This Is The Average Retirement Income (Unexpected)
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- Опубліковано 26 вер 2024
- Are you counting on $50,000 a year to cover your retirement expenses? You might be surprised by how quickly that money can disappear. In this video, we dive into the reality of retirement income in the U.S., uncovering the financial challenges that many retirees face. From heavy reliance on Social Security to the rising costs of healthcare and the impact of inflation, we’ll explore why the average retiree's income may not stretch as far as you think. Whether you’re already retired or planning for your future, it's crucial to understand the true cost of living comfortably in retirement.
We'll discuss:
- The average retirement income and its sources
- The role of Social Security in retirees' finances
- How rising expenses and inflation affect retirement
- The impact of debt and regional cost-of-living differences
- Tips for better financial planning to secure your retirement
Don't forget to like, subscribe, and hit the notification bell to stay updated with more insightful videos on managing your finances and preparing for retirement. Share your thoughts in the comments-what's your biggest concern about retirement income?
Tags:
#RetirementIncome
#RetirementPlanning
#SocialSecurity
#FinancialFreedom
#RetirementExpenses
#InflationImpact
#FinancialPlanning
#RetirementReality
#MoneyManagement
#LivingOnFixedIncome
#RetirementSavings
#CostOfLiving
#DebtInRetirement
#PersonalFinance
#WealthManagement
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
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.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
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 ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Catherine Gauthier.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Catherine Gauthier too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
I don't need anywhere close to 50,000 a year. Of course I don't buy new cars, travel, (I hate traveling), don't support a woman, or pay for kids college. I also don't waste money on boats and campers. The key is to cut expense. Most people just don't want to do that.
The background music makes this unlistenable
Sometimes, you do not have a choice, and your employer may "retire" you.
I wouldn’t even consider retiring until I was totally out of debt. Cars, house, everything. You need to plan on having $1,000 more per month than you think you will need, lots of extra costs come along .
After losing my job unexpectedly at the age of 39, having $425,000 saved for retirement, $10,000 in an HSA, and having a house that could be worth an additional $200,000, I'm searching for ways to make extra money. What are some of the promising alternatives?
It makes sense to consider hiring a financial advisor at this point, but delaying retirement for a bit might be a more prudent choice
I’m confused about whether to combine all my investment accounts into one. If I decide to do this, how should I go about it, and will there be any consequences I should be aware of? I also intend to sell my property, which could add an extra 200K overtime. Should I consolidate everything into one investment account, or diversify across several sectors?
These are important questions for a financial planner. I met mine at a NYSE event, and she helped my wife and i rebalance our 1.7 million portfolio between a traditional IRA and a brokerage account. She has been trading with our permission and has managed to recoup our financial losses thrice over again. We keep and manage the market cautiously.
That is impressive! my portfolio has remained stagnate. Who is guiding you please?
June Renae Matthysse. She is well known, so you can look her up online
$50,000 is average or median
Said average.
Those are the same thing.
only？
Income is a bit meaningless without considering unavoidable outgoings; if you have to pay rent or a mortgage then you will need a higher income for the same standard of living than a neighbour who doesn't.
Uh . . . . Where are you getting your statistics and numbers from?
It looks pretty sketch to me.
Won't help either for future retirees that social security ponzi scheme with people living longer and there being not enough work force to sustain the longer life expectations unless they garnish what SSA pays, increase the social security tax on existing workers and/or raise retirement age to something closer to 70.
If u get married they cut your ss and ssi here and section 8
Ok I'm at 2 min u keep saying rely? The government has been pounding in our heads you PAY IN THE SYSTEM and we give you a little back! So ya we depend on it! Now I'll finish vid
Average taxpayer $50k per year? No way.
There are a lot of homeless retirees in that total.
I'm in NY state it's high here everything rent light gas food $30.00 for 2 tbone steaks