New study reveals majority of Americans turning 65 soon are not financially prepared to retire

[@leondonald]

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?

[@donna_martins]

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

[@Walter_hill_]

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.

[@DavidRiggs-dc7jk]

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

[@Walter_hill_]

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

[@DavidRiggs-dc7jk]

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

[@MrRGBTV]

She made one glaring mistake IMO. She told people in their 40s to finally start paying attention. I encourage parents to take their high school and college kids to a financial planner and teach them the math of compound interest, dollar cost averaging and the simplicity of monthly contributions. I started putting it away when I was 25. If you miss those 10-15 years until you're in your 40s, you have made it so much harder than it should be. It's all about education. I retired at 54.

[@nemoretime7466]

I don't feel that compound interest has to be taught. I know multiple people who won't contribute to a 401k because bills have to be paid. If people just contribute a percentage of their earnings to a 401k (given that they have access to one) then they will at least have something in the future.

[@MrRGBTV]

@@nemoretime7466 I disagree completely. Imagine if someone showed you the math and encouraged you to save a little bit more than you ordinary would have. CFP know how to maximize savings for every budget.

[@patroberts5449]

There is legislation in California being presented to make financial education as a high school requirement. How to save, earn, spend, paying your bills, budgeting, investing, how credit works etc. I think it’s a great idea! Though we taught our kids the best we could I’m sure they could have used more education about it. So far they are doing pretty well with it!

[@nemoretime7466]

@@MrRGBTV When I was 12 yo a match teacher asked the class if they would like to have a penny that doubles 32x. I knew the value had to be high. It should double to $1 million. That being said most people I know didn't invest a lot into retirement savings. Those earning a high salary are basically set up to save for retirement the best. I would rather have kids taught the compounding effect than not being taught. 401ks started off as a bonus to higher paid managers and these are the investors that reached the $1 million balance the quicker. The everyday worker just had to work long and hard to reach the $1 million plateau.

[@MrRGBTV]

@@patroberts5449 Agree 100%. Why it's not taught in high school is beyond me.

[@tyronejackson832]

Comedian George Carlin said decades ago that people spend money they don’t have to buy stuff they don’t need to impress people they don’t know. Get and stay out debt and invest your money.

[@Here4TheHeckOfIt]

This country spent decades stagnating wages, encouraging consumerism, selling tax cuts/trickle down and gradually cutting all safety nets. How did they think this was not going to be a huge problem down the road?

[@actionjackson7460]

Oh! The melodrama! Exaggerate much. Get investing or get left in the dust.

[@jennifershanks453]

Exactly! The rich are much richer though! Isn’t that what matters?

[@km-bo3zx]

Oh, and let’s not forget the big swap/lie that happened when they substituted pensions with 401k’s. Something that sounds great when you are putting away (your own) tax free savings, but still pay taxes on when you take the money out in retirement……

[@Here4TheHeckOfIt]

@@actionjackson7460 Half of unprepared retirees suggest it's not an exaggeration. Look, investing would've been great but most people were not taught financial/investing literacy. Have a nice day!

[@SteveninTune]

Reaganomics. Thank a Republican they want to take away your Socal Security now.❤

[@CliveBirse]

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.

[@mikegarvey17]

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.

[@ThomasChai05]

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.

[@mariaguerrero08]

@@ThomasChai05Mind if I ask you to recommend this particular coach you using their service?

[@ThomasChai05]

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

[@Susanhartman.]

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.

[@apollovizsla]

People who do hard physical work might not be able to wait until they are 67 years old to retire! Our bodies are deteriorating! Not everyone gets to earn a living by sitting in a comfy chair in an air-conditioned room!

[@DavidEVogel]

For sure. Physical work such as construction will wear your body slowly. Back problems, knee problems will happen before age 65.

[@apollovizsla]

@@DavidEVogel It definitely wears your body down, and unfortunately the people who make the rules for the rest of us do not understand our issue.

[@Comut-d4m]

Imagine working in an office years. Then the company developed a new position that is a promtion. You interview for the job. You get the job as well as many of your coworkers. A year later your performing your old job as well as the tasks of the new promotion. Most stay after hours to try to keep up. The older employees retire. You complained new employees have less work. The boss replies well the other work must still get done!

[@apollovizsla]

@@Comut-d4m I understand how you feel. It is the same where I work. The good workers are always busy, and the lazy ones get away with everything. As the saying goes, "If you want a job done right, give it toa busy person to do"

[@ryanwilliams989]

My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@TheresaAnderson-kf5xw]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.

[@maryHenokNft]

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

[@maggysterling33254]

@@maryHenokNftI actually subscribed for a few training courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@maryHenokNft]

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

[@StellaMaris-lv2uq]

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

[@JeffWilliamfick]

From daycare and college to mortgage payments. Despite the fact that I am nearing retirement, inflation is increasing. How can I generate more income so that I can retire with at least $3 million for long-term care? I have about $750,000 in savings.

[@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.

[@JeffWilliamfick]

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

[@KimberlyFlores-kr1bz]

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

[@JeffWilliamfick]

I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@smrk2452]

You need a study for that?

[@davidbrooks8809]

😂😢😮😅😊

[@AnnMitt]

Media is a joke. Companies aren't hiring young college graduates, and these young adults are sinking further into debt. They won't be able to invest in retirement or a house without a job.

[@AnnMitt]

@steelguitarunionhall if you think your comment is typical of young people just out of college, then you're delusional. The young people whom I'm familiar with are struggling and are in crippling debt and can't get interviews for their college major.

[@AnnMitt]

@steelguitarunionhall nope. I live in depression Michigan. Blue, union, and sad.

[@TVHouseHistorian]

@@learnsteelguitarinretirementSure. Move to a blue state where they can graduate with a BS in Multicultural Belly Dancing, $60k in debt going out the door, and working as a Barista for $15/hr. I speak as one who lives in a blue state, yet can still see things for how they are.

[@TVHouseHistorian]

⁠​⁠@@AnnMittDon’t pay attention to steelguitarunionballs. The blue people have lost their minds.

[@Toomanydays]

Should have gotten an engineering degree. They accept jobs before graduating making $150k/yr.

[@OurRetireEarlyJourney]

Educate yourself & educate your children so they start way before 40 years old. Starting late makes it almost impossible to retire when you want to.

[@Worldpeace353]

My grandmother was the smartest woman I ever knew. When she passed away there was a lump sum of cash in her room that no one ever knew about. I agree It's hard to trust the world and the banks today. I'm like her. In my sixities keep on saving

[@bitcoindaddy1]

Keyword: cash. inflation will destroy your savings.

[@rusticgardenretreat4892]

She was a smart woman and so are you in that you continue to save.

[@bitcoindaddy1]

@@rusticgardenretreat4892 you are saving something the govt prints out of thin air. They are purposely punishing savers for asset holders. This is not about ego or an opinion, this is a fact.

[@bitcoindaddy1]

you are saving something the govt prints out of thin air. They are purposely punishing savers for asset holders. This is not about ego or an opinion, this is a fact.

[@JaneTheDoe-id2vx]

when you want to buy a house you’ll wish you kept the money in the bank. if you make large deposits the irs or mortgage lender may question it and ask for a paper trail. the money will also be unusable for a mortgage unless you let it “seasoned”

[@Patriciabanks5]

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.

[@Johnlarry12]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@emiliabucks33]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@monicawill5]

who is your advisor please, if you don't mind me asking?

[@emiliabucks33]

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.

[@monicawill5]

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.

[@davidd7397]

Life expectancies are actually dropping

[@ariefraiser140]

For everyone except congress I guess.

[@PraveenSrJ01]

Except for me since I have a lot of money 💴

[@dname1802]

@@PraveenSrJ01 Why do you have to say that? So cringy.

[@tednguyen7258]

hes joking

[@jrho8033]

This happening to the generation that was able to enjoy the good economy of the 70s-90s when home prices were reasonable and rent wasn't eating a 3rd or half of your paycheck. It's gonna get a way worse for the future generation.

[@RodneyDempsey-o8w]

The economy in the late 70's was not great high inflation high interest rates on homes.

[@debbieframpton3857]

Interest rates on mortgages13 percent in 1981

[@boristheamerican2938]

There wasnt a good economy in the 70s-90s. Once Reagan came in everything went to crap, Things got better under Clinton but along came W who made the economy get dysentary.

[@RodneyDempsey-o8w]

@@boristheamerican2938 the economy under carter was terrible it got better under reagan and Clinton and has for the most part been good untill biden.

[@jaym3796]

Why not talk about the 401k ladder where you don’t get penalized if you withdrawl early

[@bonniegaither3994]

It’s because those born later in the baby boom era didn’t have the benefits that the ones born earlier did. The union jobs went away, and the pensions went away in the late 70s and early 80s. They were replaced with the IRA. The ones born in the 40s became adults in the 60s and benefited nicely with unions and pensions. The ones born in the 60s became adults in the 80s when Reagan took office and busted up the unions and the pensions In the 1960s and 1970s, roughly 50% to 40% of men in the US workforce were covered by a compulsory retirement rule

[@marryellenmonahan5585]

And it's all going to the top while our middle class is disappearing.

[@AKAAAK]

Best way to save.....leave the country. Take the money and run.

[@sigmasiren7]

Love this comment 😂

[@BaNanie521]

Right? Tuscany and New Zealand are paying people to move there.

[@A13JMC]

Bank interest rates have been near zero for the last 30 years. No wonder people don't have any savings!

[@rvdareyet7201]

The thing that frustrates me about these stories is that they only focus on one side of the equation. There are actually two sides to the equation; Income vs. Expenses. We drove our expenses WAAAAYYYYY down by retiring in Ecuador. By doing so, I was able to retire to a beachfront condo at the age of 59.........

[@LawrenceNewman01]

Crappy advice, wait until 70 for SS. You can begin at 62 and then collect another 8 years, it doesn’t catch up till 79. Good luck bc that ain’t guaranteed (reaching 79) and you’ll be in better health to enjoy that money between 62 and 79. That clock is always ticking and your energy and ability who knows?

[@kendranash6130]

absolutely !!!!

[@pubmeatman]

Social Security is great longevity insurance. What if you live to 90?

[@chessmaster1115]

Yea both parents going into mid 80s now think i will wait. Also i couldnt live on the wages of the 62 year old option i would be back at work at least with the 70 year old option i could actually live on those wages.

[@dean4605]

I can barely pay rent and food, these people are in another stratosphere.

[@Olivia-2019]

That is such bad advice that everyone should wait until 70. This does not take into account how you will be supporting yourself until then. If you are solely drawing from retirement accounts it may not make sense to wait.

[@ryanyoung9202]

NO S#IT, NEXT UP WATER IS WET !!!

[@davidbrooks8809]

😂

[@maxinef6654]

😂😂

[@Nah481]

Let's see: 9/11 and unemployment, the 2008-2009 housing crisis and unemployment, and 2020 covid-19. How many people has lost all their savings to stay alive and avoid becoming homeless, how many has suffered from devastating losses in the stock market, then been forced to take out whatever is left to live on to feed themselves and their family and avoid becoming homeless? The answer is most of us.

[@danb5595]

People Have been pointing this out for years. This is a new study?

[@Art-w1l8x]

Start Taxing the RICH yesterday! Anyone earning $1M per yr. across the board 20% gotta start paying their share!

[@moonpie7355]

Don’t forget SS gets taxed 🙄

[@bonniegaither3994]

Yeah. Thanks Reagan 😡

[@elainegoad9777]

SS taxed according to what you receive and if you are low income you don't get SS tax.

[@xivinrah]

Didn’t need a study for this… the only hope for retirement at this point is moving overseas.

[@tarikviaer-mcclymont5762]

This is going to create the global gentrification gang

[@TheMilpitasguy]

Why retire at all? Retirement is BORRRRRING

[@marryellenmonahan5585]

@@TheMilpitasguy So I can enjoy life before I die.There's so much to do besides working.

[@manuelfabbri7650]

@@marryellenmonahan5585if you work 4 hrs x day you are left with the other 20 to enjoy life

[@boristheamerican2938]

@@TheMilpitasguy Then you are boring.

[@eddiejohnhurst1]

I been planning for retirement sense 13 years old!!! I watched my dad not plan for it, that is why I do!!!

[@williamwilson6499]

So you’re a year into it. Good for you!

[@eddiejohnhurst1]

@@williamwilson6499 25 Years now!!!

[@Music-wu5de]

Should've skipped those lattes is what I'm sure most people will be thinking but with multiple recessions, the COVID pandemic, and the transition to 401ks most were not going to be ready by 65.

[@jonnelson9760]

Just more retirement bull$#&t to scare everyone into hiring a financial planner. Unfortunately there are no planners for a person with normal median household income.

[@enemysquirrel]

no answers provided by guest or host. not really.

[@kevinharris5737]

As long as you're alive the checks keep coming, CSRS.

[@67daltonknox]

Americans raised in the great depression knew the value of a dollar and also spent most of their working lives in the post-WWII US boom so they became affluent. Their children, the baby boomers, were raised thinking money grew on trees and their working lives came after the US economy slowed in the '70s resulting in poverty unless they inherited from their parents.

[@cstuartdc]

“you don’t go when you’re ready. You go when you’re ready enough “ - Enders Game

[@bherber]

So actually, taking at 62 may make sense for a lot of people. If you don't need it, take it anyway, and just invest it in the stock market

[@elainegoad9777]

How about talking about how there isn't enough senior tax credit low income housing to accommodate seniors and disabled and there is years on waiting lists. Prepare to be homeless of living in your vehicle and declared a criminal by the government.

[@lextacy2008]

Those boomers should not have had that i-pad in 1955

[@Here4TheHeckOfIt]

😂 Ooh! The sarcasm in this comment is really thick

[@bitcoindaddy1]

🔥

[@gilsonsangulukaniphiri5018]

Call that a blame game?

[@marryellenmonahan5585]

Tax the rich and raise the cap. Problem solved.

[@gilsonsangulukaniphiri5018]

The drawback is that it is the same rich and politically powerful who call the shots.

[@marryellenmonahan5585]

@@gilsonsangulukaniphiri5018 There is no draw back.We are paying for their tax cuts while the middle class disappears period

[@gilsonsangulukaniphiri5018]

@@marryellenmonahan5585 Institutionalizing laws/statutes for the rich and politically powerful to pay the "rightful " dues on tax might be a dream because it is the same people who will invariably make those same laws. That's what I mean as a drawback.

[@commonsenseisntcommon1776]

The rich already pay most of the taxes, stop listening to the left!

[@boristheamerican2938]

@TheR3alRyan SS is fine. The republicans calculate it as everyone is going to live to 100. In reality im 63 and people from my high school graduation class are dropping about 2 a month now.

[@sco0tpa]

In the meantime, keep spending money on 75,000 trucks that get 8 miles to the gallon. Be sure to take out a 7 year loan on this depreciating asset so pay plenty of interest on it. Perhaps you can live in it when you figure out social security isn't enough to live on. Oh and buy a big boat.

[@matthewfeatherston8982]

Wait until your 70.... MMMMM... By the time I get to 70, the "Max Retirement", will probably be like 75... Ah, you almost had 😂

[@jamesbianchei]

That is exactly right. Every few years they realize SS isn’t going to last so they bump the age up. We will only get 1/2 of what we should be getting. She didn’t mention a big number of illegals who are earning money aren’t paying into ss.

[@bitcoindaddy1]

Jill telling everyone....trust the govt and trust me bro!!!!

[@matthewfeatherston8982]

😂

[@bmrp4749]

Every person who says that they retired at 52 to 57 are liars about saving. They all had a windfall or something for that to happen. They’re just not telling us what it is.

[@reginarodriguez-martin4928]

Medical science acted like the natural lifespan was a problem that needed to be solved. Increasing our lifespan hasn’t solved ANYTHING. In fact, it’s added to the problem of how people survive financially after they’re retired.

[@Indypendy]

Love that the host is comfortable in braids, we can thank basketball for this smooth transition

[@jhrielly]

“They are not prepared but that’s ok…”?!?

[@ShayKMBR]

*None of us are financially prepared* Unless you're on Wall Street Washington, the rest of us are ******

[@tomm1583]

So there are much more who are younger than 65 who are in the same boat.

[@sandrap4188]

Had to retire early for medical reasons....planned to work to age 65 & never planned for leaving workforce so early. So do plan for worst case scenario because Life happens. Have Plan B & Plan C lined up & a strong safety net of family, nest egg, & friends. Because you can't go it alone with no money for very long when you are old & disabled. You can't live out of your car when you are over 60.

[@Omikoshi78]

Her advice on when to collect social security is insane. If you die anytime before 90 you lose out by not collecting earlier. Also who wants more money after 90?

[@JWH808]

Yeah, I’m not relying on social security. I’ll take it at 62.

[@waterbug1135]

There are other ways. I retired 22 years ago at 45. Currently 67 with $9k total cash assets and zero income. So I'm poor. That qualifies me for free healthcare (Medicaid) and a smartphone (LifeLine). My total spend for 15 years has been $600/mo average. Inflation has increased of course, but I've also learned how to be as happy or happier while spending less so that $600 has remained the same. That's not a budget thing, just where my spending happens to land. I was a software engineer and could do that work today if I needed or wanted to spend more. Next year I will sell my home and net $530k cash, I'll take SS at age 70 which is $3800/mo (today's dollars) and I'll move to SE Asia. There $1500-2000/mo a person can live very well. I'm healthy today but this move will prepare me for extreme old age. A live-in housekeeper costs $75-200/mo USD plus food. A live-in fully trained caregiver costs $500-1000/mo. I can't get that level of care in the US at any price. Saving, investing isn't the most important thing. Spending is far more important.

[@Rita-ic9tv]

Qualify for Medicaid with a house?

[@carolperdue7534]

@Rita-ic9tv it depends on the rules for the state you live in. Some states qualify you based on income only. Other states use income and assets. My state switched to income only for seniors specifically allow seniors who own a home to qualify for Medicaid.

[@Rita-ic9tv]

@@carolperdue7534 oh thank you

[@caddie1a]

Let’s not forget peer pressure to be ‘normal’. I can’t tell you how many ‘friendships’ I left because they wanted to spend my money. Smh

[@robertmurrill165]

everybody knows why this is the case /these pundits are total clowns

[@cur244]

Because Americans have always been awful savers. People 65 haven't saved over several decades.

[@douglassmith9445]

Just wait for social security to run out as well

[@lextacy2008]

It wont run out. They have been saying that since 1887

[@douglassmith9445]

@@lextacy2008 we have a projected date for exactly when it will run out.

[@lextacy2008]

@@douglassmith9445 Even if it was to run out, the MASS class action suit that will collect it from the government will force its solvency.

[@July.4.1776]

@@douglassmith9445…. Payroll taxes will fund 75% of it in 2032. Congress will fund it fully in the last minute just like they have the past two times. They will address it in 2032.

[@justmee9441]

​@lextacy2008 which is it? Run out or no? Take a stand!

[@dougschultz4252]

This is the worst of the morning shows. The money lady Jill is the only one that’s any good. Gayle and the others should have nothing to do with news lol

[@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.

[@Legoman69469]

Yes don’t forget to up the contribution every year while you pay $4 gas, $6 eggs, and $2500 rent…and here’s your 2% cost of living increase

[@back2the80s]

@@MelissaLuvsHensraise chickens in a apartment? Be realistic

[@johnalver]

Sounds like some people are going to spend their last days waiting ON THEIR DAILY BREAD ahahahahaha

[@CT-ig2oz]

Are you sure you’re living until 70yrs ? How many percent people reach to 70 ? Good luck

[@debbieframpton3857]

I'm 70 years old my mom is 89

[@user-gl9iz1bp1r]

Awareness buys time, time buys options - until it doesn’t. I was aware in my 20’s. Retired and still save $2,000 a month.

[@micheal6901]

Where's Tony Sadiku?

[@rbass7674]

If you’re close and just checking now, it’s too late.

[@northerniltree]

I heard an old friend of mine was abroad to save money in retirement. How does dressing up as a woman just to get free drinks and meals really help that much?

[@TinaMariaCurry]

A jab in a left arm...Am still standing...some one wants to have a seat...my office can not accomdate them

[@justmee9441]

My knee built tires that couldn't fit backwards. Crazy thought I know but cows live in the city.

[@paulsaragosa371]

Think about what you got today and forever

[@joelcleare]

Wow. They lived through the golden age of wealth acquisition and generational wealth. Average house price 30 years ago was under $50k. Bet there are a ton of regrets now.

[@BuhodePiedra]

We are called Vulture Capitalists in other countries. Figure it out. We’re not sacred our immune from our own treatment that we used to reserve for foreign nations.

[@tacotruffles]

Roommates.

[@prairiemark4084]

Human beings, like other creatures can adapt. If we have a lot of money we spend it. If we have less we can make do. Live in a cheaper apartments, eat out less. I am 70 years old. I think I have bought my last car. If I get really up against the wall I will live in my little home that my wife and I have in the Philippines. It is really a wonderful life there. And we can live on less than $2,000 a month. My cardiologist charges $8 an office visit. It is $25 to do a device check on my pacemaker, not several hundred dollars. Who knows, I might not live as long, or I might live longer over there. But honestly I think I can live in the USA and get by OK. I say to plan the best you can and not worry about it. The world is full of people who want you to worry. Plan the best you can. Stay close to your family. Be thankful and make it through the hard times the best you can. And if all else fails....marry a younger wife that likes to work overtime.

[@carmarasmussen8118]

"But they're going to fix it". Sure they are. I'm 57 and I highly doubt I will get any SS payments. The fund will be bankrupt by the time we retire.

[@davidbrooks8809]

Basically she doesn't have the answer there is no answer there's no magic pill either you have money or you don't😂😢

[@johngill2853]

The magic pill is to spend less if you are not ready

[@paulsaragosa371]

Even cents

[@Z28videogates]

Boomers unable to vote themselves out of this mess.

[@garyfarley323]

Hahahahaha, all those people aren't thinking about retirement ...they all are MILLIONAIRES!!! with his $500.00 haircut. LOL

[@DavidEVogel]

If you are 65 and do not own investments its too late to catch up. You have missed the miracle of compound growth. Sorry.

[@trkarst82]

This woman said she's 42?

[@martamara1979]

Those retirees should move to another country to live like little kings. Costa Rica? Uruguay? Panama? Slovenia? Czech Republic? etc etc

[@joelds1751]

Talking about the teenagers who went to Zeppelin concerts and Saturday Night Fever. Be surprised and sad if true. Taking responsibility and saving early was well known then. Like credit card interest rates, doesn't matter if you pay the balance every month, borrowing the bank's money free for 30 days.

[@robertjrobicheau8456]

Whose surprised?

[@joans5619]

If we retired this year we have $700000 right now then if you add in social security each now through 2035 when as runs out so $6200 a month from SS x 12 months x 11 years =$818,400 + $700000 = $1,518,400 is what we have to retire on. It’s all good until 2035. At which point we draw from 401k and use what we saved from our social security by not spending $6k a month. No debt. Live within your means. Retiring on less than $2m is possible even with the crazy inflation which historically moves up and down anyway.

[@PraveenSrJ01]

Thanks to Nixon and Ronald Reagan for getting Americans into this mess! Vote 🗳️ for Biden to save the country.

[@carmarasmussen8118]

Biden is not going to save this country. 😮

[@charletfoster8917]

This is needed info for all n Nate’s hairstyle is 💰💰💰💰💰

[@jeffs9850]

Love the hair!

[@JR-xj2vr]

Seek financial advice when you are young and start a plan. Fail to plan, plan to fail.

[@EnronnSierra]

I don't think Jill likes the nickname Nate, she said hi while grinding her teeth.

[@Polostar79]

He’s used that nickname with her numerous times. If she had an issue with it I’m sure she would’ve addressed it with him by now.

[@Tmac90-c7n]

The hairstyle 🔥🔥🔥

[@eddyr1041]

Always same newscissue year and years on😅

[@ronkruger7164]

Age 72, 75 and 80.

[@lelandgaunt9985]

This is why we need a $125 dollar living minimum wage so I can make a career out of Taco Bell. 😂

[@rdbeaz]

Move to Thailand...no joke

[@donnaallgaier-lamberti3933]

Responsible finances begins in the home. Teach your children to budget, open a credit unions savings account and to work for your income. Live on less than you make and plan. Make a good marriage decision and do not divorce. If you can put away just $100.00 a month starting in your 20's and invest wisely you should by a millionaire by the time you retire.

[@cyclops9125]

Participate in “bring your coffin to work day”

[@DaneRates]

Is there an unalter real news

[@jeffreyrichardson]

scotts annuity gregs oreos purity taxed security

[@ragepie292]

Aunt Jill from the 404

[@schawnettarobinson8584]

😭

[@shellysmith1037]

duh of course not. we've been paying too much in fees,taxes, licenses and we stiill live like amish people. bidenflation, who knew we'd need to save for 3 weeks just to buy a cheeseburger

[@paulsaragosa371]

Sacrifices now right now think about wisdoms and knowledge

[@RMSx3-hx3po]

FJB

[@twnorth4517]

Bad Hair