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‘How To Retire’ YouTube Channel

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Your best investment might be your biggest retirement risk. If a single winning stock like Nvidia (NVDA) has grown into an oversized chunk of your portfolio, this video walks through why you struggle to sell it and how to diversify a concentrated stock position without regret. 🎯 Get a personalized retirement plan: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ Most people already know they are too concentrated. The reason they still won't sell is not a lack of discipline. It's a behavioral finance bias called the endowment effect: we value what we already own far more than we would value the same thing if we didn't own it. Being aware of the bias is not enough to change the behavior, so in this video I show you how to work with the attachment instead of arguing against it. I also cover the "good company" trap. GM and Wachovia were household names, and shareholders who refused to diversify were hurt anyway. Concentration risk, not company quality, is what puts an early retirement in danger, especially once you factor in sequence-of-returns risk. IN THIS VIDEO YOU'LL LEARN: - Why you can't sell a winning stock, even in an IRA with zero tax cost - How the endowment effect drives concentrated stock decisions - Why a great company can still be a dangerous position size - The "buy-it-today test" for deciding how much to hold - How to trim a concentrated position in slices without trying to time the top QUICK ANSWERS: What is the endowment effect? It's the tendency to overvalue an asset simply because you own it, which makes selling feel like a loss even when diversifying is the smarter financial decision. Why is a concentrated stock position risky in retirement? A single company can fall 50 to 80 percent and never recover. When one stock funds a long retirement, that drop can permanently reduce how much you can safely spend. Should you sell a winning stock to diversify? Diversifying is not a prediction that the stock has peaked. It removes the risk that one company can take your retirement down with it, so you still benefit if the stock keeps rising. ✅ WORK WITH PRANA WEALTH Free retirement fit assessment: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ 📗 FREE “How to Retire” Checklist: https://howtoretire.kit.com/newsletter 📊 How we help you retire sooner: https://www.pranawealth.com/what-we-do/ 📗 Chapters: 0:00 - Intro 1:43 - The real reason you can't sell 3:11 - The "good company" trap 4:56 - Diversify without regret 🔔 Subscribe for weekly retirement, tax & Social Security strategy: https://www.youtube.com/@HowToRetire?sub_confirmation=1 📍 About Patrick King, CFP® Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. #howtoretire #feeonly ---------- ⚠️ SCAMMER WARNING I will not solicit you to contact me nor will I make any recommendations in the comments sections. Please note that there are impersonators and bots out there doing their best to scam you. Please ignore any comments that mention how someone or some strategy made them money. ---------- 🚨 DISCLAIMER: NOT FINANCIAL ADVICE The information on this channel is for educational and informational purposes only. I only give financial advice to my clients who pay me to do so. Please consult with your financial and/or tax professional. If you need financial advice, visit https://connect.xyplanningnetwork.com/find-an-advisor or https://www.napfa.org to find a financial planner who is fee-only and a fiduciary (at all times).
Your Best Investment Might Be Your Biggest Risk
You don’t have to work until 65 to start enjoying more freedom! If traditional retirement feels too far away, there are several ways to downshift your career, work less, or even stop saving for retirement before you’re ready to fully retire. 🎯 Get a personalized retirement plan: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ In this video, I walk through 4 alternatives to traditional retirement. We also touch on the 4% rule, sequence-of-returns risk, retirement spending, Coast FIRE calculations, and how to decide which retirement path might make the most sense for you. And at the end, I’ll share which of these four approaches I’ve chosen for my own life. The bigger idea? Retirement doesn’t have to be an all-or-nothing decision. With the right financial planning, you may have more options—and be closer to financial freedom—than you think. If you’re in your 50s and wondering whether you really need to keep working until 65, this video will help you think through the alternatives. ✅ WORK WITH PRANA WEALTH Free retirement fit assessment: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ 📗 FREE “How to Retire” Checklist: https://howtoretire.kit.com/newsletter 📊 How we help you retire sooner: https://www.pranawealth.com/what-we-do/ 📗 Chapters: 0:00 - Intro 🔔 Subscribe for weekly retirement, tax & Social Security strategy: https://www.youtube.com/@HowToRetire?sub_confirmation=1 📍 About Patrick King, CFP® Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. #howtoretire #feeonly ---------- ⚠️ SCAMMER WARNING I will not solicit you to contact me nor will I make any recommendations in the comments sections. Please note that there are impersonators and bots out there doing their best to scam you. Please ignore any comments that mention how someone or some strategy made them money. ---------- 🚨 DISCLAIMER: NOT FINANCIAL ADVICE The information on this channel is for educational and informational purposes only. I only give financial advice to my clients who pay me to do so. Please consult with your financial and/or tax professional. If you need financial advice, visit https://connect.xyplanningnetwork.com/find-an-advisor or https://www.napfa.org to find a financial planner who is fee-only and a fiduciary (at all times).
You Don't Have To Work Until 65
Claiming Social Security at 62 isn’t always the mistake everyone says it is—here’s when filing early actually makes sense. 🎯 Get a personalized retirement plan: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ Should you claim Social Security at 62 or wait until 70? Fee-only fiduciary Patrick King, CFP® explains why the “always wait” advice can be wrong, the one question that should drive your decision, how your portfolio factors in, and the bad reasons people file early. ✅ WORK WITH PRANA WEALTH Free retirement fit assessment: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ 📗 FREE “How to Retire” Checklist: https://howtoretire.kit.com/newsletter 📊 How we help you retire sooner: https://www.pranawealth.com/what-we-do/ 📗 Chapters: 0:00 - Intro 1:08 - The one question 3:43 - A portfolio decision? 5:57 - Some years are worth more 7:13 - A bad reason to file early (IMO) 🔔 Subscribe for weekly retirement, tax & Social Security strategy: https://www.youtube.com/@HowToRetire?sub_confirmation=1 📍 About Patrick King, CFP® Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. #socialsecurity #socialsecuritybenefits #retirementplanning #howtoretire #feeonly ---------- ⚠️ SCAMMER WARNING I will not solicit you to contact me nor will I make any recommendations in the comments sections. Please note that there are impersonators and bots out there doing their best to scam you. Please ignore any comments that mention how someone or some strategy made them money. ---------- 🚨 DISCLAIMER: NOT FINANCIAL ADVICE The information on this channel is for educational and informational purposes only. I only give financial advice to my clients who pay me to do so. Please consult with your financial and/or tax professional. If you need financial advice, visit https://connect.xyplanningnetwork.com/find-an-advisor or https://www.napfa.org to find a financial planner who is fee-only and a fiduciary (at all times).
Social Security at 62 Isn't Always a Mistake
Index funds have a growing problem—and SpaceX is the perfect example. Here’s what every index investor needs to understand before retirement. 🎯 Get a personalized retirement plan: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ The biggest companies are staying private longer, which means index funds like the S&P 500 may miss much of their growth. Fee-only fiduciary Patrick King, CFP® explains the “SpaceX problem” with index investing, the IPO trap, and the rules you need to invest smarter for retirement. ✅ WORK WITH PRANA WEALTH Free retirement fit assessment: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ 📗 FREE “How to Retire” Checklist: https://howtoretire.kit.com/newsletter 📊 How we help you retire sooner: https://www.pranawealth.com/what-we-do/ 📗 Chapters: 0:00 - Intro 1:19 - The IPO trap 4:35 - Not much to buy? 8:28 - You need better rules 🔔 Subscribe for weekly retirement, tax & Social Security strategy: https://www.youtube.com/@HowToRetire?sub_confirmation=1 📍 About Patrick King, CFP® Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. #indexfunds #sp500 #investing #howtoretire #retirementplanning ---------- ⚠️ SCAMMER WARNING I will not solicit you to contact me nor will I make any recommendations in the comments sections. Please note that there are impersonators and bots out there doing their best to scam you. Please ignore any comments that mention how someone or some strategy made them money. ---------- 🚨 DISCLAIMER: NOT FINANCIAL ADVICE The information on this channel is for educational and informational purposes only. I only give financial advice to my clients who pay me to do so. Please consult with your financial and/or tax professional. If you need financial advice, visit https://connect.xyplanningnetwork.com/find-an-advisor or https://www.napfa.org to find a financial planner who is fee-only and a fiduciary (at all times).
Index Funds Have a SpaceX Problem
Retirement scams like the “Phantom Hacker” are draining retirees’ life savings—here’s how the scam works and the exact checklist to protect your money. 🎯 Get a personalized retirement plan: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ The Phantom Hacker scam has cost older Americans hundreds of millions of dollars. Fee-only fiduciary advisor Patrick King, CFP® breaks down how retirees are losing their life savings to this fast-growing fraud, the warning signs to watch for, and a step-by-step prevention checklist to keep your retirement secure. ✅ WORK WITH PRANA WEALTH Free retirement fit assessment: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ 📗 FREE “How to Retire” Checklist: https://howtoretire.kit.com/newsletter 📊 How we help you retire sooner: https://www.pranawealth.com/what-we-do/ 📗 Chapters: 0:00 - Intro 1:25 - Meet the “Phantom Hacker” 4:59 - The warning signs 7:48 - Prevention checklist 🔔 Subscribe for weekly retirement, tax & Social Security strategy: https://www.youtube.com/@HowToRetire?sub_confirmation=1 📍 About Patrick King, CFP® Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. #retirementscams #phantomhacker #howtoretire #retirementplanning #feeonly ⚠️ SCAMMER WARNING I will not solicit you to contact me nor make recommendations in the comments. There are impersonators and bots trying to scam you. Please ignore any comment that mentions how someone or some strategy made them money. 🚨 DISCLAIMER — NOT FINANCIAL ADVICE This content is for education and entertainment only and is not financial, tax, or legal advice. (Keep your existing full disclaimer paragraph here.)
How Retirees Are Losing Their Life Savings (and How To Stop It)
📊 Need help with retirement planning? Click here: https://www.pranawealth.com/retire 📗Chapters: 0:00 - Intro 1:53 - The permission slip 4:13 - Build a paycheck 7:20 - The real risk isn't what you think 🔗 Work with Patrick: https://www.pranawealth.com/ #howtoretire #retirement 📍About Patrick King CFP® Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. ---------- ⚠️ SCAMMER WARNING I will not solicit you to contact me nor will I make any recommendations in the comments sections. Please note that there are impersonators and bots out there doing their best to scam you. Please ignore any comments that mention how someone or some strategy made them money. ---------- 🚨 DISCLAIMER: NOT FINANCIAL ADVICE The information on this channel is for educational and informational purposes only. I only give financial advice to my clients who pay me to do so. Please consult with your financial and/or tax professional. If you need financial advice, visit https://connect.xyplanningnetwork.com/find-an-advisor or https://www.napfa.org to find a financial planner who is fee-only and a fiduciary (at all times).
How To Go from Saving to Spending Without Losing Your Mind
📊 Need help with retirement planning? Click here: https://www.pranawealth.com/retire 📗Chapters: 0:00 - Intro 1:27 - The confidence problem 3:59 - The version problem 5:07 - The expert gap 7:03 - How to use AI #howtoretire #retirement 📍About Patrick King CFP® Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. ---------- ⚠️ SCAMMER WARNING I will not solicit you to contact me nor will I make any recommendations in the comments sections. Please note that there are impersonators and bots out there doing their best to scam you. Please ignore any comments that mention how someone or some strategy made them money. ---------- 🚨 DISCLAIMER: NOT FINANCIAL ADVICE The information on this channel is for educational and informational purposes only. I only give financial advice to my clients who pay me to do so. Please consult with your financial and/or tax professional. If you need financial advice, visit https://connect.xyplanningnetwork.com/find-an-advisor or https://www.napfa.org to find a financial planner who is fee-only and a fiduciary (at all times).
Should You Trust A.I. With Your Retirement Plan?
Retiring single changes the math—taxes, Social Security, and care planning all work differently. Here’s what to know. 🎯 Get a personalized retirement plan: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ Patrick King, CFP® covers what changes when you retire single: the single-filer tax trap, why Social Security timing matters even more, and how to plan for long-term care without a partner as a backstop. ✅ WORK WITH PRANA WEALTH Free retirement fit assessment: https://www.pranawealth.com/discover-if-you-are-ready-to-retire/ 📗 FREE “How to Retire” Checklist: https://howtoretire.kit.com/newsletter 📊 How we help you retire sooner: https://www.pranawealth.com/what-we-do/ 📗 Chapters: 0:00 - Intro 1:51 - Single-filer tax trap 4:59 - Social Security matters more 7:58 - Planning for care 🔔 Subscribe for weekly retirement, tax & Social Security strategy: https://www.youtube.com/@HowToRetire?sub_confirmation=1 📍 About Patrick King, CFP® Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. #retiringsingle #retirementplanning #socialsecurity #howtoretire #feeonly ---------- ⚠️ SCAMMER WARNING I will not solicit you to contact me nor will I make any recommendations in the comments sections. Please note that there are impersonators and bots out there doing their best to scam you. Please ignore any comments that mention how someone or some strategy made them money. ---------- 🚨 DISCLAIMER: NOT FINANCIAL ADVICE The information on this channel is for educational and informational purposes only. I only give financial advice to my clients who pay me to do so. Please consult with your financial and/or tax professional. If you need financial advice, visit https://connect.xyplanningnetwork.com/find-an-advisor or https://www.napfa.org to find a financial planner who is fee-only and a fiduciary (at all times).
Retiring Single? Here's What Changes
📊 Need help with retirement planning? Click here: https://www.pranawealth.com/retire 📗Chapters: 0:00 - Intro 1:04 - From saving to spending 3:24 - Math vs. emotion 5:28 - The cost of waiting #howtoretire #retirement 📍About Patrick King CFP® Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. ---------- ⚠️ SCAMMER WARNING I will not solicit you to contact me nor will I make any recommendations in the comments sections. Please note that there are impersonators and bots out there doing their best to scam you. Please ignore any comments that mention how someone or some strategy made them money. ---------- 🚨 DISCLAIMER: NOT FINANCIAL ADVICE The information on this channel is for educational and informational purposes only. I only give financial advice to my clients who pay me to do so. Please consult with your financial and/or tax professional. If you need financial advice, visit https://connect.xyplanningnetwork.com/find-an-advisor or https://www.napfa.org to find a financial planner who is fee-only and a fiduciary (at all times).
Why You Still Feel Broke With $2 Million In Retirement
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