Here’s Why the 5 Years Before Retirement Are So Important (Double Your Savings!)

[@05kkmujgaa]

Rocking those NVDA, PALANTIR, TSLA, and APPL shares. Holding onto them for the long haul sounds good, but hey, I'm all up for grabbing those short-term chances too, aiming for that sweet $400,000.

[@MargotRobbie-n9d]

the strategies for short term profits 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.

[@EarlDavidson-c7q]

Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.

[@Resmith18S]

How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

[@EarlDavidson-c7q]

There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with MELISSA ELISE ROBINSON for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.

[@wealthychronicle-i1u]

I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks

[@MattsMkia]

Retirement isn’t an end goal, but a journey best secured by careful and consistent investments.

[@SandraDave.]

Retirement is the reward of disciplined investing over the long term, not just a destination.

[@RaymondKeen.]

My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.

[@ChristianKelv]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@RaymondKeen.]

Melissa Terri Swayne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@JohnSmith060]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing.. I will write her an e-mail shortly.

[@diane.moore-]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[@Grace.milburn]

Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

[@ThomasChai05]

Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

[@mikegarvey17]

In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.

[@mariaguerrero08]

@@mikegarvey17That's quite impressive! Can you share more information about your financial advisor?

[@mikegarvey17]

*Izella Annette Anderson* 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.

[@Daaannn-g6k]

Retirement is becoming increasingly challenging for many people. Low wages, inflation, and high rent costs make it difficult to save, and now, even middle-class Americans are struggling to buy homes-leaving them with fewer retirement options.

[@CarddtReddt]

The rising costs have disrupted my plan to retire at 62, work part-time, and save for the future. I can't help but wonder if those who went through the 2008 financial crisis had an easier time than I’m facing now. The combination of stock market volatility and decreased income is causing me concern about whether I’ll have enough saved for a comfortable retirement.

[@Toni__Michelle]

This is exactly why I value the expertise of a portfolio coach in guiding my daily market decisions. Their extensive knowledge in simultaneously managing long and short positions, leveraging risk for asymmetrical upside, and employing strategic hedging to mitigate downturns significantly enhances performance potential. With their skillset, underperformance is highly unlikely. Having worked with a portfolio coach for over two years, I have realized gains exceeding $800,000.

[@FrankJaaay]

Speaking of coaching, do you have any recommendations? I have about $80k to invest now that large-cap stocks are trading at a discount.

[@Toni__Michelle]

Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.

[@HotManP-l5g]

I looked her up online and have already sent an email. I’m eager to hear back soon.

[@t0dd000]

What terrifies me at the moment is that we are on the cusp of retirement, but a certain politician is coming into office who, if given his way, will wreck the economy. His own party is gearing up to try to stop him, but I'm unsure how successful they will be. Anyway. It will suck if we can't retire because we have to work an additional 15 years to make up the difference in the losses to our nestegg.

[@hownwen]

We accumulated in the 3 years before retirement age 60 and 55. Paid off mortgage because rate was really high. Retired to a different country. No car needed transportation affordable. Rents much much cheaper. We factored in healthcare which can be expensive but affordable...

[@snwbm]

The most important years are the first, middle, and last years of investing. If you do it right, the money grows your entire life and beyond.

[@Patriciabanks5]

This doesn't really surprise me. The situation has evolved. In my life, the idea of mini-retirement was revolutionary. I'm not waiting to be 65 and retire to some idyllic place. Knowing how to pay for the lifestyle is helpful. Earning money while enjoying a piña colada by the beach is, you know, helpful. If not, I could not have completed it.

[@frankbarnes22]

Yes, people tend to overlook that. You don't take your life savings and take off for Puerto Rico. Two major benefits are prudent investment and sound business judgment. Invest in real estate, stocks, and start-up companies. That is all.

[@monicawill5]

It's safe to say that not everyone possesses the aptitude for investing. However, it's always simple to heed the guidance of an expert, such as a financial advisor. The range of 10-40k is possible with the appropriate ones. If you're smart, online businesses are also a good investment.

[@Johnlarry12]

I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@monicawill5]

My CFA Carol Vivian Constable, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@Johnlarry12]

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.

[@serious_as_a_heart_attack]

Warren Buffett has already given over half of his shares away mostly to charity and is still one of the wealthiest people on earth. If he still had all his shares he would be worth over $500 billion today.

[@BennettElizabth]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets 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.

[@ThamaraSchlossarek]

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 daughter. 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...

[@BennettElizabth]

@@ThamaraSchlossarek Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*..

[@ThamaraSchlossarek]

@@BennettElizabth Oh please I’d love that. Thanks!

[@BennettElizabth]

*MARGARET MOLLI ALVEY*

[@BennettElizabth]

Lookup with her name on the webpage.

[@theukulelee]

I think I'm going to have to learn how to live on whatever my retirement provides. I started late in 40's, but the market never provided a decent return despite 15 years of 13-15% pretax contributions. Employer controlled investment choices. I looked at quarterly statement after statement and saw negative return values. I didn't realize I was leaking so much value from my portfolio. I finally left that job and was able to roll it all over into a traditional IRA that I control. I had access to any stock or mutual fund or ETF etc. that I wanted to choose. But I've only got five years left before I would like to stop working and only $140k in IRA because of all those negative return years that took -7 to -22% away (2022). I felt with compounding I would have at least $300k-$500k by 55. Now I have to practically engage in frightening day trading to get my portfolio to jump fast.

[@ray.steele]

Buffet was a legendary investor for growing Berkshire Hathaway when I was in grad school. He was 59.

[@williamclark1806]

The thing that sucks about HSA is that if you move jobs, they charge you fees to move the funds to a new HSA. Always getting played by financial institutions.

[@onedegreeadvisors]

Hi William, You may want to ask the original HSA provider if you can keep the account. Then, contribute to the new account through your employer (if they only offer one option). Thanks for watching!

[@thomasreedy4751]

Not sure what your HSA is but you can typically make free transfers from your HSA to a fee Free fidelity HSA as long as you don’t close the original . Closing might have a small fee but it is probably cheaper than paying maintenance fees indefinitely. I personally wouldn’t keep my HSA funds in an employer designated account because they charge fees.

[@chessmaster1115]

Google says = HSA Bank does not charge a fee for rolling over or transferring HSA funds. However, your existing provider may charge a fee to close your account.

[@serious_as_a_heart_attack]

Check around different financial institutions offer them for free; some pay interest or may offer investment options, some may be FDIC insured so do your diligence!

[@scabbymonkey1928]

I stopped my 401K and took out a max loan. I bought Bitcoin. I regret nothing. The US will have to tax every dime of your SS and 401K to balance the budget no matter who is in charge.

[@christoomey9890]

Good info.

[@onedegreeadvisors]

Glad it was helpful! Appreciate you watching.

[@Enthusiasmisgood]

Non American here. What is social security in this context? An aged pension?

[@onedegreeadvisors]

Thanks for watching! Here you go: www.ssa.gov/about-ssa#:~:text=Social%20Security%20provides%20retirement%20income,have%20limited%20income%20and%20resources.

[@notreal5311]

In the US, workers pay part of their income into social security as a payroll tax, where the worker and the employer each pay 6.2%. You need to pay in for a minimum of 10 years (most pay their entire working life). Payments are based on their highest 35 years of earnings. Its inflation adjusted and the worker can't start drawing it until at earliest 62 years old (with a penalty), normally at 67 years old, or you can delay taking it to around 70 years old to increase payments. The average worker benefit check is $1920.48. It is considered a safety net and not a pension but a lot of lower income workers depend on it and may be their only source of pension. Most of these videos are geared towards middle class (or upper middle class); some people can't afford to stop working etc.

[@Enthusiasmisgood]

@ Great explanation. Thank you.

[@Oglulubell]

I don’t see the link to the video you reference to plan expenses at retirement

[@onedegreeadvisors]

Here you go! Thanks for watching. Video: Stop Calculating Retirement Expenses Wrong (Do This Instead): kzbin.info/www/bejne/e5yynICDaciVjJosi=iqDPd1MG4NzWLxMA

[@모래시계365]

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