Welcome back to Continues To Tick! It’s hard to accept I likely won’t retire earl with Dividend Investing, or at least as early as I first imagined. However, with this said, I’m currently on a path to retire by age 50 with this strategy. In this video I go into detail on my complete plan to retire by the age of 50 with Dividend Investing. In addition to Dividend Investing, I show you my entire retirement strategy which also includes a state pension, a 457(b) account. And what am I going to do about health insurance in an earlier retirement?… I go over this as well. Given the journey is still a ways away as I’m currently 26 years of age, I also go over potential catalysts to speed up this process for an earlier retirement that age 50, along with potential disruptors which which in opposition would lead to a later retirement past age 50. This is a rather technical video, I usually don’t make these, so I hope you enjoy it, as much as I enjoyed putting it together. See you next! Like and Subscribe as Time continues to tick, and this journey won’t be stopping anytime soon 🙂
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|TIME STAMPS|
00:00 Intro
01:06 My Complete Plan to Retire at 50 with Dividend Investing
02:30 First: Dividend Portfolio
07:07 Potential Yearly Income From Dividend Portfolio at Age 50
07:19 Second: State Pension
08:19 Potential Yearly Income From State Pension at Age 50
10:04 Third: 457(b) Account
11:25 Potential Yearly Income From 457(b) at Age 50
13:09 My Total Yearly Gross Income in Retirement at Age 50
14:28 Forth: My Plans for Health Insurance, Retiring at Age 50
15:55 Potential Catalyst to Speed Up My Retirement
18:58 Potential Disruptors That May Slow My Retirement
20:57 Closing Remarks…(read more)
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I think you can easily retire between 40-45, especially if you don't have children. You would have to look at higher dividend stocks (easy to find) and move outside of the States. Personally I'm leaning towards Mexico.
You'll get there, no doubt! The issue for me is I'm 53, but I still opened a Roth IRA and I will add funds to it on a regular basis. In 10 years (depending on my contributions) I will have a nice little fund where I can use the dividends to have an additional revenue stream. I have a nice 401k that has been building for three decades. So between that and the Roth IRA I will be able to live off that money. Who knows what social security will look like by then and I am not solely relying on that as my only income source. I saw my parents go through that because they never invested and had to depend on SS. This limited their lifestyle when they were supposed to be enjoying it more like being able to travel and see the world.
Congratulations on all your planning. I'm impressed. Don't feel sad about not retiring as early as wished. I'm eligible for Medicare and I'm still working! LOL.
You probably should have kid's though
Also, what % do you put into your pension?
Cali pension is billions in debt.
Also I believe your going to hit retirement long before 50.
Real estate investment get you there faster, Your YouTube channel eventually will pay you 2k to 5k a year with more video consistently. You should sale in easily.
For most things in life time is the enemy. For dividend investors its just the opposite, time is your friend. Great goal to have and you can do it, its inevitable with the help of compounding over time.
Still chugging along. Still willing to retire as soon as the numbers look doable. Tick tick tick. That clock ticks, whether I punch it or not. Great points in this video. We have plans, but they rarely work out exactly as expected. Sometimes for the worse, but often times for the better. <3
First
Thanks for content