“I’m just a cave man financial planner” Cracks me up. 😂
@conureron3792
Жыл бұрын
Josh Did the SNL bit there, ha!
@swright5690
Жыл бұрын
Classic. I use it at work. A few old guys get the reference.
@denisep.98
Жыл бұрын
Happy Independence Day! 🇺🇲
@michaelalberts4699
Жыл бұрын
Great plan Josh! Happy Fourth of July!
@Sky_Hlgh
Жыл бұрын
Simple yet on-point. You sir are phenomenon! Happy Independence Day.
@HeritageWealthPlanning
Жыл бұрын
Tell my wife!
@prairiemark4084
Жыл бұрын
The Bugaboo in my investing history is making things too complicated. This plan is very interesting Josh. Thanks. I will seriously consider it.
@OShackHennessy
Жыл бұрын
Really love this channel man
@HeritageWealthPlanning
Жыл бұрын
Thanks!
@HeritageWealthPlanning
Жыл бұрын
Interested in teh webinar just email me. You can find my email at my website www.heritagewealthplanning.com buy me a coffee! www.buymeacoffee.com/joshscandlen my email list mailchi.mp/0a0c258dd676/sign-up-page
@brucef1299
Жыл бұрын
Thank you for this. It gives me confirmation that my own plan isn't too far off the mark. I just made things a bit more complicated for myself, but the end result should be similar.
@HeritageWealthPlanning
Жыл бұрын
Always remember what thr “Caveman Financial Planner” says- Simplicity is Divine!
@Gilboa1985
Жыл бұрын
The caveman financial planner.. i love it... haha. ,, supporting my fellow GenX'r.. Happy 4th Josh!!
@prairiemark4084
Жыл бұрын
My old boss said that the Caveman gave up a lot when he put down his club and quit dragging her around by her hair. But that might be a different topic.
@celticspirit1
Жыл бұрын
Hands down the best financial channel on the tube. I am the same age as Josh so I can relate albeit in different life circumstances. He reminds of the financial Gandalf whilst holding his PVC staff.
@prairiemark4084
Жыл бұрын
Old Josh is like Gandalf? I bet he will giggle at that!
@rays9033
Жыл бұрын
He does provide a lot interesting info. I wish his rates were lower, his current rate is nearly what I pay my financial guy, otherwise I would purchase his services for his opinion.
@HeritageWealthPlanning
Жыл бұрын
Opinions are like a-holes- everyone’s got one. Doesn’t mean they’re worth anything- go with your guy or get out.
@rays9033
Жыл бұрын
@@HeritageWealthPlanning , will do. Understood, I’ll unsubscribe.
@johngearhart4826
Жыл бұрын
I don’t think Josh was suggesting you unsubscribe. Having a 2nd opinion on your financial plan could be the best money you spend.
@FIRED13
Жыл бұрын
How do you handle it say if you have 90% in Vanguard Wellington (70/30 stocks/bonds) and 10% in cash? Hard to distinguish if stocks or bonds are up on any given timeframe for this fund.
@PurvisTwiggs
Жыл бұрын
Mine was 8.16%, I used to dca into etfs but I reconsidered the strategy since I am still way behind after the massive downturn since Jan last year
@irenatrulove
Жыл бұрын
My growth of 401k is 2.74% in the past 6 months. In this environment does investing under a brokerage with a custodian outperform a 401k?
@irenatrulove
Жыл бұрын
should I seek a pro to grow my funds on brokerage acct or still hold? I have 5 years to retirement. Happy to discuss.
@PurvisTwiggs
Жыл бұрын
@@marcoerrett how did you go about it? I lost over 90000 dollars already this year, I’m in need of a resilient financial-plan going forward.
@Handlethecurvessmoothly
Жыл бұрын
I’m checking out VIG which follows the Dividend Aristocrats for about 15% of the plan, but think your three bucket plan here is a great one that shows out very well in the Monte Carlo Modeling.
@bigtoeknee11
Жыл бұрын
VMFXX is Vanguards MM fund paying around 5.18% last I checked.
@HeritageWealthPlanning
Жыл бұрын
Wow
@celestial_sphere3
Жыл бұрын
What are your thoughts on using ETFs like JEPQ/JEPI? I've seen it mentioned a lot lately
@jrlollis8275
Жыл бұрын
Very interesting. 50% stock in risk, 25% bonds lower risk & 25% cash no risk. Let the market dictate. Love it. We make things so complicated when it doesn’t have to be Tks Josh and for mentioning Jesus. Rock on
@D.Mill_
Жыл бұрын
In the rare years when stocks and bonds are both down and I take my income from my cash bucket, how/when do I replenish my cash bucket? Thanks for all you do Josh. Long time viewer.
@brucesmith6868
Жыл бұрын
Thanks Josh and thank you for serving!!
@HeritageWealthPlanning
Жыл бұрын
Eh- no longer proud of my service tbh. All mercenaries for Big Farma at this stage
@brucesmith6868
Жыл бұрын
@@HeritageWealthPlanning was not then and that will never change inside you my friend, the "right thing" is always there.
@jimmywalters3071
Жыл бұрын
How do you buy Bonds ? I don't know much about Bonds.. and don't own any...just stocks, mutual funds in a 401k and CD,s.
@xcop11
Жыл бұрын
What do you think if a stock portfolio of REITs BDCs and covered call ETFs where you don’t “take” from anywhere and only spend your dividends and profit. But, the portfolio would also include VTI,SPY, or and SCHD or similar product to provide growth just in case you live too long😂😂😂. What would be the pitfall of a plan like that.
@michaelcoglianese4292
Жыл бұрын
Nice video. Just a quick question, you mentioned withdrawing $60k on Jan 1st. Does it make sense to take the whole annual distribution at one time vs quarterly, monthly or some other frequency? Second question, if both stocks and bonds are up do you still take all the distribution from stocks or try to even it out to balance 50% of portfolio?
@Skott62
Жыл бұрын
As to the first question I would say it depends on your situation. Personally I would break it down to at least quarterly and budget but that's just me. Check with your tax person.
@michaelyarmas4423
Жыл бұрын
In this Video you said taking out your 5% January 1. Is this what you believe I thought I would take out quarterly?? do you have beliefs on this ty!
@billl1127
Жыл бұрын
My overall holdings are a lot more complex than 3 holdings but the allocation is 60/20/20. Equities, bonds, cash equivalents. Very similar to your overall strategy.
@randolphbehm877
Жыл бұрын
If all 3 are up do you scrape the cream off the top of all of them?
@g.ajemian4968
Жыл бұрын
What about an annuity to replace bonds?
@chrisdore3382
Жыл бұрын
Happy 4th Josh 🇺🇸. Great shirt!
@HeritageWealthPlanning
Жыл бұрын
Thanks! You too! Mainers crush - their politicians suck tho
@chrisdore3382
Жыл бұрын
Lol, how true! Happy to say I didn’t vote for JM either time, but still stuck with her.
@HeritageWealthPlanning
Жыл бұрын
@@chrisdore3382 You only don't like her because she's a woman! Admit it Chris!
@toddzember7942
10 ай бұрын
I like it, but when do you rebalance?
@kennyhart2699
Жыл бұрын
Caveman skit cracks me up everytime. Love Phil Hartman
@HeritageWealthPlanning
Жыл бұрын
He was the best - remember PI PI? They had to take it down because people got so offended and that was in thr 90’s
@bobb7918
Жыл бұрын
SWVXX is the ticker 4.94% but .34% expense ratio for Schwab MM. How old is he? Does he need ACA?
@myvenusheeler
Жыл бұрын
Remember that on MM funds that 4.94% is after the expense ratio has been subtracted. Which is why Vanguard's MM funds are always higher than Schwab's, Fido's, etc.
@terryB4713
Жыл бұрын
Happy Fourth Josh!
@doloresr.3244
9 ай бұрын
I did not know you did seminars. See ya soon.
@toantruong7901
Ай бұрын
If money market yield is higher than bond, then why do we invest in bond. Additionally, bonds yield do vary over time. I’m just wondering. Thanks!!!
@annietaylorsmith3876
Жыл бұрын
I'm in the SWVXX (Schwab Money Market) and it's paying 4.9596% weekly interest. Happy Independence Day. Remember Freedom isn't Free! Semper Fi Josh!! 42 years banking and insurance at USAA since I was commissioned.
@markc2036
Жыл бұрын
It's doing that good?
@annietaylorsmith3876
Жыл бұрын
@@markc2036 So far it's doing OK. I'm retired and 5% is better that .02%.
@markc2036
Жыл бұрын
@@annietaylorsmith3876 but that's 5% weekly? 300,000 in the account
@annietaylorsmith3876
Жыл бұрын
@@markc2036 Yup, almost 5%
@billkellet2778
Жыл бұрын
Amen to the cave man financial man! Learned much watching. Thank you Josh.
@petersinclair-day7499
Жыл бұрын
Why not all in vwiax?
@golfncars5094
7 ай бұрын
maybe schd mixed with bonds for that 30% , with some growth
@wdeemarwdeemar8739
Жыл бұрын
I could never have lots of accounts everywhere. Happy 4th of July!
@douglasmichel1000
Жыл бұрын
Do you still like VWINX Wellesley Mr. Josh ? I retired in April ,
@HeritageWealthPlanning
Жыл бұрын
Can’t say I do anymore- pushing wokeism now
@dobiesj
Жыл бұрын
The USFR etf has a SEC 30-day yield of 5.23% and is exempt from local/state taxes. It invests in US government floating rate notes. The rate resets weekly to the current 3 month T-Bill rate plus 0.20%. Returns are about the same as 3 month T-Bills bought at non-competitive auction even after the 0.15% expense ratio for the etf. Easier to manage and more liquid than owning T-Bills directly.
@rays9033
Жыл бұрын
Hasn't it under-performed as compared to the S&P 500 for the last and three years?
@dobiesj
Жыл бұрын
@@rays9033 USFR is a good "cash" bucket alternative to buying T-Bills directly. It's not a replacement for the S&P 500 or a growth based portfolio.
@coocoocachooglin
Жыл бұрын
I have a big chunk in SWVXX, but this last big distribution I got I put in USFR. Figured I’d wait to move more over to BND or equivalent until the fed is done raising rates. I like simple, but I’m not simple right now. I like JL Collins Simple two fund Path of VTI/BND but I haven’t pulled the trigger and simplified yet. Josh didn’t mention asset location, just allocation, I assume MM and BND in Tax deferred and VTI in Taxable.
@PulverizerA
Жыл бұрын
No foreign holdings is the one thing that wouldn't work for me. My target date 401k has some international stocks and bonds, my DCA account has 25% foreign allotment and even my Roth and fun money individual stocks have more than a couple foreign (mostly oil) companies.
@billl1127
Жыл бұрын
Even Jack Bogle did not think it was necessary to include foreign funds although can't fault you for diversifying.
@TheBeagle1956
Жыл бұрын
I keep 5% in SCHF and SCHY for international exposure. They do well for me. I prefer individual dividend stocks and ETFs and individual bonds/CDs/treasuries. Not at all hard to manage.
@notanomad9320
Жыл бұрын
I'm pretty happy my short term C/D's are doubling my SS income. I don't need it right now so I'll just keep rolling them over. My advisor says we should be looking at 5.25% going forward. Happy 4th everyone.
@kenm2679
Жыл бұрын
Happy July 4th!
@howardedward5339
Жыл бұрын
OR you can simply tke the $1.2 million and buy a few 5 to 10 year MYGA's (with free 10% withdrawls) at around 5% being careful to stay under the state guaranty thresholds for insurance. Rates go up and down so you have to shop them, but I got 5.2% 5 year at Nationwide (A+ rating).
@HeritageWealthPlanning
Жыл бұрын
Yup- you could indeed do that
@prettygirlus9008
Жыл бұрын
I was premature with my purchase of three deferred fixed annuities last July after the sale of an investment property. Only getting 3.1%, 3.4%, and 3.6% for a 3yr, 4yr, and 5yr with USAA and MassMutual.
@howardedward5339
Жыл бұрын
@@prettygirlus9008 4.75% and above is the no-brainer range. Rates go up as company ratings go down. American National ("A" instead of "A+"")is offering a 5 to 5.3%, but they just got bought out. Always check the Weiss ratings for an annuity company.
@howardedward5339
Жыл бұрын
@@prettygirlus9008 But you can always take the free 10% out and reinvest at the higher rates! Also, if select an MYGA that doesn't have an MVA, you can pull out some or all of the investment and reinvest with penalty that will be made up by the higher rate.
@howardedward5339
Жыл бұрын
@@HeritageWealthPlanning I do confess I am not as confident in the state guaranties for annuities as I am with FDIC, but still seems a much lower risk than the stock market. Although AIG almost went into big bust mode during 2008
@seestuff09
Жыл бұрын
exaclty. I met so many that want to get the 10% annual averages but don't really want the volatility that comes with it. Getting a solid 6-7% with much less volatility is perfectly fine if it keeps them in the game. But their co workers wouldn't approve so they go full tilt in the market and get annihilated.
@sergiosantana4658
Жыл бұрын
A solid 6to7% with little volatility? Please share.
@seestuff09
Жыл бұрын
@@sergiosantana4658 you can do a combo of a max funded whole life with a vanguard Wellington and reduce volatility significantly. Or do the all weather portfolio by Ray Dalio. Around 7ish % with max drawdowns that are far lower than the standard 60/40
@seestuff09
Жыл бұрын
@@sergiosantana4658 I also said much less not “little”
@josephsalazar4712
Жыл бұрын
No audio.
@blownaway13
Жыл бұрын
Thank-you Josh, love this channel. You are a God send & I really mean that. You have buckets here split up 25% 25% 50%. I thought the ideal is 30% 30% 30%? Does the % have to do with your age and assets?
@georgesontag2192
6 ай бұрын
I would have added QQQ in their someplace. VTI just follows SP500.
@kevinfestner6126
Жыл бұрын
I still prefer the 7twelve portfolio as it is diversified internationally and with commodities.
@HeritageWealthPlanning
Жыл бұрын
I like it
@kevinfestner6126
Жыл бұрын
@@HeritageWealthPlanning happy 4th, Josh.
@gabesmith9171
5 ай бұрын
I love the unfrozen caveman lawyer jokes lol
@denny5564
Жыл бұрын
I'm basically doing the same thing, but I don't like bond funds. I'm 50/50 with the first 50 (MM, laddered 17wk T-bills, 26 wk T-bills, and 26 wk T-bills) and second 50 (VOO, VYM, and a few other indexed ETFs and dividend stocks). I'm still heavy on the cash side, but why not with 5% MM and T-bills. Still waiting for the market to slide to pick up some bargain dividend stocks and ETFs. It may be a long wait? It appears to be. The next plandemic should do it. Or maybe Washington DC will get nuked ?
@Antandthegrasshopper
Жыл бұрын
LOL... If DC gets Nuked your portfolio will become a big ol' 0...
@bryankovar2930
Жыл бұрын
My 4th of July resolution is no more fat chick's!
@HeritageWealthPlanning
Жыл бұрын
Gotta start with no fat dudes too though! And I’m working on that for myself
@dogsarefun2
Жыл бұрын
I put IRA $$$ in non callable brokerage CD's. 5 - 5.25% interest... no worries 25k .
@denny5564
Жыл бұрын
Why buy CD's when you buy T-bills with the same or better rates? No State tax, Totally liquid, no calls, and the safest thing out there.
@dogsarefun2
Жыл бұрын
@@denny5564 Got one year CD's because rate was better. Not sure how tax situation is with t-bills in IRA's but I won't pay state tax at my income level with CD's.
@dogsarefun2
Жыл бұрын
Did great with I-bonds, bought 20k when rate was 9%+ April last year!
@johnnyadams1755
Жыл бұрын
No audio for me either. It straightened out 20 minutes later. Do they have 4th of July in France 🇫🇷? 😂
@penelope5500
Жыл бұрын
I got audio! Josh is actually pretty loud this morning...😅
@johnnyadams1755
Жыл бұрын
@@penelope5500 it could be my phone it just did an update, but everything else was fine except Josh. Thanks for the reply 👍
@myvenusheeler
Жыл бұрын
They sure do. But instead of fireworks they burn cars.
@petervanhorn5441
Жыл бұрын
Great video Josh. Question: Do you re-balance after your annual withdrawal?
@HeritageWealthPlanning
Жыл бұрын
I don’t
@robfisher7706
2 ай бұрын
@Heritage Wealth Planning - you should do a IRA profile for us younger people: Ages 20-29, 30-39, 40-49, Thanks!
@davidwelty9763
Жыл бұрын
“Righteous Mo-fos” only Josh. :)
@Skott62
Жыл бұрын
I'm thinking the bonds will stay high for next 2-3 years but who knows. After that time is the real unknown.
@billcarlson1730
Жыл бұрын
While everyone is pushing the 3 gun portfolio, I am killing it with my my VGT/VITAX and Vanguard Brokered CD's. Semiconductors and Credit cards is where it's at right now!
@denny5564
Жыл бұрын
Hold on to your Hat !
@billcarlson1730
Жыл бұрын
@@denny5564 VGT has averaged 20% a year for the last 10 years. No hat holding here.
@charleshughes2487
6 ай бұрын
Coffee? How ? 😊
@vallejoborncalihasbecomeal9022
Жыл бұрын
The perfect retirement portfolio starts the day you begin your career. The more cash you save on top of your maxed out retirement funds will allow you to retire years earlier than expected. My wife retired at 58 and I at 60. A great cash back up supplementing my pension allowed that to happen. No social security, IRA or 401k money needed for years!
@deanrotering879
Ай бұрын
We have to sleep at night. That’s also what I say.
@unorthodocs1
Жыл бұрын
Actually if you started Jan 2022 and had to sell Jan 2023 there is less than the $60,000 available.
@jeremy8715
Жыл бұрын
Thursday the 13th?? 2:34
@dforrest4503
Жыл бұрын
Since you’ll pay taxes on the income no matter what, why not just take the excess ($23k) from whatever’s up?
@doloresr.3244
9 ай бұрын
Lol, I have 653k in SWVXX
@doloresr.3244
9 ай бұрын
Work with me Josh. I'll buy you a cup of coffee.
@HeritageWealthPlanning
9 ай бұрын
Nice!
@johnpetzen3995
Жыл бұрын
why not own bonds directly instead of a bond fund? with one year treasuries you take the downside risk off the table entirely. Am I thinking wrongly?
@HeritageWealthPlanning
Жыл бұрын
individual treasuries weren't down last year but the bond funds that held them were? come on now
@johnpetzen3995
Жыл бұрын
@@HeritageWealthPlanning you don't sell them before due date. Maybe i don't understand bonds. You buy a bond, you get the coupon, and on the due date you get the principal back. every cent. Am I wrong?
@clays7741
Жыл бұрын
@@johnpetzen3995 If you buy a bond for 90 and it goes down to 85, but then matures some years later for 100, it's true you make a profit and got back every cent. However, while the bond was at 85, you have lost money. Your account value will be lower. Like the value of the house you own and live in... Does it matter what the value is if you're not going to sell? Some people will say yes and others no. There's a case for both. And there you have it... investors don't agree, there's more than 1 way to skin a cat and opposing viewpoints can both be right. Good luck!
@mikespangler98
Жыл бұрын
"You buy a bond, you get the coupon, and on the due date you get the principal back. every cent." True IF some other event does not force you to sell to get cash. If you have to sell early then you might well get less for the bond than face value. That is exactly why Silicon Valley Bank died a horrible death. That's why you should keep a decent bucket of cash in the portfolio. Then drain that for emergencies instead of liquidating bonds. Those bonds I do have are short term, for me to own a thirty year bond in pointless. Sad, but true. ☹️
@johnpetzen3995
Жыл бұрын
To the other respondents: exactly, hold bonds no longer than one year, with three yerars of cash, and just as Josh showed the other portion of the portfolio in the market. bonds mature and are redeemed every year, you never lose value. the risk is that in the future if interest rates go down you wont get as much return, but you never, ever risk your principal.
@user-ky9sr4bm1f
4 ай бұрын
$150 every two weeks for 8 years invested in stocks and all you paid $28800 ! And you will have $1.8 millionis is this true assumption ? And that was from Tony Robins ?
@HeritageWealthPlanning
4 ай бұрын
Sure- if you’re making 76% a year return
@unorthodocs1
Жыл бұрын
50% VOO, 25% JEPI, 25% JEPQ. Rebalance annually. No selling shares except if rebalancing needed. Yields about 6-7%. Mix of qualified and ordinary income.
@jeancarloferreira9770
Жыл бұрын
That's what I'm doing. I Also have a few other etfs like schd svol and tltw to boost yield slightly. Yields between 7.5 - 11% depending on options premiums
@unorthodocs1
Жыл бұрын
@@jeancarloferreira9770 I have a share goal for JEPQ and JEPI. Once I get there I’ll go SCHD to infinity.
@Belize2025
Жыл бұрын
All good but the god’s rules
@benandersonn12
Жыл бұрын
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Bonnie Antelo
@kennguyen4540
Жыл бұрын
Mrs Bonnie changed my life because of the high profits I got from investing with her.
@benandersonn12
Жыл бұрын
she often interacts on Telegrams, using the user name.
@benandersonn12
Жыл бұрын
@INVESTWITHANTELO💯
@tshay5112
Жыл бұрын
It’s FUNNY that all of you on this thread said this other person made you tons of profits and changed your life but yet, you still go to these retirement videos. Sounds like all of you are part of a “scam” to get people to invest with her. You all need to get a life. If you are so successfully, why are you even here?
@sergiosantana4658
Жыл бұрын
Its a little worrisome that you are counting that the bond allocation (bucket #2) will rebound and do better than the 5%+ that you can guarantee yourself in bucket #1 for the next 10 years( by laddering CDs and MYGA,s). You are trying to time the bond markt unnecessarily.
@HeritageWealthPlanning
Жыл бұрын
I think it’s pretty clear the upside potential of bonds. If I’m wrong I’m still clocking 3-4% - market timing or not - Peeps need to get over this anti- market timing stuff.I used to hear it was market timing when I warned of bond market a few years ago
@marantz747
Жыл бұрын
When your reading your wifes text it looks a little concerning...
@HeritageWealthPlanning
Жыл бұрын
Why?
@marantz747
Жыл бұрын
@@HeritageWealthPlanning I just didn't know if the video froze or something...
@user-jo2iq6so7d
Жыл бұрын
Why not just put in the Wellington Fund like you preached for years?
@dobiesj
Жыл бұрын
Josh has moved away from Wellington and Wellesley Funds since they're managed by woke people now (GDEI & ESG).
@bigtoeknee11
Жыл бұрын
@@dobiesjHas Josh mentioned an alternative to Wellington and Wellesley funds. Or is it VTI/BND
@HeritageWealthPlanning
Жыл бұрын
Trying to find Alternatives but pretty much settled on VTI and BND. I like ave Maria dividend fund and there are some Christian ETFs but not much track record . So VTI or bust for me
@vincentworlds8940
Жыл бұрын
Dude is good but he’s on straight kool-aid
@bigtoeknee11
Жыл бұрын
@@vincentworlds8940 Josh is great, even if I didn't have similar beliefs I'd still follow most of his advice and planning, you'd be dumb not to.
@rightwingprofessor1356
Жыл бұрын
I did it waaayyy back in 1983! Once again...great advice. Simple, clean and on target. VTI is your friend. I currently have My $1.5M Portfolio as: Total US Stock/Total US Bonds and Total Non US Stocks/Total Non US Bonds. 60/40 Allocation across all holdings with Non US @25% and I hold investments in Taxable (34%), Tax Deferred (29%) and Tax Free Roth Holdings (37%) I have $45,000 in Cash (Treasuries and CDs) and $200,000 in FIA with Income Rider (will not turn on until 2026 - Funded with ROTH Dollars so Tax Free Income will equal $18,661.95 annually.) I will be retiring 1-5-24 and my wife and I receive $70,000 in SS Benefits. We are debt free other than leased vehicle that I will replace 8/2024 with a late model very nice vehicle, bought with cash. SS benefits exceed our monthly expenses by @ $900. Great channel and great content.
Пікірлер: 161