones and your retirement achievements celebrate your retirement mileston Milestones yeah we're married uh 14 years it's past August coming on 15 next year I'm 67 you'll be 40 2 I'll be 42 I love that idea I know but I think reflecting on your journey and your grow together is important and we do talk about this a lot we've come a long way from 15 years ago or 17 years ago whatever and you know we're always readapting rethinking about our future milestones and and and really these retirement experiences that we're having we try to share them with each other you know whether it's hey I'm really nervous I'm joining a ladi's golf league I you know I'm not a great golfer I'm just a learner but and I don't know a person there and I'm nervous but I shared that with you in a vulnerable way um you know you said you know just go get them but go get them go get them you go you got it you go you got it but um okay so here are the five action steps five action steps you can take to build a healthy marriage first one can't say it enough open and honest communication you want to schedule regular uninterrupted uninterrupted time to talk about your day your feelings and your concerns and the other person needs to practice active listening empathy and understanding and again show your appreciation and gratitude every single day I agree number two is joint financial planning we don't do financial planning but reviewing and adjusting your retirement budget together being transparent about spending habits and financial goals and plan for any long-term needs including your health care needs these are really that's really important to do and I think it's it's an important step for everyone it is shouldn't be any undisclosable your financial situation no surprises number three prioritizing health and wellness cannot emphasize this enough communication knowing your finances and being Health um health conscious is really really important we we have a joint exercise routine you know pickle ball and golf and golf isn't really exercise but we do physical activ together we eat together so we adopt a healthy diet we walk together we go to the doctors together um we support each other with our medical concerns and you know we do stress reducing activities you do yoga I do meditation mindful walk so prioritizing health and wellness will lead to a healthier marriage and the fourth thing is to cultivate those shared and individual interest is interests you know identify hobbies and activities you can do to together and encourage and support each other to pursue individual passions I think we talked about that one enough but that's a really important one number five this is it might be hard for you guys but regular relationship check-ins we do it every day we check in with each other every single day I'll admit this morning was a little bit rough this morning was a little crazy a little rough rough um and you know we didn't really get a chance to talk about it but we kind of aired it today on on here so I feel better you know I didn't get a kiss this morning but that's all right but celebrate your accomplishments and Milestones in your marriage revisit and revise your goals but gosh just have a check-in on how you're doing as a couple so listen we covered a lot here today and we hope you made some notes and have a good list to start working on your marriage together so if you like this video this next one don't make these marriage mistakes will be great to watch we outline all the mistakes that you can make that you shouldn't and it really complements what you learned here today so watch this next

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401K To Gold IRA Rollover Guide: 401k To Gold IRA Rollover Review

Invite to your: 401K to Gold IRA Rollover
Overview. I needed to ask myself the concern, simply like
you'' re probably asking yourself right currently, should I transfer or rollover my 401k to gold
and silver priceless steels? Is this great for my retired life plan? Additionally like you I'' m concerned regarding having sufficient
income for my retired life. I really feel that despite having a top ranked common fund
or a pension managed by professional solutions, I can still lose large, like in the
past with all as well current major losses I suffered in the financial markets and housing markets
over the previous one decade. So why am I considering a 401k to gold IRA
rollover? The most noticeable reason I am transferring
my 401K and individual retirement account accounts to priceless metals such as silver and gold is due to the fact that they are
not depending on stocks or bonds which are the just various other options for normal IRA account. The federal government allows us to have an individual retirement account that
is back by priceless steels if the priceless steels fulfill a specific criteria.The most secure rate and rare-earth elements are silver and gold.
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You can do this it anytime within existing individual retirement account, as long as the possessions are moved from one custodian to one more custodian. In a” straight transfer “, the cash goes straight from one IRA custodian to one more individual retirement account custodian. It “' s crucial to know that you can make these transfers as usually as you wish. It ' s crucial to utilize an official gold individual retirement account business such as Regal Assets, who has actually aided arrange hundreds of these 401K to Gold Individual Retirement Account Rollovers and transfers for their silver and gold customers. You ' re 2nd alternative besides a” transfer”.
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Kids | Retirement | MassMutual

So, who's it gonna be? Tom? Could be Danny. Guess it's on Maggie. Should we have another one? Talk to us about retirement today,
feel comfortable about tomorrow. MassMutual..

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Is 1 Crore Enough To Retire? How to plan your retirement?

Hi friends, welcome to Yadnya investment academy. We are going to talk about a topic of financial planning on Friday. And today's topic is very interesting. Because this question is asked regularly on many social media channels and workshops. That people have an amount in their mind that is 1 crore rupees. We think that if we have 1 crore rupees, our life will be good. So this question remains in the mind that if I have 1 crore rupees, can I retire now? Am I financially free? I don't have any tension of retirement now. Now whatever work I am doing is extra. So that 1 crore rupees is enough. And if you have retired now and got EPF money and total is 1 crore is it enough for you? And if it is enough or not, how much can you spend in both questions, when is enough and when is not. We will touch on all those things in this video. I will explain everything through a calculator. You can check that calculator on our website investyadnya.in as well. We cover many topics of financial planning in this session. If you want to make your own financial plan, then go to investyadnya.in website There are many products related to financial planning.

There are 1 to 1 sessions as well. You can check that out. Now I am going to my website and I am sure you can see my screen. If you go to the tool and calculator, here you can see the retirement calculator. I don't think you will get this anywhere else. Now the question is, suppose I have 1 crore rupees, is it enough for me to retire? First of all, I will be asked what is my age? I am just giving an example, 50. Suppose I am 50 years old, what is my life expectancy? It is important to know when you will be retiring. I think we should keep it around 90. I am keeping it at 90. How much is the expense now? If you are retiring and you have 1 crore rupees, how much do you want to spend? What is your monthly or annual expense? Suppose I am thinking that I have 6 lakh rupees. I have put 6 lakh rupees here.

How much inflation are you assuming? How much will my expenses increase every year? If India's inflation is around 6-7%, then you can assume that. Suppose 7% inflation till the end of life. Current asset, how much money do I have? I will put 1 crore rupees here. I have 1 crore rupees here. I will put that here. How do you invest this 1 crore rupees? How much return will you be able to earn? This is a very important question. What type of investment do you want to put? Do you want to put it in PPF? Do you want to put it in Senior Citizen Savings Scheme? Or do you want to put it in FDs? Or do you want to create a portfolio of Mutual Funds like Hybrid Equity Funds? This is very important.

Let's take all the scenarios. Suppose I want to put it in FDs. I don't want to do anything special. I will get 7% return in FDs. Whatever is the post tax. Or whatever you think. You get 7.5% but let's keep 7% for calculation. Let's keep 7.5%. Let's keep 8%. We have put it in bonds, Senior Citizen Savings Scheme. And there is some money in EPF. So, we have kept some money in equity. So, my 8% will earn 1 crore rupees corpus. Which is 1% over inflation. I have taken 7% inflation and 8% returns. I have to put these 6 fields first. If I submit this, My retirement corpus is in deficit of 1 crore. This means that I need 1 crore more to develop this scenario.

If I am 50 years old and I have 6 lakhs per month. And 7% inflation. And 8% growth. I need 2 crores. 1 crore is not enough. Now, let's change the scenario. What should I do if I am not able to do it. I can either reduce it. I don't spend Rs 50,000 per month. I can do 30,000. Then we can change the amount. We have done 36,000. And then we have put this change. So, 21 lakhs is still less. So, basically it will come to 3 lakhs. So, now our retirement corpus is only 67,000 less. So, I can spend 3 lakhs per year. If I can spend Rs 25,000 per month. And if I take 7% inflation. And 8% growth. Then 1 crore is enough in 50. If I spend 25,000. If I spend 50,000 with same scenario. Then I will need 1 crore. Now, you will say that I invest in mutual funds.

I know investing well. And I think that my corpus can earn 10%. If 7% is inflation. Then I think that my corpus can earn 10% per annum. Like our approach. You must have seen many videos on retirement. If you want to understand anything. Then put it in the comment section. If I think that I can do 10%. So, let's try it on 6% after spending 3 lakhs. So, now our corpus will be 47 lakhs. So, it means that I can spend 4 lakhs or 4.5 lakhs. So, 4.2 or 4.3. Means I can spend around Rs 35,000 per month. If I can earn 10% return. Now, you will say that I have already retired. I am 60 years old. And now tell me what is this scenario. So, in that I can spend 50,000 per month.

So, in 60 years also if you are earning 10% return. Then there is a deficit of 24 lakhs. If this scenario plays. You say that I have inflation. I don't spend much. 50,000 per month. Next year, I will grow according to 5%. Then it is good. 5% inflation, 10% rate of return, 1 crore rupees. You have enough. You have just enough. So, you can spend 50,000 per month. If you are 60 years old, you will get that money for 90 years. Now, there is one more thing.

Many people think that I have a pension. I have a house. He is giving rental. Or I am getting pension. Suppose you are getting pension of Rs 10,000 per month. Means it comes more than that. But I think 10,000 per month. So, I am getting a pension of 1,20,000. And we will make it 7 again. Is there any growth of pension? It seems that 2-3% growth is there. So, let's grow it by 3%. Till when will the pension come? Will it come till 90? Will it come till life expectancy or will it come soon? Many times, for limited time, money is going to come.

So, we sell those things. Rental is going to come. I have to sell that house after 10 years. So, you can put that also. So, I have to get pension till last. Till 90. So, then in 6 lakhs, 7% inflation, 1 crore, 10% and all. So, then almost I am there. Means 3 lakhs is the only deficit left. So, in this way, you can find out that the money you have, is it enough for your retirement? So, now you can change the amount. If you have 2 crore, 3 crore or 50 lakhs, then you can change the amount.

Accordingly, you can find out how much expense I will have after retirement, my work will go smoothly till life expectancy which I have planned. So, this will be very very helpful for you. So, if you like Calculator, then do share this video with everyone. I think this will be very helpful to many people in retirement planning. And from the perspective of financial freedom also.

And if you want our financial plans and personalized approach, if you want to understand how to get 10% rate of return, or what all I can do after retirement, then you can go to our website and call our customer service, sales team or relationship team. You can WhatsApp or call or email. And then we will reach out to you and we will surely try to help you on those things. That is all I have. I hope, do subscribe more. Because the topics of financial planning are not going on much. So, do subscribe and like the video if you like it.

Have a great time, friends. Jai Hind..

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Suze Orman’s Ultimate Retirement Guide

Can you all live The Ultimate Retirement? You can. (man) From the New World Center in Miami Beach, acclaimed personal finance expert Suze Orman provides essential advice to make your retirement more successful and secure. Every little actionthat you take can makea tremendous difference. It's never too soon to begin. Fear no more. (man) Join us for Suze Orman's 
"Ultimate Retirement Guide." Please welcome Suze Orman! [loud cheers & applause] Thank you. This show is called "The Ultimate Retirement Guide." A very interesting name for a show, isn't it? 'Cause can you imagine, can you just envision, what is your dream of an ultimate retirement? What do those words mean to you? What is so interesting is that yesterday I was talking to somebody, and I asked him, "What does an ultimateretirement mean to you?" And he answered in a veryincredible way; he said, time to be with my family,time to see friends, time to do thingsthat I've never done before. He did not say one thingabout money at all. Then I thought,now that's interesting, and I started to goto every single person, "What does ultimate retirementmean to you?" "What does ultimateretirement mean to you?" I even today, asked my 
makeupartist and my hair person, "What does it mean to you?" And the majority of the people either answeredlike the first person did, I'm going to have timeto go see my family and my friendsand do things I want, or they answered,"I have enough money, I don't have to worryabout money." So that'swhen I put it together, believe it or not that, if you have your money 
together,all you care about is what you're going to dowith your time and how to connectwith those that you love.

If you do not haveyour money together, then the answerto that question is about money. I want to have money, I want 
to be able to pay my bills, but they didn't at all mention about what they want to dowith their life. The ultimate retirement is about your life being onethat you enjoy, that you love waking upevery single morning to, that you love to seethe sun rise and you love to seethe sun set, versus oh another day, oh I have 
todo this, I have to do that. So I ask you, what isyour ultimate retirement? Ask yourselvesthat question right now. And I'd like to know how manyof 
you out there are on track to reach what you consideryour 
ultimate retirement to be? How many? Please raise 
yourhands if you think you are.

In fact, don't raise your hands,stand up. If you're on track to 
reachyour ultimate retirement. Alright, stay standingfor a second. Now I want you to lookaround this room 'cause this isa very sad picture. This is not 50 percentof 
this room even standing up. This is not even 40 
percent,this is like 20 percent of the people in this roomare on track. That means 80 percentof you are not.

You can sit down, thank 
you,I'm happy for all of you. But by the end of this show,I 
hope I'm going to be happy for 100 percent of you because here's what you have gotto understand. If you are not on track, thenthe 
question has to be answered, why not, and what can you doto get on track? Because every single one of youhas what it takes to achieveyour ultimate retirement. I look around and I see 
thatthere are people in this room that are older and there 
arepeople who are younger. I just want to say, for those of you who are youngerin this room, you have to know that now isthe time to learn from those who are older. Because it is never too soonto begin to achieve your ultimate goal. And isn't it truethat the reason that you work every single day is so that one day you couldretire from working? That is supposedlywhy you all work. However, my goal for all of youis to love working or lovewhatever you're doing, even in your retirement years that you continue to do it. You know,today it's very different than it was 40 years ago when I first started asa 
financial advisor in 1980.

Can you believe that? 40 years ago. How old was Suze Orman40 years ago? [laughter] Who cares about 40 years ago, let's talk about how old I amright now. As I stand in front of you,I'm 68 years of age. [applause] No… Wait a minute,there's something wrong when somebody applauds youfor how old you are! [laughter] But here's what's fascinating about that. I never thought I was going to be 68. Did you ever think that you 
weregoing to be almost 70, or you were going to be 50? Or do you remember being like 
in your 20s or in your 30s and somebody in their 60swould be talking to you and you'd go, god, they're 
old,[laughter] they're really old. And you go,oh, I have a long time, and then all of a suddenyou wake up one morning and here you are, and you 
arealmost 70 years of age! That is a big deal! And I don't know about you,but 
it freaks me out. [laughter] It freaks me out, and 
becauseI love my life so much, that means I don't havea lot of years left really to live everythingthat I love doing.

But you know what I mean,but that's a reality that starts to comein your head, oh my god,I need help getting up. You know, I walked up those stairs yesterday, it's not easy for me to walk up those stairs. Years ago I would have popped upthose stairs. But as the body may be aging, the one thing great about moneyis 
that it doesn't have to age. You worked your entire lifefor money. When you get older,you now have to make sure that your money worksits entire life for you. 40 years ago, 'cause I always specializedin retirement planning, I don't know if you know thatmy 
degree is in social work, with a specialty in geriatrics.

[applause] So I had this lovefor the aging. I wanted to make surethat 
their lives were fabulous. And very early on I realizedwhat 
makes their lives fantastic is when they have money,when 
they can pay the bills, when they can hire an aide, when they don't have to worryabout it, and they don't have to bea 
burden on their children. That's what makes it fantastic,but 
40 years ago, you guys, it was so easy,I have to tell you. There's a very different 
storythan we have right now. 40 years ago you hada situation where almost every single one of the peoplethat 
I saw had a pension plan. And their pension also gave 
themfull health insurance for them and their familiesfor their entire lives! Real estate was relativelycheap, 
believe it or not.

Interest rates, yes,they were through the roof, they were 16 to 18 percent,but 
you still could have a money market accountor anything, and you could be earning 18,19, or 20 percent. You could get 14.5 percent backthen 
on a 30-year treasury bond. Are you kidding me? So if you wanted your money 
inretirement to be safe and sound, you had a place to put it. So I could easily say to people, do this, do that, do that, do this and it 
wasdone– just that simple. It's not that simple today. As I'm recording this show,we have interest rates that are the lowestthey've ever been. Good luck finding2 percent anywhere. Real estate prices have absolutely gonethrough the roof, you have a stock market that 
hasalso performed incredibly well. Who knows,will it go on, or will it not? So now you're afraid;what do I do? I don't get a pension, I 
can'tput my money anywhere safe and generate income,I still owe money on my home, I'm possibly even still payingfor 
my kid's college education and I don't know what to 
do,I'm afraid of everything.

Fear no more, because there are thingsthat you can absolutely do to change your life around. And what's so fascinating aboutmy 
job as a finance expert is to be able to come up withadvice 
to fit today's economy, today's economyand tomorrow's economy. And not continueto give you advice that I would have given you40 
years ago, 10 years ago, or possibly even 5 years ago. You have to be getting 
advice that is good for today that will carry you through your tomorrows, so the question is,are you getting that advice? Do you know what to door are you listening to your next-door neighbor who listensto your next-door neighbor who listens to the other next-door neighbor? Before you know it, you're 
all making the same mistakes. No, no. "The Ultimate Retirement Guide" is the name of this show, and this show is for every single one of you, to guide you from wherever 
you happen to be right now, right here, to where you want to be, to where I want you to be.

'Cause I want youto love your life, your personal side of your life, your financial side of your life, 'cause I no longer want any of you to have one foot in one boat called your life and another foot in another boatcalled your money, 'cause when those two boatsstart to separate, you have problems. I want you to have both 
feetin one boat called life where you love everythingaround 
you, you feel secure, you know whatyour money is doing, you know what you can doand you take all of that with the peoplethat you love around you and you wake up every singlemorning with a smile. That is the goal of this show. Now, you all came here. Maybe you just came hereto see me. Maybe,but hopefully you came here because there is somethingthat you need to know, 'cause I'm going to talk aboutwhat 
you need me to talk about.

So who has a question for me?Yes ma'am. Oh my god! Hi Suze. So exciting to be hereto finally talk to you, I'm so grateful for 
anyinformation. (Suze) How are you? Your life good? (woman) 
Yes.(Suze) I'm glad, what else? My financial track isbecause of you, but I have a question regardinglong-term care. Should I start that because 
I'min my 50s, I'm going to be 55, and should I start that now, 
orshould I focus a little bit more 'cause I don't havemy 8-month emergency fund, which I know you were alwaystelling us to do that. The perfect age to buylong-term care insurance believe it or not, is about 
59,right before you turn 60 'cause there is a big 
premiumincrease at that point. Up to you to decideif you want to do it or not. Do you have credit card debt?(woman) Yes. So you have credit card debt, you don't havean 8-month emergency fund, and yet you want to buylong-term care insurance. (woman)No, I really don't,but 
I want to make sure that…

[laughter] Do you haveany student loan debt? No. What is the interest rateon your credit card debt? It's like 16, 15. Do you contribute fully to 
your retirement account? Yes, Roth IRA. How much do you havein your Roth IRA? Uh like 45,000. (Suze)And how much do youin credit card debt? 4,000.(Suze) 4,000. I have $4,000 at 16 percent, I have $45,000 of how much of thathave 
you originally contributed? When I first
started it? So altogether it's worth 45,000,how 
much of that has it grown, have you put in 30,000and now it's 45,000? Oh no, I started with like1,000, 2,000 and then I deposit 550,my max every month.

But you put at least $4,000 
ofthat, you put in of your money. (woman) Yes. (Suze) Alright,so listen to me now. I want you to withdrawfrom your Roth IRA $4,000 and I want you to pay offyour credit card debt. How can I guarantee you a 
16percent return on your money? Pay off your debt. (woman)I thoughtI'd get penalized for… That is why this show isso important. Any money that you originallyput into a Roth IRA, the money that you depositedinto this account, you can take out at any 
timewithout taxes or penalties, regardless of your age or how long the moneyhas been in there. It's the earnings of that 
moneythat have got to stay in there for at least5 years and until you 
areat least 59-1/2 years of age.

Then you can take itall out, tax-free. But I would much rather see youtake out $4,000, get rid of the debt. Does that debt make you feelinsecure? (woman) Yes. If you want to be secure, which I'm telling isthe goal of money, you have got to get ridof the things that make you feel insecure. So you have the moneyto get rid of that which makes you feelinsecure, and that money is supposedly supposedto make you feel secure but it's not making you feelsecure 
'cause you feel insecure, so let's take money from here, get rid of what's making 
youfeel insecure over here. Now you feel secure,and when you are secure you are more powerful,and when you are powerful you attract peopleand people pay you, people give you a job 
promotion,people are your customers. So when you are more powerful,you attract people, people control money, now 
you'regoing to control more money. Got that? (woman) Got it.

(Suze)That's what you're going 
to do.(woman) I feel more secure. [applause] So I just want to touch brieflyon 
long-term care insurance. Long-term care insurance may be one of the most importantinsurances you will ever buy in your life. And the reason is this: your health insurance does not payfor a long-term care stay, Medicare doesn't reallypay for it. You will be the ones that 
payfor a long-term care stay out of your own pocket. And when you look at the cost, it's 10,000 a month,15,000 a month, it is a lot of money. The average age of entryinto a nursing home is 84. That age is key. Why? 'Cause if you buylong-term care insurance, you have to knowthat you can afford it from the yearthat you purchased it all the way until age 84or longer.

Should you be buyinglong-term care insurance and going, but Suze I doubtI'll ever use it. What insurance do you buy in the hopes thatyou're going to use it? Really, do you want your hometo burn down? Do you want your carto be in an accident? But you all carry insuranceon that. One out of three of youwill spend some time in a nursing homeafter the age of 65. Now, a lot of you know when it comes to long-term 
careinsurance, that premiums, if you have a long-term careinsurance policy, has skyrocketed on youover the past few years.

So if you buy long-term careinsurance, you have to factor inthat if 
you're paying$4,000 a year for it, you may be paying $8,000 a 
yeara few years from now. Can you afford it? But I can tell you this: that out of all the yearsthat you pay for your premium, it will beless than you will pay for one year in a nursing home. So if you can affordlong-term care insurance from the time you purchase it,all the way through, I would absolutely go aheadand do so. Alright, we are going to takea 
break, and when we come back, I'm going to continueto answer your questions. [cheers & applause] Thank you! Alright, let's take a question. I have a good-looking manright there. Yes sir? Hi Suze, welcome to Miami.(Suze) Thank you. With increased longevity, and 
ifone does not have a pension, how does one knowwhen to retire? Because I'm really not sure 
onecan really measure that because we don't know how longwe're going to live and I'm not necessarily surewe 
can save enough to retire. Great, let's talkabout your life expectancy.

My mother, God rest her soulnow, 7 years ago, lived till 97 years of age. The most important thing 
thatyou should all understand in reachingthe ultimate retirement is that most probablyyou are going to live until your late 80s,early or late 90s. And that actuarially speakingis the truth. So it's not like it was back 
inthe '30s or '40s or years ago when Social Securityfirst came about, when you couldn't get 
SocialSecurity till you were 65, but did you know that the average life expectancywas still 62? The buggers never expected youto live long enough to collect Social Security! How do you knowwhen you are ready to retire? Alright, so let's talk about that. Financially ready and emotionally ready are two different things. 'Cause you might be readyfinancially to retire, and emotionallyyou might not be ready to lose your identity of what you do. So they're two separate things that you have really gotto have clear. So let's just talk about 
thefinancial aspect of it now. You have got to be very aware of what your expensesare 
going to be in retirement.

You have got to know, what does it cost youto pay your mortgage, your car payment,your electricity– everything that isan absolute expense, that is not going to go away. Once you know your expenses,then you have to know what are your steady streamsof income that will be payingthose expenses. If you have a pension,if you have Social Security, if you havethe minimum distributions from your retirement accounts that you are going to have tostart taking out, if you have an income annuity,whatever it may be, will it cover your expenses,or will it not? Hopefully it will,because if it doesn't, then you have tomake a decision, do you need to continue to work? Should you retire from the jobyou currently have and take on another job? You have to decide all of those 
things, but in the equation, here's what I want to sayto you– Social Security.

'Cause for the ultimateretirement, 
the biggest decision that you are going to make 
iswhen to take Social Security. And do not takethe easy path here. You are to wait till at 
leastfull Social Security age. Now I know a lot of youare like, no way, I get Social Security at 
62,and I'm going to take it. Do you know that if you 
waitedfrom 62 to the age of 70 to take Social Security,you 
would get 76 percent more than if you took itat the age of 62? So when you arefiguring out 
your incomeversus your expenses, do not include Social Securityuntil you are 70.

I would rather see you use 
upmoney in a savings account or a retirement account to 
getyou through all those years than for you to takeSocial Security earlier to get through those years. Why? Because especially from 
the ageof 66 or 67 till 70, you're guaranteed an 8 percentincrease every year. You're notgoing to get 8 percentin 
the stock market guaranteed. You're not going to get8 percent in 
a certificateof deposit right now.

The new retirement age,seriously, should be a minimum of 70 today. I know, it sounds like, uh! But you know whythat sounds terrible? Because you hate the jobthat you have. [laughter & applause] If you loved what you did,if 
you felt like you were a vital part of societyas well as your own life, if you did not have one footin your money boat and another footin your personal lifeboat, but you were in one boat,and you were steering it where you wanted it to go, you would not be upsetabout 
having to work till 70. You would actually be sayingto yourself, I hope I get to work 
forever,forever, 'cause I love it! I hope I get to do this forever.

Do you think I do this 'causeI 
need to make money? No. So the goal of you working, 
Iknow you think is to make money. And it is that,but it's also because you lovewhat you are doing. And it makes you feellike you have a purpose. Because what's interesting is when you can't define yourselfby 
what you do, your job title, and then who are you? You need to know the answerto that question. We have a question right here.Yes sir. Suze, I wanted to knowhow to go about finding one's ideal financial advisor. That's a good question.

A really great financial advisoris somebody who's been a financial 
advisornow for 15 or 20 years. They have seen up markets,they 
have seen down markets, and then they've seen up again, good economiesand bad economies. The very first thing they tellyou 
is here's how much I charge. Here's how I work,here's what I'm going to do, and then they should at least beinterviewing you for an hour or twoto understand.

Are you afraidof the stock market? Do you feel goodwith the stock market, are you happy in your marriage,are 
you going to inherit money, are going tohave to take care of 
yourparents, do you have a will, do you have a trust, do you 
haveany credit card debt, do you own a home, do you 
wantto own your home outright, do you have kids, do you want 
toleave money to your kids? They should be asking youevery possible question, everything in your life, 
becausethey have to know who you are as a person before they 
caninvest your money for you. Here's what you really needto understand about finding an advisor. You should never talk 
yourselfinto trusting anyone– ever. When going to seea financial advisor, if it doesn't feel right,guess what? It's because it's not rightfor you. But what do you do? You talk yourself into 
trustingthat person– big mistake. So do not do that. Get up and walk out. Don't be guided to have 
somebodybe a captain of your boat and take you where they want 
itto go versus yourself.

You have got to belike this woman here, with this captain's hat on.Right? And you have to knowthat your financial journey into your retirement yearsis started where you have chartedthe right course. You don't want to bedoing something just because some financialadvisor 
tells you to do it. It's got to make sense to you, it's gotto make sense to you. Next question, who has one? Yes. Hi Suze, thank you for coming.

I've followed yousince the beginning, your first book,it's so old, but I… (Suze)That actually wasmy second book, but that's beside the point. But lookat that picture on that. I want your signature today That picture on that bookwas taken in 1994. Don't you think I look betternow? (woman) Yes! [applause] Gorgeous. But what isyour question for me? My question is if you already,well, 
I was fortunate enough to have a pension plan,but it was way before the Roth IRAand all that existed. If you've got quite a bitof funds in that IRA now and you have to roll it 
overinto a Roth for tax purposes and for your beneficiaries, 
butwhat about that lump sum tax that you have to payon that money? How do you getthat large sum of money? If I were you,here's what I would do.

If you have a lot of moneyin a pension or a retirement account 
that'spretax, first roll it over custodian to custodianto an IRA rollover, no tax. Then little by little, if 
youwant to convert it to a Roth, after consulting a CPA, decideon 
how much you can convert each year without it affectingyour tax bracket. The last thingyou would want to do is to take a large sum of money and convert it,have to pay taxes on it. Also, if you are near retirementand 
you don't have at least 10 years to recoup the taxesand 
the growth on the taxes, do not convert it to a Roth.

Leave it in a traditional. Just because Suze Ormanloves a Roth, sometimes it makes senseto leave the money that you have in a traditionalretirement account because you're going toretire in 2 years. So if you now convert itto 
a Roth, you're going to be losing all that tax money,you're better off just leaving it where it is,and 
paying the taxes as you go. 'Cause either way,you have to pay taxes. So when you convert, you 
wantyour money in the Roth for a long timeto recoup the taxes with the growththat you will sustain. Next question,who has a question for me? Hi Suze, you mentioned 
bewary of insurance products, can you elaborateon that please? Oh you betcha I can. Insurance is insurance,investments 
are investments, and the two should not cross. Years ago, when everybodywas buying mutual funds and making all this money, when all mutual fundshad a commission to it, the insurance companieswanted to get in the game. They were like, man,maybe we can create a product and sell it to all the peopleout there who want to investin the stock market and make it seem like it's 
morebeneficial to do it that way and we'll captureall of that money.

Now, I have been licensedover my career in almost every single stateto sell insurance. Actually, not to sell insurance,to bash it as to why most of youshould not buy it when it comes to an investment. I personally thinkthe only type of life insurance that makes sense,is term insurance, term insurance that's goodfor 
a specific period of time. Universal, variable,and whole life insurance are the worst investmentsyou 
could ever buy, bar none. They just don't make sense. So many times they're soldto 
you as– you can invest in such a wayand have it all be tax-free and experience the stock 
marketand get life insurance. The commissionson most insurance products are so high, you have no idea. Possibly 70 to 80 percentof 
your first-year premium. But today, you now havebrokerage firms out there that are charging you no commissions at allto buy stocks, no commissions at allto buy exchange-traded funds, no commissionsto buy mutual funds at all. Are you kidding me? If there was ever a timeto want to be investing in the stock marketcommission-wise, now is the time.

So does that make sense to you? Investments are 
investments,insurance is insurance, do not mix the two, do not mix the two ever,in my opinion. Next question. We have a question right here.Yes sir. Hi Suze, what's your opinionon 
target retirement funds? Yes, a target retirement fund, which is how many of youinvest for retirement, thinking that that fund is going to give youyour ultimate retirement. I personallyam not a fan of them. And a target fund, just to 
beclear, is that you decide the yearthat you are going to retire. You target the yearof your retirement. Then this mutual fund isinvesting 
your money to do what? For you to be ableto retire on that date, and the closer you getto that date, the more moneythey put into bonds, the less money they putinto stocks.

So they do all the work for you. And it is one of the mostpopular 
investments out there in 401(k) plans because 
youdon't have to do any work. You just put your money inthis 
target date mutual fund, and you just let it go. I'm somebody who doesn't 
liketo go on automatic pilot. I'm somebody whowhen I'm about to retire, I want to look at whatthe economy is doing and maybe it's a good timeto 
do what, to be in bonds, but maybe it's a better timeto be in stocks.

Let's go back to 2008, 2009. If you had had a targetmutual fund for 2009, 2008, you would have been mostlyin bonds at that point. Great, so you didn't get 
killedin the stock market. But in 2010 and 2011 and 
2012and 2013 and 14 and 15 and 16 and 17 and 18and 19 and 20, you missed one of the biggestbull markets ever. So should you have been in bondsduring that time or should you,even though you had retired, should you be in the stock market? Because you all have to keep upwith inflation. And inflation is somethingthat is very serious. So your ultimate retirement, 
andlisten to me closely here now, is one thatwhen you actually retire, you do not wantall of your money in bonds. You want some of your moneyin stocks because even though stocks maygo 
up, and stocks may go down, in the long run, you will berelatively okay, especially if they aredividend paying stocks, so that you are ableto get income while the market is going down.

So please don't be one ofthese 
people that go to retire and you go totallyinto bonds. Next question. (woman)Hi, good afternoon,I have two questions. The first question actuallyis the follow-up to the whole life insurance,that 
question is for my mom. After she heard what you 
saidpreviously, she had a question. And the second questionis mine about annuities.

So my mom's question about 
thewhole life, she has two policies and being in her 60sshe wants to know now, what insurance should she getbecause now she's not very pleased 
withthe whole life insurance? (Suze)Because Suze Orman said 
that.>> Because Suze Orman said that. Here's the question,watch this interaction now. This is a good financial 
advisorasking the question before I answer a question, because I can't just answer 
herwithout knowing things. Does your mother,in her opinion, need insurance? Is anybody financially dependenton her? If your mother were to die,is 
anybody– where's Mama? Right there.(Suze) Mama! Too shy to askher own question.

(Suze)I'm not answering it. Mama! Okay, answer my question,answer my question. No, no, Mama, come on down,come on down Mama. [applause] Mama talk to me! Hi Mama.
Hello. There you go, so Mama,if you were to die today, is anybody financially dependenton you? No. Why do you have insurance? I have it because I don't want 
my kids to be responsible. Yes, but if you die, your 
kidsaren't going to be responsible for you anymore'cause you're dead. Right? (mama) True. You want them to appreciateyou while you are alive and enjoy youwhile you are alive. So do you have this policysimply 
to pay for your funeral? Absolutely. Alright, and how muchof a death benefit is it? It's 10,000 on both.

(Suze)So you have two 
policies.(mama) Two policies. And how long have you beenpaying on it? (mama) For five years now.(Suze) For five years and how much does whole lifeinsurance cost you? Per month? (Suze) Yes. $56 a month. So that's $600,almost $700 a year, so you have already paidin $3500 in 5 years to have $10,000 of insurance,and as you get older, 'cause you're still young,you're in your 60s. (mama) 69. (Suze) 69, and so you're not projectedto 
die for another 30 years. Yes, my mom is 94. Alright, so you're going to benow paying $50, $56 a monthfor all those years. Really? I don't think so, what isthe 
cash value of that policy? If you were to cash it 
outtoday, how much is in it? You know, I really didn'tdo the math.

Alright, so you're going to 
findthat you put in $3500, however, good luckif you have $1000 in there. (mama)Yes, that's what my daughter was telling me. So here's what you're going to do. We know you're healthy, we know everything's good. What would it feel like to 
have$1000 to your name right now? Because, if you're worriedabout 
paying for your funeral, that says to Suze Orman,you don't have any money. (mama) Yes,
I realize that now.

Alright now, guess whatwe're going to do? We're going to cash outthat whole life policy, first you got to make sure Mama's healthy, if Mama's healthy, we're going to cash out that whole life insurancepolicy, 
the insurance agent might say, but the taxes–no 
taxes– you put in 3500, you get back less than that,no taxes, and you're going to put 
thatmoney into a savings account, a high-yieldmoney market account or savings account onlineand just watch it, and then you're goingto take the $56 that you wereputting towards the insurance and you're going to put it 
intoyour own savings account. And before you know it, you'regoing 
to have $10,000 in there. And then you'regoing to have $20,000 and then we're goingto go out to dinner Mama! Yes we are! (mama) Thank you. (Suze) That's what you'regonna 
do. (mama) Thank you. And Mama, I just have to 
askthis, was that that hard, to stand upand talk for yourself. Oh no, no, no, I didn't knowshe was going to ask, I was just mentioning itto her up there. (Suze)She said, you said right, that she was afraid,one of you is lying! Right? Have I got this right?One of them is lying.

The daughter is standing theregoing uh-uh, she said I ain't gonna do this. Alright, that's fine, alright. I was, I was. [laughter & applause] (Suze)Alright, your question. (woman) I've been looking into annuities, and I wasn't sure if it's 
a smart thing for me to do. Why were you lookinginto annuities. Because after readingall of your books, I was trying to be preparedfor my retirement. There is no way that you reada book by Suze Orman that said to buy an annuity!. (woman)No, I know, I know,you 
did not recommend that, but I wanted to be prepared,so 
I looked at everything that's availableand everything possible.

So I'm asking your opinionright now. So here's whatI would tell you– annuities are startingto change. Index annuities okay, singlepremium 
deferred annuities okay, variable annuities I really 
donot like on any level, although even those arestarting to change. Here's what I do wantto tell you, and you're going to be surprisedat this. Remember how I stood up herebefore, and I said, "What I used to tell you 
beforeI'm not telling you now." You know how you told me,a 
lot of you raised your hands, you said that you're afraid 
thatyou don't have enough income and you don't know whatyou're going to do.

It is possiblethat an income annuity where you deposita specific sum of money and they pay you outa monthly income is something that you may allneed to look at as you get older,and you want to retire. Would you be doing that now,given that Mama's 69, that means you have to be 
what,how old? (woman) 47. (Suze)47, way too early for you to be thinking about thison any level. No really, the way you would 
bethinking about it would be I want to be out of debt,I 
want to own my home outright, I want to be saving moneyin my Roth IRAs, I want to becutting down on my 
expenses,I want to do all those things far beforeyou would do an annuity.

Okay? You know,I just want to say this. I only wish I had a magic wandthat I could wave and say to all of youin this room and all of you and the millions of you 
that will see this program, that I can wave my magic wandand make it all so that you are never ill,never in any situation where you hadany financial distress, and you had all the 
financialindependence in the world, and that everything wasgreat for you. I don't have a magic wand.But guess what? You do, you have a magic wandfor your own lives. You might think that you don't. You might think well,what difference can it make if I make this little wave 
here,and I do this wave here? Every little actionthat you take can make a tremendous differencein your life.

Can you all livethe ultimate retirement? You can,but you have to want to. And you not only have to wantto, 
you have to take the actions that absolutely make itpossible, which means you pay off the mortgage onyour 
home, you get out of debt, you start to haveRoth retirement accounts, you do everything today, 
yousell something, you downsize, you do whatever, but you have 
tohave a plan for your lives. So we have just answeredmany of your questions, and we have one more segmentto continue to do so, so that all of you can havean ultimate retirement. We will be right back. So in terms
of an ultimate retirement, if I were to give you one piece
of advice, as to how do I make the most
out of my money, Suze Orman? With interest rates low, I don't
want to be in the stock market, what should I do?
Ready for this one? Pay off all of your debts.

It should be mandatory that
if you own a home, that you own it outright
by the time you retire. If you do not, and you plan
especially to stay there, you are making one
of the biggest mistakes in my "Ultimate Retirement"
playbook. Because if you could simply
get rid of your debt, the more debt
you have gotten rid of, the less income you need to pay
the expenses on that debt, and now you can start to make
more out of your money. Now, for those of you who have
retirement accounts, you probably have a traditional
IRA or a traditional 401(k) or 403(b) because you wanted
the tax write-offs today. And you just didn't want
to pay taxes today. Big mistake. In my retirement playbook, I would have
all of you in Roth IRAs, Roth 401(k)s, Roth TSPs
if you're in the military, Roth 403(b)s
if you're a teacher, I would have you
in Roth accounts. Why? Because everything
that you have in a Roth, you give up
the tax write-off today and you get to take that money
out later on tax-free.

With a traditional
retirement account, you get a tax write-off today,
but when you go to take it out, you have to pay
ordinary income taxes on it. You all want
that tax write-off today, even though we are in
the lowest income tax brackets in the history
of the United States. So you have all got
to start to think different. We're not 40 years ago,
we're today. And the rule of thumb is this: you want to know
what you see is what you get. What good is it going to do you if you have all this money
in all these retirement accounts that you're going to have to
pay taxes on when you retire and they force you  to start taking money
out of those accounts, April 1st of the year
after you turn 70-1/2.

So what is Suze Orman
telling you to do? I want you to do a few things. If you know that you are going to have a mortgage
when you retire, and you are going to be
keeping that home, I want you to continue to contribute
to a retirement account that matches your contribution
up to the point of the match and then everything after that, I want you to pay down
the mortgage on your home. That guarantees you
to be debt-free, you don't have to then worry
about the stock market, or interest rates, and nothing
will make you feel more secure in life than
owning your own home outright. Now I have said in most every
single show I have ever done, that the goal of money is
for you to be secure.

So you have got to look at
your lives and ask yourself, what in your life,
financially speaking, makes you feel insecure? Because whatever makes you feel
insecure, you have got to remove from your life
so that you can feel secure. Got that? Who in this room
would feel more secure if you owned your home outright?
Raise your hands. Well, now we have  almost 100 percent
participation. [laughter] So that's what you are
looking for. These are all things that you
need to figure out on your own.

That you can look at this
and go, what can I do so that I have
the ultimate retirement? And what you can do is
to make little moves today– pay off the mortgage on your
home, have Roth investments, know that you're going to claim
Social Security at 70. Decisions like that
will change your entire life. Next question,
who has the mic? Yes. Hi Suze.
Right here, it's Mama Bear. Thank you Suze.

I hope I'm right on that right?
Yes! [laughter] I'm 34 weeks pregnant. I've actually been a fan of
yours since I was 15 years old. I read your book,
Young, Broke… "Young,
Fabulous, and Broke," yes. That book. I currently maxed out
my retirement accounts, I don't qualify
for the Roth IRA, we're going into this stage, so my question is
surrounding the 529 plan versus the prepaid college,
which is better? And do you have
any credit card debt? >> No. >> Eight month
emergency fund? >> Yes.

Absolutely, and you're
contributing now. That's what happens
when a 15-year old… [cheers & applause] …watches and readsabout money, and then here they arein a situation where we all wish we could beand 
turn back the hands of time. So it's never too soon to begin. It is never too soon to begin. I like both a lot. If your child's goingto go to a school like in Florida or whatever,I 
like prepaid plans a lot because it takes outall the thing of is the market up, what should 
Iinvest in, what should I do? And when you have kids, and 
youhave everything going on, unless you wantto deal with all that, then a prepaid plan is probablyhow I would go. If you like investingand whatever, 529 plans are equally as good. But here'sthe question back to you. You're aboutto be a parent, do 
you havea living revocable trust? I do not.

Do you know that minorscannot inherit money? I did not. So if you have a child,and 
you have all this money, your 401(k),everything that you've done and now you want to leave it, you and your spouse in a 
caraccident, it happens everybody. And now you want to leave thatto your children. It will go in a blocked accountuntil 
they're 18 years of age. If they hada living revocable trust, you would namea successor trustee as to who would watch over 
thatmoney for your minor children.

Very important for you to have.>> Thank you. And most of you in this room,do not have the most important documentyou 
could have, bar none, a living revocable trust. A will is simply a documentthat says where your assets are to goupon your death. That is all it does. And it does it in the most 
costand effective way possible. A living revocable trust, living, you do itwhile you're alive, revocable, you can change itanytime you want.

Trust is the nameof the document. While you are alive,you transfer your assets, the title to your home,your bank account, your stock brokerage accounts,whatever it may be into the title of the trust, held for your benefitwhile you're alive, and your beneficiaries' 
benefitafter you have died. What is the differencebetween the two? A will has to be probatedin most circumstances. That can take months, it 
cancost thousands of dollars, it absolutely,that's all it does. A trust, 2 weeks later, 3 
weekslater after you've died, everything passes to 
yourbeneficiaries free of probate. But that's not the reasonyou should get it.

The reason you should get 
itis because of incapacity. If something happens to you,who's 
going to pay your bills? Who's going to writeyour checks for you? Who? A willjust says where your 
assetsare to go upon your death. A trust, a good one, that 
hasan incapacity clause in it, says that somebody elsecan sign for you when you no longercan sign for yourself. And this is important. The other day, I was in the 
banktaking out some money and this really old womanin 
her 90s was standing there and she said to the teller,she said, "I have to ask you a question, how much moneydo I have left in my account?" And the teller told her. She said, "That's impossible,it's impossible, "I know how much money I shouldhave in there "and that's not what's in there. "And I kept gettingthe statements, "but I couldn't believewhat I was seeing "so finally I thoughtI should come in.

There has to besomething wrong." Now, either she's spending 
moneythat she doesn't know, or possibly somebody isripping her off of money. But do you understand hownot only do you have to protect yourselvesas you get older, but every one of youin this room should be protectingyour parents as well. Your parentsthat become 
vulnerableto all kinds of people that befriend them and then doall kinds of things and before you know it, all this money is gone. So a trust is possibly the most important documentyou can have, bar none. You know, I'm just wondering,is 
anybody in this room afraid of when you get older you're not going to be ableto pay your bills, and you're going to be dependenton your kids? Does anybody in this roomhave that fear? All right, you do, you do.

Can somebody talk about that? I would like to hear somebodyaddress that. This woman right here,all right, you have a fear. Yes, I was… You can put your purse down. [laughter] So I have
a 99-year-old mother, which getting back to the 
lifeexpectation means that you know, I supposedly have quitesome time ahead of me. I have no kids, I have
no long-term insurance, I have no debts. So I don't know who's going to take care of me. I lost my job 3 months ago, 
which I needed for living. My mother and I
own an apartment where she lives right now, and I rent another where I live
with my husband. I have a 401(k), I have a CD, 
and I have a savings account. (Suze)So you're afraid. Of course I'm afraid and 
as I said, I have no kids, so nobody to
look after me. And how oldare you? 73. You're 73, and what do you dowith this fear? Like who do youtalk to about it? I'm serious 'cause how manyof you in this room can relate to what this womanjust said? So do you see first of all that you're not alone,you're not alone.

Most of America is inthe situation that you're in, where we are getting older,we 
don't have any money, we don't have kidsor if we do have kids, they need us to take careof them, [laughter] and good luck themtaking care of us. So what do we do, where do we goto start this conversation? Here's what I wantto say to you. 73, so obviously you've startedSocial Security. What you have to dois understand that 73, even though I know it 
feelsolder, 'cause I get that, 70's a big one, it's big numberto 
pass, even approach up to. Is thatyou're still in the youthof 
your life if you're healthy.

So there are all kinds of thingsthat you can do, whether it's continuing to 
work,saving money in a Roth IRA, making sure that youdo not have any debts, but fear is the maininternal obstacle to wealth and the only way to conquer fearis through action. Now, the actions that you aregoing to take are particular to your situation,and 
you're going to have to sit down with your husbandand go, what can we do? Should we rent a smallerapartment right now? Should you sell the homethat you have right now and downsize now,'cause what happens is we keep putting off all of 
thesedecisions until we're older and older and older 'cause 
wedon't want to have to deal. Rather than making a decision 
oflet's sell the house right now, let's move to a placethat's less expensive, let's take the differenceand do it.

Oh, I'm renting, alrightI'm 
renting a 2-bedroom place right now, let's renta one-bedroom place. Oh, I'm renting a one-bedroomplace, 
let's rent a studio. Oh, we have two cars,let's go to one car. So you have to now becomea warrior and you have to not turnyour 
back on the battlefield. And the battlefield isknown as retirement and how are you going to payfor yourself. So you're going to start to 
givebirth to financial children by the name of Bill,Buck, and Penny. [laughter] That's pretty good! [applause] And you're going to have to 
makedecisions with your husband. What can you do,and I don't care if it's to save $100 a monthhere, 
you cut your cable bills, you do whatever it isthat you can do to save $50 here, $100 
there,and you would be amazed at the more moneyyou start to accumulate, the more secure you'll feel.

But you do nothing and you 
havenobody to talk to about it. So here's who you'regoing to talk to about it. You're going to talk to yourselfabout it. And you're going to be the 
onewho solves that problem. And you're going to be the 
oneto figure out what you can do to either make more moneyas well as spend less. 'Cause the key to the 
ultimateretirement, everybody, is not to save more,but it's to spend less. 'Cause if you spend less,you're able to save more. And the key is stop postponingspending less. You don't think $25 here 
and $50makes a difference. It all adds up. As soon as you starttaking more action, you'll start feelingmore powerful. And then that fearwill start to go away and then you'll have more 
energyto take more action. Alright, there you go, alright. Thank you. [applause] Yes ma'am. (woman)Thank you so muchfor coming. I've been watching youfor years. I'm the senior, I guess,in the room. I'm 80 years old,my husband is 91.

We've been contributingto 
Roths since they started. But we didn't get a chanceto contribute very long because then we retired. But I've passed your 
informationdown to my children and they are contributing. My question is,I have grandchildren, I have two daughters,I'm 
leaving everything to them. What I need to know right 
now.is there any way that I can, at my age,or should I start converting some of my traditional IRA fundsto a Roth? Alright, so you have been, because you are nowolder than 70-1/2. (woman)I'm 80, yes. You have been taking requiredminimum distributions from your traditional retirementaccounts, correct? >> Yes.>> And paying taxes on them. >> A lot of taxes.>> A lot of taxes.

The answer to your question is,are your children and grandchildren in a 
lowerincome tax bracket than you? Because, when you leavethis money to them in a traditional retirementaccount, 
and they take it out, they're going to have to 
payordinary income taxes on it. Truthfully, in your situation,at 
where you are right now, in retirement, I would 
leaveeverything where it is. But is this your granddaughternext to you. (woman)This is my daughter. (Suze)Your daughter,well, that was a compliment.

[laughter] I didn't meanto give you a compliment. She came from Orlando to join 
mefor this occasion. [applause] Can I talk to your daughterfor one second? So here's what I wantto hear from you. Mommy and Daddy have doneincredible. When you sit here and 
listen,and Mommy starts talking about her death and that,how 
does that make you feel? Just sad, I want themwith me as long as possible. (Suze)Yeah, and do you yourselfhave children? 'Cause Mommy saidthere's grandchildren. That would be my sister. Your sister, so whenyou look at your own life, and you see what Mommy and Daddyhave done, can you just tell me howyou feel about your life? When you look at your lifeand retirement? Actually I'm blessed tofeel secure.

(Suze) Great. They weregreat teachers. (Suze)Great teachers,so you learned from Mommy. Mommy, out of all the 
thingsthat you did in your life, out of all the moneythat you saved, the proudest you should 
beand the most priceless gift that you've given yourselfis that you have a daughter that 
feelssecure because of you. [applause] And that is the gift that all of you need to pass onto your children, your beneficiaries, as well 
asyou having the conversation with your parents as well. And I can stand up hereand 
talk to you about money, as you could tell,from now until eternity. There really isn't one questionthat 
you could possibly ask me that I don't know the answer 
to,and I think I've proven that to you over all the yearsthat I've done this. But the greatest departing gift, when I talk aboutthe Ultimate Retirement, I'm talking about happiness, 
I'mtalking about inward happiness, and you knowing who you are,as 
well as you have a family that appreciates you,and you appreciate them. And if you're out there,and you're all alone, and you have nobody else, youhave 
to at least have yourself.

So the "Ultimate Retirement" 
isone where not only do you know everything you need to knowabout money, but you need to know 
everythingabout your own life, the purpose of your life, who you are when you can'tdefine yourself by everything around youas well as your job title. You have to know these things. I hope you enjoyedthis journey with us today, I hope you learned enough toat 
least start you on the road to an "Ultimate Retirement" 
andreally, may retirement one day bless each and every one of 
youand may God bless you as well.

Thank you so very, very much. [cheers & applause] [piano, bass, & drums play in bright rhythm] Captioning– Armour Captioning & TPT.

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