Target date retirement funds are a simple solution to save for retirement. But what about once you retire? Are there single-fund …
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Today's News for Tomorrow's Brew
Today's News for Tomorrow's Brew
Target date retirement funds are a simple solution to save for retirement. But what about once you retire? Are there single-fund …
source
VWENX and VGYAX – pretty dismal returns over any time period compared to SPY. I guess management buys you.
So in these funds of funds, aren’t you paying management fees on both the fund itself and also on the underlying funds? That’s a lot of management fees.
in 1986 MFST was going public, and I was in the IT biz. A "financial planner" I spoke with told me NOT to put my 10K of IRA money into Microsoft as it was not a good idea to work in the same field as your nest egg in case you lost your job and the industry sunk. Like an idiot, I followed his advice.
We had a managed fund too. Every expert will tell you these companies Trade several times a Week. Red Flag Run. They charge you everytime making money off you while losing yours. No separation or choices. This was addition to my earlier comment.
Vanguard,Blackrock & Fidelity Dirty Companies. Fideluty lost $110,000 in 6mon of Retirement. Told to get use to it😡😈Their Shady,Evil & Their Hidden Fees are outrageous when we told them shove where the Sun doesnt Shine. I could say more they did shady. All invest in China,Woke Co.,WHO. Be careful everyone
Almost Every comment reply has someone saying some bogus planner has made them rich. Don’t talk to these people you heard about in the comment section. I know most of you wouldn’t fall for this but just in case, don’t give people your personal info online.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
Those types of funds are a nice idea but they’re used to feed the living hell out of the investor. So no thank you
How can I make good profit as a beginner starting with $6,000 ~it9
8:52 Note that it’s easy to mix these to hit a target allocation. Half in 60/40 and half in 80/20 will give you a 70/30 allocation. Anything between the 30/70 and 80/20 extremes requires only two investments.
I'm a single, 43-year-old father who resides in Hamburg. If everything continues to go well for me, I intend to retire at age 50. I couldn't be happier right now than I am that I just bought my first house last month. I'm so happy that I made wise choices that altered my life forever.
Any balanced fund that has an average of >4% over a 10-20 year history can safely be used to beat inflation.
Beware of shills in this discussion. It's unbelievable the number of names dropped in this one comments section. Caveat emptor!
According to Dave Ramsey a bond fund is not that much more conservative and has underperformed stocks by a large gap. He said stay in 5 star mutual funds. Dont need no cookie cutter assignment that doesnt take into fact the terrain we are in now. George says and so does goldman we will have a low growth over the next 10 years so your better off in dividend stocks .
Be careful with retirement date funds. Just because your retired doesnt mean u need as much of a bond exposure. If social security and pensions cover all or most of your expenses then u may want to invest more aggressively if you dont need your investments for income
I followed Jack Bogle the last decade, but I wanted to hear Rob's opinion on this as well. Currently retired and I have most of my 401k contributions of $200K going into small cap and utility funds, because these seem to be at a "discount" right now.I'm hoping this is a valid thought process?
First of all go Buckeyes.
Secondly I am almost 65 years old and the idea of being conservative is only appealing if you think you're going to die really soon. Since I expect to be taking money out for the next 20 to 30 years depending on how long I or my spouse live I want to be aggressive for another 5 to 10 years. Why give up all of those gains? I understand volatility and absorbing a 40 or 50 percent correction would be rough but unless I die in the next year or two after that after that it's going to come back
Retired at 55 with $1.4M (60/40 split of stocks and bonds) liquid assets and about $300K in a paid off property/lot in Hawaii that I never built on. I'm now 57, have $1.5M liquid and am about to list the lot for $400k so I match this scenario pretty closely. Our budget since I retired was $9.2K/mo and we've spent only $8k on avg even with 6 months of global travel, a year living in Hawaii and golfing twice a week and some domestic travel. I too got similar (poor) results from my retirement planner but there was no way I would've kept working in a high stress job working 65hrs/wk average because of hypothetical scenarios and probabilities as we're highly adaptable… who in their right mind wouldn't cut back in discretionary expenses during a major recession? Besides, as long as you don't sell or do something dumb in a down market, historically they bounce back in 6 months on avg, maybe a year worst case so you just need to have about 1-2 yrs worth of cash (in a High yield MM) to live off of. At my age, worst case is I get a part-time job at Walmart or get a remote gig where I can work in my PJ's for a year to fund my discretionary spends and hobbies. My highly probable backup plan is to get travel health insurance for $500/mo for both me and my wife where we have to live abroad for 6 months and in the US for 6 months for a year or two. Already got quotes and can save $0.5 – 1k/mo in health insurance and travel abroad half the year. There are too many options to list but my advice is to retire as early as you can and be flexible. Is about financial literacy and great a financial advis0r. Credits to mine Abigail ann ryan.
My company paid a consultant to provide retirement classes when I was 24 and just started saving for retirement. The class was called "The Kids Table" and basically their advice was go with a target retirement fund that aligned with your 65th birthday. That was 20 years ago. It is the only thing I've ever invested in. How else can I grow my finance?
i've been doing good checking almost daily , TQQQ – SQQQ , but with the world depression upon us i trade SPXL – SPXS .
I'll never invest in a target date fund again, Fidelity's funds have almost a 50/50 split with their US and international stock holdings. And then in a time of rising interest rates you are locked into keeping a significant portion in bonds which got hammered as you KNEW this would happen. A recipe for not great returns.
Zero chance Dems win this election. Kam is the worst candidate we could have put up. Inflation ruined her.
Hi Rob, thanks so much for your videos. I’ve been learning lots. I have a few questions that cover this and other topics.
1. Why would anyone own QQQ if they could own QQQM which is pretty much following the same nasdaq index, but is cheaper?
2. Why would anyone own VOO if they could own SPDR which is pretty much following the same S &P 500, but is cheaper?
3. Why would anyone own more than 1 Roth IRA if at the end of the day, you can only ever max on with contributing $7300, or whatever annual max contribution it is? Why would someone do the work to establish more than one Roth IRA if that’s the case? Am I missing something? CAN I contribute more than $7300 if I set up more than one Roth IRA? I just don’t understand what the advantage would be.
Thank you soooooo much for your help with these questions. I’d like to make switches to the first two questions today (get out of VOO and trade for SPDR,…) but don’t want to do anything too hasty.
Have a great day and thanks again, Rob!
Regine 😊
I just want my money to keep growing faster than inflation. That’s why I’m looking for companies to invest my retirement savings of $250K I have sitting in the bank. I just don’t know the best strategies to use to make solid gains with steady cash flow.
I hate the target date fund i selected. Yes, its way to conservative when you get to the retirement age. Better with a ETF like SCHD.
I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work
High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
VASGX return is 37% for the last 5 years. That seems low ?
I Hit 12k today trding. Started last month 2024.
Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this.
Retirement will consist of the total sum of all the financial mistakes you made divided by 12!
One fund retirement: PRWCX
Rob talks about the Wellington fund admiral shares. But you need $50k minimum investment. That's ok for some people, but for me I need a place to invest some of my monthly pension money. The Wellington investor shares require $3k minimum. The difference: admiral shares expense ration is 0.18%. Investor shares is 0.26%. I'm going for the investor shares and putting in $500/month. But if you got the bucks, the admiral shares is the place to be.
Looking for advice. I've done well, I'm retired, and believe I'm all set. The advice is truly about a friend. I recently reconnected with a HS friend I haven't seen in 30 years. He's a little older and I asked when he was going to retire. He admitted to having no savings and $150K variable interest mortgage. He grosses about $75K and lives in a small town in Northern Wisconsin. Here's my thoughts and I'd love feedback.
He's in his Full Retirement Year so shouldn't have an issue with his salary / social security payment. I get Social Security grows 8%/yr. But if he started taking it now and applied all of it to his mortgage payment plus the additional he is paying now, he could have the mortgage paid off in 4 – 5 years. When he's 70 -71. Then work one more year putting his social security and paid off mortgage payment in the bank. I believe being debt free and having $60K – $80K in the bank would allow him to be able to live on his social security payment. Thoughts?? Thanks!!
I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.