Curtis Ray

@ArchAdvicer @vangeestguy It's pretty simple... long term with ups and downs and inflation and your massive fees, if 4% safe withdrawal rate is how you don't run it, basic reason tells you that that must be near the long term average after inflation increases are accounted for... trinity study explains

@CurtisNRay @vangeestguy You routinely illustrate “ROTH IRA returns” in retirement @ 4% while referring to the same 4% return as the income produced by the “ROTH IRA”. What else should we assume is at play here? Can you provide some examples of “every major reputable” company illustrating 4x4?

@CurtisNRay is there a reason, on your Lives, that you frequently conflate investment returns with withdrawal rates? You reference 10% compounding returns during accumulation AND THEN reference a 4% (inflation adjusted) return that correlates with a 4% withdrawal.

@ArchAdvicer @vangeestguy It's unfortunate for your clients that you aren't focused on retirement distributions... distract them with secondary functions because the primary function of income is not your strong point. So sad and even worse what happens if you suggest more than 4% and they run out early😭

@CurtisNRay @vangeestguy Thankfully, I understand the difference btwn a safe withdrawal rate & a return rate -and take great efforts to ensure the difference is clear to the public- so my clients generally only fear waking up in a world where their professional refuses to illustrate this difference.

@ArchAdvicer @vangeestguy You obviously are just looking to argue because that's not what I teach. I teach safe withdrawal rates & why they exist & the risks involved taking out too much. Every single retirement income calculator I've ever seen projects 4% inflation adj. That's what clients need to know.

@ArchAdvicer @vangeestguy I rarely even reference the 4% Rule. I show every major reputable retirement planning company in the world have calculators that show 4% as the authority... But yes... you know better and should be trusted using the same system as them. Scary for your clients.

@vangeestguy Target Date Theory bro, go read up. I think it's just easier for him. He can reference the 4% rule for authority, avoid technical debates with viewers, it's not far from what DIY folks often do on average, & it makes MPI look especially good.

@ArchAdvicer @warrior_prof @vangeestguy I show Vanguards calculator and suggested income. It's not my calculator. Strange you all attack my examples using every single retirement income calculator from every major retirement player in the country. But you... some Random FA... can use stocks for more secure income 🤔

Net of inflation & fees for a moderate equity investor post-glide path reversal in retirement with $100-150K gross income? 6-7%. 2-3% inflation; ~1% total fees or less. After tax? Take another 25% off (20% effective federal rate + max 5% AL state tax). Just a best guess at a generic in-state profile.

@Murph_Cap @eric_a_bruns According to Vanguards retirement calculator, Roth using Index funds are pretty terrible. You guys are all the classic example of Isolated Demand For Rigor. Very lazy. Not worth time arguing with people who treat everything with the lense of Isolated Demand For Rigor... 🤷‍♂️

@eric_a_bruns Is THIS post and thread of comments perhaps the reason @CurtisNRay and others have migrated away from X? 🤷‍♂️ I recall and intense but short-lived battle on here last fall. 🍿 Good times.

MPI vs Roth IRA (according to the final boss of life insurance salesmen) Spoiler: Roth IRAs are dog water, obviously

10k Turkey Trot ✅️ Cayden represented with a 36:20. LETS GO!!!💪

@AdvisorAndres I think you meant to say "in retirement our stock based plans produce such low income we should be in the 10-12% tax bracket. If you don't spend a lot, you don't get taxed much..." 🤷‍♂️. Roth 401k are only on your contributions coming from the guy who claims "misleading" on all 😉

@ArchAdvicer @tommymodec Lol. Once I get access to the "Monte Carlo" report so I can read it and explain it to you guys in basic terms, I'm willing to go. How can I can live to discuss something I haven't read yet? You guys make conclusions on snap shots and emotion, I actually learn and study before🤓😉

@tommymodec #NeverForget dudes been busier than @CurtisNRay could ever hope to be; hasn't had time in MONTHS to put together this Zoom call (but he do be tweeting every day)

@ArchAdvicer How do you replicate the tax free general fund? Insurance general fund uses a lot of Bonds and takes the interest to purchase the Call Option. They can realize the interest tax free as a perk of insurance. How does the average investor or even traditional money manager?

IULs. You can replicate the entire thing yourself with surprisingly minimal effort & less overhead.

@colinoverweg @SecretCFP @ramit @mutualofomaha Insurance loan rates aren't tied to the Fed and what they do... Insurance is pretty isolated from the chaos we are seeing right now making is much more predictable than many understand. That's why they can guarantee it will never exceed 6%, because they live I'm their own world.

@CurtisNRay @SecretCFP @ramit @mutualofomaha That's pretty impressive. Hopefully it can stay low! 🤞

My greatest regret of the year is not being able to talk to @CurtisNRay on my podcast (like he asked)

@FuryFinance Lol. At least take the time to understand what MPI is if you claim to be in finance. I'm anti Whole Life. Such amateurs who claim to be professional 🤦‍♂️

Not a bad month! Follow me on my social for great financial knowledge! TikTok | @curtisray" target="_blank" rel="nofollow noopener">tiktok.com/@curtisray Instagram | instagram.com/iamcurtisray YouTube | youtube.com/c/CurtisRay Compound Interest is the 8th Wonder of the World... He Who Understands It, Earns It!

@colinoverweg @SecretCFP @ramit @mutualofomaha No. Still 4%.

@CurtisNRay @SecretCFP @ramit @mutualofomaha Are those loan rates at 6%?

@ArchAdvicer @ramit I'm flexible in October... what day you want to talk? @ramit

@ramit @CurtisNRay Somebody is down ultra-bad 🥺🥺 you’ll take this regret to the grace 😂😉

@ramit My October is has some availability... Im free to come onto your podcast so you have no 2023 regrets!

@SecretCFP @colinoverweg @ramit @mutualofomaha I have no problem answering any questions you have very slowly and clearly so anyone can understand. I provide verified data with every claim I make and why I make it. Give me some questions and I'll answer them for you if you are willing to learn. 🙌

@colinoverweg @ramit @CurtisNRay @mutualofomaha Hahaha exactly. Curtis just talks in circles!

NEVER TRUST YOUR BUSINESS! Even with billionaire mentors, extensive resources, a great idea, majority of businesses will eventually fail. We are in business to make money, provide for our family, and Pay Yourself First into the one business that doesn't fail- Compound Interest!

@MarkALamprecht @dougboneparth @TikTokInvestors @ramit I use my time on things I feel would bring value to others. If discussing my finance helps others, ok, but to help me budget or whatever else, that's a waste of everyones time

@dougboneparth @TikTokInvestors @ramit @CurtisNRay Much as I hate to say it, you don’t know if Ray would have gone on the show. Hate what he pushes but they came to a stand-off. I think Ray is right, he doesn’t need to discuss personal finances - that’s not why he’s criticized.

@Luke_Swanson_ @AdvisorAndres In 9 years you are still the only person to say that name... send me his article or book or whatever and I'll read it. Still not sure after 9 years no client, advisor, CFP or anyone has ever used that term before. Random! Lol

@CurtisNRay @AdvisorAndres I read your “Everyone Ends Up Poor” book or whatever it’s called. You told me in the past that you read Forbes and Yahoo Finance, and you called Kitces a “random” when I recommended his articles. I have zero faith in whatever conclusions you came to in the other book.

@dougboneparth @TikTokInvestors @ramit As long as Ramit promises to not let you come on and cry for 10 mins, I would totally do it. That's my #1 request... no Doug crying... it was painful to endure the rant 🤣

@TikTokInvestors @ramit @CurtisNRay He was never going to do it.