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Thank you for sharing your thoughts on this. We really love the feedback. We will start incorporating more clients into the videos to help bring the best information to clients the audience possible. Again thank you so much for this comment and we will let Gina know that you thanked her.

I know its a lot....

Love that angle.

Ya its intense. I am glass is half full guy. My hope is that they are able to adjust for it...

I am a glass is half full guy.. I believe it will get addressed. Additiionally we are about to see a big dip in demographics so there will be less strain on the system, and hopefully that balances it out.

@davidafraimi i like your optimism.But if that money had been set aside and put into a savings account earning interest, I could retire right now.

@@esromvre ya fair. GOVT should let more people decide what to with their funds I agree. the system isn't great.

@davidafraimi the system would be grateful if politicians would leave there hands off of it taking money out for other things

Thank you for sharing this! You are much farther ahead than even baby boomers. Out of curiosity what helped you generate so much discipline around your finances? I would love to be able to pass that on to the people we work with and teach. Do you have any additional tools you use that may be outside the box..??? Your own specialized budget spreadsheets etc? Again thank you

@@davidafraimi I had some coaching from a rep at work when signing up for the 401k so I was saving 15% since age 23. Also after getting out of debt twice I discovered I need to earn more. I started working overtime and learned to make it consistent. I took the debt paying off strategy and switched to saving for retirement at 20 to 25% and have done it ever since my late 30's. I learned from Bogelhead's resources, and Paul Merrimen after doing some reading.

@@davidafraimi Getting in and out of debt twice prompted me to earn more consistently and stay out of debt. I then went from saving 10% to saving 25% after I learned from online guru's I should investing 20 to 25% to be a super saver. I also kept in touch with my parents and helped them when they reached the venerable ages. I was fortunate that my employer has allowed me to work one extra day every week my whole career as a critical care RN. I also work a weekend program that pays better. I read Boglehead's Guide to Investing and found Paul Merrimen online. I have only been a millionaire since age 46, and a multimillionaire since age 52. I consider myself a middle class millionaire, meaning I live on a middle class budget and have a high net worth.

@@davidafraimi Probably due to getting into and out of debt twice. I already saved 10% of my pay into investments but upon getting out of debt I decided to keep a budget and educate myself. In my 30's I came upon and read content from Jack Bogel, Paul Merrimen, and other You Tube content. I decided to work overtime regularly and increased my investing to 25% or more. My income at work increased as I got older so my contributions did also.

works even if you're not retired. Lots of folks moving to other countries making US dollars and expanding their lifestyles.

Thank You Cyndie. :). You are the best. WE love you more

hahahahah... fair but better looking :)

thanks send us an email and we will get you a budget sheet info@bamadvisorygroup.com

Because if there is too much income it will bump you into a tax bracket you may not have to be in. Many in retirement do not nec need to take their required minimum distributions - again there are ways to mitigate it and reduce your taxable income. :)

hahahah true... We need to redo this video... hahaha...