More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
"Gertrude Margaret Quinto" 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
Insightful... I was curious about her, so I looked her up online. I discovered her website, and I must say that she seems knowledgeable. I sent her an email outlining my goals. I appreciate you sharing.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
'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.
My father took VRS from private company at age of 53 but after that he setup 2 schools in Mumbai locality. Coming March he'll turn 73. He's still comes to school and work for 10 hrs, one should not strive for retirement but financial independence. One has to hustle throughout life.
I don’t think one “has to” hustle throughout life. One can choose to do so if one wishes, but different people have different priorities in life and they can choose how to live their life.
40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $900k, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.
I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.
Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Financial independence and retirement are diffrent. Financial independence is required to carry your journey in the likable professional field without the fear of failure.
If you can control your wants , any figure is acceptable. Don’t people live within poverty, they just don’t die. As the saying goes the money you leave behind is the extra work you need not have done
Ask the poor what happens when they fall Ill ,how private hospitals just suck their blood ,ask then why they have to think twice to buys something which is normal for middle class ,everybody lives but not everyone lives a good life
You have shed light from a very different angle on this very important topic and I must say that this perspective now resonates with me better. This way of thinking seems to be nearer to the truth that life does not follow excel sheet calculations. Thank you Sir for the wisdom.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hello Sir, To be true I am a great consumer of Financial related Videos. I have been watching Early Retirement related videos for many months. I am in my mid 20s and a employee at a private firm. This particular video where you said about Excel Sheet and Human Emotions was really touching. Thanks for the hash reality. Thanks and Regards.
Awesome Video. Truely eye opening. 🙏 In 2000 i ate icecream minimum of ₹1 now its available for ₹10. But now so called financial influencers tells us if you are earning ₹5lac/year you may retire by collecting ₹1.5Cr. 😀
Don't compare with a single item . it it should be compare average of many item . like price fuel ( disel petrol) sugar price 15 to 42 now. Price of edible oil increase only upto 5 times. Price of salt rice wheat . house rent travel fair. Mobile bill etc 10 items nhi increase hua hai. Some item increase more than 10 times. Average inflation 7 percent but it should be decrease in future as in developed country. Past m inflation jyada tha so prices increase jyada hui .in future inflation will decrease so price jyada tezi se nhi badhne. . you should be understand the difference between inflation vs aspirational inflation. Suppose you belong to poor labour class and want to switch to higher class for you inflation in much more than real inflation 7 percent . so dont blindly follow to any one. I agree with him in many videos . but disagree where he told about buying house too much early. Suppose you are in 30 and bought a house then you have to pay life long emi ( 10k rent bachane k chhakar m 60lakh ka loan) . life long job loss k fear m rahoge. Kuch new kr nhi sakoge. Apna start up etc krne k plan sab off ho jaayega.
@@seema16878 mam . what's every body thinking is not a part of discussion. We are talking about wealth creation. If you think buying a house gives you more return than that of a good quality stocks or index fund then you r probably wrong . why most of banks dont buy their own office ; they usually take others property for rent and use rest of the cost of the house for value creation. If you want to buy a house then it should be at the time of retirement. For a person of working age it is not good to take a loan of 60lakh . suppose if you have transferred to another city then it is very difficult to manage your real state.
@@seema16878 for a real state for the point of investment purpose only if you have already good exposure in stocks of sovereign gold bond or others high return assest. For a house rental yield is 3%+ 3percent price appreciation nothing much in long range. I dont know where you are getting a 60lakh flat for rent 20 to 30lakh . in my cities in 60lak you will get 1000sq foot 2bhk flat fir which you will get only 10k / month rent. Real estate is good for investment only if you have a good black money; which you cant invest in stocks. For a real estate you have to pay 10%/extra at the time of purchase in the form of stamp duty agent commison and soo on and at the time of selling you have to pay 20% long term capital gain
My FIl retired as SBI bank Manager did his job at the highest rate of honesty.. now he is 72 yrs leading a beautiful life in hometown having passion for gardening n spiritual growth. Gets his pension n guides his village people helps them with money investment etc
and what r you doing other than leeching on your husbands money??? lol what easy life u women have first leech on fathers money and after marraige leach on husbands money lmao
AAP NA mirror ho , mai paid subscriber to nahi hu per aapki video se bahut kuch sach dekhno ko milta hai , property ka plan kiya tha to dekhna start kiya tha , usse bahut kuch upar sikh liya aapse. Thank you dil se
👌👋👍🙏.Agree with you..1988.Vadapav at Mumbai was 50 paise..now average ₹15..then Tea @ grade_2 restaurants and now ₹20.….Auto fair min ₹ 2.8 and now ₹23..
After the retirement of my husband. We started a home based food business with a small amount .we got busy ..and finances are much better...one should not sit idle.
Realistically speaking in this day and age where things are changing so rapidly you just CANNOT retire irrespective of money. Anyone saying otherwise is just misguiding you. Don't fall for it.
Really a very good video on the internet, all are just busy calculating in excel sheet... This is a eye opener video.. Keep posting such kind of videos
Years ago, I thought i would take early retirement, given that mine is a pensionable job, but now no amount of calculations would let me do so. My pension and with other rental incomes would not support even my minimalistic life. Your content has motivated me to carry on.
5:03 from my birth till 28-feb-23 i heard this for first time, and i chuckled. innovative word. I'll always remember this! was traveling in train, heard this thrice, and laughed each time. 🙃
Very good. I fully agree with you. I want to add you can't buy a good house in 2.5 Cr in Gurgaon today , what is 2.5 Cr nothing. But always spend wisely keep earning any keep saving. What will the situation tomorrow you may need more for some unexpected expenditure
Sir I want to settle in Gurgaon. I started working as a fresher this month in an IT company. How much should I save to buy a house there? Also, is Gurgaon a good place to buy a house?
True.... people should be clear that it is always good to earn till the time they are able to without thinking of getting retired because you never know what is comming in futures a shock so be prepared....and it is good to engage your self as well in some work instead of thinking of taking retirement and taking rest
Eye opener video for all, in my opinion if you need a break from service take 15 to 20 days. But we should keep on work sir.. working after retirement not only it is related to money, you have to keep on busy yourself and roam around....then only the body will also be fit..add on to that we also earn something.if we keep in at home.and we will be burden for our loved ones as well...if we like it or not we have to keep update ourself....
Sirji wo 25 times wala jo concept hai wo basic lifestyle ko poora karne ke liye hai and moreover wo jo corpus hai usko bhi to aap invest karoge na…and jo log ye sochte hain ki us amount ko leke ghar pe baith jaenge to unka understanding hi galat hai..retirement corpus hone k baad invest that and u still have to work till 55-60 jitna bhi apka physical and mental health saath de raha…aspiration budhape mein agar koi poora karna chahta hai to uske liye “Kuber ka khazana” bhi kam padega
Sir you are seriously something else.Absloluetly agree to everything u said.U can never assume what your aspirations will be in future true.just keep earning .these 2 things are so true.well done sir keep educating the right way.
For expenses to increase 10 times every 20 years means inflation rate should be 12.2%. India's inflation is not so high. RBI targets to keep it near 4%.
You missed the point entirely… 4 pc is safe withdrawal after considering inflation by investing in instruments that will give easily that much return that you corpus will maintain the same purchase capability. In indian context getting a post tax return of 10 pc by investing in balanced and hybrid fund is possible… returns may go down as india becomes a developed nation… but then the inflation will also go down thereby leaving the 4 pc inflation adjusted returns on the corpus… Earn as much as one wants is a separate topic, nothing to do with 4 pc withdrawal there
my grandma bought a 12000 sqft plot at 1980 for Rs.5000 at chennai ecr road now it is worth 30 crore, despite my grandma was having a basic job at post office..
@@gpcomedyshows4645 it's means your grandma make good decision [at time when mostly man make money decision]. After then your father make good decision by not selling that land (for so called his 'personal use' which mostly today generation do) but perfectly maintain her mother property .
It is vry true as to what I r relating to. No one can time d reality as also no one can time d prevailing situation wat life hs to offer. But d true fact is tat no one ever wld like to idle themselves n see hw and in wat way time n money will react wit each one. Even if one wants to achieve sumthing in life thru' their struggle, to wat extent can it b stretched. Will time ever tell u even if u r really working at it to achieve d goals. On one hand u r getting older n on d other hand u r striving fr ur success? Times r really changing n nothing is d same as ever b4. Whatever was worth fr a little sum hs become more cumbersome n struggles as u know never end, but life ends. Inflation is continuously rising n there is no value fr money n life. No one seems 2 b happy retiring even fr a Crore? Where r we landing n hw is one going 2 face reality? There will cum a time when there is no value fr that crore which u earned n all tat will go in a jiffy at sum pt of time or d other? Wat hs one earned in life? Only struggle. Even d cost of carrying on petty works fr ur hse b it major or minor repair or painting or pymnt of ur utility Bill's, all goes out in a jiffy? Wat abt ur sustenance n Welfare? Where a little sum will b left n after u r no more, everything is over n d next genre has to struggle? Wat a misery? Even if d rich r having land or sum possessions, there is constant rivalry going on in fly matters, where fly feuds occur n one gains nothing but loses everything by paying d relevant fees? Does one ever realise d worth if life? So wat is one living fr? Vry Sad. I do appreciate ur kndness n value fr d time spent by u to give ur true suggestion. But Sir, let me b vry Frank, one does not know hw long wit tat little worth will one live fr ? N fr hw long one hs to struggle to get tat worth to live fr? ♥️🙏 n Rgds Yrs truly,
He's saying that you can never predict what you'll spend in the future but I think i can estimate it as long as I keep big margins. Especially since I'm not having kids and only need to think about myself
A person who plans to retire at 60 and has completed his responsibilities towards his children like their studies and marriage and having his own house, for that person 4% Formula is perfectly right to spend rest of his life with his spouse.
Uncle if the inflation goes up 10 times in 20 years either India will become a failed nation or the returns you get on investments will be higher than 10 times!
Sir, am retired recently at 58Y from private company(no pension). Do you strongly advise me to buy pension plan or without pension plan also is it ok to invest in other things like SCSS, FD, POMIS, small portion in MF etc. ?
Good video.... One needs to understand if you are men.... You need to keep making till your death day... Else you are deemed useless by family and friends
