I'm 47 and Afraid I Won't Have Enough To Retire!

[@RamseyEverydayMillionaires]

Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: bit.ly/3kwqrhf

[@chrisputhuff8390]

There is a Safeway

[@Aarrenrhonda3]

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?

[@Olsontim21]

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

[@Rachadrian]

Having an lnvestment advser 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 netted over $220K so far, that made it clear there's more to the market that we avg joes don't know

[@derrickholfman2]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@Rachadrian]

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

[@derrickholfman2]

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.

[@fabianmoss124]

I retired at 53 now, 55. I have close to a six-figure portfolio, 70% income uk 🇬🇧 stocks, blue-chip companies, the rest in growth etfs sp500 nasdaq global technology, etc. I still like the growth aspect of investing but as my grandkids would inherit all this how best does all this get best managed for better returns?

[@RoseGuerra7862]

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

[@martinheaway]

Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time

[@JaneClark7861]

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

[@martinheaway]

"Amy Desiree Irish' 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.

[@JaneClark7861]

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.

[@NormanGhali]

Well I’m convinced that investing 50k-100k in the right company during a bull market like the one we're experiencing now can make up for many years of not saving for retirement. It's why I want to diversify my portfolio between different asset classes for maximum portfolio but not sure how to go about it. Any ideas?

[@BarryWhite-h9m]

Yeah I agree, but if you are not a professional, it's much easier for you to work with a professional who understands the ins and outs of the market so you can pick stocks that do well over the long run.

[@MarkJoe-e7f]

I agree. I started investing with a CFP who has a good understanding of the market. This third quarter I've already made more than 150k in net profit.

[@JoelCharisma-q5u]

This is incredible profit. Could you recommend who you work with so I could check them out?

[@MarkJoe-e7f]

Marissa Lynn Babula is the licensed advisor I use. Just research the name. You’ll find necessary details to work with and set up an appointment.

[@JoelCharisma-q5u]

Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.

[@alexsteven.m6414]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@samuelrandy-k8x]

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!

[@brantheeskimo]

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!

[@belobelonce35]

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

[@brantheeskimo]

My licensed adviser of choice is Rebecca Nassar Dunne. Just look up the name. In order to schedule an appointment, you would find the required information. She is quite talented.

[@brantheeskimo]

'Rebecca Nassar Dunne’ is the manager I use. Just research the name. You'd find necessary details to set up an appointment.

[@hannahbrownnn]

I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity?

[@jessieyoung-szn]

I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.

[@allisonbutlerj]

Many people underestimate the value of advisors until they've suffered financial losses due to emotional decisions. After my divorce, I sought professional guidance to save my business and found an exceptional advisor who grew my assets from $175k to $850k despite inflation.

[@KevinEvans-mq4ob]

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

[@allisonbutlerj]

NYCOLE CHRISTINA VANNATA 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.

[@JanAlston-kd6yl]

I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon.

[@greggeer6231]

I'm sure most people would love to be in her situation. Making 200k a year, have a house that's paid off in a year, and no debt. That sounds like a dream for most of America!

[@Reza_Audio]

Exactly

[@i.d.6492]

Yeah but have you lived in California, everything is expensive over there, way more expensive compare to where you live, plus $200K is gross income not net income, after taxes they'll be taking $130K

[@baumullerm]

They live in San Francisco so they leave there when they retire they are fine 😂

[@denisships2861]

Still that's not gonna cover your bills in retirement

[@dummgelauft]

She probably doesn't spend the money that she doesn't have on things that she doesn't need..to flex..

[@HectorWhitney]

We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.

[@Vincent-j8u]

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.

[@DorathyJoy]

Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time

[@BellamyGriffin19]

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?

[@DorathyJoy]

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

[@JohnSmith060]

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

[@Angelinacortez495]

People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?

[@donaldwayne7023]

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

[@danieltaylor--65]

Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.

[@EthanBrown_23]

You seem to know the market better than we do, so that makes great sense. Who is the guide?

[@danieltaylor--65]

'Laurelyn Gross Pohlmeier' 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.

[@JenniferDavis7630]

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.

[@HectorSnipes]

Retirement is no longer simply a time to enjoy life. For the middle class, it often means finding ways to make ends meet, possibly through investing in stocks. But when is the right time to invest? Some argue it can be highly profitable, while others caution against the risks. What do you recommend?

[@crystalcassandra5597]

It appears there could be potential, but it's important to proceed with caution. I recommend consulting a financial advisor who can guide you on the best entry and exit strategies.

[@VictorBiggerstaff]

Having an investment advisor is the best way to go about the stock market right now. I used to depend on KZbin videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

[@lolitashaniel2342]

Could you recommend your advisor? I'll be happy to use some help.

[@VictorBiggerstaff]

Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@BateserJoanne]

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

[@nobbie_07]

It's not what you make. It's what you keep.

[@chrisjimenez603]

My old boss would say that to me.

[@GDuncan8002]

Absolutely. I'd rather earn $40k and keep $6k than earn $150k and spend $155k.

[@judynewsom1902]

I'm a 48-year-old doctor feeling burnt out from long hours and stress. I've never invested in a retirement portfolio because I've always believed the economy would collapse eventually. However, I plan to retire soon and I'm curious: If you had $100k to invest safely in stocks over 4-5 years to grow, how would you start?

[@BenTodd-fl8nv]

for majority, the solution to their problem can be found in specialized knowledge, so you can as well seek guidance from a well experienced advisor

[@Theresaa12]

I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

[@benitabussell5053]

Working with an investment advisor is key, especially for near-retirees. I've been consulting one for a year due to my limited knowledge and market patience, and I've made over $320K in profits. It's clear advisors have insights we average investors don't.

[@EverlyndPerez]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.

[@benitabussell5053]

*Marissa Lynn Babula* 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.

[@FeelMyTruth]

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

[@PotBellyPete69]

It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.

[@AddilynTuffin]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@judynewsom1902]

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.

[@AddilynTuffin]

Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@gregorywhem]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@SofiaJames9H]

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 2025

[@ElizabethElijah2g]

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.

[@JulianBenjamin3d]

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.

[@DeborahMicheal6k]

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

[@JulianBenjamin3d]

My CFA NICOLE ANASTASIA PLUMLEE 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..

[@DeborahMicheal6k]

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

[@fjorge4014]

200k and house almost paid off. Hello !!! You guys are in an amazing situation , lots of people are still renting and making way less. Enjoy what you have and be thankful 🙏🏽

[@TheJackCain-84]

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

[@Jamessmith-12]

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

[@JacquelinePerrira]

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

[@kevinmarten]

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.

[@JacquelinePerrira]

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.

[@kevinmarten]

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

[@phillips9945]

I actually felt bad for this woman until she finally said they have a household income of 200k a year, 20k in the bank, and a paid off house at 48 years old.

[@mikerzisu9508]

Right? Real world problems here

[@watwat79]

And no kids.

[@james1000]

She’s got a long way to go and needs to do more than max retirement accounts but will be fine. Just a question of when they can retire

[@lindamishalanie5593]

It's called planning. Others should try it.

[@deb8119]

I would say living in San Fran would be a bigger worry for her at this point…

[@TheDjcarter1966]

The number one factor is lifestyle we just retired at 55 on a $40k a year pension...I still have money left over every month and that's even with a mortgage. Having no debt is the key. If you have a paid off house and you literally only have groceries and utilities it doesn't cost a lot to live.

[@TheMechanicj]

Yes sir I will have my house paid off by December this year i will be 36 with no debt and my cars have low mileage so won’t need to make any large purchase for a long time

[@mph5896]

The one HUGE variable is medical bills.

[@TheCanineclub]

Insurance is the largest bill you have some, and taxes- I'm debt free and an everyday- and my biggest cost by Far is Insurance, Taxes, Food- so its not just groceries and utilities- a tad bit more- plus you always have things come up you don't know are coming,

[@TheMechanicj]

@@mph5896 yeah that’s America you can’t get affordable health insurance unless you work abs get group insurance my wife covers my family it’s 600$ per month I’ve priced a similar plan and it’s over 2000 a month

[@TheMechanicj]

@@mph5896 so one of the people gotta work a real job or have a super high income I make over 150000k fixing cars my wife makes 60000 but has all the benefits abs Insurance so if she loses her job we gotta pay 25000$ just for the premiums instead of 7200 a year if she is working

[@professorchaos617]

These phone calls are always either completely clueless or humble bragging.

[@trishsnoots3841]

Not even HUMBLE bragging. just call it seeking kudos on radio from Dave as she said she's just like a professional now.....

[@zachsmith5216]

I can't stand the braggart callers!

[@mikedroz2301]

My fiance and I are 37 and we're just starting. We have $26 in our checking account, she's unemployed, and I'm about to start the best paying job I've ever had, 33k a year.

[@danielfigueroa1592]

Keep pushing brother. That 33k will go up with dedication and time! You got this 🙏

[@frankm2385]

Don't get married until she finds a job. You can do bad all by yourself.✌🏽

[@TheDjcarter1966]

Biggest key is no debt and live below your means. It will be hard but try putting away 5-10% in savings until your emergency fund is full even if you are living paycheck to paycheck really tighten the budget

[@MrTmenzo]

If she can't work and loves sweets it wouldn't hurt to sell baked goods on Etsy.

[@djpuplex]

Your wife has a job it's spending your money.

[@stevensmiddlemass2072]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45.

[@williamharris5957]

😂😂😂

[@sct4040]

Beware of Buying too much stuff in retirement.

[@Person-mh6xq]

@@sct4040 that is only true if you don't have the money to last for the longest imaginable time. Otherwise, it's not true.

[@Tony-fromBrooklyn]

And then one day you find Ten years have got behind you No one told you when to run You missed the starting gun

[@chuckloyd6856]

​@@Tony-fromBrooklynI love that song

[@windingpath]

Putting nest egg in a growth fund and expecting 12% return is really not a wise move for someone entering retirement.

[@terrykrall]

She’s 47 and concerned... she’ll be fine. The folks who are 60... 62 and just started thinking.... “hey, I’m gonna need to retire because Social Security is a joke.’... they are the ones in trouble.

[@quiet451]

I feel like people are detached from reality. If you earn $200k/year for the next 20 years and own a home in a HCOL area is there really that much to worry about? They are globally in the high 1% of earners. People retire every year with zero dollars in savings.

[@whyooter1]

QUIET….451!!

[@mariacaragan6137]

That is true. Is that the usual salary in the US? Amazing.

[@Nonsense116]

I'm not sure you have a realistic understanding of the top 1%. Also retirement is not an age that comes inevitably. If you have nothing in retirement savings then you will never enter retirement.

[@damondiehl5637]

@@mariacaragan6137 For the year 2020, the U.S. Census Bureau estimates that the median annual earnings for all workers (aged 15 and over) was $41,535; and more specifically estimates that median annual earnings for those who worked full-time, year round, was $56,287. $200k per year means they are both working in some form of high-skill job. At 59, I am finally about to break through the $100k per year ceiling. But I went to college in my 30s, after over a decade in the Marine Corps, so I got a late start (I'm rich in experience). UW Madison just had ads in the paper stating that MBA grads start out at about $84k per year.

[@GDuncan8002]

​@@mariacaragan6137 No, it's high. The national median household income is $74k. And that's for a family, not one person.

[@Ja50nkAt]

Retirement is based off of lifestyle expectations.

[@NipItInTheBud100]

I love listening to these people who are making $200,000 worried about whether or not they will make it!

[@dfiniin6820]

yeah, no kidding. How about the person making 50K a year. Wish i had her problem

[@marcusulmer4142]

In her defense, $200k in San Francisco is like minimum wage lol

[@NaNa-lt1po]

@@dfiniin6820 in sf, 200k is like 50k

[@ricolewis2949]

If they are making 200 but spending 201, Then they need to be listening more than us

[@blahblah1438]

Try living on 38 gross owning a home and teenager

[@susannnico]

Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realize that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life

[@lailaalfaddil7389]

You're absolutely right , to be a successful in life required not only hard work but awareness and sometime opportunity at the moment , investment remains the best to start

[@ceciliapetrowsky2572]

We saved like crazy. Guess what? We have hardly touched our savings because no one seems to figure in their Social Security which was more than we were expecting plus my husband's pension. However, I realize that most people don't get a pension. Just don't rack up a ton of debt before you retire and you'll be fine.

[@dakotadak100]

Yea, the program is truly only beneficial for those already collecting/collected, anyone under the age of 50 will not get out anywhere even close to the same leve of wealth they paid into the program.

[@albertogonzalez1746]

I’m 29. You are stealing my SS tax as I will never see any of it

[@roadrunner9622]

Those of us retiring after the 2030's will most likely not be so lucky.

[@ivankrushensky]

I'm 39......and you're correct, I don't figure in SS. Because the way it's looking it won't be much by the time I get there.

[@MotherMantiss]

@@albertogonzalez1746 it's not stealing when you paid in your entire working life. Blame the Gov't for mismanaging it, bc that's who is possibly messing up your getting SS someday.

[@kristennn850]

I retired at 53 with very little saved up. Good stewardship and good luck has grown it to about 750K. I told my money guy, “I don’t know if I’m retiring for good, but I’m retiring for now.” Haven’t looked back.

[@kristennn850]

@Dylan Schuker I paid for COBRA until Medicare kicked in.

[@kristennn850]

@Ramon Fred I started out with ” Ferrochrome securities “ they’re really good. A while ago, my guy there went out on his own. I got very lucky, & consider him a good friend, but interview several, make sure the one you settle on is a fiduciary and not a glorified salesman. Have a list of specific questions to be answered.

[@kristennn850]

A little more specific: make sure you know how your money guy (or gal) gets paid. What you want is a situation where he makes $ when you make $, and not through commissions and flipping investments.

[@kristennn850]

@Ramon Fred It ideally is a percentage of your income. This can be on a scale so the percentage goes down as the size of your account goes up. Try to avoid fee-based funds, for obvious reasons. Look into exchange-traded funds.

[@kristennn850]

That would be the income from your account, not your wages, to be clear!

[@Pieter2360]

Vanguard expects 4% for 2022-32, Ramsey 12%. Hope he’s right, but for planning purposes, I’ll go with Vanguard.

[@chrisklappich5998]

Not that they are wrong but they have been projecting this since like 2017

[@greg6909]

They always say that, because their products/etfs are the returns they are selling. So you buy an etf that they say will give you 4% return, but every year it's more than 4%. Then they say wow look at this product it's working better than expected!

[@scmsean]

Vanguard also recommends you put a large amount of money into bonds. Every time I log in I'm told I'm 100% in stock and need to adjust. I'm leaving my money 100% in stock until I die.

[@Pieter2360]

@@scmsean if you have the stamina and ability to be 100% in equities, then certainly go for it!

[@Pieter2360]

@@greg6909 possibly true 👍. Nevertheless, for planning purposes, I prefer to err on the conservative side and enjoy the upside as added bonus if we see Ramsey-like annualized returns over the decades to come.

[@July.4.1776]

At 47 you have twenty more years to work.

[@georgeleonard7599]

I believe Once people have at least $1.5M invested, their average return on investment will begin to exceed their household income. In other words, their invested money is working harder than they ever could, which creates lifestyle options that most people never get.

[@Jasonswood-ch2bb]

That's why a huge goal of mine is to hit the 1.5 marker as soon as possible. I started at 18 (now 29) so hopefully compounding does most of the heavy lifting, but the building process is a long one.

[@stephenscroggins4040]

When you look at it that way it's completely possible. The first $100K is really hard. After that, compounding makes a huge difference, and keeps you motivated. Meanwhile, keep investing and don't touch the money. You will need to take major risk and invest time into whatever you want to do. I was able to net over $620k in profit in the last quarter from my diversified portfolio strategy, I'm planning for retirement at 65 but my initial thought process was based on retiring early and living off that the rest of my life.

[@petergould282]

I really acknowledge your comment i recently started trading stocks, but i have not been able to make much You seem to be doing very well for yourself, How did you achieve this?, I'd love to have a good retirement.

[@stephenscroggins4040]

@@petergould282 My portfolio is very much diversified so it's not like i have a particular fund i invest in. plus i don't do that by myself. I copy trades from a US professional trader. Mary Freed Lorenz. I can correctly say she's worth her salt as a financial adviser as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 10 to 15% on a monthly basis. just mirrors what she trades and not just on some particular industries of my choosing.

[@brucechou8553]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

[@gagnepaingilly]

I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I hate my job but can't leave because of I won't get my state pension. What do you think about doing a 70/30 stocks bond ratio?

[@sommersalt88]

Generally speaking, a good number of people discredit the effectiveness of financial advisor in planning for retirement, For over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but retirement doesn’t seem so farfetched anymore.

[@michelefisher5171]

mutual funds are good. Ramsey invested in mutual funds.

[@michelefisher5171]

That’s a big chunk of money. Any way you can get happy with your job?

[@macdisciple]

@@sommersalt88SCAM SCAM SCAM SCAM. This thread from top to bottom was created as a scam

[@sommersalt88]

She goes by ‘Heather Ann Christensen’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@SummaGirl1347]

Did this lady call in just to flex? This is fantasy land for most people.

[@kevini4295]

They will be fine. I won't be. I am 45 with a whopping 9k in my 401k. I make 60k a year and have 10k in credit card debt. Still renting.

[@babblesp1367]

I’m not much better off.

[@rs7458]

You’ll make it work. You have another good 20 years. Don’t give up.

[@miriamtedesco781]

Healthcare is the big number if your only 60. In NJ it’s $2,400 monthly for healthcare premiums.

[@GDuncan8002]

Unless you're in a privileged group where the taxpayers chip in most of it.

[@p.scottrice8235]

This is 2 years later than it was posted as it popped up on my KZbin but it is timeless advice. Investors vs Debtors is a great analogy.

[@theburnetts]

Here's the part I always struggle with. Dave is so unbelievably optimistic compared to just about every other financial guru out there. He regularly uses a figure of 10% - 12% expected return on your investments. And he suggests that you can take off 10% of your money every year and your principle will last forever. Almost all other financial gurus out there say 5% is about the maximum you can take out every year if you want your principle to last forever. Dave is correct that the market has averaged 10% per year over the entire history. But if you look at a specific 15 year period there are plenty of examples where the market returned much much less. If you head in to retirement at the beginning of a 15 - 20 year flat period you would be crazy to take off 10% each year. I am just wondering if Dave is being crazily optimistic or if others are being overly pessimistic.

[@slmunney7760]

My thoughts are that Dave is crazily optimistic, particularly given current market valuations and market outperformance over the past several years.

[@chrisklappich5998]

It’s because he is egotistical and unable to admit he is wrong

[@fnordiumendures138]

Both, I fear. It seems to mee that the market fluctuates in a way that you can't assign ANY fixed percentile withdrawal number. The 4% rule will have you over-sawing most of the time, and Dave's 10-12% will have you living well for less... unless it won't.

[@chrisklappich5998]

@@fnordiumendures138 the 4% rule is about withdrawing your savings not how much you save

[@fnordiumendures138]

@@chrisklappich5998 ...and if you believe in the 4% rule, it will dictate how much you have to save. Because that's it's purpose.

[@USMCborn2kill]

At exactly 2:21 was when I paused the video and felt compelled to leave this comment. The Ramsey show is no longer real people with real problems. Seems like the last 5 years of this show it’s been people trying to flex or just clueless people who can’t do simple math. Idk how a household making 200k a year can’t figure out they’re fine financially. I’m a dirty old diesel mechanic and I could’ve told you you’d be fine. Quit tying up the line for people who actually need the guidance.

[@tomv7986]

Yes, sir. You don't want to know on how little people outside of the US need to live.

[@stephenshepherd5068]

Here is the problem with an 8% withdrawal rate. If you have a down stock market year in the first 5 years of retirement, you could draw down your retirement amount by double or triple that. That 1 early down year would have you run out of money unless drastic measures were taken, like moving to a 3% withdrawal rate moving forward. That is dangerous advice.

[@OShackHennessy]

I want to see how many people who believed his lies ended up needing to go back to work over a period of time. He is an idiot.

[@AS-gf5jn]

My plan for a down year is to draw less that year from a savings cushion, as every 8-10 years there's usually a big correction.

[@BMGPark]

San Francisco home will be at least 2 Million so if they move to a more affordable area, they will be fine with a 6-figure annual income after retirement. It will be more than enough if they add social security for both.

[@TamaHawkLive]

The honest truth that seems dire for most people to realize is that save for a very small percentage of people we will all almost certainly work until the day we die. I honestly don't know how you could go about your day without doing something anyway. The best mindset of money is to be responsible enough with it to have the freedom of choice to enrich your life or even shift it around and that's truly all most people can ever hope to attain. Everything else is just spending for the sake of spending.

[@TVHouseHistorian]

I was 42 when I began legitimately saving. Had been socking away money since I was 21, but it wasn’t much. I’m 49 now and saving 12% in addition to my employer’s 8% contribution, and even I’m a little panicky.

[@skycaptain95]

Try to save even more. I know he has that rule for a reason, but it's a simple fact that you can and should try to retire early or with more money than you expected.

[@damondiehl5637]

You are lucky to get a match that large. 3% is a lot more common.

[@danhan121]

@@damondiehl5637I’m getting 10% match added for a 5% contribution (15% total). Very blessed

[@damondiehl5637]

It's very common for people to finally start getting serious about investing for retirement in their 40s.

[@roadrunner9622]

​@damondiehl5637 Yep. Because for the first time in your life you can FEEL how much time you have left before you turn 65. It's no longer just some vague idea off in the distant, foggy future.

[@SuperFriday]

2:14 Her household income is $200k??? Are you kidding me? You're rich! I don't understand why people who make that kind of money are worried. Every caller is making 6 figures

[@wadevid]

Yeah her worst life she'd ever experience in a (worst case scenario) would still be better than my best case scenario....No sympathy or care from me!

[@Coast_to_Coast]

That’s because in SF 200k is barely getting by.

[@joshbryan486]

Thank you for what your doing Sir! Giving us Hope! Working on Babystep 2 right now. I am 41 and my bride is 39. Both working like crazy. God Bless you and yours!

[@nsant]

Keep it up bro. How are things going?

[@pristinedetailing5171]

I'm 46 and never wish to retire. Why would I want to stop doing what I love?

[@AS-gf5jn]

Truly a blessing! If you don't mind sharing, What kind of work do you do?

[@karlkindle5275]

please tell me ur kidding

[@tomv7986]

Sometimes I feel people call in to just brag.

[@thatpointinlife]

47, make $200K/yr. combined, already have $170K saved in retirement accounts, and almost own their house in San Francisco. If they are work from home status, or even if not, they should consider selling the house after it's paid off, investing that MASSIVE capital into a retirement fund, and just rent until retirement, which will come A LOT faster after they've invested the proceeds from their home sale.

[@thatpointinlife]

@YT Flava, if they've owned their house for over a year, they'd be taxed at ordinary income. Not sure where you pulled $500K out of...

[@smooth2365]

Nope disagree Renting forever is not a good choice when you can live rent free

[@Ethernet480]

No reason to not be maxing out your retirement on $200k with the house paid. I was maxing on half of that with a family of 4 and a mortgage. Maxing 401k, Roth IRA and HSA. But I wasn’t switched over to Roth on my 401k yet…now I’m Roth across the board

[@ariefraiser140]

Were you doing that in San Francisco?

[@rajvo7406]

You need 2 mil to live on 200k year.......wow..what a golden advice

[@drunclecookie216]

I turn 47 next month and my wife and I combined only have $168 k in our 401k but my calculations show we need about 1.3 million to retire. my wife wasn't able to start one until about 5 years ago, I'd been contributing since 2002, but I basically had to start over in 2010 after 2008's crash basically wiped out the old plan my company had and we all had to start over with a new plan, plus they don't offer a match. I am debt free with a paid off house, the only problem is all the home repairs I've had to make in recent years that keeps wiping out my emergency fund. I had to replace the entire heating and cooling system of my house last year and I had to have a very large tree trimmed extensively this year that was causing damage to our roof. I still need new gutters and eventually a new roof, siding, and fence as well.

[@dorenestewart5084]

I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's 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 $200k gains with months, I'm really just confused at this point.

[@dorenestewart5084]

@JillMiller2 It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

[@dorenestewart5084]

@JillMiller2 Hi, please who is the expert assisting you and how do I reach out to them?

[@NJ-on3pn]

This whole plan between Ramsey and caller is very unrealistic - most of us are not in caller’s situation, and are working harder now for much less during inflation 🙄

[@rayb3000]

I'm 47 my husband is 47. We're like 47 and i just wonder like i dont see it. At 47 will we have enough to retire? Dave: How old are ya?

[@roadrunner9622]

😂

[@lizkellysromero3581]

🤣🤣🤣🤣

[@CroisMoi]

😂. He used to write notes. I think he needs to do that again.

[@msanderfive]

He's 63

[@perfectscotty]

LOL

[@foxcatherine]

200k income and worried about retirement! What’s wrong with this country?

[@laughoutmeow]

They’re almost 50 and she said they just started making that money recently. She was making minimum wage for her entire life until 5 years ago. We also don’t know what they do and how much longer they can make that income as they get older. She should be worried..

[@foxcatherine]

@@laughoutmeow Thanks for your explanation. Her worry makes sense now.

[@scmsean]

Looks at the area they live. It is insanely expensive.

[@gatomike26]

Because you can make that much in California or many blue states and not afford a house right now.Wake up.

[@tubenachos]

Lifestyle creep

[@lennoxmutterick6434]

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.

[@lennoxmutterick6434]

@JacquelinePeters03 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

[@lennoxmutterick6434]

@JacquelinePeters03 Judith Ann peace is her name

[@lennoxmutterick6434]

Lookup with her name on the webpage.

[@lennoxmutterick6434]

@JacquelinePeters03 You are welcome .

[@samryan7954]

That doesn't sound right or possible, but thanks for the story anyway.

[@JB-kx9bx]

That's impressive to have a house paid off in the Bay Area by 48.

[@RockyTopSplash]

Why? Buy a house at 18 and pay on it for 30yr.. boom. Paid for. And that's the dumb way to do it. Why is that impressive?

[@AtTheLees]

@@RockyTopSplash no one in Bay Area buys a house at 18

[@sammybully5030]

@@RockyTopSplash hahahahah man is life was that easy... boom wala

[@JB-kx9bx]

@@RockyTopSplash Who has a downpayment plus enough credit at 18 for a mortgage? I couldnt even get above a $250 limit on a credit card when I was 18 in 2005.

[@RockyTopSplash]

@@JB-kx9bx I bought my house at 18.. had a credit score of 737 6 months after I turned 18.. started working when I was 12... 0% down payment though

[@edfig]

They're not going to have a house payment anyway so they are going to be fine. Online calculators don't account for that.

[@littleearthquakes3183]

These people are wealthy and probably have more in their retirement than most people their age.

[@roadrunner9622]

But she's almost in tears. It's a little infuriating.

[@indiaandrews6996]

She lives in Silicon Valley where a $200k income is peanuts.

[@MotherMantiss]

yes but she did say that they both made minimum wage until five years ago, so clearly there's been some work put in.

[@wadevid]

@@indiaandrews6996 she should move then if it's "so bad"

[@damarisgutierrez677]

"He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity." Ecclesiastes 5:10

[@alko-ovialko5816]

Good comment

[@mattmead2623]

There is nothing new under the sun

[@msanderfive]

Sorry, that's garbage, it takes money to live, no way around it. If you have enough to retire and survive, how would you not be happy with that? It takes due diligence and hard planning and work to be able to do it if you don't start in your twenties. I'd much rather have it then not and I bet you would too.

[@theclagster2]

This is Dave’s best session to date IMO

[@icelandic_mughal2223]

Someone in San Fran Cali with a paid off home _____ instant millionaire. Add 200k take home, what worry!!!! Bogus call.

[@lynnebucher6537]

The #1 important thing is to save regularly. I started aggressively saving not long before the great recession started and kept at it through the turnaround. Was able to retire at 58.

[@wheelie642]

Maybe the smart thing would be buy a two family. When you reach retirement your kids live in it and parents live in it. The kids pay the taxes, the utilities, the cable, the water and sewer bill. As the parent you live free of bills. Then when the kids retire their kids will support them. The main house should be a 3 bedroom and the retirement part of the house a two bedroom handicapped prepared house with 38 inch doors.

[@Rldr308]

Dave’s return rates are astronomically higher than average.

[@roadrunner9622]

I doubt he's telling the whole story.

[@johnsonajayi7846]

The average returns in the market is 10%.

[@georgeslupski5987]

Yes, I agree. OR he just knows where to put it

[@Jame6999]

You can make way more in the market by day trading. And I mean just being a modest day trader As a buy and hold investor., that percentage is OK, I guess if uou are scared to get bigger returns

[@Jame6999]

​@@georgeslupski5987etfs, leverage etf and regular etfs. Stocks like Nvidia, meta, Netflix, apple, Google,

[@davmatt941]

I wish my parents would listen to Dave’s show. They both just turned 60 and to the best of my knowledge have less than $200k in retirement savings, owe $200k on their house, have probably another $75k in other debt, earn around $175k a year, and are currently building a vacation home (took out a $300k mortgage to build) that they can rent out during the year…they have absolutely zero experience with renting out property. To say that I’m concerned about them is an understatement.

[@Godfearer7]

🙏

[@Mitzi73]

That was good advice. Dave wasn’t trying to be diplomatic, he told them the truth and it was good news.

[@WorldinRooView]

You have to be careful with some investment calculators that are done by investment firms because they will only usually look at the money you have invested with them to try and encourage you to invest more with them.

[@jasonbroom7147]

Any discussion about your retirement "number" that doesn't start with the word BUDGET, is just so much hot air. One of the great things about learning to live on a budget, is that you can live your life on a budget! Within reason, the Ramsey Baby Steps have taught you to live on whatever amount of income you have, and actually to live on less than that amount, for most people. Also, most of these retirement calculators are telling you to save and investment huge amounts of money, and why is that? They give you that advice because they are published by companies whose entire business model is based on how much money you have invested, so how much are they going to recommend that you save and invest with them? ALL OF IT! There is no honest investment company out there having budget discussions with their clients, because that hurts their bottom line.

[@neverclevernorwitty7821]

When did the humble-brag channel launch?

[@JMichael2x2]

She’s in great shape

[@megalodon1726]

They have $182K in retirement accounts now, if they keep investing 15% of their $200K income ($30K/year), and get an average annual return of 10%, they'll have $2.4M in 18 years when they're 65. And that's without considering that they'll be investing more than 15% after their house is paid off.

[@slmunney7760]

Many assumptions there. One being that their work will continue uninterrupted until they are 65. The bigger one being that they will realize an annual return of 10% over the next 18 years. The caller and her spouse need to catch up and save as much as they can as soon as they can.

[@megalodon1726]

@@slmunney7760 10% average return is a reasonable assumption, given that's about what the S&P 500 has averaged over the past 40+ years. Second, although they might not remain continuously employed until 65, once their house is paid off next year they can bump up that 15% investing to 30% or 40%, which would more than compensate for ordinary periods of unemployment (2-4 months here and there, not repeated year-long unemployment). Of course, there are no guarantees, but it's very likely they'll be able to have in excess of $2M by 65 if they stick to the plan. Maybe even over $3M.

[@slmunney7760]

@@megalodon1726 Great points, but 18 years is not 40+ and I believe we will see market returns revert to historical means over the next decade or two given current valuations. But even if they hit 2.5MM at 65, that may not be enough to support the spending habits. If their effective tax rate is 15%, they are spending approximately $140k/year currently. They are not in dire straights by any means, but they are behind in savings particular for their income level. If I were them, I would adjust my lifestyle and maximize my savings as soon as possible. Your points are well taken though.

[@pkal244]

@@slmunney7760 agree with you here. It's a tough pill to swallow but they should max out their tax advantaged accounts NOW and not wait for their house to be paid off. If that means cutting other bills & monthly expenses then do it immediately, rip off the band aid. She calls herself an expert but it sounds like they love to spend money regardless. We make more than this couple but spend even less than they do.

[@slmunney7760]

@@pkal244 Agree with your thoughts as well. Nice posting with you.

[@desimo147]

You really don't need much saved, if you work until full social security age. Between her and her husband, they will likely collect $4,000 per month from Social Security. If they have a paid off house, they can live a very nice lifestyle on $4,000 per month. I'd say a little nest egg of $500,000 would be plenty to cover unknown or unusual expenses, or to provide supplemental income. And they are well on their way to having double that (maybe more).

[@twistedtea7133]

Don’t ever depend on social security lol.

[@kensmith2796]

@SuperDave $4000 is not that much money. Also Social Security is taxable, so they wouldn't be bringing home that much. You're also assuming they both stay healthy (and alive) long enough to work till full s.s. age. Older people require more money as their health related expenses go up and they often need to pay people to do things they can no longer do for themselves. She doesn't necessarily need 2 million to retire, however, I would not recommend people think they can live off social security.

[@TexasSlamFishing]

I'm unsure about something! I'm debt free including my house but I have 3 rentals. I don't know whether to invest 15% in mutual funds at work or just postpone that and put all extra money on the smallest to largest rentals first and when they're paid off then put 15% in mutual funds? Please help, thank you?

[@kensmith2796]

@Best Fishing Texas I was debt free in my 30s and purchased a house in cash instead of taking a mortgage out at 4.5%. I feel that was a huge mistake because that money would have made so much more than 4.5% returns in the stock market. Also, due to inflation, your mortgage payments will be worth less 10 and 20 years from now than they are now. If I could do it over again, I would keep low interest mortgages and invest.

[@heyyallbricks877]

How many of your investment professionals would recommend an 81 year old to invest aggressively enough to make 12%?

[@JK-zt4ym]

Getting started investing is depressing, but if you stick with it you do start to make money and it becomes encouraging.

[@GDuncan8002]

You don't make a lot the first ten years. The second starts to show return. The third is pretty sweet.

[@Dooguy]

ive called this show so many times....left messages i wish someone would get a hold of me. Ive lost my job of 34 yrs to covid. I seriously need some management help so my retirment plan doesnt tank. Ugh

[@joshuas3897]

Best of luck to you! 🙏

[@greg6909]

Dooguy keep your head up

[@macdisciple]

Got a job with the state at age 50 had $0 retirement savings. By age 65 the 25-year value of the pension to me will be about $700k. Plus I get SS. If you are like I was, find state or federal employment.

[@GDuncan8002]

Yeah. State is usually better.

[@PatriotSteve]

This is someone who needs to be told they’re going to be fine. 47 yo and virtually no debt. What a waste of time.

[@HungNguyen-se8dn]

Don't be greedy then you always have enough ❤

[@karens6053]

how did she go from minimum wage to $200,000 year in 5 years

[@vicepresidentmikepence889]

Her household income is $200,000. She has a husband

[@LearningFast]

Ironically the Dow is at $37,000 today two years after Dave said it was at $36k. It is showing signs of going back up though.

[@travelnurseadventures3225]

“Lotta money..” Not in San Francisco-they do have a money problem

[@GDuncan8002]

They aren't bolted to the ground out there. They can easily move to a cheaper area, especially after they retire.

[@Mao2187]

Dave was so accurate on his prediction. It didn’t make 20%, it lost 20%. 😢

[@jonasking3670]

Which is only really bad if you got out of the market at that time. If you dollar cost averaged during that time period you would be more than fine today.

[@FrankS111]

The only way she can retire in the next 10 years would be to flee San Francisco to a low cost of living state.

[@truthseeker6338]

Or another Country

[@scottwooster4584]

Their home value is enough to retire on. Just have to move out of the Bay.

[@judymarshall6889]

I was going to say the same thing. I just left this past summer. Best move of my life. 200k in SF is not a lot...

[@elmateo77]

I'd say stay where they are until it's time to retire since they're making a good income and their house is probably appreciating, then sell it and move somewhere cheaper.

[@blk1735]

@@judymarshall6889 But they won't have a house payment very soon.

[@kylecouture1917]

Also, dont forget, contribution limits go up every year. Roth IRA has gone up 500 a year for consistently for the past 3-4 years or so.

[@TheMechanicj]

I have never seen 12% I have seen mine and I’m investing “aggressively according to my 401k plan” and I make 6-8%

[@machutson5493]

Yeah, always questioned Dave's return percentages.

[@theramseys22]

You might need to relook at what your invested in. My 401k as of 12/31/2021 my return was 19.56% for last year.

[@TheMechanicj]

@@theramseys22 last 2 years don’t count I make a lot too last 3”2 years but this is fake profits this economy is failing and making 20% in the stock market is a joke considering the economy is failing

[@theramseys22]

@@TheMechanicj oh yeah definitely I'm just saying what the return was for last year but even if you go back the last 5 years in my portfolio my average return is above 12% each year

[@TheCanineclub]

Chane funds - any index fund that has like APPL, or MSFT, etc... all do massive returns last 3 years MASSIVE

[@BradSimpsonArt]

Wow. 200,000 per year, 80,000 saved, another $20,000 in savings here… And she’s worried about her future? I guess I’m living in an alternate reality where life is much harder than that.

[@inertiaforce7846]

If you have a $2 million portfolio and the average dividend is 2%, that's $40,000 per year before taxes. Taxes on dividends are 15%. So that leaves you with $34,000 per year. It takes $2 million of principal to produce a $34,000 per year dividend. The idea of living off dividends is not going to be easy since it requires such a large principal for it to happen.

[@GoldAMG]

Roth is best.

[@roadrunner9622]

Finally someone who gets it. Dave's got a lot of good advice. But some his numbers are kooky.

[@AS-gf5jn]

Who lives off dividends? If the portfolio appreciates 10-12% annually and you take 6-8% to live, you still haven't touched the principle.

[@inertiaforce7846]

@@AS-gf5jn That's another discussion completely. I was talking about living off dividends.

[@Rashaadthegr8]

I had to rewind that part. Now you're an investor not a debtor.

[@jasonjosephlee]

Buy a few rentals and add value. Property should be cash flowing nicely by the time you need to retire.

[@site_is_down]

When we strike a balance between money and time, time takes all the weight, because even in order to make money, we need this indispensable tool as time is.

[@APennyPinchersGuide]

I can appreciate the optimism and using best case scenarios can motivate people to start investing. However, anticipating an 8% withdrawal rate you will have you running out of money before you die. While the 4% rule has been updated to reflect overly an overly conservative withdrawal if you start at 65. If you want to retire earlier than that you'll need to withdraw less than 3%. You want to be as specific as possible with the assumptions so you get a number that is useful to you

[@kuryanthomas1438]

THEY make a decent bit of income but i know why she is worried living in such a high cost of living area like sf. Maybe cause of that she should work a little longer and not try to retire too early.

[@harknowhere]

They can retire by 57 easily

[@williamjohnson1668]

Talk to your bank to create the account. It is tax free, and you have to wait until 59 1/2 to pull money out

[@jovandraganescu1406]

These calls are hilarious. Can you say “first world problems” 😂😂😂

[@TheHoriginal]

True dat

[@sethbender2863]

No they will not struggle. Once they pay off their house they should put somewhere between 20 and 30% which sounds like a lot but they will easily be able to do it. Good for them!!

[@misaeltorres908]

I’m glad I’m not the only one that started late 🤭

[@jeffpearson-w8g]

We retired at 65. Have about $200k in retirement funds. and a rainy day fund $25k With my budget we can live comfortably on SS , annuity and we set up a $171.00 a month pension. We don't even need to touch anything in our retirement fund.

[@pauly5502]

Paying off your mortgage will typically only save you 60% of you month mortgage payment.. you still have taxes and insurance

[@jschram84]

When your home is paid for you find you don’t need as much money to “live off of”