This Is The Average Retirement Income (Unexpected)

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Information This Is The Average Retirement Income (Unexpected)

Title	:	This Is The Average Retirement Income (Unexpected)
Lasting	:	8.37
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Views	:	321 rb

Many folks struggling to cover basic expenses often face this challenge because they didn't save enough during their working years The choices made in preparing for retirement have significant impacts, as seen in my own family Different investment strategies led to different outcomes With guidance from a financial advisor, I'm now enjoying my retirement
Comment from : @mthreezo

About $95,000 a year
Comment from : @teams3345

depending on social security is a bad idea, as it wont be around
Comment from : @topofthegreen

Based on the $50,000 median income per person, I assume that means $100,000 per couple That doesn't seem terribly bad
Comment from : @sparrowhawk1936

I’ve recently celebrated my 56th birthday, the reality of my delayed entry into investing has set in Despite having amassed over $200k in savings, my retirement portfolio remains underdeveloped I’m anxious about securing a comfortable post-work life What strategic decisions can I make to optimize my savings and ensure a more stable future?
Comment from : @DiegoVelasquez-r3x

I have been working and contributing to my IRA for over 40 years I worked two different jobs that both have traditional pensions Plus, I have around $12 million in my IRAs brbrI live modestly, I still owe just over $125K on my mortgage, but my payment is very low (<$900) All other debt is <$15K This is mostly due to a divorcebrbrMy plan is to retire at 59 and collect SS at 62 brbrIt takes planning from day one of working We need to educate our youth
Comment from : @AJK967

People are living longer than ever before, which means your retirement savings need to last for potentially 30 years or more This can be a daunting challenge, especially with rising healthcare costs and inflation
Comment from : @nguyenTYN-g9j

Great video! what’s a Realistic Retirement Budget? I’m 62 With $890k in a 401(k), $115k in a Roth IRA and I’m Eligible for Social Security
Comment from : @johnwalsh-d8f

Pensions no longer exist ! 401ks are a joke played on the working people in America ! And Biden drove the bus to brokeville !
Comment from : @ronaldolweiler7745

I disagree with you saying that the as check was originally planned to be used as a supplementbrbrMy grandparents all worked very low wage jobs and retired living beautiful lives as social security was their replacement income They did not have big savings acts, and Ira and 401 didn’t exist My grandparents may have had pensions but I don’t know for sure
Comment from : @amrice62

I am amazed at how many people just blindly use a financial advisor Those advisors are taking a minimum of 1-2 of your net portfolio value every year in fees I started self-educating in the markets more than 20 years ago and have avoided paying a minimum of $200k (altogether) in fees, all of which was invested in stocks paying out 7-10 annually Now retired with a combined income of $140k annually and no debt
Comment from : @spinecat

Merrilllynch investment , riping people off Don't help that ,with poor planing Or unfortunate decisions Wtf
Comment from : @bengreen9681

Generating wealth is important, but protecting your capital is even more essential Once lost, rebuilding financial stability becomes significantly more challenging It's the difference between "missing an opportunity" and "losing everything" while new chances will always arise, losing your capital could bring your journey to an abrupt halt
Comment from : @NoahNollens

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
Comment from : @NaufalKnoechel

I'm scared to death I have 150k at 37 with a 64k annual salary I also am not good at keeping a job for over a year I also will likely inherit a 1 million dollar home within 15 years Why do I still worry! It even hurts my marrage My wife will likely make a three figure salary in a couple of years I do suffer from ADHD and anxiety
Comment from : @kevinmadden4362

Are the incomes and expenses you state for households or for individuals? ) ie- need to double the 57818 for household costs?
Comment from : @PH-dm8ew

Is 50K a year per person? Most receiving SS is about $180000 a month that would average to about 50K a year for a married couple
Comment from : @MetalRipper67

Trust me folksover time the S&P 500 makes millionaires Get started as early as possible
Comment from : @richardsnyder842

Stupidity cumin
Comment from : @paulsaragosa371

Poor stupidest mon chee z enough
Comment from : @paulsaragosa371

Stupidity doofaz
Comment from : @paulsaragosa371

Poor old donkeys 🫏 plowing 🫏 thy love song
Comment from : @paulsaragosa371

Aintion old old bastard songs
Comment from : @paulsaragosa371

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
Comment from : @MaelleShaker

JoeFflation really did a number on retired people
Comment from : @nationalzero269

Social security was designed to have a lot of people give a little bit of money to the government so the government could give a little money to a few people It’s a ponzi scheme The only people that believe social security IS their retirement plan are the people that trust politicians
Comment from : @fredlawrence8331

The lottery is not a sound retirement plan
Comment from : @domnick7886

I am still working, i plan on working four more years i am 81
Comment from : @MerleHeckman

I got a government job in 1980 and in 2018 I retired taking home $5300 per month (after health insurance etc) My husband got a job w state police, and got a pension from there $4300 per month and $1900 per month social security brGET A GOVERNMENT JOB!!! They have an established framework and support to prepare for retirement Private industry employment sucksbrThey find a reason to fire you just as you reach retirement age
Comment from : @judysoltow4474

In my 50s, I'm focused on investments for retirement I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a podcast What's the strategy for such returns?
Comment from : @Marianela-r3v

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
Comment from : @Greatopportunity-s2e

“Down to the banana republicsbrDown to the tropical sun brGo the newly retired Americans brHoping this one is the one brbrSpending their Social Security on a bottle of rum and a line brSo can I rent a one bedroom brOr Buy some tequila and a lime…”
Comment from : @asandrik3124

The normal person can’t do inside trading Hummm
Comment from : @cherylcampbell7495

Does anyone fall for this crap?
Comment from : @retirementpirate3665

I don't have what most would consider traditional investments like 401Ks, IRAs, stocks & bonds But I have invested heavily in body ink by up and coming tattoo artist that has intrinsic value to me, is not taxed, and can never be taken from me I'm wealthy in that regard
Comment from : @percivalgooglyeyes6178

Thankfully, it's as if I saw this video 30 years ago because my plan was pretty much what the video suggested I'm set to retire next year at 59, and I own my first manager a huge thanks for his advice and direction
Comment from : @goyoy6433

Chris is 12 yrs old and thinks he know something about retirement Cute
Comment from : @unnamedagencyundisclosedlocati

Inflation is about to go up as people are soon to be in the "find out" stage Good luck
Comment from : @rgood1204

"Average" - an overrated statistic Medians of quintiles would be more helpful
Comment from : @yuckyool

These days, retirement is harder than it used to be Rather than investing, I have been saving for a very long period I'm thinking of investing in stocks because of all the inflation, but I'm not only familiar with market tactics
Comment from : @MaximilianFischer497

big returns come from investing big investing big comes from building conviction, conviction comes from understanding, understanding comes from doing your homework and research beyond surface level
Comment from : @BrewerVera

Retirement isn’t an end goal, but a journey best secured by careful and consistent investments
Comment from : @BEAUTIFULDIANAFRANCIS

New subscriber and I am sharing my story My age is 55 and I have zero debt, 110k in the bank, 35k NVDA shares, 401k $270k, IRA 145K and 2 houses in Bay Area with zero mortgages Just got a Mercedes SUV as my 3rd car I started saving after marriage only after marriage but will all this be enough to retire?
Comment from : @BEAUTIFULDIANAFRANCIS

Who does the videos ? I know you do the audio
Comment from : @NigelBarryMahabir

I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet
Comment from : @TilSchweiger-i3f

Most people don't know crap about planning for a retirement Everyone, including this video, concentrates on income in retirement I will tell you, you are only looking at half of the equation You should equally look at expenses in retirement and plan accordingly Could you imagine having only your utilities, car/home insurance, and food in your retirement? If so, how much would you need? Plan both with planning and debt elimination If you have debt, especially a mortgage or car payment, you are in no position to retire Also, the idea of retirement If you think you are going to embark on a non-stop globe trotting party without end, there isn't enough money in the world for that crap Be realistic, plan accordingly, and you will be fine
Comment from : @davidgriffin6724

I’m convinced that investing 50k-100k in the right company before it goes big is more important than saving for retirement However, picking the right company is so hard I have around 200k in a high yield savings account and want to invest it What are the best opportunities now?
Comment from : @NormanGhali

Many retirees are living on far less than they thought they would It makes me worried about my own planning What’s the best way to ensure I don’t end up in that situation?
Comment from : @Bigwilli123

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket i want to invest around $250K savings
Comment from : @Jakepattison42

Overall, 60 of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
Comment from : @amolejoshua7452

I’m 77 invested in dividend paying stocks I have a pension, annuity, rent, bank interest,and social security My income covers all expenses I still work part time so I can still save and invest it’s a difficult decision to retire
Comment from : @joelindeman3254

You have some fantastic content on your channel At 53 years old, my wife and I achieved a net worth of $1 million back in 2017 Fast forward five years, and it has grown to $24 million Despite our combined annual salary of just over $100,000, we have adopted a frugal lifestyle We continue to drive older cars, prepare meals at home, and make use of leftovers Additionally, we have two children currently in college Fortunately, we had saved for their college expenses, and they are contributing by working part-time As a result, they will graduate without any student debt
Comment from : @IamJonny-o4v

"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments"
Comment from : @CharlesLiamh1p

I retired at 53 now, 55 I have close to a six-figure portfolio, 70 income uk 🇬🇧 stocks, blue-chip companies, the rest in growth etfs sp500 nasdaq global technology, etc I still like the growth aspect of investing but as my grandkids would inherit all this how best does all this get best managed for better returns?
Comment from : @philipfletch

Retirement becomes truly rewarding when you have two key components: a solid financial foundation and a clear sense of purpose Making wise investment decisions is crucial to achieving strong returns and enjoying a secure retirement
Comment from : @DanielWyatt-x2e

The ant and the grasshopper!
Comment from : @L1V2P9

I often hear people talking about being retired on a “fixed income” How is this any different than when they drew a fixed salary? In fact, a retired person’s income is less fixed as they can work to increase their income while those who are not retired would have to work overtime or take a second job For a retired person, they can easily double their income by taking a job on top of SS and retirement This expression (fixed income) is false and should be replaced
Comment from : @benjamindover4033

We battle inflation by having permanent income that has a COLA While those COLAs don't always keep up with inflation, they help And that permanent income lets us be more aggressive with our IRA, knowing we don't need to rely on that income I'm collecting my two federal pensions now, but we're holding off on Social Security for awhile
Comment from : @richdouglas2311

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
Comment from : @Sashapov-h7b

My cash flow income is much less than your average yet I have extra Money at the end of the month My savings in retirement are growing What am I doing wrong?
Comment from : @donbrownist

What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition
Comment from : @Bako-b8j

I retired at 39
Comment from : @bradleyvanzile1111

If you have a mortgage there is absolutely no way you can retire unless you have some kind of retirement income like a rental property
Comment from : @TheCookster64

4:00 time mark: Difference between age 65 income vs age 65 expenditures THE REASON IS THAT THERE IS A DIFFERENCE BETWEEN WHO IS BEING COMPARED HERE Median age 65 income is the middle-of-the pack income Average age 65 spending is the average amount spent by the entire group and this factor is decidedly shifted because of a small percentage of high wage earners/high spendersbrbrYou are comparing apples with oranges
Comment from : @1dash133

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
Comment from : @jameswood9772

Your comment section is infiltrated by scammers its is your obligation to weed them out😅
Comment from : @bfdee1603

1:45 Is that household ($50,000 for husband and wife), or per individual, ie $100,00 in a married household?
Comment from : @leanit5756

This is my fifth year after retirement I’e been following the 4 rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried
Comment from : @dylanmoris6211

the average is of no value The mode is what you should report Average income is seriously skewed by a few people with large savings
Comment from : @jamestimmons6838

I believe the retirement crisis will get even worse Many struggle to save due to low wages, rising prices, and exorbitant rents With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either
Comment from : @SamsonKempston

Wow this comment section is infested with SPAM!
Comment from : @SpookyEng1

I am looking for tax efficient way to rebalance my 800k retirement portfolio without triggering capital gain tax what asset location strategies should i use?
Comment from : @judynewsom1902

Nice video coverage with trading, technical analysis skills alone are not enough; discipline and emotional maturity are also crucial for success The saying "time in the market vs timing the market" is a good mindset to have during market fluctuations Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings Keep it up!
Comment from : @sidinhasol

I worked at Walmart for 15 years and was able to save a gigantic nest egg with meager wages It took living below my means for years Dollar cost average purchasing index funds Brought my lunch and breakfast to work and drove the same plain vehicle Resist the power and influence of consumerism Pay your future self first
Comment from : @EatDrinkBeMerry

My wife and I are calculating on having $100k per year for retirement Between my Military retirement, pension from my current job and our 401k, IRAs and SS The key IS NOT OWING anyone anything We used all extra money to pay off our house We don't carry debt and own our cars
Comment from : @Noneofyourdambusssiness

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification I'm hoping to invest about $350k of my savings in stocks against next year Hope to make millions in 2024
Comment from : @SophiaChloé6f

Social security is a pyramid scheme
Comment from : @EM-re5xq

I need to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket i want to invest around $250K from my cash savings
Comment from : @RichardMoore-jg5tl

CAUTION: there are a tons of scammers that are always posting on these type of financial sites Never go to any financial planner that you cannot meet with in person Ask friends and family members for referrals Never consult with anyone online
Comment from : @Valmontst

Just retired this week, turned 57 earlier this month, I am getting a $3,500 monthly pension from my job, health care for life, and I have over 1 mil in my 401k, virtually no debt, and plan on collecting SS at 62, it wasnt easy but I see so many people just make up excuses instead of finding answers or making a plan
Comment from : @almone5895

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket i want to invest around $250K savings
Comment from : @tonysilke