How Much You Should Have in Your 401(k)-By Age

Рет қаралды 564,622

Күн бұрын

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Have you been saving enough for retirement? In today’s video, we’ll look at what average Americans have saved for retirement by age so you can see how your nest egg stacks up.
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@Raymondcraw1967RaymondCrawley 5 күн бұрын

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

@FaithAndrada-xo9ou 5 күн бұрын

It's impressive how much you saved during your working years, a feat not many achieve in a lifetime. Now that you're retired and rely on your investments, it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.

@BrewerVera 5 күн бұрын

Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.

@VanessaWilliams-pu8vt 5 күн бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@BrewerVera 5 күн бұрын

Rachel Sarah Parrish is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@VanessaWilliams-pu8vt 5 күн бұрын

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

@PaulineJones7 Күн бұрын

I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.

@MckenzieGilbert4 Күн бұрын

The safest approach I feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

@ChristopherCamacho31 Күн бұрын

@@MckenzieGilbert4 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.

@PaulineJones7 Күн бұрын

@@ChristopherCamacho31 This is considerable! think you could suggest any professionals/advisors? I'm in dire need of proper portfolio allocation.

@ChristopherCamacho31 Күн бұрын

@@PaulineJones7 My CFA ’ is “Victoria Carmen Santaella”, 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.

@PaulineJones7 Күн бұрын

@@ChristopherCamacho31 Appreciate this recommendation, hopefully, I can get some insight into where the market is headed and strategies to beat the downtrend when I hear back from Victoria Carmen Santaella.

@TheJackCain-84 8 күн бұрын

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k

@kevinmarten 8 күн бұрын

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

@JacquelinePerrira 8 күн бұрын

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

@Jamessmith-12 8 күн бұрын

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

@JacquelinePerrira 8 күн бұрын

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@Jamessmith-12 8 күн бұрын

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

@Riggsnic_co Ай бұрын

With Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio.

@JacquelinePerrira Ай бұрын

For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.

@Syndiewndell Ай бұрын

Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

@kevinmarten Ай бұрын

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

@Syndiewndell Ай бұрын

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@kevinmarten Ай бұрын

She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.

@HodgeChris Ай бұрын

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

@brucemichelle5689. Ай бұрын

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

@carssimplified2195 Ай бұрын

Agreed the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around $300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

@KaurKhangura Ай бұрын

this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

@carssimplified2195 Ай бұрын

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 ‘’COLLEEN ROSE MCCAFFERY” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@KaurKhangura Ай бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@jose2212- Ай бұрын

I am only 35 years old this year, and I have $10k in additional retirement accounts in addition to slightly less than $40k in my own 401(k). My spouse, who is not employed at the moment, has approximately $41,000 in retirement accounts. Right now, I make almost $63k annually. I contribute just 5% of my income to my 401(k) through the company match, and the remaining 10% is divided between an HSA and an ROTH IRA.

@albacus2400BC Ай бұрын

In my Fidelity retirement account, I have $245,388.35. I increased my contributions to 25 percent and handle all of the investing myself. Fidelity merely manages my stocks and ETFs. That was a change I made earlier in the year. Although it's looking more like 63-ish, my goal is to finish the rat race by 65. My goal is to have $1 million and earn roughly $50k in dividend income annually.

@FrankPatrick-no8zo Ай бұрын

I wholeheartedly concur; I'm 58, recently retired, and have about $1,450,000 in outside retirement assets. I have no debt and, when compared to the value of my entire portfolio over the previous three years, I have very little in retirement funds. To be honest, investing with a portfolio advisor is brilliant!

@RuthEvelyn-rc3bg Ай бұрын

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

@FrankPatrick-no8zo Ай бұрын

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@AustinWalter-pq1ud Ай бұрын

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

@Stephine-un5zs Ай бұрын

My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.

@Manselus-mn1mn Ай бұрын

As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.

@MablePauls Ай бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.

@SirBenjamin-oq1wd Ай бұрын

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

@MablePauls Ай бұрын

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

@SirBenjamin-oq1wd Ай бұрын

Thank you for the pointer.

@jameswood9772 Ай бұрын

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

@alexyoung3126 Ай бұрын

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

@williamyejun8508 Ай бұрын

@bobbymainz1160 Ай бұрын

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@williamyejun8508 Ай бұрын

Rachel Sarah parrish is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@bobbymainz1160 Ай бұрын

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 résumé.{

@Theresaa12 26 күн бұрын

As a soon retiree, keeping my 401k on course is my top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated

@Debbie.Burton 26 күн бұрын

sure there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.

@A_francis 26 күн бұрын

Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K that made it clear there's more to the market that we avg joes don't know

@judynewsom1902 26 күн бұрын

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@A_francis 26 күн бұрын

*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@EverlyndPerez 26 күн бұрын

Thank you for sharing, I must say, Sharon appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled

@dianarabbanii2 2 ай бұрын

Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance

@TariqSinghKhan 2 ай бұрын

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.

@NatalieFormor 2 ай бұрын

@LaurenFeller-dd7uf 2 ай бұрын

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

@NatalieFormor 2 ай бұрын

ELISSE LAPARCHE EWING is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@scottjuarez9549 2 ай бұрын

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

@Emily-le2op 9 күн бұрын

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation

@AmyPorterfield11 9 күн бұрын

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

@SlParkerlee 9 күн бұрын

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

@Tevez875 9 күн бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@SlParkerlee 9 күн бұрын

Melissa Jean Talingdan is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@Tevez875 9 күн бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@victoriaabott Ай бұрын

As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.

@kurtKking Ай бұрын

Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.

@MickyGlover Ай бұрын

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@Adambarking Ай бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

@MickyGlover Ай бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with 'MICHELE KATHERINE SINGH' for the last five years or so, and her returns have been pretty much amazing.

@Adambarking Ай бұрын

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

@WestonScally7614 Ай бұрын

Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

@sting_grayl Ай бұрын

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

@SaintYvess Ай бұрын

I work with *Jennifer Leigh Hickman* as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

@JordanReam8186 Ай бұрын

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

@eric3434 Ай бұрын

VOO and chill.

@shaquillebrooks4905 Ай бұрын

@westonscally7614 if those investments drop you are screwed If social security reserves deplet in 2034 you would have only been able to collect 100 percent of what your parents got for 10 years after all the years you have put in Need more vehicles outside of the 401k and IRAs the market is to unpredictable

@AnnieOuelletAnnieOuellet 24 күн бұрын

*I'm 50 years old and living in Germany Berlin🇩🇪 I'm willing to retire at 55 if things keep going the way I planned bought my first house last week I'm glad I made a productive decision that has changed my life forever can't be more proud that I'm right now*

@PatrickWilkinson-he9iu 24 күн бұрын

Congratulations you are really doing well at your age im 45 and my finance are in rally in mess right now and great tip will really go along way in shaping my life im open for idea

@AnnieOuelletAnnieOuellet 24 күн бұрын

_Sorry for late response I was able to do this because I understand four pricinciples of financial planning success think long term with goals and investing, spend less than you earn maintain liquidity (an emergency savings) minimize the use of debt and with the help of financial advisor Ava Brenda Harry I made over $120k in crypto

@JoelGray-hp3sm 24 күн бұрын

Money invested is far better than money saved, when you invest it gives you an opportunity to increase your financial worth

@Clara46630 24 күн бұрын

I know this lady just mentioned here . She's really good with and on her job. She's helped a couple of families and individuals' finances

@LilySmith-uk9ho 24 күн бұрын

YES!!! That's exactly her name( Ava Brenda Harry) so many people have recommended highly about her I'm huge beneficiary of her platform from Brisbane Australia 🇦🇺

@lawerencemiller9720 3 ай бұрын

I just 30 this year and have just under $40k in my own 401k and another $10k between my other retirement accounts. My wife has about $41k in her retirement accounts (she is not currently working). I currently make close to $63k a year. I only do 5% though to my 401k for the company match and another 10% of my income is split between an HSA and a ROTH IRA

@alexyoung3126 3 ай бұрын

I have $295,588.25 in my Fidelity retirement account. I cranked my contributions up to 35% and I do all the investing on my own. Fidelity just holds my ETFs/stocks. I made that change earlier this year. I'm hoping to end the rat race by 60 but it's looking more like 63-ish. I want to have $1.5M and bring in about $60k in dividends each year. Pedal to the floor! Thanks for the video. Great content.

@williamyejun8508 3 ай бұрын

I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 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, having a portfolio-advisor for investing is genius!

@jessicamoore3093 3 ай бұрын

As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?

@jessicamoore3093 3 ай бұрын

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

@conspiracystacker 3 ай бұрын

Watch the great taking by david webb. Your money is not going to be there for you.

@Patriciacraig599 5 күн бұрын

Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

@Robertgriffinne 5 күн бұрын

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

@PhilipMurray251 5 күн бұрын

True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.

@Patriciacraig599 5 күн бұрын

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

@PhilipMurray251 5 күн бұрын

'Linda Aretha Reeves' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@Alejandracamacho357 5 күн бұрын

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

@Doracox22 Ай бұрын

I'm left struck with thousands of dollars disappearing from my 401k due to soaring inflation, and my concern is where to safeguard and grow remaining cash about $500k+ for the next 2-3 years at no risk, my goal is to retire early and afford my lifestyle after retirement.

@blind_luck_ Ай бұрын

Dont think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor to ensure appropriate investment planning.

@TylerofSc004 Ай бұрын

True. I’ve been investing in the money market for 11 years now, last 5 years with the help of a financial planner. Throughout these years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1m roi as of today. My best so far

@AntagonisticAsian Ай бұрын

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

@TylerofSc004 Ай бұрын

"Jill Marie Carroll" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@AntagonisticAsian Ай бұрын

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

@traviswes7082 13 күн бұрын

I don't have any reasonable sum in my 401k. I already own shares of NVDA, PALANTIR, TSLA, and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less..

@Patriciacraig599 13 күн бұрын

If you need advice on short-term investments, consider speaking with a financial advisor. They have a lot more knowledge and expertise in this area.

@tommychestnut5335 13 күн бұрын

A lot of folks downplay the role of advlsors until being burnt by their own instincts. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.

@Natalieneptune469 13 күн бұрын

This is definitely considerable! think you could suggest any CFP I can get on the phone with? I'm in dire need of proper portfolio allocation.

@tommychestnut5335 13 күн бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with 'KATHLEEN CHERYL CONSTANTZ' for the last 2 years, and her returns have been pretty much amazing.

@Natalieneptune469 13 күн бұрын

She appears to be well-experienced and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

@MathiasLaurel Ай бұрын

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

@TariqSinghKhan Ай бұрын

@NatalieFormor Ай бұрын

@KangMinsu122 Ай бұрын

Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.

@NatalieFormor Ай бұрын

Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@scottjuarez9549 Ай бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@bernadofelix 2 ай бұрын

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.

@Suleferdinand 2 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.

@Jersderakerguoe 2 ай бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@ScottKindle-bk3hx 2 ай бұрын

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

@Jersderakerguoe 2 ай бұрын

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@GeorgeDean-km3wm 2 ай бұрын

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.

@ArfaanaBinUmar. 5 күн бұрын

There seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to invest $150,000 into my stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.

@EmiliaAbelard 5 күн бұрын

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

@NatalieFormor 5 күн бұрын

@TariqSinghKhan 5 күн бұрын

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@NatalieFormor 5 күн бұрын

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

@scottjuarez9549 5 күн бұрын

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

@chigoziejoshua3479 Ай бұрын

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

@chigoziejoshua3479 Ай бұрын

@festusmadidi2634 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

@johnpaul8394 Ай бұрын

@festusmadidi2634 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

@SammyIglesias4665 8 күн бұрын

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.

@Williams093 8 күн бұрын

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

@SammyIglesias4665 8 күн бұрын

@@Williams093 However, if you do not have access to a professional like JUDITH ANN PEACE, 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

@Williams093 8 күн бұрын

@@SammyIglesias4665 Oh please I’d love that. Thanks!

@SammyIglesias4665 8 күн бұрын

@@Williams093 Judith Ann peace is her name

@SammyIglesias4665 8 күн бұрын

Lookup with her name on the webpage.

@Z28L98 4 ай бұрын

I'm 42 with $997k in my 401k. I started working full time right out of high school. I'm still with the same company. I've been in their 401k plan since I was 18. I contribute 10% and get a 4.75% company match. Compound interest is you best friend. The sooner you start, the better off you are.

@gbb82 4 ай бұрын

Financial stud.

@teddyruxpin7876 4 ай бұрын

Roughly were i was at your age. 750k home equity and 1.4M in 401k/IRA, 47 y/o

@Z28L98 4 ай бұрын

@@gbb82 Thank you 👍

@Z28L98 4 ай бұрын

@@teddyruxpin7876 excellent work my friend.

@misstrice84 4 ай бұрын

You are killin' it!

@MaxWell-pp9zs Ай бұрын

Seeing the struggles of those in their 60s and 70s is truly eye opening. It's a stark reminder of the importance of taking charge of our financial futures, regardless of our age

@RobertNoppers Ай бұрын

It's never too late to make a change. despite health challenges forcing me to consider retirement at 56, I committed to smart investing. Fast forward two years, and I've saved $1 million, closing in on my $2 million retirement goal by age 60. It's a journey of resilience and determination

@Joe900-px3nt Ай бұрын

you are lucky to have turned things around as timely as you did. But hey, better late than never, right? I'm in my 30s and feeling the pressure to catch up

@RobertNoppers Ай бұрын

I credit my research that led me to Emily ava milligan, a top fund manager, rather than luck. 300K to this amount was not coincidence. time to buckle down and get serious

@GLADIATOR-tz7yt Ай бұрын

our journeys share similarities. Following my divorce settlement that left me with $215k, I entrusted an investment to a skilled fund manager. In just two years, that decision turned my returns into $1.1 million. i’m eyeing a countryside retreat for retirement

@AlexMorgan-ti6nv Ай бұрын

After quickly copying and pasting her name into my browser, her website popped up immediately. It's rare to stumble upon such tangible examples for reference. Thanks for sharing

@MiaDavis001 3 ай бұрын

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.

@NoahAnderson3000 3 ай бұрын

In fact, despite having no experience or prior knowledge when I began investing in 2018, by the end of 2019 I had made a profit of over $750k. I had merely been adhering to the advice that my financial counselor had given me. This demonstrates that all you really need is an expert to assist you; you don't even need to be a great investor or put in a lot of work.

@JanAlston-kd6yl 3 ай бұрын

I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an investment-advisor, I wouldn't mind looking yours up.

@NoahAnderson3000 3 ай бұрын

NYCOLE CHRISTINA VANNATA is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@josebarriosve 3 ай бұрын

The fuck is this whole ad in the comments 😂

@americandissident9062 2 ай бұрын

Get a Ramsey approved financial advisor and see what they say.

@brandonl.p.meloche3912 4 ай бұрын

I’m 24 years old, I have a bachelor’s degree and an MBA, I have a paid-for car, and I just became debt-free on Thursday the 18th of January.

@M22Research 4 ай бұрын

Have the same degrees and retired at 60 - start saving 15% now and your 50 year old self will thank you! I did not get serious with 15% until about age 30. Hit $1mil nest egg at about 55. About 1/3 was contributions (me and employer), the rest, growth. Never had any debt other than a mortgage. (Actually did have about $10K school loans but paid those off in a couple years.)

@anthonys5568 4 ай бұрын

Good on you! Now keep your debt down and rack up the savings now. It will amaze you how much it will compound to when you are my age. Compounding works!

@jamesp8459 4 ай бұрын

Congrats, I did that once and the feeling was wonderful, it's nice to have cash stacking up everywhere once your hard earned money isn't going to your debt masters.

@kevo212 4 ай бұрын

good for you! start saving as much as you can allow yourself in your retirement investments. I’m doing good but I also wish I sacrificed even more at your age

@blastorange2460 4 ай бұрын

I bought my house at your age have a pension,multiple retirement accounts,multiple cars and am on track to make six figures in a few years I turned 28 on the 18th. No college by the way and I’m gonna out earn 99 percent of you.

@src4409 4 ай бұрын

I think most people in their 20s could not afford to invest 625$/mo. I know that I would have struggled to invest more than 200$/mo

@avisharma1006 4 ай бұрын

I think it's about prioritizing whatever you can invest. I probably spent $2,000 on crap every month in my 20s and told myself that I didn't have enough to invest in retirement.. Boy I wish I did something instead of nothing back then.

@solacemusic242 4 ай бұрын

Agreed, a better approach would be starting with a smaller percent, then include salary increases and gradually increasing contribution. But the example George uses is less complicated for a quick run through as he is doing. But the numbers end up the same or similar, using conservative salary increase, and ending up at 15-25% contrib in 60's.

@agtsmith87 4 ай бұрын

@avisharma1006 After taxes in my 20s, I barely made 2400/mo, best u could do was 200 each month to save. I did better later, but the vast majority of people will never have the income to really start this, one thing never really talked about.

@occamsshavecream4541 4 ай бұрын

Exactly! I was well aware of this even in my twenties but despite my best efforts to make a higher salary, it didn't happen until my 50s. @@agtsmith87

@ConquestThe4th 4 ай бұрын

I'm in my 20s investing exactly 625 a month. However, many people my age have loads of debt, wasteful spending, and no aspirations of sustaining their own lives. You get out what you put in

@darex0827 4 ай бұрын

These numbers suggest a lot of people are not going to be prepared for retirement. Not even close....

@gabrielj.negrontroche4188 4 ай бұрын

My wife and i have been busting our butts with the 15% just like they said and we make decent money in my opinion and our employeers really just dont match 💩. 401k match is 2% If what they say is true then we are never going to retire

@mikegrande2560 4 ай бұрын

Correct. My employer only matches 2% also but I’m putting 25% of my paycheck towards 401k but I’ll consider 30% soon and I’ve only been at my current employer for 6 months so I’ll also consider somewhere else if the money is good and 401k contributions are also better

@funtechu 4 ай бұрын

Yep

@adamgriffith768 4 ай бұрын

@@gabrielj.negrontroche4188you're doing great man its a process and you'll get there! Some companies like mine don't match at all, so 2% is better than nothing! It at least covers any 401k fees.

@Mactakun 4 ай бұрын

@@gabrielj.negrontroche4188I don’t have any match so count yourself lucky

@andersonedward787 3 ай бұрын

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

@geraldt331 3 ай бұрын

The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.

@Jadechurch-ql3do 3 ай бұрын

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

@yeslahykcim 3 ай бұрын

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

@Jadechurch-ql3do 3 ай бұрын

Yvette Ruta Musto' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@Christiehoodenpyle 3 ай бұрын

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

@RyansuBike 4 ай бұрын

As a 59 year-old I tend to avoid these videos as I know I am Waaay behind, but my Mantra is "I'm at where I'm at and I will do my best in the now" I got all my debts paid off 2 years ago, have a 6 month emergency fund, and am up to 15% invested in IRA./401k per month right now. In 18 months I will be through helping my daughter with college and can throw even more $$ at retirement.

@dustyrhodes2717 4 ай бұрын

Nice to help your daughter but if you are really behind be careful.

@RyansuBike 4 ай бұрын

@@dustyrhodes2717 I understand the logic but my parents paid for my college and I am only contributing a portion of my Daughters, something I do as a matter of principle.

@lailas.3205 3 ай бұрын

I know this may sound harsh but your college-aged daughter has a lot more time than you do to build her retirement savings. It's worth considering focusing on beefing up the funds that you will need to survive on for the next 30 or so years. It would be a hard conversation but with time your daughter would understand.

@RyansuBike 3 ай бұрын

@@lailas.3205 I understand the logic but my lack of retimrement is my issue, not my Daughters. I would like to provide for her what my parents did for me a debt free start to life after college. And I am contributing quite a bit to retirement right now and will increase my savings when she graduates in a year

@cardiac711 4 ай бұрын

Bought my first home at 53. 😏 Literally not the smartest apple in the bucket. It took me decades to figure out my career. Hindsight thank God I didnt get student loans. I worked low paying jobs(more than 2 sometimes)until I was around 40. I graduated from community College at 39 finally found a decent paying job at 40. Ive currently been there 13.5 years. Found Ramsey 5 years ago and ive been debt free since then. I purchased a home 15 months ago and now I'm focused on paying it off. I work overtime to get it done faster. I have CD, 401k and regular savings. Yet I will probably be working til Im in my 70's. 😏 I pray for strength, great health and right state of mind. 🙏🏿

@josephmartinez8166 2 ай бұрын

you have an awesome story. best of luck to you and i hope that you'll be able to accomplish all that you set out to do.

@xavier_lucas 4 ай бұрын

I enjoyed this content. Although I have been watching less yt and doing more research. My retirement contributions are not making my 401k any better, should I buy popular index funds in a brokerage account, is this a better alternative to outperform and rebuild my retirement?

@FranciszekPawal 4 ай бұрын

My suggestion to any investor old or new is to always learn to do your own research and don’t just go buying stocks without proper considerations. Most of what is pumped out by the media is what most KZbin ‘fin-entertainers’ churn out to you as fear uncertainty and doubt.

@_davidturner 4 ай бұрын

Agreed. That and reading some basic principles laid out in books like The Intelligent Investor by Benjamin Graham. There are also good KZbinrs out there like Felix, Graham Stephan, Humphrey Yang and a few others, but generally you are right.

@Javier_Rodri 4 ай бұрын

Its unclear which stocks and sectors will lead the market in the next uptrend. Stay away from the stock market if you do not have guidance from a plannner and investment strategist. My finances have been in order since I got a wealth planner like Monica with a 600 B AUM working for me.

@xavier_lucas 4 ай бұрын

Who is thismonica you speak about? I have also been searching for a fin-adv who can direct us on where the economy is headed new year. I don’t live in a big city.

@Javier_Rodri 4 ай бұрын

monica mary strigle...consult w/ this lady no upfront fees.

@mike867 4 ай бұрын

Sadly, this entire video is based upon whether or not you invested $625.00 / month starting at age 25. Now I'm sure there are some folks out there who were able to do that. I am not one of those folks. And I feel that there are millions of others like me, who started with less money and perhaps a bit later than that.

@darinherrick9224 4 ай бұрын

This entire video assumes that you have wealthy parents who pay for your college and set you up with a cushy high income job in your 20's. If you're working at McDonalds or hell even starting a white collar career in your 20's this video is pure fantasy. If you have college loans you have to pay yourself and then have children it's downright hilarious, or crushingly depressing. And if like me you have a chronic illness that wiped out your savings it makes you feel like giving up. All these calculations assume you never have children, never become long-term unemployed, never have loans to pay, and never get sick. Insanity unless you're from a rich family.

@15KHPCLUB 4 ай бұрын

⁠@@darinherrick9224 Facts, my adoptive parents are both doctors and didn’t get out of debt until they were in their late 30s and had their own practices. I did it in my late 20s, but had a substantial structured settlement from multiple class action lawsuits which propelled me to success, otherwise I’d still be 34 today working a regular job, barely making it. You need luck, something most unfortunately don’t have.

@fredblake6135 4 ай бұрын

@@darinherrick9224 You are absolutely correct. I've been working jobs since the age of 10 and now getting close to 60. I started saving as much as I could in my early 20's, lived within my means, been laid of from jobs twice and overcame cancer. So much of life is financial luck.

@Dustin-tt4gx 2 ай бұрын

Just follow these guys. Don't buy expensive cars or trucks. Also never stop trying to make more money

@Rhgeyer278 4 ай бұрын

Thanks for the video. I finally established a way to increase my net income per month. My 2024 goal is to pay off the house by Sept 2024 (8 years total into a 30 year @ 4%). I have no debt other than mortgage. My 401k, HSA, IRA and emergency funds get maxed out. The mortgage is my last piece of debt left. I don't have any school loan or CC debt. I've made a lot of sacrifices over the years. I'm almost at the debt free finish line.

@PennyBurdick318 4 ай бұрын

Congratulations on taking the steps necessary to get yourself out of the financial bind you were in.

@Byrondavis89 4 ай бұрын

Facing your medicine can be difficult. However, with commitment, you'll ultimately reach a highly satisfying place. It's all about the actions you're willing to take.

@RandalHebert 4 ай бұрын

Your financial journey is truly inspiring, and I'm currently striving to achieve the goals you've reached. Could you please share some tips to help others learn and navigate their own paths to financial success? Your insights would be invaluable.

@Rhgeyer278 4 ай бұрын

Samuel Peter Descovich that's whom I work with

@Rhgeyer278 4 ай бұрын

SAMUEL PETER DESCOVICH GOOGLE the name

@contextual_investor6139 4 ай бұрын

I’m 29 and only have $40k in my 401k, but if you add together my other retirement accounts (IRA, Roth IRA, HSA) I just crossed the $100k mark. Gotta beat that average 💪

@gbb82 4 ай бұрын

Age 29 and only have 40k in 401k? You’re doing good and you’re on your way, as long as you keep contributing and don’t withdraw from it until retirement. I started contributing to retirement at age 30 in 1992. I’m age 62 now and my investments total a little over 600,000, and I contributed peanuts the first ten years. Thankfully I have a military pension so I don’t need to touch that now. Keep up the good work.

@anthonys5568 4 ай бұрын

Good on you! I did the same in my 20s. Now I'm in my 50s and amazed by how much it compounded! Keep at it!

@TartarianTopG 4 ай бұрын

When did you start maxing Roth?

@spdog3344 4 ай бұрын

You are killing it, keep at it!

@contextual_investor6139 4 ай бұрын

@@TartarianTopG I opened my Roth at 18, but was only able to max it out in the last two years. Before that I would just contribute what I could

@mattbleiler7294 4 ай бұрын

I only did the 4% match for the first 10 years of work. Then did about 10% for a few. Now I’m doing 27%. I love watching it grow. I now have $210k at age 41.

@Jbridge621 4 ай бұрын

I know a beautiful man with a mild learning disability, who worked for a grocery until he died recently unexpectedly in his late 50’s with a wife and daughter. All of his siblings have advanced degrees in high-power professions but this humble man lived a humble life and put back for retirement from day one and had a life insurance policy. Everyone was surprised how he left everything beautifully set up for his wife and child financially. They will be fine. The power of compounding and saving is a wonderful thing to harness for your family.

@lostintranslation9680 4 ай бұрын

Everyone likes this!

@mmmd3429 4 ай бұрын

What I get from that is retire early and spend some of that money to enjoy life along the way. Smart for him setting everything else up though.

@jasonmoquin 4 ай бұрын

When I watch these "how much should you have by age" videos, it really does drop my spirits. Sadly, I'm one of the people who ignored the entire concept of retirement investing until I was 40( I know...incredibly foolhardy) and I'm 53 now. Although I am ahead of the 'average'(must be the median number he's displaying) for my age, by about 100k, I feel like I'll never catch up to where I SHOULD be had I just delayed buying crap and newer cars every few years that I didn't even need. Stupid, I know. Now I live lean, work an extra PT job to pay down the mortgage faster, and sock away 51% with the company match, but it's kind of too late to get to where I should be. That being said, I refuse to give up and will keep throwing everything I can at it, plus pay my house down quickly, but I can understand how some people might feel like there's no hope if they started late and don't make a large income. I mention it frequently to the young people I work with at both jobs, just how incredibly important it is to start investing young, as time is your financial super-power. I hope some of them listen and not do what I did.

@gbb82 4 ай бұрын

Reading your post gives true meaning to the phrase that comparison is the thief of joy. Age 53 with 200k in retirement is a great position to be in. Sure it could be more; you were footloose along the way, but 200k is where the compounding will help along the way. I’m 62 with 600k in retirement; if you keep contributing and don’t touch that money, you should have more than 600k at my age. I worked at Fidelity my last 5 years in the workforce and I took many calls from people in their 60’s 70’s even 80’s who had nothing saved. Some had 10, 20, maybe 30k, it was sad. You are clearly not one of those callers. Keep working, but have a beer and celebrate; stop comparing yourself to Warren Buffet.

@ewanfraser 4 ай бұрын

@@gbb82why were they calling Fidelity with nothing saved? Were they trying to start at the end of the race?

@gbb82 4 ай бұрын

@@ewanfraser You did not want to listen to some of those calls. These people were old and could no longer work. They would ask me to check to see if they had a 401k. After searching, when I told them they did not, and how come they were calling us, they said they knew they did not contribute, they were just calling companies like Fidelity and Vanguard to see if some company that they used to work for put aside money for them. I remember one old lady crying and asking me: “What am I supposed to do, I have no money” I could only apologize, I had no other answer. Some had a 401k, took it out early and would call back 20 years later expecting something. I had a nurse call me during COVID, when the market was tanking. She said she was getting ready to retire, had not checked her 403B in an awhile and wanted to know the balance. It was around $30,000. When I told her, there was dead silence. Then she said: “That’s it? After 30 years looking after patients, that’s all I have?” She cried so hard that morning, I could not end the call, I had to wait until she composed herself. I will never forget that call. Trust me, the suffering is real for those who don’t prepare themselves for old age in America. No one is coming to rescue you. Keep up the good work.

@bucknut9475 4 ай бұрын

You have $100k more in your retirement than most people your age even with a much later start than you would have liked. That’s something to be proud of. Thank you for sharing your wisdom with the young people in your life. Warren Buffet says once you hit $300k you are halfway to a million. So retiring a millionaire is not out of reach. Don’t be discouraged. You can’t change the past but you did change your future.

@matthewmcnemar8248 4 ай бұрын

I'm 40 years old and have $50k in retirement funds. I have $43k less than the median. I can't save more because I make very little. My expenses are cut as much as they can be. I do have an emergency fund and a little bit of savings for like car repairs but I'll be working until I die no matter what I do.

@victorblas3483 4 ай бұрын

My company contributes 8% even if you dont contribute at all, so been doing 16% for 11 years. My balance is at around 243k right now, and I'm 34! Now focusing on baby step 2 and paying off debt!

@tonypreston7278 4 ай бұрын

That’s a good deal!

@victorblas3483 4 ай бұрын

@@tonypreston7278 we also get a bonus 2.5% salary bonus each year contributed if the company is profitable which it usually is.

@WRBWRXWGN 4 ай бұрын

Solid, dude! Keep up the good work.

@victorblas3483 4 ай бұрын

@@WRBWRXWGN thanks! I recently reduced my contributions to zero, but work still does 8% so I can focus on consumer debt. Hoping to tackle four or five credit cards this year and 5k of student loans left

@nickcarozza9785 4 ай бұрын

@victorblas3483 Is it Roth? Remember match beats Roth, Roth beats traditional. So if they give 8% regardless it isn’t considered match. If it’s a Roth with great options stick with it! But if it’s traditional I would switch your contributions to a Roth.

@keenandevier8053 4 ай бұрын

I am 25 years old with just over 5k in retirement savings, I just started last year. I saved 15%

@tracyaf6084 4 ай бұрын

Keep on that path and you’ll be set! I didn’t start until I was 28 and I have a half million now in my mid 40s. That with a paid off house makes a comfortable retirement very likely.

@Dvxit 4 ай бұрын

Good on you bud!

@legiterneyy 4 ай бұрын

@@tracyaf6084 I just turned 28 years old last week with just over 5k in retirement savings in my Traditional 401k. I started last year as well and only save 6% with my company match. What should I do differently or add to my portfolio the way you did since you started at that age as well to get where your at? If you could of done it differently what would that be? I want to start my savings journey the right way this year and save more.

@todd2456 4 ай бұрын

Age 52 - $2.6M in all retirement accounts combined. No debt. No mortgage. House value is $2M.

@spdog3344 4 ай бұрын

That’s goals right there.. well done 👏🏻 2M house paid off is crazyyyy

@todd2456 4 ай бұрын

@@spdog3344 We paid it off last summer. Paid off the last $900K of it in 30 months. It was every extra penny we had.

@boredoreos 4 ай бұрын

Great Job! Age 44. $2.8M. Two paid off houses worth $2.3M.

@todd2456 4 ай бұрын

@@boredoreos Daaang!! Nice work!!

@gthree0239 4 ай бұрын

Noice

@austinbar 4 ай бұрын

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.

@rogerwheelers4322 4 ай бұрын

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.

@joshbarney114 4 ай бұрын

I completely agree; I am 60 years old, recently retired, 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 4 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 but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@joshbarney114 4 ай бұрын

I definitely share your sentiment about these firms. Finding financial advisors like Colleen Janie Towe who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@SkylerF 4 ай бұрын

Bruh

@benitabussell5053 4 ай бұрын

As a soon retiree, keeping my 401k on course after a rocky 2023 was my top priority, but I have been reading of lnvestors making up to 250k ROI in this current market, and it’s overwhelming. any recommendations to scale up my ROI before retirement will be highly appreciated.

@EverlyndPerez 4 ай бұрын

The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

@RickWatson-xu6gw 4 ай бұрын

The best course of action in the current market is to work with an investment advisor, especially for near-retirees. I've been working with a coach for a year now, primarily because I lack the depth of knowledge and mental toughness to handle these recurrent market conditions, even though I've already made over $320K in profits. It's evident that there are more aspects of the market that average people are unaware of than investment advisors are.

@Theresaa12 4 ай бұрын

that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

@Theresaa12 4 ай бұрын

Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.

@RickWatson-xu6gw 4 ай бұрын

*Natalie Marie Gentry* You can easily look her up she has years of financial experience

@Rwd649 4 ай бұрын

I'm 51. Wife is 58. All we have is $1,000 in savings and live pay check to pay check. Only debt is the mortgage, $760 a month. No pension, no 401K, no investments, no retirement of any kind. I have lots of health issues, but work delivery apps full time, which aren't providing near what they used to. Wife is self employed, works 60+ hours a week. I have an old Associate's Degree in Business, which is obsolete. We are barely keeping our heads above water. No car payments. No cell phone bill. No student loans. No medical debt. No credit cards. We don't eat out. Never take vacations. Don't buy gifts for anyone on holidays and birthdays. Receive food assistance and free health care and still barely surviving, much less saving for retirement. I'll be working until I die if I can't get things turned around and soon. We have a major income crisis.l

@JamesJacob-vp7ti 4 ай бұрын

I'm 51 as well, and your situation hits close to home. It's tough out here. its not easy turning things around when you're in your 50s with little savings. I'm not an expert but maybe exploring online courses or certifications could help update your skills and open up new job possibilities. Hang in there

@JewishGawk 4 ай бұрын

Your resilience is truly commendable, and I can relate to the challenges you're facing. Two years ago in a similar situation. I sought guidance from Emily Ava Milligan, a highly recommended personal advisor. With an initial $300k, her approach in stocks and real estate delivered an impressive 15% increase within the first year. Last year her portfolio adjustments led to an additional 50% growth, almost doubling my initial investment. For anyone considering a secure retirement, I wholeheartedly recommend Emily for professional advice

@KelleyPerkins 4 ай бұрын

I can't imagine how tough this must be. Maybe creating a detailed financial plan and setting small goals could help. And don't hesitate to seek professional advice. You're not alone in this journey

@MichaelKeaton-np4fl 4 ай бұрын

@@KelleyPerkins Ive been in a similar spot a few years ago and sought advice from Emily, a recommendation from colleagues. My initial amount was close to yours, emily's insights in stocks and real estate led to substantial growth. Considering the situation, he should get financial guidance it will be beneficial no matter the situation. Professional advice, like Emily's, can be a valuable asset in securing your financial future. Wishing you the best on your journey towards financial well being. People usually think they waited too long to start financial planning. Bur rarely do people start their financial planning early

@ConstanceMills-tw5zi 4 ай бұрын

@@MichaelKeaton-np4fl I’m open to network with Emily, I’m looking her page up now I messaged twice i hope i get a response then schedule a call for later, any more leads? followed the first result when i looked her up

@hushbash2989 4 ай бұрын

’d rather you just start new positions in ETFs with future income and build that. I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.

@selenajack2036 4 ай бұрын

What are your thoughts on moving from individual stocks to ETF? That would mean selling and taking a loss on some stocks I want a balanced portfolio, with growth investments, safe investments, and also a focus on dividends to gain up to $20K monthly

@cloudyblaze7916 4 ай бұрын

a good number of people discredit the effectiveness of financial advisors/experts, but over the past 10years, I’ve had one consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but my portfolio can stand the test of time

@kaylawood9053 4 ай бұрын

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

@cloudyblaze7916 4 ай бұрын

@@kaylawood9053 ‘Marisol Cordova’. is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@brandywhite9317 4 ай бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@the32712 4 ай бұрын

Age 29, $160k in my 401K. I contribute 7%, my company matches 7% for 14%. Also just opened a ROTH IRA in addition this year and will be maxing that out @ 7k annually from now on.

@sethdickson94 4 ай бұрын

Abt the same 170k age 29 but I get a pension that’s about 800$ a month.

@NWI_Steel 4 ай бұрын

How much do you make?

@the32712 4 ай бұрын

@@NWI_Steel Started off at 50k, stayed with the same company since I was 21, now at $125k.

@glasshalffull2930 4 ай бұрын

What is the 401K invested in?

@the32712 4 ай бұрын

@@glasshalffull2930 It's a large variety of mutual funds and ETFs. Approximately 30 funds weighted towards aggressive growth for now since I'm in my twenties.

@Miggy2222 4 ай бұрын

Averages are skewed by high earners. Probably should have used medians

@Michael-jc8nq 4 ай бұрын

THANK YOU!!! I was coming on here to say the exact same thing, but you beat me to it.

@tonycrabtree3416 4 ай бұрын

Opposite in this study. high income earners can still only add like 22,500 a year. If he removed them the average would actually go up. high income earner create individual accounts for outside control and better options at investing. Many 401ks are not very good from an option standpoint and only are only good for the matching.

@RurouniTim 4 ай бұрын

Seeing those numbers, I'm grateful that my job of 9+ years has a mandatory pension. With how lacking my financial literacy was until recently, I'm not sure that I would've contributed anything or been as far along as I am right now. I still have some debt that I'm paying off but I'm making consistent progress for where I am in life.

@user-zl7zr2rt2v 4 ай бұрын

We are 60+ years old, both had to retire early due to severe medical conditions. I never thought we would be millionaires but the calculation of our net worth has proven me wrong. If you max out the 401K contributions it can be hard to get used to at first but after a short time you will realize that you do not miss the money. Think about the big purchases that require monthly payments, extravagant vacations, going out to eat more than you cook at home, every purchase that is not in your monthly budget. Do you want the ability to retire when you need or want to and enjoy the retirement or do you want to create your future retirement based on owning an expensive car or going on an extravagant vacation. Don't assume you will be capable of working until the age of 65, plan your future by making smart decisions with your money, you never know when the day will come when you can no longer work.

@Mike-mc8tj 4 ай бұрын

Well said!

@jillmorrison9883 4 ай бұрын

But have you lived? No snark, I just don't see the point of scrimping all you life and then you just spend all that on medical bills. It doesn't seem like living to me.

@jazziepha206 4 ай бұрын

I got incredibly lucky when one of my grandpa's friends helped me set up my 401k and talked me into dumping 25% into my 401k with a 3% employer match. I let it go for 10 years and finally figured out how to change it 😂😂

@punkbassandcovers 4 ай бұрын

Im 41, parents taught me Ramsey principles when I was in college. I've had to prepare for an early retirement because of Type 1 Diabetes diagnosis when i was 11. Lets face it, I'm not going to see 70. I will be lucky to make it to social security age. I am planning on a retirement at 55, if not sooner. This is possible because I (and my spouse) have been following the baby steps for many, many years. These average numbers are very sad. Money guys did a podcast on this subject around the new year as well that is worth a listen.

@winstonvinay613 4 ай бұрын

I pray that you to be able to see beyond 80