Well majority of people live in the "now." Little thought of retirement and mind set is that they will have time, or "I'll worry about it later." I wasted 20 years not saving because of that mindset.
For some people it is a desperate mindset. They know they need to and want to save for retirement but ate so focused in paying the rent and staying alive.
Some people see loved ones save and save and save and then get a bad illness or deteriorating health or pass away young and never get to enjoy their life at any point. The only thing that exists is right now and the present. The future is only an idea or concept. With that being said you have to be practical about it, save practically for the future but it’s utterly useless to stress or worry about it.
I'm worried I will never retire. My bills have shot up to the point that I need almost every dollar I make to pay for my home. I used to have way more leeway. This economy is going to hurt a lot of people in their 50s.
I was happy and upbeat in 2020… then, in the last four years, my hopes collapsed… I wonder what happened in the last four years that have had such a dramatic effect on my expectations…. FJB
This is another middle class/upper middle class issue. Neither poor people nor rich people worry about retirement. I just retired at 62. My current income is about the same as it was when I was working and now, no one can fire me. In 3 years, barring something unexpected (death or winning a lottery), my pension will go even higher, due to my status as a combat veteran. In my current situation, I live rent free, receive free food and have low cost amenities. My electric and internet bills are less than 200 a month. My gym membership is 10 dollars a month. My car insurance is around 300 a year. Laundry costs less than 20 a month. I put about 20 worth of gas in my car every 3 or 4 weeks. And health insurance, including eyeglasses, is free through the VA. This is my dream retirement.
The interest rate has increased eight times since March of last year, to 5% now. My retirement fund has suffered greatly over the past few years due to inflation at 7% and mortgage rates at over 7.5%, so I'm wondering how older people retire and survive in such an unsteady economy. Obviously, now is not the time for me to play the long term game.
I completely agree. As someone who recently retired, I had very little in retirement funds compared to my portfolio balance over the previous three years, no debt, and approximately 1.2 million in outside retirement accounts. Actually, one can only neglect rather than deny the importance of the invt-advisor. just need to conduct research to identify a reliable one.
The important thing is to manage your money, not how much you save. It still comes down to income vs. expenses whether you work for a living or invest, so sure, you might check into financial consultants for a plan that works for you.
for information on investing, insurance, ensuring retirement is adequately funded, and exploring strategies to provide a volatility buffer for investment risk, you'll probably get more information if you do an internet search for her
The bigger problem with retirement is a lot of people in my generation (millenials) are already burnt out. When you’re burnt out you’re less inclined to pinch pennies and more inclined to spend spend spend.
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I was able to front-load a lot of my retirement from the beginning of my career so now in my late 30s, if I didn't put in another dime into my 401k it will be a couple million by the time I retire. The problem is that now I can't afford to buy a house in order to have room to build a life of my own or start a family. So I'm set for retirement.....as long as I want to be alone and not being a homeowner for the rest of my life.
I did go to Walmart today. There was an old man taking care of the shopping carts. He was older than me. He also working with a knee protector. Dude what are you doing? Like he should be retired. I hope it's not this his retirement.
I'm only 44 and I'm on track to be able to recreate my income in retirement at age 62 (after inflation). However, I do not believe that is realistic anymore with my predicted rate of inflation, S&P 500 rate of return, and taxes. I am now assuming a higher rate of inflation, less market growth, and higher taxes on the higher earners. I am not paying more on my mortgage and not buying new cars (even with cash) or doing any home improvement or major purchases. If things end up better then I'll have more to spend in retirement for travel and maybe a vacation home but if not I'll be prepared for a less prosperous future.
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
What a share!! it was easy to find your adviser. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Inflation, Boomers taking the last drop of economy social security, boomer voting for themselves by themselves. Solutions: Term limits, raise interest rates, track political insider trading, take away requirements for degrees to do anything but medical & stem & law
Yep, up until recently I had what I thought was respect for them but the more I dig and research the more I realize how terrible of a generation of Americans they were. They just took and never gave back.
I'm not so sure it is that clear cut. The debt per capita went up somewhat from 2000-2008, but then exploded in 2008 and has been on that trend since then. What happened?
Not true. In about 16 years, world population will start dropping like a rock every. Club of Rome predicted a world population of less than 2 billion by 2100.
Honestly I think that's when you reach a point and you move to a different country I'm not saying america is not a great country but look how people live. If you're single, your job can't rent an apartment. You're basic names there is a problem It's time to move to another country where the cost of living is lower and allows you to do that
Boomer here. Retired six years ago at 55. I have SS and TWO pensions. I’m making more than when I was working. Enjoying the finest in life. Trips. Fine dining. Nice house. New ‘vette. Gen Z and millennials I have one thing to say. “ Hahaha! Chumps!”
I only have SS, but I'm also getting n the max food stamps, zero rent apt and free healthcare from the VA. I make about the same as working, but it'll go up in 3 years, when I add the VA pension.
@@riddyswoosh3246 If you have a job with 401k, match that and I would definitely max your ROTH IRA, tax free in the future. They didn't have ROTH Ira when I started working, so I have the old traditional 401k where I will pay taxes later. Now a small portion in the ROTH IRA also. Invest as much as you can each month, believe me you will be happy when you're older, no worries but health. Good luck
Ken;s solution just get side gig and work 100 hours a week or fix snow plows. LOL that's like the Ramsey documentary on student loans. Ramseys solution fix old lawn mower in rural Iowa and sell them. Two clowns
Well majority of people live in the "now." Little thought of retirement and mind set is that they will have time, or "I'll worry about it later." I wasted 20 years not saving because of that mindset.
For some people it is a desperate mindset. They know they need to and want to save for retirement but ate so focused in paying the rent and staying alive.
It's their problem, not ours
Some people see loved ones save and save and save and then get a bad illness or deteriorating health or pass away young and never get to enjoy their life at any point. The only thing that exists is right now and the present. The future is only an idea or concept. With that being said you have to be practical about it, save practically for the future but it’s utterly useless to stress or worry about it.
I picked a career that I'll never be replaced and will never retire. So good.
I'm baby step 7. Retired at 55 years old and no regrets.
Correct English grammar would be "fewer" instead of "less."
He means fewer body parts? Thus, less of him.
You remind me of my SAT verbal academy teacher. Nicely done!
Thank you.
Thanks Stannis the Mannis
It is not less, it is fewer.
Thanks for that, unfortunately only 1% of us understand why.
I'm worried I will never retire. My bills have shot up to the point that I need almost every dollar I make to pay for my home. I used to have way more leeway. This economy is going to hurt a lot of people in their 50s.
I was happy and upbeat in 2020… then, in the last four years, my hopes collapsed… I wonder what happened in the last four years that have had such a dramatic effect on my expectations….
FJB
Why is the WE THE PEOPLE need to constantly make sacrifices? Why can’t the political elite? Why are we always getting screwed??? Sick of it
Because the government doesn't fear the people.
Ukraine and other foreign countries require your money. 😡
Agreed. The only way to win in life is to not play. I trust the government as much as I trust the Mafia.
This is another middle class/upper middle class issue. Neither poor people nor rich people worry about retirement.
I just retired at 62. My current income is about the same as it was when I was working and now, no one can fire me. In 3 years, barring something unexpected (death or winning a lottery), my pension will go even higher, due to my status as a combat veteran.
In my current situation, I live rent free, receive free food and have low cost amenities. My electric and internet bills are less than 200 a month. My gym membership is 10 dollars a month. My car insurance is around 300 a year. Laundry costs less than 20 a month. I put about 20 worth of gas in my car every 3 or 4 weeks. And health insurance, including eyeglasses, is free through the VA.
This is my dream retirement.
The interest rate has increased eight times since March of last year, to 5% now. My retirement fund has suffered greatly over the past few years due to inflation at 7% and mortgage rates at over 7.5%, so I'm wondering how older people retire and survive in such an unsteady economy. Obviously, now is not the time for me to play the long term game.
I completely agree. As someone who recently retired, I had very little in retirement funds compared to my portfolio balance over the previous three years, no debt, and approximately 1.2 million in outside retirement accounts. Actually, one can only neglect rather than deny the importance of the invt-advisor. just need to conduct research to identify a reliable one.
The important thing is to manage your money, not how much you save. It still comes down to income vs. expenses whether you work for a living or invest, so sure, you might check into financial consultants for a plan that works for you.
That's really interesting. I have a shrinking portfolio; how can I get in touch with the invt-advisor that is helping you?
*Leah* *Foster* *Alderman*
for information on investing, insurance, ensuring retirement is adequately funded, and exploring strategies to provide a volatility buffer for investment risk, you'll probably get more information if you do an internet search for her
“Fewer” Stannis Baratheon
The bigger problem with retirement is a lot of people in my generation (millenials) are already burnt out. When you’re burnt out you’re less inclined to pinch pennies and more inclined to spend spend spend.
As a Gen Zer a lot of my generation is burnt out already.
@@ryantjones1130 Burnt out after only five years in the job market. You have 40 years to go.
@@RichardLeo-mf3zb Thanks the older generations for the poor economy and housing market they have to work triple for way less.
@@Brian-dh9lp But still Gen Z is working more than past generations and making less.
@@Brian-dh9lp Boomers are the majority in the US Government generation wise.
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
Sure! She interacts on what's App using the digit below 👇
I was able to front-load a lot of my retirement from the beginning of my career so now in my late 30s, if I didn't put in another dime into my 401k it will be a couple million by the time I retire. The problem is that now I can't afford to buy a house in order to have room to build a life of my own or start a family. So I'm set for retirement.....as long as I want to be alone and not being a homeowner for the rest of my life.
I did go to Walmart today. There was an old man taking care of the shopping carts. He was older than me. He also working with a knee protector. Dude what are you doing? Like he should be retired. I hope it's not this his retirement.
I'm only 44 and I'm on track to be able to recreate my income in retirement at age 62 (after inflation). However, I do not believe that is realistic anymore with my predicted rate of inflation, S&P 500 rate of return, and taxes. I am now assuming a higher rate of inflation, less market growth, and higher taxes on the higher earners. I am not paying more on my mortgage and not buying new cars (even with cash) or doing any home improvement or major purchases. If things end up better then I'll have more to spend in retirement for travel and maybe a vacation home but if not I'll be prepared for a less prosperous future.
The title should be FEWER Americans, not less.
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Sure, 'Kristin Amber Landis' is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment.
What a share!! it was easy to find your adviser. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Inflation, Boomers taking the last drop of economy social security, boomer voting for themselves by themselves.
Solutions: Term limits, raise interest rates, track political insider trading, take away requirements for degrees to do anything but medical & stem & law
Yep, up until recently I had what I thought was respect for them but the more I dig and research the more I realize how terrible of a generation of Americans they were. They just took and never gave back.
I'm not so sure it is that clear cut. The debt per capita went up somewhat from 2000-2008, but then exploded in 2008 and has been on that trend since then. What happened?
Most of it can be fixed by just eliminating the cap on fica. Currently, it only taxes the first 100k.
That’s not how social security works.
Wikipedia says it is. But fica is now charged on roughly the first 160,000.
So about 150 million Americans will be living on street in 30 years
No wonder the world is slowly making a disconnect from the US$
Not true. In about 16 years, world population will start dropping like a rock every. Club of Rome predicted a world population of less than 2 billion by 2100.
Everywhere.
Honestly I think that's when you reach a point and you move to a different country
I'm not saying america is not a great country but look how people live.
If you're single, your job can't rent an apartment. You're basic names there is a problem
It's time to move to another country where the cost of living is lower and allows you to do that
FEWER Americans
It’s Ken. He skipped college…remember? 😂
We doesn't needs no collage educeyshuns in heer.
Thanks Stannis Baratheon
Boomer here. Retired six years ago at 55. I have SS and TWO pensions. I’m making more than when I was working. Enjoying the finest in life. Trips. Fine dining. Nice house. New ‘vette. Gen Z and millennials I have one thing to say. “ Hahaha! Chumps!”
I only have SS, but I'm also getting n the max food stamps, zero rent apt and free healthcare from the VA. I make about the same as working, but it'll go up in 3 years, when I add the VA pension.
A 22yr old Gen Zer here, I hope you enjoy retirement 😂. One day I’ll be in your shoes. How did you do it so young and early ?
@@riddyswoosh3246 If you have a job with 401k, match that and I would definitely max your ROTH IRA, tax free in the future. They didn't have ROTH Ira when I started working, so I have the old traditional 401k where I will pay taxes later. Now a small portion in the ROTH IRA also. Invest as much as you can each month, believe me you will be happy when you're older, no worries but health. Good luck
lol. Ur living my dream sir! 🙌🏾
The word in the title says “Less,” when the word should be *FEWER.* Learn some grammar before posting videos.
Answer: tons of poor life decisions
Ken;s solution just get side gig and work 100 hours a week or fix snow plows. LOL that's like the Ramsey documentary on student loans. Ramseys solution fix old lawn mower in rural Iowa and sell them. Two clowns
Most people gonna have to make cuts, drive a beater, cook, etc. Instead they wanna bitch and moan.