?? Work at Pickup Points � Flexible schedule

The Magic of the 5 Years BEFORE Retirement (Double your savings!)

Retire with Julia, CFP® 161 views

Download Video

Comments

I’m looking to retire in the next 5 years, and I need to boost my retirement savings by at least $150k Any advice?
Comment from : @benitabussell5053

I believe the retirement crisis will get even worse Many struggle to save due to low wages rising prices and exorbitant rent With home ownership becoming unattainable for the middle class American, they may not have a home to retire to either
Comment from : @WilliamTurner-od5ij

Stop taking care of illegals !
Comment from : @Trump908

Julia, Im 5 years out and trying to more than double to nail my goal of 2 mill after tax however believe it or not My Investment house has a hard time keeping up with our deposits because we get paid weekly and we save weekly , Im on my third institution over the years Im not moving again, the Managed accounts seem to trade once even 30- 45 days my CFP says its not typical a couple to save weekly and is working on a solution for us to be more efficient, I get frustrated because were doing our part to save but there slow to react to deposits and timing of the deposits and pullbacks am I asking for to much , if Im saving 100K a year broken up weekly I don't understand the problem , should I pound the table ? " I said what do other people do? " the response I got was its not typical , curious what your thoughts are ?
Comment from : @NickGiordano-zu4em

I just retired, but I am uncertain that my 401k and IRA will ensure a stable future I have $900k set aside, I am seeking an approach that matches my risk tolerance and financial objectives Please I need advice, should I invest in stocks or real estate ?
Comment from : @OliviaSmith-ve9nv

Excellent julia Best wishes
Comment from : @sanjaykumar-ts2sg

One summer, over an 8 week period, I offered my boys $1/week to do 100 push-ups, and I'd double it each successful week At first, they weren't impressed with my offer until I showed them the $128 prize I was trying to figure out how to motivate them the entire 8 weeks Compound interest!
Comment from : @dgibbs8851

A super model and retirement planner 😊
Comment from : @DIAPERJOE

Love your channel, Julia! BUT - it appears that the scam-bots love it more
Comment from : @CecilHumperdink

Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio I hired a manager and successfully grew my assets by over ($150K) during this turbulent market using defensive strategies that protect and profit from market fluctuations
Comment from : @AnnieHolsen

Am 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
Comment from : @BraydenSmith-f8e

I’m 53 in April, starting investing a little bit in my late 30s and kept increasing a little every years or so I have a decent start but want to really put the pedal to the metal for the next 10 years and invest about 25 of my salary I’ve been working really hard at not spending and paying off debt I look FORWARD to retirement!
Comment from : @the_stoned_investor

My mortgage was high at 6 & 675 and when it came down I did refinance 3 times which meant i ended up paying for the refinance costs These are up all my savings which would have gone for retirement 😔
Comment from : @jayg6434

1 am 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"
Comment from : @martyedgar4678

How to invest 500,000 for cash flow?
Comment from : @VargasasWhites

Sadly, many of us in our 50s end up helping parents who failed to prepare :-/
Comment from : @loribrooks7964

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 below the $100k mark and in the first 2 months, my portfolio was reading $234,800 Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer
Comment from : @Bestjudy001

Don't expect those tax rates to change in 2026
Comment from : @fredcarter8382

OR Just figure out a place for a great Expat lifestyle with what you already have or have coming in
Comment from : @estelladog1

Trump plans on eliminating some taxes specifically SSI Let's see what happens when he implements his plans to turn this country BACK into the powerhouse we once were Questionwe can no longer invest in our Roth BECAUSE there is an income rate cap which we surpassed, but you are saying that we can invest the annual max in a 401K ROTH? How does that work given we can't invest in our regular roth TIA
Comment from : @BoxMountainLLC

If you’re only making 7 you need a new adviser 😬
Comment from : @lisatraynor3868

Most of this is fabulous, but there absolutely is an income limit to start a roth
Comment from : @triciafrank8582

I recommend a Roth with Robinhood They have options trading Sell covered calls on quality stocks
Comment from : @maxfox8496

What man doesn’t want to retire with Julia? I’m saving as much as I can 😅
Comment from : @DIAPERJOE

This is all subjective based on what great is for one may not great for another
Comment from :

So helpful!
Comment from : @carolmorrison7725

This is a joke right? Wife and have 800k saved We make 120k combined We save about 35k a year We’re supposed to save 80k?😂
Comment from : @jrm2383

Most Americans find it hard to retire comfortably amid economy crisis Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?
Comment from : @Particamuwowo

Retirement isn’t an end goal, but a journey best secured by careful and consistent investments
Comment from : @MesutMilleliri

HOW CAN I VISUALIZE GETTING AHEAD, WHEN WE HAVE AN ADMINISTRATION TAKING IT ALL AWAY! WHAT HAPPENS IF WE GET TAXED FOR UNREALIZED GAINS? VOTE REPUBLICAN NOW! DEMOCRATS TAX, TAX, TAX!
Comment from : @williambeller7574

You are so hot, so hot ;)
Comment from : @TheBryanmauro

Yes Penney that doubt is that but their is any kind of investment that pays a daily compound interest?
Comment from : @shawnsapp6611

Does the rule of 72 help to determine the doubling power of the rate of return?
Comment from : @daleholler8277

Oh yeah, that’s doable😂😂
Comment from : @nellyridel4356

At married & 55 I'm doing a decent job of saving in retirement accounts (approx $650k) but our debt is too high and I can't seem to whittle it down I don't want to stop saving in order to pay down CC balances but also find side income unrealistic (a professional working at Domino's on the weekends? Come on)
Comment from : @BF2021-kf8xz

Those were the Trump tax cuts by the way
Comment from : @gv6943

I like your idea that if you pay something off (home, car), put that payment towards retirement I definitely can’t afford to put 10 of my nest egg amount per year into my retirement accounts Good to know there is a formula though Hoping for NVDA, TSLA and about a dozen other similar stocks to average more than 10 per year over the next few years
Comment from : @deborahb277

7k a month in retirement expenses Dang, thought I had it bad at 1k a month
Comment from : @jamescares9003

⚘🚶
Comment from : @HasanRifino

I'd love to compound my interest retiring with Julia
Comment from : @TallDrinkofDaniel

I kept saving in my 401k for last 30 years and people kept saying it would balloon in later years It's not really unfortunately Maybe the target fund just wasn't aggressive enough to but I lost quite a bit in 2008 so had to catch up again I guess Now I'm saving around 40 a year for last 2 years and starting to see some headway Want to retire end of next year I'm hoping Thanks for the video
Comment from : @onlywenilaugh6589

There are no income limits to save into a Roth 401k? What?
Comment from : @michellemybelle22

Want to boost your nest egg?……use facts before voting
Comment from : @bayoustateoutdoors9650

She is hot! That’s why I am watching it Yes, I’m a jerk Lol😂
Comment from : @billrichardsjr

Man, your example is rich😂😂
Comment from : @gayle2276

We have $400k in Fidelity S&P 500 fund and we contribute over $40k per year, how do I estimate when it will be $1 million?
Comment from : @jldsystemsltd

Very informative video When you talk about investing 10 of our nest egg, are you referring to a 401k or IRA ?brthx Steve
Comment from : @SteveCriola

Why would you recommend a ROTH for someone 5 years out from retirement, when they are probably in a much higher tax bracket than they will be after retirement?
Comment from : @happycampers6592

Thank you I hope in future videos you address older people and their issues who are already retired
Comment from : @mollyr8224

Einstein never said that Misquoting him automatically undermines your entire video 👎
Comment from : @KR-xv3ko

With a good investment plan that ensures steady incomes without any doubts you can prepare for a well organized retirement I started investing in stocks 3 years ago and so far, I am making a good yield on my portfolio built on top etfs, blue chip stocks and dividends as well Managed by my FA who helped me grow to a 7 figure portfolio I love passive income Credits to my FA Dianne Sarah Olson
Comment from : @EGCreates

Can you have Roth IRA and 401K Roth ?
Comment from : @daisypeanut1251

Thank you for your video, it is very clear and concise brDo you have any insights for someone who was never able to say for their retirement? I know I am never going to be able to really retire, I am currently 61 years old However, I can’t keep working at the same rate forever I’d like to be able to cut back, in about five more years
Comment from : @KR-sc2yv

How can you save 20k in a Roth?
Comment from : @ByGraceBeauty

Thank you for this!
Comment from : @quitefrankly6815

lol! Another 10-13 of our “nest egg” a year is a tad more than our gross household income! 😂😂
Comment from : @emox6400

Great information!
Comment from : @MarvinGoff-e8b

HI Julia Good workI am not a US citizen and our ruth IRA sucks gives 25,,,Currently investing on US ETF to generate dividends but I am TAX 30 do you think it worth doing so or any other advise you have me thanks
Comment from : @krissamy8385

Julia - would you still recommend the Roth portion of a 401K if we are at the highest tax bracket?
Comment from : @daveh3988

the more you have, the harder it becomes - ie, you have 15 million, you need to come up with $150,00 a year
Comment from : @rusilver2

wonderful, clear content, subscribed! I don’t have enough saved for retirement, but I also make too much to contribute to a Roth Ira I find so many videos recommend the Roth for good reason, but I can’t take advantage of it
Comment from : @LP-it9jy

Really loved the clear and concise way you walked through this , thx
Comment from : @petergregory9458

I fully support the idea to keep saving but nothing can guarantee how much it will grow The 7 may be an average but doubling your balance would for example not have worked during the Great Recession, still in a longer than 5 years timeframe you would have done well since you would have been investing at lower pricesbrOne thing I applaud is the advice to save in Roth, even if you are already in your higher earning years 5 years before retirement (many would advise against it) Yes, your taxes may be quite high upfront, but the Roth funds will have many more years to grow if you withdraw from Roth last Also, if you happen to retire before 65 and you need ACA subsidies to lower your healthcare costs, Roth monies can help you keep your income low for a few years if you don’t have cash or a large taxable account You can later partially replenish with Roth conversions after 65 Of course, the latter works if you already have a healthy Roth balance enhanced by those last 5 years before retiring
Comment from : @J-2024-v8i

I've been really interested in the strategies to maximize savings in the 5 years before retirement I've been considering cryptocurrency as a way to diversify my portfolio and outpace inflation I've heard about a platform called My Digital Money that allows you to securely trade crypto in a tax-advantaged IRA Have you ever thought about it? I've found it to be a great way to incorporate crypto into my retirement plan
Comment from : @charmcrypto824

So many refer to doubling, and 12 in the stock market, etc, but my 403b is lucky to pull 5 - 7 when you look at the years were it was negative growth The majority of growth has been employer employee contributions, not market growth I don't know who is getting their 12, but it isn't me for sure
Comment from : @dwaynemauk566

Thanks for the 7/5/10 rule!
Comment from : @kiltedpiper98

Nice, your video quality is pretty awesome Not too busy and not to dull, I am taking baby steps, someday I hope I can get to your refined level Keep growing "Subscribed"
Comment from : @andonemorething49

Some flaws Tax deferred means more $ invested Let’s say you are taxed at 25… that is additional $ working for you over a period of time Also when you retire you need less $ so you will most likely be in a lower tax bracket Just do the math based on your situation
Comment from : @DEEZEEMTB

Great video Julia with very clear explanations and examples I am an avid consumer of content in this arena and just subscribed I am retired but strive to educate my children and grandchildren in this area so they can have their best futures I am going to start watching your other videos Keep up the great content! Larry, Central Valley, Ca
Comment from : @ld5714

I'm 59, I was able to set up a ROTH last year after spending most of my life earning very little, and being unemployed for 6 years until a year and a half ago! Whatever savings and retirement funds I had were exhausted during my unemployment period when I had become unemployable and my job had become to look for work, which in retrospect was a lot of work! I had paid off my student loans during my academic "career" and don't use credit cards I had to close my bank accounts because I ran out of money and had to borrow from family and friends to survive! But I got lucky and was hired by a biotech startup as their chief biochemist post pandemic! I have been granted 45K options in the company and am vested at 35 I don't own anything and don't have a family, I sacrificed all of that for my education and "career"! In my ROTH I contributed $7500 for 2023 in December and $8000 In June for this year The value of my ROTH is now at $16,618 and I have also just put another $8000 in my regular brokerage account and I think I can put in another $20-30K in that account by the end of the year I am very impatient, how do I speed things up? I don't know how long this job will last, or if it will be my last job! I don't know if the company will be of any value if and when we will go public! I am tired of living minimally, I have been living minimally my entire life! I want the life other people take for granted, I am tired of waiting and being frustrated! I wanted to buy my first house someday, but I don't know if that is even possible! Also, If I retire at 67, SS will pay me only $1,327!
Comment from : @DanielGonzalez-cs8pr