Here's Why I'd Spend More, Not Less, After $1M.

Comments · 23

• KY

  @KyleKuyat · 3 months ago · pinned

  Thanks for watching, if you enjoyed the video I&apos;d appreciate if you gave it a like and subscribed if you haven&apos;t already! If you&apos;re looking for help with you financial plan, reach out to us here: <a href="https://definingwealth.com/book-an-explore-call/">https://definingwealth.com/book-an-explore-call/</a>

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• JO

  @joekuhnlovesretirement · 3 months ago

  Confidence to spend is a big obstacle. &nbsp; Good topic

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• MI

  @michaelbakhtiar9256 · 3 days ago

  Best video you have done ! &nbsp;It was so easy to understand and very thorough!

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• PO

  @Po1itica11yNcorrect · 3 months ago (edited)

  I&apos;m retiring in 2 years at age 62. Wife is a SAHW and will be age 61. Our goal is for my DROP account to only have 40% of the starting balance remaining after the first 10 years of retirement (Go-Go years), then spend the remaining 40% over the next 15 years after that.<br>This&apos;ll get me to age 87 and my wife to age 86. If one or both of us live longer, we&apos;ll have a Roth account that we allowed to grow untouched over those 25 years. And if neither of us are around at ages 87/86, then our children will inherit the rest, which will help them in their own retirements.<br>Very simple, stable plan.

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• RA

  @RatRace-e1u · 3 months ago

  7%… Dave Ramsey has entered the chat. Just kidding. Thanks for the great video and have a great day.

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• GB

  @gbow8234 · 3 months ago

  Nicely covered. Less fear and more confidence. 👍

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• DE

  @debchalker6900 · 3 months ago

  Especially in today&apos;s market you wouldn&apos;t even be spending down your account since the stock market is raging🎉

• BK

  @BK411PHX · 3 months ago

  Very good episode guys. I appreciate the way you presented multiple angles on this tough subject of spending more sooner than later.

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• HO

  @hoofdpijn · 3 months ago

  Great video and very timely for me. &nbsp;Clarity and confidence are the two biggest things I&apos;m looking for at a this point. &nbsp;Appreciate the video!

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• NZ

  @nz6241 · 3 months ago

  Only way I feel comfortable spending money is when I just spend the &nbsp;dividends and distributions from assets I hold, without selling any shares or units.<br><br>If you can receive &nbsp;about 70K / year from this method without reducing number of assets, then I would feel comfortable.

• TI

  @tinabuggy5632 · 3 months ago

  You’re talking about the 4 to 7% withdrawal rate, but you didn’t say how much the account balance was so you might not be able to spend that much if you don’t have much in there

• DO

  @DonnyWalker-r2c · 3 months ago

  Great video but I&apos;m still left with a few questions about guardrails. <br><br>If I use the guardrail approach how do I set my starting percentage and upper/lower rails?<br><br> If I hit the upper rail do I reduce to the lower? <br><br>Do I change the dollar value &nbsp;for each rail if my portfolio value changes?<br><br>Maybe I&apos;m missing something but what i see so far in guardrails is ultimately an effort to keep my portfolio value relatively constant. Is that right?<br><br>Thanks in advance to anyone with further insight.

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