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 s 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.
I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement
Now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
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
My CFA Annette Christine Conte 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
Been retired, 6 years in portugal. Living quite well on $500k investments and my wife's social security. I am waiting until 67 to claim social security. We are debt free, enjoying a very good lifestyle and travel. Our move helped our medical expenses as my wife is a 2x cancer survivor.
I just turned 56 and awfully late to investing with barely any portfolio except my 401k. I have a decent amount of cash saved up and with inflation currently soaring. I’m getting worried about retirement. How do I best optimize my savings of over $ 200k?
Retirement is now more difficult than it was in the past, it’s all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.
Is it though? I honestly think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk especially if you’re planning for retirement. Their expertise can really help you make informed decisions.
Agreed.!! I’ve been working with a financial advisor since 2022 and I return over 20 grand USD every month, and I don’t even have to lift a finger. Although, I also think the reason I make this much is because I started with a significant capital.
Thanks for sharing your experience, I’ve been managing my portfolio myself with retirement coming up in a few years but it’s not working out. Could you recommend your financial advisor?
I'm 60. Wife is too. 8X salary? Got that. Additionally, real estate equity....$500k, SS at 62 for us will be $48k per year. We're good to go but pulling the plug on a job I really like will be tough. Trying out part time by using up some vacation through end of the year. Liking it! That might work through next year as a permanent schedule change and I'll call it quits around the holidays 2025. That's the plan, until the plan changes, and plans ALWAYS change!
Everyone’s situation is a little different. I’m single, 62 and hope to retire at 65, with two gov pensions, social security and $1 mil saved. What scares me is the thought of just stopping working, and then spending.
Based in the data it looks like you need about $1 million or more to retire comfortably in many places in the US... assuming you have no other source of income. I'd say $1.25 million is a good goal to account for fluctuations. Of course, some will need more and some will need less. If you have other sources of income you can reduce the amount you have invested yourself. What you'll find is that a lot of times people will have other sources of income, have a spouse, and/or can rely on family members for assistance.
Data is usually collected for household. When single assume about 70-80% of the household cost, or use your actual cost. Also account for healthcare cost. Some assumptions will include having a paid off house, so your housing cost should be lower.
If you cannot live somewhat comfortably, if not luxuriously on 46K, the avg social security income for a couple, particularly if your mortgage is paid off (you paid it off prior to retiring, right?), then you must have had a pre-retirement income that should have generated a solid retirement fund… so it appears you’ve been living a lifestyle beyond your means all along. Or perhaps you need to move to a location with a more rational cost of living.
I will hit 65 with $450k to $500k saved and my Social Security will cover 99% of my expenses, will need to just take $250 a month to supplement, also have no debt. I hope I'm all set, I think so, still get nervous though
Sorry, Net Worth Retirement Savings Retirement Cash Flow (Income) (I think this is the most important!) If like you say, we want to Begin with the end in mind! If you know make $100,000 and like you say we only need 80% of that we need $80,000! Using a reverse of the 4% Rule, $80,000/.04=$2,000,000! But, don’t assume a lot of debt (House Debt) especially before Retirement! If you have all ROTH savings I think you have saved way more than enough!
So if we have more than a million, should we watch the video. I believe the surveys about as much as polling data. I know people that I assume have less then a million but I know multiple with more so not sure about the survey. How do they know they are getting a good sample? Sometime the surveys don't even ask good questions. Saving 20% is very good but even 10-15% if started young enough and invested consistantly without withdrawing the funds is reasonable.
Note: if you have 1M or better in your retirement account, you are in top 3%. However, if the question is net worth, you are probably lower than that. I think 2.5M is about top 13%
I'm fortunate enough to be on the plus side of having a million in investments to retire on. But that doesn't mean I'm not on board for living comfortably on less money. I've got some big projects I'd like to do in retirement and they'll be a lot easier to do if I'm not frittering away my money on the day to day expenses.
So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
I agree. Based on personal experience working with a financial advisor, I currently have $2 million in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
I work with Stacy Lynn Staples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
I have 7 different income sources including my SS. All those add up to around $160k a year. Just retired at 67 last month. If I cant make it on that I guess I can reverse mortgage the Million dollar home I own free and clear.
@@TheFirstRealChewyI mean I would stop working today if I hit the mega millions top prize so I don't particularly care about cash flow. Give me a big enough bank and I'll be fine.
If you’re relying solely on the investment firm (Fidelity, Vanguard, etc…) - the same firm that directly benefits from you having more money with them - for savings amount advice, sympathies.
Great video. As a long term holder and trader we don't care much about current price. As a trader looking to buy when oversold and sell when overbought, the weekly and 2 week charts are showing us we're oversold and it's a great time to buy more. Price on 2 wk bouncing off a rising 20 MA. Price on weekly chart is bouncing off a rising 40 Ma. The stochastic RSI on both charts is way oversold. Translation, great time to buy. Thx again for the different ways/ perspectives/ lenses to look at BTC's potential. BTC is the ultimate disruptor...I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 13.1Bitcoin..../'m especially grateful to Alfred Thomas whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Zul, keep this in mind that $1 million won't be the same purchasing power of $1 million in the future due to inflation and currency debasement. Also, I suspect that people will underestimate their costs and overestimate their savings as a general rule of thumb, thoughts?
You had me feeling really good until you talked about Fidelity and having 8X earnings at 60yrs old. I wish you'd talk or do a video comoaring the actual savings from the beginning of the video to the Fidelity amounts as they are at odds with each other. My 8x is $1.2M but as you said many have $500-900K or less. You made me feel good and then ripped my heart out 😢😂😉😘👍
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
As a retired accountant most who say $1m is very little are categorically incorrect. Personal finance is just … personal. Over half my clients had a liquid wealth of around $1m and more than 60% retired at that mark. Over half had small pensions and/or brokerage accounts and their homes were paid off and most were collecting social security. One can live a comfortable life with $1m saved. It’s usually those who don’t have it that make such uninformed utterances.
Most retirees don't have this so called "very little" million dollars for retirement yet are able to retire comfortably. How is that possible oh retirement expert?
@@Retired_Life_1100% this. I've ran across a lot of people claiming a million is little and when I ask most who say that don't even have $1 million saved.
You must live in rarified demographics. The survey statistics show your generalization to others, of your personal situation is just plain incorrect. The US census says the median US household income for 2023 was $80K. Using the pretty typical (and conservative for many) post retirement 80% of pre-retirement income estimate would be $64K. Median. So half of Americans would be below that. The average SS household income is $46K, leaving a potential gap of $18K. $18K divided by the 4% rule = $450K in retirement savings… for the median household.
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.
At a point like this, when the pressure is already on you to retire, it’s best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
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 $30k passively 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.
Stacy Lynn Staples is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.
Francine goes deeper than just looking at surface-level trends.. she explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
If you are bringing back those stupid fast closed captioning text and flashing images... I'm going to unsubscribe. Its very annoying and distracts from the message.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
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 s 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 Terri Swayne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start the year on a woodnote financially..
I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement
Now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
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
My CFA Annette Christine Conte 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
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Been retired, 6 years in portugal. Living quite well on $500k investments and my wife's social security. I am waiting until 67 to claim social security. We are debt free, enjoying a very good lifestyle and travel. Our move helped our medical expenses as my wife is a 2x cancer survivor.
I just turned 56 and awfully late to investing with barely any portfolio except my 401k. I have a decent amount of cash saved up and with inflation currently soaring. I’m getting worried about retirement. How do I best optimize my savings of over $ 200k?
Retirement is now more difficult than it was in the past, it’s all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.
Is it though? I honestly think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk especially if you’re planning for retirement. Their expertise can really help you make informed decisions.
Agreed.!! I’ve been working with a financial advisor since 2022 and I return over 20 grand USD every month, and I don’t even have to lift a finger. Although, I also think the reason I make this much is because I started with a significant capital.
Thanks for sharing your experience, I’ve been managing my portfolio myself with retirement coming up in a few years but it’s not working out. Could you recommend your financial advisor?
*Joseph Nick Cahill* is his name. He is regarded as a genius in his area. He is quite known in his field, look - him up.
Fantastic content, keep up the good work
I'm 60. Wife is too. 8X salary? Got that. Additionally, real estate equity....$500k, SS at 62 for us will be $48k per year. We're good to go but pulling the plug on a job I really like will be tough. Trying out part time by using up some vacation through end of the year. Liking it! That might work through next year as a permanent schedule change and I'll call it quits around the holidays 2025. That's the plan, until the plan changes, and plans ALWAYS change!
Everyone’s situation is a little different. I’m single, 62 and hope to retire at 65, with two gov pensions, social security and $1 mil saved. What scares me is the thought of just stopping working, and then spending.
Whsn you only have 1 social security check you need more. Makes a big difference.
I've been looking for a cricket in my living room for the past 14 minutes 😅.
Haha.
Love this comment😂
I’ve been blessed just hoping g my health holds up
Based in the data it looks like you need about $1 million or more to retire comfortably in many places in the US... assuming you have no other source of income. I'd say $1.25 million is a good goal to account for fluctuations. Of course, some will need more and some will need less.
If you have other sources of income you can reduce the amount you have invested yourself. What you'll find is that a lot of times people will have other sources of income, have a spouse, and/or can rely on family members for assistance.
I appreciate your videos. Can you do some on single people. It brings a host of issues!
Data is usually collected for household. When single assume about 70-80% of the household cost, or use your actual cost.
Also account for healthcare cost.
Some assumptions will include having a paid off house, so your housing cost should be lower.
If you cannot live somewhat comfortably, if not luxuriously on 46K, the avg social security income for a couple, particularly if your mortgage is paid off (you paid it off prior to retiring, right?), then you must have had a pre-retirement income that should have generated a solid retirement fund… so it appears you’ve been living a lifestyle beyond your means all along.
Or perhaps you need to move to a location with a more rational cost of living.
What are your thoughts on the future 9f Social Security now that the next administration has been confirmed?
I will hit 65 with $450k to $500k saved and my Social Security will cover 99% of my expenses, will need to just take $250 a month to supplement, also have no debt. I hope I'm all set, I think so, still get nervous though
It’s really:
Net Worth:
Retirement
Retirement Cash Flow. (Things like Rental Houses!)
Sorry,
Net Worth
Retirement Savings
Retirement Cash Flow (Income) (I think this is the most important!)
If like you say, we want to Begin with the end in mind!
If you know make $100,000 and like you say we only need 80% of that we need $80,000!
Using a reverse of the 4% Rule, $80,000/.04=$2,000,000!
But, don’t assume a lot of debt (House Debt) especially before Retirement!
If you have all ROTH savings I think you have saved way more than enough!
So if we have more than a million, should we watch the video. I believe the surveys about as much as polling data. I know people that I assume have less then a million but I know multiple with more so not sure about the survey. How do they know they are getting a good sample? Sometime the surveys don't even ask good questions. Saving 20% is very good but even 10-15% if started young enough and invested consistantly without withdrawing the funds is reasonable.
Note: if you have 1M or better in your retirement account, you are in top 3%. However, if the question is net worth, you are probably lower than that. I think 2.5M is about top 13%
I’m figuring that I’ll need more than $2m to retire. But I’m also not planning to work until I’m 72 either.
At 67 , divide your retirement account by 10. The answer is your new annual salary
Oops, my bad. I mean you can live as a retired person who once made X divided by 10. ( you will only need 80% of X
I'm fortunate enough to be on the plus side of having a million in investments to retire on. But that doesn't mean I'm not on board for living comfortably on less money. I've got some big projects I'd like to do in retirement and they'll be a lot easier to do if I'm not frittering away my money on the day to day expenses.
So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
I agree. Based on personal experience working with a financial advisor, I currently have $2 million in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
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.
I work with Stacy Lynn Staples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Is this retirement accounts or total investments???
I assume total. Since it’s all for retirement once you’re retired.
love all the spammers and humble-braggers in the comments today, Azul. 😂
aga🤣
I have 7 different income sources including my SS. All those add up to around $160k a year. Just retired at 67 last month. If I cant make it on that I guess I can reverse mortgage the Million dollar home I own free and clear.
Cash flow is more important than total savings
Indeed. Afterall, most people work everyday for the cash flow.
@@TheFirstRealChewyI mean I would stop working today if I hit the mega millions top prize so I don't particularly care about cash flow. Give me a big enough bank and I'll be fine.
I'm $50K short of $1,000,000.
So close to this milestone, congrats.
Sorry to hear. Keep saving! Chin up.
You’ll be over in no time.
Sell a kidney. it's worth it to be a millionaire.
Age?
Still a million bux short of bein a millionaire. Gus Griffith
If you’re relying solely on the investment firm (Fidelity, Vanguard, etc…) - the same firm that directly benefits from you having more money with them - for savings amount advice, sympathies.
All well and good, but I was born in 1973. It is projected that when I turn 62, Social Security will be insolvent...
Great video. As a long term holder and trader we don't care much about current price. As a trader looking to buy when oversold and sell when overbought, the weekly and 2 week charts are showing us we're oversold and it's a great time to buy more. Price on 2 wk bouncing off a rising 20 MA. Price on weekly chart is bouncing off a rising 40 Ma. The stochastic RSI on both charts is way oversold.
Translation, great time to buy. Thx again for the different ways/ perspectives/ lenses to look at BTC's potential. BTC is the ultimate disruptor...I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 13.1Bitcoin..../'m especially grateful to Alfred Thomas whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
He mostly interacts on Telegrams, using the user-name,
Alfietao
Zul, keep this in mind that $1 million won't be the same purchasing power of $1 million in the future due to inflation and currency debasement. Also, I suspect that people will underestimate their costs and overestimate their savings as a general rule of thumb, thoughts?
Probably a dumb question, but when you say save $x. Does that include 401k or just having $million in cash saved?
Includes 401k
@Schultzman thank you amazing content
Can you retire with less than one million if you have a rather large pension
Your monthly expenses- your monthly pension = amount you need your savings to replace (+/- x12 4% of your total savings).
I’m working till at least 100
You had me feeling really good until you talked about Fidelity and having 8X earnings at 60yrs old. I wish you'd talk or do a video comoaring the actual savings from the beginning of the video to the Fidelity amounts as they are at odds with each other. My 8x is $1.2M but as you said many have $500-900K or less. You made me feel good and then ripped my heart out 😢😂😉😘👍
Only 12% of American households have a million dollars in accets..and 88% have way less then that for retirement
I learned at 28 years old. Im on track to hit $2.5 MILLY by my retirement goal age of 60. Only 12 more years 🎉🎉🎉
Don't worry the market will tank and so will your money
@tagheuer02 it has and I'm still here. I play the long game.
You are saving all that money for a day that may never come, good luck@rolandosouffrain7957
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Million is very little these days, you'd need tiny expenses on this to live decent.
It's not enough to live lavishly, but if you live in a paid off house in a low cost of living area then it's adequate.
As a retired accountant most who say $1m is very little are categorically incorrect. Personal finance is just … personal. Over half my clients had a liquid wealth of around $1m and more than 60% retired at that mark. Over half had small pensions and/or brokerage accounts and their homes were paid off and most were collecting social security. One can live a comfortable life with $1m saved. It’s usually those who don’t have it that make such uninformed utterances.
Most retirees don't have this so called "very little" million dollars for retirement yet are able to retire comfortably. How is that possible oh retirement expert?
@@Retired_Life_1100% this. I've ran across a lot of people claiming a million is little and when I ask most who say that don't even have $1 million saved.
You must live in rarified demographics. The survey statistics show your generalization to others, of your personal situation is just plain incorrect.
The US census says the median US household income for 2023 was $80K. Using the pretty typical (and conservative for many) post retirement 80% of pre-retirement income estimate would be $64K. Median. So half of Americans would be below that. The average SS household income is $46K, leaving a potential gap of $18K. $18K divided by the 4% rule = $450K in retirement savings… for the median household.
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.
At a point like this, when the pressure is already on you to retire, it’s best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
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 $30k passively 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.
Do you mind sharing info on the advisor who assisted you?
Stacy Lynn Staples is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
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.
The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.
Thank you…. I have searched her up Google I think I am satisfied with her experience.
The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.
Francine goes deeper than just looking at surface-level trends.. she explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
First of you have be able to live ( be alive )
If you are bringing back those stupid fast closed captioning text and flashing images... I'm going to unsubscribe. Its very annoying and distracts from the message.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
I don’t have 1 m but I have 10 paid off rental
Better than a million