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I refuse to watch a video where somebody is stupid enough to ask the question if 3-million is enough to retire on.

Lately I've been contemplating retirement, uncertain whether my 401(k) and IRA will ensure a secure future. I've also invested $800K in the stock market, experiencing fluctuations without substantial gains.

The math is wrong...if 30 = 60 = 120 = 240; then 60 = 120 = 240 = 480; Not they're "exactly the same"

Sounds like Dave is trying to say “stay home with the kids” but he just cant say it.

What horrible and very wrong advice! A Lady Bird Deed is not a life estate. It is an "Enhanced" life estate and a wonderful way to keep control of your home while you're alive and to protect your kids from going thru probate, saving them time and money. Also has some creditor protections.

Assets that produce income buddy

Buy rental properties

Need to get to the root of the problem, which the Presidential Candidates clearly avoided during the debate. So why are costs so high? Where is the money going? Are daycare workers making $200K per year? Doubt it. Liability insurance and building leases are too high, and those costs are passed along to customers. This must be addressed at the Macro level for daycare to become affordable.

If he was in the WRS retirement plan they vest after 5 years of employment with a local government, state or school district employer. It's a pension not a 401k plan. The plan is extremely successful in the investment options the Board chooses because of knowledge advice.

It's always going to be expensive when your full-time net salary has to pay for someone else's full-time gross salary. If I charged $311 per week, per kid, I'd have to watch 5 kids, 40 hours per week with no vacation and no additional costs (food, toys, etc.) just to match my current salary.

That's your first problem. You don't to the church. Just give them $10 a week. You give what you can afford.

Wow! I guess we lucked out on daycare costs in my area. We pay $90/week

I'm leaving most of my estate to charity. I am debt-free and have a positive cash flow.

The other guy shows his ignorance. He deducted the depreciation for 22 years, it is just a recapture of that depreciation and the rest is taxes because it is like an income. Nothing to do with democrats vs republicans.

They're not selling their house. How does $2.5M generate $200k a year? I'm in the same boat as the caller and SS will be a significant chunk of my income in retirement.

I have 100millon idk if I’ll make it

the man makes more than most americans. you only live once so might as well buy it because if you never enjoy your money its just a waste

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

I paid off my house and i dont regret it one bit. I feel at peace and sleep better.

This woman doesn’t need to talk to a smartvestor, she’s on the right track with the index. No SmartVestor is going to pass up a commission to recommend the correct choice, an index.

Go to college son!

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

I’ve been watching regular Ramsey show and realized I should be on this page cuz I’m on baby steps 4 and 6 now and need guidance

I'm curious if he thought "income" meant bonds, where Dave says "growth and income," which is essentially large cap.

Leveraged ETF is double edged sword

Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, made $60k from trading last month and am so happy about it😊...

Smart enough to make $3 Million Dollars, not smart enough to figure out $3,000,000 / $60,000 = 50. Meaning that even if he didnt invest any money and made 0% interest, he could live for another 50 years on what he is living on now. Um yea i'd say you're fine.

Don't forget the payback if you continue working. Taken from the SS website. "We use the following earnings limits to reduce your benefits: If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2024 that limit is $22,320. In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit, but we only count earnings before the month you reach your full retirement age. If you will reach full retirement age in 2024, the limit on your earnings for the months before full retirement age is $59,520."

1031 into a Delaware Statutory Trust (DST). DSTs make the timelines easy to achieve, gives you economies of scale, and takes away all management headaches.

I would say the best answer is to have some money in a traditional account, Roth account, and taxable account. That way when you’re 60 you can strategize how much to take out of the traditional account at a low tax rate before taking money out of a Roth. And the same with taxable account with capital gains tax

I would say the best answer is to have some money in a traditional account, Roth account, and taxable account. That way when you’re 60 you can strategize how much to take out of the traditional account at a low tax rate before taking money out of a Roth. And the same with taxable account with capital gains tax

boo, he stinks

Is there a comprehensive list of HSA accounts that don't tax us to death or have high interest rates?

50% of the down payment …sooo 10%…still needs to double that if he wants to avoid PMI

He is good guy

Another caller who can’t get to the question. Ugh. Get to the point!

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

Dave’s like “if you can’t buy a house in cash then you gotta start delivering pizza 80hrs a day”

Dave and John are wrong. You invest your money into funds with good rates of return. That 50% down payment does nothing for you in the long run. You need to make your money work for you.

Invest

Definitely confused. I thought the caller said he'd have 50% of the down payment in a year, not 50% of the home price.

Welfare nursing home?? Wow. I feel sorry for people who take your advice because you don’t know wth you’re talking about

👀

I have worked all my life without thinking about my retirement. Now my kids are growing fast, the way I am spending my savings, it has come to my attention that at my old age, I will have no jobs, no money left and no retirement funds to fall back to. So I am asking what do I need to do and how do I begin investing in my retirement. I just need professional advice. Thanks.

ramsey would have ben richer had he just left his money in the sp500. hehe.

I doubt he has less money than her. It'd be crazy to tell her she's behind if he has less money.

If you would have bought NVDL which does 2x nivdia last year you be rich !

Why save only 15 percent if you have household income of 200K -