One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.

@mikeroper353

13 күн бұрын

You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

@PatrickLloyd-

13 күн бұрын

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

@PhilipDunk

13 күн бұрын

Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?

@PatrickLloyd-

13 күн бұрын

'Amber Dawn Brummit' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@PhilipDunk

13 күн бұрын

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Coin that will align with my risk tolerance and financial goals

@Benedictrud

3 күн бұрын

While the market is promising, expert guidance is essential for effective portfolio management.

@kurtKking

3 күн бұрын

Opting for an inves-tment advisr is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022

@AmithKaury

3 күн бұрын

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

@kurtKking

3 күн бұрын

MICHELE KATHERINE SINGH is a hot topic even among financial elitist . Just browse, you’d find her, thank me later.

@AmithKaury

3 күн бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her

Companies are determining retirement age. They start figuring out how to get rid of employees when they reach 50

@cryptopunk888

27 күн бұрын

Exactly! I know so many 50ish people getting laid off. Once cut, it’s very hard to find a new job for those 50+

@billmoyer3254

27 күн бұрын

If you are working for someone else, that's the main problem. Look for no one to act in your best interests. Do something about it or be a victim.

@weirdshibainu

27 күн бұрын

@@billmoyer3254 Poorly constructed statement

@ddduva4440

26 күн бұрын

Truth

@daw7773

26 күн бұрын

@@weirdshibainu I agree with your statement because he seems naive and makes life economic success based on perhaps owning/starting a business…. 65% failure rate after 10 years in the US.

Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.

@NicoleBarker-he2vp

18 күн бұрын

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.

@RossiPopa

18 күн бұрын

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

@FusunTumsavas-cq7tp

18 күн бұрын

Hope you don't mind if I ask you to recommend this particular professional you use their service?

@RossiPopa

18 күн бұрын

Monica Shawn Marti 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.

@FusunTumsavas-cq7tp

18 күн бұрын

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

@FaithAndrada-xo9ou

17 күн бұрын

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@Raymondcraw1967RaymondCrawley

17 күн бұрын

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.

@AndersonFair-cy2bb

17 күн бұрын

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

@Raymondcraw1967RaymondCrawley

17 күн бұрын

Rachel Sarah Parrish 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.

@AndersonFair-cy2bb

17 күн бұрын

She looks to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

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.

@JermaineW.Hoskins

22 күн бұрын

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.

@user-eg2sj8lw1p

22 күн бұрын

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.

@Henry-hp3kl

22 күн бұрын

Mind if I ask you to recommend this particular coach to you using their service?

@user-eg2sj8lw1p

22 күн бұрын

Leticia Zavala Perkins, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@VictorB.Henrickson

22 күн бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

Thank you for this. I was pushed out my job at 62. Luckily I live a prudent life, saved regularly, and so am financially okay. Employers don’t want older people around. They prefer young people who will work for little money and promises of future promotions.

@dennistyler9852

17 күн бұрын

Push me at 62 and I’ll draw unemployment while collecting Social Security. All the best.

Everyone is getting duped thinking that it's necessary to work longer. If you enjoy working, more power to you. Reality is most jobs out there are not that interesting or exciting enough. Live within your means, exercise, volunteer, enjoy your family.

@fitfrog65

26 күн бұрын

I love my job is a great lie. People work into old age because they were not prudent.

@chrishart8548

26 күн бұрын

I wish people would live within there means they don't seem to. They don't exercise much either. But I don't see how we can force them to do either of these things

@steveg6978

25 күн бұрын

KZread John Bogle

@geoffmcarthy7314

25 күн бұрын

Quite working as soon as you can

@dennistyler9852

25 күн бұрын

It cost money to work the 5 day work week. I’m going to work 2 six hour days. That’s it…

100%. I watched my parents and their entire social circle “get retired”

We just went through a layoff (65 employees) that I saw the list of exiting employees. Almost every single one was over 50.

@gregorylyon1004

26 күн бұрын

Men do the same thing in marriage. They trade in their 45 year old wife for a 25 year old

@acs4410

26 күн бұрын

Sad 😢

@dennistyler9852

25 күн бұрын

Sounds like work place discrimination against the elderly. Sounds like a class action lawsuit. I believe General Mills pulled that and they got sued. Plenty Companies do.

@IowaRobb

25 күн бұрын

Deere?

@dennistyler9852

25 күн бұрын

Maybe a class action lawsuit against age discrimination…

It doesn't take age to retire, it takes money. People need to realize this, start saving at an early age, and you can retire at an early age.

@user-tl7mj2bm4m

19 күн бұрын

Truth....if you START early....you WILL be able to retire...and when you start your contributions at your first real job - start out at 15% immediately and then raise it until you get to 20%....

@mocheen4837

17 күн бұрын

I started my kids early. They both opened Roth IRAs in high school and both had $10,000 in their accounts and another $10,000 in savings. They both work while attending college and still contribute monthly. They are both straight A students with STEM majors.

I don't know if this is a joke or not but if it is true, then that's the American dream come true for him. Same here. I am 53 and retired at 50. One thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real estate and I am now a Limited Partner in about 3500+ units. I do not work.

@MelissaHobbs-qm8wi

20 күн бұрын

I only contribute 5% to get the full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.

@ScottLarrry

20 күн бұрын

My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security.

@ScottLarrry

20 күн бұрын

An observation on 401Ks is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.

@JessicaKeith-uj1jq

20 күн бұрын

If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.

@OliverLiam-px3vx

20 күн бұрын

I learned about government actions from Desiree Ruth Hoffman. Ms. Hoffman explained the benefits of long-term Treasuries and alternative investments, which the government doesn't disclose.

I was "retired early" and despite having a strong resume , appear 10 years younger than my age, in great physical shape.....can't get a job. I have countless friends in the same boat. The simple fact is that 99 percent of people that aren't getting government level pensions, cannot save enough for retirement when the forced retirement age is 50. Increasing the retirement age as proposed by Fink would do noting but impoverish millions of Americans while making the hedge funds even wealthier.

@ddduva4440

26 күн бұрын

You’re not the only one.

@fitfrog65

26 күн бұрын

I retired at 49. Save as much as possible and never marry a housewife. Males are better off being single. BTW-I'm happily married, my wife always worked and paid her share.

@sippingtea4743

26 күн бұрын

@@fitfrog65housewife here…. Husband never made a lot. Regardless we put in 15% in his 401k beginning at his age 25. We now have $2.2 MM and no debt. It can be done if you are intentional and our family life as a result of me being a stay at home mom and cheerleader of my husband is priceless. So either way works.

@sippingtea4743

26 күн бұрын

@@fitfrog65housewife here…. Husband never made a lot. Regardless we put in 15% in his 401k beginning at his age 25. We now have $2.2 MM and no debt. It can be done if you are intentional and our family life as a result of me being a stay at home mom and cheerleader of my husband is priceless. So either way works.

@Dweeble233

5 күн бұрын

​@@fitfrog65ideally make sure your wife earns as much or MORE than you. That way should you divorce its more equitable.

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

@marlisamirabal

27 күн бұрын

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

@softy-bf5eg

27 күн бұрын

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

@TitaAnderson

27 күн бұрын

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

@softy-bf5eg

27 күн бұрын

Just research the name Angela Lynn Schilling. You’d find necessary details to work with a correspondence to set up an appointment.

@TitaAnderson

27 күн бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

People can't save in the 20s and 30s because they are paying student loans. Imagine if we actually push back on the cost of college tuition and ask why does it cost $50k+/yr to sit large 200-300 student auditoriums where the adjunct professor and TA are getting minimum wage? College should cost a 10th of what it does if we get rid of all the bureaucracy/administrators and focus only on teaching useful curriculum. If young people could put away the money they pay for student loans towards a retirement, add compounding to that, and retirement problem would largely be solved.

@transitengineer

25 күн бұрын

I went to college in the early 1980's, and earned my B.S. in Electrical Engineering. I was a commute student living at home with my parents so, my only expense was for tuition (because, there was no need for a dorm room or a meal plan) which, cost for an in-state North Carolina student at that time about $950 per year (or $475 per semester). Also, at my college your tuition also included a fee to rent all of your hardback text-books. So, I do not understand going deep into debit to pay for a college degree (smile...smile).

@ParisianThinker

22 күн бұрын

College is free or almost so elsewhere.

@transitengineer

21 күн бұрын

@@ParisianThinker Yes, you are correct in many places the Public colleges are free. However, for admission you normally have to complete by taking an exam and , I always score very poorly on any standardized exam (smile...smile).

@elisabethdorrer4831

21 күн бұрын

Learn languages, study in Europe cheaply or for free. My conference interpreter's degree was for free in 1978-1983 and lrd sttraight to a wonderful and well-paid freelance career. University in Germany is still free 40 years later! In Belgium where I live college tuituon costs about 1000€ per year.

@chiplangowski3298

20 күн бұрын

@@ParisianThinker - Except in those countries, students are required to qualify for school. If they don't pass the tests, they don't get in. In the US, literally anyone can go to state/community college and get government-backed student loans.

I RETIRED 3YRS Ago at 49 nice and early. Since age 24 I was always bank account poor and forfeited lots of fancy trips, dinners, movies out and other unnecessary bling bling. Every single spare penny I had was "invested" (not saved. saving is for suckers!!). Invested for compounded growth in equities. Trust me, you have no clue how F'k'ing amazing retirement is compared to getting on the treadmill every Monday morning for the master. If you're smart (and no matter what your age) you will get your sh!t in order "today" and start investing every spare penny you have and dial back on the newer car, the nice trips, dinners and lunches out, ect...ect... Otherwise, there will come a day when your body breaks down and you can't go out and earn money even if you wanted to. Then you'll be at the mercy of the system.

@hastycontemplation

26 күн бұрын

I should have done this but had limited knowledge and invested only 2k to 4k per year in a Roth until I learned there were other ways to invest.

@paulmiller5781

22 күн бұрын

School should mandate a finance class.

@SurpriseMeJT

22 күн бұрын

@@paulmiller5781 The dumber people are, the more they're going to spend their retirement on useless consumption and depreciating assets. Societal norms support financial irresponsible behavior. The only way to get ahead is to be that very un-cool, unattractive person who lives minimally, maybe even reads books and seeks real experiences instead of going to bars, clubs, renting in trendy area's and taking exotic trips.

@caucasianafrican1435

21 күн бұрын

How much $ would you suggest someone have before retiring at 50?

@SurpriseMeJT

20 күн бұрын

@@caucasianafrican1435 All depends on how much you need to live and take care of emergency costs. It all depends on where you are living and how you plan to live. Big cities, you will need more. Leave the US and you can survive on much less.

The only people saying citizens need to work longer before retirement are people that don’t need to do that and could very well retire now..

Buffet said it best when he said you want your money employed (ie. generating more money). The earlier in life you can get your money employed the better. It also forces you to look at your finances in a critical way. Any money going out that isn't employed is just a sunk cost....

@anwarwilkerson6243

26 күн бұрын

Too bad I didn’t find out he said this until I was in my 40’s. His words are for young 20 year old people that can manage to start a business or save with very little liability.

I was 28 during GFC and saw loads of 55 year olds get laid off and presumably never work again so I don’t know why people think there will be a job for them

Mandatory pensions sounds like a horrible idea. There’s no way I would trust some pension manager to invest and manage my retirement savings over being able to manage it myself

@user-tl7mj2bm4m

19 күн бұрын

THAT'S the issue.....I can see the government robbing that FAT mandatory pension fund....to give it away to idiot liberals, Dems, and illegal migrants.

@aaronbr2001

18 күн бұрын

You can manage the investments yourself it’s just mandatory contributions 👍

Larry fink should keep his mouth shut

@kingtrance307

26 күн бұрын

You’re being far too kind sir.

@PH-md8xp

25 күн бұрын

Agreed :)

@xxyyzzplants131

23 күн бұрын

Thanks fella's.

@loopba

22 күн бұрын

Fink a racist

@TheRedBeanPodcast

20 күн бұрын

Larry Fink never worries about retirement because he can call up the Federal Reserve to print up more money. Larry Fink the man with the printing press!

im 55 i had a heart attack i am spending all my retirement now

@jonarauzo

14 күн бұрын

I only have 11 more years. I'll see whether I get a heart attack or not by then. I can't imagine what the environment will be like by then though if it's bad now geez.

@truthaboutrealmoney

6 күн бұрын

@@jonarauzo i suggest to look into gold and silver, educate yourself what true wealth is

My wife and I were both broke when we married at age 31. We saved 35% of our income and retired 25 years later.

Working longer is not an option for many. Health and stamina become an issue as a person ages. I have employed many older people and kept them on even when they could not do the full job because of their health. It was a tough call, but I knew they had to have the money to survive month to month. Saving for the future beginning when you are younger is something people must accept or face the harsh realities of a rough existence as seniors.

I hate when rich people try to include themselves in regular conversations, I get empathy but what do you mean “we have the possibility to work longer”??????…..you’re not included in this, most people on the network are millionaires, conversations aren’t applicable

@PB-or2fd

26 күн бұрын

Yes, tell that to construction workers whose bodies are beat up. The smartass part about hambuger helper without meat. They're so condescending even when they try not to be.

@chrishart8548

26 күн бұрын

The rich can retire anytime they want. The poor are not even living that long. If they are in a trade there body is spent before they even reach 60. And they can't do any job after there body is basically used up.

I was a financial counselor for 14 years. What she is saying I told my clients back in the eighties. The 401K is not the problem and can be part of the solution. Spending beyond your means is the problem. Lack of self control when comes to spending money is the problem. Not following a budget is the problem. Not making yourself more valuable to the workforce is the problem. I have to agree with her that the SS program is absolutely necessary but the revenues from it HAVE to be taken out of the General Fund and set aside in it's own account to be used ONLY for paying SS benefits.

@767bob

12 күн бұрын

I agree with you 100%. I retired about 2 years ago at age 63. I've been saving and investing since 1982, and started putting money in my 401k plan in 1989. The 401k systems worked out for us perfectly. All of the nay sayers about the markets missed out big time these past 40 years! Some of my friends and coworkers thought I was crazy back then on how I was going to get rid of my mortgage, save/invest and never have a car loan but move the clock 40 years later I did great and they are all broke. They all made pretty good money, most of them made more than I did but they had to buy every friggin thing out there, first it was the big cars, then to the bigger trucks, SUV's. Had every stupid thing done yo their homes, refinance their homes once or twice and made sure they went broke on putting their kids to the most expensive schools in another state. Yup, they lived the American dream and now they can't retire. They still have a mortgage with little saved for their retirement. They did it to themselves and but blame it all on everyone else.....

So people are pushed out of the workforce but thank god old people would rather save more than have the gov't fund their retirements? This video literally makes no sense at all. If they can't work they can't save. And where the hell are low income workers going to get even 5% if they can't afford rent? These "solutions" don't operate in reality.

@jamesof7seven

24 күн бұрын

by cutting out things they don't need; flashy car, 1200 dollar iphone, cable tv, eating out, delivery, 100 dollar shoes...

@user-tl7mj2bm4m

19 күн бұрын

I agree - this vid is absolutely useless.....

Mandatory high school curriculum - Financial Independence and Your Retirement.

@jonarauzo

14 күн бұрын

I wasted too much time in college and university. I should have been more career focused although I was involved with internet marketing back then, but it never really took off like I wanted it to. The reality is you'll work for the rest of your life while the rich use you as "slaves" to get richer. I really regret not being career focused, but I listened to my mom and paid the price.

Of course in surveys people say they'd prefer to save for retirement. So what's stopping them? Paying FICA reduces a person's saving amount. But a lot of people aren't saving anything. Many are in debt. If you cut out FICA that's going to give many people more money to blow on crap. And then when they're 65, 70 and living rough we make videos showing how badly we treat old people. Social Security was started because we had so many poor old people unable to even feed themselves. You can't just wish people would be responsible for themselves.

@wreckim

25 күн бұрын

Exactly.

@chiplangowski3298

20 күн бұрын

You also must listen to what she actually said. She stated that when asked, people would pay more into Social Security in order to get more back. Unspoken is the expectation that paying in more gets you more back proportionally. That is not how SS. Paying in twice as much means a benefit check that is less than 30% larger.

Exactly! They stop hiring you once you hit your forties. 😳

what's the point of all these productivity increases and optimization if it doesn't translate into betterment of individual lives?

@jamesof7seven

24 күн бұрын

Banks get richer.

@Dweeble233

5 күн бұрын

Its not to benefit the individual in a capitalistic society.

I knew social security would be shaky when i got older so I contributed to my 401K at 22 and now at 47 my net worth is just under 2 mil. Most I ever made was 60k. It can be done.

America ranks in 22nd spot in the Global Pension Index. trailing Ireland, Chile, Uruguay, and Kazakhstan. The 401k system isn't working for the majority, only for the wealthy and stable minority. Arguing that it's the fault of those that didn't save is pointless. You still have a boatload of boomers nearing retirement with little to no savings, and you'll still have to pay to help them get through retirement, or have anarchy on your hands. Wouldn't it have been better to adopt the same system of forced savings other countries did, so the government could avoid this problem from the start, in effect spending 5-10% to solve things early, rather than 100% to deal with the much larger problem today? So annoying to see the old guard yelling at Ghilarducci like scared dinosaurs, when she's just telling them what they can do to save themselves...

It's hard to keep a job as you get older and even harder to get a new one if they dump you. I didn't retire I was retried by my company to relocate the job to India.

@gregorylyon1004

26 күн бұрын

That's tells me that you were overpaid and under worked.

@frankcoffey

26 күн бұрын

@@gregorylyon1004 The folks in Hyderabad are about to find out.

@hastycontemplation

26 күн бұрын

Maybe companies should be forced to not relocate jobs to India.

@xyz987123abc

24 күн бұрын

One of the biggest reasons why India is cheaper: no state retirement program at all. What does ss consume here in America: about 15% of all payroll ?

@frankcoffey

24 күн бұрын

@@xyz987123abc My friend said his college education costs his parents $500 total, that helps. No US citizen can pay off their student loan with their first paycheck.

Forced savings? You mean stealing my money and giving it to hedge-funds to I can die early and never see a dime?

@motoarzan791

27 күн бұрын

No, protecting dumb people from themselves. If you personally are not on pace with a retirement folio projected at 65 with enough capital to "fully" replace your income for the next 30yrs to 95....then you are also one of the dumb one's.

@ddduva4440

26 күн бұрын

Truth

Housing costs are so ridiculous. How can anyone save? Then unemployment hits. There goes 401k. Disability? Poverty unless you create some j.k rowling witchcraft 😂

@jonarauzo

14 күн бұрын

You can't save, there's not enough income and time. The only solution is more income from a side business but that's a lot more difficult and disappointing than a job that pays guaranteed income.

57 here, and after getting laid off in Jan, I already blew through the severance and remaining emergency money I had left - as such, I had to withdraw my entire 401k to take advantage of the Rule of 55, because I have no idea when I will get another job based on how crazy the current market is. My retirement already took significant hits between 2008 and 2020, so I am afraid that I won’t be able to save enough for when I actually WANTED to retire.

@SurpriseMeJT

22 күн бұрын

But 2008 - 2020 was a amazing run of the stock market. Where was your retirement sitting?

@CT-ig2oz

21 күн бұрын

I am sorry about your job. It is tough time economic now. Be strong and keep look for new job. Don’t give up, nothing is permanent . Good luck.

@scottl9660

20 күн бұрын

@@SurpriseMeJTthat is only useful if you keep your job in the Great Recession. Millions didn’t.

@SurpriseMeJT

20 күн бұрын

@@scottl9660 Correct. I hated my job and the people I worked with but knew that I was one of the lucky graduates who had a decent paying job. I invested everything I didn't spend and thankfully I was able to get on that boat that left the harbor.

@stopper90004

19 күн бұрын

Buy bitcoin. 120% average annual return since inception. This is your only hope of escaping the forthcoming financial repression that the government will impose on us to devalue the currency and pay off the national debt over the next 10 years.

I've worked in places where people are literally taking their last breaths at work. They haul them out in a body bag. I've seen older co-workers barely able to walk trudge into work to put in a 12 hour shift. Life is pretty dismal in those circumstances. The company did not care he was in pain. Just so long as the quota was met that shift.

This is why we Millenials and Gen Z are not having kids, getting married, starting families, etc. We are doom spending because we will never own a home child care costs 1/3 avg annual income PER CHILD For 50 years all income increases have gone to the wealthy elite, middle class wages are sideways. We will never be able to retire. Whats the point? This economy isn't for us, it never has been.

Our government with constant printing is the problem

@jonasking3670

26 күн бұрын

No. That’s a boogie man that conservatives bring out when they’re not in power to justify cutting benefits while increasing defense spending.

@cl5619

22 күн бұрын

Exactly. If we had no expansion of money supply beyond GDP growth, the cost of living would go down as we get older and technology makes goods in more efficient ways. People then could save their money in bank accounts instead of being forced to pay into SS. And we’d get a much Intrest rate at the bank. Then, we wouldn’t have so much money in the stock market making it not such a dangerous 40 year bubble.

@stopper90004

20 күн бұрын

The only party that would stop running an ever growing deficit/printing money is the libertarian party. Stop voting for the dinosaur duopoly!

I don’t feel like working longer, for money that continues to lose value every day. GTFOH

@MrSteeDoo

25 күн бұрын

Nobody is stopping you.

@FortuneSeek3rz

22 күн бұрын

Thats why you buy assets with that money. You only need enough cash set aside for 3 to 6 months of expenses. Invest what you have left over after rent and utilities.

the simple answer to retirement is to get amazon, etc to pay the same taxes as berkshire hathaway

The first 100k is the most difficult. After that compound interest kicks in and starts to double every 7-8 years. If you start early in your Twenties or Thirties you can build a decent retirement by 65. Coupled with social security and a paid off house you’ll be set up.

@glasshalffull2930

19 күн бұрын

As long as you have your 401K/IRA predominantly in the stock market and preferably in the S&P 500 index.

No one should have to work longer than they want to? We don’t work because we want to it’s because we need to. Stop with your nonsense Fink. No one needs to be forced to save either lady. Freedom means being free to decide how you choose to live if you’re not imposing onto others to do so.

@Alyosha00

27 күн бұрын

That is not called freedom. It is ignorance. Most people don't have the ability to grasp these concepts. Most people won't even pass a simple delayed-gratification test. It is very convenient to advocate for 'freedom' when you are at the top of the pyramid.

@dippy2482

26 күн бұрын

I force my kids to save for college. I guess I'm an authoritarian tyrant .

@namastemcl

26 күн бұрын

You shouldn’t be forced to save but it is a really great strategy to take advantage of compound interest. If you choose not save then you must accept the consequences of your decision

@bps7209

25 күн бұрын

@@dippy2482 I will applause 👏 you for that one. I would call that good parenting though.

@bps7209

25 күн бұрын

@@namastemcl absolutely true.

We need mandatory pensions by corporations. The 401K savings plan is a bust.

@ronloftis9080

26 күн бұрын

there is already. It's called employer FICA taxes.

@jaygold4467

25 күн бұрын

@@ronloftis9080 That's government. We need it by CORPORATIONS like it use to be.

@MrSteeDoo

25 күн бұрын

@@jaygold4467 You get a 401K thru the employer. The GOOD PART is that it is not controlled by the corporation. Don't you try to learn from experience? Corporations can't be trusted with pension funds. They can escape the obligations via bankruptcy.

@jaygold4467

25 күн бұрын

@@MrSteeDoo That's what wrong with the Capitalist system. Its clearly rigged to the wealthy. Everybody knows it.

@transitengineer

25 күн бұрын

I agree with you 100 percent. Now in my early 60's, I retired last year and have had three jobs after earning my B.S. degree in Electrical Engineering and each had a pension plan. At age 30, I worked for a private company which, had both a pension plan and also offered a 401(k) plan. In my early 40's, I starting working at my last job as a City employee and again, I had both a pension and an optional 457 plan. I do not understand why, would anyone work for either a private company or a government agency without both a pension and an optional 401(k), 403(b), or 457 plan (smile...smile).

Originally, the 401K was never designed to be a retirement to begin with. It was line 401K of the tax code in which executives could shelter their big paychecks for their golden years ( golden parachutes etc ). They came to the conclusion that they could foist 401K's onto their employees and ditch their employee's pensions altogether so they could save big money for the corporation. During hostile takeovers of companies, the corporate raiders would even steal that money as well.

@767bob

12 күн бұрын

No, a pension can dissappear but not a 401k. That stays with you even when the former company is gone, this happened to my brother and a few of our friends. The 401k are usually rolled into an IRA, or in some cases into another 401k....

I have been investing for my retirement from age 20 without out a college degree and im a self made millionaire the beauty of compound interests is amazing

@hangarby10

25 күн бұрын

Same here but I did go to college. Looking back, I would have made it the same way without college. Getting a college degree is another falsehood that our society places on us. Most 18-20 year olds have no clue what they want to do professionally.

The best financial life advice I ever got was from my father: "Live below your means." You don't have to be crazy cheap to make that work.

I'm retired and some of my freinds still have to work because they made bad decisions when they were younger and they admit it

When I look at the amount I've contributed to Social Security over the past 45 year vs the amount I will get at retirement is a real problem. Forced savings is not a bad concept but the investment benefits need to stay with the investor --- not others (Government, etc) pulling out $ for other reasons. It's mind boggling if you look at the actual numbers in the current Social Security set up. Great concept but terrible investment for most long-term contributors.

Australian here. Thank goodness for our superannuation. I’m retiring really well!

@767bob

12 күн бұрын

USA here, I am happy it work well for you. I saved and invested in my 401k, IRA's, bonds and stocks and retired with zero worries. What you are reading are the folks that we have here that still don't get it! They love blaming the government, their jobs or anything that sticks on the wall for their failures. We already have a system that taxes us for retirement and it's called Social Security but we also have to understand that we also need to save and invest to supplement our retirement income. This was taught to us back in the 70's but somehow the 80's brainwashed these hopeless souls. They though money was going to trickle down from the rich...so they spend every dollar they made and more like they were rich or drunken sailors. Now here we are, 40 years later reading their sad story.....

It's true. Even if people want to work longer they can't because not allowed.

The most important financial decision anyone can make in their life is picking your parents.

No discussion of cutting Social Security and Medicare until the government stops giving $50 billion a year to the fossil fuel industry, $45 billion a year to the pharmaceutical industry, etc.

Worked until I was 70. Loved my profession but working for kids that could be my grand children whilst they attempted to re-invent the wheel proved to be soul shattering. Start saving early, live below your means and work as long as you want to.

Why don't we listen to the expert economists of this nation like Teressa Ghilarducci instead of our congressmen and women who legislate policies that hurt the average worker? Our congressmen and women make 175K a year with great benefits and retirement packages, and line their pockets with millions from corporations which benefit from policies that discourage pensions.

Its all about looks, if you don't look young they fire you, so create your own business hire them then treat them like the way they treated you.

I’m all for mandatory pension savings. It works fantastic in Germany. Nobody retires homeless.

@jonarauzo

14 күн бұрын

Ah, but that's Germany and not the United States which makes most people fail financially except the ultra-rich greedy corporations that rake in billions. You want more of the same keep buying only from ultra-rich corporations and then wonder why the wealth gap is so ridiculous and insane. People probably shop at only 1 or 2 stores now. Most likely 1 lol.

@767bob

12 күн бұрын

The 401k should be renamed "mandatory pension," maybe they might see the light....

@Dweeble233

5 күн бұрын

Isn't that Soc Sec in the US? Its MANDATORY to pay in for both employer and employee.

most people that have a 401K available to them are not 'investment informed' enough to make good sound investment choices.

@767bob

12 күн бұрын

Neither was I but I did a lot of reading about the market, just follow some of the investment plans out there. I stayed with a S&P 500 index fund, and a stable fund. My ratio was 80% to 20%. I also bought a lot of bonds. The other thing is to always put money aside for emergency. This was taught to me by my mother when I was a kid back in the 60's when I opened my first bank account at age 9. There are a lot of good info online. This stuff was tough to find back in the 80's. I think it is a lot easier and cheaper now with all of the different funds that exist now. Very few funds in the 80's with expensive fees....

Getting old and not being able to earn enough is number one cause of bankruptcy.

You should be saving 10-15% min. right off the bat. Not when every you can get around to it. It is the most important thing you can do. Don't worry about the fancy house and car until you can afford it. Not everyone will choose a career that will let them live the lifestyle they want, but you made the choice. Successful people don't get that way by luck, they get that way because of how they were raised and how hard/smart they work. Everyone was not created equal, like they keep trying to tell you. It will be easier for some than others and the decisions your parents made for you. You might have to get a couple jobs for awhile. Don't worry it won't hurt you and will make a big difference down the line.

Lower the ridiculous Cap Gains tax for those making under $300k a year. That is why most people do not use their principle after retirement.

Fair share in taxes is a start. Warren Buffet is on record saying he pays less than his secretary in taxes. Middle class is being squeezed

This, working longer, may work for some people, but won't for many.

There's no point for individual workers in "paying more into Social Security" because by the time most of us Gen-Xers start to get our SS payments, the amount we're due would most likely have been cut. We would never get back what we paid into it as it is.

@767bob

12 күн бұрын

Wrong!

He suggested a system like Australia. In Australia retirement savings is compulsory 11-12% of your salary, it can be 16% in the military. You are free to choose where you want to put your retirement money. You can put it in bitcoins, GME or whatever. You can't withdraw it until you retire and you can't invest in things related to yourself, like can't buy a property and rent it out to your family.

@767bob

12 күн бұрын

Sounds exactly like my old 401k plan, that worked for me big time!

Retirement is far too important to delegate to career thieves.

Im in my early 50's, blue collar, no debt whatsoever. About 980k in 401k savings, plus about 175k cash. Plan on working until 55.5. The younger generation at my workplace, for the most part, is deep in debt. New trucks, campers, and boats every few years. There is so much emphasis on material things. Our kids are grown, and we are planning on downsizing.

@JennConary

15 күн бұрын

Well done!

So, let me understand her logic here. Because workers CHOOSE not to contribute to their 401k plan or an IRA that those are a failure? Is it the assertion now that people shouldn't get a choice nor have to live with their choices? I'm not trying to strawman her statements, just trying to make it clear what she's saying here. She's saying that they will force your money from you and put it into an account that you cannot touch until you reach a certain age. You would have no choice. Not to mention that, depending on how that gets implemented, is it a common pool where others will get your money if you never get to use it or is it exclusively just your own for you and your heirs? They already do this for social security now and I can guarantee that they won't stop taking SS from your checks for a very long time if they ever do. So in this scenario, coming out of your checks before you get your money in-hand would be: both state and federal income tax, Social Security, Medicare, the premiums for your various insurance plans, and a new federal pension plan. That is before you even consider your costs of living. That's better? That's different than someone choosing how much they want to contribute to a 401k? The 401k system is a failure because it wasn't forced upon people like the SS taxes have been? SS CLEARLY hasn't been well-managed and it's failing because of it, so why would I trust a government agency to run a forced pension plan? Maybe I'm missing the point here, but this idea seems more like a potential failure than what we already have.

Just as paying into Social Security Administration (SSA) is mandatory, why not phase in 401k as mandatory, and phase out (over time) Social Security, with the same principal of employer matching as SSA? In other words, you get to keep what you invested into, individually, portable, and fair. As for how to invest, that's a whole different subject and it's more about education. It's not hard , since most 401k plan will have limited option of investment as well as a default one (just like choosing company insurance). For example, lifecycle (an all-in-one investment) mutual fund.

This govt is too expensive to keep

@Ana-cw1pe

26 күн бұрын

Specially in the diplomatic service . (salaries for FSO, their outrageous rent, schools, and SALARIES for local employeed) . Happens to all countries😮😮

I retired from full-time work at 56, but caried on part-time until 70. It helped that I enjoyed my job and in many ways, still miss it.

The doing away with defined benefit pensions by most private sector employers is coming home to roost. Most people retiring today from private sector employers don't have nearly enough money in their 401K's to create a stress free retirement.

The only jobs a company will hire someone over 55 for pay under $15 hr and are part time. Luckily for me I learned how to invest and have a predictable retirement income of 58k a year till I am 89 years old

This dude should do his homework before interviewing a guest. Why did he not know how to pronounce her name? What a clown.

@pomp4401

26 күн бұрын

Start your own show then

@bobbafett1849

26 күн бұрын

is it to much to ask that talking heads actually know *how* to speak correctly?

@ClearOutSamskaras

21 күн бұрын

I agree with you. I thought it was ridiculous that he couldn't pronounce her name. He's lazy and unprofessional.

@ScooterOnHisWay2024

11 күн бұрын

This guy specifically is a doooooosh bag.

Requiring people to work past 55 should be consider cruel and unusual punishment especially physically labor type work like construction, farming, etc.

@deanfaklaris9987

26 күн бұрын

No is requiring it. But, if you can't afford to NOT work, are you going to focre others to pay for you not to work? Where does the money come from? Ridiculous.

@dippy2482

26 күн бұрын

Working past 55 is fine. Bending, stooping, and lifting past 55 not so much.

@mexican-americanpatriot721

26 күн бұрын

Delivery driving type work is brutal in your late 50s, but the money is very good.

@ParanormalPat

26 күн бұрын

Take a good look at inflation right now. It's doesn't take an Einstein to figure out why people are working longer nowadays.

@richardhanes7370

20 күн бұрын

WTF. I bought a farm and will have it paid off before 55. That's my retirement plan, to keep farming with less bills 😂

finally the truth ......many white collar let go in their 50's (re org, skill set, business closing), many blue collar are physically worn out (work construction for 35 years and knees, back , hips are shot), ........Live below your means, pay off debt .....you are only an e mail away from "early retirement".

50 seems to be the age that unless you’re in upper executive management, the companies will find a way to get rid of you. There’s this bizarre idea by boomer managers of that same age that anyone older than 50 is “slow” and “dead weight” and “ not innovative” 😂

Focus on education, not forcing savings.

@767bob

12 күн бұрын

The education we should be receiving is on real life budgeting, savings and investments. I have seen way too many people making a ton of money and have little to none by the time they get to retirement. If you are young person making little money but know how to invest, I am pretty sure this individual will do very well later on....

Job training and listening to your workforce is critical. Stagnant metrics lead to inefficient work processes too.

Upon birth drop 10k in a government sponsored retirement account with a 60 year vesting requirement, waived for total disability. Require participants to contribute 5% and employers to match. Reduce SSN pension benefit by half and increase Medicare benefits with the proceeds from SSN reduction.

Australian here, our superannuation system is a really good system. Every single worker saves every single month. We still have an aged pension as a safety net, but the reliance upon the aged pension is greatly reduced due to our superannuation system.

@Ray-iz7tv

21 күн бұрын

Great idea, should be looked at for the USA.

I’m a retired Australian and our system is fantastic but it is worth saying that the state pension is very strictly means tested and the minimum for survival - no guaranteed social security. It was also introduced gradually over many years with workers forgoing pay increases for employer contributions.

The real crisis is that we’re not all billionaires.

@pomp4401

26 күн бұрын

Go to Zimbabwe

I thought Joe made a good comment about the hamburger helper. Also I value my freedom and dont want to be forced to save. That said I think encouraging people to save and learn about how money works is wise.

Mandatory systems work - easy to look at the countries who have it. Denmark, the first country to introduce this - in spite of high taxes - has the highest retirement savings in the world. When it comes to "people cannot be without the money" this has proven untrue in one country after the other. People adjust and it works fine. You just take steps year by year until you reach ~15% split 50% employer and employee. Also, Denmark has the next-most robust pension system and one of the lowest Government debt rates in the world - and yes, mandatory pensions helped make this happen.

That's the problem, thinking you have to work longer for someone else, that you have to have a job. Try starting your own business and employing yourself! Mandatory savings are b.s.; that's not capitalism. Those who could have saved but did not reap the consequences of their decisions. By the way, social security is forced savings.

I agree with Teresa. Forced savings is the answer.

Work longer? Just assume you could still find a good job at old age like the president. It is tough to find a good job at old age for most people.

What's nit being addressed is more people single nit coupled up to be able to save try it alone

@slacayo

27 күн бұрын

That’s a good point. Don’t want to switch subjects but today’s dating method done over social media is crap for the young people. They need more organic approaches i.e. 1980’s/90’s method like approaching girls/courting them/writing notes. I know I sound ole’ school but that method worked for me. Unfortunately, today’s modern women have been heavily influenced or told that they don’t need men so most people will die alone. Interesting social experiment this country has going on our youth. Kinda sad.

@TonyLauLetta

27 күн бұрын

that is true, being single is expensive and your taxed at a higher rate

@767bob

12 күн бұрын

No way, if you are single and have no kids to pay for you should make out great at the end. Plus your freedom to go anywhere to find work is greater than a married couple with two kids and a home. All of my buddies who were single made out big time! Save, invest and learn the market. And start saving and investing young is the big secret for success. Wait till you are 50 gets a lot tougher to have a good amount waiting for you when you get to your retirement. And stop listening to the nay sayers.....

You can go from being a VP of finance, to a greeter at Lowe’s

@Dweeble233

5 күн бұрын

Thats a step up from Walmart!😄

How about allow people to invest in a 401-K or an IRA instead of paying money into SS?

@767bob

12 күн бұрын

No, having your SS waiting for you when you start collecting will be a big plus. Having an IRA is a great plus too and if you still have your 401k, once it is rolled into an IRA it can continue to grow or get converted into a Roth. Now you have yourself 3 pensions....

This lady is so right.

Lol. These ppl need to start thinking retirement earlier. I started my retirement savings when I was like 23 years old. If they start early, no reason to not have 2-3 mil when retired.

@tonylevine2716

26 күн бұрын

Bingo!! This is my message to my kids who are in their early 20s. Save and invest now so you won’t be in dire financial straits like millions of Americans today!!

@williamparrish2436

26 күн бұрын

So why do you think most people don't save. Are you a higher quality person? Or you were just born a financial wizard? What is the answer?

@williamparrish2436

26 күн бұрын

Also don't you think if everyone saved from their 20s that prices would just rise by the time everyone hit retirement? It seems like you won a rigged game. Good for you, but you haven't thought out the implications of your own solution applied to everyone.

@rexrexrex992

19 күн бұрын

@@williamparrish2436. The answer is more than I want to put on social media, however, it starts with “delayed gratification”. Practice that and everything will fall into place.😊

You need to invest to accumulate enough money to retire. No risk no gain. Take a chance when you are still young!

@cashflow68

27 күн бұрын

the risk of not investing is greater than not investing. Just buy an index fund

@767bob

12 күн бұрын

@@cashflow68 I wish more people would do this instead of complaining. Start young, and invest. I like the S&P 500 index fund. It amazes me on how many people think they will lose money if invested in the market. I first started with stocks in 1982, then 401k in 1989. I also pick up bonds to smooth things out. We have had one hell of a good run since 1982! No complains from me.....period!

we have IRA and ROTH IRA. Is that not enough if fully funding? the benefit of SS is that you can't take it out. People with IRAs/401Ks pull the money out - that is the only problem.

@yestfmf

26 күн бұрын

And when you retire you only get to take out SOME of what you paid in. SS is designed for a five year life expectancy--but you pay in for 30-40 years. SS is broke, has been for a long time. I would much rather have my FICA going into an IRA. Then it all belongs to me--not just a thimbleful. There are many on the SS pittance who have to choose between medicine and food. Why should this be after paying in for so long?

This is completely true. Statistically half the workforce age 60 have to stop working because of health issues or because they are downsized. For the people that lose their jobs it’s hard to replace their peak earning power with a similar job as an elderly applicant. You must prepare financially when you are younger for the time when you are unable to work or pushed out of the workforce.

The professor is only slightly correct in her thesis that people need to save more. However, she leaves out the important aspect that the irrational and government driven inflation is what is hurting people most right now in terms of rent, mortgage payments, food, college tuition etc. Fiscal and Monetary policy have created a nightmare landscape for many American. The net result is people will work longer maybe not in their career positions but with a step down to service jobs to supplement their income. By the way, that has health benefits when people work longer even if it is part time. Also, the workforce participation rate is so low we need older workers to be productive to some extent. Another problem is all the government benefits with things like disability being expanded to mental and emotional issues allowing more people who are of working age to stay home and not work. That needs to change. Get these people back in the workforce. Safety nets should be temporary. How are we going to set up mandatory withdrawals from peoples paychecks when far to many are not getting by now with what they earn and are turning to credit card usage. The professor intention is good buy wow is she out of touch with reality and if we continue to.errode the purchasing power of the dollar that will cause greater future harm. Remember, retirement is a sales pitch by the financial services companies. Retirement is not an entitlement. For most people they will need to have some type of job until 70 or even 75. Embrace this opportunity be productive and stop whining about wanting to stay home amd.watch TV all day. Go live life. Retirement speeds up mental and.physical decline. Stay active and be financially productive for yourself and the overall economy

Thanks for telling it like it really is.

Paying more toward Social Security does not guarantee future payment to me. First, it is maxed out already for me, and they are planning on changing the rules for collection. It isn't a pension plan.