Thanks for watching! 🥳 We haven't covered pensions in a few weeks. If you have any questions relating to your pension plan or even your 401k plan, let us know!
For strategies with a pension, I’m liking the idea of 36 months cash and everything else in the portfolio in stocks because income is more or less covered with the pension. Seems like it would be relatively safe from sequence of returns because you have such a long cash runway with income from the pension and very likely some dividends.
I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I hate my job but can't leave because of I won't get my state pension. What do you think about doing a 70/30 stocks bond ratio?
I would avoid the index funds, mutual funds, or specific stocks for the time being. 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery
At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
Generally speaking, a good number of people discredit the effectiveness of financial advisor in planning for retirement, For over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but retirement doesn’t seem so farfetched anymore.
@@mariaguerrero08Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
My CFA ’Izella Annette Anderson’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.
I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Carol Vivian Constable 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'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
Due to some early decisions I made. When I retire I will have a full Pension, I’m also close to maxing out my 401-k, I also have a personal IRA that I fully fund every year, recently started devoting spar $ to a brokerage account. After expenses every month I live on about 25% of my salary You can have a comfortable retirement if you plan well, eliminate every cent of debt, and not participate on consumerism
I am 44 and homeless and staying in a shelter. I have a job at a bakery. I get 2 checks a month. Both checks are 900.00. How should I save for retirement?? No significant other. No spouse. No kids. 98 percent of my family is dead.
Start with opening a brokerage account at vanguard and put money in an etf voo, then open an Ira roth. Google the f.o.o, financial order of operations from the money guy
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
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.
Without knowing your full situation.. 1) Zoom out and look at the markets. The day to day headlines and movement can be stressful. It's totally normal to stress the markets but I would then say 2) Stress test your retirement plan. If you can run your full plan through a few different scenarios that may help calm some nerves. :) Appreciate you watching!
It's understandable to feel concerned about the impact of high prices on your retirement plan, especially with the current economic uncertainties. Here are some insights to help address your worries
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
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Thanks for watching! 🥳 We haven't covered pensions in a few weeks. If you have any questions relating to your pension plan or even your 401k plan, let us know!
For strategies with a pension, I’m liking the idea of 36 months cash and everything else in the portfolio in stocks because income is more or less covered with the pension. Seems like it would be relatively safe from sequence of returns because you have such a long cash runway with income from the pension and very likely some dividends.
Really nice and informative video!! Could you cover the same situation for single retiree with no COLA pension? Thanks.
I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I hate my job but can't leave because of I won't get my state pension. What do you think about doing a 70/30 stocks bond ratio?
I would avoid the index funds, mutual funds, or specific stocks for the time being. 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery
At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
Generally speaking, a good number of people discredit the effectiveness of financial advisor in planning for retirement, For over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but retirement doesn’t seem so farfetched anymore.
@@mariaguerrero08Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
My CFA ’Izella Annette Anderson’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.
I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Who is your advsor please? if you don't mind me asking
Carol Vivian Constable 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'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@ArabellaBeatrice-099 That's actually quite impressive
@@Freddie-09 My advisor is Victoria Carmen Santaella;
You can look her up online
Nah I Can't say I can relate, Victoria Carmen Santaella charge is one-off and pretty reasonable when compared to what I benefit in returns.
Due to some early decisions I made. When I retire I will have a full Pension, I’m also close to maxing out my 401-k, I also have a personal IRA that I fully fund every year, recently started devoting spar $ to a brokerage account.
After expenses every month I live on about 25% of my salary
You can have a comfortable retirement if you plan well, eliminate every cent of debt, and not participate on consumerism
I have a pension and a 457K plan. I can withdraw the money at 55 instead of 59 1/2 years old.
Thank you
It's like you were looking at my accounts before this video. Thanks!
Oh lucky guess! Glad that worked out for you! 🙏
Nice ending, I approve 👍 😎
I am 44 and homeless and staying in a shelter. I have a job at a bakery. I get 2 checks a month. Both checks are 900.00. How should I save for retirement?? No significant other. No spouse. No kids. 98 percent of my family is dead.
Start with opening a brokerage account at vanguard and put money in an etf voo, then open an Ira roth. Google the f.o.o, financial order of operations from the money guy
Thanks Eric great advice
Thanks, Bruce!! :)
Funny you brought up older retired people and news. That seems like every retired person ever. 😅
Ha! It does seem like a hobby of a lot of retirees these days!
Nice, Eric! 💪
Thanks! Get back to work :)
401k with pension and some real estate rental
LOL...I'm going to have two pensions...no 401K. retirement income is set, but flexibility is an issue...gonna be fun!
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
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.
Without knowing your full situation.. 1) Zoom out and look at the markets. The day to day headlines and movement can be stressful. It's totally normal to stress the markets but I would then say 2) Stress test your retirement plan. If you can run your full plan through a few different scenarios that may help calm some nerves. :) Appreciate you watching!
I have a federal pension with COLA, with 50% survivor benefit for the wife
It's understandable to feel concerned about the impact of high prices on your retirement plan, especially with the current economic uncertainties. Here are some insights to help address your worries
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
I want to say thank you to the guy in the comments who recommended Eledator to me. You've been very helpful. Thank you!
wow learned nothing alot of hot air.
Wow! Good for you. You know your stuff. Keep it up! 🧠