Transcription
Do you know what the real enemies of retirement investment are? It's not a stock market crash. It's not low returns either. The scope is taxes that nibble away at my pocket, and health insurance premiums that are paid just by breathing. It is much harder and more important to block these costs than to achieve a 10% return. I have put a decisive secret plan to solve these two troublesome problems at the very end of today's video. Those who want to protect their retirement funds must not miss today's video and watch it until the end. There are many YouTube videos on how to retire with S&P 500 and Nasdaq 100. However, today's is not just a simple "just buy and save" story. We will perfectly design a method that is just right for Koreans and a vessel to hold my money. I directly managed client assets at a domestic bank and experienced the field at a comprehensive financial company on Wall Street in New York. And now, I have been teaching finance and economics on stage for over 20 years. I will not just talk about theory. I will connect my experience to practical application and transform your vague anxiety into actionable retirement planning today. If you watch the video until the end, you will gain four things. First, why the S&P 500 is the heart of retirement. Second, why the Nasdaq 100 engine must be mixed in. Third, whether overseas direct investment or domestically listed ETFs are more advantageous for retirees. Fourth, a withdrawal strategy that remains unshaken even in a crash market just before retirement. Now, let's begin. Even if you forget everything else today, please remember this one sentence. Retirement is not a return rate game, but a tax rate game. Let's talk honestly. Are you truly at ease with the current retirement system in South Korea? The news says the population is decreasing, and the national pension is running out. I have to protect my old age, but where is all our wealth? Most of it is tied up in real estate. But there is a fatal trap here. It's cash flow problems, or liquidity issues. House prices seem expensive, right? It feels secure. But when you need living expenses in retirement, you can't pull out bricks one by one to buy rice, can you? No matter how much you sit on a luxury apartment in Gangnam, if you don't have cash flow, your old age will inevitably be shaken. This is the cold reality we face. Therefore, we desperately need assets that meet three conditions. First, it must generate cash every month. Second, its value must not decrease even if prices rise. Third, it must trend upwards over time. The place that perfectly fulfills these demanding conditions is the United States. The S&P 500, which buys the entire US economy, and the Nasdaq 100, which invests in technology companies that change the world. These are the most reliable alternatives for an unstable old age in Korea. Let's look at the S&P 500 first. The S&P 500 is not just a collection of 500 companies. In simple terms, it is the representative team of the US economy. As long as the US economy runs, it is structurally bound to be strong in the long term. The key here is the automatic replacement system. It's not about people choosing which company is good and which to remove every time. The S&P 500 moves in a way that larger companies have a larger weighting. So, if a company weakens, its weight in the index naturally decreases as its market capitalization shrinks. And if a company continues to underperform, it will eventually be removed from the list. Then, a more successful company will be newly added. In other words, the S&P 500 is structured to include more successful companies, naturally include less of underperforming companies, and even replace them. Conversely, successful companies automatically increase their weighting. When new strong performers emerge, they enter the index, and companies that lose strength are naturally pushed out. The key here is that we are not picking winners and saying "this stock will rise." The index automatically reflects the results that the market has already produced. We are ultimately buying the system itself where winners survive, not the person who picks the winners. And the S&P 500 accounts for about 80% of the entire US stock market. The market of one country is already large, and that country is the US, the world's strongest economy. Therefore, the S&P 500 alone forms the backbone of diversification. That's why many people use the S&P 500 as the pillar of their retirement funds. The reason is simple: it's large, broad, and its structure changes automatically. Now, let's look at the performance. The S&P 500, the representative index of the US stock market, has achieved an average annual return of 10% over the past 100 years. In the last 10 years alone, it has recorded even higher returns of over 12% due to the strength of technology stocks. This is three to four times the current bank deposit interest rate, a truly eye-opening figure. However, you should not be fooled by this number. What is truly important here is not the return rate itself, but the time required to make that return entirely your own. That is long-term investment. I analyzed approximately 18 years of data from the end of 2007 to December 31, 2025. First, the S&P 500 index. The index, which was 1468 points at the end of 2007, closed at 6,845 points at the end of 2025. The cumulative return is 366%. Looking at the results alone, it is truly excellent. Assets have grown more than four and a half times in 18 years. However, the process was by no means smooth. Statistically, it means that the market has continuously experienced roller-coaster fluctuations of 20% drops and surges within a single year. However, thanks to your patient endurance of these rough waves, we were able to enjoy an average annual return of 9% for 18 years. Ultimately, investing is a process of being rewarded for enduring volatility. Now, a truly surprising twist occurs here. It's about the Nasdaq 100, which is centered on technology stocks. While the S&P 500 more than quadrupled during the same period, what about the Nasdaq 100? It grew at an average annual rate of about 15%, causing the principal to skyrocket more than 12 times. If you invested 100 million won, it became 1.2 billion won. The return is significantly higher. The real mystery here is risk. Normally, if the return is three times higher, shouldn't the risk also be three times higher? Many people worry that the Nasdaq is too risky because it's technology stocks. However, the data is shocking. When we looked at volatility, or risk, which is the fluctuation of stock prices within a year, the S&P 500 was 21% and the Nasdaq was 23%. It's only a 2% difference. In simple terms, the risk was as thin as a sheet of perilla leaf, but the return was as different as the sky and the earth. The fear we have had vaguely is completely different from the results. The lesson this data gives us is very clear. First, do not be afraid of fluctuations. As you saw earlier, behind the enormous returns of the Nasdaq, there was only a fluctuation that was only 2% different from the S&P 500. Looking at the long period of 18 years, that much fluctuation was trivial enough to be ignored. Don't just look at the waves in front of you; look at the big direction the ship is heading. Second, ride the growth. In a world where it's hard to make money like today, top companies in reliably growing technology stocks are highly valued. To ignore growth by saying safety is the best is the biggest cost that will make you regret later, wondering what you were doing while others were earning 12 times. Let's summarize. Holding only the S&P 500 is very good. It's comfortable and stable, like riding a sturdy large sedan. But there's one problem. If you go too slowly while others are driving sports cars, it can be difficult to overcome the steep hill of inflation. Therefore, we need to add a high-performance turbo engine to this sedan. Maintaining comfort while increasing speed is why mixing is important. Now, let's talk about the protagonist of the problem, the Nasdaq. In fact, for our generation on the verge of retirement, the Nasdaq can be an object of aging, or even fear. I fully understand. It's understandable. Do you remember the dot-com bubble of 2000? The Nasdaq fell nearly 80% from its peak then. It was a terrible nightmare where my hard-earned money was almost cut by a tenth. We don't have to go far. Just three years ago, in 2022, stock prices fell by 33%, causing many people to lose sleep. When the stock market fluctuates, doesn't your heart sink? But what if we think about it this way? This fluctuation is not a threat that intimidates us, but like an amusement park entrance fee that we must pay to get higher returns than others. Let's actually look at the data. Looking at the past 18 years from 2008 to last year, 2025, the results are surprising. The Nasdaq, which is composed of leading US technology stocks, performed better than the S&P 500 in as many as 14 years. This means that in the period from 2008 to 2025, the Nasdaq 100's performance was better than the S&P 500's in about 75% to 80% of the time. The key takeaway here is clear. If you look at just one or two days, or even one year, the rising and falling waves can feel frightening. But we are not going to withdraw money tomorrow. Our retirement preparation is a long, long marathon that lasts 10, 20 years or more. As time gets longer, meaning as we stay in the market longer, our probability of winning definitely increases. Don't be too upset by the current fluctuations. Time is ultimately on our side. There is another important fact here. The Nasdaq of 2000, which many people worry about, is qualitatively completely different from the Nasdaq of 2026. Do you still think the Nasdaq is a bubble of risk? Yes. It was true 25 years ago. But it is wrong now. We often call these technology stocks, but from an investment perspective, you need to change your thinking. If past technology stocks were gambling, today's Apple and Nvidia are like the most profitable rental buildings in the world. They generate enormous cash flow. Can you imagine a world without smartphones, offices without Windows, or life without delivery services? Today's big tech companies are not just technology companies. They have become essential utilities like water and electricity, indispensable to our lives, and huge platforms that move the world. In 2000, they sold dreams, but in 2026, they dominate reality. Therefore, to remove the Nasdaq from a retirement portfolio out of fear is not choosing stability, but throwing away the most powerful weapon to defeat inflation. Retirees should not blindly seek only safety. As prices continue to rise, isn't it more dangerous if your assets remain stagnant? The power to overcome inflation comes from the growth potential of these top companies. This is why the Nasdaq must be kept in the portfolio. So, now for the most important question. What will the market be like after 2026? Yes. According to a comprehensive review of reports from various experts, the conclusion can be summarized in one sentence. Growth is stronger than expected. There are three main reasons. First, it is still the United States. Where are the protagonists of the AI revolution that is changing the world today? Technology, money, and talent are all flowing into the United States. Just as the tide comes in, this trend will not stop for a while. Second, it is now a market driven by skill, not by bubbles. Stock prices are not rising due to vague expectations like before. It will be a very healthy market where stock prices rise as companies actually make good money and their performance reports, i.e., earnings, are confirmed. Third, the trickle-down effect. Until now, only super-large tech stocks, the so-called "Big Seven," have dominated. In the future, the warmth of the money earned by these giants is likely to spread to other solid companies, leading to overall market improvement. Of course, there are risks. It is true that stock prices have become a bit expensive. Corrections of 10% can occur at any time. But don't be scared. For long-term investors like us, these corrections are not a cause for fear, but an opportunity for a bargain sale to buy good stocks cheaply. Finally, I have just one earnest request. Please do not buy or sell based on the news. What does it mean when the news is plastered everywhere? It means the bus has already left. If you rush in after everyone else knows, you are likely to buy at the peak. Don't be left behind. What we should believe in is not the announcer's voice, but our own system. Buying in small portions like a machine on the dates and amounts we set. And rebalancing when the ratios are off. Only those who stick to this boring and simple promise until the end will ultimately be able to retire with a smile. Now, choosing good stocks is not the end. The real competition starts now. For those investing in US stocks from Korea, you will shed tears later if you don't know this. It's about the difference in the vessel. Even if you buy the same S&P 500, the results will be vastly different depending on whether it's in a general account or a tax-advantaged account. It's not just about paying more or less taxes. If you invest incorrectly, you could even face a health insurance premium bomb later. If you don't want your lifetime savings for retirement to be taken away by health insurance premiums, you must remember these two paths I will tell you from now on. The first path is overseas direct investment. It's buying original ETFs listed on the US market by exchanging dollars. Friends like SPY, VO, IVV, which you know by name, are S&P 500. For Nasdaq, you can buy things like QQQ or QQQM. The biggest advantage of direct investment is that taxes are clean. If you make a profit, you only pay a 22% capital gains tax. That's it. No more questions asked. Why is this important? This profit is not combined with your monthly or annual pension income. This means you can completely avoid the terrifying tax bomb of comprehensive income tax on financial income. For those with high annual incomes or large assets, there is no greater appeal. The second reason is even more powerful. It's a bunker that can avoid health insurance premium bombs. Health insurance premiums nibble away at retirees' pocket money. Capital gains from overseas direct investment are excluded from this. This fact alone is enough reason to do direct investment. The third is the power of the super currency, the dollar. When the Korean economy is shaken, the dollars in your account serve as a safety belt, shining even brighter. Some people say the currency exchange fee is too expensive, or it's difficult to trade at night. That's right. It's inconvenient. But think of it as building a house. The dust and noise during construction are temporary costs. However, a sturdy house, a system free from tax and health insurance premium worries, becomes a lifelong home for our family. Don't make the mistake of missing out on a sturdy system due to small costs. What about US ETFs listed on the Korean stock market? Yes, they are very convenient. You can shop in won like buying groceries when our market opens, without staying up all night. The accessibility is truly excellent. Moreover, if you put them in tax-advantaged accounts like pension savings, IRP, or ISA, it couldn't be better. However, there is a place you must absolutely be careful about. It's a general brokerage account with no benefits. If you buy there, it's a big problem. Why? Because the money earned here is treated as dividend income, not stock gains. Paying a 15.4% tax is basic. If the total of dividends and other income exceeds 20 million won per year, you will be subject to the dreaded comprehensive income tax on financial income and face a tax bomb. Even more terrifying is what comes next. It's health insurance premiums. Dividend income increases your health insurance premium score. Taxes are paid once a year and can be forgotten, but what about health insurance premiums? They are deducted from your account every month until you die. For retirees, the fear of this fixed expense is on another level. It's complicated, isn't it? I will deliberately clarify the decision-making criteria for you today. The larger the amount of money you manage, i.e., your retirement funds, the more overseas direct investment is the answer. The benchmark is 300 million won. Let's calculate. If you manage 300 million won and earn a 10% annual return, how much is that? It's 30 million won. If you invest this in a domestically listed ETF general account, the entire 30 million won profit is treated as dividend income. Then, it far exceeds the 20 million won threshold for comprehensive income tax on financial income. At that moment, you will face a tax bomb and your health insurance premiums will also skyrocket. On the other hand, what about overseas direct investment? Whether you earn 30 million won or 300 million won, you just pay a 22% tax and it's over. It is perfectly separated from your health insurance premiums and other income. The real reason why asset holders do direct investment is this power of separation. The conclusion is as follows. For the amount that qualifies for tax credits, put it in tax-advantaged accounts like pension accounts. However, the main body of your substantial retirement funds must be managed through overseas direct investment to avoid future problems. Now, please write this down in your notepad. I will give you the golden ratio tailored to your age. First, for those in their 40s. You are still young. The 40s are an expansion phase where you need to accelerate the engine as much as possible to increase the size of your assets. This is because time is on your side until retirement. The recommended ratio is very aggressive. 90% stocks, 10% cash, which is close to a full investment. Within that, S&P 500 and Nasdaq are split 50/50. You might ask if half Nasdaq is too risky. No. You have the weapon of time. To fully benefit from the magic of compounding, you need the speed of return. Nasdaq's volatility will be resolved by time, so don't be scared. Execution should be as simple as possible. Set up an automatic payment on your salary day. Buy like a machine. And for ISA accounts, don't withdraw them all when the 3-year maturity is up; transfer them directly to your pension account. This will further increase your tax deduction benefits. This is how the wealthy roll the snowball. Next, for those in their 50s. From now on, it's a phase where you need to buckle up your seatbelt. For those in their 50s, on the verge of retirement, the biggest enemy is not low returns. It's a market crash just before retirement. In technical terms, it's called sequence of return risk. Simply put, while young people can wait for recovery after a crash, it's fatal for those in their 50s because they don't have time to recover. Therefore, we will make the portfolio a bit more robust. That is, allocate 70% to stocks and 30% to safe cash and bonds. Within stocks, the proportion of Nasdaq, which has high volatility, will be significantly reduced. So, it's 70% S&P 500 and 30% Nasdaq, a strategy to secure growth while minimizing fluctuations. A question many people ask here is: should I invest a lump sum like severance pay all at once, or in installments? Usually, people suggest installments because of psychological anxiety. However, the data shows the opposite shocking results. Global institutions like Vanguard and RBC have analyzed that investing the entire amount at once has a 70% higher probability of making money than investing in installments. In fact, when data from 1990 was analyzed, lump-sum investments earned an average annual return of 11.5%, while investing in installments over a year yielded only 3.2%. The difference is truly enormous. The reason is simple: the stock market trends upwards in the long term, and the opportunity cost is lost during the time you hold cash waiting to buy in installments. Here's the conclusion. For those who are strong-willed and prioritize data, invest boldly. On the other hand, for those who prioritize sleeping soundly at night, invest in installments comfortably. The answer depends on your investment propensity. However, there is something very important here. No matter how much the data screams that investing everything at once is the answer, it's useless if your mentality collapses. If you lose sleep at night due to anxiety and end up selling everything at the bottom and running away, that is a failed investment. Therefore, I strongly recommend a hybrid installment purchase as a compromise. The method is very specific. Invest 50% of the lump sum immediately. And the remaining 50% will be invested slowly over 6 months to 1 year. Why is this method brilliant? If the stock price rises, the first 50% invested earns money, which is good. If the stock price falls, you can buy cheaply with the remaining cash, turning fear into opportunity. It simultaneously captures the joy of a bull market and the defense of a bear market. The exchange rate is the same. If the dollar seems too expensive now, divide your currency exchange. Conversely, if it seems cheap, exchange some in advance. The key is one thing: do not go all-in on your precious money at a single timing. This principle will protect your psychology. Finally, for those in their 60s, the crucial stage of practical investment. For those in their 60s, what's important is not the high return rate. It's creating a cash flow system that doesn't run out until death. The recommended golden ratio is 50% stocks and 50% safe assets. Exactly half and half. Within stocks, fill 80% with the reliable S&P 500 and significantly reduce the volatile Nasdaq to 20%. Here comes the highlight of today's video. The lifeline of retirees: the cash reserve strategy. Don't think of it as difficult. Just remember to set aside living expenses for 3 years. This means setting aside money for 3 years in very safe places like savings accounts or short-term bonds. Why do we do this? To endure when the stock market crashes. The most terrifying nightmare for retirees is when the stock price halves, and they have to sell those stocks at a low price because they don't have money for immediate expenses. This is an act of self-destruction. However, with a cash reserve, it doesn't matter if the stock price crashes. "Oh, the stock price fell. It's okay. I have cash for 3 years." You can live off this secured cash and buy time until the stock market recovers. Not selling when prices fall. This is the only survival strategy for retirees in their 60s. Now, you need to pay close attention. This is the maze of taxes. Blocking taxes is much more important for retirees than increasing returns by a few percent. Korean tax law has a terrifying death line: 20 million won per year. Whether it's bank interest or stock dividends, if the total exceeds 20 million won per year, the gate opens. You become subject to comprehensive income tax on financial income. Why is this terrifying? Any amount exceeding 20 million won is combined with your other income and taxed again. For those with high incomes, the tax rate can be as high as 49.5%. This means you could end up paying half of your earnings in taxes. It doesn't end there. A more insidious trap awaits: comparative taxation. The National Tax Service never loses. They double-check their calculators. One is the comprehensive taxation method, and the other is the original taxation method. They will then send you a bill based on whichever method results in higher taxes. It's a system with no loopholes. The conclusion is simple. Once you exceed the 20 million won threshold, the rules of the tax game completely change. It means you are not just a simple investor but a target of close management by the National Tax Service. The complex tax story is simplified for you. Just stand in the right line according to your situation. First, if you think your interest or dividend income will be less than 20 million won per year, then an ISA account is definitely the answer. It offers tax exemption of up to 2 million or 4 million won and separate taxation. You can safely grow your assets while taking advantage of government benefits. Second, if you have substantial assets, expect to exceed 20 million won, and anticipate ample cash flow after retirement, then go for overseas direct investment without hesitation. No matter how much you earn, you only pay a 22% tax, and the matter is settled. It's the most powerful weapon to sleep soundly without worrying about comprehensive income tax on financial income. Here's a bonus tip: the tax harvesting strategy. For overseas stocks, you don't pay a single won in tax for up to 2.5 million won per year. By using this, you can sell stocks that have made profits at the end of the year, up to 2.5 million won, and then buy them back. This legally allows you to realize profits and pay zero tax, giving you a 13th-month bonus. Now, for the truly scary part: health insurance premiums. Retirees who have gone before you unanimously say that health insurance premiums are scarier than taxes. Why? Because taxes are paid only when you make a profit, but health insurance premiums are deducted every month, just by breathing. Many of you are currently listed as dependents on your children's health insurance, right? You shouldn't be complacent about this. If your annual income exceeds 20 million won, your eligibility will be immediately revoked. Here's a fatal mistake. For those who manage their retirement funds through domestically listed US ETFs, the profits earned here are treated as dividend income. If you earn 30 million won in a year and use it for living expenses, you will exceed the 20 million won threshold, your dependent status will be immediately lost, and you will be converted to a regional subscriber. Then, health insurance premiums will be billed based on your income, as well as points awarded for your home and other assets. This means tens of thousands of won will be deducted from your account every month. However, overseas direct investment is different. Under current law, capital gains from overseas stock transactions are not included in the calculation of health insurance premiums. This is why overseas direct investment becomes not an option, but the only refuge for retirees. There's a question that keeps you up at night while preparing for retirement: how much can I safely withdraw from my account each month? Because I don't want to run out of money until I die. At this point, there is a formula used as a textbook by retirees worldwide. It's the 4% rule, verified by researchers at Trinity University in the US. It's the 4% rule. Let me explain it very simply. If your retirement fund is 1 billion won, you withdraw exactly 4% in the first year, which is 40 million won. This is about 3.33 million won per month. Don't get confused here. In the second year, you don't calculate 4% of the remaining money. You withdraw the amount you spent last year, 40 million won, plus the inflation rate. If inflation rose by 3%, you would withdraw 41.2 million won, which is 40 million won plus 1.2 million won. The key to this rule is to maintain the same purchasing power of your basket of goods even if prices rise. However, the 4% is by no means a strict formula, but just a starting point. The real danger lies in market crashes in the early stages of retirement. If the stock price halves, and you withdraw money to live on while adhering to the 4% rule, it's like cutting open the goose that lays the golden eggs. Even if the market recovers later, your assets will not. That's why the cash reserve strategy I've repeatedly emphasized is necessary. Set aside 3 years of living expenses in safe cash, not in the stock market. If it rains, meaning if the market crashes, don't sell stocks; endure by withdrawing from this cash. Give stocks time to recover, and use cash for living expenses. This system is the real survival strategy that will protect your old age. However, if you follow the 4% rule from American books directly, you could get seriously hurt. There are one or two more variables for us Korean investors. First is the exchange rate. We invest in dollars, but we buy rice and cars with won. When the dollar is expensive, i.e., during a strong dollar period, even a small sale will provide living expenses, but when the dollar is cheap, you have to sell more to meet your living expenses. This means the speed at which your assets decrease can fluctuate due to the exchange rate. Second is taxes. Withdrawing 4% doesn't mean you get 4% in your hand. After paying capital gains tax and dividend income tax, the actual amount you can spend decreases. Therefore, I recommend a slightly more conservative standard for Korean retirees. Aim for around 3% to 3.5% instead of 4%. Or, it's much safer to manage it by dividing it, for example, 1.5% from dividends and 2% from principal withdrawal. True experts engage in dynamic withdrawals here. It's not about matching the exchange rate. It's about creating rules. When the exchange rate rises, you happily sell dollars and spend. When the exchange rate falls, you leave the dollars and use your emergency won fund. This way, you can avoid the mistake of selling your precious dollar assets at a low price. The key is one thing: do not withdraw based on intuition. You must withdraw based on a system and predetermined rules. Finally, I'll reveal a high-level tip that only those who truly know use: tax elimination using your spouse. If you hold US stocks for a long time, the profits can be several times, and even a 22% tax can amount to tens of millions of won. It's a shame. At this point, you can gift your stocks to your spouse. Our law has a generous benefit of gifting up to 600 million won over 10 years without tax. Why is this good? The moment you gift the stocks, the acquisition price of the stocks is reset to the current price. If something you bought for 100 million won is now worth 600 million won, the spouse who receives the gift is considered to have bought the stock for 600 million won. Therefore, even if they sell it for 600 million won later, the capital gains are zero, and you magically pay no tax. However, there is a trap here. The National Tax Service is not foolish. A rule called anti-avoidance taxation has been introduced. You cannot sell immediately after receiving the gift. You must hold it for at least 1 year before selling to recognize this tax-saving effect. If you sell within a year, the tax will be levied based on the original purchase price. Therefore, retirement planning is a timeline game. If you think "I'll gift it when I need money," it's too late. When planning for cash realization in your 60s, you must factor in the time to gift and wait for 1 year to take advantage of this enormous tax benefit. Today's content was very long and important. You can forget all the complex details. Just save this one-page summary I will show you in your mind, or on your phone. First, the S&P 500 is the heart of retirement. It's buying an automatic winning system that automatically replaces top companies without you having to worry. Just trust it and leave it to them. Second, the Nasdaq 100 is the engine. Fluctuations up and down are not risks. They are the entrance fee to go further and faster. Therefore, mixing these two allows for perfect driving. Third, the competition is not in the stocks, but in the vessel. The larger the retirement fund, the more powerful separate taxation through overseas direct investment is. If you invest in domestically listed ETFs in a general account, you cannot avoid tax bombs and increased health insurance premiums. Fourth, change the rules according to your age. In your 40s, grow; in your 50s, buckle up your seatbelt; in your 60s, transition to cash flow. Especially, the 3-year cash reserve, the lifeline of retirees, is not an option but a necessity. Finally, withdrawals are done the Korean way. The American 4% rule is dangerous. Considering taxes and exchange rates, aim for a more conservative 3% to 3.5%. Exchange rates are not matched; they are responded to with rules: sell when it rises, and hold when it falls. Before you turn off the video, please wait a moment. If you just look at today's content with your eyes, you will forget it all tomorrow. Take out a pen right now and open your smartphone's memo app. And decide on these five things today before you go to sleep. First, determine the ratio based on your age. I am in my 50s, so I will go with 70% stocks and 30% cash. Write it down. Second, the combination of S&P 500 and Nasdaq. I will stably go with 70% S&P and 30% Nasdaq. Confirm the ratio. Third, dividing the vessel. This is the most important. Put money for tax credits in pension savings, and move large sums over 300 million won to overseas direct investment. Determine the location of your funds. Fourth, securing survival funds. If retirement is imminent, tie up 100 million won for 3 years of living expenses in savings. This is your cash reserve. Fifth, write down your withdrawal rules. I will withdraw only 3.5% or 5% annually after retirement. Please do not guess. Only those who write down numbers will not be shaken even in a bear market. Have you written everything down? Then your retirement preparation is perfect as of today. If today's video has been even slightly helpful for your retirement preparation, please subscribe and like. This channel does not rely on vague feelings or luck. We design your retirement solely with verified data and a solid system. Next time, we will delve deeply into the cash reserve strategy that I briefly mentioned today. We will show you concrete ways to endure even if a market crash occurs just before retirement without selling stocks, with clear numbers. You can look forward to it. Don't hesitate, and start by buying just one share today. Time that has passed will never return. This has been Dr. Yeo Un-bong, the man who reads finance from Wall Street.