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 parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
Its 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 $287k 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.
@@williamDonaldson432 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
Finding financial advisors like Annette Marie Holt 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.
@@williamDonaldson432 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. 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.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
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 a million dollars 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.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Finding financial advisors like Marisa Breton Dollard 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.
The perfect Citizen, work hard your whole life, buy a house and have 2.3 children, pay your taxes, don't cause problems and die before you collect Social Security..
that pretty much sums it up, feed us poisoned food, poisoned are water, air. make sure you eat the veggies sprayed with various chemicals who no's what. Its bs eat drink smoke cannabis. Its all a crap shoot my last best friend expired at 50 yo. I'm 66, on jobs you name It, I been exposed to it. I even remember 2nd grade field trip to the atomic power plant, just one class ? what was that about ? we didn't know crap about splitting atoms. EXCEPT DUCK AND COVER I always laugh when I think about that. Enjoy life.
@@carolpeek7429 - I was being sarcastic. Many people in my family lived past 80. In fact, the age people live if they make it past 60 years old is 82. But unfortunately, many posters on this board want to believe what they want to believe, so they retire as soon as they can. Many seniors are broke. That's no way to "retire".
@@carolpeek7429 - The average SS check is only $1800. The average savings of retirees according to Fidelity is only $114K. If you're living until 82, that only going to give a person about $2800 per month to live on. For those who say, "retire early because life isn't guaranteed" had better have at least a half a million in investments or they will run out of money at 75. I predict that 65 to 67 will be the sweet spot age to retire in the future.
My Dad totally screwed them over. He lived to 95 and had 40 years of wonderful retirement.......He was only in the hospital a week then slipped away in his sleep.....
That's the way to do it ❤I live in the UK I am 60 in October this yr and my retirement date is on my 67 yr birthday and then they might raise it to 68 soon I hope I live as long and as happy as your farther
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?
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
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.
Marisa Michelle Litwinsky’’ 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.
@@molassescricket6663 I had cash stolen from my pockets on a couple of occasions and then come the bills in the mail. In the hospital they hide your shoes so that you can't leave - yep, happened to me.
@catsthinkmynameisclaude6955yes, when we are bickering amongst us, we don't put attention on fairly taxing the morbidly rich to help fund what society needs. thom hartmann has a rant about it. somewhere. fstv
Yep.... What you said was true but it IS our fault. Your fault. My fault. You LET your tool (government) tell you it has its own interest. Lmfao? What? When's the last time your vacuum cleaner said it has its own interest it doesn't wanna vacuum anymore it wants to still screws into wood now ...... What would you, THE OWNER OF THE TOOL, do to that tool which didn't do its purpose?
Deferred gratification is working your butt of your entire life, dreaming of doing all kinds of fun leisurely activities when you retire, and like so many, by the time they do retire, their health is failing and they can't realize those dreams they put off: A Stolen Life. Truly Tragic.
That was my parents. They saved Millions and left it to my sister and I as a trust. Didn't take many vacations after they retired due to health. One of the last trips they made was to Branson, Mo. They couldn't even fly in to see me graduate from college. I won't make that same mistake. Will retire early.
@@Tchild2the true gift is time spent connecting with your parents and no money can buy that back. but some parents spend all their time at work because they don’t want to put effort or time into connecting with their children
I had very little faith in our government, now I have none. I had four family members, who passed away because of accident or illness, before they could collect social security. One of my nieces was able to collect on her father's social security when he died, until she was 18. I came to realize that all of the extra money left from people who die before they collect, sure as hell, is not being put back towards social security. Our government is reassigning that money and wasting it on their own personal greed.
you misunderstand the way SS works. We were all told it was a 'retirement fund' for us and what we put in is what we are entitled to.. but that is a big lie. The way it works is Socialism. the people working are paying for those that are not working, whether it is Social Security, Disability or welfare. There are no 'retirement' accounts reinvesting your money to give you a retirement. It's all a lie. they set it up that way, then lied to us because in America if you say 'socialism' everyone gets their panties in a bunch and everything that follows is a mess. YEs it pisses me off that this is what they did but it does not change the facts.
The amount of money people are getting in their Social Security is a hell of a lot more than they ever contributed, and that’s why Social Security is unsustainable. People may have earned their leisure but the governments having to pick up the tab. you look at how much they took out of your check for Social Security and Medicare and how much people are withdrawing from Medicare and Social Security like I said before it’s just not sustainable and the government knows it.
@@mkm44 then why did the clowns just send another 160 billion to other countries for they can live the good life and I know this after working 45 years paying into SS every week plus what the government got in interest I will never get back what I paid into it but thats ok I don't mind other old Americans getting some of it its its a whole hell of a lot better than sending it to other countries for they can live the good life.
Live longer then get blamed for putting pressure on social services and being told you're responsible for young people not being able to get on the property ladder.
It is important to understand that a majority of people out there have been trained from birth including me to spend and consume. To follow the approved vision of what life is supposed to be. Spend, consume, put it on a credit card, buy new cars, get a 30 year mortgage, pay monthly utility bills, keep up the neighbors, fall for product commercials and work your ass off to keep up. People need to wake up and realize if you remove yourself from the system, think outside the box of what a house looks like, how it's insulated, look at technologies like thermal heating/cooling, install a mini-hydro turbine to generate your own power, control impulse buying, buy land rather than live in some rat maze subdivision, grow your own food, produce your own energy, you will live a much happier life, actually accomplish things and realize you don't need near as much money as you do living in the system. The system is designed to entice people to spend and consume.
Even buying land doesn't give you an exclusive right to possess it. Try not paying your rates for one year then see who "owns" your land. The state gets everything even though you poured your money into it.
@@fyiaustralia9686you're right about technically not owning property, but my tax rate on 10 acres of rural property is 5% of a city property. I'm willing to pay 20 dollars a month to live on my homestead, I'm not willing to spend 400 a month plus a mortgage and utilities to live on 1/10 of an acre in the city.
I own land. Septic system will be $10K. Well will be $10K. Then the cost of having a subcontractor build the house and separate garage. It's not cheap to build a custom house on your own land.
All you working lifes assets are sold,! to pay your last few years in an overpriced care home for hundreds of pounds a week, where the highlight of your day is a coffee and a biscuit.
I have a thought to share with you. My father retired at age 59. He has what I call a "Cadillac" insurance plan. He is now 81 years old. When he was younger and frequently going to the doctor, his insurance plan would throw a king's ransom at any pharmaceutical that a doctor would throw at him. Now that the pharmaceuticals have made him sick, and he needs more health care as a result, the insurance company is getting a lot stingier with dolling out money. It occurred to me. They want him dead. And the sooner he dies the better, at least to them. This system is designed to kill you. Good video.
Agree with you. Same thing happened to my mother. In 2019 she had a flu shot. Two days later she was dead. She did go to hospital complaining of chest pains and doctor said he found nothing and was set to release her. She was 91 and I believe they had no intention of putting another dime in her. I fear ever having to go to doctors and hospitals. BEWARE!!!!
nothing kills you quicker than allopathic care especially since it is for profit. it is another scam so is insurance the moment you make a law that you have to have it is when it gets expensive and no one can afford care except the super rich. insurance keep it voluntary and watch prices go down or they go out of business insurance raises the costs because those on the receiving end will be able to raise the prices of goods services etc, that competition itself or free market itself would of been half the price.
@@arlene-is-here The recent "pandemic" and the way seniors in nursing homes and hospitals, were treated have made many of us fear the medical system. A very valuable trust was broken
People should be mad as hecc, when you see how long politicians live. Yet, I know guys that were still working, and just passed away, made just enough money to pay for a funeral. The system is cold, never forget.
I saw this coming and decided to get out as soon as I could. Broke and divorced at 50 and out of the tech world. I ended up in trucking and saving almost every I made while living on the truck. I retired at 62 with a Filipina wife and paid off (small) home in the Philippines. I had enough of the greed, corruption and loss of freedom in the US. I come to the US for friends and family but I'm not seeing a future here with the runaway inflation, adulterated food and a crumbling society.
If you were broke at 50, you couldn't have saved much money in 12 years. Yes, the Philippines are cheaper but you can't own land as an American ex-pat. You are basically relying on your wife so she can own a home there. Would never relocate to a country where I could not own my own land.
Left the taxation plantation at 50. I barely work now because my eyes opened to the destruction of the middle class and transfer of wealth during Covid.
My father was old enough to remember the reason FDR initiated SS. It was to get older workers out of the work force and free up jobs for unemployed young men. The Great Depression was keeping older workers hanging onto their jobs. It was never about retirement for seniors.
So what if you work until 85... My great grandmother harvested apples in our orchard until cataracts stopped her at 92. My great grandfather was a carpenter with no electric tools. He worked until age 96. Working keeps you fit and helps you enjoy life more as a retiree. Most people die because they sit all day and eat or drink. They get bored and give in. The best thing is that as a retiree you can choose what you do and only do what you enjoy.
My dad is 80, he is a gas compressor mechanic in Wyoming. He is retiring at the end of the month. He tried retirement at 72 and hated it. My father-in-law is 84 and runs his 15,000 acre ranch and gets around like a. 40 year old. They are both healthy and happy. My mother and stepdad are 77 and 82 and have been retired for years. They are very unhealthy, ill, and sedentary. Thank you, I’ll work until I die if I can. Moving and purpose keeps us alive.
Moving is important, you don’t need a job, I go out every day to a park and walk and I love it, that’s my purpose. Retired at 64 , glad I’m out of cooperate America. I feel free and May look to volunteer somewhere.
@@geddon436thank you, same here, and im not lazy or stupid, al these jobs suck, I spent years supporting the economy, we all got and are getting screwed.
Gain awareness of the wealth transfer from working people to the “connected-protected-ruling” class. Taxes, debt, rents, wars, administrative laws, drugs, higher education, healthcare, housing, inflation, etc. Awareness buys you time, time buys you options - until it doesn’t. Be awake, aware, and prepared. Don’t get played.
Our government raided the social security fund and used that money to fund other projects. They never put that money back. BOTH SIDES DID IT. THEY ALSO DID IT TO TEACHERS RETIREMENT FUND. MILLIONS RETIREMENT FUNDS WERE GONE. IMAGINE WORKING UP TO 50 YEARS AND FINDING OUT IT WAS GONE.
Yeah, one hears "Organic food costs too much." Not really, if you figure you're ducking the deliberately tainted food and into the medical and pharmacidicals and would likely live longer as a result. Food is medicine, you-all.
also not all food has to be organic to have the same health and eating less is healthier and no one should have a gym membership as it is healthier to do very mild exercise such as no-cost bodyweight exercises and fast walking
I retired at 60 and I've collected social security and a private pension for the last 16 years. I'm dedicating myself to good health and contentment. My parents lived up into their late 90s. I hope to surpasse that!
We live what we learn, We are a product of our environment, Some get the bigger picture, most don't, the system is always about Power, Greed & Control, be smarter than the system commercial!
Productive? as if we have an obligation? No. I've given, as most have, more into the system than the system has given me. I don't owe you all ANYTHING!, as most of the rest of us. Actually, where did the idea originate that we have an obligation to earn as much as possible in order to pay into the system as much as possible?
Most of the "problems" in any society lead back to one entity...government. We are living the problems the founding fathers anticipated 200+ years ago.
The government isnt in control. Corporations and especially The banks, the oil industry and military industrial complex runs our lives. They aren't elected but they run America and own the politicians
Centralized powers of any society ultimately lead to corruption and collapse. Humanity needs to go back to small local living and leave big government behind.
The Government will throw an immense pizza party for the public to comply to their agendas. The public continue to eat all of the slices, including the crust and its crumbs.
It may not matter what others want......what matters is what you want. I am retired.....and the seniors I deal with.....don't take responsibility for their health. They accept that "going downhill" slowly - the "slippery slope" is their end. Walking? forget it. A married woman.....told me that her husband does not leave the house. Prescription for disaster.
I was not prepared for the useless feelings I developed after retirement. The pandemic compounded the feeling, so I decided to pick up trash in my community. Safely away from others, but able to interact on a limited basis. I adopted 2 miles at first, but expanded to 8 miles currently. I'm no longer pre-diabetic and was able to get off my blood pressure medication. I've lost weight and feel better. I've decided I want to live long enough to be a burden on Social Security. I finally stopped wearing a mask in public, and taking short trips. I hope to stay active into my 90's. I'm 70 now...
I just turned 41 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 AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k
Everyone’s been preaching investing lately as a source of passive income but with a 70 hour weekly jobs and limited knowledge of financial instruments, how can I actually stay on top of things, I see every RUclips video saying BUY BUY! But when and how do I sell for profit at the right time?
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
Here in the U K our un elected P M is trying to increase retirement age to 75 years old and then trying to get you out of your cars because they think your to old to drive .
Facing health issues and limited savings in my early 50s made working nearly impossible. Turning to investing became my lifeline. Now, at 58, I'm happily retired and my portfolio has grown to $4M. 'The Accidental Superpower' highlights demographic challenges well
In Norway, my parents enjoy excellent healthcare and retirement systems. to be realistic, Luck plays a significant role more-so than the resources to thrive with investing. without it, it's very challenging to succeed
when its consistent, its not considered luck. I attribute this to research which was the challenging part before it led me to Emily Ava Milligan, a top fund manager, in turn she made 300k into this and counting
after I pasted her name into my browser, her page was the first thing i found. from our interaction It's clear she's in high demand. Your example is rare. I wish i had it earlier to reference. thanks
Unfortunately, while many people realize that, their big problem is being unable to know *how* to write their own script. It took me quite a while to figure it out myself. Like many things in the real world, the answer is NOT taught in schools - intentionally.
What we did was we wiped out our 401 k and paid off our home before we retired at ages 63 and 64. Never regretted doing thaat. We get no pension, only social security but we have found 'smart ways' to still have fun and an enjoyable retirement and no mortgage! Maria in SC
In UK retirement age is 70 and they want to put it up to 75 except there's an issue they didn't think of , people checking out of the workforce altogether rather than pay for something they know they wont ever get. There's 40 year olds living with their parent working one day a week for their minimum spend and not worried about savings because it will just get inflated away . Its a mass spiritual awakening . Eventually , I think it will be a revolution because the state will try to go for slave / work camps /imprisonment but the cats out the bag now and aint gonna go back in.
Now I really know the UK is in deep do do! A rightwing politician here in Canada tried to raise the retirement age to 67. He was out of power shortly after and it was changed back. I think the UK has been screwing it’s average worker for a while now, but I didn’t know it had gotten that bad!
Its not 70 . It depends on when you were born as i do recall that the younger you are , the later you will collect , it works something like you will be an extra year older for every 7 years younger you currently are now. My mother was born in 1957 , and got her state pension at 66 . One of my colleagues will be 67 , another one will be 68 when they finally get theirs. I'm much younger , i'll probably be 72 or something.
dont know if that is true or not but many friends took the shots and many are getting sick over and over my hubby said guys at work are getting covid over and over he did not say if they had the shots but I bet they did, my friends and I and my hubby did not take anything and we have been doing very fine.
I’m getting close to age 66 and still working, still saving. Now I’m waiting for the big cosmic joke to hit. Health crisis? Cyber scam? Stock market crash? Social Security miscalculated my benefit? Why not all four.
@@demri123 The way the system is set up current payments go to support current retirees. That works just fine so long as the workforce is expanding faster than the number of retirees is expanding. If you were to invest for yourself today, there would be nothing to support current retirees. As it is, there won't BE a SS system past about 2035. The government will have to kill us with taxes to keep the system "solvent", and it will assist in the financial death spiral that this country has been on due to debt for a LONG time.
@@woodman1701 Yes. If most adults took up smoking again and died 8 years earlier than non smokers that would help the Social Security system. Your favorite insurance actuary nerd can confirm this.
My father beat the system. He worked for 30 years teaching in the City of Boston. He was awarded an extra 5 years if he retired immediately making his tenure 35 years.. My father worked for 30 years and has been retired for 31 this year. Democrats have been paying my father more years than he actually worked. My father is 90 years old and I would love to see him reach 100. I wanted to post something happy and positive. GOD Bless!
Yeah , that was obvious to me early in life , thats why I refused to turn my life over to the system and tried to enjoy life as a young person for the most part , I think they call that immature ??
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
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.
I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.
"Gertrude Margaret Quinto" 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
Worked part time starting at 13 in a bowling alley. Moved up to packing bags at 16 in grocery store. Worked full time right out of grade twelve. Retired at age 56, right away took Canada pension then plus union pension. Old age pension added at 65. Canadian and loving life, hating current government, in my 70’s. Unvacced and on one simple med only. My doctors office walls are covered in adverts from the gov and pharma, but my doctor respects my choices. My advice.. enjoy life, tough it out if you are ill, go for walks, enjoy a drink and friends and don’t take meds.
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 12 grand weekly and this has improved my financial life
YES! that's exactly her name (Stacey Macken) I watched her interview on CNN News and so many people recommended her trading skills, she's an expert and I'm just starting with her....From Brisbane Australia
I graduated high school in 1974 in a class of 148 students. 2 (1 graduated) sisters died that night via drunk driver, head on crash only 4 miles from their home. That summer another died from drowning and another from a drug overdose. Over the years the deaths piled up from diabetes, cancer, alcoholism, accidents, murders, etc. There are approx 23 of us left. My wife has Parkinson's. I just turned 68. Knock on wood...looks like I'm beating the odds.
I'm old enough to recall when they said that email and computers would give us a shorter working week and more leisure time - a better life. What a lie. I wasn't incarnated into whatever this miracle is to be a productive obedient worker unit.
Retirees have collected lots of resources. Eventually, it all goes back into the economy. ALL of it. Certainly not a net negative. Retiree is the cash cow. But yes, the sooner they can get your accumulated resources, the better (for them). Once you retire, watch your back, right?
I think it backfired on them. The elderly seem to have done better with the vax. If it made them sick, they are just a bigger burden on medicare payouts. Its the young workers that are dying like flies.
Covid was doing a good job on its own in clearing out the retirement homes. The long wait list for them around here disappeared virtually overnight. The one my sister worked at only one person survived Covid.
The era of the millionaires was better for the working class. This recent era of the billionaires not so good, less to go around due to a few individuals hoarding the velocity of money.
Some good points to ponder here. I’m retired now. Escaped from CA in 2020. Became eligible for Medicare in 2022. By now I have made the rounds to all the different kinds of doctors they have wanted me to see. I could never afford health care when living in CA, so I managed to get by with the occasional trip to the Chiropractor. Making the rounds to all the Drs has done nothing but cause me to worry more about my health. So, I have quit! Starting to feel better now thank you. I’ll keep paying into the Medicare, but will consider it as only an emergency thing, like in case I go out and buy another motorcycle and wind up wrapping myself around a telephone pole or something. How long will I live, happily? As long as I want to, as far as I’m concerned.
because they believed the fairy tale of adventure, travel, seeing places worldwide, meeting people. AND the lie that they will have hero status when or if they return home!
Makes sense, it's the same reason why the homeless problem keeps getting worse. In the politicians eyes, they're not contributing to the tax kitty, so investing in displaced people with tax dollars doesn't seem like a good investment to them. The united states has a tax monster that keeps getting bigger and bigger, retired people may have savings or investments, but all are drawing social security, which is a bit of a pyramid scheme in a sense as the working class paying into it now, may not see the benefits later.
About 80% of Americans are paycheck to paycheck. Meaning an individual or family’s income barely covers essential living expenses like housing, utilities, groceries and transportation. This doesn't include credit card debt, auto/home/student loans, medical debt, and the cost of raising children. The only real solutions are track your spending, budget, downsize whatever you can house/car/subscriptions/groceries, cook your own food,.. generally cut any expenses you can and get debt free.
The responsible approach would be to prepare mentally, physically, financially, and spiritually for yourself and family, while attempting to avoid all government, medical, and financial entities. You will have no regrets because you are prepared, and your correct priorities will give comfort.
Most elderly bad health is from bad habits, wrong food choices and lack of physical activity. You have to take responsibility for these things in your life because there will be a price to pay when you are old if you do not pay attention to these common sense ideas as the years go on.
I grew up when the government and corporations subliminal program was in full swing (consumerism). The baby bloomers paid the price for generations after them now know the truth. What you call common sense wasn’t so common.
If you’re living in California then YES! You are correct. Your state is down for the count. What you are saying is not true for everyone in every state. If you haven’t eaten processed cruddy food all your life and took care of your body and mind you will not be in the situation you’ve described. I’m semi retired at 61 , and enjoying life to the fullest and only on one medication which is only temporary. Living in California with that miserable corrupt governor, you’re screwed man
Great video! I wanted to mention that those of us over 60 years old commit few crimes than our counterparts (generally speaking). This adds value to society.
We also buy groceries, stuff for our houses and drive cars. The little money they give us, we spend which goes back into the economy. What do they want from us.
Actually, we lose value as we get older because then we can't contribute as much to the workforce and have to collect social security funds. why do you think they wanted the elderly in nursing homes to take the shot.
My health care up in Alberta, Canada. Because My body pounded the shit out its self from trucking 30 years. I took early retirement at 60. I was offered MAID at 62. I said no as I have alot of life in me + two grand kids to boot. Yes I can't do alot of walking far but I am a diabetic and I have trouble walking far. So with out me knowing how much the medical agency they push hard to want me on this MAID program. This just sucks.
You're comment got me very curious ( by the way I farm in Alberta and do have my class 1 which I have only been using to haul our own grain ) as can you explain how the medical establishment approached you about MAID and what their reasoning was to murder you .. essentially. Was this a doctor treating you suggesting this or do they have a key staff member in a hospital setting that's job is to pounce on anyone they see as a case of ( and do not take offence to this wording ) "A Useless Eater" meaning anyone that isn't slaving their butt off working to pay taxes.
Then why the hell do we have to pay into social security and Medicare ? People forget we paid for what we are getting . In all honesty with inflation, that money would have done a lot more and went a lot further when I was paying into it than it does now .
The government does nothing beneficial for mankind. They enslave, control and manipulate and LIE, LIE, LIE and we keep voting, voting and voting continuing their power over us. INSANE, INSANE, INSANE!
Given the fact that our economy is ~70% consumption driven, I disagree on a fundamental basis that the "system" wants you to keep working and have a short retirement or never retire. What the system wants is for you to spend every dollar you have, and if you are working you cannot maximize spending/consumption. You simply don't have the time. Literally the worst kind of citizen you can be in our system is one that works every waking minute the vast majority of your life, maximizes savings, minimizes consumption, and then passes on that net worth to offspring that will do the same.
You won’t pass that money on Private equity companies buy up nursing homes and charge 8-25,000 PER MONTH and eventually YOU RUN OUT OF MONEY BEFORE YOU DIE.
Maybe instead of looking for something new, we should look at worked in the past , and go back on a gold standard instead of inflating away the savings people have worked for
Because it’s a prison planet run by the remnants of the Brotherhood of the Serpent for immortal spiritual beings, trapped in a cycle of soul amnesia traps and bioengineered “physical” bodies. Enter the “light” to rejoin the prison. Lao Tzu showed us the key.
We, the old, are a burden. They want us to disappear. To just go away. As so we sit in our small apartments waiting to die. Nobody comes to visit, nobody really cares how we are doing. They just leave us alone and wait for us to die if we have any fame,money, clout only then do they care. Hundreds of millions of people just left alone to fade away to die. And the day is coming when you too will be one of us. Alone, in pain, unloved and the loneliness is all consuming. Good wonderful people, with stories to tell and much love in their hearts just left to die. No children come, no one ever knocks on the door. The phone never rings. No birthday cards. No Christmas cards. No one has hugged them in 40 plus years. All this in a society that claims it cares. That says it loves. That claims to be God fearing. You as a human race disgrace me to be considered a part of you. You disgrace yourselves. And the worst part is you don't even know it. You don't even see it. Perhaps someday you will see the light. Hope spring eternal.
Maybe those people should have thought of their kids when they had the chance. Loving parents create loving children and loving adults. Treated your kids like crap? Your prize is loneliness.
I took a class on retirement planning sponsored by my government job. I found out that they have studied this thing to death literally. They know how long they will be paying most pensions and social security for most people
I retired in 2006 after 28 years in the job. That was 18 years ago. My goal is to live long enough that I will have been collecting my pension for longer than I actually worked at the job. Stop eating processed food and seed oils. Sugar and carbs are toxic. Exercise every day and maintain social and family relationships.
A hotel co-worker said, the free meals you get are purposely high in salt/sugar so if you work 30/40 yrs til retirement your health is poor (hypertension/diabetes), that the avg worker dies within a few years to not be a pension burden.
Just one thing to be noted. He mentions if you work till you even older. Your health issues do increase as you get older. Yes there’s other factors also but not everybody’s going to be able to work until they are 70 or 75 especially if you have a more heavy physical job. I have seen many jobs that are rough and when you’re younger you might be able to do but as the years go by they run you into the ground literally. Not everyone can do these jobs into their later years. There is people who are forced into nursing homes because they are no longer able to live independently and have no choice because of their health conditions. I’m sure the government would like to not have to pay as many benefits out any longer than they have to. They are the ones who have mismanaged and poorly managed the finances of the system. The rest of the system especially the healthcare will bleed you dry while doing a crap job of treating the symptoms and not the causes while the insurance companies play dictators of what they allow the healthcare system to do in order to keep you alive or in the best level of life. Anyway this was a good video that was presented very well. Thanks 👍👍👍👍👍👍
Knew someone who worked his whole life through, retired @ 65 started collecting Social Security and died two years later. But wait, Social Security is going broke by 2035. Read somewhere from "ALL" the taxes you pay; gasoline, candy bars, home, ANYTHING KIND OF TAX in your life amounts to ~525 MILLION per person!
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 parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
Its 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 $287k 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.
@@williamDonaldson432 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
Finding financial advisors like Annette Marie Holt 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.
@@williamDonaldson432 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. 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.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
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 a million dollars 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.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
Finding financial advisors like Marisa Breton Dollard 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.
The perfect Citizen, work hard your whole life, buy a house and have 2.3 children, pay your taxes, don't cause problems and die before you collect Social Security..
That a bot
But ..... before you die you give all your money to the medical industrial complex (so that your kids get nothing).
Please don’t steal, government doesn’t like competition !! so security is a pyramid scheme run by the government
that pretty much sums it up, feed us poisoned food, poisoned are water, air. make sure you eat the veggies sprayed with various chemicals who no's what. Its bs eat drink smoke cannabis. Its all a crap shoot my last best friend expired at 50 yo. I'm 66, on jobs you name It, I been exposed to it. I even remember 2nd grade field trip to the atomic power plant, just one class ? what was that about ? we didn't know crap about splitting atoms. EXCEPT DUCK AND COVER I always laugh when I think about that. Enjoy life.
Well said
Retire as quick as you can. Don't worry about paying more and working longer. Life is short.
I agree. Never believe it when people tell you their parents lived until their 90s. Nobody lives that long. It's a conspriracy.
@@BillyO8828 My mother in law is 91 . My great grandmother lived to be 100. It does happen.
@@carolpeek7429 - I was being sarcastic. Many people in my family lived past 80. In fact, the age people live if they make it past 60 years old is 82. But unfortunately, many posters on this board want to believe what they want to believe, so they retire as soon as they can. Many seniors are broke. That's no way to "retire".
@@carolpeek7429 - The average SS check is only $1800. The average savings of retirees according to Fidelity is only $114K. If you're living until 82, that only going to give a person about $2800 per month to live on. For those who say, "retire early because life isn't guaranteed" had better have at least a half a million in investments or they will run out of money at 75. I predict that 65 to 67 will be the sweet spot age to retire in the future.
@@BillyO8828 I'll retire at 75
My Dad totally screwed them over. He lived to 95 and had 40 years of wonderful retirement.......He was only in the hospital a week then slipped away in his sleep.....
What a King. God Bless.
😁👍
That's the way to do it ❤I live in the UK I am 60 in October this yr and my retirement date is on my 67 yr birthday and then they might raise it to 68 soon I hope I live as long and as happy as your farther
How did he slip?
That’s my dream retirement
My friends mother just died at 106. Never needed pills, still helped on the farm.
That's why she lived so long - she was active, to put it mildly.
...still helped on the farm. That was definitely a big part of the equation.
Insane.😊
Amazing.
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
She's known as 'Amber Dawn Brummit'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
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.
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 $800,000.
How can I reach this person?
Marisa Michelle Litwinsky’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
They work you like a dog and keep you worried until there's nothing left of you. Then they push your wheel chair over the cliff.
Yep
Its a bitter sweet symphony
😂👍👍👍
That is so true!
Lord, forgive me for laughing so hard! 😂
😂🤣😂😂😂
Just started watching, but, avoid the medical system as much as possible, is my suggestion.
They kidnap you with the ambulance - now you are their hostage that they fleece.
Worked in health care nearly two decades, I second that!
@@molassescricket6663 I had cash stolen from my pockets on a couple of occasions and then come the bills in the mail. In the hospital they hide your shoes so that you can't leave - yep, happened to me.
_ healthcare in this U$A is more wealthcare than anything else _
That means living a healthy lifestyle too. People seem to think unhealthy habits are rebellious, but it's actually the opposite.
Been collecting social security for 21 years. I win.
🎰💯‼️👍
I'm the youngest of five kids and I started collecting at 62 and all of my siblings started collecting at 62. My brother turns 83 next month yeehaw
LIKE A LOTTERY, FOR THE FEW TO WIN THE MAJORITY HAVE TO LOSE.
@@utahboxergirl11I am trying to make it two more years. I am going to take early retirement. Get what we can get.
No vax attack
The government has everyone exactly where they wanted them to be: at each others throats and blaming each other for everything
🎯 When they do this, we don't focus on other things, like fairly raising taxes on the richest to fund what civilization (?) needs. yep
@catsthinkmynameisclaude6955yes, when we are bickering amongst us, we don't put attention on fairly taxing the morbidly rich to help fund what society needs. thom hartmann has a rant about it. somewhere. fstv
@catsthinkmynameisclaude6955
Oldest play/trick in the book
Yep.... What you said was true but it IS our fault. Your fault. My fault. You LET your tool (government) tell you it has its own interest. Lmfao? What? When's the last time your vacuum cleaner said it has its own interest it doesn't wanna vacuum anymore it wants to still screws into wood now ...... What would you, THE OWNER OF THE TOOL, do to that tool which didn't do its purpose?
It's not the government, they are just the paid puppets for the corporations.
Deferred gratification is working your butt of your entire life, dreaming of doing all kinds of fun leisurely activities when you retire, and like so many, by the time they do retire, their health is failing and they can't realize those dreams they put off: A Stolen Life. Truly Tragic.
That was my parents. They saved Millions and left it to my sister and I as a trust. Didn't take many vacations after they retired due to health. One of the last trips they made was to Branson, Mo. They couldn't even fly in to see me graduate from college. I won't make that same mistake. Will retire early.
By the time they have money to burn, the fire has gone out
@@DIVISIONINCISION Your parents gave you that gift of early retirement. That is true love on the part of your parents.
@@Tchild2the true gift is time spent connecting with your parents and no money can buy that back. but some parents spend all their time at work because they don’t want to put effort or time into connecting with their children
My mother worked 48 years at the same company. She died 6 months after she retired.
The system have you brainwashed into thinking u need to work a job for so many years until u die
Sounds lucky
Sad. I hope she enjoyed her job~
@@kathyhenry2362 Tomorrow is promised to nobody.
Sorry to hear that. She was a hard worker.
I had very little faith in our government, now I have none. I had four family members, who passed away because of accident or illness, before they could collect social security. One of my nieces was able to collect on her father's social security when he died, until she was 18. I came to realize that all of the extra money left from people who die before they collect, sure as hell, is not being put back towards social security. Our government is reassigning that money and wasting it on their own personal greed.
you misunderstand the way SS works. We were all told it was a 'retirement fund' for us and what we put in is what we are entitled to.. but that is a big lie. The way it works is Socialism. the people working are paying for those that are not working, whether it is Social Security, Disability or welfare. There are no 'retirement' accounts reinvesting your money to give you a retirement. It's all a lie. they set it up that way, then lied to us because in America if you say 'socialism' everyone gets their panties in a bunch and everything that follows is a mess. YEs it pisses me off that this is what they did but it does not change the facts.
My wife has collected SS disability benefits for 40 years. She is “retired” now and collecting benefits off of my earnings
Banks r the rulers and feeding from them feeds it
Illegals getting $2,200
Governments only want problems there criminals
Retired people have earned their leisure
What if they worked in HR?
The amount of money people are getting in their Social Security is a hell of a lot more than they ever contributed, and that’s why Social Security is unsustainable. People may have earned their leisure but the governments having to pick up the tab. you look at how much they took out of your check for Social Security and Medicare and how much people are withdrawing from Medicare and Social Security like I said before it’s just not sustainable and the government knows it.
@@mkm44 then why did the clowns just send another 160 billion to other countries for they can live the good life and I know this after working 45 years paying into SS every week plus what the government got in interest I will never get back what I paid into it but thats ok I don't mind other old Americans getting some of it its its a whole hell of a lot better than sending it to other countries for they can live the good life.
@@mkm44it's all the bogus disability claims that's bankrupting the system.
Shared I have been retired for a long time work hard save invest and do not feed the industrial complex they do not care about us
Live longer then get blamed for putting pressure on social services and being told you're responsible for young people not being able to get on the property ladder.
yep those in authority do some serious gaslighting no?
So they don't build houses for working class anymore, only for rich. And you are somehow is to blame?
My parents worked for 40+ years, then died aged 64 and 65 . The company or state did not have to pay a penny. Mindful of my genes, I retired at 56.
It is important to understand that a majority of people out there have been trained from birth including me to spend and consume. To follow the approved vision of what life is supposed to be. Spend, consume, put it on a credit card, buy new cars, get a 30 year mortgage, pay monthly utility bills, keep up the neighbors, fall for product commercials and work your ass off to keep up. People need to wake up and realize if you remove yourself from the system, think outside the box of what a house looks like, how it's insulated, look at technologies like thermal heating/cooling, install a mini-hydro turbine to generate your own power, control impulse buying, buy land rather than live in some rat maze subdivision, grow your own food, produce your own energy, you will live a much happier life, actually accomplish things and realize you don't need near as much money as you do living in the system. The system is designed to entice people to spend and consume.
Still a slave, to work...
Even buying land doesn't give you an exclusive right to possess it. Try not paying your rates for one year then see who "owns" your land. The state gets everything even though you poured your money into it.
@@fyiaustralia9686you're right about technically not owning property, but my tax rate on 10 acres of rural property is 5% of a city property. I'm willing to pay 20 dollars a month to live on my homestead, I'm not willing to spend 400 a month plus a mortgage and utilities to live on 1/10 of an acre in the city.
I own land. Septic system will be $10K. Well will be $10K. Then the cost of having a subcontractor build the house and separate garage. It's not cheap to build a custom house on your own land.
All you working lifes assets are sold,! to pay your last few years in an overpriced care home for hundreds of pounds a week, where the highlight of your day is a coffee and a biscuit.
Old Egyptian proverb: A man lives off of 1/4 of what he earns and his doctor the other 3/4's.
I have a thought to share with you. My father retired at age 59. He has what I call a "Cadillac" insurance plan. He is now 81 years old. When he was younger and frequently going to the doctor, his insurance plan would throw a king's ransom at any pharmaceutical that a doctor would throw at him. Now that the pharmaceuticals have made him sick, and he needs more health care as a result, the insurance company is getting a lot stingier with dolling out money. It occurred to me. They want him dead. And the sooner he dies the better, at least to them. This system is designed to kill you. Good video.
Agree with you. Same thing happened to my mother. In 2019 she had a flu shot. Two days later she was dead. She did go to hospital complaining of chest pains and doctor said he found nothing and was set to release her. She was 91 and I believe they had no intention of putting another dime in her. I fear ever having to go to doctors and hospitals. BEWARE!!!!
nothing kills you quicker than allopathic care especially since it is for profit. it is another scam so is insurance the moment you make a law that you have to have it is when it gets expensive and no one can afford care except the super rich. insurance keep it voluntary and watch prices go down or they go out of business insurance raises the costs because those on the receiving end will be able to raise the prices of goods services etc, that competition itself or free market itself would of been half the price.
@@rosesmith6208 That, coupled with modern diet and lifestyle. All insurance is a scam. It's the Mafia's protection racket with a storefront.
@@arlene-is-here The recent "pandemic" and the way seniors in nursing homes and hospitals, were treated have made many of us fear the medical system. A very valuable trust was broken
its like Logan's Run...cept they "go" at 30 not 62
Retired people add immeasurable value to society. What has happened to this world is sickening.
Elder men and women of wisdom
What on earth?? What value do they add?
Living in a boomer filled town, is hell on earth. They add nothing.
@@selohcin They all spend money. You don't find that people spending money into the economy is valuable?
@@Tchild2 Spending money and adding value to society are not the same things.
This is one of the reasons I retired early. Living a little beneath my means, not having kids and never having debt made it possible.
Wife and kids are huge drains on finances. Most guys don't understand that until they're divorced, and by then it's too late.
I had one child and it bankrupted me along with divorce costs. Never had more kids. Shouldn't never gotten married.
People should be mad as hecc, when you see how long politicians live. Yet, I know guys that were still working, and just passed away, made just enough money to pay for a funeral. The system is cold, never forget.
and when you see how many politicians are rich! They have the means to go to get new blood, thats why
they get so old.
@@juttaweise They can even work with dementia or from their hospital bed.
I saw this coming and decided to get out as soon as I could. Broke and divorced at 50 and out of the tech world. I ended up in trucking and saving almost every I made while living on the truck. I retired at 62 with a Filipina wife and paid off (small) home in the Philippines. I had enough of the greed, corruption and loss of freedom in the US. I come to the US for friends and family but I'm not seeing a future here with the runaway inflation, adulterated food and a crumbling society.
You will be under China control soon.
If you were broke at 50, you couldn't have saved much money in 12 years. Yes, the Philippines are cheaper but you can't own land as an American ex-pat. You are basically relying on your wife so she can own a home there. Would never relocate to a country where I could not own my own land.
so true considering leaving in 5 to 7 years
@@DIVISIONINCISION A diligent and lucky trucker can earn six figures a year. He was also LIVING in the truck, so he had no rent costs.
@@selohcin I get that. I just don't believe it. I think he's reaching a bit. He's lucky that his wife is a Filipino and can own land.
"A Slave's Freedom is Death"
But if you die in Christ / Yeshua Hamashiach ; you have eternal life. Praise YAH.
I unfortunately am a slave I worked 35years have no savings..
i was a really sh!tty slave. i mostly pretended to work. then i even retired from that 10 years ago.
@whiskeykilo2h429 nobody knows for sure
@@jigc23 that’s exactly what the ‘adversary’ wants you to think and far from it.
We've got the same people in charge of our health care system as our Social (In)security. WAKE UP AMERICA!
Don't forget, those people have made a separate system for themselves. They make sure that THEY are taken care of.
Left the taxation plantation at 50. I barely work now because my eyes opened to the destruction of the middle class and transfer of wealth during Covid.
Me too.
It's been twelve years.
how did you do it?
I did too in 2019. Moved and downsized to a rural area with very low property taxes.
What is the trans see of wealth?
@@mdgraystone Transfer
there losing your tax contributions from a paycheck.they care about taking your money. not you.
My father was old enough to remember the reason FDR initiated SS. It was to get older workers out of the work force and free up jobs for unemployed young men. The Great Depression was keeping older workers hanging onto their jobs. It was never about retirement for seniors.
Now they just import illegals who will work for nothing.
So what if you work until 85... My great grandmother harvested apples in our orchard until cataracts stopped her at 92. My great grandfather was a carpenter with no electric tools. He worked until age 96. Working keeps you fit and helps you enjoy life more as a retiree. Most people die because they sit all day and eat or drink. They get bored and give in. The best thing is that as a retiree you can choose what you do and only do what you enjoy.
I love what I do...my plan is to keep working past 70...happy with my life
Never retire, but live like u already are.
My dad is 80, he is a gas compressor mechanic in Wyoming. He is retiring at the end of the month. He tried retirement at 72 and hated it. My father-in-law is 84 and runs his 15,000 acre ranch and gets around like a. 40 year old. They are both healthy and happy. My mother and stepdad are 77 and 82 and have been retired for years. They are very unhealthy, ill, and sedentary. Thank you, I’ll work until I die if I can. Moving and purpose keeps us alive.
I couldn’t agree more.
If I could find a job I enjoyed, I would probably do the same
Moving is important, you don’t need a job, I go out every day to a park and walk and I love it, that’s my purpose. Retired at 64 , glad I’m out of cooperate America. I feel free and May look to volunteer somewhere.
@@geddon436thank you, same here, and im not lazy or stupid, al these jobs suck, I spent years supporting the economy, we all got and are getting screwed.
@@lucywhitmore9 I was injured. My future is looking bad. Might be homeless
Gain awareness of the wealth transfer from working people to the “connected-protected-ruling” class. Taxes, debt, rents, wars, administrative laws, drugs, higher education, healthcare, housing, inflation, etc. Awareness buys you time, time buys you options - until it doesn’t. Be awake, aware, and prepared. Don’t get played.
Yes all of that is a growing and more sophisticated and deeper money grab. Period.
very well said...
Social security is a scam. You should be able to in the least be able to leave what you earned for your family.
"The WORLD'S 🌎 BIGGEST PONZI SCHEME"‼️💯...Most People Don't Even Realize It 💯
Our government raided the social security fund and used that money to fund other projects.
They never put that money back.
BOTH SIDES DID IT.
THEY ALSO DID IT TO TEACHERS RETIREMENT FUND.
MILLIONS RETIREMENT FUNDS WERE GONE.
IMAGINE WORKING UP TO 50 YEARS AND FINDING OUT IT WAS GONE.
Yeah, one hears "Organic food costs too much." Not really, if you figure you're ducking the deliberately tainted food and into the medical and pharmacidicals and would likely live longer as a result. Food is medicine, you-all.
Yep. Someone said it: Let food be your medicine.
also not all food has to be organic to have the same health and eating less is healthier and no one should have a gym membership as it is healthier to do very mild exercise such as no-cost bodyweight exercises and fast walking
People are born liars - don't believe those food labels - they only have to meet a "legal" definition.
Organic food is a hoax.
You’ll see.
Everything has poison in it now
Let your food be your medicine and your medicine be your food.....grow your groceries.
I retired at 60 and I've collected social security and a private pension for the last 16 years. I'm dedicating myself to good health and contentment. My parents lived up into their late 90s. I hope to surpasse that!
Yessss Congrats 🎉
Lol I live in the UK and taken up dangerous sports and heavy smoking , Im 52 and would not like to be a 60 year old in this shithole.
How you retired at 60 if is at 62 ?
We live what we learn, We are a product of our environment, Some get the bigger picture, most don't, the system is always about Power, Greed & Control, be smarter than the system commercial!
Productive?
as if we have an obligation?
No.
I've given, as most have, more into the system than the system has given me.
I don't owe you all ANYTHING!,
as most of the rest of us.
Actually, where did the idea originate that we have an obligation to earn as much as possible in order to pay into the system as much as possible?
Most of the "problems" in any society lead back to one entity...government. We are living the problems the founding fathers anticipated 200+ years ago.
"Government" has all that power because all your friends and neighbors (and the public) enforce the rules.
The government isnt in control. Corporations and especially The banks, the oil industry and military industrial complex runs our lives. They aren't elected but they run America and own the politicians
Centralized powers of any society ultimately lead to corruption and collapse. Humanity needs to go back to small local living and leave big government behind.
The Government will throw an immense pizza party for the public to comply to their agendas. The public continue to eat all of the slices, including the crust and its crumbs.
@@T.Harry79 And then order even MORE pizza - and charge it for their children and grandchildren to pay for. "Isn't that pizza bill SO tasty, kids?"
My neighbor worked for usps his whole life. Retired and was dead within the year. 😢
It may not matter what others want......what matters is what you want. I am retired.....and the seniors I deal with.....don't take responsibility for their health. They accept that "going downhill" slowly - the "slippery slope" is their end. Walking? forget it. A married woman.....told me that her husband does not leave the house. Prescription for disaster.
I was not prepared for the useless feelings I developed after retirement. The pandemic compounded the feeling, so I decided to pick up trash in my community. Safely away from others, but able to interact on a limited basis. I adopted 2 miles at first, but expanded to 8 miles currently. I'm no longer pre-diabetic and was able to get off my blood pressure medication. I've lost weight and feel better. I've decided I want to live long enough to be a burden on Social Security. I finally stopped wearing a mask in public, and taking short trips. I hope to stay active into my 90's. I'm 70 now...
Masks don't work, chocolate fireguard
I just turned 41 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 AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k
Everyone’s been preaching investing lately as a source of passive income but with a 70 hour weekly jobs and limited knowledge of financial instruments, how can I actually stay on top of things, I see every RUclips video saying BUY BUY! But when and how do I sell for profit at the right time?
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
How can I reach this person?
'vivian jean wilhelm’ maintains an online presence. Just make a simple search for her name online.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Here in the U K our un elected P M is trying to increase retirement age to 75 years old and then trying to get you out of your cars because they think your to old to drive .
Facing health issues and limited savings in my early 50s made working nearly impossible. Turning to investing became my lifeline. Now, at 58, I'm happily retired and my portfolio has grown to $4M. 'The Accidental Superpower' highlights demographic challenges well
In Norway, my parents enjoy excellent healthcare and retirement systems. to be realistic, Luck plays a significant role more-so than the resources to thrive with investing. without it, it's very challenging to succeed
when its consistent, its not considered luck. I attribute this to research which was the challenging part before it led me to Emily Ava Milligan, a top fund manager, in turn she made 300k into this and counting
after I pasted her name into my browser, her page was the first thing i found. from our interaction It's clear she's in high demand. Your example is rare. I wish i had it earlier to reference. thanks
wow direct me to the scam coworker
@@DaliTaliani-wz4ti spammer.
Create your own script. Live how you want.
This.
Unfortunately, while many people realize that, their big problem is being unable to know *how* to write their own script. It took me quite a while to figure it out myself. Like many things in the real world, the answer is NOT taught in schools - intentionally.
Work longer…..
Keep sending money to the financial advisor longer…
Wall Street loves you!
I will send my money to the VTI Vanguard ETF.
What we did was we wiped out our 401 k and paid off our home before we retired at ages 63 and 64. Never regretted doing thaat. We get no pension, only social security but we have found 'smart ways' to still have fun and an enjoyable retirement and no mortgage! Maria in SC
@@mariaw593....terrible
Forgot to mention the tens of millions of illegal immigrants paying no income tax. And receiving government resources.
In UK retirement age is 70 and they want to put it up to 75 except there's an issue they didn't think of , people checking out of the workforce altogether rather than pay for something they know they wont ever get. There's 40 year olds living with their parent working one day a week for their minimum spend and not worried about savings because it will just get inflated away . Its a mass spiritual awakening . Eventually , I think it will be a revolution because the state will try to go for slave / work camps /imprisonment but the cats out the bag now and aint gonna go back in.
Now I really know the UK is in deep do do! A rightwing politician here in Canada tried to raise the retirement age to 67. He was out of power shortly after and it was changed back. I think the UK has been screwing it’s average worker for a while now, but I didn’t know it had gotten that bad!
Its not 70 .
It depends on when you were born as i do recall that the younger you are , the later you will collect , it works something like you will be an extra year older for every 7 years younger you currently are now. My mother was born in 1957 , and got her state pension at 66 . One of my colleagues will be 67 , another one will be 68 when they finally get theirs.
I'm much younger , i'll probably be 72 or something.
It doesn't matter that you are productive, if some people steals the money you earn every day.
That’s what the ‘Covid’ injections were for
100%
BINGO! Deep State solution.
What?
dont know if that is true or not but many friends took the shots and many are getting sick over and over my hubby said guys at work are getting covid over and over he did not say if they had the shots but I bet they did, my friends and I and my hubby did not take anything and we have been doing very fine.
@@rosesmith6208 I’ve noticed the same, seems like the injections did a job on peoples immune systems.
The dream of retiring in sunny Florida is over. Nothing stays the same. Survival is the name of the game
The system sucks and needs to change.
Never expect the said system to change. Let the old fart’s lifetime take its course. Their next generation needs to run things now.
I’m getting close to age 66 and still working, still saving. Now I’m waiting for the big cosmic joke to hit. Health crisis? Cyber scam? Stock market crash? Social Security miscalculated my benefit? Why not all four.
Don't hesitate collect SSI at 62.
How bout when mine is 72 i probably won't make it to ever collect exactly what they want
unfortunately, in New York it's 65.
Imagine if all your contributions went to gold and silver coins instead
@@demri123 The way the system is set up current payments go to support current retirees. That works just fine so long as the workforce is expanding faster than the number of retirees is expanding. If you were to invest for yourself today, there would be nothing to support current retirees. As it is, there won't BE a SS system past about 2035. The government will have to kill us with taxes to keep the system "solvent", and it will assist in the financial death spiral that this country has been on due to debt for a LONG time.
In a similar light, when the general population quit smoking the Social Security system became badly drained by people living a lot longer.
Ask bill Clinton what happen to our SSI
So in effect, if everyone starts smoking again then Social Security might become solvent?
@@woodman1701 Yes. If most adults took up smoking again and died 8 years earlier than non smokers that would help the Social Security system. Your favorite insurance actuary nerd can confirm this.
Just get your booster
State and Federal taxes have taken a big, big hit by smokers quitting. Weed tax is coming though.
My father beat the system. He worked for 30 years teaching in the City of Boston. He was awarded an extra 5 years if he retired immediately making his tenure 35 years.. My father worked for 30 years and has been retired for 31 this year. Democrats have been paying my father more years than he actually worked. My father is 90 years old and I would love to see him reach 100. I wanted to post something happy and positive. GOD Bless!
Well they say that people who reach 90 have a good chance to get to be 100y old! I wish it for your dad and you!
I've been saying this for years that this system needs to be redesigned!!
Remove all of the elected old farts.
Yeah , that was obvious to me early in life , thats why I refused to turn my life over to the system and tried to enjoy life as a young person for the most part , I think they call that immature ??
Soylent Green!
It’s People !
@@Nottazipposaid Charles!😳
Oh please don’t remind me of that movie!
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
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.
I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.
@@mariaguerrero08who is your advisor please, if you don't mind me asking?
"Gertrude Margaret Quinto" 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 just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Worked part time starting at 13 in a bowling alley. Moved up to packing bags at 16 in grocery store. Worked full time right out of grade twelve. Retired at age 56, right away took Canada pension then plus union pension. Old age pension added at 65. Canadian and loving life, hating current government, in my 70’s. Unvacced and on one simple med only. My doctors office walls are covered in adverts from the gov and pharma, but my doctor respects my choices. My advice.. enjoy life, tough it out if you are ill, go for walks, enjoy a drink and friends and don’t take meds.
Laughter cures cancer
And..if you can, grow as much food as you can! 😂
I seem to be your younger US counterpart. Hope we get our monies back before we croak. Stay safe Sir.
Eat a carnivore diet.
@@dallassegnobeen laughing all my life, still got cancer, it’s in my DNA😢
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 12 grand weekly and this has improved my financial life
YES! that's exactly her name (Stacey Macken) I watched her interview on CNN News and so many people recommended her trading skills, she's an expert and I'm just starting with her....From Brisbane Australia
This Woman has really change the life of many people from different countries and am a testimony of her trading platform .
I graduated high school in 1974 in a class of 148 students. 2 (1 graduated) sisters died that night via drunk driver, head on crash only 4 miles from their home. That summer another died from drowning and another from a drug overdose. Over the years the deaths piled up from diabetes, cancer, alcoholism, accidents, murders, etc. There are approx 23 of us left. My wife has Parkinson's. I just turned 68. Knock on wood...looks like I'm beating the odds.
wish you good luck, even though I think your situation is not an easy one!
I'm old enough to recall when they said that email and computers would give us a shorter working week and more leisure time - a better life. What a lie. I wasn't incarnated into whatever this miracle is to be a productive obedient worker unit.
Same thing with the AI generation...
A hard worker is rewarded with more work
Retirees have collected lots of resources. Eventually, it all goes back into the economy. ALL of it. Certainly not a net negative. Retiree is the cash cow. But yes, the sooner they can get your accumulated resources, the better (for them). Once you retire, watch your back, right?
Totally agree
The government hates me. Retired at 54 and still breathing at 77.
Corporations discriminate against you, then randos accuse you of not "contributing"
State sanctioned Gaslighting.
Wake up! Neither the government nor corporations are your friend. Neither one cares about you, and neither do unions.
Exactly what I figured when they were giving the vaxjuice to the elders first !
I think it backfired on them. The elderly seem to have done better with the vax. If it made them sick, they are just a bigger burden on medicare payouts. Its the young workers that are dying like flies.
Covid was doing a good job on its own in clearing out the retirement homes. The long wait list for them around here disappeared virtually overnight. The one my sister worked at only one person survived Covid.
@@thebigpicture2032 Survived "Covid" or the shot !
@@charlesleblanc6638 shot didn’t come along until much later - it was nearly a year before Trump Admin fast tracked the shot.
Bumped off with midazalam
The era of the millionaires was better for the working class.
This recent era of the billionaires not so good, less to go around due to a few individuals hoarding the velocity of money.
Some good points to ponder here. I’m retired now. Escaped from CA in 2020. Became eligible for Medicare in 2022. By now I have made the rounds to all the different kinds of doctors they have wanted me to see. I could never afford health care when living in CA, so I managed to get by with the occasional trip to the Chiropractor. Making the rounds to all the Drs has done nothing but cause me to worry more about my health. So, I have quit! Starting to feel better now thank you. I’ll keep paying into the Medicare, but will consider it as only an emergency thing, like in case I go out and buy another motorcycle and wind up wrapping myself around a telephone pole or something. How long will I live, happily? As long as I want to, as far as I’m concerned.
Theres US combat veterans on the street homeless...let that sink in.
While they are giving food, housing, education to illegals pouring into our country by the thousands.
because they believed the fairy tale of adventure, travel, seeing places worldwide, meeting people.
AND the lie that they will have hero status when or if they return home!
Makes sense, it's the same reason why the homeless problem keeps getting worse. In the politicians eyes, they're not contributing to the tax kitty, so investing in displaced people with tax dollars doesn't seem like a good investment to them. The united states has a tax monster that keeps getting bigger and bigger, retired people may have savings or investments, but all are drawing social security, which is a bit of a pyramid scheme in a sense as the working class paying into it now, may not see the benefits later.
About 80% of Americans are paycheck to paycheck. Meaning an individual or family’s income barely covers essential living expenses like housing, utilities, groceries and transportation. This doesn't include credit card debt, auto/home/student loans, medical debt, and the cost of raising children. The only real solutions are track your spending, budget, downsize whatever you can house/car/subscriptions/groceries, cook your own food,.. generally cut any expenses you can and get debt free.
The responsible approach would be to prepare mentally, physically, financially, and spiritually for yourself and family, while attempting to avoid all government, medical, and financial entities.
You will have no regrets because you are prepared, and your correct priorities will give comfort.
Avoiding medical services is fine until your prostate closes and you need a catheter or operation to carry on living.
@@petelamb1493 Good point.
My plan is live as cheaply as possible without being completely homeless
This plan is a good one for the young since they won’t have SS available when and if they live to 65.
Being homeless isn’t bad at all if you have a sense of direction and strategy. You shouldn’t allow society to break yourself financially.
Most elderly bad health is from bad habits, wrong food choices and lack of physical activity. You have to take responsibility for these things in your life because there will be a price to pay when you are old if you do not pay attention to these common sense ideas as the years go on.
I grew up when the government and corporations subliminal program was in full swing (consumerism). The baby bloomers paid the price for generations after them now know the truth. What you call common sense wasn’t so common.
True Neil. Not much discussion on this. We need to treat our retired people better.
If you’re living in California then YES! You are correct. Your state is down for the count. What you are saying is not true for everyone in every state. If you haven’t eaten processed cruddy food all your life and took care of your body and mind you will not be in the situation you’ve described. I’m semi retired at 61 , and enjoying life to the fullest and only on one medication which is only temporary. Living in California with that miserable corrupt governor, you’re screwed man
Great video! I wanted to mention that those of us over 60 years old commit few crimes than our counterparts (generally speaking). This adds value to society.
We also buy groceries, stuff for our houses and drive cars. The little money they give us, we spend which goes back into the economy. What do they want from us.
Actually, we lose value as we get older because then we can't contribute as much to the workforce and have to collect social security funds. why do you think they wanted the elderly in nursing homes to take the shot.
My health care up in Alberta, Canada. Because My body pounded the shit out its self from trucking 30 years. I took early retirement at 60. I was offered MAID at 62. I said no as I have alot of life in me + two grand kids to boot. Yes I can't do alot of walking far but I am a diabetic and I have trouble walking far. So with out me knowing how much the medical agency they push hard to want me on this MAID program. This just sucks.
You're comment got me very curious ( by the way I farm in Alberta and do have my class 1 which I have only been using to haul our own grain ) as can you explain how the medical establishment approached you about MAID and what their reasoning was to murder you .. essentially. Was this a doctor treating you suggesting this or do they have a key staff member in a hospital setting that's job is to pounce on anyone they see as a case of ( and do not take offence to this wording ) "A Useless Eater" meaning anyone that isn't slaving their butt off working to pay taxes.
You can heal your diabetes you have to change your diet. RUclips has tons of free information . Best wishes
You’re in charge of your health. It’s up to you to take care of yourself not the government.
US, INC is a dummy corporation, not a de jure government.
It actually wants you dead.🙄
Then why the hell do we have to pay into social security and Medicare ? People forget we paid for what we are getting . In all honesty with inflation, that money would have done a lot more and went a lot further when I was paying into it than it does now .
@@jamesolivito4374 You don't. Get off the system.
The government does nothing beneficial for mankind. They enslave, control and manipulate and LIE, LIE, LIE and we keep voting, voting and voting continuing their power over us. INSANE, INSANE, INSANE!
@@Fawn91193so how do you get off the system exactly??
I'm so glad someone stepped up and said this!
Great points, we Are 67, how much time is left? The Gov doesn’t care or want us. Don
Retirees have contributed a lot!
Given the fact that our economy is ~70% consumption driven, I disagree on a fundamental basis that the "system" wants you to keep working and have a short retirement or never retire. What the system wants is for you to spend every dollar you have, and if you are working you cannot maximize spending/consumption. You simply don't have the time. Literally the worst kind of citizen you can be in our system is one that works every waking minute the vast majority of your life, maximizes savings, minimizes consumption, and then passes on that net worth to offspring that will do the same.
You won’t pass that money on Private equity companies buy up nursing homes and charge 8-25,000 PER MONTH and eventually YOU RUN OUT OF MONEY BEFORE YOU DIE.
Maybe instead of looking for something new, we should look at worked in the past , and go back on a gold standard instead of inflating away the savings people have worked for
Thanks for this video! This is definitely on the forefront of my mind.
Because it’s a prison planet run by the remnants of the Brotherhood of the Serpent for immortal spiritual beings, trapped in a cycle of soul amnesia traps and bioengineered “physical” bodies. Enter the “light” to rejoin the prison. Lao Tzu showed us the key.
We, the old, are a burden. They want us to disappear. To just go away. As so we sit in our small apartments waiting to die. Nobody comes to visit, nobody really cares how we are doing. They just leave us alone and wait for us to die if we have any fame,money, clout only then do they care. Hundreds of millions of people just left alone to fade away to die. And the day is coming when you too will be one of us. Alone, in pain, unloved and the loneliness is all consuming. Good wonderful people, with stories to tell and much love in their hearts just left to die. No children come, no one ever knocks on the door. The phone never rings. No birthday cards. No Christmas cards. No one has hugged them in 40 plus years. All this in a society that claims it cares. That says it loves. That claims to be God fearing. You as a human race disgrace me to be considered a part of you. You disgrace yourselves. And the worst part is you don't even know it. You don't even see it. Perhaps someday you will see the light. Hope spring eternal.
Maybe those people should have thought of their kids when they had the chance. Loving parents create loving children and loving adults. Treated your kids like crap? Your prize is loneliness.
We have a gentlemen on the sales floor at our local Ace Hardware. He is a full time employee and very knowledgeable about all the products. He is 82.
You don't have to be retired to have a harsh reality of the cost of living and lack of cash. I can appreciate where your coming from.
I took a class on retirement planning sponsored by my government job. I found out that they have studied this thing to death literally. They know how long they will be paying most pensions and social security for most people
I retired in 2006 after 28 years in the job. That was 18 years ago. My goal is to live long enough that I will have been collecting my pension for longer than I actually worked at the job. Stop eating processed food and seed oils. Sugar and carbs are toxic. Exercise every day and maintain social and family relationships.
Smoke weed
Because they don't wanna pay, why else
A hotel co-worker said, the free meals you get are purposely high in salt/sugar so if you work 30/40 yrs til retirement your health is poor (hypertension/diabetes), that the avg worker dies within a few years to not be a pension burden.
The dictators in our system do not like wise people.....
Just one thing to be noted. He mentions if you work till you even older. Your health issues do increase as you get older. Yes there’s other factors also but not everybody’s going to be able to work until they are 70 or 75 especially if you have a more heavy physical job. I have seen many jobs that are rough and when you’re younger you might be able to do but as the years go by they run you into the ground literally. Not everyone can do these jobs into their later years. There is people who are forced into nursing homes because they are no longer able to live independently and have no choice because of their health conditions. I’m sure the government would like to not have to pay as many benefits out any longer than they have to. They are the ones who have mismanaged and poorly managed the finances of the system. The rest of the system especially the healthcare will bleed you dry while doing a crap job of treating the symptoms and not the causes while the insurance companies play dictators of what they allow the healthcare system to do in order to keep you alive or in the best level of life. Anyway this was a good video that was presented very well. Thanks 👍👍👍👍👍👍
Knew someone who worked his whole life through, retired @ 65 started collecting Social Security and died two years later. But wait, Social Security is going broke by 2035. Read somewhere from "ALL" the taxes you pay; gasoline, candy bars, home, ANYTHING KIND OF TAX in your life amounts to ~525 MILLION per person!