How to Happily Retire in a Broken System

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  • เผยแพร่เมื่อ 5 ม.ค. 2025

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  • @GarnishEric
    @GarnishEric 6 หลายเดือนก่อน +51

    victoria flores was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from victoria Flores.

    • @ThomasJeffersonEdison
      @ThomasJeffersonEdison 6 หลายเดือนก่อน

      You trade ?? Wow that's huge, how do you make that much monthly?

    • @GarnishEric
      @GarnishEric 6 หลายเดือนก่อน

      *_I will leave her info below this comment_*

    • @GarnishEric
      @GarnishEric 6 หลายเดือนก่อน

      She's mostly on Telegrams, using the user name
      .....

    • @GarnishEric
      @GarnishEric 6 หลายเดือนก่อน

      Activevictoria1..That's
      ???? her user name.

    • @TarekCynthia
      @TarekCynthia 6 หลายเดือนก่อน

      Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading

  • @wildfoodietours
    @wildfoodietours 6 หลายเดือนก่อน +10

    Always rely on yourself in retirement, but that takes planning and dedication, something many people completely fail at.

    • @transitengineer
      @transitengineer 6 หลายเดือนก่อน +2

      Now in my early 60's, I retired last year. In my 20's, I assumed everything for my retirement might be taken away. So, I made sure to have various "retirement pots" (i.e. private sector pension, public sector pension, 401(k), 457 plan, IRA, social security, and personal savings and investments). This way at retirement if, social security was gone ... then no problem, if my private pension went away ... then no problem, etc. However, to my great surprise all of my "retirement pots" are still here and active (smile...smile).

  • @SJ2236
    @SJ2236 6 หลายเดือนก่อน +3

    2:30 mutual funds and index funds (and stocks and etfs for that matter) are types of investments. The account type after you mentioned after getting the employer match and Roth is a brokerage.

  • @transitengineer
    @transitengineer 6 หลายเดือนก่อน +2

    Thank you, for sharing your comments. In my over 60-years of life, I do not feel that our Retirement System in the United States is broken. Instead, I feel it is just always changing for example: Opened my first traditional IRA in 1985 but, Roth IRA accounts are a lot better because, they are "tax free" for life but, they did not exist; while working in the private sector for 15-years from 1990 through 2005, had both a traditional pension and a 401(k) with a 2 percent match; However, this same company no longer offers its workers a traditional pension. Also, I know that social security is only a supplement to a primary retirement source. Later when working for the public sector, I learned that my social security monthly pay-outs will be reduced if, I also have a public pension. In my case this will lower my benefits by about 20 percent so, you make retirement plan adjustments and move forward (smile...smile).

  • @DaveM-FFB
    @DaveM-FFB 6 หลายเดือนก่อน +8

    The "traditional way to retire" used to be a pension and social security. Those days are over for almost everyone. Take responsibility and find your own solution - or do nothing and work until you die. Valid retirement solutions involve multiple streams of cash flow in retirement. IRA/401K, Roth, Social Security, Business Income, Rental Real Estate Income, Part Time Work/Side Gigs, Annuities, Structured Settlements, and Pensions (if you're lucky).

    • @I_Died_2_Weeks_Ago
      @I_Died_2_Weeks_Ago 6 หลายเดือนก่อน

      You left off income ETF's for us retiring early. Annuities do nothing for me.

  • @rafttherogue3692
    @rafttherogue3692 6 หลายเดือนก่อน +9

    Regarding the music, myself and my wife have to have the words on the screen when there is music playing when people are speaking. Hallmark movies are some of the worst. I have listened to you, George and the gang many times with no music playing. You are great. I want to hear all that you have to say. I'm sorry to say that I will no longer be trying listen to you with music playing. Please let me know if you offer it without it. Sad in Oregon

  • @john-o1g9p
    @john-o1g9p 6 หลายเดือนก่อน +6

    the system is not broken the people in it are.
    it's about decisions. we all start from different places.
    the time from starting your working years journey to its end
    is usually more than 1/2 A CENTURY. let that nugget sink in.
    self employed; not in the market, and doing just fine.

  • @smileyy777
    @smileyy777 6 หลายเดือนก่อน

    My parents never ever thought in the 80s when they were my age, that to retire comfortably middle class now would take a million dollars. The difference between the 80s and now is just so huge. Im worried about what the difference would be 2020s to 2060s could look like. Everyone says to retire with a million plus but they’re saying that about the present economy.

  • @lynnealong2070
    @lynnealong2070 6 หลายเดือนก่อน +7

    Stop expecting the government to come in and take care of everything. like Rachel said, personal responsibility.

  • @Muller_Andr
    @Muller_Andr 6 หลายเดือนก่อน +91

    With 22% of Americans lacking retirement savings, I'm seeking advice on growing my depleted $120k.

    • @BenRovello
      @BenRovello 6 หลายเดือนก่อน +1

      Evaluate actions harming your finances, like carrying over credit card debt monthly.

    • @simone_maya
      @simone_maya 6 หลายเดือนก่อน +1

      Take small steps; any progress beats inaction.

    • @Jennapeters144
      @Jennapeters144 6 หลายเดือนก่อน

      Create a budget with a fin advsr for effective income and expense management.

    • @AadhilaEesha
      @AadhilaEesha 6 หลายเดือนก่อน +3

      The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

  • @chrisdennis1125
    @chrisdennis1125 6 หลายเดือนก่อน +1

    I’m 62 looking forward to my retirement but might not happen until I’m maxed out on SSI - any suggestions to retire earlier- savings accounts not worth mentioning - 401k contributions not enough -only going to live so long with decent health- you get old stuff happens- wow is me😂

    • @transitengineer
      @transitengineer 6 หลายเดือนก่อน

      Now in my early 60's, I just retired last year. Question, are you currently working in the private sector or in the public sector? I am asking because, your options to support an early retirement may be different depending on your employment sector. As for myself, I did 15-years in the private sector and 20-years in the public sector. So now in retirement, I have a private sector pension, and public sector pension, 401(k), 457 plan, IRA, and can also apply for my social security (smile...smile).

  • @wifeybaby4001
    @wifeybaby4001 6 หลายเดือนก่อน

    Is synchrony bank a good one to store my money ? Is a high yield savings account

  • @deb9806
    @deb9806 6 หลายเดือนก่อน +1

    i love that shirt, wish I knew where you bought it : )

    • @DaveM-FFB
      @DaveM-FFB 6 หลายเดือนก่อน +1

      I must admit that Rachel has a nice wardrobe.

    • @john-o1g9p
      @john-o1g9p 6 หลายเดือนก่อน +1

      @@DaveM-FFB a write off as a ''business expense''?

    • @nataliemoon2930
      @nataliemoon2930 5 หลายเดือนก่อน +1

      It’s from the Loft

  • @marlene_orja
    @marlene_orja 6 หลายเดือนก่อน +5

    I am a 54-year old burnt-out doctor planning retirement soon. Currently seeking best strategies for market downturns and hyperinflations to save my $400K declining portfolio

    • @transitengineer
      @transitengineer 6 หลายเดือนก่อน

      Let me see, Bank Certificates of Deposit (CD's) are at 5.25 APY; Treasury Bills and Treasury Bonds are over 4.5 percent; and the S&P 500 is at a record high. So, please tell me what are you investing in, that is causing your portfolio to be in decline?

  • @stevenjumper5781
    @stevenjumper5781 6 หลายเดือนก่อน +1

    They need to shift off Dave’s “growth stock mutual fund” it’s not a good description of how to invest

  • @dondenis1500
    @dondenis1500 6 หลายเดือนก่อน +2

    I think the traditional way to retire will not be for me. I can see myself working part time to supplement my pension, investments and Social Security.

    • @john-o1g9p
      @john-o1g9p 6 หลายเดือนก่อน

      '' working part time to supplement my pension, investments, and social security.''
      how much is enough?

    • @dondenis1500
      @dondenis1500 6 หลายเดือนก่อน

      @@john-o1g9p Goal is to not dip into my investment for a while. I think $4,000 per month with pension and SS would be fine.

    • @lindsay3793
      @lindsay3793 6 หลายเดือนก่อน +1

      What is a pension?

    • @everettmanchester8658
      @everettmanchester8658 6 หลายเดือนก่อน

      @@lindsay3793 Yep, that ship has sailed a long time ago for. Only 15% of privet industries have access to a pension.. by the Bureau of Labor Statistics. I say that ship has sailed..unless you work for a city, state or government.. As the population grows older, these numbers are dropping every day.. right now, it’s on your own. IRS and 401’s work, if you’re disciplined enough to follow the program. And start young enough. That why evert Highschool in the country should have a mandatory program everyone must complete as a school course through out highschool to graduate.. “knowledge is power”

  • @joeriveracomedy
    @joeriveracomedy 6 หลายเดือนก่อน +8

    Unequal? If you can read & ask questions, you have no excuse to be broke.

    • @john-o1g9p
      @john-o1g9p 6 หลายเดือนก่อน +1

      absolutey.
      ...i have noticed ''the ''kids'' are starting
      to load up more ''silent'' commercials in the lil bits...

  • @MihailZac0444_...
    @MihailZac0444_... 6 หลายเดือนก่อน +1

    i have about 5% of my portifolio in AAPL stock, any advice on any other that I can grow my $200 k capital to a million dollars???

    • @CorbinTate-gt8hm
      @CorbinTate-gt8hm 6 หลายเดือนก่อน

      I have heard a lot of wonderful things about Andra moorea on the news but didn't believe it until now,

    • @MonicaFrancis-cm8yj
      @MonicaFrancis-cm8yj 6 หลายเดือนก่อน

      @@CorbinTate-gt8hm Andra Moorea is outstanding. The knowledge you will gain is for a life time, with her coaching

  • @jimdale3188
    @jimdale3188 6 หลายเดือนก่อน

    Start selling things you wasted money on. Start a side hustle that you can do post retirement. Using the 4% rule Dave hates a $1,000 a month hustle is worth $300,000 in savings.

  • @MrBrewman95
    @MrBrewman95 6 หลายเดือนก่อน +1

    Buy and HODL Index Funds only. Max out everything you can. If you can get about 150k plus by the time you are 35, you will be set and can cut back a bit so no catch ups contributions later on will be needed. Or keep maxing it out and have millions. Also don’t waste your money on healthcare ministries. Jesus Christ. 🤦‍♂️ Get a high deductible health plan if you are in decent shape and max out the HSA too.

  • @Rashaadthegr8
    @Rashaadthegr8 6 หลายเดือนก่อน +1

    Don't have kids/date until you're on baby step 4. It's simple as that. Then you be ahead of most people in the world.

  • @Johanneslol11
    @Johanneslol11 6 หลายเดือนก่อน +2

    I am from the Netherlands 😂but I heard so much about America pension funds with all these videos 😂I think I know more then most Americans

    • @BluDynamo
      @BluDynamo 6 หลายเดือนก่อน +2

      Very few American employers offer pensions anymore, so it's not something that younger people have experience with here. The concept of it is also dying out and a number of existing pension plans have run out of money. I work with a gentleman in his late 70's who had a career in the steel industry for many decades. That company's plan finally went belly-up about 5 years ago and now he has to work part-time at an Amazon warehouse to make ends meet. It's an interesting concept, but I think I'd rather depend on myself to have enough money saved than depend on a pension plan in retirement.

    • @gladyschandler6724
      @gladyschandler6724 6 หลายเดือนก่อน +1

      I retired in 2023 at 72 because i wanted to reach the maximum s.s. I also have a small pension $565. I also started years ago to research where I am going to retire cheaper than the Bay Area of CA. I purchased my house in 2018 and leased it out until I was ready to move to Austin, Texas, in 2022.

    • @Johanneslol11
      @Johanneslol11 6 หลายเดือนก่อน +1

      @@gladyschandler6724 Ah that is smart, I hope you like your retirement 😊🙏 I still have decades left to go sadly haha

  • @ludens1526
    @ludens1526 6 หลายเดือนก่อน +2

    If you invest in real estate the right way you can retire with more

  • @rudyardganuelas6254
    @rudyardganuelas6254 6 หลายเดือนก่อน +5

    Faith based health insurance? lol

    • @joannafoster3423
      @joannafoster3423 6 หลายเดือนก่อน +1

      Our pastors had this for decades. There's several health care sharing companies now. It's a great option for nonprofits.

    • @john-o1g9p
      @john-o1g9p 6 หลายเดือนก่อน

      my neighbor's wife up the family w/o telling/asking him.
      2 claims, 2 denials... read the fine print

  • @TeresaS-q7x
    @TeresaS-q7x 6 หลายเดือนก่อน +14

    Annoying music again!

    • @Michael-hb4wc
      @Michael-hb4wc 6 หลายเดือนก่อน

      idk... I like bobbing my head and snapping my fingers.
      Groovy.

    • @kdonor
      @kdonor 6 หลายเดือนก่อน +1

      Yeah I couldn't handle more than 40 seconds of it. Oh well. I'm sure I'm doing fine with retirement anyway

    • @MariaGarcia-gj5ie
      @MariaGarcia-gj5ie 6 หลายเดือนก่อน +1

      I was too busy following her words to notice.

    • @KJ-od8wq
      @KJ-od8wq 6 หลายเดือนก่อน

      @@kdonor
      He says with a maxed out credit card payday loans?

  • @missionken-possible1108
    @missionken-possible1108 6 หลายเดือนก่อน +1

    First