This Is The Average Retirement Income (Unexpected)
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- Опубліковано 25 лис 2024
- This Is The Average Retirement Income (Unexpected)
What is the average retirement income? It's well known that many people are behind when it comes to saving for retirement, with many people needing to work well past the traditional retirement age just to make ends meet. This financial struggle forces some to rely on family, friends, or government assistance to stay afloat. The idea of a comfortable and carefree retirement seems increasingly out of reach for many. In this video, we’ll take a closer look at the average retirement income as well as some other surprising information.
You have some fantastic content on your channel. At 53 years old, my wife and I achieved a net worth of $1 million back in 2017. Fast forward five years, and it has grown to $2.4 million. Despite our combined annual salary of just over $100,000, we have adopted a frugal lifestyle. We continue to drive older cars, prepare meals at home, and make use of leftovers. Additionally, we have two children currently in college. Fortunately, we had saved for their college expenses, and they are contributing by working part-time. As a result, they will graduate without any student debt.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts.
That right, I started investing sometime in 2018 and by late 2021, I pulled out a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by my financial advisor, so you don't necessarily need to be a perfect investor or do the hard works, just have a professional who guides & mentors you.
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, Melissa Terri Swayne, whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.
thank you for this tip , I must say, Melissa appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Many retirees are living on far less than they thought they would. It makes me worried about my own planning. What’s the best way to ensure I don’t end up in that situation?
I completely understand your concern. The average retirement income varies, but it often doesn’t account for unexpected expenses like healthcare or inflation. Many retirees don’t realize how quickly their savings can dwindle.
Healthcare costs are a huge issue. Even with Medicare, the out-of-pocket expenses can really add up. It’s critical to plan for this early. I underestimated these costs, and it set me back in my first few years of retirement.
That’s a good point. Another issue I’ve noticed is retirees not factoring in inflation. If your income doesn’t grow, your purchasing power shrinks over time. I’ve been working on strategies to keep part of my portfolio growing even after I retire.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 15% short of my $3m retirement goal after subsequent investments to date
Do you have any recommendations for a good investment advisor? I could really use some help
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or saving my earnings to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
@@mikegarvey17Could you possibly recommend a CFA you've consulted with?
Yes indeed.... *Izella Annette Anderson* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is striking! could you share info of your advisor, please? i'm in dire need of asset allocation and standing at a crossroads, whether to sell-off or keep holding my positions, my portfolio is retrogressing bad as of late
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.
Overall, 60% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.
@@IngoKociper I agree. Based on personal experience working with an investment advisor, I currently have $480k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks; you also need to be knowledgeable, persistent and have strong hands to back it up.
@@CharliesMcCormicks How can one find a verifiable financial planner? I would not mind looking up the professional who helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@@amolejoshua7452 The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
@@CharliesMcCormicks Thank you for this tip. it was easy to find your coach. She seems proficient considering her résumé.
I’m convinced that investing 50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around 200k in a high yield savings account and want to invest it. What are the best opportunities now?
I believe investors should start with S&P 500/ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
*Marissa Lynn Babula* has always been on the top of my list. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
I'm intrigued by this. I've searched for investment advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thanks, i did a quick web search and i found Sharon, i hope she responds to my mail.
I am looking for tax efficient way to rebalance my 800k retirement portfolio without triggering capital gain tax. what asset location strategies should i use?
The best strategy depends on your financial situation, account types, tax bracket, and investment goals. Consult a financial advisor or tax professional to tailor these strategies for maximum tax efficiency.
My advisor helped me rebalance my $2m portfolio without triggering capital gains taxes by using tax-advantaged accounts and reallocating dividends and new contributions. They also recommended tax-loss harvesting and strategies to stay within my tax bracket. Thanks to their guidance, I maintained my desired asset allocation while minimizing taxes.
I'm worried about my retirement portfolio and could use some guidance. How can I get in touch with your advisor?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Marissa Lynn Babula for years and highly recommend her. Look her up to see if she meets your criteria
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Things are a bit strange right now. Inflation is making the dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $400k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
Thanks for replying, You seem to know much, How did you go about it and can you recommend an advisor like yours?
“Jessica Lee Horst” just check her out. It's possible to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.
I appreciate this tip. It was easy to find your coach's webpage by looking up her name online, She seems proficient considering her resume.
What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@MayaPaisley- That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@LiamOlivia-4 My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@MayaPaisley- The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
Agreed, having a good financial advisor is invaluable, my portfolio is well-matched
for every season of the market and has just yielded 120% from early last year. I and my
advisor are working on a 7 figure ballpark goal, tho this could take another year.
mind sharing info of this person guiding you please? truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor
Her name is. 'NICOLE ANASTASIA PLUMLEE’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
excellent share, just copied and pasted Nicole Ananstasia Plumlee on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I need to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K from my cash savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
You don't need an advisor taking 1%, which if you do the math, can be a significant amount of your money. Invest in 3-5 index funds and you'll be set. There are numerous index funds specifically for high yield dividend equities.
I retired at 53 now, 55. I have close to a six-figure portfolio, 70% income uk 🇬🇧 stocks, blue-chip companies, the rest in growth etfs sp500 nasdaq global technology, etc. I still like the growth aspect of investing but as my grandkids would inherit all this how best does all this get best managed for better returns?
My 401k went 100% in the S&P 500 when I started working in 1989. Left 100% alone till 2007 before it went to 666. Because of my 17 years in the 500, I was able to retire this year with $683k in the 401k (and a pension and rental income). There is no other way to retire before you are 70.
Absolutely! Wealth is made in growth investing . We aren’t in a bear market, but nibbling heavy red days has proven to be fruitful for me over 9 years of investing. I am at 2.25 mil. Biggest positions PLTR, TSLA, SCHD, NVDA, and now looking to build up DRGO alongside finding quality value/growth stocks to buy. I got $48k divs last year in taxable divs. Q3 taxable divs this year was $18,388 this year. Don't sell when the market is down. Having a skilled CFA that puts the time in to do in-depth research can be invaluable in strategizing your portfolio.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Amy Desiree Irish ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
In recent weeks, lnvestors have become concerned that Nvidia has simply come too far, too fast, and they are wondering whether the hectic pace of AI adoption could continue. Nvidia answered that question with a resounding "yes," but given the stock's parabolic gains, blockbuster results simply weren't enough.I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead, searched Viviana by her full name and at once spotted her consulting page, she seems highly professional having over 12 years of experience. amazing!
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I located her through google, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.
This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.
It’s amazing you were able to save that much during your active years. Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital, so you are not left devastated during a market crash or recovery. To simplify the process, you could allocate your resources with the help of a financial advisor.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
Hey, this caught my interest. I worry that I have a couple more months before retirement, can you share more info?
Finding financial advisors like Marisa Michelle Litwinsky who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. Thanks.
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
@HeltonsRasmussens I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@SalgadosVillaltas Mind if I ask you to recommend this particular coach you using their service?
MARGARET MOLLI ALVEY is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@@SalgadosVillaltas Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
@@ShannonsVetters did you forget to switch accounts for this comment?
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@BinuDauti Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help....
@@ThamaraSchlossarek Oh please I’d love that. Thanks!
@@BinuDauti *MARGARET MOLLI ALVEY*
@@BinuDauti Lookup with her name on the webpage.
I am retired now for 2 years and the best advice before you retire is to get out of debt before you retire.
Yes. Live modestly. My friend spend Lots on travel overseas, cruises, new cars, vacations property, boats, new clothes, new phones, going out to eat. Maybe they can afford that. We can do we do with less and be happy. We still have vacations and go out to eat, buy less clothes and drive older cars. We give to local charities. We help a disabled family member and continue to save.
@@lynnhensley4326 I agree, as I get older , I need and want less !
yes. I am retired, 62 and debt free. It make a huge difference.
Cleared up major debt in my mid 50s and retired at 66, just over 4 years ago. After paying off that debt I doubled up on socking money into my IRAs, which with company matching funds moved ahead at a brisk rate. My wife did the same with a company matching plan. I was really worried 20+ years ago that we'd never have enough saved doing blue collar work but checked my statements just last week and was shocked that we are now well over the million mark not including the house. The new problem I see is that we are so well adjusted to living on a shoestring that we have trouble spending all of the SS money. ($55K) Soon we will have RMDs (another $45k) to deal with and we'll need a plan to spend or stash the extra. We already eat out twice a week and take vacations, wife plays golf, and I have a hobby car. I guess the grand kids will be going to a fancy school.
having a debt free life and a paid off house makes ALL the difference!
Without debt in retirement, I think my expenses can be very very modest.
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
Agreed the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around $300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Nice video coverage with trading, technical analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Keep it up!
Shea Ardolf program is widely available online..
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing
Bitcoin's role as a store of value and its potential for future growth make it an attractive investment option. BTC trading can be a thrilling way to participate in this digital asset's journey.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary, I read about Shea Ardolf on the web. That was how I connected
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
I am very lucky. Worked hard, lived modestly, always saving, studied investing.
Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $800K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
’Rebecca Nassar Dunne’ is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I want my money to grow faster than inflation. I have $150K in Retirement savings and I'm looking for companies to invest in, but I'm not sure what strategies will help me get good returns and steady cash flow.
Choose good stocks and keep track of them. If that feels too complicated, hire a financial advisor to grow your money. That's what I do.
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for this tip. It was easy to find your advisor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
CAUTION: there are a tons of scammers that are always posting on these type of financial sites. Never go to any financial planner that you cannot meet with in person. Ask friends and family members for referrals. Never consult with anyone online.
I’m not entirely convinced the “retirement crisis” isn’t manufactured by the self-interested financial planning industry. That’s because I see articles arguing millions of dollars in savings isn’t enough.
Those articles are a bit crazy. You don’t really need millions of dollars to retire. Change your perspective. Look at your retirement savings as an ‘ income generating’ machine. I,too, had read those things and it made me so anxious. Because if that were true I would never be able to retire. However, have been retired 2 years now and doing ok. What helped me was when I read the ‘Happiness Research’ studies that said a persons happiness peaks at an income level of about $75,000 per year. Let’s call that $80,000 because of recent inflation. That’s a number more do able than millions! So, think of your retirement income as divided into 2 categories: Fixed income and Variable income. Your first category, Fixed Income, includes fixed amounts of money you would receive monthly, such things as Social Security and Pensions. Your second category is any income that is not such a sure thing, such as Investment Income which depends on market circumstances. Then figure out what your possible Fixed Income is by looking on the SS site and any pension sites. Add this up to how much per year you will be getting. For this example let’s say that SS and a Pension add up to $50,000 a year. Now compare that to the $75,000 to $80,000 a year that happiness studies say where your happiness peaks. So that means you only need to come up with about $25,000 to $30,000 a year in variable income as your goal for a retirement income to achieve ‘maximum happiness’ level income. This is more achievable a goal than millions of dollars. Then look at your variable income…how much money can your current investments generate? On average. Maybe not enough? So maybe you will need some part time job that generates about $20,000 a year, or how about some micro business to generate a few bucks? But that’s probably not a full time working position, only working a couple days a week. That’s still a retirement and not too bad of a deal.
not counting my residence I have less than $200K in my portfolio. I could retire at any time. I was retired for two years and did not like it. I'm back to work full time and loving it. The secret- have no debts and live beneath your means. Also, waiting way past my FRA boosted my SS to almost $3400. Plus a small pension and my wife's SS of $1600. and we are swimming in cash. I put half my paycheck into savings and give the rest away. It is easier than you think.
@@uncareid5557YEAH, SURE YOU DO!😂😂
@@Valmontst sure I do what? Enjoy my work? Need to keep busy? Not called as a Christian to live a life of self indulgence? What are you doubting? And why are you shouting?
As you approach retirement, shifting towards more stable and less volatile investments, like bonds and dividend-paying stocks, can help preserve your capital and provide a steady income.
Knowing how many years you have until retirement will guide your investment choices. Longer horizons allow for more aggressive growth strategies, while shorter ones necessitate more conservative approaches.
Consider investments that can outpace inflation, such as stocks and real estate, to ensure your retirement savings maintain their purchasing power over time.
Focus on investments that provide reliable income streams, such as dividend-paying stocks, bonds, or annuities, to support your expenses during retirement.
Pay attention to investment fees and expenses, as high costs can erode your returns over time. Opt for low-cost index funds or ETFs to keep more of your money working for you.
Maintain a separate emergency fund to cover unexpected expenses, so you don’t have to dip into your retirement savings, which can disrupt your investment strategy and reduce long-term growth.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
NICOLE ANASTASIA PLUMLEE' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
You don't need to find the next NVDA to succeed in investing. Just choose top-notch ETFs and partner with a financial advisor like I did. I turned $90k into $53,000 in annual dividends-a significant milestone for me today.
Impressive! I admit I'm scared about retirement as I'm approach that chapter. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.
"Kathleen Cheryl Constantz" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Do I trust government retirement plan? nope.
If it works, just think about it as bonus. live frugal, invest well.
My father told me over 40 years ago to not count on receiving any social security so I saved accordingly.
I agree with you 100%😊
We retired at 62 with 50K in the bank. 4 years later we still have that and 20K more in the bank. No investments at all and we live on 43K a year in retirement. The secret? We don't owe any money to anyone or anything. No debt will free you up beyond belief.
Smart move because if you were in the stock market in 2008 you would have taken years to recover. Even bonds took a beating when interest rose a year or so ago.
I started putting away $700 month at 30 years old. I did this religiously for 19 years, then stopped. Im currently 54 and have 550k saved. I project out that I should have at least $1.5M by the time Im 70. $2.2M if Im lucky. Thats more than enough. Moral of the story...start young, stay consistent, and make it a priority.
Well done!
Message to young people: buy a modest home. Drive older vehicles. Budget your money.
BINGO!! Also, stop using credit cards as much as possible and don’t buy anything that you cannot afford to pay cash for.
Doing fine on $4,400 per month with Soc Sec, pension, part time job, dividends and farm rental property. No debts is a big factor. Monthly dividends are also essential.
50,000 a year???? I didn't even make that in my life. I've been retired for 5years now. My house is paid off, 2 cars are paid off. With my social security, Teamsters pension, and working part time, (for fun) no credit card debt. 39,000 a year works great, Make sure you don't have any debt when you retire. Just my opinion. Thanks for posting.
Yep, the average retirement income in western Pa. where I live is well under 40K ,those stats seem somewhat skewed to higher income population zones.
Fail to prepare, prepare to fail.
If you're not first you're last.
I came into the world with nothing. I've survived this world without being rich. I am relying on the sun coming up, on the rain, snow and peace of mind to survive until my days are over. Having enough is an oxymoron. Because it will never be enough.
No retirement fund at 45 Y/0. My only passive income are rental properties, $6.5K monthly pension + healthcare after 25 years in the military; the process was sacrificial and painful; but, well worth it. A blessing in disguised; while my high school buddies refer to it as brainwashing; now, I play while they pay into the system for another 20 years.
American Dream exists; just need to put in the time in the right place; with due diligence.
Good video Sir!
All the best everyone..
Yes we are around 14% w a state or military pension! I remember in 1985 when I told everyone I would get 90% of my pay for life annually (CALPERS) after 30 years most laughed at me or didn’t believe me!
Same here with the military retirement. I retired at 39 from that gig and then went LEO. retired fully at 56 after another 17 years with a safety pension. Both have COLA and we don't even come close to tapping the 401K. I saw way back in 1984 that SS wasn't going to do it even if it was still around.
Well, I've got my $75k emergency fund sitting pretty, and now I’m supposed to figure out this whole retirement income thing? Yeah, cool. No pressure. 😅 Guess I better stop pretending like my piggy bank’s going to magically multiply and start investing. Anyone got a headstart guide to make me feel less like I'm about to set my cash on fire?
Same boat here! But listen, having cash just chilling in an emergency fund is better than most! I was in your shoes till I realized winging it wasn't gonna cut it. Honestly, getting a financial advisor saved me from a few bad decisions. Trust me, it's worth it.
Feeling you both on this. I’ve been going back and forth about getting an advisor too. It’s like, where do I even start? Everyone keeps saying get professional help, but how do you know who to trust with your money?
"Yeah, it can feel like a maze. There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with Linda Aretha Reeves for some years now, and her performance has been consistently impressive. She’s known in her field, look her up."
Looked up Linda Aretha Reeves after seeing your comment-wow, she sounds exactly like what I’ve been missing. Thanks for the recommendation!
Saw Linda Aretha Reeves speak at a finance summit on Bloomberg like 4 years ago, and she was phenomenal! Totally agree, she's the real deal.
If you still have a mortgage or cc debt over 65, you failed financially
Unless you have a low interest rate for mortgage loan.
You may be right. I have 4 rentals, 3 with no liens...I could sell one of them and pay off our 87k mortgage but have taken no action.
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
pls how can I reach this expert, I need someone to help me manage my portfolio
Melissa Elise Robinson is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
My wife & I are both 78 & retired from jobs that paid pensions! When companies reverted to
401k, 403b & IRA's in the 1980's, I knew it spelled the "beginning of the end" to defined pension
plans! These companies are responsible for the current financial crisis that senior citizens now
face! With inflation running amok, Americans simply can't save fast enough to retire comfortably!
I want to diversify my portfolio worth around $200k, i'll be buying some Tech stocks, what are some new gen stocks i can add to my portfolio to get reasonable increase and protect my future
i'd advise you redistribute assets in your portfolio with the help of a pro so you don't get burnt in the market.
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
pls how can I reach this expert, I need someone to help me manage my portfolio
Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@rogerwheelers4322SCAMMER ALERT ‼️
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024.
Wow that's huge, how do you make that
much monthly?
This is good. I'm 64yrs and have been looking for ways to be successful, please how? Love from Tacoma, Washington!!
sincerely speaking. I will continue to trade and stick to expert juliana'' daily siignals and guides as long as it works superb for me.
Woah for real? I'm super excited. juliana strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started
She's recognized as 'Mrs Juliana heidi, one of the finest portfolio managers in the field and widely recognized; you should take a look at her work.
I saw people struggling with retirement when I graduated high school in '83. I went the military route and stayed just over 20 years and retired at 39 from that gig and then went LEO. retired fully at 56 after another 17 years with a safety pension and what amounted to a pay raise at retirement. Both have COLA and are not directly affected by stock market fluctuations. We don't even come close to tapping the 401K which means we have a large chunk of money if we need it for some reason. I saw way back in 1984 that SS wasn't going to do it even if it was still around and relying on just savings or investments could be stressful. For me it was all about early planning, sticking with the plan, and now enjoying the fruits of the labor while I'm young enough to do everything I want to.
$50000 a year???? Hilarious...I'm 63 and live EASILY on 2000 a month. Been retired for 5 years. Starve the financial planners that want commissions from you as long as they can get them...
I think the ease of your retirement is partially dependent on the volume of your want-not-need purchases prior to retirement.
Most retirees I know make $1100 to $1900 a month.
Me too, this guy is wrong saying that the average income is $1,900 a month, what a croak!!
You know a bunch of broke folk.
The healthcare bit is critical. So many people I know are planning on retiring when they are Medicare eligible because of the cost of health insurance.
I'm looking at retiring early (under 60) next year. I am not making a lot of money, but enough that subsidies wouldn't really help, so CORBA/work health plan extensions are looking to be the cheapest for me... Those are looking like they are about $1k per month. $12k per year. If someone is looking at retiring 7 years before they qualify for Medicare they'd need around $84k just for health insurance. If I didn't have the extended work health plan options, then I'd be looking at more like $1300 per month thru the marketplace.
Now, it can get less expensive if you are making way less as there are the healthcare subsidies. And if you are making way more, you probably don't care. But if you are doing just OK financially, you get nailed with healthcare costs. And that type of thing can definitely affect someone's decision of when to retire...
I retired early in Sept. of 2021 from an Auto and Home Insurance Company after 22 years of service. My company had both a 401-K and a 401-K Roth. I was putting 15% and 8% into my 401-K Roth. After 5 years I took out and paid off my debt of $12,000 and put the rest in my savings. I receive SSI, Pension, and Rental income from a Condo I own. Monthly comes out to $3400 a month. But I also have not touched my 401-K for 24 years now, and lately it has been growing like crazy. Last week I made $6000.00 in one week. You have to diversify; you can't have just one stock.
Hubby started reading about self managing investments 10 years prior to retirement- he read the Financial Times commuting to/from work so in effect was studying 10 hours a week for 10 years. This has saved him 1-2% of his investments pot which is the cost of paying a fund manager… so he’s able to use 4% as drawdown as mostly the pot’s dividend income has been 6-9% so his pot has actually grown since retiring 5 years ago.
Thank you Chris for all your insight! Been following for quite some time and you have helped me a lot. Cheers from TX - Daniel
I retired. I still enjoy working. I sell ice skating dresses on Ebay, I keep the price really low. $29-$39 each. I love the sport, and help the kids to have a great dress for competition without spend a lot of money. I really enjoy doing this.
to understand the retiree financial status one must FIRST back out all those who never worked or never worked full time. Although these people are "retired", their lack of work obviously skews all data. The more you earn, the more you pay into SS and the more you would have been able to save and invest.
Personally, I don't feel sorry for those who have done nothing to plan for retirement. Stupidity should not be rewarded.
By the time i retire in 3 more years with 47 years of federal and state employment my pensions and social security will provide over $180k annually. This and my 700k paid off house should allow me a reasonably comfortable retirement.
I'm coming up on 64 and I think I will have to survive on way les than 50K per year.
Yes you will especially if you have no mortgage or big debt. I retired at the end of 2023 at 66 and have a rent payment but still well under the $ number you have quoted. Good luck to you! 💪 🙏
Retirement becomes truly rewarding when you have two key components: a solid financial foundation and a clear sense of purpose. Making wise investment decisions is crucial to achieving strong returns and enjoying a secure retirement.
Rising costs have impacted my original plan to retire at 62, work part-time, and grow my savings. I can't help but wonder if those who navigated the 2008 financial crisis had an easier time compared to the challenges I’m currently facing. Market volatility, combined with a lower income, has me concerned about having enough for a comfortable retirement.
Just retired this week, turned 57 earlier this month, I am getting a $3,500 monthly pension from my job, health care for life, and I have over 1 mil in my 401k, virtually no debt, and plan on collecting SS at 62, it wasnt easy but I see so many people just make up excuses instead of finding answers or making a plan.
Oh my…as a CNA with triplets…and husband that returned to his home country and left us to our own resources, with no insurance, pay or insurance…I should have how done better than I did…should have stopped work to advance my education? Moved from my 2 bedroom house in a lower income area? Not have helped each of my daughters to complete higher education…well my my my
In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a podcast. What's the strategy for such returns?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
Melissa Elise Robinson has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her if you want excellent collaboration.
I've stuck with the popularly ‘’Melissa Elise Robinson” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
2:48 Take a good look at these numbers. What these numbers don't convey is whether these people wanted to retire or were forced into retirement.
We'll always have a mortgage because we moved around in our careers. We battle that by setting up a retirement finance situation where the mortgage just doesn't matter.
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
As a single 65 year old, I could easily live on 2700 per month and still have enough to put in savings or invest. In my opinion, people overspend, which is their own problem. I eat well, have my car paid off and rent rather than buy. I stay healthy and am on no meds. I am NOT in a low expense area, but Spokane, WA. A lot plays into the whole thing, but I think learning to spend less and wiser is the key. I am still working and sock as much as I can in my matching 403B, Roth and other accounts. Also debt free. The least I spend, the more I invest. Just my own thing, not saying it is right for everyone!
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
Mind if I ask you to recommend this particular coach you using their service?
My CFA ’Rachel Sarah Parrish’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
I remember having a consultation with a financial analyst last may and it was incredibly insightful. I can't stress enough how helpful this experts are in this field. Kudos, you know your stuff. Also thanks to Larysa Caba for doing the most for me.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
Please can someone give me ex tra De tails?
My wife and I are living off SS and small pension (total 1725 a month), and doing well, partial disabilities are keeping us from returning to work. She is in her mid 40s and has a rare progressive neurological disorder with no cure or treatment that is already rated as severe, and yet they say she's not eligible for disability. We live in a state that cuts of most assistance to individuals under retirement age that aren't receiving disability. My wife worked full time till she was 41, she's not a lay about.. But we have learned to live quite well on what we get.
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. Living within your means and living a frugal lifestyle is the first step to financial independence. I just hit the one million mark last year, cheers to everyone striving to get there someday. Thanks to Katherine Stewart for improving my portfolio.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
Katherine Stewart strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
I have a pension, TSP and some VA benefits… wife and I are doing ok. I retired 18 months ago and am not yet 60… not rich but comfortable and not really pinching pennies.. enjoying life
I worked at Walmart for 15 years and was able to save a gigantic nest egg with meager wages. It took living below my means for years. Dollar cost average purchasing index funds. Brought my lunch and breakfast to work and drove the same plain vehicle. Resist the power and influence of consumerism. Pay your future self first.
A big chunk of my retirement is SS. But for years it was drilled into my head that I was paying for my SS out of every check, so use it. Retired at 60.
I getting very tired of hearing individuals bashing the American Dream. Everyone can achieve the American Dream and it takes dedication, focus, financial discipline, adaptability, ability to strengthen one's skills and talents, make logical decisions and choices and no matter what happens never give up after failure! Nothing is perfect and doing nothing or standing still instead of slowly progressing forward is the issues in life. Life has multiple trials and tribulations that everyone goes through and yes they are harder then most that goes through them but as time goes on through the journey of life it gets easier! Nothing is impossible in life but it takes sacrifice of time and patience to hold off on the wants for a later date. Everyone has a different path and everyone has different solutions and thoughts that solving the same problem that they all faced. The solutions are choices and commitment to overcome any situation that is facing at any point in life! My point is the American dream is not dead or unachievable unless the dreamers allow it to be!
Preach!
You say that... But then you don't address the fact that obtaining the American Dream has become substantially more difficult than obtaining it even just two generations ago.
Medical costs are hard to overcome. Our healthcare system is horrific. Ridiculous costs for insurance. Ridiculous costs even with insurance. Our money needs to support our people, not wars.
@@JohnHandle- i am a young gen x and survived a Rayville Louisiana home invasion in aug 9, 2018 and only income is social security disability and i have no eyesight and a dramatic brain injury from that attack. Ny family gets no government assistance and yet we maintain our mortgage payments, utilities, food, liability vehicle insurance and do this without use of credit cards! We do not go on vacations, go out to at, or any social events we have a 9 year son so if we can survive without complaining, make excuses, justify, and etc for over 6 years then no one should be facing hardships if financially responsible and disciplined with a budget each month and sacrifice their wants!
@@Kayla11113 yes believe me we know after Rayville Louisiana home invasion in aug 9, 2018 we been without health insurance and no government assistance do to income requirements and only income is social security disability i am totally blind and a dromatic brain injury. We do without vacations, going out to eat and other social gatherings! We only have a VA mortgage, liability vehicle insurance, utilities, food, and ongoing medical billss but we are maintaining without use of debt like credit cards and etc! It is ungodly what medical cost and we pay what we van afford each month after we cover our needs !
Why is the depiction of retired people always some bent over 85 year old with a cane? I found that kind of humorous but also kind of annoying.
The number of SPAM posts in this channel are ridiculous. Too bad because I like the channel.
I could have retired at 53 but decided to work part time as I'm way to young to be retired. What made me decide that I'm way to young to fully retire was I knew of a guy who sold his company to a mega corporation for ten million dollars at the age of 25. Before he was 35 he self ended his self because he saw that he had no purpose in life. I have no goals in retirment so I keep working until something else comes along for me to occupy my time.
I bought a fixed indexed annuity with a guaranteed lifetime income rider I put $107,000 in and I am 64 years old but I'm not going to touch it until I'm 70 and then the income I will get will be equivalent to if I was withdrawing 4% a year out of 300,000 and this is guaranteed for the rest of my life and what I die my wife gets it for the rest of her life. This is a portion of my portfolio and when you put money in a annuity the company requires you have enough investments on the side to make sure you don't withdraw money too early
This is critical - young folks must try to invest in good index funds put it on automatic. Never look at it. Ignore market noise. I watched cnbc and Jim Cramer and fast money for years. All they do is encourage trading. That is the wrong thing you can do. Just live life don’t waste time trying to beat the market when very few professionals can. Otherwise you end up regretting it decades later. Nothing is worse than regret
4:00 time mark: Difference between age 65 income vs. age 65 expenditures. THE REASON IS THAT THERE IS A DIFFERENCE BETWEEN WHO IS BEING COMPARED HERE. Median age 65 income is the middle-of-the pack income. Average age 65 spending is the average amount spent by the entire group ... and this factor is decidedly shifted because of a small percentage of high wage earners/high spenders.
You are comparing apples with oranges.
I’m 77 invested in dividend paying stocks I have a pension, annuity, rent, bank interest,and social security My income covers all expenses I still work part time so I can still save and invest it’s a difficult decision to retire
Retirement isn’t an end goal, but a journey best secured by careful and consistent investments.
We battle inflation by having permanent income that has a COLA. While those COLAs don't always keep up with inflation, they help. And that permanent income lets us be more aggressive with our IRA, knowing we don't need to rely on that income. I'm collecting my two federal pensions now, but we're holding off on Social Security for awhile.
My wife and I are calculating on having $100k per year for retirement. Between my Military retirement, pension from my current job and our 401k, IRAs and SS. The key IS NOT OWING anyone anything. We used all extra money to pay off our house. We don't carry debt and own our cars.
People paid into it for many years so they deserve it. You act like they shouldn't rely on something they were forced to pay into.
The average retirement income is a totally useless number! That you would lead with it, makes me believe anything that comes after it is equally useless information!
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
“Stacy Lynn Staples’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
How is 12% and 15% relying on ss considered many retirees? That means 88% and 85% don’t.
My cash flow income is much less than your average yet I have extra Money at the end of the month. My savings in retirement are growing. What am I doing wrong?
New subscriber and I am sharing my story. My age is 55 and I have zero debt, 110k in the bank, 35k NVDA shares, 401k $270k, IRA 145K and 2 houses in Bay Area with zero mortgages. Just got a Mercedes SUV as my 3rd car. I started saving after marriage only after marriage but will all this be enough to retire?
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I definitely share your sentiment about these firms. Finding financial advisors like Monica Lisa Payne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
thanksFor clearing that up, I curiously searched for Monica Lisa Payne on the internet and thankfully, I came across her my goal is to retire in 5years time.
The writing hand thing is annoying and distracting.
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward time I'm 57 now not laid off
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
Experts like GREGORY LEO CATTEL provide extensive knowledge and experience, helping clients craft tailored financial strategies to achieve their goals. Recognising the importance of expert guidance is crucial for effective management and risk mitigation.
With all these details, are we going to believe you need 2.2 million to "retire" in the US at age 65?
Not factoring any paid off debt and investments. These data points doesn't reflect people who manage their money well and retire with 0 debt.
If you have a mortgage there is absolutely no way you can retire unless you have some kind of retirement income like a rental property.
You compared average spending to median income
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, a lot won’t have a house to retire with either.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
It must be nice to even be able to turn to someone else....family, friends acquaintances for some form of assistance. The thought let along ability has never entered my mind. Interesting but very foreign concept to me.
God bless those that could but fortunately I have no need to.