Millions of Americans face uncertainty when trying to retire
HTML-код
- Опубликовано: 9 сен 2024
- For 11 million Americans, reaching the age of 65 doesn't mean you simply stop working and retire with a solid savings, enjoying your golden years they way so many are able to. So how do you handle the challenges when that happens? And what can you do to prepare?
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I’ve been thinking a lot about retirement lately, and it’s scary how uncertain everything feels. It’s like the more I read, the more worried I get about whether I’ll have enough to live on.
I’m in the same boat. I’ve worked hard my whole life, but with everything costing more and savings not growing like they used to, it’s hard to know if what I’ve set aside will be enough.
It’s tough, no doubt. My husband and I are trying to figure out if we should downsize or keep our home. But even then, with the market being so unpredictable, who knows if that’s the right move?
I hear you. My parents always talked about how retirement was supposed to be the golden years, but now it feels like we’re all just trying to survive, not thrive. It’s hard to plan when there are so many unknowns.
And don’t get me started on healthcare costs. That’s what really keeps me up at night. You think you’re prepared, but one serious illness can wipe out years of savings.
That’s a big one. My wife and I had a long talk about that recently. We decided to get some help to figure out our next steps. There’s just too much at stake to wing it on our own.
This country is going down hill.
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 has spent same number of years in the civil service, she is investing through a wealth manager and myself through the 401k. We both still earning towards having our retirement.
This is true. I'm in my mid 40'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 $800,000 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.
Good gains! who is this professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow.
‘’Marisa Breton Dollard’’ 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.
Work til you're dead culture. Thank goodness I retired at 55 and left the "overpriced" American Dream of the working senior citizens.
You were likely one of the last to make it out safely. I’m happy for you.
@PrecioustheMovie1 took the money and ran, didn't look back. Wife and I are really enjoying a fantastic life without stress about money going into our older years.
Retiring from UPS was a blessing for the pension but also had a 401k and invested in stocks and still working now for an electrical utility company! Ready to go back to México
100% of the population faces uncertainty on a daily basis.
This couple is a case study on what NOT to do. I can't believe Teresa blames the policymakers - the system works if you use it properly and make good financial decisions. This couple used their retirement accounts as a piggy bank - what could POSSIBLY go wrong? This couple has no accountability - they did it to themselves.
I see what you’re trying to say. They didn’t make the sacrifice to save enough wealth for old age and now they see the fruits of that
Obam looks happy in the vineyard….ironic😏👺🇺🇸
Went from a million to 70 million in 8 years ! Clinton’s and Biden’s also made millions during Obummer times !
Put money in your 401k, Roth IRA, whatever as soon as you start working in late teens or early 20s. Have it invested in a total US Stock index fund or ETF -- a good example is Vanguard's VTI. Contribute consistently. If you do that, you will have more than enough money to retire by 60 or earlier. Don't live like a Rock Star, don't go out eat everyday, forgo fancy vacations, buy a sensible used car, etc. and just save! For example, just $300 a month in contributions will easily net you $617k to $1mil in 37 years time.
I started investing in stocks at 25 and at 60 I’m doing very good for someone that came from México!
Lol when you have $25 left of your paycheck after all the bills and student loans. If I had $300 a month a could maybe afford the root canal I need. I have insurance but still can’t afford it even with working two jobs. $300?!? Ha
Tomorrow is not guaranteed.
My 56 year old friend died last year of a heart attack. He worked 6 days a week 18 hours a day for the 30 years I knew him.
And he died with a lot of money.
@@faustinreeder1075 "What's the point of being the richest man in the cemetery?" Steve Jobs
I went back to work at Hertz rental $16.60 an hour after taxes and deductions $9.00 an hour
My dad is 72, still hasn’t cashed in his 401k. But yeah, boomers have it rough.
Everything is too damn high and needs to deflate but somehow our national debt gets larger and larger.
Looking at our government climate currently and it shows why all the middle and lower class are having a hard time. With our border widely open for the world just imagine 5, 10 years down the road. our vote is our power. Hope everyone survives.
American dream of working every day past retirement age 😂😂😂
I find it fascinating that this gentleman blames growing up on a farm as to why he was not financially savvy. I grew up on a farm in a communist country and migrated to this wonderful country when I was 9 years old. I grew up with very limited resources, but never allowed my background, lack of financial intelligence, or where I grew to decide for me what I could have become and achieve. I pick up books and followed the advise and example of successful people to learn finance. Today I'm 63 and thanks to God's grace, focusing on the opportunities rather than finding the excuses and reasons why I should not succeed, I'm living the American dream rather than the American nightmare.
But the government has plenty of funds for the newcomers crossing illegally right, disgusting!
For the “blue no matter who” crazies,
NO SYMPATHY FOR YOU!!!!
😊
The light at the end of the tunnel is the end of the tunnel
Why does ss take 30% for retiring at 62…? Jus give the full amount at 62.
I hear stories about retired people eating pet food in the 1950's. I decided to plan for my retirement and retired in 2014 with a very good pension plan. I spoke to my friends about planning for retirement and almost no cared about retirement income. I belong to the baby boomer generation who tended to be selfish and no one will take care of you now.
Save people save !!!! Also have a pension like me 😊
So still having a mortgage and car payment in your 70s isn't optimal? Got it.
Retirement doesn't exist😮😮😮
FJB
I know I’m going to be working until I die…if robots and ai don’t take those jobs. If so, I guess I’ll end up on the street and die in the gutter. Cheery thoughts on a Saturday.
You need to downsize move get rid of the mortgage live in 55 and older community uber when necessary why put all that stress on yourselves
These are the same people that will come into my serving job and ask me what I “actually want to be doing with my life” lol ok grandpa I make $50-70/hr
It’s a buncha Stephen paddocks in the making if they don’t fix it.
The consumption of hemlock is an excellent solution when finances are poor
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit