When I'm 65 | Full Documentary
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- Опубликовано: 8 фев 2025
- Explore how our financial and lifestyle choices today will affect our quality of life in retirement. Using case studies, engaging animations, and lively expert interviews, "When I'm 65" looks at how aspirations and financial planning for retirement have changed. Original airdate 1/25/16
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
Vivian Jean Wilhelm 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.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Am 58 retiring next year but the thought of retirement gives me weakness. 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 never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
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.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. 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.
When I'm 65 I will no longer have a mortgage....that's a huge part of my retirement plan!
Then sell that house, and move to something smaller and easier to manage.
Other than lowering expenses, how would that sustainably help?
@@bretgalloway1686 Uh Bret that’s the whole point? Why do you need more? If you’ve got a 2k mortgage and pay it off that’s $24,000 a year you don’t have to worry about.
Before you or someone else says it, yes I know you can make more in the market.
@@StellaPlayss - I'm all for paying off the mortgage. But that's not nearly enough to retire. Social security only coveres about 30-40% of your income. The mortgage in my case, at least, is only about 15% of my expenses. So in my case I'd still be left to figure out another 35-45% of my income just to maintain the standard of living I'm accustomed to (middle class). I know the percentages are different per person. But in no circumstance would a paid off house & a social security check cover 100% of their income while maintaining their same standard of living. They'd either have to continue working part-time OR lower their standard of living. In either case, that's not true retirement.
@@bretgalloway1686 OP didn’t say it was the entire plan. Just part of it.
People can and do live on their social security all the time 😅. Just wouldn’t recommend it, lol.
I retired in 2017 and rejoined the Peace Corps. Travel, housing, medical, dental, and vision were all covered. I served in Armenia (2017/19) and then Ethiopia (2019/2020 - Peace Corps worldwide COVID evacuation). I am now serving with AmeriCorps, in Alaska. This means, my retirement funding has been able to sit and grow for five years. For seniors, service can be the key.
Thanks for this tip; checking into it/my parents attempted to join Peace Corp; when they first retired.
That's an exciting possibility. How is Healthcare in these locations?
Sounds like fun.
I retired in 2015 at 56 and called it quits. Travel and grandkids…no interest in anything else.
Ghetto Girl Travels ❤️❤️!! I’m an ex PCV and always thought the older volunteers were the best! I had hoped to do the same but (for those interested) financial debt is excluding me. Blessings my friend 🤗
I do not have a pension. I started Soc Sec last year at age 66. I must continue to work. This year, planning for a double hip replacement over the next several months. Grateful I can afford to take time off for recovery. Best wishes to everyone.
I'm praying for your complete and successful recovery. I had one hip surgery that left me in excruciating pain 24/7 for yrs then had it redone (one pin, one replacement, both due to osteo necrosis) and was left both crippled and deformed, having to use a walker all the time (now 7+ yrs later and nobody would redo it). Necrosis usually hits young athletes not middle aged folks or so I'm told. Maybe it was swimming everyday--before the surgeries, of course, bc swimming wasn't possible afterward.
Bless you a thousand times.
@@grandmalovesmebest Wow. You have certainly been through a lot. Blessings to you for your good health a thousand times.
Good thing you don't have big savings because it would had been wiped out with your double hip replacement. People has to realize that having a saving outside of retirement accounts will likely disqualify you for any financial help.
@@grandmalovesmebest I had both hips successfully replaced in 2022. The first one was traumatic due to poor pain management. I did not go home for 2 1/2 weeks. Horrifying. My second hip 5 months later, different surgeon and anesthesiologist, was easy peasy. I am doing well now, two years later. Gratitude.
Pension and social security, and still working? What happened
65 years comes real fast. So do not think you have time at any age. Its right around the corner.
SHOCKINGLY FAST! I was in my early 40s yesterday! Sigh.
Suicides of the elderly has increased with pension cuts.
my father retired early at 58 after 35 years of being an educator. Him and my mother lived above their means the next 10 years and blew through a balloon payout pension. They both passed away with substantial debt and it fell in my lap. Please get your affairs in order.
Sorry to hear -its happened to friends I know. Then, sometimes rebellious teenagers can suck huge amounts of savings, too -for rehab, etc. This has happened to friends and family. Glad my 4 kids were not such a financial burden. Glad my 3 siblings and I are able to share the expenses of financially helping my mom. Yeah, I’ve known people that have nearly been wiped out financially due to family. 🙁
Why are you responsible for your parents debt?
I do not understand why people can't live within their means. I live within my means and enjoying retirement to it's fullest
Why are their debts your problem?
@@Margaritaville111 Because the companies said it was, then 'E' signed something essentially saying they agreed and would pay it. Don't believe everything you're told, if they didn't sign the companies would be unable to collect it.
I am 66 and will continue to work for as long as I am physically able. I am drawing social security and also contributing to social security for current and future retirees. Working helps me feel younger, healthier, and happier.
I'm sorry you're retiring didn't work out very good
@@johnjaco5544 I would have thought it implied he chose to continue to do so. At least it is smarter to keep working/saving while you're able to. Versus retiring ASAP, not much luck talking to your family, and finding a tough job market should you run low on assets. Although I'm also sympathetic to the view my dad (70) probably thought it better to retire now than have somebody 40 (maybe even 50) years younger than you thinking you know how to do a job (his case accounting) better than you do.
Smart man!!
@deebee4622
Lucky you, but unfortunately an awful lot of people won't be able to keep working, due to health problems, bad back, repetitive strain injuries and other health problems, and because they can only do manual jobs which are very physically demanding. So what will happen then, this is a massive crisis in the making for the future. Surely in a civilised society, especially one that's extremely rich we should look after the vulnerable , the poor and less well off in our societies. Instead the rich are getting richer and we are getting poorer, big corporate businesses aren't paying enough tax and are making big profits at our expense
For some people it keeps them happy. I’d that’s your cup of tea, go for it.
There’s no one right way to retire.
I graduated HS in '86. I went to college for a two-year degree. I realized I would be working for engineers with my degree. So I received a BSME. Best young person decision I made. My wife and I are debt free. I plan to retire at 60. We have two boys graduating college debt free in degrees that will not having them move back home, longer than the holidays. We spend less than we make and we drive older reliable cars. Never wanted more that we needed. Invested steadily over the years in index funds. Raising kids to be self sufficient is a benefit to all of us.
Sounds like a Dave Ramsey plan .. 🤔
You’re lucky you are older. A young person today couldn’t get by with a two year degree and expect a career
The formula is simple: spend less than what you earn, invest the difference, rinse & repeat.
A diversified portfolio is good like an index fund I.e. s&p500 but add property as well
What about the people who have barley scraped by their whole life with a shifty low wage jobs. This doc is about middle class people!
@@thomasblackmon5722 BS. I’m on below the living wage but work overtime to supplement my income
@@Swanseaguy1979 "I was poor and I made it so every other poor person is just lazy and should starve!"
@@thomasblackmon5722 first invest in yourself.
My husband and I saved and saved until it hurt and were able to retire early 59 and 56 ... We now live peacefully in Europe
😂
Congrats. Best of luck to you both
I hope you're still earning money though...
Europe is expensive.What part of europe did you retire?
@@razorsharplifestyle101hard9Europe is diverse and there are lots of places that have a much lower cost of living compared to the highest cost of living places. Eastern Europe often falles into this category and you can find many quality places to live there.
So glad I am healthy @ 65. Still working and saving while helping others.
50 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.
Right alongside you. No debt, early retirement. Children are well-cared for. On 11 acres overlooking the river valley, I'm constructing the house of my dreams. There are many methods to get rich right now, but only real-time professionals are capable of making such high-volume, near-perfect transactions.
@@MatthewVinson That's right, I began investing sometime in 2018 and by the end of 2021, I had earned a profit of over $750,000 with no prior investing experience or skill. Instead, I merely followed the instructions provided by my financial advisor, proving that you don't have to be an expert investor or put in a lot of effort; all you need is a professional who can mentor and guide you.
@@Ammo-Hoarder I'm glad I stumbled upon this discussion. If you don't mind, could you tell me the name of the financial advisor who helps you with your investments and how I could contact them?
Having an advisor is essential for portfolio growth and wealth creation through the stocks market. My advisor is "LISA ELLEN SHAW" who is easily searchable and has extensive knowledge of the financial markets.
@@kashkat987 That mother blanking wh*** Lisa Ellen Shaw. She cost me everything. EVERYTHING !!! Run like the wind, Kathleen. Whatever you do, do NOT invest with Miss "Charlton Shaw". Just a crook all around.
I've been looked at as strange because I've been obsessed with retirement since the age of 18. Now 53, I'm still working obsessively to secure a strong retirement
Only 30-40% people reach 65 btw. So try appreciate the current while also planning for the future.
@@befree9579 Incorrect - some 70% of people in U.S. die after age 65.
You failed homie, should've bought some real estate and held it for 10 years in your thirties or forties at least. Then you wouldn't have to work in your fifties.
You've been planning a retirement for 35 years and still haven't reached it?
I have always worked two jobs since the age of 16. Recently retired at 62. I worked hard... not because I dreamed of being Rich, but that I didn't want to be eating cat food in retirement. I prefer regular tuna....
I started saving at 15, my goal was to be able to retire at 50 and I made it. I went ahead and worked until 57 but now I'm enjoying doing just as I please!! You really need to start early....
I'm just like you retired early and enjoying life to the fullest
Yep, time invested is more important than the amount(within reason)
Wow
When I was 40 I thought no big deal, I’ll keep working through age 70 probably. Now I’m 61 and I cannot wait to STOP working - even though I have a well-paid job, answer to almost no one, and set my own hours working from home. I am done - and crawling to the finish line at 64 or 65.
I hear you brother! ❤
Not a message everyone likes to hear, but definitely one we all need.
I don’t know where I would be, if I hadn’t married an economist/business major/cpa. My dad was on medicaid, my mom is financially helped by her children -I guess I would be like them. As it is, my husband and I are saving, try not to buy into vanity and hope to retire at 65 -God willing. I’ve already been struck with cancer (3 years clear) and with age, we are both losing strength and vigor -retiring early will be our chance to enjoy our freedom soon.
The arithmetic worked out for my hubby and I. We retired at 68, and 63, and saved more than enough with the help of mutual funds. 401k,403b, IRAs. Save people, save and stop buying stuff/junk. Do travel though.
Most of the population just wants instant gratification, good job planning ahead
Try travelling within the US though, keep the dollars here that is part of the problem!
@@TheSmartLawyer forget that
This is my plan. We are frugal, but comfortable. We also travel somewhere far at least once a year.
I wish I had been smart sooner, but I'm living smart now and I think I'll be OK. I wanted to retire at 62, but now I am planning to wait until 67. That's the price of not planning sooner.
You recognize what you did wrong and what you will have to do now. Adapt and overcome.
I hope to never retire and always have a job of one type or another.
Retirees at 65 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.
Am looking to switch jobs and I am seriously considering getting a wealth manager for the money in my retirement account. Am thankfully getting good consistent returns but maybe a wealth manager can suggest ways to push me from the 24 percent am getting now into the 30s or higher.
@@carollyntnot if it’s bitcoin
@@CaraMarie13 please realize 30% annualized returns are not realistic.
Dont feel bad. I do not think that in the future, the 401K will provide the returns it has in the past.
While everyone was buying the latest greatest stuff. I was saving money. Now 56 my house is paid off I have the security of money in the bank.
Are you planning for communal living for your late 60s and selling your home once you reach your 70s?
Thank you. Just what I needed to watch.
My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 57, wife is 52. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $800k.
you should consider financial planning.
I totally agree, I'm 60 and newly retired with about $820K outside retirement funds, no debt, and very small dollars in retirement funds compared to my portfolio balance over the past 3 years till date. tbh, the role of an advisor can only be overlooked, not denied. just have to do your research in finding a reputable one.
@@TomD226 The advisor that guides me is Laurel Dell Sroufe, most likely the internet is where to find her basic info, just search her name. She's established.
@@TomD226 Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start the year on a woodnote financially..
I just retired after 50 years of constant nose-to-the-daily-grind! After raising 3 daughters, multiple divorces, & other unexpected life-events, i came up short of my FullPlannedRetirementFunds! However, my SocialSecurity with my Pension keeps me in good shape, because I eliminated all my mortgage & debt. The 401k employer-matching contributions was also one of the best decisions I ever made! It all adds up in the long-run...
Move to Queretaro. I did at 79 in 2021.
The co i worked at 19 yrs. Changed my title. Then told me a month later, they no longer need my position! And I was not making big money at all. So after trying to find a job at 58... I went to retail, minimum wage.
I put all my hopes in the Creator to help me. And it is only thing we can really do.
My dream of retiring early went out the window. Working to full retirement at 67.7 I really do not see myself as being able to do.
Now we have a market that is in a full correction. So until this levels out, we all wait in the "balance".
This documentery was released in 2016.
I grew up poor, so have been paying myself first for over 45 years. SS, savings, and (fortunately) a small pension,. Plan to retire in a few months.
Im 21, I am blessed to hear this in my early years. Thank you for everyone part of this.
You would not do anything about it though
@@oneupper7602 I'm a working student man. It gave me drive to save more for my future. Besides Im not american, retirement plan is not a thing for third world countries like mine. It gave me insight to the things third world countries are not too much aware about.
@@arcane9552 Well done, and good luck!
I watch these videos and wonder how we will possibly survive in the developing world. It's good that neighbourly kindness still exists.
Great documentary! I retired from my aluminum manufacturing company at 54 and live debt free from my passive income portfolio.
....typing this while I sit by my pool at my paid off home in Florida.
With planning and strategies, you can definitely do this!
My colleague Ed started taking social security benefits at 70 to maximize his monthly payment. He died 6 months later.
Talk about a heartwarming story 😂
@@souslesbombes
Obv meant as warning to think twice when you take SS.
My mom did the same thing! Died 8 weeks before turning 70. Never got a cent of her social security
I’m not taking it at 62 getting a 30% hair cut either. Will take it at 65
Health and wealth goes together. If he didn't die from an accident he might have been unhealthy. One has to eat healthy, exercise and stay safe from accidents. Don't engage in risky behaviors..
My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
Considering the increased complexity since the 2008 crash and COVID, I suggest diversifying your financial portfolio. I hired an advisor and successfully grew my portfolio by over $150K during this turbulent market using defensive strategies that protect and profit from market fluctuations.
Only God knows our termination date. One can estimate based on our family longevity records. 99 is a long time to go after retiring at 62.
Come work with me, I could use the help.
The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Forget about retiring. I am supporting my surviving parent. I don’t think I can even afford to start a family.
Same both with both parents who are divorced.
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.
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 $23k 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.
@@edward.abraham I think this is something I should do, but i have been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
@@edward.abraham Thank you for this information. I kinda have an existing portfolio I want to transfer, and I want to build a portfolio for my wife. Do you suppose she offers that service?
@@hunter-bourke21
I agree, my self directed individual ROTH acct is doing far better than my company. 403B retirement (very limited choices).
Detroit Public TV I realize this old video I retired at age 57 this year is my 8th year being retired but I paid off all debts before I retired. So far so good thanks for the upload video.
One thing they didn’t mention about annuities is how can the insurance company afford to give you those consistent returns? It’s because they’re making more than that in the market. If you set up your retirement correctly, you should be able to essentially create your own annuity.
it is mostly because some people die early and they can give some of that to you, and keep the rest for themselves; only a bit is market return.
also, they can buy big buildings, use a part of the building, and make rent money off the rest.
What does "correctly" means is unclear and ever changing. Even if you do your homework luck affects your returns considerably.
Everybody should watch this documentary... so helpful.
Yah…
When I was 18 my boss gave me great advice. He say, you have to stop living check to check ASAP. Now in my mid 40s, I'll be okay if I don't get another W2 paycheck for the rest of my life. I had to say no to lots of purchases and yes to 60 hour work weeks. Front load your savings and invest.
I was lucky to have an older coworker show me good advice to start saving for retirement early and it will grow a lot. Very appreciated of that advice. Feel better about the future vs the bad habits of my parents.
I was clueless starting out after college. Luckily I was able to teach myself about finance/investment in my late 30's. My parents and siblings are risk averse people. It is hard to break free from the mindset. it takes courage to do real estate and stock investments. Now, I can retire early if I want. But I prefer to work as long as I can. Working is exciting for me.
All this comes down to information, education and discipline. As usual.
The money that used to go for pensions is now funneled to shareholders as profits. One of the many reasons why, since Reagan, the middle class has gotten poorer while the rich get-- well, "richer" is an understatement!
duh!. why are you not a shareholder?
Most getting funneled straight to CEO's pocket!
Trickle up economics
The death of unions is the death of secure retirement. Passing the buck to workers is a cop out.
Amd if you were a stock holder you would complain that your profits were being funneled to the pensions.
You cannot have it both ways
My condolences to anyone like myself retiring this year with all the commotion from inflation, first its gas and next up is food. 30years of nonstop work just to have a crooked system swallow all your earnings over a war you had nothing to do with.
Best bet for anyone with a brain is to get in on a passive income stream while you still can, doesn't matter which one it is just get on it and stay committed, things are getting dicey and the sad part it loads of people wont notice how bad it is till its too late. Be your own retirement plan.
@Johnfontaine that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Johnfontaine
The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees drain your portfolio. Is this the case with yours too?
The Fed has sealed our fate
@@robstark7161 What in the RUclips bots is going on here.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
it's all hype! best to ignore the trend at the moment whether bullish or bearish, and stick to a proper trading plan preferably with expertise assistance.
@@AshtonGrace Yeah, more reason I enjoy my day to day market decisions is that I'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $1.5m in return on investment, since using a coach 2years and counting.
@@MariusNatt talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
@@ReidCoffman1 I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, "Maria Teresa Tyler" turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
@@MariusNatt I invested via Maria Tyler. That B**** cost me everything I had. Everything. I am ruined now due to that w****'s suggestions.
I’m turning 40 in a month and wife at 35 and even with a good situation of our house is paid off, 0 debt of any kind, and maxing out our retirement accounts, funding our two kids 529s, it feels impossible to retire by 55. I don’t want to work full time past 55 and don’t mind working part time from 55-65 but it feels so hard to retire especially with healthcare costs.
my condolences for arranging your life to be in a job you don't enjoy doing full time.
If you are maxing out your retirement accounts...how does it feel impossible? I'm only 30 and maxing out our HSA, 457B plan, and my Roth IRA while my wife is doing ~15% in her 401K. As long as the market continues to average 9+% over the next 25 years, we should have over $4 million (actually projecting closer to $6.5 million with previous investments also calculated in). I'm pretty sure we won't be needing all of that but will play around with when we want to retire and family expenses along the way. With both of you maxing out retirement accounts, I wouldn't think it would be impossible at all, even with adjusting for inflation etc.
@@zachhecksel2920 I sure hope you are right.
@@eplugplay8409buy Google, Amazon, and Tesla and hold until you retire.
Your wife has "other" retirement plans. (Divorce). Of course you'll be the last to know.
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals??
keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory
First, fire your financial advisor. Then do minimal research to identify an index fund that tracks the SP500 with low expense ratio. Put your money there, keep contributing, and don’t pull it out no matter what. Don’t move the money. Don’t cash it out. Just don’t touch it for 40 years. You will be set.
I'm now retired and feel decently comfortable with where I am at. I followed virtually all the advice in this video throughout my working years. While I thought that the advice given here was good, the video misses an incredibly important point. My retired friends and I largely agree that we will be the last generation to be able to retire at a decent age. Young people will likely work their entire life. That's because their wages on a relative scale are lower than ours. Plus, major costs are considerably higher.
For example, when I was in college I worked at UPS loading trucks in the middle of the night. In 1978, starting wage was $7.05. It today's money that would be over $30/hr. That was the starting wage! Yet, UPS nowadays only pays their employees much, much lower on a relative basis. They've lost over 65% of their purchasing power. Nobody can survive that.
That's only one example, but the real issue for most people is that their wages aren't high enough - and there's probably not a lot they can do about it. On the cost side, health care costs have been rising at 9% per year averaged over the last 30 years. Housing is also much more expensive.
I would expect a major political pushback in the near future as the younger generation matures and their numbers become large enough they can do something about it.
Agree. Wages don't keep up with cost of living. In HS and College, I worked as a machinist making 10 dollars and hour and by end of College was making 14 dollars per hour in 1981.I could buy groceries for a week on 20 dollars. Well today manufacturing in my area only pays 14 dollars an hour. And they expect people to get excited by these wages. With cost of living being 4 times higher then in 1981, 14 dollars today is starvation wages. No way you can save or get ahead.
@@johnd4348The real minimum was now is $18.00.
So what country are you living in? I'm retired now in South Africa where the dollar is strong. I get 18 South African Rand for each American dollar. It's one way to stay afloat....
Wow. Talk about a negative mindset. So from what I've gathered from your input is me being a working age individual at 46...I will not be able to retire because...my job doesn't pay enough, and there is no way out..no alternative, no possible way to make more, no need to maybe aquire new job skills. So just sit back and suck my thumb and cry about it. I notice your comfortably retired sitting on your wrinkly old ass, your not an expert...so STFU!
So what will happen to those poor unfortunate people when they can no longer continue to work due to their health failing. Back problems, repetitive strain injuries etc and other health problems cause them to no longer be able to continue in work because of the very physical nature of the jobs they can actually do etc. Something really needs to change, this capatalist system we currently have where the rich and wealthy are getting richer while the rest of us get poorer isn't fair and its not sustainable especially in the longer term, it's absolutely disgusting & inhumane. We aren't animals or robots, we are fellow human beings I wouldn't even treat an animal the way some businesses are treating their employees. This is down to greed, pure and simple, corporate greed. Businesses have gotten to greedy and most no longer properly providing for their employees
The idea of "retirement" frankly scares me. I am self employed, I enjoy what I do and I plan to work until I'm no longer able to do so.
Bullish or bearish, AI stocks will still dominate 2024, even beyond. Why I prefer NVIDIA is that they are better placed to maintain long-term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or seek advice from certified market strategists.
@@JoeWilmoth-k2w No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit a 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
@@RhondaArmstrong-y4d Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
@@JuneTalley Victoria Carmen Santaella is who I work with and she is a hot topic even among financial elitists. Just browse, you’ll find her, thank me later.
@@RhondaArmstrong-y4d Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
I want to work as long as I’m in good health and happy doing my job. My dad was a doctor. He worked until he died. It’s not about money, it’s just about doing what you love. ❤
I hired a 16 year old to work for me and every time I hand her her pay check, I tell her to put away 50% similar to what I did at her age...unfortunately I can't get the message through to her despite giving her all the reasons why she should save this early on. I think our education system should emphasis personal finance/investing early on in every grade so that these teens can gradate high-school with the tools available to have a good financial future. Maybe one day!
Ask her what was the last thing she bought that really made her happy about the purchase. Then ask her how she feels about it today. Then ask her what huge purchase she wants to buy in the future like house or car or college. Then connect her past wasteful purchase to the unlikely achievement of getting that huge purchase without saving and investing.
@@onebridge7231 oh trust me. I do just that. Maybe one day it will click. I just wished I knew at that age what I knew today!
I recall taking an Economics class my senior year of high school which got me interested in investing. We were paired up and told to select stocks to "invest in" and then at the end of the class we checked the value, my partner and I won. When I got my first job I managed to save around $3000 then called Merrill Lynch cause I wanted to invest and the rep said I needed a lot more money, this was the mid 90s. Eventually when the internet went mainstream and I could do research online I was able to open a Roth IRA and been investing ever since.
@@V.E.R.O. there you go! I recall the same stock experience in high school too. I’ve just realized that not everyone is programmed the same. Some people just don’t care about financial literacy & financial independence..oh welp
@@Flipflopfinance I unfortunately went to Detroit public schools and financial literacy was never part of the curriculum. However I was automatically enrolled into a 401(k) at the age of 24. I am now 44 years old and doing coast/barista fire. Only working on Fridays. I tell anybody who will listen about saving, investing, and retiring early.
Its not a joke. Retirement is your individual responsibility. START , JUST START SAVING. ITS YOUR RESPONSIBILITY!!!!!!!!
Nobody (especially my parents) ever sat me down while growing up and told me about saving for retirement, investing, or putting something away. I got my first job when I was about 16 and didn't join a company until my early 30's that had an HR department that explained a 401K to me. At 42 I retired and haven't worked in 10 years so I made up for lost ground through some timely decisions and a great amount of luck. You can be damned sure that my kid is going to be well versed in investing from the start!
57, 3 months until retirement, pension and 457b, company provided healthcare after retiring, own my place, no debt, had done a lot of travel and active sports during working years, single/no SO, no children. I had a lot of time to contemplate my future therefore I started my retirement planning in my early thirties.
Thank goodness I live in Australia where every worker has 10% put into a fund on their behalf automatically. Last year aged 55 I decided to take time out so I quit my job and sort of retired on my savings. I learnt a couple of things. I enjoy working so have just picked up a part time job and I can burn through money faster than I thought I would!
Just watch. Your government will steal most of it from you!
We have the same in the USA
This should be mandatory to watch for students
I feel for so many that cannot retire.....fortunately at 61, I am just fine fully retired. I worked and saved very hard earlier on....now I can enjoy life.
That is the way to do it!
I lost my job when the pandemic started and during several long lockdowns I was able to practically see what is the minimum I need for food, shelter and the basics. Surprisingly it was unexpectedly much less than I thought. I will be 61 this year and while I didn’t want to retire, I can do it and I think I will. I have enough savings to frugally fund my living until 65 or even 67 when I plan to apply for social security. I am basically loving having the time for myself, be able to decide what I want to do with the time, and it would be really difficult or perhaps even impossible to go back to a job.
@@jpny4750 - Better to keep working to maintain your health and to continue to save. Don’t count on SS.
@@chicnoir29 - I don’t think there won’t be SS. It would be a suicide for either political party to cut SS. They may move the eligibility age by a year or two, or perhaps increase taxes or such, but I don’t think it will go away. My health is actually better now than when I was working - I didn’t even realize how much stress I had. And two friends my age died last year and they basically never experienced having time for themselves. I don’t want that happen to me.
@@chicnoir29 social security is only solvent until 2034!..I'm retired from state service and receive social security!..my State retirement is taxed by the federal government...but I receive a decent refund every year!...I downsized my Life, debt free, healthy, spiritual, and live within or below my means!...No health issues, meds, maintains my yearly health maintainence... mammo, teeth, GYN, heart, etc and exercise 7 days a week,and eat a flexible vegetarian way of eating!...
I’m 52 and working and home paid off…plan to still work until I no longer can work bc we will need more than what we think. My parents didn’t teach us anything but they did teach us by not spending so we picked up that.👍
Great video guy's.!! two thumbs up 👍👍 I'm 57, so this is very relevant for where I'm at in life.
"It's only when the tide goes out that we see who's been swimming naked". Lol, excellent quote to bring a little humor to a bad financial situation.
That quote is from Warren Buffett...it’s in a book written by Alice Schroeder called SNOWBALL,a great book on the man himself with lots of lessons.
Education and career advisors ,dropped the ball for many of us , my opinion !
Or the fact that most companies no longer provide a penchant for workers or sold out their pensions when they went bust while the CEOs got payoffs may also be a contributing factor
The one thing this video overlooks is whether people can afford to save for their retirement. According to a report taken in 2019, before the pandemic, 44% of Americans aged 18-64 are employed in low-wage jobs that pay median annual wages of $18,000. That is barely above the current minimum wage. When people are making such low pay - and have to raise families on their low incomes - how can they afford to put any money aside in savings?
How are 44% of americans making $18000 a year? That sounds very low, where are your sources?
@@fmar.8311 Go to Google and type "Almost half of all Americans work in Low-Wage Jobs and you will see the report.
The Statistics are skewed because of Americas demographics. Baby Boomers and Millennials are the largest demographic as Gen X was very small comparatively, but Gen X is in peak earning years as Boomers are working part time and many younger Millennials are just getting done with college and starting to earn. Of note: The largest demographic buying homes at these crazy prices are the older Millennials.
@@onebridge7231 that doesn't answer my question. you're blabbing on about something irrelevant. listen bro, don't even bother responding to this.
That sounds like an incredibly biased article. Plus it includes high schoolers and part time workers and maybe people who are too young to work.
i'm 65 and just retired with plenty of money. I just wisely invested in real estate and stocks over 40 years. Never bothered to gamble in.a casino, I gambled where I had a chance to win. I lived very cheaply for the first 10 years after I was was on my own at 18. In 8 years I started to see profits and reinvested most, but also used some to have fun. I only bought discretionary purchases with my profits, not my working income. I live very luxuriously today and don't feel I ever missed out on anything when I was younger. I also only have a GED education and never had a financial advisor.
Do you think younger people will be able to replicate this in today’s economy? My brother only has a high school diploma and he is struggling to support himself. He points out no one in our family went to college before and they are wealthy now but I just don’t see how we can follow their path. They became wealthy through buying 30,000 homes and renting them out. Now home values are 1 million. I went to college and I have a higher income than my parents or grandparents ever had but I can’t afford to buy several million dollar homes to retire off real estate. I suspect the economy has changed too much to follow what my family has always done.
@@razojacqueline Find an excuse and you will certainly fail. Some plays the victim card and others play the race card. The Japanese Americans, after they got released from relocation camps, didn't play the race or victim card and yet they became successful. You don't see them in prison or on welfare, do you?
@@howellwong11 What does that have to do with my question? My question is if people in today’s economy can still get an upper middle class lifestyle with a high school diploma. Go take your rate baiting somewhere else.
@@razojacqueline He pulled out the economy card. He will certainly not try harder because the economy is to blame.
@@razojacqueline You're right. It's a different economy today. It's easier! Easier for real estate because of platforms like zillow & low mortgage rates. Your grandkids will say the same thing about house prices today. "Grandma had cheap properties in her time now they are in the tens of millions!" Real estate will always go up in the long term. But you can still find properties in the 100k range in the midwest. Even lower. And buying stocks with todays trading platforms can never be easier. The S&P 500 has performed better annualy than in our parents era. That's why we have more millionaires today than ever. It is easier.
Most Americans will not be able to retire on $2,500 to $3,500 per month in the USA. However, there are many great countries where 2 people can live on $1,200 per month, and live very well.
Agreed! We moved to outside of America and we are leaving comfortably under $1500 per month.
Yes. That’s true. I am one of those. I retired at 58 then went home to my country. No regrets. I live comfortably with my pension.
Great video. Share this with all your friends especially the younger ones.
I started collecting social security at 62, could not continue working full time hours due to the physical strain. I am still working healthier for less stress, still I have a decent income with my social included. My employer realizes this and works with me because frankly everyone I work with is of the older variety and the youngsters are just not filling the gap.
Your employer is your modern day husband 😂
I really enjoyed this documentary
It is well done for an intro primer
It’s a good foundation
27 and doing Dave Ramsey’s baby steps. I’m on baby step 3b and 4.
I retired in 2015 at age 56. Doing just fine…no debts and I own my house outright.
Grandkids, motorcycles, and travel…that’s my life.
Nice, what is your advice?
@@sergiojimenez3445 He probably just wanted to flex
right there with you No debt is the key
@@sergiojimenez3445 maximize income and set up a structured savings/investment plan and stick to it. Don’t buy crap you don’t need.
Same here. Retired 2016 at 56 yrs old. Have three houses paid off and grown son who graduated college and earns good income. Saved 30% of my income ever since I started working after college.
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.
@@ThomasChai05Mind if I ask you to recommend this particular coach you using their service?
Credits goes to " Izella Annette Anderson " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
I thought ahead and worked 32 years for Northern Illinois University as a civil servant for the state of Illinois. I receive a state pension from the State University Retirement System. I'm 75 and have been retired since 2007. I do not get social security because my deductions went to a state retirement system and not to social security.
I worked the first 6 months of getting social security at 62 when I got injured on the job in June '21. I already had savings but that extra year of workman's comp+ SS enabled me to get some last stuff paid off and time with my family in Texas before I moved to the Philippines with my wife in our paid off home. My modest by US standards SS plus me in the high income category here. The last 13 years of my working life was trucking so the lady was just ok. Not nearly enough to keep up with the runaway inflation of the last 2 + years. I'm living a healthy, stress free live here. Others may consider the expat route too..
Smart move.
Staying healthy is very important . It increases your job opportunities to work part time to supplement your income . Health is everything , I'm 67 and could pass for 57 . Get healthy and stay healthy .
This crisis is because you load students with courses in calculus, algebra and trigonometry, but just a course on personal finance!
Cooking courses too
Excellent documentary. It comprehensively touches on all the fiscal getting-older issues. Will return to take notes.
I am watching this video because as of today 03-04-2022 I have been retired for 7 years I'll turn 65-time 2022 is over. never gave it much thought to retire but it all work out. In my world. Thank you, for this video.
Congratulations!
Darlene Atkinson....Same here, State retirement and Social security, and extra...live nice, healthy, simpler, debt free, spiritual... congrats
I’m a union worker it’s a blessing to have a death benefit, defined retirement, annuity and 401K and a reserve account they put money into and held in-hiuse credit union. I’m also buying undeveloped land and looking to purchase a house in the next couple years.
What type of work is that
Happy for all of you who made it. I hope you have equally secured your eternal life.
Best comment on RUclips. 🏆❤
Yesssss! Made a Big Deposit in my eternal life in childhood!
AMEN
I'm 74 and due many poor decisions and epilepsy I've survived but wonder if my money will last....I have no children
Communal living sounds like real life Golden Girls. It’s smart!
That is the same thing it reminded me of.
Best documentary on this subject that I've seen!
I retired at the age of 30 to start a business after working for 8 years. This was after listening to motivation speakers on purpose and all that. The worst mistake I ever made. 4 years later the business barely made it through the first year this is after putting in all my savings and being an African living in Africa, getting a job is almost impossible. Now at 34 I have no savings, not employed, nothing at all. Am just floating through life trying to pick myself up. I encourage myself with the I am young card. I've been depressed about my situation but I took up writing to encourage myself, my poetry books are up on Amazon, Inward Healing Through Words and suicide notes: before you go. If you can, grab a copy. TIA
learn how to cook or bake..or make some drinks, sell it door to door, through one market to market, sell bulk to stores or just retail to stores's employees who need cheap snack/food or at the side of the street.., bus stations, etc..That's how usually people that unfortunate in my country do.. maybe it's a little, but at least you can have some income.. And who knows people like your food/drinks and it's would be booming.. Especially if you have a stand, even it's just at the side of a street
Don't beat up on yourself. We all make mistakes. Nothing tried, nothing done.
Try something. Maybe farming? You are in Africa I believe? There is a woman who grows some delicious looking American apples. I think her farm is in Kenya. She's doing well, and she helps other people get started in the business.
She is very unselfish. Try looking her up on RUclips and see how she can help you. If you do good by her. I feel sure that good things can come your way.
Best of luck ❤😊
I am 60 years old with a side hustle earning over $80k per year and over $1 million in my retirement account. I want to build an aggressive stock portfolio for both short-term and long-term goals. What is the best strategy to use at this point?
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
I'm seeking guidance for my portfolio management. could you refer me to your advisor
I work with *Jennifer Leigh Hickman* as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
LOL
What has worked very well for me is following Dave Ramsey's' Baby Steps.
Best of luck to all.
But not all can live in ‘cheap’ real estate places. His stuf has to be tweaked a little to work for everyone. He does NOT give perfect advice for all of us. If you are out of debt - you have to look at thing from a different point of view. Nothing wrong with a 30 year loan & buying a second property because you did that & were able to save the down payment for a rental property. No car payment is a great idea though. No, the Tesla is NOT a sound financial idea.🧐
Everything requires a plan. Ramsey has some good advice
Suze Orman's, Road to Wealth, was a good book as well as Dave Ramsey's, Total Money Makeover. It worked for me. I'm debt-free.
I figured out the “magic number” when i was 16!!
I'm about to turn 39 in a few weeks, and my lack of savings (have a small nest egg from my old job 10 yrs ago and current 403B job match), and the fact that I'm divorced without kids is giving me agida. I don't feel my age, but I can see retirement coming, and I only have a few year's worth of savings to show for it.
what is agida, please?
@@DrSchor I would like to know as well.
I believe she means "agita," in other words, anxiety.
Try to aim towards a goal of minimalism the older you get along with a healthy lifestyle & just plan on doing something you like that pays decent until you can't. You'll be alright.
You can still work for another 25-30 years pal...
My family will be ok. I plan to retire with 55. I did the math and think I will be there sooner. My kids will have their portfolio to cover there future needs such as travelling or university. Good live if plannened.
Don't you hate it when they say keep working till your 65 or 70 I say retire at 62.5 and tell em all to go to hell I hate work and so do 99% of working people it sucks to work.
Ain't that the truth
What sucks is having no purpose, no goals, and no dreams. That's retirement for most people.
@@IndianOutlaw1870 I love having no purpose, no goals and no dreams. It makes me feel free.
We are all going to retire someday the only difference is some are 45 years away for others its tomorrow. 🤔 We all need to prepare for the future. 👍 People don’t plan to fail they fail to plan.
I just visited an elderly friend. She is trying to get into a retirement community in her neighborhood. She showed me the paperwork: $1 million to buy the membership and then $11,000/month, until she passes. The money is non refundable, will not go to heirs. One must be in good health to gain admission. Holy crap. Then, in my middle income neighborhood, I found out a similar place here costs $700,000 to buy in and then $7,000/month. Holy Moly.
I did a spit take when I read your post! Holy Moly Indeed!!
Annuity = guaranteed income. Wow! That's great! What happens if the insurance company backing the annuity goes bankrupt? You learn "guaranteed" does mean "guaranteed".
I do love my 401k and 457 every market crash we have had it turns around in less then 2 years. When the market goes down buy buy buy
Thank God for Housing & Food Pantries. Taxes in my state are very high but lm thankful for Social Programs. Couldnt live without em❗🙂
Use index funds whenever possible. Open a Roth IRA with a company like Vanguard, one of the low cost leaders.
I thought the same about my retirement 30 years ego Today I am 75 wow I never though to be here, I am very heathy person , eat right ,home cooking I haven’t been in a restaurant for about 7 years, I just love my cooking I put a lot of love ,yeah I have the time at 75 I walk 1.5 km every 2 o 3 days, I own my home mortgage free for 18 years now, l have a nice retirement + my investments , since I had retired now 11 years I think I am living the dream ,
Let's not sugar coat pensions. So many pension funds are tanking, and they aren't going to be paying the promised checks out.
Unless, your a federal employee with a TSP Account.
@@onebridge7231 And now, they fall again.
In my entire history of being alive, I don't think I've ever recalled there ever being a time where people weren't talking about pensions tanking.
Correctamundo. So, the word to the wise is voluntarily contribute to a Roth IRA, every pay day.
@@jaybartgis5148 exactly! 😂
I love this I am 52 and I am getting ready
Social security was put in place with the intention of covering inflation on one’s savings. It wasn’t meant to be the only source of income when someone retired.
Listen to FDR talk about social security, the whole point was to be a retirement program.
That was when people could buy a home with a low wage job and no college education
1:56 Yes, the arithmetic does work. If you save and invest just $300/month over those 40 years, at a modest average return of 8%, you'll have over $1 million saved. The key is compound interest and discipline to put that small amount away each month, which is totally doable for almost everyone (if you're willing to give up luxuries like impulse spending, subscriptions, expensive haircuts, etc, which our consumption-obsessed culture tries to tell us are essentials).
that so called million is worth about $300k in today's money with modest 3% annual inflation. People like to brag about investing for decades, not considering present value of the money. Million in 40 years is nothing.
@@Gstunfisk ……As your wages rise so will your contribution amount in real dollars to compound. 👍
@@Gstunfiska million dollars is still an amazing amount to have saved. Only 8% of Americans will ever see that amount in their 401k or IRA
@@dantheman6607what is worth in today's money is what matters. is $300k a lot? depends on who you ask.
52 year old uk resident who listened to my dad who kept telling me , bricks and mortar, I've been finished work nearly 2 years with 40 properties owned outright all with tenants paying their rents, enjoying my life 😀👍
Great job. I’m 55 probably I could retire if not for health insurance in US. I made average salary management in construction. Married, raise 3 successful children, instilled fiscal,responsibility, discipline and investing. We always saved and invested 10% - 20% through the years, the family never was in want , but we always lived within our means. Now have 7 rentals, 1.2 m retirement, home and vehicles all paid off.
You did good for retiring at what used to be retirement age when I was a kid. My neighbor accumulated 33 properties from the mid 70s until he retired. All paid off. Excellent monthly rental income of about $50,000. He's about 75 years old so you beat him on the age.
Farm land has been a good investment. Index funds has worked for me. Company 401ks and a small pension has worked out for me too. Living frugally, avoiding debt, and paying an honest tithes and offerings also has worked out for me. Eating healthy and avoiding addictive substances like coffee, tea, tobacco, alcohol, drugs and not abusing prescription drugs has wotked out for me too. Having brick and mortar investments good as long its not in Ukraine getting leveled by Putin. Some times we take good times of peace and prosperity for granted. There are always it seems evil times ,evil people in the world to screw things up unfortunately. Thankful for living in the good old USA. We pray this mad man Putin will be stopped. Perhaps he can come to his senses and stop this war. My father and brothers served in the military and thankful for their service to God and country.
Glad you took advantage of property as investment but it’s a big contributor to why it’s so tough for people to buy houses today. Property should never be an investment vehicle. Just my opinion. No hate.
This was good. Thoroughly enjoyed!
You should look at a market downturn as a good thing. When markets crash it's time to double down. If you do that with enough money you'll be rich.
The notion that an annuity is entirely insulated from the stock market is false. To prove my point just look back at 2008 when AIG collapsed.
Diversity your portfolio
In UK, in the event of another AIG colapse, UK government will back up annuity, in full.
My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
I’m 77 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
"Rebecca Nassar Dunne" is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Found her webpage, I wrote her an email and scheduled a call. Hopefully she responds. Thank you.