How to figure out how much you need to save for retirement

[@V.stones]

I just turned 44 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 55. How best do I maximize my savings of over $120k

[@Liamphotos]

Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk

[@louisahernandez]

I converted my 401k to a Roth IRA to avoid higher taxes in the future. I'd rather pay taxes now than be stuck paying taxes on my retirement income when I'm 59 and living off my savings

[@Theodore-tu5zg]

Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual invstment account or employing the services of a retirement planner/investment advsr

[@Franky-j6e]

Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date

[@Kattyol1]

Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help

[@Mlanderos-t9e]

I just turned 47 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 55. How best do I maximize my savings of over $300k

[@Raniyanhunter]

Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.

[@garnold-l5p]

Many people often underestimate the effectiveness of a financial adviser in planning for retirement. Over the past 5 years, my FA has consistently restructured and diversified my portfolio and expenses, resulting in over $1 million in gains. While it might not seem like a huge amount, retirement now feels within reach.

[@Anessa-gibson]

Hello, I'm interested in trying this out. Who is your FA, I'm gasping for breath. Have been doing things myself but it's clearly not working

[@garnold-l5p]

My FA, Judith Lynn Staufer, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.

[@Anessa-gibson]

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.

[@maiadazz]

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?

[@saraFinn-u6g]

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

[@richardhudson1243]

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.

[@PaulBerlin-y3f]

this is huge! mind if I look up the advisor 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

[@richardhudson1243]

“Sophia Maurine Lanting” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

[@michaelstrawberry]

Thank you for sharing, I must say, Sophia 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 a call.

[@Susanhartman.]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@ThomasChai05]

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.

[@mariaguerrero08]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@mikegarvey17]

@@mariaguerrero08Mind if I ask you to recommend this particular coach you using their service?

[@mariaguerrero08]

Credits goes to " Izella Annette Anderson " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@91ScottieP]

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.

[@AdamGreene222]

The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is huge for retirement.

[@richardhudson1243]

Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position

[@ChadRoberts-x6i]

No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded a much better % from early last year. I and my advisor are working on a 7 figure ballpark goal, although this could take another year.

[@maiadazz]

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

[@ChadRoberts-x6i]

I have worked with a few financial advisors before now but I ultimately settled for Annette Marie Holt. She is SEC regulated and licensed in US. You can easily look her up

[@EmilyMoore-n7n]

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her.Thanks

[@Riggsnic_co]

This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.

[@Anselfits]

Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.

[@GavinRay_q9x]

I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t 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 had been investing for many years.

[@Crystal__sage-b7k]

This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?

[@GavinRay_q9x]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@Crystal__sage-b7k]

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

[@alexsteven.m6414]

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.

[@yolanderiche7476]

For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.

[@edelineguillet2121]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@fresnaygermain8180]

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?

[@edelineguillet2121]

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

[@belobelonce35]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. Thanks.

[@elviegoodness]

I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[@Willi-w1q]

You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

[@PhoenixReborn-v6v]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[@MARSHMALLOWwhimsy]

Things are a bit strange right now. Inflation is making the dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.

[@MakeamericaGreatagain-h7j]

If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.

[@Damncars456]

Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

[@MakeamericaGreatagain-h7j]

I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. See if she meets your criteria.

[@DreamweaverShade-h9p]

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.

[@VioletJessica-]

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.

[@HudsonEthan-00]

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@VioletJessica-]

@@HudsonEthan-00 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

[@HudsonEthan-00]

@@VioletJessica- My advisor is VICTORIA CARMEN SANTAELLA;

[@HudsonEthan-00]

You can look her up online

[@HudsonEthan-00]

Nah I Can't say I can relate, VICTORIA CARMEN SANTAELLA charge is one-off and pretty reasonable when compared to what I benefit in returns.

[@sirheisenberg4459]

To achieve a secure retirement, aiming to save at least 15% of your income in a 401(k) is advisable. Online tools can assist in calculating the best savings strategy for you, considering factors like age and income. Consistently saving this percentage can help build your retirement fund effectively, thanks to the benefits of compound interest.

[@Tanner-c2m]

For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.

[@NorthCarolinaForward]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@PremSteve-yg4de]

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

[@NorthCarolinaForward]

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

[@lolitashaniel2342]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. Thanks.

[@DaliaBrown-b2e]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@emryarmstrong6801]

I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?

[@JoanLopez-x7h]

Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.

[@OliverLopez-n3v]

It's a great idea to have a conversation with financial advisors like Amanda Martin to reshape your portfolio.

[@IamJonny-o4v]

I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?

[@winifred-k9e]

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. its important to seek the guidance of an expert

[@JesusLeee-i9r]

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.

[@JacobsErick-u8r]

I could really use the expertise of this advisors

[@JesusLeee-i9r]

I've experimented with a few over the past years, but I've stuck with the popularly ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@LUCIASMITH-d1z]

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

[@PennyPascal]

Hello, I want to start investing, but I'm unsure where to start. Do you have any advice or contacts for assistance?

[@PEPSI-s4r]

Index S&P500 funds.

[@JennaHerberholz]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@biankabrodeur01]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@roberttheodoregeorge]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@AngelWilliam-vg5rw]

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

[@roberttheodoregeorge]

My CFA ’Melissa Jean Talingdan’ , 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.

[@AngelWilliam-vg5rw]

searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you.

[@HectorSnipes]

I'm uncertain if my 401(k) and IRA will secure a stable future. I'm looking for an investment strategy that aligns with my risk tolerance and financial goals. I've set aside $1 million for this purpose. Would you recommend investing in stocks or purchasing rental property?

[@lolitashaniel2342]

Stocks returns on average 10%. Property returns on average 10.5%. if you close to retirement id suggest stocks as it's easier to liquidate and less upkeep

[@BateserJoanne]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@crystalcassandra5597]

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

[@BateserJoanne]

Her name is 'Rebecca Nassar Dunne” Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@grego6278]

Thank you so much, this is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon.

[@patrickhenandez]

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.

[@Lourd-Bab]

i. 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

[@patrickhenandez]

@@Lourd-Bab 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.

[@Lourd-Bab]

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

[@patrickhenandez]

@@Lourd-Bab Clementina Abate Russo is her name.

[@patrickhenandez]

Lookup with her name on the webpage.

[@Ravers-ly5xd]

I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that i want to invest in a non-retirement account. Where would you invest this as of now?

[@BirisJnr]

Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.

[@dr.Morgann]

I agree. Based on personal experience working with a financįal advsor, I currently have $800k in a well-diversified portfolìo that has experienced exponential growth from when i started. It's not only about having money to invest in stõcks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@FreyTp]

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.

[@dr.Morgann]

I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Melissa Elise Robinson" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.

[@FreyTp]

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.

[@devereauxjnr]

The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.

[@Damncars456]

navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position

[@Aziz__0]

No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

[@devereauxjnr]

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

[@Aziz__0]

Amber Kay Wright is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.

[@devereauxjnr]

Thank you for the recommendation. I'll send her an email and I hope I'm able to connect with her.

[@FoodiesVacations]

Being debt free is the most important thing. I live well this way. Retirement is awesome

[@NewGuy2024]

At my first big boy job I knew I didn't like working 40 hours a week. It felt like a prison after a few months of working. I told myself to max out my 401k each year and one day it will give me options. That was 24 years ago. Thank You Lazy Self!

[@Colbe-lx7fb]

I've been trying to figure out how much I need to save for retirement, but it seems overwhelming

[@camela8445Mar]

The key is to start with a clear retirement plan. You need to estimate your annual expenses during retirement and consider factors like inflation, healthcare costs, and life expectancy. It's also crucial to adjust your savings strategy based on market conditions and economic outlook.

[@Jonesmatsunaga]

I agree. Not planning properly can severely impact your portfolio. With the global economy being so volatile, relying on a fixed amount can be risky. Diversifying investments and considering safe assets like bonds can protect your savings against market downturns.

[@V.stones]

I recently met with a financial adviser to reassess my retirement goals. We discussed how the current global economic climate, with its fluctuations and uncertainties, can affect long-term savings.

[@V.stones]

His name is Eric Paul Elmer

[@Larry1-pl2wq]

That's interesting. I've been managing my portfolio myself, but given the global economic uncertainties, I’m thinking of seeking professional advice too.

[@pubmeatman]

I saved 30% of my take home pay for 3 decades. I was able to retire at 58.

[@EvangelismforGod]

Great job!

[@zoner__]

I did the same but worked to 60 and now my retirement income is 165% of my final year salary.

[@empresstaitu7345]

Im 28 and plan to do this now since you mentioned this ​@zoner__

[@Dripxo]

i’ve never seen someone so excited to talk about retirement!

[@ehderguyyashootadeerorno2313]

It is a balance. Things like vacation, ATVs, boats, nice cars etc are more fun in your 29s 30s and 40s but on the flip side you don’t want to work to 80. You also don’t want to live in a cardboard box and eat cardboard and die as the richest man in the cemetery. Save what you can when you can. There is nothing wrong with a part time job in retirement and studies show you live longer doing that.

[@tracybodinaar]

I love the grounded reality of this channel!!! Retirement took a toll on my finances, but with my involvement in the digital market, $35,000 weekly returns has been life changing. AWESOME GOD❤️

[@chaiwat7393]

I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you

[@sarah20334]

Well explained. Financial education is indeed required for more than 70% of society in the country as very few are literate on the subject, thanks to Mrs Charlotte Walsh

[@marylandla]

Wow.. I know her too she is a licensed broker and a FINRA agent she is popular in US and Canada she is really amazing woman with good skills and experience

[@sarah20334]

After i raised up to 125k trading with Charlotte Walsh, I bought a new house here in the States and also paid for my son's surgery (Kelvin) glory to God.

[@chaiwat7393]

Alright, thanks for the recommendation, but how do I reach her?

[@abdulaliakbar1175]

She said to invest $10k for 45 years compound interest. How can we be sure that we have a guaranteed 30 years is long time just for $45k.

[@MarcusJ.Hastings]

I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.

[@chrisevans-i5y]

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.

[@HermanBekkink]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@chrisevans-i5y]

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

[@HermanBekkink]

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

[@blissds-gi3mb]

Alright, so I’ve got $75k sitting pretty in my emergency fund, and I’m itching to start investing. This video is like a beacon in the foggy sea of retirement savings. But seriously, how do you figure out exactly how much you need? I mean, do I just throw darts at a retirement calculator and hope for the best? 😂 Cheers to finally ditching the mattress-stash and getting serious!

[@SilvesterMiles-y4j]

Great points, everyone! I’m in a similar boat and could use some expert advice. The idea of getting an investment advisor sounds solid, but I’m a bit lost on how to find the right one. Any tips on where to start looking?

[@vallejoborncalihasbecomeal9022]

Put as much as you can afford away in an investment portfolio. Max out your employers 401k to get the match!

[@prematureoptimism7125]

Excuse me but the FACT is that 401k's were not meant or designed to replace a traditional guaranteed pension. They were only supposed to be part of a 3 legged stool of support for retirees. That being 1. A traditional guaranteed pension. 2. Social Security benefits. And 3. 401k.

[@pgppe9488]

Start saving early, save consistent, Always save enough to get the company match, diversify your mutual funds and don’t borrow from your account and then be patient and witness the magic. Also, don’t be to concerned about the swings in the market because over time things will normalize.

[@chuckgilbert8670]

I'm retired in my 60's. Pay off your home if you can. Then you don't need anything near 80% of your current income (way too high), AND you have your home equity to help in the end years that could be used for assisted living or nursing home.

[@FennaVa]

Great video, Another factor to add is Do they spend a lot of time planning their financial future? The stock market is making me really worried because I've lost over $ 27,000 in just this month and I'm not making as much money as I used to. This is making me concerned that I might not have enough money saved up for my retirement since I can't add to my savings.

[@ralfbrown-kl1gp]

To ensure a comfortable retirement, it's advised to save a minimum of 20% of your income in a 401(k). by doing so , you increase the likelihood of retiring with sufficient funds. Moreover, this strategy enables you to leverage the stock market's potential and expand your retirement savings as time progresses.

[@marcellasilva4015]

Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management

[@oliverdavis-tw2xl]

Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

[@marcellasilva4015]

Sharon Ann Meny 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.

[@McCachren]

Thanks, I just googled Sharon and I'm really impressed with her credentials. I reached out since I need all the assistance I can get.

[@blaquopaque]

I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management

[@Curbalnk]

Glad to hear from another buckeye! comfortable retirement depends on your lifestyle...

[@greekbarrios]

I would get money management just in case. You’re only 55. I think the average life expectancy in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!

[@kansasmile]

I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. As of today, my portfolio has yielded over 300%, summing up $836k. Stay motivated friends

[@sommersalt88]

@kansasmile this is huge! your advsor must be grade A, mind sharing more info pleas? in dire need of proper asset allocation

[@kansasmile]

Well, I chose *Jennifer Leigh Hickman* as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification. You should look her up

[@Medmann48]

The key is to start saving early in like in your early 20's because THAT is money you will be retiring on. Save early & often & that money will grow & grow. If you think you are going to start saving in your 50's or 60's good luck with that. I have worked for the same company for 43 years & will retire next year & I think we will be Ok in retirement.

[@aaronpeerapruk4775]

You can use IUL that's a life insurance with cash value which is taxed free so we are here to advise everyone

[@tahirisaid2693]

I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts

[@ibrahimaisaadan]

You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

[@georgestone0123]

Starting with investing may feel challenging, but focusing on passive income, like rental properties or REITs, can offer stable returns. Seeking advice from a financial advisor and researching high-demand rental areas can help you find investments that match your goals, ensuring future financial stability.

[@tahirisaid2693]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@YadaniL-g8k]

keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory

[@LilianScott-dy5nz]

I’d be retiring or working less in 8 years, and considering this financial recession, I’m deciding to begin taking up skilled trades. I’m curious to know best how people spilt their pay, how much of it goes into savings, spendings or investments, I earn about $140k per year but nothing to show for it yet.

[@jpdriver1967]

The male hosts look was priceless when absorbing the 50/30/20 rule. Yes...20-25% of every dollar made must be put towards the future to be able to retire...

[@miken7629]

A person currently in their 20's will need $10 million to retire in 40 years. This is the math: Cost of living doubles every 12 years no matter what government says about inflation because the dollar is constantly devalued, that is 6% devaluation compounded annually. If a person needs $50K to live now, in 12 years they will need $100k to stay even, in another 12 years they would need $200k to stay even, another 12 years that person would need $400k. It would take $10 million earning 4% to produce that $400k/yr to live on, this is why a person in their 20's now will need $10 million to retire.

[@Medmann48]

The wild card is your spouse & how much money they will spend in retirement. I do all our finances & retirement planning & we both plan to retire in 1 year. However, last week my wife made the following statement "We are going to retire & if we run out of money, we run out of money". I informed her that running out of money in retirement is NOT an option.

[@igorschmidlapp6987]

Rule of thumb, constantly repeated: Save as much as you can, as soon as you can...

[@IanStockwell-if7sl]

True true truer meanings decision fatigue

[@claireNymans]

Retirement? Yeah, just throw your entire emergency fund at it, right? 😂 Just kidding-$231k sitting pretty in my emergency fund, and now I’m wondering if it’s time to make it work for me. But figuring out how much to save for retirement? That’s like trying to predict the weather in 30 years. Anyone got a crystal ball or some solid advice on where to start?

[@SilvesterMiles-y4j]

Haha, gotta love that emergency fund flex! But seriously, before you go all-in, maybe consider chatting with an investment advisor? They can help you figure out how to maximize that $231k without just winging it. Sometimes it’s better to get some pro advice instead of playing financial roulette.

[@sharonlam4964]

I am not sure how much I will need…but I am trying to save 40% of my income.

[@Nadex2015]

it is a reasonable percentage

[@claytonspann8032]

Unfortunately, I find some of this guidance so misleading. Needing 80% of per retirement income is terrible guidance. You start with a budget, figure out what your yearly needs are, that is what your retirement needs are. I’m spending about 1/3 of my preretirement income. This is simply a fact that my end working years were very high income and well beyond my living needs.

[@BradleyMaurice226]

From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.

[@EdwinBoettcher]

We share common goal, making sure you are ready for your later years is very important. I'd suggest you consider financial advisory.

[@KimberlyFlores-kr1bz]

You're right, I and a few Neighbors in Bel-Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew by close to 30% in the last quarter.

[@BradleyMaurice226]

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@KimberlyFlores-kr1bz]

My CFA "Becky.Lou.Gordon" 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.

[@BradleyMaurice226]

I've come across a lot of recommendations but this one stands out. Marisa Breton Dollard" resume is pretty sophisticated, and shows she was active during the last bear market, I also emailed her. Thanks for the info!

[@sheilacollins9434]

So many people lined up getting their $5 Starbucks everyday and going out to eat all the time. They do't want to deprive themselves today to save for their future years.

[@benitabussell5053]

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.

[@A_francis]

it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.

[@RickWatson-xu6gw]

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.

[@benitabussell5053]

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

[@RickWatson-xu6gw]

*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.

[@bmrt1000]

Very interesting to see how Americans deal with retirement income. Very glad that Australians have superannuation!

[@sherona8608]

I guess Gen X is just a figment of our imagination?

[@shellylofgren]

Recently, I've been pondering retirement. I've also want to put $800K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future

[@donna_martins]

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

[@Walter_hill_]

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

[@DavidRiggs-dc7jk]

Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.

[@Walter_hill_]

Vivian Jean Wilhelm is her name. She is regarded as a genius in her area and works for Empower Financial Services

[@DavidRiggs-dc7jk]

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

[@josefperry3836]

I have three friends who are now in their 60s and 70s, all three married. One couple, with $5 million, think that's going to run out quickly. They want to see the world. Another, with $2 million, are scared. Assisted living will leave them destitute. The third couple with half a million are content. They love hiking, and figure they can continue working until they die.

[@dennistyler9852]

The 3rd couple may or may not have to work. If needed a couple 6 hour shifts would work for me. Not everyone’s plan went as planned.

[@jaynelson8304]

Not buying the 80% number. 20% retirement savings plus 7.65% FICA means that at most you'll need 72.35%. And that's not accounting for any costs associated with working; clothing, commuting, etc.

[@donkemp8151]

She’s right about the 20% savings.

[@PraveenSrJ01]

I’m single and childless so my money 💰 will go much further when I retire in 29 years from now at age 69.

[@grod805]

You might still have kids

[@PraveenSrJ01]

@@grod805 I don’t believe I will. If I choose to have kids I will adopt

[@dec1slh]

Why wait until 69 to retire?

[@pubmeatman]

Most people can’t work until 69.

[@PraveenSrJ01]

@@grod805 I rather adopt

[@EvangelismforGod]

I’m thankful I will be able to collect a pension in 6 years.

[@PraveenSrJ01]

Dow Jones 📈 hit a record high which is really nice and really bumped up my investment accounts by a few thousand dollars 💵! Really excited today

[@ggirardin2014]

I’ve never watched this program before. Do the hosts interrupt and talk over other guests like this?

[@gordonallen9095]

As MUCH as you possibly can. And with rising inflation, it still might not be enough. Many retirees are in danger of outliving their savings.

[@chemquests]

Pity to only spend 4 minutes on such a critical topic

[@calvinhaynes5781]

I agree. She’s excited because she understands how important this is. First is your health, next is this!!

[@chrisschulze8081]

I have my son maxing out his Roth IRA since he was 24 years old….he’ll be 29 next month, he has a good start…I started at 30.

[@sjyesenosky4821]

Everyone knows that Gen X will just take care of themselves like they have their entire lives

[@willtwain1383]

No different than younger Boomers.

[@alexandriabrown1388]

@@willtwain1383Exactly, I’m only two years older than the oldest Gen X, it’s hard to identify with the older Boomers.

[@willtwain1383]

@@alexandriabrown1388 I do not get the "OK Boomer" comment. By 1990, Reaganomics was running wild, millions had the rug pulled out from them. The younger Boomers were still in their early 20s when the damage hit (late 80s).

[@willtwain1383]

@@alexandriabrown1388 By my late 20s, my world was rocked by right-wing economics.

[@alexandriabrown1388]

@@willtwain1383 Every generation gets blamed for something. What goes around comes around.

[@user-zl5gn5lg6]

I feel It's getting harder to satisfy Wall Street. The market has gotten so unpredictable post covid.

[@herbertAnderson534I]

No disrespect but you are wrong... Believe it or not, the market isn't as bad as some people have made it look... Companies are making record profits... In all honesty, as a beginner investor who knows next to nothing, I have made over $15k net profit in a few months... I was retrenched recently, and I am using these resources to keep body and soul together that I want.

[@user-zl5gn5lg6]

Hi Mr.Anderson, your profit margin is quite impressive for a beginner. Good for you!!!! inadvertently, i sold a boatload of my portfolio recently. i would love to see your spreadsheet or trading journal; what is your trading technique??

[@herbertAnderson534I]

I have never drawn up a spreadsheet or trading journal, it's of no relevance to me... I follow Kelly Matwick's investing instructions & techniques... You can look her up she runs a reputable CFA firm.

[@impbotb4434]

Stop interrupting her

[@appleblows1]

4 out of 10 Americans don't own any stocks. Top 1% individuals own half of the stocks. Over all, Top 10% wealthiest individuals own 93% of all stocks value. If you're cheering because you gained a few thousands in your portfolio today, you own a very small piece of that residual 7%.👏👏

[@stefanossmitty3318]

Which is still better than nothing at all.

[@magnoliap5824]

80%? I’m not sure I agree with that. Some people will have a pension all be it small.

[@hannw7]

Again... forgetting Gen X just like our parents did.

[@michellelewis6247]

Is there a particular reason GenXers are consistently left out of these discussions? Is there just an assumption that we will have to work until we’re dead? 😉

[@chemquests]

We’re the smallest sized generation so no one has to market to us. Sandwiched between boomers and millennials, 2 large demographics.

[@rhondavigil795]

Gen X here 🙋‍♀️ Retired and loving it.

[@dennistyler9852]

They said save , save and save. Not easy to do. Can’t go on their numbers. Make yours work or try to.

[@chemquests]

@@dennistyler9852 save 20% off the top & work around the rest. Treat like the tax taken out of your check.

[@JoshuaMccaffrey-q4]

Awesome! I appreciate your viewpoint. I currently earn $600k per year. I have no home or investments, and my job is in New York because I work from home. I need to act quickly or else I'll owe the IRS thousands of dollars come tax season. What should I do?

[@Peterl4290]

To better understand the factors that could affect your finances as a beginner. To make the best decision, speak with a financial professional. They have a wealth of information regarding both current events and upcoming developments.

[@sabastinenoah]

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.

[@larrypaul-cw9nk]

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

[@sabastinenoah]

TERRI ANNETTE MOORE is a hot topic among financial elitist in The US. She's gained some reputation for her works during Covid. All the info. you need to set up an appointment is on her web page.

[@larrypaul-cw9nk]

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!

[@abovethewaves452]

The 50/30/20 rule was very helpful. They need to have a class on this in school.

[@retirementiq]

Time is your “only” so power…awesome advice for the common American citizen

[@edp2506]

that is depressing if you need so much money just for healthcare alone for most Americans. They laugh about it but it is no laughing matter for most of us. A lot of times I feel they preach 401k and IRAs, of course we don't have much choice regardless, but those are also no guarantees to earn multiples of what you put in. I feel like they constantly push them for the money managers of those funds. They're the ones who make money whether the fund go up or down in value, while we just keep paying their commisssions/fees

[@LanceHall-m3n]

I’ve come to the sobering conclusion that I will probably die before I am able to retire. 😢

[@Lemariecooper]

I plan to retire or reduce my work hours in five years, and I'm interested in how others allocate their income between savings, spending, and investments. I currently earn about $175K annually but haven't built up much in savings so far.

[@jessicasquire]

There are numerous strategies to achieve high yields during a financial crisis, but it is crucial to undertake such trades with the guidance and supervision of a professional financial advisor to ensure informed decision-making and risk management.

[@Erikkurilla01]

That's true. I've been assisted by a financial advisor for almost a year now. I started with less than $200K, and I'm just $19,000 short of half a million in profit.

[@Erikkurilla01]

Nicole Anastasia Plumlee is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up.

[@bowhunter12561]

With me being stupid the first 20 years of my adult life and the cost of everything with high inflation I dont know if i'll ever be able to retire

[@Alexibawendi]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it, "I pray that anyone who reads this will be successful in life

[@Alexibawendi]

Thanks to Mrs Maria Davis.

[@Alexibawendi]

She's a licensed broker here in the states

[@cxluan2]

“You can be paying off student loans and also saving for retirement”😑

[@schawnettarobinson8584]

Average American life expectancy is 77.5. Most people don’t make it until 80. I don’t understand the logic. 77.5 -65 =11.5

[@charletfoster8917]

Like the 75/15/10 rule more

[@zoner__]

I recommend reading the book"The Number" by Eisenberg

[@javacup912]

There's no golden rule for this. It all comes down to current lifestyle vs. retirement lifestyle. It's not rocket science.

[@dennistyler9852]

I bet more than 1 in 7 Seniors rely just on Social Security. The average she said draws $1750. I’m sure there are a lot who collect even less. Sign up asap for Senior Housing if needed. Enjoy retirement the best you can.

[@EvangelismforGod]

Unfortunately my aunt only collects $950 a month from social security. Thank God she only pays $250 a month for her mortgage payment.

[@Patriciabanks5]

The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?

[@MarkGrimm8]

Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.

[@carolpaige2]

I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

[@Johnlarry12]

Who is your advsor please? if you don't mind me asking

[@carolpaige2]

Carol Vivian Constable 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.

[@Johnlarry12]

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 email shortly.

[@BuckeBoo]

Typical corporate media completely skipping over the lost Gen X generation. Advice for millennials and advice for boomers. 😂😂😂

[@schawnettarobinson8584]

I want to retire.

[@LJones17]

pay off debt as quick as you can....and save....working until 60-65 does not sound fun or enjoyable AT ALL !

[@chrisschulze8081]

I hope these hosts aren’t really that clueless…..

[@Nadex2015]

100%

[@MexicoRealEstatewithParrish]

Much less in Mexico. Retire to the beach 🏖️ life much sooner.

[@robertoramirez1069]

5% and investing is her love language the SP500 returns like 12% on average What’s she smoking

[@lynncarrington2744]

Butter is almost $10, like I'm barely affording food. How am I supposed to find extra money when I don't even have the minimum for cost of living?

[@preferredtrust]

Self-Directed IRA's are also an investing option worth considering! You're in charge of your own destiny...

[@willtwain1383]

Europeans do not have to worry like we do. Socialism is more relaxing.

[@bobbullethalf]

I have to say that I do not want to eat cat food when I retire. So having a little socialism would be nice in your 70’s.

[@willtwain1383]

@@bobbullethalf Socialism is a far more comfortable system. People get to relax and enjoy the little things.

[@pubmeatman]

Until the government runs out of money like Greece.

[@Eddie13476]

Sorry you go ahead and go live in Europe, I love my country and will never leave America. 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 god bless America!!!

[@bobbullethalf]

Stay here then you stay broke.

[@shawnsdrumcave]

harder to do than ever with Bideninflationomics

[@abvincent12]

She tries to talk and all three talk over or interrupt her - terrible journalism.

[@hidden-treasures]

Hmm... I wonder why "childless cat ladies" are choosing not to have children. Could it be that is the only way they can save for retirement?

[@Buzz_Kill71]

Whole lotta nothing...😮😊

[@rajanramajayam]

what about if someone is homeless?? huhhh

[@AG-so4gl]

Figures are so wrong. Much less than 80%. No mortgage, kids college out the way, downsize etc

[@le9051]

Why do they make these people sit on those uncomfortable chairs so close to each other? Why is she suggesting people spend 30% of their money on wants?