10 Alarming Retirement Stats… Are You Ready?

Подписаться 250 тыс.

Просмотров 73 тыс.

50% 1

💵 Create a free budget. Sign up for EveryDollar today! ter.li/slqpc3
About this episode:
Today, I look at some alarming data around retirement in America and what you can do to beat the stats.
Next Steps:
📗 Order George Kamel’s new book, Breaking Free From Broke. ter.li/n1pwaz
🎥 Watch “How Much You Should Have in Your 401(k)-By Age”: • How Much You Should Ha...
🎥 Watch “Investing for Beginners”: • Investing for Beginners
➕ Try our free Retirement Calculator: ter.li/m5zawf
🔧 Free Retirement Tool: www.ramseysolutions.com/retir...
🧑‍🏫 Find a SmartVestor Pro: ter.li/kbn7y0
Offers From Today's Sponsors: 
This episode is sponsored by Tello, a mobile service plan designed to save you money. Go to www.tello.com/George for $5 off your first month of Tello’s unlimited data plan. 
Listen to more from Ramsey Network
🎙️ The Ramsey Show ⮕ ter.li/nrgexc
💡 The Rachel Cruze Show ⮕ ter.li/gyh9k6
🍸 Smart Money Happy Hour ⮕ ter.li/ruezqk
💸 The Ramsey Show Highlights ⮕ ter.li/yc3i4v
🧠 The Dr. John Delony Show ⮕ ter.li/sii4ha
💼 The Ken Coleman Show - Highlights ⮕ ter.li/nbekmn
📈EntreLeadership ⮕ ter.li/81tcjn
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...

Опубликовано:

11 июн 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 477

@RuthEvelyn-rc3bg 20 часов назад

Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.

@Sampson-jh7yq 20 часов назад

At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

@DennisJack-km8ho 20 часов назад

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@albacus2400BC 20 часов назад

That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?

@DennisJack-km8ho 20 часов назад

Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

@FrankPatrick-no8zo 20 часов назад

Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled

@benitabussell5053 5 дней назад

My $2m retirement account has gone up only by 2% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 22 years of working hard.

@RickWatson-xu6gw 5 дней назад

Do you plan on retiring before 59? That is what determines it for me. I switched to cash flowing assets because I wanted to retire early

@judynewsom1902 5 дней назад

At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

@Theresaa12 5 дней назад

@Armstrong741 5 дней назад

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

@Theresaa12 5 дней назад

*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.

@PaulKatrina. 13 дней назад

Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.

@Hectorkante 13 дней назад

This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?

@PaulKatrina. 13 дней назад

Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.

@ScottKindle-bk3hx 13 дней назад

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?

@PaulKatrina. 13 дней назад

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@jones9- 13 дней назад

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

@Benjaminarmstrong684 16 дней назад

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

@TylerofSc004 19 дней назад

The monthly average for a social security check is $1827. The alarming statistic is that 22% of Americans have only $5,000 saved for retirement. Invest right now! No one is going to come to your rescue.

@greekmom 19 дней назад

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?

@greekmom 19 дней назад

Thank you for sharing, I must say, Kristin appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled

@pitita585 19 дней назад

Millennials will have significantly less than this average social security payment when it’s time for them to retire. Sadly no amount of telling people to prepare for the life they’ll have decades from now will do much to sway them. Only hindsight has perfect vision for those consequences.

@RS-xq4hf 17 дней назад

I’m in baby step 2 and only contributing my match (I know that’s a no no) and I have $60k so idk what these people are doing.

@jonkrispeterson6678 12 дней назад

@AntagonisticAsianI think you should have someone help you. I just checked my 401k. Since Oct 1, 23, up 19.55%. Last 3 years, from 6/1/21, up 6.53%, and 5 years, from 6/1/2019, up 12.38% annually.

@Takar100 19 дней назад

0:31 "Hate to break it to you, but 0 bucks not going to get you far in retirement." Most of Americans - ::surprised pikachu face::

@Thehappybirder 19 дней назад

You don’t have to wait until you retired to start Birdwatching. I got quite a few years left until retirement and I’ve already been Birdwatching for 10 years. What a great way to relax.

@jacobawojtowicz 17 дней назад

Username checks out

@Rachel-ul8et 9 дней назад

@@jacobawojtowicz😂

@PanagosHaire 17 дней назад

Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of m $270,500 every months,God bless Christy Fiore 🇺🇸🇺🇸🇺🇸..

@Omen-id6xg 17 дней назад

Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God

@EzechuHeadd 17 дней назад

Hi that's good you have idea &share to those who deserve it that's great god bless🙏🙏

@Steph-uz8jd 17 дней назад

She's a licensed broker here in the states🇺🇸 and finance advisor.

@Steph-uz8jd 17 дней назад

After I raised up to 525k 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.

@Gloryjerem 17 дней назад

Can I also do it??? My life is facing lots of challenges lately

@scrappyny7432 19 дней назад

I like the saying "if you aim at nothing you will hit nothing 100 percent of the time"

@davidloy4794 19 дней назад

Come on George you know you can't spend "around" 200k a year with a 2 million portfolio. Papa Dave has got that leash too tight after the 4% incident.

@AP-zr3bz 19 дней назад

Poor guy probably just doesn't want Dave to tell him to fetch a switch again. Cry for help really.

@TheyRiseBand 19 дней назад

Remember, in RamseyLand, the stock market returns 12% a year. LOL

@JeanValjean875 19 дней назад

@@TheyRiseBandYou do realize the market was up *over 20%* last year?

@TheNotimprezed 19 дней назад

Who is better off, the person taking a 4% distribution during a correction or the person taking 8% with enough cash on hand to not take a distribution at that time. Who is better off, the person taking 4% every year no matter what or the person that varies the % based on market conditions and expenses for the year? The fact of the matter is you are gonna want to spend more when you first retire than when you are a bed ridden 100 year old. Who cares if you die and never touched the principal? Unless your goal is to leave a large inheritance (and your kids will have 0 issue spending your nest egg in a day), spend it on yourself, living and enjoying your hard earned retirement - especially if you retire with several million $.

@TheyRiseBand 19 дней назад

@@JeanValjean875 The market averages 5-6% a year. That's why the 4% rule exists.

@Samuelchingron564 18 дней назад

Thank you Lord Jesus for the gift of life and blessings to me and My family $14,120.47 weekly profit our lord Jesus have lifted up my Life!!!

@OkoriThomas 18 дней назад

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

@DerrickJames-bg3dn 18 дней назад

Investing in crypto/forex is a good idea, a good trading system would put you through many days of success.

@Berniedoran221 18 дней назад

Investing $15,000 and received $174,000

@SmithBright91 18 дней назад

Please who is Mrs Maria

@SmithBright91 18 дней назад

Please who is this This sounds so good andI would like to be a party to this, is there any wayl can speak with her?

@soothingrelaxationandmedit68 19 дней назад

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.

@soothingrelaxationandmedit68 19 дней назад

It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.

@benjamineprg4249 19 дней назад

yeah that's a good path, focus on a good strategy, relax back and watch it compound within the years. In good time you'll see returns.

@benjamineprg4249 19 дней назад

No doubt being financially free and not having to worry much about health care and other expenses especially after retirement cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.

@wehrine 19 дней назад

the strategies for diversification into other commodities are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge

@wehrine 19 дней назад

You need to get a financial planner to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.

@funtechu 19 дней назад

Ten percent retirement withdrawal rate?! TEN PERCENT?!! You know enough by this point that you should know better. If Ramsey Solutions thinks that a 10% withdrawal rate is safe, then their retirement advice is less than worthless - it's actively HARMING the people you are trying to help.

@TheBobbyBrown22 19 дней назад

The math has been done that in no point in history would a 10% withdrawal rate sustain a full retirement. The Ramsey team needs to swallow their pride and be willing to admit when they’re wrong.

@elvis1273 19 дней назад

I hope that people check several places an get good advice... Because a 10%... 😅 I'm planning on have a long long live once I'm retired

@funtechu 19 дней назад

To put this in terms you can understand, a 10% withdrawal strategy on a 100% stock portfolio (recommended by Dave) has an 11.48% success rate. You know how Dave says you shouldn't do something that requires you to be in the 10% to succeed? Well, this is exactly that, but even worse because it's truly outside of your control.

@funtechu 19 дней назад

@@TheBobbyBrown22It's not at no point in history, but it is 11% of historical which is certainly not the kind of odds I'd plan *my* retirement on.

@MrBrewman95 19 дней назад

Unless you have 5 million or more, yeah 10% is crazy high. Should be 3-4%.

@user-xi9fi2if5t 19 дней назад

George it wasnt that long ago when you were accurately suggesting 4% withdrawal, and we all saw Dave's response, and even though Dave is wrong, you are now carrying his message of 10%. I know you have a pretty sweet gig working for Ramsey, but say things you dont believe.

@pdxshredder6883 18 дней назад

He probably doesn’t get to write the scripts for the videos anymore anymore after that incident

@svanhoosen 18 дней назад

In your 10% average return scenario, living on $200k/year on a $2 million nest egg isn't accounting for inflation. Big mistake there.

@biscuits334 День назад

You're actually supposed to rely on the 4% methodology. Where you withdraw 4% of your retirement each year, so that the rest can stay in the market and continue to grow. So, 4% would technically be 80k and even with inflation, living off only 4% a year, should keep you safe for years!

@Incorriglbepanda 19 дней назад

For the love of god, do not withdraw 10% yearly from your retirement. I’m actively working with my parents to unravel the mess caused by this advice and the smartvestor that said it would be a good idea.

@emoney1231 19 дней назад

My favorite statistic is the average person has one ovary and one testicle. Average doesn't always paint the whole picture.

@thewaffleironn 19 дней назад

Average person has -slightly less- than one ovary and one testicle 😂

@firefalcoln 18 дней назад

The average person has slightly more than 1 ovary and slightly less than one testicle because there are more females than males. 😆

@adeckerbuck 19 дней назад

“One rib” was a missed opportunity for the Chris Rock “I sure am hungry” clip.

@SoUnDMaN831 19 дней назад

I know! I had the scene from “I’m gonna get you sucka” playing in my head.

@conniecash798 19 дней назад

I was thinking the same thing 😂

@pnwflipper2089 19 дней назад

😬 Or something from Armie Hammer 😬

@mattschmitt9924 18 дней назад

I was waiting for the clip.

@charletfoster8917 19 дней назад

Pls say”invest” for retirement, ppl get confused, when you say “save”, we think a 🏦

@mathematician1234 19 дней назад

Stock ownership stats: Only 3-5% of the U.S. population held stocks in the late-1920s. It was 4-5% in the mid-1950s. This rose to 18% of U.S. households holding stock in 1962, 31.8%, in 1989, and 51.9% in 2001. Just before the GFC it hit highs of about 62-63%, and then dropped to 56% of adults during 2021. Ownership numbers vary predictably with education, ethnicity, and income.

@kyungshim6483 19 дней назад

I know people who have zero savings. I worry for them.

@jimerin3533 10 часов назад

Social security was supposed to be a supplement not a full retirement. Its annoying that people think its their retirement and anyone suggesting it should be.

@JoshuaMccaffrey-q4 17 дней назад

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

@Peterl4290 17 дней назад

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

@larrypaul-cw9nk 17 дней назад

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

@sabastinenoah 17 дней назад

this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

@larrypaul-cw9nk 17 дней назад

Her name is “VIVIAN CAROL GIOIA” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@sabastinenoah 17 дней назад

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!

@pjabrony8280 19 дней назад

I don't want to have the same amount of principal in the account when I retire as when I die. I worked hard for that principal and I'll be damned if I don't spend it.

@spazzman90 19 дней назад

Damn straight!

@user-pq2cp7eu9g 17 дней назад

What if you spend it all & now you're 90 years old & still living ?

@spazzman90 17 дней назад

@@user-pq2cp7eu9g If you have the ability to gather a $2M nest egg by 65, you can figure out how to spend some of it without spending all of it before you die.

@bythebook1548 19 дней назад

Back in the day I was all excited to get my government pension. Then I found out out dies with me, so no legacy in itself.

@rachelharrison7961 19 дней назад

Only 60% of workers in the U.S. even have access to a 401k, so if 60% are investing, that’s a good number.

@wehrine 17 дней назад

Absolutely love it!!! I'll have to be financially stable in every sense before purchasing my first supercar. The best thing to do with your money is to invest rightly because money left saving will end up with no returns

@AliciaCrone 17 дней назад

No doubt being financially free and able to afford these luxuries cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.

@georgeearling905 17 дней назад

You don't need that much, as long as you have 250k to 350k in cash, and earn at least 40k plus is fine. It not like you are going to pay the car off, get the car, drive it for a year or two then get something else. You don't need millions of manov to oniov nico thinnc.

@ericbergman7546 17 дней назад

Most people miss it but the secret to retiring comfortably is finding a way to make returns while your money works for you. My Dad, as i remember started saving for retirement quite late but I know he was making more than 10k returns from his investments monthly and it was completely passive.

@cherylhills3227 17 дней назад

Our family got introduced to a financial consultant about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips.

@christopherherbert2407 17 дней назад

Please could you guide me on how to get in touch with your consultant? My funds are being eroded by inflation and seek a more lucrative investment strategy to effectively utilize before I consider retirement.

@smithraymond09029 19 дней назад

The stat about 33% of Americans not having any savings is the most shocking to me. That's just ridiculous.

@nate4fish 11 дней назад

Half of Americans don’t earn enough to pay federal income tax. It’s not surprising

@rodrickgriffin7599 16 дней назад

People it's called a FIDUCIARY!

@davidibarra892 19 дней назад

Making my morning 💯

@user-lp5qv7qo8k 19 дней назад

Once you pay off your debt, you can start investing

@danieljohnson4418 19 дней назад

I can't wait for your next retirement video where you present the same statistics in a different light.

@PraveenSrJ01 13 дней назад

Wonderful video thank you 🙏

@144Donn 6 дней назад

One of the most important aspects of personal finance is one's health. Almost NEVER spoken about by financial people. If you are in poor health it is going to cost a lot of money and depreciate your quality of life. If you have accumulated some wealth, Nursing Homes will be glad to take it all from you. INVEST IN YOUR HEALTH WHILE YOU STILL HAVE IT! Do not wait till you are over weight or sick to get healthy! Cultivate your health NOW , it will increase your enjoyment of life now and into the future.

@ti89titanium 19 дней назад

I guess when the return during retirement is negative in one year, you have to put the money back into your portfolio? Did I understand the 10% withdrawal rate right?

@scoutandscooter 18 дней назад

I guess it was a bad idea to finance my Ford Raptor, the lift kit, the Harley and the RV? But I'm so proud to have them in my driveway. My neighbors are always "commenting" about them.

@saeedhossain6099 18 дней назад

hehe🤣

@Jbridge621 19 дней назад

I don’t see anything wrong with a 10% withdrawal rate. I will calculate our lifespan to 97 and calculate our percentage withdrawal rate TO USE IT ALL UP! The kid is already on coast FI and inheriting our property will be plenty of legacy. We didn’t live at poverty level for 16 yrs to get FI to do our bucket list on a tight budget!!!😊

@SBqwerty 19 дней назад

He says specifically that you don't want to touch the principle. So you're comparing apples to oranges

@k.g.saturn 19 дней назад

Before he was country... Conway Twitty recorded hundreds of Rockabilly and Rock and Roll songs. (And his real name was Harold Jenkins.)

@liammateo287 18 дней назад

This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!

@Ashermicheal6341 18 дней назад

Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Celia dullpher

@Lucas75332 18 дней назад

I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.

@liammateo287 18 дней назад

Please educate me, i'm willing to make consultations to improve my situation,

@Ashermicheal6341 18 дней назад

She's recognized as 'Mrs Celia . One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@alexandraesther984 18 дней назад

I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent, and have strong hands to back it up.

@rodrickgriffin7599 16 дней назад

I retired at 35. I'm 40 now and bring in 90k after taxes. I am just waiting for my youngest to get old enough to go back to work.

@DustinRGreen-ww4og 15 дней назад

How much of a nest egg did you have at age 35 to do that? How much did you make and invest to get to that point?

@PraveenSrJ01 13 дней назад

How did you get so much when you are 40? I’m currently 40 and working at Wegmans

@bigcahuna42366 19 дней назад

My retirement savings are higher than the average for my age group. Might sound like I'm on track, but average doesn't always mean good.

@ceapy 19 дней назад

Well good thing yours is higher than the average.

@frawdulent 17 дней назад

“1 in 3 millionaires never made 6 figures…” This should give people hope! Wait - just kidding! It just shows that you need to make a million per year to retire. How encouraging…

@maryannl5846 18 дней назад

As a kid I thought retirement would be 1 long vacation. As an adult 1/2 way there it sometimes seems like a confusing juggling act. Much appreciation to George & the crew for laying out some guidelines while keeping it fun. Creepy music & Star Trek Disco clip made it even better 😊

@scoobie8amg 19 дней назад

Im paranoid about retirement. Im 36 and my husband is 34 and our net worth is around $500K. That doesnt account for any house equity we have or his pension. Paranoia is a blessing and a curse.

@mhodge0890 19 дней назад

Take a chill pill and relax

@Jane5720 3 дня назад

If you divorce, you’ll have half that

@scoobie8amg 3 дня назад

@@Jane5720 Nope we have a prenup

@dmzwrites1853 15 дней назад

If you have a company match in your 401k, I would make getting that match a priority.

@PraveenSrJ01 13 дней назад

I get a whopping 6% match from Wegmans

@mskuriscak 19 дней назад

"I'm a financial expert! Also.... you can live off 10% of your investments each year!" interesting

@adamcape8451 19 дней назад

Evidently you didn't watch the episode lol

@DustinRGreen-ww4og 15 дней назад

Haha right I really relate to this comment. 10% is a really good year with the stock market…the Ramsey team acts like it is so normal. There will be lots of years where it’s negative. Look I invest and have most of my nest egg there but I know eventually things are going to crash…one day the US debt will catch up to us, and look at the people that run our country…plus one day we will be in WW3 🤦🏼‍♂️

@olw4196 День назад

It was difficult for me to first save, and then invest properly. But if you do it right it works. Let time do the work.

@scottyshields9876 19 дней назад

My company had a Roth 401k.

@TripSoul10 19 дней назад

1:15 Cue the music 🎉🎉 also the fact about a daughter having more in the savings than those with 0 in savings 😂😂😂

@hudsonmilbank 2 дня назад

Even people making a lot of money live "paycheck to paycheck". Otherwise, they wouldn't be working. They would be retired.

@MrBrucifer2 19 дней назад

I don’t know. I’ve seen way too many people need to go into care homes and they take all of your money anyway. Feels like it’s better just to spend it now.

@dking1362 15 дней назад

There is some truth to this - just lived through it with my mother. She was in 3 different assisted living/memory care homes over 6 years. First important fact: NONE of them would accept any patient that didn't enter as "private pay" - having some money of their own, even if eventually they would run out of money and the gov't would step in. The very few facilities that accept those unable to pay anything are often poorly staffed, depressing, ugly - a place most of us wouldn't want to live. Stats show that although 70% of people over 65 will eventually need long-term care, only 15% of Americans will be in long-term care more than 2 years--so most will have to finance the majority of their life themselves. So it continues to be a gamble: How long will I live? How good will my health be? How much retirement $ can I spend and still have enough to make it to "the end"? My goal is to do the best I can to strike a healthy balance; hope for the best, prepare for the worst, enjoy some splurges now but in a modest way.

@robertreynard2916 19 дней назад

I don’t see the links that you’re talking about… how do I find them?

@NethiramVideo 19 дней назад

Flokong is the new and fresh Floki! Awesome

@kirkfriend5410 19 дней назад

How are people in the US paying on average $144 for a phone bill. You can get them here in the UK for like £5.

@funtechu 19 дней назад

It's people that buy traditional phone plans instead of going with one of the MVNOs, plus paying for multiple phones for a family. A good MVNO is around $15-20 per line, while one of the big carriers is closer to $80 per line.

@mattschmitt9924 18 дней назад

I pay $165 For 5 phones and a smart watch all unlimited everything. My guess is that $144 may include payment plan for the phone itself.

@wildtill9 19 дней назад

Does Cracker Barrell have that Conway Twitty on 8 track? Asking for a friend

@411sponge72 19 дней назад

LOL

@RajibPahariya 19 дней назад

Flokong is going to be huge in the next few months I believe that

@hurle21 19 дней назад

George, did u purchase the new kirkland signature sneakers? 👟

@Up_gamer_55 19 дней назад

I see Flokong with 50x, maybe even 100x. Binance also gonna have that

@Tevez875 19 дней назад

This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $146,000 outside funds in my IRA to invest. Pls how do I take advantage of this?

@biankabrodeur01 18 дней назад

Now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.

@JennaHerberholz 18 дней назад

I think that is a brilliant idea, I tried managing my stock portfolio by myself and I lost 50% of my savings in a very short period. That prompted me to hire a financial advisor. Since then I have made up to $680K in returns.

@SaintYvess 18 дней назад

Well, Market experts sure provides an edge in investing, Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

@mikeocksthrobbin9404 17 дней назад

I’m still didn’t find out why 3 coffee cans of change was alarming.

@billeo77 17 дней назад

The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….?

@gan3lv 17 дней назад

VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...

@ChidoMaxwell 17 дней назад

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast. I will also suggest investors to get yourselves a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

@gan3lv 17 дней назад

Following you has been an amazing journey , you have shown me the best way to earn much better profits despite the bad economic situations, God bless you with more knowledge Alice devion...

@leo23489 17 дней назад

Great to see you guys talking of Alice, Trading on your own can be very dangerous i can testify to that. This woman changed the game for me

@billeo77 17 дней назад

Any info on how i can liaise with her, i'm new at this

@fsmoura 16 дней назад

Oh gawd, haven't even watched yet and i'm alarmed already! ( oДo)

@kimberlylepine5115 19 дней назад

The Haunted Mansion music makes this video.

@DanielGarcia-zz9eg 19 дней назад

George. My father in law pass away at 66. What if we don't reach the retirement age and enjoy it. All that hard work to pay off debts, investment and BAMN, you die before 65 or 1 yr into retirement. You don't take care of your health, you won't enjoy retirement because you been working 5 jobs to reach your retirement. Now your family members take all your money or you leave them a bill to dig you 6ft under Tell that story G WHY WAIT to enjoy life when your old when you can enjoy life now why you young. It's no fun being old

@mattschmitt9924 18 дней назад

I was talking a neighbor recently who told me about his travels and experiences in life. He had a good run. Did everything he wanted to as a lad. He's broke now. Might lose his paid off home to taxes. Can't even afford to have meat on a daily basis. Struggles to pay for his wifes oxygen. Not my idea of a good way to end it.

@user-pq2cp7eu9g 17 дней назад

You know what's not fun? Being old & broke with multiple ailments.

@DanielGarcia-zz9eg 17 дней назад

@user-pq2cp7eu9g lifes a risk. Maybe you be Successful. Maybe you'll work really hard then die shortly after 65. Enjoy life now or work hard and die. I heard this lady retired from KFC after 40yrs. That's sad 😔. All those yrs making low pay. Not much of a retirement there. That's why so many ppl are looking for the quick rich over night. We all can't get lucky like George.

@dking1362 15 дней назад

@@DanielGarcia-zz9eg In your case, it sounds like a CHOICE to spend now, not a matter of luck. I believe balance is important. Yes, we should enjoy life now - but there are many things to enjoy that are free or relatively inexpensive. AND yes, we should be disciplined enough to live below our means, because what would be more terrifying that being elderly, perhaps ill or disabled, unable to work, and BROKE?!

@Jane5720 3 дня назад

That’s the age old dilemma. Don’t think everybody hasn’t thought of that because they have, it’s a balance. 😮

@MrPabloolvera 18 дней назад

So Tello, does it work in the island of Guam? T-Mobile works out here and Japan. I’m stationed and will switch if it works.

@emoney1231 19 дней назад

Dislike. Shilling Dave's 10% "average" withdrawal rate, rather than a realistic safe withdrawal rate is intentionally misleading. USE THE 4% RULE!

@KennedyIvy 19 дней назад

I'm pretty sure he has to shill. Dave pays him

@hardchooligan 19 дней назад

If you don't like daves stuff, don't follow his channels. Also there is an actual dislike button you could push, but im sure doing that and moving on won't get you the same attention as screaming DISLIKE, like a child

@zedalvea841 19 дней назад

He got into trouble when he said 4% before. The same goes for index funds vs mutual funds I think he is forced to promote mutual funds over index funds.

@AnimatedIdiotGuide 19 дней назад

@@zedalvea841because expense fees for mutual funds are way higher than index funds. And Dave & Co know this

@yhckelly 19 дней назад

I like this channel, I like Dave's stuff. The Ramsey system can be too elementary. Yes, the withdrawal rate is insane, and the insistence that it isn't makes Dave look ridiculous.

@SBqwerty 19 дней назад

How is it that 61 percent have investments but half have $0

@guhreenskittles 19 дней назад

Statistics is dependent on the source. Zero dollars stats was from Ramsey solution and 61% is from Gallup. Each source samples a different part of the population

@SBqwerty 18 дней назад

@@guhreenskittles the statistics are supposed to reflect reality. That's the point. And it's trivially obvious that one of them is incorrect

@BenWoolman 19 дней назад

Cassettes are actually new school right now!

@richfrommitch 19 дней назад

Create a budget, invest in tax advantaged accounts, don't spend more than you earn, invest in your 401k and so on. Right let's unpause the video and play Kamel Bingo.

@brianmcg321 19 дней назад

Jesus Christ. Recommends a 10% withdrawal rate. Y’all are just begging to get sued more aren’t you.

@brihal6498 18 дней назад

Not sure I heard anything about withdrawing 10%. But I do think he said that on a $2M investment it should avg a $200k return (average, he was clear about that). However, I would agree with you. 10% withdraw in retire would be too high for my comfort level.

@fsmoura 16 дней назад

_"Retirement? Whats that"_ _"You know, when you stop working"_ _"You guys work??"_

@user-sm4oc5lu9v 19 дней назад

Binance listing Flokong is set in stone. 🔥

@AndrewCase42 19 дней назад

You are destroying your credibility with the 10% withdrawal suggestion.

@mattschmitt9924 18 дней назад

He didn't suggest 10 percent withdrawal. He said what 10 percent would get you. Its the average return of the market.

@DsiakMondala 19 дней назад

I am no money expert but money surely had to devalue like this. Plenty of bs jobs that create no value and banks still print and lend money based on that "income". I am surprised it is worth anything at all, that we can go to a store and exchange printed paper representing the value of "sustainable development of environmental innovation" for food is a miracle

@Jumpman67 19 дней назад

Banks do not print money. I don't think you understand how inflation really works.

@kathypearson5963 19 дней назад

I believe retirement is all about the lifestyle you want to live when you retire no one knows your destiny but God outside of your monthly expenses you want to have a little money to live the kind of life you want to live after retirement add that up and start saving. If you want to grow it a little bit then invest it if you can afford to lose the money otherwise put it in a high yielding saving do what you can and leave the rest to God because we don't know our future we're not even guaranteed to retire or even see the money that we've saved all those years it may go to someone else or something else so don't stress over it playing prepare and pray.

@meve531 19 дней назад

George, you make me smile. Love your videos! What kind of account would you recommend opening for my 8 year old daughter who has been saving her chores money? 😊

@markmurrell1894 19 дней назад

High yield savings account

@TheyRiseBand 19 дней назад

@@markmurrell1894 Many banks require $25k minimum to get the higher rate. That's one hell of an allowance.

@hopefilledfinancial 19 дней назад

George, don't make me call the show again.

@harknowhere 19 дней назад

What am I supposed to do if I’m 27 with $77,000 in student loan debt, a 7 month old son, unemployed, and nobody will hire me? I think I’ve sent out close to 1000 applications this week and it’s just all rejection after rejection

@TShirtAndReeboks 19 дней назад

Maybe do some contract work while waiting or start your own side gig based on whatever you went to school for?

@christinagreenwood2370 19 дней назад

Look up Ken Coleman. He’s the expert on this. Good luck!

@JeanValjean875 19 дней назад

Look into Ken Coleman. He's the Ramsey team's career guy. George gives financial advice.

@TShirtAndReeboks 19 дней назад

Also, maybe get feedback from friends and family about what you can do differently in the job search. Sometimes another perspective can help us see things in a new way.

@harknowhere 19 дней назад

@@TShirtAndReeboks my friends are telling me to join the police department and my parents are just telling me I’m cooked

@jaweav2 15 дней назад

You guys need to have a meeting to settle this withdrawal rate fiasco. This doubling down is just aggravating. Suggesting ppl withdrawal 10%/year is just irresponsible. Can’t it be variable based on prior years returns and current balance with plans for upcoming year? I’m not arguing your average returns, but no one knows what tomorrow will bring.

@shannoncraig509 17 дней назад

Not real comfortable with the stock market myself.

@PraveenSrJ01 13 дней назад

Me neither since it is so volatile

@victorblas3483 18 дней назад

2:10 not Pauly that story was so sad :(

@RS-xq4hf 17 дней назад

Only 61% are investing because the other 39% are in baby step 2, George 😅

@donaldlyons17 16 дней назад

George is one of those people who don't bother with stats based on wages and expenses... WTF he must have noticed the majority don't outpace expenses....

@rachelcrossen8136 18 дней назад

Real question: why is the goal to never touch our base amount of money?

@dking1362 15 дней назад

I'm with you - of course I don't want to run out before I die, but it does me no good to live like a miser and never touch all I've worked so hard for!

@veronicabanales5255 18 дней назад

Tbh it doesn’t look like God has plans for me to retire.

@jarodfranklin1081 18 дней назад

I’m a 32 yr old millionaire. If you’re asking me - start a business and/or invest in real estate.

@martinguldner3990 19 дней назад

Sorry but that missing Gator is smoking on a grill in Tallahassee, Florida Go Noles!!! I am about 40% the way to being a millionaire thanks to an inheritance in 2020. Is a US Post Office worker on the list of millionaires? My brother who died in 2020 had a net worth around 800k when he died.

@christinab9133 17 дней назад

❤❤❤

@laljoyreang4138 19 дней назад

I respect your work mate so you say Flokong good one to use?

@KevinOLoughlin-ys5ef 14 дней назад

My favrouite statistic is, "95% of statistics are made up on the spot."! ha ha!

@DanielGarcia-zz9eg 19 дней назад

Can you do a video on where social security money goes after you die. My father in law pass away at 66. Where does that 45yrs of social security goes? Say it gets pass on to his wife and she dies in 2yrs at 68, where does the rest of the 45yrs of social security goes???? Sounds like social security is a huge scam only a small percentage of people that get to enjoy it in retirement Government thinking you only live 10yrs and no more payments. Well unfortunately ppl are living 90 to 110. Government wasn't expecting 30 to 40yr payments

@joycewright5386 19 дней назад

Retired 8 years and I’m still scared to start using my savings. I’m still living on social security alone. How do I fix this mindset?

@DigiTiLMon 19 дней назад

I feel the same way about savings. I’d suggest you develop a plan with a professional. They can give you a plan, so that you can compare your reality against the plan and know you’re on track.

@crystalh1402 19 дней назад

Have you done a few budgeting scenarios to see if you spend more where you will be in 5 years 10 years etc? Maybe if you see the data it will help change your mindset

@Dividendsmattertoo 19 дней назад

You hav to do a buncha mind tricks

@9liveslisa 19 дней назад

Great video, George! My mantra is budget, save, and invest. Don't forget to educate people on HSA's. Having a bucket for out-of-pocket medical/dental expenses has been very helpful. I recommend that everyone open up an HSA.

@IrishMexican 18 дней назад

Why do you always preach 10% returns? It is more realistic when you factor in inflation. Telling someone they will have a million dollars in 40 years is realistically less than $300,000. And that’s if inflation returns to 3%. Also, why are you recommending a 10% withdrawal rate? That’s absurdly high.

@delayedgratification581 19 дней назад

What makes you a personal finance expert, any real licensing?

@GSR978 19 дней назад

FUN FACT: If you have $2,000,000 in retirement, receive an average 10% rate of return, withdrawal 10%/yr and factor a 3.8% rate of inflation, Your money won't last 20 years.