Hi Katherine, could you please explain how annuities work in a little more detail, you glossed over it pretty quickly in this video. Maybe what percentage of capital should be allocated and pros and cons. Thanks
I have already done couple of videos explaining annuities, so have a look at those: ua-cam.com/video/5DXQp8J4MMw/v-deo.html ; ua-cam.com/video/dqbd_YqpBEw/v-deo.html
This is mainly to make you figure out if you are able to calculate if your money will really last as long as your life expectancy or longer, and to show that there is no need to great investment risk to achieve savings longevity, as long as retirement income streams are set up correctly
@@caragilkison6599For a modest lifestyle, a single person would require $30,063 and for a comfortable lifestyle you would need $47,383. Watch my video: ua-cam.com/video/EF7rF8i2aSU/v-deo.html. Amounts have changed, so what I've written now are updated figures, but the video would provide you with more information on this subject.
meaning, that you live longer then your money. It would be very hard to live that long with no money left in your savings. So if it is a possibility to live those 6 years longer, just make sure that so will your money. This is what I was trying to put across as a main point.
Hi Katherine, could you please explain how annuities work in a little more detail, you glossed over it pretty quickly in this video. Maybe what percentage of capital should be allocated and pros and cons. Thanks
yes I always thought returns were poor so im suprised it outgrows leaving it in super
I have already done couple of videos explaining annuities, so have a look at those: ua-cam.com/video/5DXQp8J4MMw/v-deo.html ; ua-cam.com/video/dqbd_YqpBEw/v-deo.html
I didn’t quite understand this one. I wasn’t clear about what to do.
This is mainly to make you figure out if you are able to calculate if your money will really last as long as your life expectancy or longer, and to show that there is no need to great investment risk to achieve savings longevity, as long as retirement income streams are set up correctly
@@AboutRetirementTV Thankyou. You said a couple need $45,000 a year. How much does a single person need please?
@@caragilkison6599For a modest lifestyle, a single person would require $30,063 and for a comfortable lifestyle you would need $47,383. Watch my video: ua-cam.com/video/EF7rF8i2aSU/v-deo.html. Amounts have changed, so what I've written now are updated figures, but the video would provide you with more information on this subject.
Do you know how long will your money and your income last for you in your retirement?
My biggest problem is I'm sending money to the kids.
My back is bad , can't keep going.
But have too.
Did I misunderstand “unlucky enough to live 6 years longer than expected”?
meaning, that you live longer then your money. It would be very hard to live that long with no money left in your savings. So if it is a possibility to live those 6 years longer, just make sure that so will your money. This is what I was trying to put across as a main point.
you really dont want to be an outlier !