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Top 5 Super Growth Strategies for Approaching Retirement

My name is Katherine Isbrandt from About Retirement.
I'm certified financial planner and you are watching About Retirement TV. The place that I created for everyday Australians who are
preparing for retirement or those who have already retired and would like to improve their financial outcomes income growth of assets tax and government benefits and so much more. Hello in this video I want to show you how and why to salary sacrifice to superannuation and your immediate financial benefits of salary sacrifice to Super in a way you most likely have never seen before.

Real examples that you can implement into your life. I really
hope it will open your eyes to the incredible benefit of it and how to grow your super for your retirement fast. What is salary sacrifice and how does it work? Salary sacrifice is your agreement with your employer for
some extra voluntary contributions you want to make to super rather than receive that portion of
income in your bank account after paying income tax.

The normal income arrangement and payment between
employer and employee is very simple: You earn your gross taxable income Employer first deducts the tax payable to a Tax Office and Net income after tax is paid to your bank account. Under salary sacrifice arrangement: You earn your gross income First employer deducts your salary sacrifice and pays it to your super fund Then the balance of income becomes your new taxable income Employer then deducts tax payable to the tax office and Net income after salary sacrifice super contribution and
after tax is paid to your bank account. So your saving benefit comes from the difference of tax rate
between your MTR and superannuation contributions tax of 15% Salary sacrifice is a type of concessional contribution to the super. If you are unsure what concessional contributions are, have a
look at that video explaining what types of contributions we have in Australia So let’s now see the real-life examples.

The average income in Australia is almost $85,000,
but to be on conservative side, for the purpose of this exercise I picked the income of $70,000
to show you my comparison. We have two friends –Mary and Susan – both nurses, both on $70,000p.a, and both wanting to save $10,000pa for their future. Salary Sacrifice Australia, Tips, Traps and Benefits. A
completely different view of benefits of salary sacrifice Well let’s be honest, what we all really want from our super fund is the lowest fees, best returns with minimum risk, a super fund that looks after
your interest as members, and provides us with a free advise.

Well Sorry to disappoint you, but none of the super funds do that. So, unfortunately as with anything else in life, to make a good
choice, you need to do a bit of work and research. But I am here to help you and give you some
suggestions how to make this process easier. But first, let's start with the most important thing about superannuation in Australia, which I can see, is still quite a confusion. From 1st January 2021 the Super Choice law was extended
giving more Australians ability to choose their own superannuation fund, so you no longer are locked into your employer's super fund. So every employer needs to offer their employees a CHOICE OF FUND. I will leave the link to the tax office page where 
you can find more information about that decision. There are lots of videos and articles you can find 
that give information about "the best" super fund,   but mainly what I see is the advice to 
choose the fund based on level of fees and   well..

What the government has been advertising,
based on performance. As important as those two are, there is no such thing as "the best" super fund. There are over 500 superannuation funds in Australia and
thousands of different investment choices, so choosing one, can feel like a daunting task. Choosing the super fund that will best suit your needs, as I said before, is pretty complex and requires a bit of work on your part, so I will go over the steps that I take when 
choosing and recommending a fund to my clients.  So first let's go over the types of superannuation funds that you
can choose from because this is quite important.

1. RETAIL FUNDS Those are funds run by financial institutions. They are generally open to anybody. The general belief about the retail funds is that they tend to be more expensive.
Well that's not the case due to huge competition in the market. Retail funds have come down with pricing and they can provide you with
great investment choices, so they are really worth your consideration. 2. INDUSTRY SUPER FUNDS These funds are generally designed for people who work in a particular industry, but some industry funds will allow anyone to join. But just because your employer provides you with 
this option doesn't mean you have to accept it. You can still choose your own fund. Industry funds are regarded as less expensive or "cheap". As I said, industry has changed, has matured,
there is a lot of competition within the industry, therefore there is hardly these days a difference in pricing
between many retail funds and industry super funds. 3. PUBLIC SECTOR FUNDS Those are funds generally only open to government employees.

4. CORPORATE FUNDS These funds are usually only available to employees working for specific employer, so if your employer provides you with this option,
you can take it or you can request your own. Now, corporate funds tend to be more expensive, but they do have very good investment options in most cases, and before you dismiss it please always check your insurance options
as they tend to be some of the best. 5. SELF MANAGED SUPER FUNDS (SMSF) These are funds where you decide to run your own fund as a trustee. You take on all the responsibility of administration, compliance
and investment decisions. SMSFs they tend to be complex
and they are most certainly outside of the scope of our discussion here, but if you decide to have your own SMSF
you can always request your employer to make all superannuation guarantee contributions,
together with any salary sacrifice contribution to your fund. It is super fund like any other and it is your choice. At the commencement of your employment your employer
will likely provide you with SUPERANNUATION STANDARD CHOICE form.

Alternatively you can download this form from
the Australian Taxation Office website, but I actually listed the link below this video,
just to make it a little bit easier for you. So what steps should you take in order to choose the 
most suitable fund for yourself? Watch how to choose super fund, best fund really? Whichever way you choose is best for you, get the full financial and retirement advise. Most people once they get to the age of 50 or 60 
start thinking: "Do I have enough money saved for my retirement?"
"Is it too late to save enough?" And you might have a reason to worry, because superannuation in Australia,
which is our best form of saving for retirement, is filled with rules, regulations, and contribution limits. But I might have some great news for you today.
I would like to explain a little known contribution opportunity, that might help you:
No.

1 – to Catch up on all those lost years of not contributing enough, No. 2 – Grow your super and ultimately retire better and, No. 3 – Get tax benefits in the form of tax deduction for your contributions. Carry Forward Super Contributions otherwise known as Superannuation Catch-up Concessional Contributions, but first let's review very quickly. What concessional contributions actually are? Those are your deductible contributions,
so contributions for which someone claims tax deductions, when money is being contributed to superannuation. And that includes superannuation guarantee contributions or SGC, which are your employer contributions and obviously that's your 
employer who is eligible for tax deduction.  Your salary sacrifice contributions. If you are self-employed, all your self-employed contributions for which you wish to claim tax deduction, or even right now a private person, you don't have to be self-employed anymore, but a private person can contribute to super and still claim tax deduction.

But we all need to play by the rules. The annual limit of this type of contribution is $25,000. Well, I'm assuming that you have checked that you are actually eligible to contribute to super in the first place. If unsure, have a look at this video. If you need to get familiar with superannuation contribution rules including SG Contribution have a look at this video. If you would like to understand benefits of Salary Sacrifice,
here is another video for you. And now, let's dive into this.
What are Carry Forward Contributions? Carry Forward Contributions, so-called Catch-up Contributions, 
or as the proper industry naming is:   Carry Forward Unused Concessional Contributions, are not any special type of contributions really. They are often overlooked contribution opportunity, 
allowing you to contribute to your superannuation fund the amount of Concessional Contributions that 
you have not used in your previous years. You can only contribute up to Concessional Contribution limit
and up to five years.

If you are thinking of your personal contributions this is the
video to watch Catch up Carry Forward Concessional Super Contribution where you will find out exactly how to calculate
your maximum benefit for this strategy Well, I can bet my life that most people in Australia these days,
have majority of their savings within the superannuation,  whether in accumulation stage or in a pension stage.  And the size of superannuation investing 
will only be growing over time.  So, what are the 20 biggest 
superannuation funds in Australia?  Based on funds and their management 
therefore, how much money each superannuation fund is looking after. Well the biggest superannuation fund in Australia is AustralianSuper, with and just wait for it, $191,423,158,000 that they are looking after.   The second biggest super is Aware Super, 
with QSuper following, Public Sector Superannuation Scheme, Unisuper, Colonial First State, MLC, Sunsuper,
Retirement Wrap which is part of BT, CSS fund which is a public sector fund therefore,
it's not for everyone.   Super Directions Fund which belongs to AMP. 
Military Superannuation & Benefits Fund which is also a public fund.

REST Super, HESTA, CBUS, HOSTPLUS,
Wealth Personal Super which belongs to AMP.   Retirement Portfolio Service which is part of One Path,
it used to belong to ANZ but ANZ decided to sell it to IOOF,  and then it follows with IOOF Portfolio Service Superannuation Fund,   Mercer Super Trust and Care Super. So is your superannuation fund listed here?  As you can see some superannuation funds are public,
some are industry funds, others are so-called retail funds.    If you don't know really what is the difference between them and what they all can provide you with as a benefit and what are negatives, have a look at my video 
"Best Super Funds – Really? How to choose super fund. " So right now let’s check who made the most money
out of the total fees paid by members in 2020. This is based on information that I gathered from APRA site.  The superannuation fund that received the most of total fees
paid to super fund by members in 2020.

Is AustralianSuper with $804,638,000 in 2020   followed by REST Super, HOSTPLUS, Sunsuper, MLC, Aware Super, Retirement Wrap which is BT. AMP Superannuation Fund, Super Director's Fund, HESTA, OnePath Retirement Portfolio,   CBUS, Colonial First State First, QSuper, 
Unisuper, Wealth Personal Superannuation, that belongs to AMP, IOOF Portfolio Service, National 
Mutual Retirement Fund, Mercer Super Trust,   Care Super and Commonwealth Essential Super. Is you super fund listed in the second table?  So why am I showing you those numbers? I really want you to remember that superannuation is a big business    with amount of money and profits that 
are beyond comprehension of a normal person.   Total assets invested in superannuation system 
is already over 3 trillion dollars and it is only growing. So, no wonder every super fund and 
every investment house wants a piece of pie.   What I would like you to take out of this video 
is to make sure that you can get your piece of pie and eat it too.

And not to be a casualty of 
superannuation business or fees grabbing. [Music] Fees are inevitable but pay those that bring 
you benefit, that assist you with smart planning,  and smart investing, that improve your investment 
returns minimize volatility if this is what worries you and try to reduce fees that are not for your benefit. And please do not get emotionally attached to your Super Fund it is a business for your fund and this is how you should  treat it as well. Superfund Fees and Charges Explained It is essential that you understand what fees
are being charged and where they you are getting a good deal How to get an immediate 50% return on your investment – guaranteed? If you are a low or a middle-income earner and you make and after-tax
contribution to your super fund, and you do not claim a tax deduction for that
part of your contributions, you might be eligible for a government co-contribution
of up to $500.

So, if you total income is equal or less than $39,837 for the financial year 2020/21 and you make a non-concessional contribution of $1,000, you will also receive government a co contribution of $500 – so basically with 0 risk No investment has even been made you’ve just
contributed $1,000 to your super, government will add extra $500 – as far as I can count, that is a guaranteed, zero risk return of 50% on your $1,000 contribution If your income is slightly higher, between $39,837 and $54,837 this
financial year, your co-contribution will reduce progressively, but it is still worth
doing, as co-contribution is your free money. But one thing is contribution, the other is what to do
with my money and how to invest it.

I have created an eBook: “12 Principles of Investing”,  I've listed a link to this ebook in the description below this
video so feel free to download it and apply to your investing decisions How you can make 50% capital return immediately. Are you curious? Well you better stick around then to find out. If you enjoyed this video please give it Thumbs Up And subscribe to this channel not to miss my next video If you wish to learn more just visit my
website AboutRetirement.com.au where you can find lots of videos and articles about preparation for retirement and how to improve it if you are already there.

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Why Investors Are Moving Their 401k To A Gold IRA

in a world where Financial Tides air and flow unpredictably there emerges a beacon of stability a golden Lifeline ever wondered why astute investors are trading the familiarity of their 401K for the glint of a gold Ira let's unravel this golden tale together embarking on the path to a Secure Retirement let's Journey Through the radiant Realm of the gold Ira transition the road map to a prosperous retirement m is peppered with decisions and each choice can sculpt your financial Legacy so why are so many turning to Gold IRAs the answer gleams with promise Beyond mere investment this move fortifies your nest egg against the unpredictable storms of the market transitioning means your conventional 41k evolves into a realm teaming with the Allure of tangible gold Envision reduced fees a wealth of divers I ification and a steadfast guard against Financial whirlwinds as you approach the golden horizon of retirement ensure your Investments radiate with the Brilliance you deserve looking for more information with a team dedicated to finding the latest news and information for gold and precious metals Ira the retired veteran is your s One Source to help you with your investment Journey Don't forget to check them out you can find the link below what is a gold IRA rollover ever heard Whispers of the gold IRA rollover and wondered what it's all about let's dive in at its core a gold IRA rollover is a transformative Journey think of it as re-rooting assets from traditional retirement accounts like that 401k of yours directly into a gleaming gold Ira why make the switch diversification is key with a gold Ira your portfolio is enriched exclusively with gold silver and a select array of precious metals it's a refined approach to retirement planning shining with promise to put it simply the gold IRA rollover is your ticket to a retirement paved in Gold when the goal is stability and diversification this could be your golden opportunity the truth about a gold IRA rollover you've heard whispers about it now let's unveil the real story behind the gold IRA rollover it's no secret a gold IRA rollover has become the go-to strategy for many looking to diversify their retirement Nest Egg but what does it truly entail in essence this is your gateway to investing in tangible assets like gold silver and other precious metals why to armor your savings against the unpredictable tides of inflation and ensure economic stability now let's be real a gold IR rollover isn't without its expenses and tax implications yet for the right investor the golden Allure of its benefits might just tip the scales engage with a trusted custodian who knows the ins and outs of precious metal Investments and don't skip that heart-to- heart with a financial counselor with the right re search planning and a dash of foresight a gold IRA rollover might just be the golden key to fortifying your retirement Treasure Trove what are the advantages of rolling over 401k to an IRA stuck at the investment Crossroads let's explore why rolling your 401k into an IRA might just be your golden ticket to a brighter retirement lower fees many 401ks can slowly drain Trin your funds with higher fees opting for an IRA that could mean more savings and a fuller retirement jar over the years cash incentives some institutions sprinkle cash incentives when you roll over a 401k to an IRA that's an instant boost to your golden years relaxed rules from more lenient withdrawal options to pushing the required minimum distributions its freedom is redefined more investment options while 401ks might have you pick from a limited shelf Ira open up a Marketplace of choices be it stocks real estate or those trusty mutual funds estate planning Ira make estate planning a breeze designate your loved ones easily and rest in the peace that your legacy is well charted what are the downsides of transferring a 401k to an IRA you've heard about the appeal of rolling a 401k to an IRA but like all good Tales there's another side let's delve into the potential pitfalls stable value funds your 401k might house funds promising guaranteed returns switching to an IRA could mean saying goodbye to that stability blanket higher account fees contrary to popular belief some IRAs might have higher account fees than 401ks so it's vital to weigh the potential cost to your returns withdrawal tax rules ready to withdraw brace for different tax rules when pulling funds from an IRA tax surprises aren't the fund kind unavailability of loan options emergencies knock unannounced while 401ks often offer loan options with IRAs you might find that door locked loss of creditor protection your 401k is like a fortress against creditors but IRAs they might offer a slightly thinner wall of Defense minimum distribution requirements IRAs start the withdrawal clock ticking at 72 potentially reshuffling your retirement income game plan so before you make the leap Ponder the pros and cons a wise conversation with a financial adviser can map out if a 401k to Ira switch aligns with your dreams and risk appetite 401k to Gold IRA rollover guide from the traditional 401k to the gleaming realm of gold IRAs if you're contemplating this golden transition we've got your back let's dive into a stepbystep guide find your gold Ira provider begin your quest by hunting for a seasoned provider you're looking for expertise in precious metal Investments and a glittering track record identify your self-directed IRA custodian once you've zeroed in on a provider find your trusted sidekick the custodian they're the Guardians of your gold Ira ensuring your Investments are handled with care open your account with your allies chosen it's time to lay the groundwork complete the required paperwork and remember it's all about dotting the eyes and crossing the te's execute the rollover initiate the rollover by liaising with your 401k plan administrator a seamless transfer straight into your new gold Ira Sanctuary purchase your gold funds secured in your gold Ira time to shop collaborate with your provider and custodian to cherry-pick Investments That resonate with your vision and risk appetite reasons to invest in gold for retirement securing ample funds for retirement is not just about you it's the Legacy for your family tree and the secret converting your retirement savings from the conventional 401K into the ever stable gold Ira gold isn't just a shiny object it's a steadfast guard against economic uncertainties while paper money dances with Market whims gold remains resilient but why gold for retire gold isn't just a metal it's a tradition of trust ensuring that your retirement Nest Egg not only stays intact but also grows so when pondering the future of your retirement savings remember this golden Mantra a gold Ira isn't just an investment it's a promise of aluminous tomorrow but before we wrap up today's discussion we have a special gift for you to help you make informed decision decisions and navigate the world of precious metals investing we've put together a comprehensive gold Ira guide and the best part it's absolutely free so make sure to pick up your free gold Ira guide in the link below this valuable resource will be a great addition to your investment Journey yet like all Adventures there are challenges to be mindful of navigating tax intricacies side M stepping hidden fees and ensuring your chosen provider and custodian Stand Tall in the realm of reputation with insight and meticulous planning a 401k to Gold IRA rollover might be your key to diversifying your retirement treasure and basking in the potential glimmers of physical gold and silver

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£0 to £100,000 in ONE Property Deal | Wealth Strategy 2021

If you want to sit back on your backside and 
moan about the nine to five job that you've got   carry on. 66 grand over seven years 
that's more than tripling your cash   good deal how many Bazoomers have you just put 
in your pocket. Further profit of 78 thousand   nine hundred and eighty two pounds BOOM! Hello there and welcome to this week's edition 
of money matters because after all money   does matter! How would you like to discover as we 
go through this video together, how you can make a   hundred thousand pounds in just one deal? So we'll 
go through the amount of money you would need   what guarantees you've got but the thing that 
i'm talking about this week is rent to buy.   I think this is the most little known and best 
kept secret in the property industry there's so   many challenges out there for both tenants and 
landlords and very often it's tenants against   landlords one get set against the other so let 
me just give you an example of what i'm talking   about.

Especially during pandemic and you know 
lockdowns everything else people really struggled   and i get that i'm very very sympathetic as a 
landlord to tenants problem but if a tenant gets   to the point where they can't pay in a normal 
world. In my world, what i think would be a   good solution would be the tenant goes to see 
the landlord they have a discussion they agree   you know a payment plan or give it so many months 
or whatever, but at some point decent human beings   don't want to freeload on other people so they 
would agree right well can you give me a month   i'm trying my hardest, i'm going to get another 
job or whatever or my mum's going to lend me some   money or whatever it might be and i'll get you 
your rent one way or another.

But tell you what,   if i can't do that a month from now i'll just 
move out. Now that in my world that would be   a normal good conversation and i'll tell 
you why that conversation doesn't happen,   because if a tenant did that according to 
the rules according to the legal system   according to the benefit system they'd have 
just made themselves voluntarily homeless.   Now that to me is completely absurd they didn't 
get themselves made redundant on purpose they   didn't want to not pay the rent but if you speak 
to shelter or if you speak to the local council   they will tell you stay there until that landlord 
evicts you because only then will be you'll be   entitled to benefits.

So for me that is complete 
and utterly mad but that is the fundamental reason   why landlords and tenants are at loggerheads. If 
you said to a tenant what's your biggest problem   they'd probably say the landlord and if you said 
to the landlord what's your biggest problem they'd   probably save the tenant but it's because of the 
system. So how about we change the system so here   is the new system the rent to buy system instead 
of renting it to a regular tenant you actually   rent it to a tenant who's got aspirations of 
owning their own home and they enter into a   contract with you for seven years and i'll explain 
why seven years shortly and they pay a normal rent   over that seven years but also during that seven 
years they pay a little bit extra every month.   It's called, we call it a top-up that goes into a 
separate client account so you the landlord can't   touch it but over the seven years they save up a 
ten percent deposit and they then buy the house   or flat from you and the figure we use for the 
annual increase is the Rich's royal institute   charts fairs recommended an average which is 
four percent each year they're in the property   the property goes up in value normally and over 
a seven year period it's probably going to go up   by four percent compounded seven times which is 
roughly 31 so it's almost a third so if you had a   300 000 pound house they would buy it from you for 
roughly 400 000 pounds if you had 100 000 pound   house it will be 130 000 pounds that is the core 
that is the nuts and bolts of it but what we're   going to do now is we're going to look at this 
from everybody's perspective from the landlord's   perspective from the tenant's perspective from the 
estate agent's perspective because there's there's   very very few estate agents in the in the whole 
of the country that do this and i mean the whole   of the uk when i say the whole of the country and 
finally we're going to look at some actual numbers   for a hundred thousand pound profit or just a 
little bit over a hundred thousand pound profit   from one property and i think you're going to like 
it so strap yourself in enjoy the ride here we go   down the ramp to buy roller coaster okay so let's 
go look at this from a landlord's perspective i   want to introduce you to a good friend of mine 
this is Karen bock.

She inherited some money   and she wanted to make sure that she made the 
money work for her as opposed to her having to   work for the money so listen in i think you're 
going to like this. Hi i'm Karen and i'm here at   touchstone today to go and view my first property 
that i've bought and it's for a rent to buy and   i'm really excited about going to see this one 
now my mother died earlier on this year and   when my sister and i inherited their property 
which we sold for a substantial amount of money   i needed something to be doing with the money 
not just sticking at a bank and leaving it to   rot so i'd often thought about doing property 
and was talking to Gordie about sourcing the   property for me which she did we went to look 
at this property and i said yes straight away   it was a lovely house three-bedroom property only 
needs a tiny little bit of work doing to it which   is a great thumbs up so i didn't have to do loads 
of work put an offer in and they that offer was   accepted and we're just waiting now for it all 
to go through with this solicitors and everything   massive wise to why i'm doing this which is my son 
he's 16 and he's disabled he doesn't walk he never   will walk and unfortunately i know our care system 
so well that i know he'll always he doesn't ever   want to be what i call a wage slave i don't want 
him to be a wage slave either don't fall on these.

I prefer to buy to let because once i've bought 
once i've put the people in who are going to   rent it it's basically their home so they will 
eventually own it i don't need to do anything it   takes out all the hassle of having a buy to let 
of thinking oh if they broke a tap or i've got   to come and fix and break tire i've got to find a 
plumber no it's their problem not mine so they pay   a normal rent and a top up which goes towards it's 
paid them deposit for their mortgage if they walk   away from that that's that one is mine plus the 
fact if they default on their rent i've got top up   i can take that money the rent money from them so 
it's a no-brainer it's a win-win all the way down   the line it's lovely i like it i think someone's 
going to make somebody a really nice home   really nice home it's such a lovely area as well 
it's got everything shops around the corner nice   small area activities for kids to do you know 
so but i would say to anybody that is looking   to do something with money if they have to 
come into money don't just stick it in a bank   make it work for you go and get a look go and have 
a go and you meet so many nice people they're all   on the same wavelength as you you don't get looked 
at like an idiot what are you buying property for   first oh no buy property it's you know why not 
it's there to be had if you want to sit back on   your backside and learn about the nine to five 
job that you've got carry on because i want out   of mine okay so how about that what do you think 
to Karen and her journey that's exciting stuff   isn't it so there's the landlord let's now go and 
meet a lovely couple with some lovely children uh   so let's go and hear from lee and Ashlynn of some 
rent by tenants but Gordie and myself we took him   a little bottle of champagne say welcome to your 
new home and this is what they had to say about   rent to buy hello and welcome to Rossington so the 
two of us have come out to welcome a new tenant   who just moved in here yesterday wow they got 
this lovely new home and they've agreed to talk   to us about what differences made to them i'm 
looking forward to it and to welcome them to   their new home because they will be buying this 
see you inside i'd like to introduce you to lee   and Ashlynn so you've got you've got three lovely 
baby and you've got a fourth one on the way yes feels amazing yeah yeah process was fairly 
easy right yeah it's been really easy the only   stressful part was moving well yeah what's 
this little one called angelica angelica   you're here you're looking good now yeah yeah 
does it feel like a family home yet already   yes just after like one night i think 
it's because we all muddled in we all   pitched in and we all did a bit even 
the kids what's the last few years.

Yeah it's always been down to landlords selling 
houses from underneath yeah but well you've   given us an opportunity but i love doing this i 
love doing the we call it going to buy yeah rent i think that was our issue having just put a bit 
of money aside as well as paying the rent and   the bills at least this way it's all done in one 
move and you don't miss it because it's not there   we're not very good savers are we if we do 
save it's like something breaks down or the   kids need someone needs to pay for school trip 
or whatever so you're dipping in and dipping in   so somebody out there watching this that fancy 
the idea breaks by what advice would you give them   do it do it do it yeah i think that's 
it that's as simple as that just what a fabulous family i mean they were so 
delighted to be in that house and uh you didn't   see in the video but they actually had a couple 
of dogs as well so there are all sorts of issues   with with previous tenancies that rent buy just 
ticks all of their boxes next up in this quickfire   series through what is rent to buy let's go meet 
the agent so let's go meet my friend business   partner gordy duffield and let's find out what 
kind of properties do you need special mortgages   paperwork you know all that stuff over to gauri 
okay so i would like to introduce you to my   good friend and business partner gordy very good 
very good so gaudy you run diamond estates yeah   and one of the parts of diamond states is rent to 
buy why do you think rent to buy is a good thing   for land or dental okay i think in property what 
we've seen over the years is tenants v landlords   it's always been in tennessee landlords send a few 
landlords and i truly believe this is a complete   win-win for both parties is there anything wrong 
with us making money and helping other people no   i don't believe so so i think the big thing is for 
rent to buy for landlords is to secure income for   a many periods of years and for the tenants to get 
an opportunity what they made never had before an   opportunity to own their own home that's cool yeah 
couldn't agree more if we're going to try and help   both parties here so you know tenants landlords 
they'll be watching this video so if a landlord   wants to get into rent to buy yeah what sort of 
what's the ideal property uh good question um i   mean just to be clear we filled one bed flats we 
filled seven bed houses we filled forty thousand   pound house we filled one point two million pound 
houses but i think the ideal property that we look   at is a two three bedroom house um either a terra 
seven detached or detached that's the kind of idea   two three bed house does the garden matter um not 
massively what we are seeing since the covered as   gardens are becoming more popular uh what about 
parking garages anything like that again doesn't   really matter on street pack it's fine so what 
you're really talking about these vast majority   of properties are probably going to be suitable 
correct but what i'm getting a feel for is that   probably a studio flat is the least suitable yes 
it's not somebody's forever home no no which parts   of the country do you cover which parts of the 
country don't we cover maybe one everywhere all   over so top of scotland to the bottom of england 
we've got stuff right up in neon which is stayed   on vanessa and we've got stuff right down in 
portsmouth um all right so almost anywhere in   the uk or anywhere in the uk and the vast majority 
types of property yeah what about from a tenant's   perspective where do you find tenants from are 
there many of them in fact let me change the   question okay have you got more tenants or have 
you got more property more tenants more tenants   not how many more tenants thousands more 
settlements so that there's thousands thousands   of people that want to buy their own property 
correct and when when people come through with   diamond estates and say i've heard about this rent 
to buy thing or whatever do they actually believe   it or do they think what the hell is going on it 
takes some convincing we had to really adjust this   at the very start as well because we had to figure 
out what they didn't understand about it but no i   think uh once is explained clearly to them yep 
they get it it's pretty simple you know it's   pretty simple well it is essentially yeah rent for 
the seven years save up a deposit and buy that's there has to be downsides what's the downside 
here um downsides it's funny this because i don't   know if i see this as the downside but if you're a 
landlord and the property does increase more than   what the pre-agreed price was um you'll lose out 
on the money in the sale price but i always ask   the question would you be happy with seven years 
guaranteed right and an increase in 31.6 in seven   years well the answer is yes yeah and so i don't 
really see that as a downside but i suppose that   is yeah i do get that i get that from property 
investors because Warren Buffett obviously not   really a property investor is a stocks & shares 
investor but he says his favourite holding period   is forever yeah and there's many landlords that 
just don't like the idea of selling correct yeah   but i get and i normally counter that by saying 
well if you've if you've got one property and it   goes up in value by thirty percent of seven years 
you can take that the original equity you had in   your original house you can take the sale price 
yeah and you can turn one house into two typically   so yeah what about from the tenants perspective i 
mean i guess there will be downsides i mean i know   one of our rented by tenants discovered um after 
a couple of years that the property just wasn't   right for them and they left yeah i think it's 
something to do with the relationship or something   yeah but they had to walk away from two years top 
up money yeah that is the day downside people's   circumstances do change uh and with regards to 
the contract they are contractually obliged to   stay there for the period of the rental term if 
they leave early they lose their top up but that   is fully explained to them beforehand they are 
adults so they understand that when they're when   they're moving in what i want to do is i just 
want to ask you a dead simple question with one   hundred thousand pound house you know around here 
you can still buy a house hundred thousand pounds   yeah with a hundred thousand pound house how 
much money realistically do you think a landlord   could earn over the seven year period from the 
hundred thousand pound down towards what their   total income stream is going to be if you take 
a four percent average which is what we take   and four percent times four percent 
point four percent seven times   uh works out at thirty one point something percent 
so let's call it yeah thirty one percent yep   thirty one percent on a hundred thousand pound 
house is obviously thirty one thousand pounds yeah   so that's your capital increase what's the monthly 
rent on this one you're talking about um it sets   600 pounds per month 600 600 a month so if we 
then say that all your bills and the mortgage   and everything else it's not even going to be 200 
credit but less than 200 so say 650 650 650.

So   let's say 450 quid times 10 it's four and a 
half thousand uh so that'll be 5 400. yeah so   i reckon let's keep it simple make five five grand 
a month on the rent five grand a year a month yeah   that's gonna be 35 000 pounds rental profit 
right and 31 000 pound capital profits it's   a human calculator isn't he jesus he 
said it was a simple question as well   66 grams here's the question landlords out there 
oh potential androids out there would you be happy   with sixty six thousand pound profit from one 
hundred thousand pound house because if you're   going to buy a hundred thousand pound house 
you can still get eight percent buy more yeah   so you'd have to come up with 20 grand yeah 100 
so how about that everybody you put in 20 grand   your 20 grand could be returned to you with an 
extra 66 grand over seven years so that's more   than tripling your cash good deal you might be 
out there thinking jesus i've got some rent i've   got some bicycle properties i want them to rent to 
buy it or i'm going to go and buy something yeah   what should they do give me a phone okay simply 
so uh so here's the details for diamond is his   phone number here's the website address so just 
crack on and uh get all the goldie oh or one of   the team yeah definitely i mean just a word of 
warning it's absolutely fine speaking of gordy   or diamond uh but there's actually very very few 
agents that do this isn't there there's a couple   agents to do we're by far the biggest and best 
that do do so yeah so if you're interested you   want to learn more crack on pick up the phone 
send an email whatever thank you very much   thank you take care thank you boom all right so 
thank you gory that was fascinating wasn't it and   something gory and i just checked with him 
afterwards just to give bit extra information   last week diamond estates took on 17 more rent to 
buy properties and most of them are filled already   so imagine if you'd you'd been that landlord 
that gave diamond estates your property last week   probably have a tenant in it already so 17 
a week we're taking on at the moment there's   a massive demand for this anyway enough of 
the chit chat and meeting everyone let's go   to the numbers room and crunch some numbers okay 
so welcome to the numbers room this is the numbers   board but before we get to that look at this 
house so this is the house that i'm gonna use   uh just walk through the numbers with you 
on uh so this is um elm green um conisbourgh   and it's a property i'll show you all figures 
but it's a it's a three bed house that we're   turning to a four bed house so as you've heard 
three four bed detached houses with gardens   absolutely ideal for rent to buy so let's get into 
the numbers i want to give you the full numbers so   this is actually a combination strategy that i'm 
giving you now this is buy refurbish remortgage   and then rent to buy on the end so quickly 
we purchased this one for 163 thousand pounds   that was purchase price on this one i had 
to get all the the legals uh the refurb and   everything else and i was putting it all in one 
number the total total total was thirty five   thousand pounds all up we're into this property 
for what's that 188 thousand okay so that's the   total cost of buying it next what's it worth 
after the refurbs we've turned it from a three   bed to a four bit we just rearranged some of the 
walls upstairs it was actually quite cheap to do   boom it goes and re-values at 250 000 
pounds which is sweet now if you want to   you can you can put 80 percent um vitamin mortgage 
on that so 80 of that is 200 000 pounds still   quite affordable mortgages but we've only spent 
188 000 pounds so end of stage one we have got   a house with none of our own money in it and 12 
000 pounds catching happy days everyone happy   with that so that is part one you the landlord 
if it is you the landlord you've got a 250   000 pound house and that's the starting price 
okay you've got 200 000 pound mortgage on it 250   so in addition to the money you've pulled out 
you've also got 50 000 pounds of equity in the   property so along comes a tenant buyer and says 
i would like to rent that property for the short   term and i would like to purchase it in the long 
term and just to remind you the two main reasons   why tenant buyers don't buy their own houses 
straight off the bat is they've either got some   sort of poor credit history uh CCJ something 
like that and believe it or not 25 of the uk   population is impacted by some sort of credit 
issue 25 and the other main reason is they got a   deposit so we need to look at two things how does 
it impact what all the numbers for the tenants and   what's the numbers to the landlord so first up 
you've decided to sell it in seven years time   so one two three four five six seven 
years time and each year rick's rolling   chief chart surveyor said you should assume 
that house prices increased by four percent okay so the department of hard toms has 
been hard at work and drumroll please   here we go the sale price will be 328 982 pounds which is a profit a further profit 
of 78 982 pounds boom but that's not the end of it   that's just your capital profit on the sale of the 
property and don't forget if you want to take 12   grand out so you haven't actually got any of your 
own money in here so you've already got money out   plus further capital profit seven years 
time of three hundred and twenty eight   thousand nine hundred and eighty two minus two 
hundred and fifty thousand pounds seventy eight   thousand nine hundred and eighty two pounds 
happy days you know i said that's not all of   it that's just the capital profit well let's add 
the rent shall we so let's move our money up here   boom still makes me happy every time i see that 
and now let's add the rent profit the rent for   this particular house in this particular 
area is one thousand one hundred pounds   per month we're going to look at two separate 
things now we're gonna look at what do you   the landlord make money-wise out of it and what 
does it actually cost the tenant to buy it okay   so let's do the what do you make out of it 
first in fact no let's have a look at how   much does the tenant actually pay for us because 
that's nice and easy they pay the 1100 per month   but they also need a top up the top hub goes 
towards the deposit so they can buy it so they   need to have a 10 deposit so they can buy the 
property in seven years time to be safe let's   round that up to 330 000 so they need a 33 000 
pound deposit we can divide that by 84.

Why 84   well that's seven years times 12 months so if they 
contribute in monthly in even amounts it's that   figure divided by 84 so get the trusty calculator 
out 392 pounds and 85 pence so let's round it up   to that the top up will be 300 and let's call it 
395 because you don't want a silly figure like   392 pounds and 86 pence or at least i wouldn't on 
top of their uh rent money of 1100 they're paying   roughly an extra 400 a month and in seven years 
time they've got 33 000 pounds because this top up doesn't actually go into your bank account 
because that wouldn't be right or fair or ethical   actually goes into a client account which means 
unless they breach their terms and conditions or   don't pay the mortgage or something you can't 
touch it so as long as they honour their side   of the contract you've got on your side of the 
contract and they get 33 000 pounds cash back   at the end of the seven year period they take 
that and then they go and buy the house okay   so hope that's nice and clear so let's wipe that 
slate clean shall we what do you the landlord get   because i said right beginning of this you can 
make more than a hundred grand in one div you've   got to ignore the top-up because that's not your 
money unless they mess you about so you're getting   1100 a month now we said didn't we on this one 
that it was a 200 000 pound mortgage so what's   the interest payment our 200 pound mortgage well 
interest only is normal for buy to let so we've   got 200 000 like that and i'm going to say we 
said this was an 80 mortgage so i've actually   looked just before i recorded this at yeah these 
sort of price comparison websites for mortgages   and it was just a little bit less than 
but i'm going to call it four percent   200 000 times four percent is eight thousand 
pounds a year so if we divide that by 12   that is oh that's a scary number that's the number 
of the beast look at that this is the beast of a   project 666.

666. do i need a cross or something 
when i write that number down is it scary isn't it   so that's your mortgage what else do you 
need to pay well uh you need to pay insurance   and landlord insurance you know building insurance 
is probably going to be about 20 quid something   like that so let's just make it a national number 
if i put 24 there that's going to round it up   and what other costs have you got well here's the 
great bit yeah normally i'd be saying oh you need   to put aside 20 for you know voids and maintenance 
and all that but you don't because it's a rent to   buy so all the money you would normally have 
to spend on the property you know paint it fix   the boiler if it breaks all that stuff well the 
tenants doing that because that it's their home   or it will be in seven years time oh it's their 
home now for goodness sake because this that's   what the contract says it's binding as long 
as they do what they say they're going to do   so 24 quid for insurance now because 
rent to buys are so simple to manage   many people would manage it themselves but let's 
say worst case you actually employed an agent to   do it you negotiate with the agent you said i'll 
pay you 10 to normal rate but it's so easy bloody   bloody blah so let's call it 100 pounds so this 
is for the letting agent yeah you know for letting   fees let's add all that up 790 pounds so your 
total costs are 790 pounds so your profit per   month you've got your 1100 pounds we need to take 
off 790 pounds which makes 310 pounds per month   profit what i now need to do to get to my seven 
years profit is very very simple i need to take   my 310 pounds multiply it by 84 which is 7 years 
and 12 months which gives me a further 26 and 40   pounds now let's go for the grand total shall we 
are you ready for the big reveal the grand total   how many Bazoomers have you just put in your 
pocket how much extra cash have you got on your   hip will your trousers fall down these are all 
important questions to ask because look at this   boom grand total 105 022 of your english 
pounds well British pounds actually   so just to go through that slowly 
so we all explain all you understand   so we started off at 250 000 pounds didn't we so 
it's not fair you actually get 50 000 pounds cash   more than this but you could have sold it at the 
start for 250 000 pounds couldn't you so we're   talking about extra profit from rent to buy the 
fair way to do it is not to deduct the mortgage   but to deduct the start value so we've agreed the 
sale price with the tenant 328 982 pounds that's   four percent four percent four percent seven 
times the start value was a quarter million so   the extra money you've made because of rent to 
buy is 78 982 so it's just that take away that   and then we said per month you make 310 pound 
profit well if you do that for 7 years 12 months   in a year obviously that's where the 26 040 comes 
from add them together socks off go and catch your   socks they're flying around the living room 105 
022 pounds with zero aggravation because i've done   about you many people i talk to a lot of people 
that's what i do i'm a professional speaker i talk   a lot of people tell me that time is the most 
valuable asset they'll agree with yeah yeah yeah   time's like a favourable asset pool and then they 
want to micromanage everything i don't i want to   put a tenant in send them a Christmas card every 
year and then make 100 grand profit that is far   far better for me than chasing tenant through the 
courts renting arrears fixing things i'm making   money i'm doing a really good thing because this 
is a lovely family home and a lovely family will   buy it in seven years time so it's a roof over 
somebody's head that they otherwise wouldn't have   and i'm making underground in the process 
and okay i showed you an example here where   we actually purchased the property we did it up 
we turned it to a four bed house you don't need   to do all that stuff you don't because you could 
just go my kids by the way this is what they call   it i'll just explain to you you could just go to 
the house shop because if we buy so many houses   jenny and judo youngsters they don't call it the 
estate agent they call it the house shop so you   could just go to the house shop don't do 
anything clever don't do anything you know   advanced that would need training just go and 
buy a property for quarter of a million quid so   yes you've got to put down 50 000 pounds but in 
seven years time you've tripled it so instead of   fifty grand you've now got 150 grand and 
now instead of one house go and buy three   just recycle that cash and buy three more anyway 
let's wrap this up hope you like the number   crunching room we'll be back here soon and that 
my friends is how you make money with rent to buy Oh sorry i forgot that's worst case because that 
assumes you don't put the rent up for seven years   and that's quite unlikely isn't it but you'd agree 
that at the start anyway speaking of up okay and   that my friends is a wrap one project dead simple 
hundred thousand pound profit if you like the   idea of rent to buy and you haven't quite go go 
watch it again with the best 15 minutes you ever   invest in yourself let us know how we can help 
you put your comments below make sure you have   subscribed and put the notification bell on you've 
been wonderful i've been Paul see you next week.

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Surprising Research: Retirees Can Spend More Money in Retirement

So today I want to talk about a
topic that doesn't get nearly enough discussion and that sets many retirees
actually should be spending more money than they're spending, or at least
they could be spending significantly more money than they're spending. I started thinking about this topic
because I had a client who has more than enough money to live incredibly
comfortably for the rest of her life. And she called wondering whether she could
spend a thousand dollars on a retreat. And at first I was kind of taken aback
because I thought you could spend a hundred times that and not blink, but
the more I began to kind of think about it, I realized I actually see this in
a lot of clients that they're afraid to spend money because they don't want
to outlast the retirement savings. And so I started doing some
digging and I ran across a really interesting article called guaranteed
income, a license to spend. And it's written by a couple of
academics who are doing research into why retirees don't spend more money. And so I thought I'd take that
articles kind of a jumping off point to discuss the problem.

And hopefully, maybe encourage
some of you that you should be spending more money, not less. That's always a fun problem to have. Hi, my name's Kevin Lum. I'm a certified financial
planner based in Los Angeles. And this channel is dedicated to helping
a million people retire without worry. So why do some retiree spend
less money than they could? In fact, in many cases they spend
significantly less money than they could. Partially the problem is financial
advisors, which I am one. But . Financial advisors for
years use Monte Carlo projections. It's this process that was
created after world war two.

And essentially it allows advisors
to give a probability number, the probability of success. It's highly likely that if you talk
to a financial advisor, you've been given the probability of success. So there's an 80% chance or a 90% chance
of your retirement plan being successful. And if it's 70%, you know, then
they begin to freak out and tell you need to save more money. The problem is, is that it's
a very imperfect solution. It does give you some idea of whether
you are on track for retirement or not, but it has a lot of challenges. And one of the challenges is the
assumption that it makes is that you'll have static spending plus inflation
for there for your entire retirement. But that's simply not the
way that people spend money.

When you research, how retirees actually
spend money, it looks more like a smile. So early in retirement, when
you're in your best shape. And you're most active, you spend
way more money and then as you age, you begin, it begins to dip. And then for some retirees, it will
spike back up at the end of retirement. With long-term care or health care
expenses, but for many retirees, it's just a constant decline. But when the Monte Carlo simulation
is created, advisors are assuming that you're going to spend the
same amount of money throughout the rest of your retirement. And in addition to that, they're going to
continue to increase it by inflation, but that's simply not how people spend money. So, let me break it
down a little bit more. One of the problems with Monte
Carlo simulations is they're binary. It's either pass or fail. So let me give you an example
of why that doesn't really work.

So we have just a very simplistic
Monte Carlo simulation here. You need a hundred dollars each year
over a 10-year period and we're going to run 10 different variables, right? So typically in a Monte Carlo
simulation, they'll run a thousand different variations. One with market goes up, one with market
goes down, we're inflation takes off or flight inflation, collapses, all
these different possible universes. And then it says, did it pat,
did you pass or did you fail? Did you reach your goal or
did you not reach your goal? And then it provides you an
average of whether what's the probability of success of your.

Plan. So for example, in this scenario,
in the first simulation, the first run-through and you're 10, you only have
$90 or eight only, you would pull out $90 of income as opposed to a hundred. Now, in reality, if that were to happen
in retirement, all you would end up doing is just pull back, maybe some of
your discretionary spending, but when the Monte Carlo simulation sees this,
it asks, is this a pass or is it a fail? It's a fail. Now in reality, you re you achieved
99% of your retirement goal. I would consider that a pass. But the computer says no it's yes or no. It's a zero or one it's binary.

It failed. And the second simulation. Year nine and year 10. You're only able to plot $80 in the
ninth year in $80 in the 10th year. Once again, you're at 96%
of your retirement goal. You could just pull back your
discretionary spending, but the computer just says, is
this a pass or is this a fail? If your advisor was to look at this,
they would say you have a 50% chance of achieving your retirement goals, but in
reality, you achieved 96% of your goal. But in a Monte Carlo
simulation it's pass fail. It's just not dynamic enough. And the problem is, is that it
scares a lot of people into being way more conservative with their
money than they really need to be. Now, some people do need to be
conservative with their money. They need to be spending less,
but many retirees could be spending more money on trips and on their grandkids and all the
things in life that they enjoy. But because an advisor is so consumed
with what's the probability of success using a very outdated model,
they end up being entirely too conservative in the retirement years. The second challenge to retirement
spending is the 4% rule.

So many advisors talk about the 4% rule. You know, you can pull out
probably 3.7 to 4% of your income. And the reason is, is because as
you age, there's the glide path. So advisors begin moving more
money of your money from equities. Into bonds. So you have more security and
retirement, but in an attempt to reduce volatility in a portfolio advisors
are reducing greatly the longterm expected return of the portfolio. And there's all kinds of
problems with the 4% rule. First of all, it's not a rule. The guy who created the rule recently
said, you could probably pull out 4.7% if you had a more diversified portfolio. And then it turns out the guy who
created it also has almost all of his money in CDs and a bank. It's very, it's very
odd, but that's not the. We can do a nother video at
some point about the 4% rule. But the problem is, is that
what you see is that people have their money in equities.

Tend to be more fearful, partially because
advisors tell them they can only pull out three and a half to 4% of their portfolio. And the other challenge is, is because
there's real volatility in the market. So even if you have a 60, 40, or 50 50
portfolio, As you've seen over the past year or two, you can end up having a
25% draw down in a very safe portfolio. So if you have a million dollars
in that portfolio and you watch $250,000 of that evaporate, Two years in your retirement, you're
going to be scared to spend money. And so one of the things that researchers
found is that people who have guaranteed income streams tend to spend significantly
more money throughout their life than people have their money in , stocks,
bonds, alternatives, whatever it might be. So the researchers did is
they took two groups of people. They both had essentially
a hundred thousand dollars. Except the one person had a guaranteed
income stream and the other one just had their money in a portfolio and they
found that the people had their money.

Coming from a guaranteed income
stream, ended up spending almost twice as much money in retirement. Not at the end of the day, they
both are probably going to end up having very similar returns. In fact, the person whose money is
in the portfolio will probably have way more money at the end of their
life, but they're more fearful to spend that money on in retirement
because there's so much uncertainty. And so people have fixed income coming
in are just willing to spend more money because they feel less anxious. In fact, one of the other
videos we made, we talked. About the regrets of retirees. And one of the regrets of
retirees was essentially not having more fixed income coming. In fact, two of the top five regrets
were not waiting until later to take social security, which would create a
higher amount of expected, fixed income from their social security payment. And the other was not having an annuity. There's really three main types of fixed
income that most retirees can have the first fixed income, the most popular,
the one that almost everyone will have is going to be social security.

When you retire, you're going to
receive some amount of money from the social security administration. If you take it at age 62, you're
going to receive a smaller amount. If you wait till age 70, you're
going to receive significantly more. And so the longer you wait to draw
on social security, the higher your income amount is going to be. The second type of guaranteed
income is a pension. So, if you have worked for a
legacy company or the government, there's a good chance that you're
going to get a percentage of your. Salary into perpetuity during retirement. So it might be 70% or for some people
up to a hundred percent of their salary. That they're going to receive
through the retirement. So they're going to
receive social security. Plus they're going to receive a pension the third type of guaranteed
income comes from an annuity.

So annuities are really controversial
topic among financial advisors. Now, I'm gonna talk about some
of the problems of annuities in a minute, but let's just talk for a
minute about how annuities work. There's really two basic types of
annuities that honestly you could, there's a hundred different rabbit holes. I can go down. So I'm simplifying this greatly,
but the first type of annuity is an immediate annuity. So you take a hundred thousand dollars. You put in an annuity and then you
get a guaranteed amount of money paid out to you for the rest of your life. The other type of annuity
is a deferred annuity. So you have to wait at least a year. Can be significantly longer before you
start receiving your annuitized payment. So you have an immediate annuity and
then you have a deferred annuity. Some people will use deferred annuities
that won't kick in until age 80, because they're most concerned about
guaranteed income later in life. Other people want
annuities to start earlier. So they'll use an immediate annuity.

So you have immediate annuities and
then you have deferred annuities. And then the other variable within
annuities is you have a single annuity or a single annuity. Where you have a joint life annuity. So a single annuity basically
covered you for your life. When you pass the nudity goes away. A joint life annuity will cover two
people through the end of their life. Sometimes there can be a
step down and benefits. You can structure it in different
ways, but essentially it is annuity for you and your spouse. And then you can also structure
the payout of the annuity. So you can have a life only
annuity that typically provides you the largest payment. But that means that if you annuitize say
a million dollars and you're going to get, you know, $50,000 a year for the
rest of your retirement, and then one year after annuitizing that money you pass.

All that million dollars goes
back to the insurance company. There are all these
other variables, right? A 10-year certain annuity. So that means that, you know, if you
annuitize a chunk of money and then you pass right away, your family will
still receive payments for 10 years. There can be a cash refund annuity. So there's all these different variables. And then you can also have a riders. For like cost of living
adjustments for inflation. And so you can play with and
mix and max annuities, but the most basic type of annuity is an
immediate payout fixed life annuity. Where you give a million dollars to the
insurance company, and then they guarantee for the rest of your life or the rest of
your life and your spouse's life, a fixed sum of money that you're going to receive
often those annuities are called a SPIA, a single premium, immediate annuity, right? You give them money to the insurance
company and then you get an immediate payment for a certain amount of
money for the rest of your life.

So let's talk a bit about
the problems of annuities. Because we, the research shows that they
can be really helpful to retirees because they can allow them to spend more money
because you're less concerned about market volatility, market fluctuation. The problem with annuities and
the reason that financial advisors are so divided over annuities
is they've been greatly abused. Anytime you have a commission
attached to a product. There's a lot of room for abuse because
pers the person selling the annuity has an incentive not to provide you with the
best annuity possible, but to provide themselves with the highest commission
possible and particularly the United States, we have what's called a variable
annuity, which pays out incredibly large commissions to the, the advisor
and opens the customer up to a lot of risks because it can be invested
in the market and just doesn't provide the protection that it's supposed to.

But there's also been a lot of
changes in the annuity market. Historically an insurance agent was paid a
commission when they sold you an annuity. So let's say they sold a million dollar
single life premium annuity to you. They might make 10% commission. And so they're going to make
a hundred thousand dollars or whatever the case might be. Now you can get no commission annuities.

And typically the no commission annuities
or no fee annuities have a much higher. Payout to the client. Now the problem is, is that the
advisors who sell these are often at fee only financial advisory firms
and they'll charge a management fee 1% AUM or whatever it is. So both sides historically have had
some ulterior motives and particularly it's problematic in the field. Only community. Because fee only financial advisors often
claim to be the ones who are working in your best interests, their fiduciaries. But they still have, if they're
working on the AUM model, they still have an ulterior motive to keep your
money invested in the market, as opposed to putting it in a new city. Now, with some of the fee only
annuities or the no fee annuities that is beginning to change a little bit, so finally, let's talk about
the practical implications.

In reality. If you leave your money in an equity,
heavy portfolio, you most likely are going to end up with a much larger chunk
of money at the end of your retirement to pass on to your friends and your
family or your favorite charity. Then you will, if you use an annuity On the other hand, if you have guaranteed
income, you're likely according to the research to spend way more money in
retirement on things that you enjoy than you are, if you have your money in the
market, because while you will probably end up with a larger chunk at the end
of your retirement, if you leave your money invested, you're always going
to have way more volatility, right? You can have times in your portfolio
can be down 20, 30, 40%, which is going to make you worry to actually
pull money out of your portfolio. Whereas if you put your money. Into an annuity, you have a fixed
income stream coming in and you know that no matter what happens,
you're going to have, you know, $10,000 a month in income coming in.

And so you feel comfortable spending that
money on things that you enjoy in life. And so part of the decision that
you need to make is like, what do you actually value and prioritize? Do you value having less
worry, having less volatility? And you're not as concerned with leaving
a chunk of money at the end of your life, then maybe you should create
some more guaranteed income through. An annuity or through maximizing social
security or through choosing a job that has a pension, if you're still working.

Right.
So you might want to lean that way. On the other hand, if you're like, I
want to leave as much money to future generations as possible, and I can
withstand the volatility, then you might want to go into a more equity, heavy
portfolio and just ride the equity wave. Now for a lot of people facing
retirement, it might not be an either or. Maybe you put some money into an
annuity that hopefully between the guaranteed income that you're going
to receive from social security, plus some of the guaranteed income you're
going to receive from your annuity. You can basically make sure that all your
fixed expenses are covered and then you can leave the rest of your money in an
equity heavy portfolio that hopefully will grow significantly over time. You can pull some of that money out
to do things you really enjoy doing. Buy a second home, take the whole family to Disneyland
or whatever the case might be. Or leave a large chunk of
money at the end of retirement. And so really it's one of these
decisions that can't be completely answered by an Excel spreadsheet.

If we're just going to look in an Excel
spreadsheet, the best thing you could do probably is just put all your money in
the market and just ride the volatility. But that also might keep
you from sleeping at night. On the other hand, if you want to
sleep at night and have guaranteed income, the best thing is probably
to put everything you have into an annuity, and you just have guaranteed
income for the rest of your life.

And you're able to spend
your heart's desire. But you have nothing to
leave for future generations. Probably neither of those
options are perfect. And so maybe finding a middle
ground of that, that blended option is best for you, whatever you do. I would highly recommend that you find
a financial advisor that's fiduciary. And honestly, it might be helpful to find
a fiduciary that has an AUM or a flat fee model, and also offers a annuities
either through no fee annuities or no commission annuities, or maybe has an
insurance license and can write annuities. And that way, if you have a fiduciary that
can also write an insurance policy, maybe there's a little bit more balanced. The other thing you could do is just
find someone that will advise you for a fixed fee, do a one-time plan and
that their money is made simply from writing the plan and not from selling
you an annuity or managing your money.

Um, lots of different options. As always, if you liked this content
and if you can ding that bell,.

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Key & Peele – Retired Military Specialist

[hinges creaking] – I WAS WONDERING WHEN
I WOULD COME IN HERE TO FIND YOU SITTING IN THAT CHAIR. – IT WASN'T EASY
TRACKING YOU DOWN, DECKER. – WASN'T SUPPOSED TO BE. – I KNOW YOU'VE RETIRED,
BUT– – THAT'S ALL BEHIND ME NOW,
GENERAL. I'M NOT THE MAN YOU KNEW
DURING THE COLD WAR. – I UNDERSTAND. WE'RE NOW FACING A THREAT UNLIKE
ANY WE'VE EVER FACED BEFORE. A MAN WITH YOUR EXPERTISE–
– I MADE A VOW. NEVER TO KILL
ANOTHER HUMAN BEING. SORRY, GENERAL, GONNA
HAVE TO FIND SOMEONE ELSE. – OH… NO, WE WEREN'T
THINKING YOU'D DO IT. WE WERE–[clears throat]
JUST HOPING YOU COULD RECOMMEND SOMEONE
FOR THE JOB. – I GUESS I COULD
COME OUT OF RETIREMENT. – NO. NO NEED.
JUST A RECOMMENDATION WILL DO. – ALL RIGHT. I'LL DO IT. – YOU KNOW, YOU'RE JUST
NOT WHAT WE'RE LOOKING FOR. – YOU SLY SON OF A BITCH. YOU ALWAYS KNEW
HOW TO PUSH MY BUTTONS. I'M IN. – NOT YOU, DECKER. – I'M SHARP AS I EVER WAS.
– [sighs] – EVEN FASTER TOO.
GRAB MY HAND.

NOPE. WAIT TILL
I COUNT TO THREE FIRST. – REALLY? – ONE. TWO. THREE. OKAY. I WANT YOU TO TRY
AND SLAP ME IN THE FACE. UNH! WASN'T READY FOR THAT. TRY AGAIN. UNH! OKAY, YOU KNOW WHAT? – NOW WHAT?
– DIDN'T HAVE MY ADRENALINE UP. 'CAUSE THIS IS NOT AN ACTUAL
HIGH-STAKES SITUATION. ALL RIGHT. DRAW YOUR WEAPON. AND…DISARMED.
[gun hammer clicks] YOU'RE GETTING PRETTY QUICK
AND DISARMED–OKAY. I DON'T NEED
TO TAKE YOUR WEAPON. YOU KNOW WHAT?
SHOOT ME. – I AM NOT
GOING TO SHOOT YOU. – WING ME IN THE SHOULDER.
– THIS IS RIDICULOUS! – TRY, GENERAL.
SEE WHAT HAPPENS. – [sighs] – DEFLECTED–OOOWW! – OKAY. I MADE
A MISTAKE COMING HERE. – WING ME IN THE OTHER SHOULDER.
– I'D RATHER NOT. – I INSIST. DEFLECTED–AAAHH! THAT WAS BECAUSE MY OTHER ARM
WAS ALREADY INJURED. – OKAY. I'M LEAVING.
– [grunting] ALL RIGHT. ALL OR NOTHING. GUT SHOT. – NO!
– GUT SHOT! COME ON! IF YOU CAN SHOOT ME IN THE GUT,
I'LL CONCEDE.

– DECKER, YOU HAVE
TWO WOUNDED ARMS. – GUT SHOT! GO! – GOT IT.
[groans] – YOU–YOU CAUGHT THE BULLET? – OH, YEAH.
[groans] – SO YOU'RE TELLING ME
THAT THE BULLET IS IN BETWEEN
YOUR HANDS RIGHT NOW. – THAT'S WHAT
I'M TELLING YOU. – [sighs] [birds chirping] – IS THAT ALL YOU GOT? COME ON. HEAD SHOT. HEAD SHOT.
I'M READY. ONE SEC THOUGH.
[gunshot].

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401k to Gold IRA Rollover Companies – Avoid These Crucial Mistakes by..

hi there thanks for taking a moment to listen to my message I've worked very hard my whole life to save for my retirement and however with the looming economic instability and inflation consistently rising I began to worry about whether my money was safe and so I did some research and I discovered that my finances were actually better secured in gold which actually increases in value during hard times unlike paper money or stocks and real estate and when i first started looking for a company to roll over my 401k funds into gold i was overwhelmed by the amount of gold dealer websites i found so i needed help to make sure that i would choose the right company and what i mean by that is that i mean a trustworthy company that has a genuine expertise in gold ira rollovers that would store my gold securely without charging any hidden fees I was recommended to the gold rush exchange by a colleague of mine as a great resource for gold ira information and i was very happy to receive a lot of clear and very comprehensive knowledge about gold ira rollovers which was broken down well enough for even a novice like myself to understand well and best of all the site contain a lot of comparison charts the top-rated gold ira companies based on customer reviews and ratings from the Better Business Bureau the business consumer Alliance and trust link and with the gold rush exchange calm I was able to make an educated decision in choosing the right company to secure the most valuable investment of my life so for those reasons i highly recommend that you visit this website before making calls to different gold ira companies you'll find the site at the gold rush exchange calm or you can just click the link below in the description

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This Is How To Become A Millionaire: Index Fund Investing for Beginners

hi guys it's mark so did you know if you save two hundred dollars per month at an eight percent annual return then in 45 years you would have over wait for it one million dollars to be honest when someone first explained this was possible by investing in index funds i hardly understood a word they were saying it was like they would speak in a different language today i thought it was about time that i made the video that i wish i'd seen when i was younger and explain everything step by step and because i like people that actually practice what they preach i'm gonna be investing ten thousand dollars of my own money during this video so you can see exactly how it's done just a quick disclaimer though i'm not a financial advisor i'm a businessman and this is just some of the real life strategies that have worked for me personally i always thought of index funds as my backup plan if my businesses hadn't been successful then i would have become a millionaire anyway through these investments just remember if you like the video then smash the like button as it really helps push this video out to more people and also consider subscribing if you want to grow your wealth part one uncovering the lies so let's cut to the chase you've been put a major disadvantage people have been telling you lies about investing all of your life for instance at school when i was growing up i remember asking my teachers about investing and they always said it's just for rich people as they can afford to hire professionals to do it for them for the longest time i believed investing wasn't for me because i wasn't a pro and i didn't have much money and i thought i wouldn't stand a chance then we got friends one of mine said i'd have to look at all the financial newspapers learn how to read the charts and according to him it just wasn't worth my time and on top of this every time i mentioned investing to my family they seemed so scared because they thought it's the most risky thing in the world and not for normal people my dad even said if i started investing i'd lose all my money can you believe that these lies are exactly what the experts want you to believe as they know that index fund investing is extremely easy to do you don't need much money to start the risks are pretty low and on average it will make you more money in the long term the dark truth is that the average actively managed fund returns two percent less a year than the market in general this means that professionals on average are doing worse than index funds and even if they end up losing you money they still charge you fees no matter what now according to my favorite film the matrix you have now taken the red pill and you've woken up to the truth it's now time to move on to part two understanding the game i know when i first started investing i felt like i was going to make so many mistakes but once you understand their language it all becomes so much easier and that's what we're going to be talking about in this part so i've been banging on about index funds in many of my videos so i think it's about time i explained what they are and why they're so cool i'm a big football fan and if you have ever followed any sports you'll be familiar with a league table like this the better your team performs the higher up they'll be on the list but on the other hand if they do really badly they might be removed from the league entirely this is almost exactly the same as an index all you have to do is switch out the teams for companies let's take the s p 500 for example this is a list of the 500 best performing public companies in the usa the big dogs being amazon google apple and more recently tesla and just like a league table if a company doesn't perform well they're at risk of being removed from the list hasta la vista baby the idea of an index fund is to be a little bit sneaky as it allows you to invest in every single company on the list with just one click it's a bit like a friend of mine who picks a different football team each year he just wants to pick the winner every time so investing in index funds means that even if a few companies do terribly then it's balanced out by the companies that are doing extremely well the average return on the s p 500 over the last 10 years has been 13.6 now that is higher than usual but get this no one has ever lost any money if they've bought and held an s p 500 index fund for more than 20 years so if this is so foolproof then why do people still buy individual stocks well personally i like to do this just for a bit of fun i also think that some companies are currently working on awesome technology for the future but aren't making a lot of money at the moment so they won't make the cut into the popular index funds so now and again i like to invest some extra money into these up and coming companies so i don't miss out and that reminds me we bought currently giving away four free individual stocks if you want to pick them up i'll leave the link in the description and for everyone that's outside of the usa or china i'll leave a link where you can claim a free stock with trade in 212.

Hey that's pretty good you'll often hear people throwing around the terms roth ira in the usa stocks and shares isa in the uk tfsa in canada and supers in australia but what does it all mean well these are types of accounts that allow you to earn profits on your investments and you don't have to pay any taxes on them but they generally have limits because they're just so powerful these are kind of like captain america shield so let me explain if captain america just sat at home with his shield then he wouldn't ever get anything done but when he takes that shield into battle he has an advantage so these accounts are like your shield make sure to use them when you're investing a way you can do this is by using the money inside your shielded account to invest into index funds and all the profits will be yours because the government won't take a cut one of my biggest questions when i first started was should i invest all my money at the same time or do it gradually now this is something lots of investors argue about so i'm going to give you my view on things remember later i'm going to be investing this 10 000 in full so that kind of gives you an idea of what i believe investing all your money as a lump sum is certainly more risky however if i'm investing in something i know will increase over time like an s p 500 index fund then there is no point waiting the longer you wait the worse off on average you'll be however if you don't have the cash i wouldn't wait to save up the money i would just invest what i could every month as sometimes you're going to buy when the stocks high other times you're going to buy when the stock's low but overall this is going to balance out and this is known as dollar cost averaging when you log on to an investing website or app you'll see that there is something called etfs which are very similar to index funds and a lot of people get them confused both allow you to invest into a basket of stocks however the easy way to remember the difference is just to think of what etf stands for exchange traded fund if we break that down simply it just means that it can be traded on the stock market throughout the day whereas an index fund can only be bought and sold for a price that is set at the end of each trading day but let's cut to the chase you probably want to know which one's better on average if you're starting with little money then etfs may be a better option as they have lower minimum investment thresholds and many brokers don't charge a trading commission now if you're still watching this and you're younger than 18 then i am really impressed that you've been listening to a boomer like me for so long but seriously not many people learn this at such a young age as they don't teach it at school a way you can start investing under 18 is to open up a custodial account in the usa or a junior stocks and shares iso in the uk set up these accounts you just need to ask your parents the real secret ingredient to this millionaire formula is time and when you're younger you have so much of it that's because every year as you keep adding to your investments the interest starts to compound and grow at a rapid pace it's a snowball effect once you reach a certain tipping point the interest you're making is much more than the amount you're investing on a monthly basis it's a bit like when you see someone take ages to get to a hundred thousand subscribers on youtube and then within a few months they managed to hit the big million the sooner you get started the better as time will be on your side now i want to clear something up when people talk about index funds you will hear s p 500 again and again people just love it as i mentioned before this is a top 500 public companies in the usa but the cool thing is you don't actually have to be in the usa to invest in this i'm in the uk and it's one of my favorite investments i just love to think that i own a small part of all the biggest companies in the usa part three mastering the strategy so lots of people will teach you what to do but they won't actually say how to do it so i'm going to walk you through everything right now while i invest my own ten thousand dollars the first thing to really do is to work out your goals let's say you want to become a millionaire that was one of my goals i just had to work out how much i would actually need to invest per month to achieve this i love using these compound interest calculators you can find them online easily yourself if you want to have a go at this so if you're able to invest 250 dollars per month with an 8 annual return over 42 years you'll have over a million dollars in your account now if you're able to invest that for another 10 years you'll have over 2 million in your account of course if you wanted to invest even more then you're just going to speed up the whole process the next thing we need to do is pick the brokerage website we're using to set up our account and invest the ones that i love are charles swab fidelity and vanguard i call these the big three the founder of vanguard john bogle is often referred to as the father of index fund investing and if you think i'm a boomer he was even older than me his vanguard group gave birth to index funds so they're the oldest and most trusted let's jump onto their website to see what they have to offer so to get onto their full list of funds just go up to invest in and click on vanguard mutual funds at this point i'm going to have to ask you to strap in and brace yourself because if you haven't seen this page before it can look extremely overwhelming but in a minute you'll be able to impress all your friends when you know exactly how to read it see what i mean there are just so many options the main things to focus on are the expense ratio which is how much they're going to charge you per year you obviously want to keep these as low as possible and luckily with vanguard fees these are very low anyway the other thing to look at is the average returns and they break these down nicely on the right hand side of the screen but of course it's always good to remember that past performance doesn't always mean future returns my wife's a bit like vanguard she likes everything in order and nothing out of place so they have arranged all of their funds into different categories so everything is easy to find category one is bonds these are a type of contract that companies and governments sell when they need extra money if you invest in these they promise to pay you back in the future these are often seen as pretty low risk but also pretty low returns therefore the older you are the more bonds you should have in your portfolio number two is balance funds the idea of these is to pick the age at which you wish to retire and they'll do all the rest of the work for you and find the right mix of index funds as you can see these go up in five year intervals and you can pick whichever suits your plans best this could be a good option if you wanted to invest without thinking about it too much but personally i always prefer manually investing it's a bit like driving an automatic car that does all the work for you it just isn't as much fun as a stick shift number three is company location and size known as small medium and large cap here you can find v fix which tracks our old friend the s p 500 this little s means it's one of vanguard selected funds which they recommend if you click on it you're able to see exactly what companies you would be investing in and also the risk level vt sacs is another good one which is a total stock market index fund which has over 3586 different stocks this allows you to invest in the entire usa stock market in one click there is a minimum investment of three thousand dollars again but as before there's also an etf version with no minimum called vti then you have international stocks quite a cool one is emerging markets which invest in companies based in china taiwan india and many more but as you can see this is a five on the risk scale so i wouldn't personally invest a lot of money into this fund because look at me i'm a bit old to be taking too many risk and i need to sleep at night number four the last category is sector based so if you have a particular interest in energy healthcare or real estate you can invest into these sectors and there are also a lot more options for sector investing in the etf so now we've broken down what's on offer hopefully it all looks a bit more understandable now for the moment you've all been waiting for it's time to invest my ten thousand dollars i could split this between lots of different funds but personally i like to invest the majority of my money into american companies i would say probably about seventy percent american 20 in other countries including the uk and ten percent in some bonds i like to keep the bonds quite low as i don't mind this little extra bit of risk because i'm only 53 and i have a bit of time before i've got to rebalance my portfolio to secure my investments but that's a personal choice depending on your risk tolerance the funds that are available are different in every country but the indexes they track are very similar so you may need to invest in a different fund to me but obviously you can still use my percentages as a guide so i'm going to use the uk vanguard site to invest 5k straight into this etf that tracks the s p 500 so here we go all done two thousand dollars is going into an index fund that tracks the total american stock market so again we go on the screen click so far that's 70 invested in the biggest economy in the world which of course is the usa now i like to balance this out by investing in a different economy as i live back in my own country i'm going to be putting 2k into the ftse 100 index fund so looking good all done great now i've invested 90 of my 10k and i'd like a bit of security let's just put the remaining 1k into a global bonds index fund and let's just do that so just like that i've invested in the usa companies like apple amazon tesla and google i own a small piece of the biggest companies in the uk like hsbc bp and unilever and i have some bonds to balance out my portfolio it really is as easy as that so i'm going to leave the next video up here but don't click on it just yet remember to subscribe to the channel if you want to grow your wealth ring that notification bell and smash that like button okay i'll see you on the other side

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The Jewish Secret To Wealth | IN GOD WE TEST | Full Movie

The Jewish people have always had
a peculiar relationship with money. Their Torah recounts tales of men accumulating fortunes
of biblical proportion. When God took his people out of Egypt,
he brought them to the foot of Mount Sinai and revealed to them secrets,
one of which was the secret to wealth. Throughout the ages, the world could not help but admire the
Jewish people for their business powers. Admittedly,
in some generations the admiration turned to hatred and became an excuse
to commit unspeakable atrocities. Their greatest critics will say that they control the banks, the media
and financial markets. Is it all just a coincidence? There is no denying that this ancient
people possess a secret to the accumulation of riches
that is defying the rule of nature.

Alas! What is that great secret? In God we test I've always been fascinated with money. Even since I was a kid. I remember that I had this picture book
when I was younger that inside of it, instead of putting photos,
I would put bills. $5 bills, $10 bills. As I grew up, I would read any business
book that I could get my hands on. And I'd also listen to any positive
thinking guru that I could find. I guess you could say I've
always been a student of money. What is their secret There is a secret to wealth that the Jewish people have
known for thousands of years. It was hidden inside of the Bible and was not ready to come out until this
very last generation. You see, we're all ruled by one power, by one force, by one Creator,
and we all are subject to His laws. And when we know how to apply that to our lives, we're able to unleash wealth
that we never thought possible.

The Jewish secret to wealth is
Charity, in Hebrew called Tzedakah. Tzedakah The big, big, big key is the Tzedakah. Giving the money actually
gives us back more. Because I prioritize
giving. God prioritizes me. The key secret is my charity that I give. Tzedakah plays an intricate role in my everyday life and decisions
that I make within my life. Si quieres ganar, tienes que dar (If you want to earn, you need to give) Generous people are
more successful people.

Zohar says, open up for me a vessel like the eye of a needle, and I'll
fit an elephant through it. Forget what you think is possible Now, this goes against all logic. According to simple math. If a person has ten of something and they take one and give it away,
they're left with nine. Imagine a pie that you have
in front of you, okay? Someone gives you a beautiful apple pie that you love, but that's the amount
of money that you've earned during the year that you worked hard for,
that you sweated with.

You've got receivables and payables
and staff and finding clients. We're sweating for our money,
and that money is that pie. The idea of giving away one or two slices away Hashem has ways to give you
back those two slices and more. What we're talking about here
does not go according to nature. We are talking about a secret code that the Creator of the universe himself
embedded into the fabric of the universe. We're not talking about karma, that if
you do good, you're going to get good. No! We're talking about
a hack in the matrix. When God sees that a Jew is generous with charity, He is generous with him. Instead of four times, he receives five times the amount – and many times more.

Along with the abundance of good which he receives from above, he is also blessed with the success of using it for only good things, amidst health and joy, for purposes of Torah and Judaism, with joy and gladness. When I came home from yeshiva,
I went back to work. The Rabbi from my synagogue came, and he asked for a pledge
for the following year. He asked me for $18,000,
which is roughly $1,500 a month. And that's what I owed
at that time for charity. So I gladly said yes. By the end of the year,
I fulfilled the pledge, but again, didn't think too much about it.

That next
year I left my family business, and I went to go start my own
company from absolutely scratch. Right before Rosh Hashana, the Rabbi came to my new office
to pledge me, as he does every year. And when he walked into the room,
his face turned white. He was used to seeing me in a big fancy office with a big mahogany
desk with a big corner view. And that year he walked in and I was alone in a dingy office sitting on a $10 Walmart
chair and those white folding tables. That year I was expecting
the Rabbi to go easy on me. He sits down at the table and he says
to me: "This year I'm not going to ask you for 18,000, but this year
I'll ask you double $36,000." I went into a trance. The Rabbi froze in front of me.

It was just me, myself and God. And at first I was angry. I was saying to myself,
how could he do this to me? He knows that I'm starting fresh. He knows how hard it is. How could he ask such a big ask? But then I thought to myself, if this is all true, then God is
not going to hurt me for giving charity. When it comes to giving charity, there should be no calculations. Don't rely on what you think is possible, and even on your own good heartedness. The Torah calls it "the generosity of your hand," given immediately, without limitation. I came out of the trance. One single tear ran down my cheek,
and I said one word. Okay… I said it's up to God. It's not my problem. I'm going to do my best
and I'm going to commit. But at the end of the day,
it's up to Him to make sure it happens. My father-in-law, the Rebbe, said that when a Jew commits to give an amount which seems totally unfeasible from a financial perspective, God opens a new conduit for him to help him fulfill his good resolution amid joy and gladness – which means that he is given several times more, in order to be able to give that amount happily.

That year in business,
I absolutely exploded. It was an incredible year,
from zero to hero overnight. The type of growth that I
had was not normal. And by the end of that year, I was able to fulfill every single
dollar of that $36,000 pledge. It was hidden So I started to go on a search to find where exactly the source for this concept
of giving charity makes a person wealthy. So I came across the standard line in Torah that everybody knows,
which in Hebrew is called asher tis'asher. Asher tis'asher. which means that when a person gives charity, he becomes wealthy. Ties to become wealthy. So I continued to learn and study more, and I came across the magic phrase I'm
about to tell you that changed my life forever and is about
to change your life forever.

And the secret hidden line is
found in a book called Malachi. And it goes like this: Ubechanuni Na Bazos. Ubechanuni Na Bazos God says with regard to charity, "Test Me with this." Even though, in general, we are not permitted to "test" God, the exception, as cited in the Code of jewish law, in the section Yoreh De'ah, in the beginning of Laws of Charity, is with regards to charity. Not only are we permitted to test Him, but God actually challenges us, "Test me". The next year, when the rabbi came and asked for $50,000,
I gladly obliged, of course. And the year after that,
they asked for $100,000. Now, that was really pushing myself.
I said yes.

What was I going to do, say no? Would you believe that
it worked again?
It was all starting to make sense. I tested God, and he opened up new channels,
new ways for me to make a living. And I had made more in that year when I gave $100,000 than I had
ever made in my life. And I also had enough left over. By then I was so convinced when it came to charity that there's no difference for me
between taking a ball and dropping it and letting it fall by gravity and giving
charity and getting money back in return.

There's no difference. There are others As I started documenting and talking more about my experience with charity,
all of a sudden, from all around the world,
people would reach out to me, telling me about their stories,
their miracles that they themselves saw. So the first time that we gave charity in a way that I would describe as making
us slightly uncomfortable was, Eda and I went to a class at Chabad
of Ohio State University.

They were hosting
Rabbi Yossi Jacobson YY. We were super inspired. He spoke about a number of things, one of the things being giving
and the importance of giving. We walked up to Rabbi Jacobson. We said, Rabbi, your message is fantastic. It's powerful, and it needs
to be heard by the world. Why don't you start a website, an online
yeshiva, and we will underwrite it. And I had no idea what the financial
commitment would look like. The dollar amount was tens of thousands of
dollars to start it, build it, fund it. I was extremely uncomfortable. Eda was uncomfortable. But we felt like this is really important. Hundreds of thousands of people could potentially be learning
and growing as a result of this. And we did it. Every year we would give more, and we were "testing" Hashem every year,
we would see clearly those results.

When you give,
you give for fun and for free, with no expectation of getting
anything in return. And what you get after almost
becomes just like the cherry on top. With covid, everyone was cash tied. I was especially cash tied. I was coming out of Sabbatical in Israel
where I had very little income, and I decided to put a donation and it was
well above my means at the time. And less than a year later, I closed probably the biggest cash
deal of my life and blew my mind. The fact that God had
reimbursed me not only with the fund amount, but also that he rewarded me, so to speak,
with ten X was phenomenal to me. I had a friend came up to me, told me,
Alberto, are you giving…How much are you giving? Do something, calculate 20%. And I'm like: Are you crazy? How can I give 20%? Just do it. You know If you want to continue to be a guy
who pay your bills and is doing okay.

Okay. But if you want to go strong, it's a 20%. After that day, I like what he said,
and I separated 20%. I cannot explain how that opened up
the possibilities of businesses. I did find myself at a point where I had gotten into divorce, and now I was
running a home as a single parent. It became a struggle to give as
freely as I did in the past. Even if it was kind of a challenge, I always benefited on the flip side,
so I would get a tax refund that year, or I would have the opportunity
to work at another job.

So I always found that even in giving,
God will ultimately reward you. It was our first Shabbat,
or maybe second Shabbat in the community. And we're at Kiddush and I meet this guy and I'm talking to him,
and we're having some drinks, and Rabbi Corn comes over and he's pouring
whiskey for everyone, and he says, Yaakov, make sure that this guy gives
good donations this year. And I laughed it off. What am I going to do? So I decided to joke. Whatever you give, I'll match.

I had no clue how much he had given. So it turns out that he had
committed $18,000 for the year. That was five times more than
any donation I had ever given. What am I going to say? I just hoped and prayed that I'll
be able to give it, and I meant it. Somehow, with God's incredible blessing,
I was able to give that much and more the year after, I gave at least
five times that amount. The thing I realized at that time that still sticks with me is we're just
a vessel for creating wealth and serving as a channel for God to get it
into the hands of those who need it.

People often ask me,
what's your secret to success? So yes, I do a ton of networking. I work really hard but the key
ingredient is my charity that I give. I really feel that has
enabled me to scale. And things that don't even make
sense have been working out. Like it's beyond comprehension. I've been in many businesses,
everything from shoes, textiles. Our last business has been
the most successful one.

We made sure that everything that came in,
we were going to give 10% Tzedakah. And I believe that it's been successful
because of us taking so seriously giving Charity. My story with charity
begins a few months ago. I was at the grave site of the
Rabbi M'Ribnitz in Monsey, New York. I had a big project that I was
working months and months to get it. And I didn't see a path to getting
a signature on my contract. And I told for the Rabbi that if I'm going to get it, I will donate my charity
from this project for his schools.

Five to six days later and this is already after months of back and forth,
I got in my inbox a signed contract. It was signed on my terms and everything
started rolling from there. This was like a very
special moment for me. Just five, six days after promising Charity, all of a sudden,
boom, the contract was signed. A close friend of mine reached out to me
and he's like, I have a friend of mine. He lives across the country.
He has no money. His parents have no money,
no one has any money. He needs help. So I was like, sure, whatever he needs,
I'll take care of it. And I supported him for the entire year. And it came to a point at the end of the
year, I wanted to go back to Israel. I needed that money to get there. I was short I was short $5,000. I went to a friend of mine, I'm like,
hey, this is the situation. Within three days, I had 5000 plus plenty of extra to get me
through the entire year. And it was just so clear to me that that
was literally me giving to someone else.

God gave right back to me. Our minds are so small, and it's only
us that limit the capacity of Hashem. And once we do that, Hashem says,
okay, Ad Kan, I'm going to stop here. But in your mind, if you say no, Hashem is bigger, He's greater,
it's endless, then Hashem says, okay. You'll see. Is it enough There's a man in my synagogue
that every year gives $10,000.

And I asked him if he could stand up
in front of the congregation and speak to everybody and talk about the blessings
that he sees from his charity. But he told me, Berel, I can't because I
don't see any blessings from my charity. And this really bothered me because I'm
the guy that pledges him every year. So how could it be that he doesn't see it? And I went home and I thought about it
and I did the math and the reason why he's not seeing the blessings from his charity
is because he's not giving enough. He only gives $10,000, which means that God only has to give him
$40,000 that is left for him to keep. The Source of life, God. So God is assuring us that if we give a fifth of our earnings to provide for those whom He must sustain, then He will multiply it four times, and it "shall be yours".

This is written in holy books. So if he gave $20,000,
then God would give him $100,000. If he gave $40,000,
then God would give him $200,000. You see, the problem with Charity and the way we've been looking
at it forever is this: most people look at Charity
going backwards. They say to themselves, if I made $100,000
this year, then I owe $10,000 to Charity. The problem is, if a person makes $100,000
after tuition, after rent, after food, after insurance, and after a vacation,
he has no money left.

He might even be in debt. He doesn't even have $10,000
left over to give to Charity. So he's not even doing that bare minimum. Here came the Lubavitcher Rebbe and changed everything and flipped it
completely on its head. Instead of looking backwards at what you made to determine what you owe to Charity,
he challenged us to look forward and make a pledge and decide how much money we
want to make for the upcoming year. And based on how much our pledge is,
that's how much we're going to make. "God attaches a good thought to action." When a Jew decides to do something positive, even if it seems beyond his means, and even if it is truly beyond his means – nontheless, because he resolved, despite his limitations, to do a favor for another Jew, although the other is wealthy, he resolves to do the favor with self-sacrifice, we are assured that God will help him honor his pledge.

I tested God And I won After learning all this last year when I went to go make my pledge for Charity,
I wanted to really test God with Charity. At the end of the day, a lot of people think that it says you can
test God, but really, if you read it properly, it says, test me
with Charity as if it's a commandment. It's a Mitzvah to test God with Charity. is with regards to Charity. but God actually challenges us, "Test me!" So this year, instead of going up by 18,000
or 36,000, I decided to really test God and see if this thing is
true once and for all. I pledge a quarter of a million dollars. And what do you think happened? True to His word, a new business was formed : my executive
coaching firm that not only paid off the quarter million dollar pledge,
but left me thank you, God. With plenty left over that I was able
to do it with joy and with happiness.

Just goes to show, when you test God in Charity, you're going
to see incredible miracles in your life. Your turn I now want to give you the exact method
that you could start applying this in your life exactly where you are
right now, right here. Step one, you make a pledge to institutions that the
foundation is based on God. Now, disclaimer the pledge that you make
should not be irresponsible, and it should be within the world
of reality, but from the same time, the pledge should be something that pushes
you beyond what you're comfortable giving. Step two is you write a document to the institutions that you're pledging
to, telling them the exact amount of money that you're going to be
pledging for the next year.

And then step three is, every single month you send a check
out to those organizations. My personal favorite is writing postdated checks and giving them
at the beginning of the year. So I take myself out of it. And what you are about to do is testing God with the greatest Mitzvah
that there is, which is Charity. And it says that nothing brings the Messiah, the Mashiach,
closer than giving Charity.

Once you test God and once you see
the blessings explode in your life, you will never be able to go
back to a regular life again. And when you do see those blessings,
make sure to tell everybody that you know about this incredible Mitzvah
of testing God with Charity. In God we test Subtitles : HIVI Productions (en.hivi.fr) Translator : Liora Dvash.

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2024 Canadian Retirement Income Guide

WELL, A TRADITIONAL PENSION IS BECOMING HARDER TO COME BY THESE DAYS. SO BUILDING A STEADY RETIREMENT INCOME IS KEY FOR ANY FINANCIAL PLAN. CANADIANS HAVE MORE THAN ONE OPTION WHEN IT COMES TO WHERE THEY SHOULD BUILD THAT RETIREMENT INCOME FOR THE FUTURE OR ACCESS ADDITIONAL RETIREMENT FUNDS FOR TODAY'S YOUR MONEY MONTH SEGMENT, WE'RE JOINED BY TED WORKSHOP AND HE'S PRESIDENT AND CEO OF TRI DELTA PRIVATE WEALTH ATTEND. THANKS SO MUCH FOR COMING IN. IT'S GREAT TO BE HERE. THANK SO THIS IS THIS IS A GREAT TOPIC TO TO DIG INTO FOR REALLY ANYONE OF ANY AGE BECAUSE THEY MIGHT BE THINKING ABOUT THIS REALLY EARLY OR THEY MIGHT BE NEARING RETIREMENT AND THINKING, OKAY, MAYBE THERE'S SOME OTHER OPTIONS FOR ME HERE OF OF FUNDS THAT I COULD ACCESS ARE WAYS THAT I COULD MANAGE MY BEST IN IN RETIREMENT. >> SO MAYBE WE SHOULD START, THOUGH, JUST WHERE YOU KNOW, WHERE PEOPLE SHOULD GET STARTED WHEN THEY'RE THINKING ABOUT THEIR RETIREMENT YEARS AND EVEN JUST THE BUDGET, HOW THEY SHOULD BE LOOKING AT WHAT THEY NEED IN RETIREMENT. WELL, I ALWAYS SAY IT, IT STARTS WITH 2 THINGS.

ONE IS. >> YOU WERE WORKING AND YOU HAD A PAYCHEQUE AND THEN YOU EITHER ARE OR MIGHT IN THE FUTURE. STAFF WORKING IN THE PAYCHEQUES GOT. OKAY, HOW DO I REPLACE THAT? PAYCHEQUE? SO THE NEXT THING IS HOW MUCH TO SPEND AND SPENDING SOMETIMES CHANGES IN RETIREMENT. THERE'S EXPENSES THAT DISAPPEAR AND IN SOME CASES, ESPECIALLY IN EARLY RETIREMENT, SOMETIMES AS MORE TRAVEL AND SOME OTHER EXPENSES. SO YOU SORT OF SAY WE START WITH HOW MUCH TO SPEND AND THEN YOU GO, HOW DO YOU BUILD THAT PAYCHEQUE FROM VARIOUS SOURCES AND HOW DO YOU DO IT? MOST TAX EFFICIENT. >> YEAH, OKAY, SO LET'S GO THROUGH SOME OF TOP SOURCES ARE TOP WAYS THAT YOU EITHER, YOU KNOW, BUILD YOUR RETIREMENT INCOME IN VARIOUS DIFFERENT FUNDS OR OR BE LOOKING TOWARD.

THE VERY BASIC FOUNDATION OF THINGS AND THAT THE CANADA PENSION PLAN, IS ONE ASPECT THAT PEOPLE SHOULD BE CONSIDERING. YEAH. AND SO EVERYONE HAS ALWAYS A LITTLE BIT OF TRICKING US TO IT. YEAH. SO CANADA PENSION PLAN, MOST PEOPLE QUALIFY. >> BUT THE QUESTION IS, DO TAKE IT. 62, TAKE IT 65 TO TAKE 70, WHAT WHAT MAKES THE MOST SENSE FOR SO ONE OF THE THINGS IN DIED WE TALK ABOUT THAT MAY ALSO HAVE A LINK TO A CPP CALCULATOR THAT HELPS YOU DETERMINE WHEN YOU SHOULD TAKE. OKAY. AND ARE THERE ARE THERE THAT WOULD SORT OF SWAY YOU ONE WAY OR THE OTHER? >> WELL, THE BIGGEST ONE IS HEALTH. >> AND IF YOU'RE GOING TO LIVE TILL 90, YOU MIGHT AS WELL WAIT TILL 70 IDEALLY TO TAKE CPP IF YOU'RE NOT IN GOOD HEALTH, YOU WANT TO TAKE AS SOON AS YOU TURN.

60. >> THE OLD AGE SECURITY IS ANOTHER ONE THAT APP PEOPLE TURNED TO BETS FOR MORE. IS IT FOR MORE OF A LOWER INCOME IN YOUR RETIREMENT YEARS? NOT SO BASICALLY UP TO ABOUT 86,000 OF INCOME. YOU GET FULL OLD AGE SECURITY AND THEN UP TO I THINK IT'S ABOUT 145,000. IT GETS SORT OF SLOWLY DECLINES TO 0, BUT IF YOU HAPPEN TO BE IN A RELATIONSHIP AND HAVE A PARTNER AND YOU CAN SPLIT INCOME, YOU CAN, YOU CAN HAVE $170,000 OF INCOME SPLIT EQUALLY AND STILL GET FULL OLD-AGE SECURITY. SOME MOST CANADIANS WILL QUALIFY AND SO HOW MUCH WOULD SOMEBODY BE LOOKING AT IF YOU KNOW, ADDING TOGETHER, CPP AND OAS? WELL, MAXIMUM, YOU TAKING IT 65, YOU COULD HAVE 48,000 A YEAR COMING IN BETWEEN A COUPLE, A LOT OF AGAIN, ALL OF THESE THINGS WE HAVE A U.S.

CALCULATOR AT WEBSITE AT RIDOUT, THE .CA AND ALSO TALKS ABOUT IT THE GUIDE. >> THERE'S ALSO, OF COURSE, AS YOU KNOW, FUNDS THAT YOU MIGHT BE SAVING IN YOURSELF. RECIPES ARE, ARE A BIG ONE WHEN YOU'RE TALKING ABOUT RETIREMENT PLANNING, BUT THEN THERE'S ALSO R I F BUT TO WHICH YOU HAVE TO CONSIDER WHEN YOU'RE WHEN YOU'RE GETTING TO THOSE RETIREMENT YEARS. SO THE KEY THERE IS. >> IF YOU'RE MAKING A HIGH INCOME, I THINK YOU WANT TO PUT MONEY INTO RRSPS AND GET THE TAX REDUCTION.

THE ISSUE IS WHEN YOU TAKE IT OUT, SOMETIMES IT MAKES SENSE TO TAKE RSP MONEY OUT. LET'S SAY YOU'RE TIRED. 60, TAKE OUR SPEED MONEY OUT FOR THE NEXT 10 YEARS AND DEFER TAKING YOUR CPP AND OAS. SO THERE'S A FEW MOVING PARTS. YOU WANT TO THINK ABOUT, BUT YOU'RE SORT OF LOOKING GOING. IT'S ALMOST LIKE MAKING A MAKING A BIG MEAL, RIGHT? WHERE YOU TAKE FROM WHAT DO YOU DO FIRST, WHAT DO YOU DO SECOND? AND SOME OF THEM HAVE BIG IMPACTS ON ON THE TAX BILL HE YEAH, THAT'S I MEAN, THAT'S EVEN JUST AN TIP THERE THAT IF YOU ARE TAKING THAT OUT OF THOSE FIRST YEARS AND THEN YOU COULD DELAY YOUR YOUR CPP A BED PEOPLE MIGHT HAVE OTHER INVESTMENT THAT NON-REGISTERED AND INVESTMENT ACCOUNTS.

WHAT WOULD YOU THINKING OR WHAT SHOULD PEOPLE BE THINKING ABOUT WHEN IT COMES AGAIN, YOU CAN SOMETIMES SOMETIMES I SAY TO PEOPLE. >> LET'S TAKE SOME MONEY OUT OF YOUR NON-REGISTERED ACCOUNT AND SOME MONEY OUT OF YOUR RRSP OR ACCOUNT TO TO BUILD YOUR RETIREMENT PAY CHECK BECAUSE IT WILL KEEP YOUR INCOME LOWER. >> YOU PAY TAX, EVERY DOLLAR COMES OUT OF THE RSP OR RIF, YOU DON'T PAY TAX COMING OUT OF THE OTHER COUNT. SO IF YOU COMBINE IT TOGETHER, MAYBE YOU CAN, YOU CAN, YOU KNOW, GET ALL OF YOUR OLD AGE SECURITY, PENSION SALT. AGAIN, ALL OF THESE THINGS ARE THEY'RE NOT A SIMPLE WHEN YOU SORT OF LOOK AT ONE AND IT SORT OF OKAY AND LOOK AT ALL OF THEM, YOU WHICH ONE DO I DO FIRST AND WHAT IN WHAT MEASURE? YEAH, WHICH WHICH IS GREAT THAT YOU DO HAVE THIS CHECKLIST THAT PEOPLE CAN GO THROUGH AND CHECK IT ALL OUT.

AND YET WE ONLY HAVE ABOUT A MINUTE LEFT HERE. MAYBE IF YOU WANT TO TOUCH USING YOUR HOME EQUITY, BECAUSE THAT MIGHT BE SOMETHING THAT PEOPLE ARE THINKING ABOUT MANY PEOPLE. YEAH, SO HOMEEQUITY, ESPECIALLY FOR PEOPLE PLACES LIKE TORONTO AND VANCOUVER, LOT OF PEOPLE ARE REAL ESTATE, RICH CASH, POOR. >> AND THEY SAY, I DON'T WANT TO MOVE FROM MY HOUSE. SO WHETHER USER REVERSE MORTGAGE WEATHER, YOU CAN SET UP A LINE OF CREDIT. A LOT OF PEOPLE DON'T THINK THEY CAN QUALIFY FOR A LINE OF CREDIT, BUT THEY CAN. >> WE OFTEN RECOMMEND PEOPLE BORROW SOME MONEY FROM THEIR TO LIVE A BETTER LIFESTYLE, RATHER THAN BEING RICH.

IT 90 WHEN YOU SELL YOUR HOUSE RIGHT BUT ALL THESE AGAIN, ALL THESE THINGS ARE IN CANADIAN .

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10 Essential Tips for Successful Retirement Planning

Hello and welcome to our channel. 
Today we will be discussing the   top 10 tips for retirement planning.
Before we get started, it's important   to note that retirement planning is a personal 
journey and what works for one person may not   work for another. It's important to take the time 
to understand your own financial goals and needs,   and to seek the advice of a financial professional 
if you have any questions or concerns.
  As always, make sure to Like and 
subscribe to the channel to stay   up-to-date on all of the latest news.
Now, without further ado, let's dive   into our top 10 tips for retirement planning:
Number 1. Start saving early. The earlier you   start saving for retirement, the more time your 
money has to grow through compound interest.

Even   if you can only save a small amount each month, 
it's important to start as early as possible. By   starting early, you may be able to retire earlier 
or have more flexibility in your retirement plans.   It's also important to increase your savings 
over time as your income and expenses change.
  Number 2. Contribute to a 401(k) or 
other employer-sponsored retirement plan.   Many employers offer 401(k) plans or 
other retirement savings plans that   allow you to contribute a portion 
of your salary on a pre-tax basis.   This means that the money you contribute to your 
401(k) is not subject to income tax at the time   of contribution, which can help you save more for 
retirement. These plans often come with employer   matching contributions, which can be an excellent 
way to boost your retirement savings.

For example,   if your employer offers a 50% match on your 401(k) 
contributions up to 6% of your salary, and you   contribute 6%, your employer will also contribute 
3% of your salary to your 401(k). It's important   to contribute enough to your 401(k) to take full 
advantage of any employer matching contributions.
  Number 3. Consider a Traditional or Roth IRA. If 
you don't have access to an employer-sponsored   retirement plan, or if you want to save more 
for retirement on top of what you're already   saving through your employer plan, you may want 
to consider opening a Traditional IRA or a Roth   IRA.

These are both individual retirement accounts 
that allow you to save and invest for retirement   on your own. A Traditional IRA allows you to 
contribute on a pre-tax basis, similar to a   401(k), but the contributions are tax-deductible. 
A Roth IRA allows you to contribute after-tax   dollars, but the money grows tax-free and 
can be withdrawn tax-free in retirement. Both   Traditional and Roth IRAs have annual contribution 
limits, so it's important to be aware of these   limits when making your contributions.
Number 4. Diversify your investments.   It's important to diversify your investments in 
order to spread out your risk and potentially   increase your chances of earning a return. This 
can be done by investing in a mix of asset classes   such as stocks, bonds, and cash. Within each 
asset class, you can also diversify by investing   in a variety of individual securities such as 
different types of stocks or bonds. For example,   you could invest in large, medium, and small 
company stocks, as well as international stocks.   This type of diversification can help reduce the 
impact of market fluctuations on your portfolio.
  Number 5.

Understand your risk tolerance. 
Different investment strategies come with   different levels of risk, and it's important to 
understand your own risk tolerance when planning   for retirement. If you're not comfortable 
with a lot of risk, you may want to focus   on more conservative investments such 
as bonds or cash. On the other hand,   if you're willing to take on more risk, you may 
want to invest a larger portion of your portfolio   in stocks. It's important to find the right 
balance for your own situation and to review   your investment strategy regularly to ensure 
it aligns with your goals and risk tolerance.
  Number 6.

Rebalance your portfolio regularly. 
As you get closer to retirement, it may be a   good idea to rebalance your portfolio to be more 
conservative. This can help reduce the potential   for loss as you near retirement and need to 
start withdrawing from your savings. Rebalancing   involves selling some of your higher-risk 
investments and buying more conservative   investments in order to bring your portfolio back 
into alignment with your desired asset allocation.   For example, if you originally had a 60/40 
asset allocation (60% stocks, 40% bonds),   but the value of your stocks has increased 
significantly, you may want to sell some   of your stocks and buy more bonds in order to 
bring your portfolio back to a 60/40 allocation.   Rebalancing should be done on a regular 
basis, such as annually or every few years,   to ensure that your portfolio stays in 
line with your goals and risk tolerance.
  Number 7.

Consider working with a financial 
advisor. A financial advisor can help you   develop a retirement plan that aligns with 
your financial goals and needs. They can help   you understand your options and make informed 
decisions about your retirement savings. They   can also help you create a financial plan that 
takes into account your current and future income,   expenses, and debt. Working with a financial 
advisor can be especially helpful if you have a   complex financial situation or if you're not sure 
where to start with your retirement planning.
  Number 8.

Plan for healthcare expenses. Healthcare 
expenses can be a significant factor in retirement   planning, especially as you age. It's important to 
consider how you will pay for healthcare expenses   in retirement, whether that be through Medicare, a 
private insurance plan, or out-of-pocket expenses.   Medicare is a government-run health 
insurance program for those 65 and older,   but it does not cover all medical expenses. You 
may need to purchase additional coverage, such   as a Medigap policy or a Medicare Advantage plan, 
to fill the gaps in coverage. It's also important   to consider the potential costs of long-term care, 
such as nursing home or assisted living expenses.
  Number 9.

Think about your lifestyle in 
retirement. It's important to consider what your   lifestyle will be like in retirement and how much 
money you will need to sustain it. Will you want   to travel or pursue hobbies? Will you need to pay 
for housing or will you have a mortgage-free home?   Understanding your retirement lifestyle can help 
you plan for the amount of money you will need to   save. It's also important to consider how long you 
expect to live in retirement and whether you will   have any sources of income besides your retirement 
savings, such as a pension or part-time work.
  Number 10. Keep an eye on your retirement 
accounts. As you get closer to retirement,   it's important to regularly check in on your 
retirement accounts and make sure they are   on track to meet your goals.

This can help 
you identify any areas that need improvement   and make any necessary adjustments to your 
retirement plan. It's also a good idea to   review your investment strategy and make sure 
it's still appropriate for your situation.   If you're working with a financial advisor, 
they can help you with this review and   make any necessary changes to your plan.
Thank you for watching. We hope these tips   have been helpful as you plan for your retirement. 
Remember to consult with a financial professional   if you have any questions or concerns.
Make sure to Like and subscribe below to   stay up to date on all of the latest 
news. We will see you next time!.

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