From $7k to $45k that's the minimum range of profit return every week I think it's not a bad one for me , now i have enough to pay bills and take care of my family.
I think a big reason people are afraid to retire is the fear of running out of money. It’s hard to know if your savings will last, especially with health care costs rising
That’s true. A lot of people also fear losing their social connections once they stop working. It’s not just about the job, but the friendships and daily interactions you have at work
That fear kept me up at night when I first retired. You hear all these stories about people running out, and it’s hard not to worry. But then I realized, it’s less about running out of money and more about how you manage what you have
You’re right. A lot of people actually stress themselves out by taking unnecessary risks, like investing without really understanding their options. I’ve heard of people losing thousands because they didn’t have a plan in place.
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £160k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@@Bellaelena549 I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Annette Marie Holt 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.
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 expert. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial expert had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
*Izella Annette Anderson* 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.
I also believe your theory that the financial industry has a vested interest in their clients' portfolios continuously growing and the sell the fear of your principal decreasing as a way to bolster their profits. Sure, it's a slippery slope when your portfolio starts going down, but you can't live in fear that your principal is going down because it's not meant to last forever. As the old saying goes, I came in with nothing, I'll be leaving with nothing. Sure, I'd like to provide for my family when I'm gone, but I'd much rather provide for them while I'm still around to enjoy seeing them receive it.
I retired early and in the last six years have fired four "fiduciaries" and basically have given up on paying them the 1% of AUM because they basically don't do much except put the assets on autopilot. And don't even get me started on those who have insisted on selling me annuities (not that there's anything wrong with annuities per se BTW). So instead, I'm doing it myself and saving a considerable sum yearly. The key is education, and out of sheer frustration I have had to educate myself. So far so good. My returns have been better than anything these bozos were providing.
While I am not retired yet, I absolutely agree with you. With index funds, target date funds, and balanced funds, it is relatively easy and cheap to manage your own retirement account. Why pay a 1% AUM fee (with fund expenses on top of that) when you can get a balanced fund for 0.12% expense fee or less?
I think you nailed it as a lack of prioritizing. There are tons of articles, resources, videos, and successful investors & retitees someone can educate themselves. However, people are lazy, and easily distracted... so there is no one to blame but the person in a mirror.
Most of the "PANIC!" headlines are intended to get more people to invest more money. Most financial advisors don't want their customers to spend (much of their) money, because that results in fewer assets under management...and AUM is how those advisors get rich off of your savings.
Very well presented. Broadly, Americans don't think about Life Broadly. Thus, having a financial vision of how to accomplish life's journey trends elusive. Thanks!
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I’m considering investing in stocks, but I’m not familiar with effective market strategies.
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.
Did I miss something? The video never answered the title: Why won't I run out of money in retirement? He talked about automating savings. That has nothing to do about draw-down of assets. He also talked about financial education. Is that going to guarantee I don't run out of money?
In my opinion the only way your retirement funds will not finish or the only way it will last you to the duration you want it to is if you have planned it well, I'm talking investment
I don’t think it really matters if the “financial powers that be” or “the headlines” don’t really want you to spend your wealth. There’s this thing called required minimum distribution, that’s going to cause you to spend it whether you like it or not!
I agree that people who don't bother to become financially literate are in trouble when going into retirement. You NEED to be able to budget and comprehend the basics of personal finances including basic investments, the effect of debt, compound interest for and against you, understanding your expenses, living on less than you make, etc. But the title of this video is nonsense and had nothing really to do with the content of the video other than saying the article titles are a lie. You didn't explain anything about why people won't run out of money in retirement. And those who ARE financially literate won't ever fall for the article titles in the first place.
So the headline is about people who don't save enough for retirement or who mismanage their retirement funds. It does not address people with adequate savings who spend a reasonable amount every month. I'm with Bill Perkins "Die With Zero" in that I believe the risk that I will spend to little on a retirement is the highest probability. I'm not retiring until 68 at the earliest and I'm not likely to live beyond 85. Not the 30 years the calculators are looking at.
Fear based headlines are needed to those who don’t save for their retirement. So you are wrong. Education about retirement is so much and it takes years to understand the overwhelming data that companies produce to confuse common man. 😅
I don't understand your title, "It's a Lie: Why You Won't Run Out of Money In Retirement." I don't understand what lie you are talking about? Is the lie you're alluding to about mistitled videos? If so, then add this video to your list. And why WON'T you run out of money in retirement? (Seems to me, in your rudderless ship, that you WILL run out of money.)
Its annoying to hear you say that people are infatilzed by having automated 401k options through work. The average person didnt study financial planning or get a degree in it so sure, we could pay a % of our investments on someone to help but even that is out of reach for the majority of workers. So, having an automated system through a job is going to be a life saver for many who are about to lose SS as part of their retirement plan if the GOP get their way. Not everyone has the luxury of time to self educate on this complex subject or want to take the risk with their future $.
The GOP will not cause anyone to lose their Social Security. That's a lie spread by dishonest politicians and the people who believe them. Does S.S. need to be fixed? Yes, but no one is taking away Social Security. They will wait till the last minute for sure, but 73 million Americans are not going to be thrust into abject poverty. I do agree with the automated 401K option, though. People should be set up for more opportunities to save.
From $7k to $45k that's the minimum range of profit return every week I think it's not a bad one for me , now i have enough to pay bills and take care of my family.
Could you please explain how beginners like me can start making this much.
Last week I tried trading on my own and ended up losing $4k
I have Evelyn Infurna to Thank
she is a licensed broker here in the state.
Use her name to quickly conduct an internet search.
I think a big reason people are afraid to retire is the fear of running out of money. It’s hard to know if your savings will last, especially with health care costs rising
Definitely. And I feel like work gives us a sense of purpose. Without it, I’m not sure how I’d fill my time or if I’d even feel useful anymore
That’s true. A lot of people also fear losing their social connections once they stop working. It’s not just about the job, but the friendships and daily interactions you have at work
That fear kept me up at night when I first retired. You hear all these stories about people running out, and it’s hard not to worry. But then I realized, it’s less about running out of money and more about how you manage what you have
You’re right. A lot of people actually stress themselves out by taking unnecessary risks, like investing without really understanding their options. I’ve heard of people losing thousands because they didn’t have a plan in place.
Yeah, if you are paying attention, and can be flexible about your spending, the odds of success are basically 100%
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £160k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@@Bellaelena549 I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.
Annette Marie Holt 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.
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 expert. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial expert had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
@@ThomasChai05Your 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.
*Izella Annette Anderson* 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.
I also believe your theory that the financial industry has a vested interest in their clients' portfolios continuously growing and the sell the fear of your principal decreasing as a way to bolster their profits. Sure, it's a slippery slope when your portfolio starts going down, but you can't live in fear that your principal is going down because it's not meant to last forever. As the old saying goes, I came in with nothing, I'll be leaving with nothing. Sure, I'd like to provide for my family when I'm gone, but I'd much rather provide for them while I'm still around to enjoy seeing them receive it.
Underrated comment. I gave you a thumbs up, but I’d give you 100 thumbs up if I could.
I retired early and in the last six years have fired four "fiduciaries" and basically have given up on paying them the 1% of AUM because they basically don't do much except put the assets on autopilot. And don't even get me started on those who have insisted on selling me annuities (not that there's anything wrong with annuities per se BTW). So instead, I'm doing it myself and saving a considerable sum yearly. The key is education, and out of sheer frustration I have had to educate myself. So far so good. My returns have been better than anything these bozos were providing.
While I am not retired yet, I absolutely agree with you. With index funds, target date funds, and balanced funds, it is relatively easy and cheap to manage your own retirement account. Why pay a 1% AUM fee (with fund expenses on top of that) when you can get a balanced fund for 0.12% expense fee or less?
I think you nailed it as a lack of prioritizing. There are tons of articles, resources, videos, and successful investors & retitees someone can educate themselves. However, people are lazy, and easily distracted... so there is no one to blame but the person in a mirror.
Most of the "PANIC!" headlines are intended to get more people to invest more money. Most financial advisors don't want their customers to spend (much of their) money, because that results in fewer assets under management...and AUM is how those advisors get rich off of your savings.
Very well presented. Broadly, Americans don't think about Life Broadly. Thus, having a financial vision of how to accomplish life's journey trends elusive. Thanks!
It is a good, fair video. Refreshing way of thinking. Give it some thought, the argument has legs.
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I’m considering investing in stocks, but I’m not familiar with effective market strategies.
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.
Did I miss something? The video never answered the title: Why won't I run out of money in retirement? He talked about automating savings. That has nothing to do about draw-down of assets. He also talked about financial education. Is that going to guarantee I don't run out of money?
In my opinion the only way your retirement funds will not finish or the only way it will last you to the duration you want it to is if you have planned it well, I'm talking investment
I don’t think it really matters if the “financial powers that be” or “the headlines” don’t really want you to spend your wealth. There’s this thing called required minimum distribution, that’s going to cause you to spend it whether you like it or not!
Running out of time is the reality that is the truth 🙈
I agree that people who don't bother to become financially literate are in trouble when going into retirement. You NEED to be able to budget and comprehend the basics of personal finances including basic investments, the effect of debt, compound interest for and against you, understanding your expenses, living on less than you make, etc.
But the title of this video is nonsense and had nothing really to do with the content of the video other than saying the article titles are a lie. You didn't explain anything about why people won't run out of money in retirement. And those who ARE financially literate won't ever fall for the article titles in the first place.
So the headline is about people who don't save enough for retirement or who mismanage their retirement funds. It does not address people with adequate savings who spend a reasonable amount every month. I'm with Bill Perkins "Die With Zero" in that I believe the risk that I will spend to little on a retirement is the highest probability. I'm not retiring until 68 at the earliest and I'm not likely to live beyond 85. Not the 30 years the calculators are looking at.
Fear based headlines are needed to those who don’t save for their retirement. So you are wrong. Education about retirement is so much and it takes years to understand the overwhelming data that companies produce to confuse common man. 😅
I don't understand your title, "It's a Lie: Why You Won't Run Out of Money In Retirement." I don't understand what lie you are talking about? Is the lie you're alluding to about mistitled videos? If so, then add this video to your list.
And why WON'T you run out of money in retirement? (Seems to me, in your rudderless ship, that you WILL run out of money.)
Its annoying to hear you say that people are infatilzed by having automated 401k options through work. The average person didnt study financial planning or get a degree in it so sure, we could pay a % of our investments on someone to help but even that is out of reach for the majority of workers. So, having an automated system through a job is going to be a life saver for many who are about to lose SS as part of their retirement plan if the GOP get their way.
Not everyone has the luxury of time to self educate on this complex subject or want to take the risk with their future $.
🧌
The GOP will not cause anyone to lose their Social Security. That's a lie spread by dishonest politicians and the people who believe them. Does S.S. need to be fixed? Yes, but no one is taking away Social Security. They will wait till the last minute for sure, but 73 million Americans are not going to be thrust into abject poverty. I do agree with the automated 401K option, though. People should be set up for more opportunities to save.
Agree that on the beginning of your comment. But you should do more research on the last part. The GOP has no plan to reduce or eliminate SS