How To Make The Most Of Your Retirement Income | Fidelity Investments

[@marlene_orja]

So far, I'm doing good approaching retirement with about 800k in savings, but transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

[@Makingriot]

@@iam_maryanne sounds great! i've never utilized a financial advisor but enthused about making money from the stock market, could you be kind enough with info of the advisor guiding you please? I could really use some help

[@SharonA.McClary]

My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are 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?

[@fidelityinvestments]

Hi Sharon, thanks for commenting on our channel! It's great to hear you and your husband were able to pay off your home mortgage early; that is no small feat! Now, when it comes to investment strategy, there is no "one size fits all." Investment decisions are dependent on your own unique financial situation. Here at Fidelity, our advisors are happy to assist you in building a strategy for retirement over the phone or in person. You can check the links below to connect with an advisor or look for a branch in your area. Find an advisor: digital.fidelity.com/prgw/digital/faa/0/connect-with-an-advisor Branch Locator: www.fidelity.com/branches/overview If you're looking to do things on your own, we have a step-by-step guide that shows you how to open, fund, and invest in a Fidelity account. How to Invest Money: www.fidelity.com/learning-center/trading-investing/how-to-invest-money You can check out the link below for a full rundown of everything Fidelity offers: Why Fidelity: www.fidelity.com/why-fidelity/overview We're here if you need us, so please don't hesitate to reach out. Thanks again for commenting, and remember to like and subscribe to stay up to date on our latest videos!

[@CharlesEvans-fj6gl]

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.