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.

@CaraMarie13

Ай бұрын

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.

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.

@BiancaSherly-qt6sb

5 ай бұрын

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.

@maryHenokNft

5 ай бұрын

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.

@quaithom3138

3 ай бұрын

@@maggysterling33254 SCAMMING MAGGY!

@bobzelley5100

2 ай бұрын

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.

@legacyrydeshare3478

2 ай бұрын

Come work with me, I could use the help.

65 years comes real fast. So do not think you have time at any age. Its right around the corner.

@projectkj7643

3 ай бұрын

SHOCKINGLY FAST! I was in my early 40s yesterday! Sigh.

@watamatafoyu

12 күн бұрын

Suicides of the elderly has increased with pension cuts.

The formula is simple: spend less than what you earn, invest the difference, rinse & repeat.

@swanseawales1979

2 жыл бұрын

A diversified portfolio is good like an index fund I.e. s&p500 but add property as well

@thomasblackmon5722

2 жыл бұрын

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!

@swanseawales1979

2 жыл бұрын

@@thomasblackmon5722 BS. I’m on below the living wage but work overtime to supplement my income

@jerrodshack7610

2 жыл бұрын

@@swanseawales1979 "I was poor and I made it so every other poor person is just lazy and should starve!"

@TheSmartLawyer

2 жыл бұрын

@@thomasblackmon5722 first invest in yourself.

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.

@MatthewVinson

Жыл бұрын

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.

@Ammo-Hoarder

Жыл бұрын

@@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.

@kashkat987

Жыл бұрын

@@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?

@Ammo-Hoarder

Жыл бұрын

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.

@ButcherBird-FW190D

Жыл бұрын

@@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.

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.

@hunter-bourke21

10 ай бұрын

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.

@edward.abraham

10 ай бұрын

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.

@rebecca_burns14

10 ай бұрын

@@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.

@Believer292

10 ай бұрын

@@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?

@daw7773

7 ай бұрын

@@hunter-bourke21 I agree, my self directed individual ROTH acct is doing far better than my company. 403B retirement (very limited choices).

When I'm 65 I will no longer have a mortgage....that's a huge part of my retirement plan!

@sct4040

2 жыл бұрын

Then sell that house, and move to something smaller and easier to manage.

@bretgalloway1686

2 жыл бұрын

Other than lowering expenses, how would that sustainably help?

@alisonbanks1688

2 жыл бұрын

@@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.

@bretgalloway1686

2 жыл бұрын

@@alisonbanks1688 - 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.

@alisonbanks1688

2 жыл бұрын

@@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 get scared when I think about retjrement. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

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.

@jafrasar1

2 жыл бұрын

Thanks for this tip; checking into it/my parents attempted to join Peace Corp; when they first retired.

@artistlynn667

2 жыл бұрын

That's an exciting possibility. How is Healthcare in these locations?

@TheSmartLawyer

2 жыл бұрын

Sounds like fun.

@williamwilson6499

2 жыл бұрын

I retired in 2015 at 56 and called it quits. Travel and grandkids…no interest in anything else.

@Woofkitty

2 жыл бұрын

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 🤗

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.

@brendaharris9824

Жыл бұрын

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. 🙁

@Mom_sBasement

Жыл бұрын

Why are you responsible for your parents debt?

@johnjaco5544

Жыл бұрын

I do not understand why people can't live within their means. I live within my means and enjoying retirement to it's fullest

@melanieg6957

Жыл бұрын

Why are their debts your problem?

@joshuaanderson1712

Жыл бұрын

@@melanieg6957 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 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.

@grandmalovesmebest

2 жыл бұрын

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.

@susanmarie2231

2 жыл бұрын

@@grandmalovesmebest Wow. You have certainly been through a lot. Blessings to you for your good health a thousand times.

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.

@johnjaco5544

Жыл бұрын

I'm sorry you're retiring didn't work out very good

@davidglad

Жыл бұрын

@@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.

@205rider8

Жыл бұрын

Smart man!!

@fredatlas4396

Жыл бұрын

@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

@fy4729

Жыл бұрын

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.

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!

@DrSchor

8 ай бұрын

duh!. why are you not a shareholder?

@dianafoster7883

5 ай бұрын

Most getting funneled straight to CEO's pocket!

@stayinganonymous.3172

10 күн бұрын

Trickle up economics

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.

@luckynumberkevin2898

2 жыл бұрын

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.

@alexthebaddes815

2 жыл бұрын

@@jenbynature780 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

@robstark7161

2 жыл бұрын

@@jenbynature780 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?

@robstark7161

2 жыл бұрын

@@jenbynature780 I will give this a look, thanks a bunch for sharing.

@heinzbucksandcastle2053

2 жыл бұрын

The Fed has sealed our fate

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.

@fadhshf

Жыл бұрын

you should consider financial planning.

@lowcostfresh2266

Жыл бұрын

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.

@lowcostfresh2266

Жыл бұрын

@@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.

@hasede-lg9hj

Жыл бұрын

@@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..

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.

@cpmiller1965

2 жыл бұрын

Most of the population just wants instant gratification, good job planning ahead

@TheSmartLawyer

2 жыл бұрын

Try travelling within the US though, keep the dollars here that is part of the problem!

@misutasutanto6312

2 жыл бұрын

@@TheSmartLawyer forget that

@tripisco3730

2 жыл бұрын

This is my plan. We are frugal, but comfortable. We also travel somewhere far at least once a year.

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.

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.

@gabriellaescobedo4711

Жыл бұрын

Ain't that the truth

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

@carinarilk89

5 ай бұрын

😂

@andre1987eph

5 ай бұрын

Congrats. Best of luck to you both

@salemdesigns65

29 күн бұрын

I hope you're still earning money though...

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

@befree9579

2 жыл бұрын

Only 30-40% people reach 65 btw. So try appreciate the current while also planning for the future.

@rschier1

2 жыл бұрын

@@befree9579 Incorrect - some 70% of people in U.S. die after age 65.

@FrenchSaladMac

2 жыл бұрын

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.

@Simone-xv1ie

2 жыл бұрын

You've been planning a retirement for 35 years and still haven't reached it?

@daviddionne8296

2 жыл бұрын

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 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.

@seekingserenity1902

Жыл бұрын

You recognize what you did wrong and what you will have to do now. Adapt and overcome.

So glad I am healthy @ 65. Still working and saving while helping others.

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.

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. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.

@cloudyblaze7916

7 ай бұрын

This is true. I'm in my mid 50's now. Last two years, I pulled out my money and invested with my wife's wealth manager. Not catching up with her profits over the years though. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k).

@gregorywhem

7 ай бұрын

It's unfortunate most people don't have such information. I don't really blame people who panic. I've been making more than $21k 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.

@ericmendels

7 ай бұрын

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.

@legacymedia8468

7 ай бұрын

Thank you for this. I just sent her an email from her website, and I hope she gets back to me soon.

@blueeyes2007

6 ай бұрын

Lol this is stupid! They retired with 6M. 😅 stupid for not comparing what is working better!

Not a message everyone likes to hear, but definitely one we all need.

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....

@johnjaco5544

Жыл бұрын

I'm just like you retired early and enjoying life to the fullest

@lewisjeffreys9175

Жыл бұрын

Yep, time invested is more important than the amount(within reason)

@teenguyen4124

3 ай бұрын

Wow

Its not a joke. Retirement is your individual responsibility. START , JUST START SAVING. ITS YOUR RESPONSIBILITY!!!!!!!!

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.

@AshtonGrace

Жыл бұрын

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.

@MariusNatt

Жыл бұрын

@@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.

@ReidCoffman1

Жыл бұрын

@@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

@MariusNatt

Жыл бұрын

@@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.

@ButcherBird-FW190D

Жыл бұрын

@@MariusNatt I invested via Maria Tyler. That B**** cost me everything I had. Everything. I am ruined now due to that w****'s suggestions.

Happy for all of you who made it. I hope you have equally secured your eternal life.

@Cwgrlup

Жыл бұрын

Best comment on KZread. 🏆❤

@fernhbowers

6 ай бұрын

Yesssss! Made a Big Deposit in my eternal life in childhood!

@ecoasis1

2 ай бұрын

AMEN

My colleague Ed started taking social security benefits at 70 to maximize his monthly payment. He died 6 months later.

@souslesbombes

8 ай бұрын

Talk about a heartwarming story 😂

@jmc8076

8 ай бұрын

@@souslesbombes Obv meant as warning to think twice when you take SS.

@patriciamay6396

8 ай бұрын

My mom did the same thing! Died 8 weeks before turning 70. Never got a cent of her social security

@dantheman6607

7 ай бұрын

I’m not taking it at 62 getting a 30% hair cut either. Will take it at 65

@eileenwatt8283

Ай бұрын

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..

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...

@acajudi100

Жыл бұрын

Move to Queretaro. I did at 79 in 2021.

Let's not sugar coat pensions. So many pension funds are tanking, and they aren't going to be paying the promised checks out.

@puravida5683

2 жыл бұрын

Unless, your a federal employee with a TSP Account.

@RandallHallKaizenReiki

2 жыл бұрын

@@onebridge7231 And now, they fall again.

@jaybartgis5148

2 жыл бұрын

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.

@atteroljones6936

2 жыл бұрын

Correctamundo. So, the word to the wise is voluntarily contribute to a Roth IRA, every pay day.

@peachygal8856

Жыл бұрын

@@jaybartgis5148 exactly! 😂

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.

@sergiojimenez3445

Жыл бұрын

Nice, what is your advice?

@DylanJo123

Жыл бұрын

@@sergiojimenez3445 He probably just wanted to flex

@liveinms9949

Жыл бұрын

right there with you No debt is the key

@williamwilson6499

Жыл бұрын

@@sergiojimenez3445 maximize income and set up a structured savings/investment plan and stick to it. Don’t buy crap you don’t need.

@lifeisshort99

3 ай бұрын

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.

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.

Forget about retiring. I am supporting my surviving parent. I don’t think I can even afford to start a family.

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.

@DrSchor

Жыл бұрын

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.

@ViktorFerenczi

6 ай бұрын

What does "correctly" means is unclear and ever changing. Even if you do your homework luck affects your returns considerably.

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.

@garyxyz4400

2 жыл бұрын

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.

@stephenc2481

2 жыл бұрын

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.

@ViktorFerenczi

6 ай бұрын

All this comes down to information, education and discipline. As usual.

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".

What has worked very well for me is following Dave Ramsey's' Baby Steps. Best of luck to all.

@davisholman8149

2 жыл бұрын

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.🧐

@TheSmartLawyer

2 жыл бұрын

Everything requires a plan. Ramsey has some good advice

@emzywillrich7243

Жыл бұрын

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.

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 😀👍

@cpmiller1965

2 жыл бұрын

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.

@Movieman1965

2 жыл бұрын

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.

@mikepiper6077

2 жыл бұрын

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.

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.

@johnd4348

2 жыл бұрын

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.

@jaygold4467

Жыл бұрын

@@johnd4348The real minimum was now is $18.00.

@thommysides4616

Жыл бұрын

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....

@dc76384

Жыл бұрын

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!

@fredatlas4396

Жыл бұрын

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

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.

@suebowman7258

Жыл бұрын

Agreed! We moved to outside of America and we are leaving comfortably under $1500 per month.

@yrosales546

Ай бұрын

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.

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.

I watch these videos and wonder how we will possibly survive in the developing world. It's good that neighbourly kindness still exists.

You can retire at a young age if you invest wisely on time, Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.

@paulrencher8274

6 ай бұрын

I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry and exclusive insider market information.

@Florencecoxx

6 ай бұрын

I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more..

@oscarlambert830

6 ай бұрын

@@Florencecoxx That won't bother you if you trade with a professional like *Sarah Alma Martinez* my consultant. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. I basically follow her trade pattern and haven’t regretted doing so.

@Florencecoxx

6 ай бұрын

You allow people to trade for you? that's interesting, How can I be part of this project I earnestly hope to build a strong financial future I'm interested to take part, I would love to learn, hope it’s safe..?

@sheilajensen

6 ай бұрын

Wow I can't believe you guys are discussing about Sarah Alma Martinez, I once met her at a conference in California 2019, I can testify that she’s very good in trading..Highly recommended.

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?

@fmar.8311

2 жыл бұрын

How are 44% of americans making $18000 a year? That sounds very low, where are your sources?

@georgfriedrichhandel4390

2 жыл бұрын

@@fmar.8311 Go to Google and type "Almost half of all Americans work in Low-Wage Jobs and you will see the report.

@onebridge7231

2 жыл бұрын

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.

@fmar.8311

2 жыл бұрын

@@onebridge7231 that doesn't answer my question. you're blabbing on about something irrelevant. listen bro, don't even bother responding to this.

@ethanshy280

2 жыл бұрын

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.

This crisis is because you load students with courses in calculus, algebra and trigonometry, but just a course on personal finance!

@user-bo8nb2mi

Жыл бұрын

Cooking courses too

That was very informative. Thank you!

It's the insane cost of maintaining a roof over your head that is causing the greatest worry for most retirees. Bring it down, NOW!

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.

@TheSmartLawyer

2 жыл бұрын

That is the way to do it!

@jpny4750

2 жыл бұрын

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.

@chicnoir29

2 жыл бұрын

@@jpny4750 - Better to keep working to maintain your health and to continue to save. Don’t count on SS.

@jpny4750

2 жыл бұрын

@@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.

@seventhchild7270

2 жыл бұрын

@@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!...

Very well done. Thank you.

"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.

@Tlhakxza

Жыл бұрын

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.

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!

@donchoq

Жыл бұрын

Just watch. Your government will steal most of it from you!

@richgee4173

5 ай бұрын

We have the same in the USA

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.

@TheSmartLawyer

2 жыл бұрын

Diversity your portfolio

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.👍

Best documentary on this subject that I've seen!

Im 21, I am blessed to hear this in my early years. Thank you for everyone part of this.

@oneupper7602

Жыл бұрын

You would not do anything about it though

@arcane9552

Жыл бұрын

@@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.

@freespirit6209

Жыл бұрын

@@arcane9552 Well done, and good luck!

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.

@DrSchor

Жыл бұрын

my condolences for arranging your life to be in a job you don't enjoy doing full time.

@zachhecksel2920

Жыл бұрын

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.

@eplugplay8409

Жыл бұрын

@@zachhecksel2920 I sure hope you are right.

@lotto5742

8 ай бұрын

​@@eplugplay8409buy Google, Amazon, and Tesla and hold until you retire.

@andre1987eph

5 ай бұрын

Your wife has "other" retirement plans. (Divorce). Of course you'll be the last to know.

This was good. Thoroughly enjoyed!

THANX A TON. AMAZING WORK FOR HUMANITY.

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.

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!

Great video. Share this with all your friends especially the younger ones.

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.

@thesorrow312

Жыл бұрын

Listen to FDR talk about social security, the whole point was to be a retirement program.

@nwatson2773

Жыл бұрын

That was when people could buy a home with a low wage job and no college education

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.

@razojacqueline

2 жыл бұрын

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.

@howellwong11

2 жыл бұрын

@@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?

@razojacqueline

2 жыл бұрын

@@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.

@howellwong11

2 жыл бұрын

@@razojacqueline He pulled out the economy card. He will certainly not try harder because the economy is to blame.

@andriartayudianto8918

2 жыл бұрын

@@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.

I'm 74 and due many poor decisions and epilepsy I've survived but wonder if my money will last....I have no children

Great video guy's.!! two thumbs up 👍👍 I'm 57, so this is very relevant for where I'm at in life.

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.

@andre1987eph

5 ай бұрын

Your employer is your modern day husband 😂

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.

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!

@onebridge7231

2 жыл бұрын

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.

@flip931

2 жыл бұрын

@@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!

@V.E.R.O.

2 жыл бұрын

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.

@flip931

2 жыл бұрын

@@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

@aprilracine

2 жыл бұрын

@@flip931 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.

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.

My husband had his life planned at age 16, currently 65. He never once in his life used, let alone owned a credit card and he paid our home off in 2019. A seven year contract. Other than being a disabled veterans wife, are lives are pretty good so far. I've never seen a man that could work as hard as my old man..💪 Nothing "seemed" to stop him.. until someone hit him head on with one of those four wheeler bikes. 5 months in the VA Hospital. No worries though, never received a bill, never will, for anything relating to the VA..❤❤❤🇺🇸✌

@hermanrogers1325

2 жыл бұрын

That’s very good America should take good care of the veterans, I am disabled veterans and retired and well taken care of and since 08 and all that happened I was determined to get out of debt before I retired in 21 and I succeeded living debt free

@CheJoffre

2 жыл бұрын

Amen, I love the VA for that! I spent a few nights in the Covid isolation wing of ours last year. The nurses and doctors treated me very well and I did not have to pay a cent.

@ariefraiser140

2 жыл бұрын

Your husband did well, but I love using credit cards. As long as I keep to a budget and always pay my balance off each month, they are fantastic. They paid for so many of my vacations and offer protections my debit card doesn't.

@atteroljones6936

2 жыл бұрын

VA Benefits and VA Disability. Both can be lucrative....

@benrae9044

Жыл бұрын

That's great - but having a large medical bill after being run over, is an Alien concept to anyone in the developed world, outside of the USA

27 and doing Dave Ramsey’s baby steps. I’m on baby step 3b and 4.

I really enjoyed this documentary

@TheSmartLawyer

2 жыл бұрын

It is well done for an intro primer

@SimoniousB

2 жыл бұрын

It’s a good foundation

Everybody should watch this documentary... so helpful.

@jafrasar1

2 жыл бұрын

Yah…

I figured out the “magic number” when i was 16!!

Education and career advisors ,dropped the ball for many of us , my opinion !

@nata3467

Жыл бұрын

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

Communal living sounds like real life Golden Girls. It’s smart!

@GilbertoTorres-bm2ke

2 ай бұрын

That is the same thing it reminded me of.

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.

This is very realistic and so true podcast thank you 🙏🙏🙏👍😃

Once you understand it is up to you, it's game on. Live within your means. Stay out of debt. Invest 15-20% Get on a budget. Actually use your budget. Save for emergencies. Save for large purchases. Save and invest for your future. The government is not going to save you. A rich family member isn't going to leave you millions.

This should be mandatory to watch for students

Thank God for Housing & Food Pantries. Taxes in my state are very high but lm thankful for Social Programs. Couldnt live without em❗🙂

The real reason they want automatic sign up is because they want more of your money to take advantage of compound fees. Isn't it ironic they never talk about how much you lose in fees. You take 100% of the risk and get 30% of the profit. Go with a index fund instead.

@cpmiller1965

2 жыл бұрын

Your correct on index funds, however most people aren’t disciplined enough to save, most spend every dollar living paycheck to paycheck. The automatic 401k enrollment at least gets folks into a good habit of savings. My company matches 6 percent, and also add 3percent company stock at the end of each fiscal year.

@randomsh-t917

2 жыл бұрын

It comes down to cycle of bad financial decisions. Of the ones stuck in it, there seems to be no way out. I started my business at 30. I didn't think about a retirement planning until 35 and now in my mid 40s already exceeded the funds needed for an upper middle class retirement (triple the US median household annual income) through savings and real estate investing. Retirement is achievable, you just have to be financially discipline.

@secretsquirrel6718

2 жыл бұрын

Plus you still have to pay taxes on the money!!!!!

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..

@LeeGordon-fp9zf

3 ай бұрын

Smart move.

I love how they make like the previous generation who received a pension was all set, No real analysis of if those pensions were sufficient. My dad seemed to believe social security would be his retirement plan. He also made no effort in becoming financially literate. On top of that he chose a career that didn't pay well. Not a winning approach but at least I learned from his errors.

Thanks for the info, to know investing

Worked full time from 15 to 55. Part time from 55 to 65. Got caught by the pensions mis selling in the 1980s. Very bad advice from pension salespeople only interested in their commission with the result my private pension is rubbish. Invested in a second property also in the 80s. Thank goodness for increase in property values and inheritance. I am very lucky to have a decent income in my later years. My only enemy is inflation. The kids of today haven’t got a hope in hell.

@cynthiaayers7696

2 жыл бұрын

Sure they do, they just got to learn to work together and overtake what is. With what they have at their fingertips nowadays... oh yeah. "keyword" Learn. Age 65.

@sct4040

2 жыл бұрын

Never listen to salespeople, they are out for comissions only. I invested in Index fund in a low fee Vanguard mutual fund on my own. Then spread them out into treasury bonds, money markets. Diversify!!!!!! Paid cash for my apartment, low maintenance, low taxes !!!!! Stop buying stuff, you don't need much for a happy life. Do travel, broaden your mind. Stop listening to the news.

@joshuaanderson1712

Жыл бұрын

@@cynthiaayers7696 Just have to climb out of that well, sure the ladder's rusty but they just have to make that not be a problem somehow because there is lot of information out there. /s

18:02 I forgot how much younger he looked just 13 years ago. Being president ages you so fast

@chicnoir29

2 жыл бұрын

By the end of the first term, they had that brother down bad. The stress from being president is so great. Then Prez Obama had it worse than any other president in recent history when you think about the 2008 crash and open racism towards him.

@bipi4363

2 жыл бұрын

@@chicnoir29 He was a terrible president.

@ItsMe-on6tt

2 жыл бұрын

@@bipi4363 Obama was terrible, and yet the best in modern history. Crazy. FDR was best.

@perrymichales4242

2 жыл бұрын

Barack Obama is aging well despite serving as president for 8 years

@peachygal8856

Жыл бұрын

@@bipi4363 oh shut up, like you would be better 😂

They act like a pension is a 100% thing. One of the big problems with a pension is that you couldn’t easily change jobs and if the company went out of business, you lost your pension. The 401k allows you to have more choice and options with your life and money.

I love this I am 52 and I am getting ready

SO interesting to use VR to help us connect emotionally with our older selves to counter balance our human tendency to think about only now instead of the future (and especially deny we will be old!) I would love to use this technology myself for weight control and maintaining an exercise program! When more people get into VR, maybe Public Health and maybe even Financial companies that benefit from handling our investments should offer age progression on a subsidized basis to address some of these problems;) I read somewhere that if you decide what your food will be tomorrow in advance, it puts decision making into a different part of the brain and you make better decisions. I would buy such a VR program for food, fitness and finance!

So fast forward, those of us that were responsible and maxed out our Roth IRAs and contributed as much as possible in our 401ks, I am kind of terrified that the US Govt will decide to take that money from my family and give it to those who were irresponsible just like with most other govt programs...

@secretsquirrel6718

2 жыл бұрын

They already have! By printing money without abandon. It's call inflation and it has robbed you of at least 10% of your net worth! Not once but it happens automatically every year!

@dcg590

2 жыл бұрын

Me too. Always ‘giving’ money to people who didn’t earn it.

@issecret1

Жыл бұрын

They won't. You Americans are ridiculous. Your social programs are a joke

@vulpixelful

Жыл бұрын

This is a 🤡 take. This is how taxes work, _you_ benefit from everyone putting their share into the pot. I make six-figures, more than 120k, max out my retirement accounts, and support raising the FICA tax on my income higher than that. Because I would rather retire into a functioning society.

Excellent documentary!

@TheSmartLawyer

2 жыл бұрын

More people should watch

THX

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.

Love the idea of shared housing at retirement age. The younger people care for the older and as the old die, a new, younger person moves in. Like a conveyor belt, lol.

@MrGrenade121

2 жыл бұрын

Haha kinda depressing belt. But yeah

@TheSmartLawyer

2 жыл бұрын

How about I rent them all rooms? Sounds like a great rental property

@jaybartgis5148

2 жыл бұрын

Yeah "depressing".My mother and father gave everything for me and my brother. They WILL NOT grow old and die alone in some nursing home. Isn't going to happen to my loved ones on my watch.

@chicnoir29

2 жыл бұрын

@@jaybartgis5148 - You’re a good son ❤️

@stephenc2481

2 жыл бұрын

the solution actually makes sense. If you can't afford to be independent, why not combine forces!

Annuities are a last option if possible

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.

Daniel Biss is now my Mayor. That he sponsored Secure Choice is one reason I voted for him.