How to Get By on Less Than $1 Million in Retirement Savings | WSJ Your Money Briefing 

This is true. I'm in my mid 60's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

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 $21k 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.

@@andrew.alonzo I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.

@@rebecca_burns14 Big Credits to “Julia Ann Finnicum” she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Julia has been a good guide through the year.

@@andrew.alonzo She appears to be well-educated and well-read. I ran a google search on her name and came across her website; thank you for sharing.

Developing a solid financial portfolio is more difficult, therefore I suggest you seek expert assistance. The ideas you receive after that can be tailored to your long-term goals and financial desires.

Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.

The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "Catherine Morrison Evans" a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.

@@hermanramos7092 Same thought when I read the comments from people. as if it's that easy! You can't give what you don't have. That's why as many as who go into the market with little to no knowledge will continue to feel the full downsides of stocks when it happens. I personally need some guide with regards to my 401k. How can I reach Catherine Morrison Evans?

@@hermanramos7092 How can I reach Catherine Morrison Evans?

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.

@@berkrix4312 It would be very innovative suggestion to look out for Financial Advisors like Julie Anne Hoover ’ who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm.

@@theresahv I’m delighted to engage in this opportunity, I just found the professional’s web page and have already written her.

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

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.

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

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with Carol Vivian Constable for about five years now, and her performance has been consistently impressive.

Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.

I was a project manager and my personal portfolio of approximately $1.5m of my retirement pension took a big hit in January due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $450k since then.

@@laszlolee please tell me how to use this recession to make gains! Grew my reserve of $121k to over $513k btw DEC. 2011 and AUG 2012 but the market is diff now..

@@laszlolee I just started few months back, my grandson helps me but I'm going for long term, I'm still trying to figure it out honestly.. Which advisor do you work with?

I've shuffled through a few advisors but “Susan Bauer Normansell” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself..

@@laszlolee 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 resume.

Yup. More and more of their content seems to be indirectly defending the sorry state of wages, taxation and social welfare in the US.

@Nelson Swanberg Quoting the French Revolution, or the Founding Fathers this time

Very carefully

Buy a $5k noose

Plan on working for the rest of your life.

Stay out of debt, create and live on a budget, and work P/T.

Correct. Just another BS conversation of people babbling nothingness out of touch with 85% of Americans.

That's right, getting in touch with a consultant during the pandemic was how I was able to scale through the crazy stock downtrend.

Like I said earlier , her name is KATRINA VANRENSUM

Just run a search on her name, and you would see all you need.

Mr Nathan made profiting my culture, i regretted not knowing this way of trade few months ago before i lost, it's all good, am recovering. and i will never forget this good deed..

Courageous, this is the kind of information that we don't get from most RU-vidrs I will get in touch with him right away, thanks!

Building a good investment portfolio is more complex so I would recommend you seek Nathan Chui support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.

He's available on TELE GRAM☑

@@ballooneyjr4294 An HSA is a health spending account that is tax free. You can fund a certain amount each year. The money is to only be used for medical stuff like prescriptions, co-pays, dental. Pretty much anything medical. I got mine through the company I worked for, but I think you can go to most banks and set one up. Mine is through Fidelity. I didn't use my HSA money until I retired, but you don't have to wait. My Fidelity HSA is also a brokerage account so after I had a good amount of money in it, I took 2/3's of it and started investing with it so it would have some growth. Google it, or talk to a financial planner about it. It's really nice to have a medical bucket of money that is there when you need it.

Read about "law of large numbers". When you have a large sample size you can approximate the mean with high confidence. When you pay into government's national system the sample size is so large that it evens out among people who live very long vs very short, people who incur very high health related costs vs very small. As an individual person, if you do that saving yourself your risk is infinitely high that your savings may not be enough because you have no idea how long you (as an individual) will live, how much health care costs you will incur etc. Look at Europe, Canada, UK, Australia and rest of the world, they all use Jesse's system. Those are examples that retirement should be through government instead of individual people save. I would prefer that SS tax is 20% yet government guarantees free healthcare plus decent pension until I die, that's true piece of mind. Your idea on the other hand is sugarcoated by capitalists and flawed from many angles including statistics and common sense, yet you will not understand because capitalists fed you their story

Check out folks in Great Britain just now…things are bad for many retirees!

And tell me, where the Ecuadorian retiree needs to go when he retires? Because you with your dollars hiked the prices of real estate and everything else. You should be ashamed with expatfire, gringos are not welcome

Years ago I budgeted a little over $3M for my wife and I but didn't take into account no mortgage and the addition of SS. I do agree that $1M seems low if you're just supposed to live on the interest.

Let's use common sense here...$1 million equivalent by the time you are ready to retire, DUH.

Nice of you to brag. If any of this is even true.

What you want may not matter once you get married

@@dickriggles942 it's all true. I dont lie. My drive was being first gen American and growing up on poverty. As such i don't care for luxuries. Never even owned a new car. Bought mine used for cash. My family and my dog are my priorities. Mexican culture.

@@MrBemnet1 very true. I'm gay, and make my plans clear. My partner will also have a career. I'm sure we will align mostly because my driving force is to never be financially unstable. I could quickly pick up how they are with their finances.

@@djm2189 Rolling my eyes, no one cares, I know what you're trying to do. Go away.

Work until that age? What if you wake up one morning and there’s no job, what will you do?

@@FulgenzioPisani obviously keep applying to get a job. Being laid off is not the end of the world. I know many older people who got laid off and finally got jobs after persistently looking! This is called “common sense!” But I guess common sense is not so common after all 😬

The fact it isn’t impossible 😭 but no.. they have faces and names you can verify

Staple foods

I understand how you feel but when life feels so tough you need to keep on going no matter what, and that’s when you unlock the good things. Trust me

Fu-- off. No. And the Mexican retiree has to go where? Bangladesh?

or don’t gentrify

We are told that it is so dangerous in mexico that all of the migrants (economic migrant illegals) "must" be given "asylum" in the US.

Wouldn't it be nice if you could just keep your money from decades of work instead of getting it stolen from you and you just have to hope there's a base in the future to keep the pyramid up?

Ideally, current taxes into SS should fund future withdrawals. It’s not supposed to fund accrued benefits. Your perspective of SS is altruistic but unfortunately flawed.

@@bobthemagicmoose No, it wouldn't. Read about "law of large numbers". When you have a large sample size you can approximate the mean with high confidence. When you pay into government's national system the sample size is so large that it evens out among people who live very long vs very short, people who incur very high health related costs vs very small. As an individual person, if you do that saving yourself your risk is infinitely high that your savings may not be enough because you have no idea how long you (as an individual) will live, how much health care costs you will incur etc. Look at Europe, Canada, UK, Australia and rest of the world, they all use Jesse's system. Those are examples that retirement should be through government instead of individual people save. I would prefer that SS tax is 20% yet government guarantees free healthcare plus decent pension until I die, that's true piece of mind. Your idea on the other hand is sugarcoated by capitalists and flawed from many angles including statistics and common sense, yet you will not understand because capitalists fed you their story

Yoda!

I’m a female and I can definitely say male / female doesn’t matter in a community property state. It’s who earned more. In my case, I earned more than my x. My advice is don’t get married. Prenups provide limited protection if married over 10 years.

They included pension also

Monthly income like monthly bills cost of living bottom line money is life everything cost money money money money

* tied or * teed ?

Annuity salesmen make $$$ commission to rope you into one, buyer beware. I would rather cut the middle man fees and pay myself in interest.

Annuities are sold, not bought.

@@KayFabe87 Take the time to think: In any transactions, there is a seller and a buyer!

I don't trade, I invest with a professional assigned by a crypto company that trades for us and returns profits on weekly basis for me and you can invest your capital and get weekly Returns of investment (ROI) without any extra fees attached.

The professional is Mrs Danice perez

^Wow, I really recommend Expert Ms danice .she's been the key to my successful life and three of my friends also trade with her.

I'm really surprised you guys are familiar with Mrs Danice perez

...Please I'm new at this,how can she be contacted