Thanks for watching! What other myths have you seen out there that people fail to plan for? Let us know! 🙏
@Ethethis777
2 ай бұрын
I miss your daily updates. I hope you'll resume them next week, as they provide a very educational recap. Thank you!
@Jazzwealth
2 ай бұрын
I appreciate that! The Closing Beat will absolutely be back soon! Promise :)
@WesleyClements
2 ай бұрын
Sad month it’s been
@Mr.Bellsz
2 ай бұрын
In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a CNBC podcast. I'm wondering, what could be the strategy for such returns?
@fromthebirchwood
2 ай бұрын
Find quality stocks that have long term potential and ride with those stocks. As a regular investor, I have found it takes someone who is very familiar with the market to make such good picks.
@arlenehill4ril
2 ай бұрын
Agreed, opting for an advisor is the ideal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with one for a while now, and my portfolio has surged over 120% since early last year to date, summing up nearly $1m.
@okaydamian
2 ай бұрын
@@arlenehill4ril please how can I connect with your advsor? I am 59 and have my money scattered around, need to be moving faster towards stable retirement
@okaydamian
2 ай бұрын
impressive gains! how can I connect with your advsor please? I am 59 and have my money scattered around, need to be moving faster towards stable retirement
@arlenehill4ril
2 ай бұрын
Can't divulge much, I take guidance from ''Karen Lynne Chess'' and most likely, the internet should have her basic info, simply research.
@Kevin-fh5ci
2 ай бұрын
One thing you should have covered with myth 1 is SSA life period tables. I’m going to trust what an actuary says more than anything else. And your life expectancy changes based on your current age based on historical data.
@Scott-xf5xb
2 ай бұрын
Use 90 for longevity. Make sure you are not eating dog food as an old goat.
@swamprat9018
2 ай бұрын
Thank goodness for the replay button because the first time I watched, I was so distracted by Errorics tan line on his forehead wondering is that from a head band or tiara.
@brucesmith6868
2 ай бұрын
Thank you Boys good info as always, if they cant take the joke as a joke then they probably should stick to a saving account. Ha ha
@LLoydwng
2 ай бұрын
I though youtube stop recommending me closing beats. I hope you guys didn't drop this one
@Jazzwealth
2 ай бұрын
No no no! Things have been beyond busy but we will be back soon with the Closing Beat!! Promise :)
@keithmachado-pp6fv
Ай бұрын
I bought a 20 year bond 3 months ago paying 4.75% with a YTM of 4.86%. It was below par at $98 and now it’s over $103 so the gain is more than 1 years interest. My 3 month gain with accrued interest if I sold now would be 10% (40% on an annual basis). The issue is that I now need to replace it and current bonds are at 4.5%. If I hold I could gain more as rates decline but that will just mean replacing with even lower yield. Holding to maturity guarantees a decrease back to par.
@rep4293
2 ай бұрын
Where is the closing beat!!!?
@Jazzwealth
2 ай бұрын
We will be back soon!! Promise!! :)
@Bum_Hip
2 ай бұрын
Sounds like retirement is much more simple in every other leading economically advanced country, other than The USA. Have to admit, I’m jealous of their healthcare costs, and systems.
@marcohare5782
2 ай бұрын
For bonds vol comparison why did you choose 20+ year bond fund? Yes we know long term bonds are highly volatile. I suspect most people would be short to intermediate term bonds.
@ralphparker
2 ай бұрын
On Myth 4, Volatility: Bonds (i.e ladder) vs bond funds. All you volatility is in the funds if you are holding any bonds in bond ladders to maturity.
@ralphparker
2 ай бұрын
For longevity, For some one my age, I like to use average plus 1 sigma standard deviation.
@toddliveringhouse5808
2 ай бұрын
Classy.
@jimjohnson7237
2 ай бұрын
Big fan from Muncie here.
@Jazzwealth
2 ай бұрын
We're in your backyard tonight! Appreciate you watching!
@barrymorton4268
2 ай бұрын
glad I went by the Walgreens before I saw this :)
@Jazzwealth
2 ай бұрын
At least you weren't in one when you heard it 😅
@chasedavidson2855
2 ай бұрын
Good joke I approve
@Jazzwealth
2 ай бұрын
The antenna one, right? 😅
@johngill2853
2 ай бұрын
It's not a myth most people pay less taxes in retirement Most people will pay less taxes in retirement. Have you seen the median retirement savings in this country
@Jim-mz1cf
2 ай бұрын
I agree with you, but I would guess that the majority of people who watch financial videos on KZitem are not like most people.
@johngill2853
2 ай бұрын
@@Jim-mz1cf maybe But life happens and having a higher tax rate takes a lot because you put the money in a traditional at your highest marginal tax rate and you take it out starting at the lowest tax rate
@Jim-mz1cf
2 ай бұрын
@@johngill2853Assuming tax rates don’t go up I would agree with you, but I anticipate rates will go up so there will be people with lower incomes paying higher tax rates. Only time will tell.
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