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51,317 Views • Apr 26, 2024 • Click to toggle off description
In this video, I'll cover what's called the Momentum Ratio. It's a simple ratio you can use as an early warning sign that you are heading toward what some call the retirement-income death spiral.
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While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
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Views : 51,317
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Date of upload: Apr 26, 2024 ^^
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RYD date created : 2024-05-11T22:06:59.782564Z
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YouTube Comments - 215 Comments
Top Comments of this video!! :3
That is easy. Take cruises, go to restaurants, drive corvette, give money to your working children, buy expensive wine and whiskey, go to a doctor every week just to talk, discuss politics with your younger relatives, watch TV, buy organic food. Did I forget anything?
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Good stuff Rob. Thanks!
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I read the Sunday newsletter and read the Death Spiral article and got so interested I also read his Retirement Vital Signs and created a cheatsheet. Good stuff. Keep up the good work.
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Rob, doing his thing, teaching us important things. Thanks Rob
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That FI Calc tool is awesome.
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Great video Rob!
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Thanks Rob.... as always excellent and relevant content.
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Great video. Thanks Rob.
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Great video 🙌
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Great message Rob.
It all comes down to curbing your expenses in "down" years. Some doing just skipping the inflation adjustment.
Inflation hurt in the last few years because it hit groceries exceptionally hard... A volleyball sized watermellon for $10...Hard to get creative with spending when its a basic necessity of life.
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Basically, if you have less money, spend less. If you have more money, you can spend more.
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good info. I don't want to death spiral. thanks for sharing your knowledge
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Great video, great clarity as always Rob. Sometimes these papers seem to be a bit of a solution looking for a problem. For example, my NR plan based on "real life" does indeed have my portfolio decreasing in the early years, but then Medicare followed by social security kick in and it starts to increase again. Sure, if the market tanks I might reign things in, but living by these arbitrary numbers seems weird when you can easily model many more factors of your real world situation, run Monte Carlo etc etc.
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I have been retired for 2 years and have not needed any of my retirement money.
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Thanks Rob - brilliant youtube video - And it can easily be applied wherever your home country is (I'm UK based currently). I wonder if one can add a second filter based on market p/e ratios and inflation, i.e. future expected returns.
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Hi Rob, Love the content and videos. Wanted to point out a potential flaw in the assumptions. You are assuming the portfolio would remain at 1mm....if the market went down you likley wouldn't be starting in the same place delaying 1 year or 2. You would have contributions but they would have to be at or above the decline in portfolio value. Just a thought.
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Time for flattery: I've read a lot of finance, watched a lot of talks/videos, and I have a large amount of education and career experience (meaning I think I am in a pretty good position to judge talent/ability). I understand you were a career attorney. You would have done very well too as a CFP in my estimation. Impressive. Don't change what you do - it's working.
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Hi Rob
I use 1/N which starts off conservatively and work part time as I draw down and as the portfolio naturally increase I work less to maintain same overall income !! Dead easy
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My solution to this over the 25 years I have been retired is simple. 1. Put your money in after tax accounts. That eliminates RMDs. 2. Only withdraw income from your portfolio, i.e., don't touch principal. If you do that you will never run out of money, particularly if you don't even take out all the income income. It also helps to structure your retirement so that you live off of income from sources other than your portfolio - social security, pension, etc. So far it has worked well for me to the extent that if social security and my pensions disappeared tomorrow I would be fine for the 8-10 years I have left (~150% of life expectancy from the social security actuarial life table).
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@MsTubbytube
2 weeks ago
I think this is a good argument for why you should not depend entirely on financial market holdings for retirement. Social security or other annuitized income streams, income from part time work or sales, insurance, real estate, maintaining a strong network of friends/family
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