Planning for Retirement Later In Life (40's, 50's 60's)
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- เผยแพร่เมื่อ 14 ส.ค. 2019
- Retirement planning later in life is important for every investor whether they started early or are just starting now. Planning for retirement income is necessary for most people. Often not made a priority like it should be, people are often surprised later in life. Upon reaching middle age, it's time to get serious about your retirement goals, income, expenses and portfolio allocation so you'll be earning the passive income desired when reaching your golden years.
Each of these videos is completely original--written, narrated and animated by myself.
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Blue Yeti Microphone
Apple iMac
GarageBand
VideoScribe
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I stopped keeping up with the Joneses. I paid off my credit card and my car during the pandemic. It’s liberating to just take care of your basic needs and stack cash. I stopped over spending, eating out and getting coffee at coffee shops.
There's some excitement to saving that many people don't seem to understand! (Not extremely exciting but still)
I retired at 56 years old and single. I've lost 35 pounds and feel good.
Great to hear 👍 Thanks for watching!
But your be dead soon?
Great video. Glad we found your channel. We just retired last year at age 55. We were able to do most of right things, but missed some opportunities earlier in life. Great that you are sharing some great retirement planning advice. Thanks and have a great 2021. John and Bev
I think we all have things we would've done differently but that's great you were able to retire early!
Ooooooh this is a great video! So many videos out there catering to people in their teens and twenties. Glad you discussed this topic!🔥🔥🔥
The ones for older people are popular probably because there's not much competition like you said 👍
This is helpful. It's important to plan for this thoroughly as early as possible. Thanks for a great, informative video!
Yes of course 😀
Good to see that you've got something for everybody! Nice video.
Can't forget the older planners!
I'm 15, and already planning for retirememt.
Wow, what are you investing in?
Chris Invests - Personal Finance Videos I started e-commerce, I'm also selling virtual in-game currency and items, for various games. I made $150 a day, selling just fortnite accounts. I make $200 a day from e-commerce. And, I make about 50-100$ a day from roblox selling, however I haven't made much off of that lately.
You're full of shit. Quit looking for attention.
Why didn’t you start in kindergarten? ;-)
@@titaniumwilliams1323 Wtf, you make 400 a day?
I sold some stuff on goodgame empire, but never made more than 100 per month , and after 2 months they stopped it.
Cool vid, I think this channel is gonna blow up!
Thank you...that would be great!
Great advice! That Vanguard median balance for the age groups is a scary thought. Plan early, save early 💯
Yes, terrible
Another great video! Keep it up!
Thank you 👍
Your truly amazing 👍🏼🙌🏼🙏🏽👏🏆❤️Great information and future motivation 💵
Healthcare costs definitely worry me the most, and I think many people don't think about it enough because they're "healthy now" (as far as they know). Great video!
True, many people overlook that one
@@Andrew-gx1eq Idk how americans can survive like this. What do you do When you have an Operation are a few weeks at the hospital and get a six figure bill?
Do ou just sent them all your income for the rest of your life, and live on the streets or what?
Very sound advice Chris! 👍
Thank you Tom 😀
Super important for young people!
Many people in their 40s are just starting to consider investing now...
Or even later 👎
Wow. You must be a rocket scientist.
Eric R chemical engineer actually ;)
@@NickPeitsch I doubt it. Smart people don't state the obvious. Only mentally challenged people do. Do you yell firetruck a lot? Or airpane?
@@NickPeitsch Want me to send you some coloring books?
Great info! I did this process in my mid 40's and we spent the next 15 years creating alternative income streams to supplement our core portfolio withdrawals which we'll defer since we have these income streams. Thanks for addressing real concerns for those of us beyond midlife!
Thanks for sharing! I think even small income streams are extremely helpful in allowing your money to continue growing.
Very practical advice !
Thank you 😀👍
Very helpful video🙏🏿
Thanks for watching 🙂
As you approach retirement, keeping books in something like Quicken or Mint is a good idea. Not that you want to create financial statements of the level of a Fortune 500 company, but simply knowing where your money goes. Then you can take that basic information of expenses while still working, and tweak it to estimate expenses during retirement.
Start as soon as possible!
Yup 👍
Great advice Chris! The sooner a person starts investing wisely the better! 😄👍
Yes, too bad most people don't 🤷♂️
Right now my plan is saving most of my money for retirement! Also want to establish a few accounts for future costs such as an education fund for children!
Wow, you must have low expenses 😀
Helpful vd.....👌
Thank you 👍
Its such good advice, and yet so many people don't put any effort into it. Even very smart, wealthy people. Nice video, thanks :)
Agreed! Thank you 👍
You forgot to discuss about who will you entrust your password for bank accounts? Maybe your online investments, password for emails when you pass away?
Good point. Thanks for watching.
I love your videos. Every family member thinks I'm crazy thinking about retirement 40 years before I retire. But once you get down to the real numbers it's scary to see how much IT REALLY cost. Having $300,000 seems like pennies to the future retirement bills. Especially if you wanna retire in a Mansion. That's like $30,000 a month.
Lol I just did a video that's relates to this and the other benefits of financial freedom. They're crazy for not thinking about it 😂 Thanks for watching.
Wow, thats like 7 mil invested. Sounds way to wasteful .
Those average retirement balances for older Americans are scary, especially when you consider that means half of those people have even less.
I know, they really are 👎
At age 36 I plan to retire by 50 for sure, if I do that my dividend portfolio should yield ~$2000/mo assuming conservative growth with no investments other than dripping the divy until 50. At 62 it should be ~$3300/mo which is close to what I make now. With SS I should be making much more income not working instead of when I am working now. Now I just need to survive to 50 or 60 or more. Love these videos though.
Wishing you the best of luck 🤞 Thanks for sharing.
Maybe auto insurance will be lower when I retire because of self driving cars :)
Hopefully 🤞😂
The earlier the better!
Absolutely 👍
Starting as soon a possible is the key!
Sure is 👍
Wow. Get this man a cookie. He's obviously slow.
Start saving as early and often as possible with whatever you have. No need to be a millionaire already.
Too many people make the mistake of not investing because they don't have a lot of extra money 👎
Everyday thousands of people the same mistake while opening a position followed by the identical instinct or misbelief, they place stop loss too close or too far from the entry, skills important signs of reversal and go against the major trend. Most people say 'Oh no, I can't start trading because I dont have enough capital but that is just a myth that prevents thousands from driving into trading. Trading is about big profits, big not necessarily about big deposits, you can begin your trading journey with less and turn it to thousands and even millions but with the right strategies that's why as a beginner you ought to understand the market trends and different algorithm. I blew my account multiple times trying to trade alone, the losses I incurred made me believe trading was actually a dead end not until I made 7 times on my trading capital in 3 weeks and with the market making large moves and the support and mentoring I got from Mr. Michael, a renowned financial analyst and trader. He made me learn to read and understand the language of price action rather than relying on lagging indicators with vivid explanations on a learner-friendly platform. So my advice, fine a mentor and also, try incorporating the use of oscillator, Bollinger and pivot points into your strategy, also move to higher TFs (4h or 1D preferably) Thank me later. I highly recommend him, the brain behind my success. Pursuing trades with him has put me on the path of greatness. Feel free to contact him if you've got a hard time getting hang of it on MICHAELFRANSWAY@gmail, I'm pretty certain he'll get in touch. I hope someone use this info too mitigate risk.
I started planning for retirement 2 years ago at age 42. Never knew how long it took to move capital around. Way more planning than I thought. Who needs Suze Orman.
That's great! What do you mean when you say move capital around?
@@ChrisInvests I had two rentals that I wanted to dispose of. Hence, needed to split those into two years for capital gains purposes. Moving capital around into different investments. Two year journey at this point.
Chris, are you part of the FIRE Community?
No I like to stay busy but I'll have options
Great video! Boycott Hollywood & pro sports & focus on videos like this for your own benefits
😂 It'll definitely pay off
It’s stressful to think about the actual needed to retire. Betting on compounding interest 😂
Maybe just dividends and cash flow 🤔
Chris Invests - Personal Finance Videos True
Ppl shld start plannin for retirement in their 20s
Definitely
Hi!
👋
Im 48 years young I have 750k ,1500 in passive income currently I have a disability retirement $3744 per month tax free I have zero debt or mortgage..am I in good shape??
Depends on your expenses I suppose
Where is the plan?
It's planning
Everyday thousands of people the same mistake while opening a position followed by the identical instinct or misbelief, they place stop loss too close or too far from the entry, skills important signs of reversal and go against the major trend. Most people say 'Oh no, I can't start trading because I dont have enough capital but that is just a myth that prevents thousands from driving into trading. Trading is about big profits, big not necessarily about big deposits, you can begin your trading journey with less and turn it to thousands and even millions but with the right strategies that's why as a beginner you ought to understand the market trends and different algorithm. I blew my account multiple times trying to trade alone, the losses I incurred made me believe trading was actually a dead end not until I made 7 times on my trading capital in 3 weeks and with the market making large moves and the support and mentoring I got from Mr. Michael, a renowned financial analyst and trader. He made me learn to read and understand the language of price action rather than relying on lagging indicators with vivid explanations on a learner-friendly platform. So my advice, fine a mentor and also, try incorporating the use of oscillator, Bollinger and pivot points into your strategy, also move to higher TFs (4h or 1D preferably) Thank me later. I highly recommend him, the brain behind my success. Pursuing trades with him has put me on the path of greatness. Feel free to contact him if you've got a hard time getting hang of it on MICHAELFRANSWAY@gmail, I'm pretty certain he'll get in touch. I hope someone use this info too mitigate risk.
👍💐
how much by 40 should an individual have invested.
They say by age 40 you should have twice your annual income invested but it's different for everyone so there's really no solid answer.
The more the better!
Start planning early :)
Hind sight is 20/20. Now shut the fuck up brown guy.
Do you know telugu
No 😕
But you are a viewer of telugu infinity channel...you said you started this channel by inspiration of telugu infinitu
Yes, it's the same animation software 😀
Then you say you dont know telugu from which country are you
United States
Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 40 and my wife 34 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income..