Retirement readiness: 60% of Gen X feel on track with their retirement savings, survey finds 

Dividend investing can provide a reliable income stream in retirement, helping you cover expenses without dipping into your principal.

Roth IRAs are excellent for retirement due to their tax-free growth and withdrawals, especially if you expect to be in a higher tax bracket in the future.

As you get closer to retirement, adjusting your asset allocation to include more bonds can reduce risk and provide more stable returns.

Timing your Social Security benefits wisely can significantly impact your retirement income. Delaying benefits can increase your monthly payments.

Maximizing your 401(k) contributions is beneficial, especially if your employer offers a match, as it's essentially free money for your retirement

Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022

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.

’Sharon Marissa Wolfe’ is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

Needs to leave - dinosaur

Joe interject with stupid comments.

Joe reminds me of this guy lol ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE--GaJPgI3jh4.htmlsi=FiYWr52mp2yR_h5O

For years, bonds and fixed-income assets provided reliable retirement income. This need for financial safety may explain why boomers are now turning to advisors for retirement planning.

I'm nearing retirement and have benefited a lot from using a financial advisor. I started late, so index fund investing wasn't enough for me. Surprisingly, I made over 80% profit in 3 years, which is more than some of my friends who have been investing for years. You might want to consider doing the same.

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

Kristin Amber Landis is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

The very first time we tried, we invested $1000 and after a week, we received $3900. That really helped us a lot to pay up our bills

You trade with Judith M Layton too? Wow that woman has been a blessing to me and my family

Please let me know how to contact her as I'm new to this.

I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.

Token maga to keep those viewers

@@zoner__ didn’t think of that.

They need to fire him … constantly taunting Andrew 😢

Prioritize two goals: strategically buy stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.

@@merideth-j4j Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.

@@enolachastang Please can you leave the info of your investment advisor here? I’m in dire need of one.

@@nicolette-t2y Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’ll find the necessary details to work with to set up an appointment.

@@enolachastang I will give this a look, thanks a bunch for sharing.

His jokes are way too distracting

Gotta have a baby boomer in there to appease them. The story is literally about Gen X and he tries to make it about boomers. Gotta love it.

He will make a good receptionist

He's the peanut to Andrew's butter

@@KK-pm7udAndrew would disagree .. he’s constantly bothering Andrew about being a liberal nut .. just a POS

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.

How can I reach this person?

‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

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.

If you add up the poverty rate plus disability, plus government employees and union employees with generous pensions that number is reasonable.

Those are boomers, not Gen X.

@@jhouser972 Almost half are Gen X. The oldest Gen X are 59 right now

I do not feel great. I have seen my portfolio cut in half by the pandemic. I just finished recovering and do not want to go through this again. I know most people have several million saved already and are in a better position for retirement. I would not feel confident until I reach the $5 million mark.

@@mocheen4837how would it be cut in half when the market recovered almost instantly after the pandemic losses hit?

99%. Wow. Source?

Poor thing, I won't marry Gen X😊

I doubt that. Most people that I know already have millions saved. Some of my friends retired at 50 with over $10 million.

@@mocheen4837 😆 put the meth pipe down!

I will marry that lifetime worker👍✌️

@@ssuwandi3240 lmao 🤣

@@mrcmid9132 This is not hard to do. Since most people in San Francisco work in the tech industry they have good salaries and receive stock options. It is not uncommon to have a $200,000 salary here. In a dual income household that is a $400,000 yearly income excluding stock options and bonuses. Also when we purchased homes they were $400,000 and now sell for $2 million or more. Most of us grew up in San Francisco and our parents own more than one property. My grandparents have several apartment buildings and houses. Sorry, no meth smoking here just the honest to goodness truth.

Hi you can elaborate on this..I was wondering about annuities...I have have heard good/bad things about it. Thanks

@@snow40741 I suggest you do your own due diligence on the web regarding whether or not an annuity can be passed onto heirs....I hear they can't - they end with the one who took them out and the rest of the monies not spent is returned to the estate.......Do covered call ETFs only in a tax advantaged account(s), like a well-funded ROTH/IRA/SEP. etc. ALONG with a traditional investment account(s). Hope that helps......we are in for a bull run until 2033 with a "major dip" anticipated in both stocks and real estate values in 2026......and of course there will be normal & regular 5%-10% pullback corrections in the stock market along the way......

That’s pretty amazing. I am a couple of years younger and only have $3 million saved so far. I am still behind my peers and plan to work until age 65. I am maxing out my 401 K and taking advantage of the catch up contributions as well. I am hoping to retire with $5 million if possible. I also have a pension through work and hope to receive the maximum social security payout. I am not real confident about retirement yet. Some of my friends retired at age 50 with net worths over $10 million, but also own rental properties. I am far behind them and have a lot of catching up to do.

99% of people in America "retire" with less than $400,000 saved. Anyone that is about to retire with multiple millions is doing quite well. over 30% of boomers are "retiring" with literally nothing outside of a 20K bank account. I'm only 30 and based on conservative calculators I will be about 3.5-4MM between 401k and Roth. This is massively unrealistic for almost all Americans. According to Empower Retirement the most common 401k Balance for people in their 50s is: $255,036 this is as of 2023. I almost have that amount at 30.... If you are 3 million in on your accounts you are over 11 times greater the MOST COMMON 401k Balance for people in their 50s. To say you are not ready is only a issue of your standard of living. If you own a 6000 sqft home and have 3 cars. own a lake house for the summer, go on trips and have expensive hobbies. I get it. That's my mom, she has property taxes that are the cost of what the average American makes in a year pre-tax. She can't have a retirement income of 76,000 a year. she just cant, her operating costs are too high. But this isn't how "normal" americans are living. They don't have properties with taxes that are $30,000 a year. They have 1400sqft homes that have $1400 a year in taxes. Someone with 10mm net worth and rental properties on top of that is absolutely is a 1%er.... They can afford to retire, can they afford to retire and spend money like someone earning 900,000 a year does? maybe not. 3.5% withdrawal on your 3MM is a 100,000 income a year of that one account. According to the U.S. Census Bureau, 37.1% of U.S. households earned at least $100,000 in 2022. So your retirement account will earn you more money WITHOUT working than 63% of 2 income earner households............ 3.5% withdrawal on your friends 10MM is 350,000 a year...... Look my goals are such that I will aim to be like your friends or yourself with multi-million dollar retire accounts. Dividend income, rental properties and small business income. But the Average American is not someone with 1million dollars in an account much less 3mm or 10mm.

Glad to hear from another buckeye! comfortable retirement depends on your lifestyle...

I would get money management just in case. You’re only 55. I think the average life expectancy in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!!

I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. I've been fortunate enough to achieve a 10x return compared to my previous efforts as a DIY investor, summing up nearly 85% ROI as of today.. My best so far!!

bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Kristin Amber Landis” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.