Close to Retirement With NO Savings?!? Do This ASAP!

[@austinbar]

It's recommended to save at least 15% 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 15% 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 compound interest and potentially grow your retirement savings over time.

[@joshbarney114]

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

[@rogerwheelers4322]

I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

[@FabioOdelega876]

This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?

[@rogerwheelers4322]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@FabioOdelega876]

Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

[@discoverglobeliving]

I remember cutting back on unnecessary purchases before retirement, and it made a huge difference

[@BethBooker-u7i]

was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 43 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 46 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Kathie Daisy Bosco. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

[@Kecia-f6k]

How can i reach her, if you don't mind me asking?

[@BethBooker-u7i]

@@Kecia-f6k Well her name is 'Kathie Daisy Bosco'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment

[@LavernSTERN]

Been debt free for two years thanks to Kathie Daisy Bosco. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

[@William-y1d-l5c]

The thing is people often doubt the prospects of financial advisors like Kathie Daisy Bosco in business/markets today. Well it gives me more time to get ahead while they stew in their own pity and doubts as they childishly complain about those spreading the word

[@BoxOfRain]

I would suggest looking at your Social Security statement by creating an account and logging in. When I looked at mine, it convinced me to wait until my FRA before taking Social Security.

[@johnolson4977]

Another great video and love the writing on the mirror

[@BridgetMiller-]

People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.

[@Lewistonwilliams-f5i]

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.

[@Theodorebarba]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@Theodorebarba]

I work with Jessica Lee Horst as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

[@Michaelparker12]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@j.patrickmoore9137]

I kept waiting to see you show what waiting to 70 would do...

[@Dontvotekamala]

Hit 115k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in January

[@SarahMorgan-f2x]

How please

[@Dontvotekamala]

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

[@Dontvotekamala]

She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.

[@KyrianJames-p1g]

😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!

[@Dontvotekamala]

I'm not here to converse for her but to testify just for what I'm sure of, she's trustworthy and best option ever seen.

[@jenm220]

Just a suggestion on a future video, would be great to see you walk someone through the process of setting up a part-time opportunity online as you have mentioned in this video. Sometimes showing what that would look like with someone who needs to add income to their lifestyle before retirement would be extremely helpful. Thanks for your informative content!!

[@Steve-gx9ot]

Ibwork 4 days a week at age 67 to pay bills and waiting to collect MUCH BIGGER Soc sec check at age 70. If health becomes issue in next 3 years, will collect earlier. Can live on ss just fine then an d increase bank account along the way for emergency. Biggest factors for me is a safe secure retirement with no debt

[@dklauf]

Youngsters are too distracted and too worried about FOMO to understand saving and compound interest. Good luck to them.

[@patrickjones1392]

I’m 62 , nearing retirement, but my plans are in disarray. I have a 30k annuity and a depleted 401(k) with only 150k left, leaving me uncertain about my financial future. Considering my circumstances, would it be wise to seek the guidance of a financial advisor to help me get back on track and make the most of my resources?

[@clementdan9417]

With everything going on, consider financial advsr … that is okay. You can get your money to work for you. but I would say delay retirement a little.

[@patrickjones1392]

I have heard how they can help you make the best decisions and to be honest I don’t want to lose anymore money or I will have to work a job in retirement to sustain for God knows how long.

[@richarddamien4654]

And what if that is all you have, even with SS you may not have enough to retire with. If you opt to work with a financial adviser, Dyor, make sure they are certified from AARP or FINRA.

[@kingcastro-s1p]

It's essential to find a fiduciary advsor who is legally bound to prioritize your interests and avoid conflicts of interest. My spouse and I work with Monica Mary Strigle, a retirement planner recommended by Danielle Dimartino Booth.

[@kingcastro-s1p]

Under her guide, we've diversified our investments across traditional IRA and individual brokerage accounts, mirroring her master portfolio. Our investments have grown by 74% in the past year, and she rebalanced our portfolio at the start of the year, helping us maintain a cautious approach with cash reserves amid market uncertainty.

[@terryB4713]

Always enjoy your video's..I'm a saver always have been. But I was curious what if I wasn't. Everything I practiced is what you presented.

[@Mimi-ry4dt]

Thank you. I actually do have savings, but I'm watching anyway. One can always learn something- if not for self, can pass it on. I don't have the savings I had 20 or 30 years ago. Although I invested early and for years, diversified, lived on a budget, several things put big dents in that - including family illnesses for which I helped, paid for my own health insurance, medical costs, an expensive divorce.

[@andykuzman]

I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $200k per year but nothing to show for it yet.

[@Charlesman_T]

money advice is subjective, what works for you may not work for me. I would suggest getting rid of any unnecessary purchases, especially things that cost you monthly, or better still consider financial advisory

[@everceen]

Agreed, I'm quite lucky exposed to finance at early age, started full time job at 19, purchased first home 28. Going forward, got laid off 36 amid covid-outbreak and at once consulted an advisor. As of today, I'm just about 10% short of $1m after significant investments.

[@justamanwithbeliefs]

@@everceen retired in my 40s after inheriting money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow and preserve our wealth... think your advisor can be of help?

[@everceen]

Can't divulge much here, I take guidance from a Pennsylvania-based advisor 'Karen Lynne Chess' and most likely, the internet is where to find her basic info, simply do your research.

[@reniedavisson8532]

Since 2019 my husband and I decided to live on just his salary. For 5 years I maxed out my 403b and 457b plan, and continued building a next egg of 150K. He contributes another 10 percent to his 401k. Altogether, we will have Social Security for both of us, my teaching pension (i just retired), and 4% withdrawals from roughly 650K and for a little while, a small amount from my part time job. We are fully retiring in 3 years with almost as much income as we've been living off of since 2019. Cut back now! Downsize if you have to. You'll be forced to do it in 5 years anyway.

[@kindnessmatters5215]

I squeeze dimes out of nickels. I save about $1100 per month. Have maybe $120k in various accounts. I don’t know how to pare down even more. I don’t go anywhere, no vacations, clothes are from goodwill for the most part, eat out rarely, cook from scratch, what the hell else am I supposed to do? Am an LPN and still on the floor, dont know ow that I can survive many more years of killing myself slowly. 😢

[@MargaretGSmith-c1q]

We’re in the same boat. I have a partner to help share expenses, but I still don’t have enough $$$ at this time. I’m getting anxiety because he’s in bad health, that will make me solely responsible for all household expenses. I might have to go back to work. Won’t be easy at mid60’s.

[@raycatlin3554]

Thank you for the insight Mr. Holy ! 🎯🧐 👍

[@screamineagle1240]

Great video as usual. Here's a thought, how about a white or at least lighter color for your new background video presentation.👍

[@1sec2midnight]

Your videos are very helpful. It's like going to doctor for a checkup, I'm checking my finances with the content of your videaos. Thanks. I have a simple question, what do you consider to be close to retrement? If someone is two years away form retirement do you consider that close? Or is one year close? Thanks.

[@Lourd-Bab]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@Bestjudy001]

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

[@Lourd-Bab]

@@Bestjudy001 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

[@Bestjudy001]

@@Lourd-Bab Oh please I’d love that. Thanks!.

[@Lourd-Bab]

@@Bestjudy001 Clementina Abate Russo is her name.

[@Lourd-Bab]

Lookup with her name on the webpage.

[@susandavenport9257]

I'm retiring and the expense I'm drastically reducing is my self-employment taxes . . . (while still working a part-time job).

[@martysmom3328]

Michigan Ave not Oak street!

[@RichardQuaid]

Michigan Ave. in Chicago is no cheaper than Oak Street.

[@lindanorton5562]

But we wouldn't really earn $ 3750 per month after the government takes taxes out. We actually have a lot less.

[@user-bg9em7ch6k]

Only if you’ve got other income streams also

[@jasonbroom7147]

Two minutes into this video and the word "budget" has not been mentioned. It is the single biggest cause of the issue being discussed, and the only real solution, yet the topic is being avoided like the plague. That's not surprising, since financial advisor's NEVER talk about creating and following a budget...it undermines their own need in many ways.

[@HolySchmidt]

Keep going. It’s covered in “spend like you are already in retirement.”

[@jasonbroom7147]

@@HolySchmidt - You tip-toe around the topic, but avoid the word. All financial advisors have a "feel-good" approach to money management, encouraging their customers to save as much as possible while never really addressing the core behavior that will facilitate such...a budget. Talking about budgets is boring. Nobody wants to hear it, let alone do it, so financial advisors avoid it, even though creating and following a budget is *the key behavior* that will enable someone to achieve financial goals. Without a budget, all of these other topics that you touch on are just pipe dreams.

[@DaveIngle1]

I noticed you didn't advise to start taking social security now (while still working) to help eliminate debit / mortgage faster so you might be able to live off just your social security payment in the future. What are your thoughts on that? I would believe getting debit free while still working might even allow someone to then put some money aside. Thanks as always for your videos!

[@cynthiadeg9206]

I can’t stand malls.

[@robertleach3905]

Started investing in the market after the kids became adults. About 450k saved and looking to be fully retired by end of next year.

[@Philipowen2040]

How do t get your services?

[@nickmadden3145]

If you’re not saving and planning for retirement by the time you’re 65 , then you’re the old dog that cannot learn new tricks. You’re a daily survivor who will most likely remain the same till ……

[@kwaichangcaine8234]

I'm 64 and I can't buy a new pair of Gashti 😪

[@themonogrammom]

Can you share the websites you suggested for providing services/goods online? I’m nervous to randomly search this topic.

[@robertbenefiel2781]

STOP SPENDING !

[@santiagovasquez1404]

i dont understand the vid ttle where do i get the cash to payoff anything mortgage cards etc. ??

[@twistedtrails8128]

wait a minute now! 60 thou a year, is that gross or net? sounds like gross to me...

[@thefirstpower]

Plan to retire early or you never will. 😭🙏

[@michaelswami]

I’m amazed by your ability to write backwards.

[@TomEdwardi]

!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated

[@FederickLeo]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@DerickSams]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.

[@FederickLeo]

My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L. I know that learning the ins and outs of the market isn't for everyone, that's why personally, Kristine oversees my investments.

[@DerickSams]

Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience..

[@TomEdwardi]

nice! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?

[@DrSchor]

make a budget.. Then apply The Micawber Principle: Living the Fundamental Law of Personal Finance That all you have to do. No doubt, not doing so before is how you got here.

[@pizza4me298]

Never heard of this, but after years of trial and error, it's exactly what worked for me. Wish somebody had told me when I was young, but I might not have been smart enough back then.

[@frostfox1208]

Rob a really big bank?

[@MJA5]

learn to code 🧑🏻‍💻 💀

[@percivalgooglyeyes6178]

I haven't made what some would call traditional investments like 401K and such, but I've heavily invested in body art from up-and-coming artists that not only has a good chance of appreciating in value but has intrinsic value to me. I know nobody can take my tats away unlike any other investments.

[@ronniewilliams-g222]

The level of inefficiency and corruption in this administration is becoming absurd. Those who are disabled and do not receive the support to which they are legally entitled make me sad. I sincerely thank you, June Renae Matthysse. Imagine making $6k in 20 days with an investment of $1.5k.

[@RhysHuntoffice]

That woman transformed my entire life for the better. Among the folks I've met, June appears to be the most trustworthy. I'm surprised you know her as well.

[@macklyn]

You remind me of a scammer. So does the other commenter on your comment. Just sayin'