Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
'Carol Vivian Constable, 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.
Never too late. I had to pay big education debt and all paid off by age of 42 and it was the time I started to save and invest. Now I’m in my early 50s and I have about 300k in my portfolio. Not much for my age. But much better than having nothing prepared
@@tomtrensey4714 You might consider extend your retirement age to 67 or 70. It depends though...your lifestyle, your income from SS etc. The house is paid off that already much better than many people.
Great video, one that folks really need to watch. I' m 50, retired a while at 45. 1 have 35% of my capital invstments in an IRA. 25% in index funds, and the balance spread across other investment accts. in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly. My financial consultant has been patient and has done a wonderful job for me throughout the years.
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
I'm aware Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Please could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation and I seek a more lucrative investment strategy to effectively utilize before I consider retirement
Don't forget to exercise, walk is free, and make better diet choices. Just making that change also free. But I feel when retire I want to be healthy enough to enjoy it.
You're a great teacher. I have tweaked my emergency fund because of your videos. Right now im at 2 months, April will be 3. Then we'll keep going. Thanks
The velocity banking method of getting out of debt is my method of choice. I read your "Building your money machine" book and loved it......great stuff. The second best thing I did after getting my debt paid off is is paying myself first.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Annette Christine Conte 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.
thanks For clearing that up, I curiously searched for Annette Christine Conte on the internet and thankfully, I came across her my goal is to retire in 2 years time.
Never to late to start just start,every little bit helps,something is better than nothing.I started investing in my mid 30s and retired at 59 and i never made huge money.I stayed the course and got educated.
Thank you! Made some poor decisions in my 20s and 30s, so I am behind. Now single, early 40's, 100% debt free, renting, 3-6 months EF banked and growing. Last year I started a 401k at my work and a Schwab Roth IRA, so I've started retirement from ground zero. Been consistently contributing 15% each month for a year now. When calculating one's 15%, 20% etc each month towards retirement, should that include the employer match? What are your thoughts? My personal IRA contributions + my 5% of net paycheck deduction towards the 401k each month all currently total 15% without the match.
I really needed to hear this today. My mother's retirement plan was Social Security and me. I don't have kids, and Social Security is questionable, so it's up to me only if I want to retire at some point. Just listening to this video gave me a new sense of hope. Thank you.
Considering that I'm 41 and facing a job loss, I'm reviewing my financial plan. What investments should I make with $425,000 saved for retirement, $10,000 in an HSA, and a property that could generate me an extra $250,000?
Is it time for a career shift or should I consolidate my investments into a single account? If I go for the latter, how do I do it right, and what could be the drawbacks? Plus, with a $200K property sale on the horizon, should I combine my investments or diversify them across different markets?
These are crucial questions for a financial planner. I met mine at a NYSE summit, and with her help, my wife and I reallocated our $1.7M portfolio between a traditional IRA and a brokerage account. She’s been making investments with our approval and has helped us recover twice our losses. We’re holding steady and carefully navigating more markets
The snowball effect payment process s always the easiest cause you can see actual results much sooner.. not the most financially sound method but if you don’t see results then you result back to the norm.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 45
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Vivian Jean Wilhelm turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Its never to late to learn new skills. I saw a older man doing animal balloons at a park . He made a easy 300$ that day. Im sure youtube has how to videos. Just an idea...
There are so many videos talking about the same thing... power of compounding, saving for retirement etc... find 10-20% and save etc.. where? Where to find it. People are doing 80 hours per week and are living pay check to pay check, especially people with kids. They just want to survive. Now when I hear find 20% of your salary... find where?. Your title should specify if you have x income, or if you travel or drink alot because at least yoi can sacrifice somewhere. For most people there is no room in their budget and this is just the reality and these types of videos are just a reminder of how fk up we will all be soon. My advice is if you live within your mean, feed your family, have a job, and are strong enough to go back to your work tomorrow, then you are doing better than the majority of Americans. Raise your kids right, teach them empathy they will see what you sacrificed to raise them and perhaps if you are not a millionaire in your retirement like everyone in youtube they will help if they can but I can garantee you that you wont be alone. You just need to do your best and know some people will work past their retirement. Whatever dollar you can put on the side, put it. Does not have to be × percents
Its never to late to learn new skills. I saw a older man doing animal balloons at a park . He made a easy 300$ that day. Im sure youtube has how to videos. Just an idea...
Going to personally invest 100% FBTC in my Roth IRA to make up my lack of contributions during my 13 years of working 🙏 after a few years i will add the standard S & P 500 into my portfolio
Thanks for this. Currently in my golden year. Mortgage paid off but not much cash in the bank as my spouse and I worked on paying off our debts so no car payments except for groceries now and utilities. The problem is we don't have much cash except for personal retirement savings fund which is just about 60k combined This video gives us more hope. 15 yrs more to double our savings from today to retire comfortably.
I'm favoured financially with Bitcoin ETFs, from $37K to $65K that's the minimum range of profit return weekly regardless of how bad it gets on the economy
Charlotte Bates is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns
WOW!!! You know her too? I'm also a proud beneficiary of her platform. I'm a long term investor, celebrating my crypto portfolio of £345,000. Started 2023 before my retirement with £21,300.
I paid off my $529k 2.125% 10 years debt in 5 months. Started in October 2022 last payment was March 2023. Now totally debt free with 3 paid off rentals. Thank you Charlotte Bates
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
Mind if I ask you to recommend this particular coach you using their service?
'Carol Vivian Constable, 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.
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.
Never too late. I had to pay big education debt and all paid off by age of 42 and it was the time I started to save and invest. Now I’m in my early 50s and I have about 300k in my portfolio. Not much for my age. But much better than having nothing prepared
My house is paid off and I have 70k but, I am 61 years old! It feels like I'm screwed!
@@tomtrensey4714 You might consider extend your retirement age to 67 or 70. It depends though...your lifestyle, your income from SS etc. The house is paid off that already much better than many people.
Thank you @@SideWalker562
@@SideWalker56267 is the plan. But, I certainly don't know that my body agrees!
@tomtrensey4714 the home being paid off is HUGE.
I’m 39. Weird to think about turning 40. Life goes by faster the older I get.
It absolutely does. I'm 38 and going to be 39 at the end of January. It flies by!
Man I third this! I just turned 37 last month, and no lies are told here.
Same boat, just turned 39 last month. Life is a blink!
Yes it’s an actual fact the older you get the faster time goes. It’s scary
@ Weird.
I’m 92 and just starting to invest for my retirement. I’m hopeful
😅😅😅
Good one.
😂
Great video, one that folks really need to watch. I' m 50, retired a while at 45. 1 have 35% of my capital invstments in an IRA. 25% in index funds, and the balance spread across other investment accts. in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly. My financial consultant has been patient and has done a wonderful job for me throughout the years.
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
I'm aware Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Please could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation and I seek a more lucrative investment strategy to effectively utilize before I consider retirement
Joseph Nick Cahill
Don't forget to exercise, walk is free, and make better diet choices. Just making that change also free. But I feel when retire I want to be healthy enough to enjoy it.
Absolutely!!
Health is form of wealth. Without it all the money 💰 in the world doesn’t really matter.
You're a great teacher. I have tweaked my emergency fund because of your videos. Right now im at 2 months, April will be 3. Then we'll keep going. Thanks
That was me 4 years ago. Sitting at 190,000k net worth. Picked the right stocks and invested a lot.
The velocity banking method of getting out of debt is my method of choice. I read your "Building your money machine" book and loved it......great stuff. The second best thing I did after getting my debt paid off is is paying myself first.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Annette Christine Conte 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.
thanks For clearing that up, I curiously searched for Annette Christine Conte on the internet and thankfully, I came across her my goal is to retire in 2 years time.
Never to late to start just start,every little bit helps,something is better than nothing.I started investing in my mid 30s and retired at 59 and i never made huge money.I stayed the course and got educated.
People need to hear this. Great job sir
Thank you! Made some poor decisions in my 20s and 30s, so I am behind. Now single, early 40's, 100% debt free, renting, 3-6 months EF banked and growing. Last year I started a 401k at my work and a Schwab Roth IRA, so I've started retirement from ground zero. Been consistently contributing 15% each month for a year now. When calculating one's 15%, 20% etc each month towards retirement, should that include the employer match? What are your thoughts? My personal IRA contributions + my 5% of net paycheck deduction towards the 401k each month all currently total 15% without the match.
I’m so grateful that I found your YT! Today is the first day I found it and I’ve already watched 8 of your lessons. Thank you so much! 🙏🏼
I really needed to hear this today. My mother's retirement plan was Social Security and me. I don't have kids, and Social Security is questionable, so it's up to me only if I want to retire at some point. Just listening to this video gave me a new sense of hope. Thank you.
I'm going all in on XRP!
Thats me! 45 and live like 18.
Hands down one of the best videos on obtaining financial stability I’ve seen! Thank you for this- I’ll be sharing this for sure:-)
im 82 yrs okd and i say screw saving hell yeahh
Considering that I'm 41 and facing a job loss, I'm reviewing my financial plan. What investments should I make with $425,000 saved for retirement, $10,000 in an HSA, and a property that could generate me an extra $250,000?
It’s reasonable to consider getting a financial advisor now, but delaying retirement might be a wiser choice
Is it time for a career shift or should I consolidate my investments into a single account? If I go for the latter, how do I do it right, and what could be the drawbacks? Plus, with a $200K property sale on the horizon, should I combine my investments or diversify them across different markets?
These are crucial questions for a financial planner. I met mine at a NYSE summit, and with her help, my wife and I reallocated our $1.7M portfolio between a traditional IRA and a brokerage account. She’s been making investments with our approval and has helped us recover twice our losses. We’re holding steady and carefully navigating more markets
That is really great, my portfolio is not doing well. Who is your professional?
*June Renae Matthysse* Her performance is consistently impressive, and she’s a real name to know in the industry. Check her out
Reminds of a metaphor: The best time to plant a tree is twenty years ago. The second best time is now.
What about some body who's 50 plus.
The snowball effect payment process s always the easiest cause you can see actual results much sooner.. not the most financially sound method but if you don’t see results then you result back to the norm.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 45
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Vivian Jean Wilhelm turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
S&p is a bubble. Is there any other investing option?
No worries, guys. My sister started to put her money into 401k from 42. Now, she is 62 and the money has been growing well with us stocks.
Im 67 with no savings for retirement what shoud i do?
Its never to late to learn new skills. I saw a older man doing animal balloons at a park . He made a easy 300$ that day. Im sure youtube has how to videos. Just an idea...
Work.
Keep working and start saving up
Move overseas where your money can stretch !
There are so many videos talking about the same thing... power of compounding, saving for retirement etc... find 10-20% and save etc.. where? Where to find it. People are doing 80 hours per week and are living pay check to pay check, especially people with kids. They just want to survive. Now when I hear find 20% of your salary... find where?. Your title should specify if you have x income, or if you travel or drink alot because at least yoi can sacrifice somewhere. For most people there is no room in their budget and this is just the reality and these types of videos are just a reminder of how fk up we will all be soon. My advice is if you live within your mean, feed your family, have a job, and are strong enough to go back to your work tomorrow, then you are doing better than the majority of Americans. Raise your kids right, teach them empathy they will see what you sacrificed to raise them and perhaps if you are not a millionaire in your retirement like everyone in youtube they will help if they can but I can garantee you that you wont be alone. You just need to do your best and know some people will work past their retirement. Whatever dollar you can put on the side, put it. Does not have to be × percents
Realest comment on this comment thread
Cut your expenses to start, then increase your income
@ItsMe-ko6sz sounds good but isn't practical for most
Im 32 years old,and I have 100k on my savings account. In what I should invest ,and how much?.
Im 61 nothing 😢
Its never to late to learn new skills. I saw a older man doing animal balloons at a park . He made a easy 300$ that day. Im sure youtube has how to videos. Just an idea...
Going to personally invest 100% FBTC in my Roth IRA to make up my lack of contributions during my 13 years of working 🙏 after a few years i will add the standard S & P 500 into my portfolio
How did you know it was me
Thanks for this. Currently in my golden year. Mortgage paid off but not much cash in the bank as my spouse and I worked on paying off our debts so no car payments except for groceries now and utilities. The problem is we don't have much cash except for personal retirement savings fund which is just about 60k combined
This video gives us more hope. 15 yrs more to double our savings from today to retire comfortably.
Time to buy some bitcoin dude that’s the only hope of this is your case
I'm favoured financially with Bitcoin ETFs, from $37K to $65K that's the minimum range of profit return weekly regardless of how bad it gets on the economy
How were you profitable? I know nothing about investment and I'm keen on getting started. What are your strategies
Charlotte Bates is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns
WOW!!! You know her too? I'm also a proud beneficiary of her platform. I'm a long term investor, celebrating my crypto portfolio of £345,000. Started 2023 before my retirement with £21,300.
I paid off my $529k 2.125% 10 years debt in 5 months. Started in October 2022 last payment was March 2023. Now totally debt free with 3 paid off rentals. Thank you Charlotte Bates
Please shed more light on Charlotte Bates, and how safe are the profits! Thanks.