Average Retirement Income by Age 65. Are you on track?

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Title	:	Average Retirement Income by Age 65. Are you on track?
Lasting	:	10.42
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Views	:	327 rb

Hard to imagine in 2020, the cost of living skyrockets when the communists take over
Comment from : @lcee6592

The fact that some people don’t understand the difference between average and median partially explains the problem The idiot tax can be sharp and painful
Comment from : @christinadimauro7673

Is this couple retirement or singular average?
Comment from : @pathoffman2839

During Joe Biden's tenure, my 401k went up 84 I went from thinking about retiring to upgrading to 1st class tickets during my retirement travels
Comment from : @ronmac1832

Only 14 of Americans have a defined pension planMost don’t even have a 401k Mmm
Comment from : @bobbituka123

Your numbers are much too high for those of us in WV Most people don't make $50,000 a year This is working people In retirement this is much less You are talking larger cities
Comment from : @HALWG51

All the comments seem like people are pretty set Not sure why they are watching the video?
Comment from : @abelzoni2138

THANKS JOE BIDENbrbrTIME TO GO BRANDON!
Comment from : @METVWETV

Whatever your plans on retirement, make sure you account for RMDs
Comment from : @old_man_with_cane3407

This retirement planning is not hard A home computer and excel spreadsheet ability is all you need These videos are so dumbed down I have $9800 monthly expenses and $12800 in monthly income I am using a dynamic 401K withdrawal strategy Right now, I am only taking 15 withdrawals I have averaged 14 annual investment returns the last 5 years, including a positive return in 2022
Comment from : @jimsmith8324

Average isn’t the correct measure You should use mean
Comment from : @Steven-f7v

what are those expenses ? a break down would be nice
Comment from : @steveg6978

Frankly you lost me at the word Average I really don't care about averages, I care about me and my family
Comment from : @somebodypeculiar

Thank You
Comment from : @chrisberdis6228

Some investment advisors make a living scaring people into believing that they need a seven figure account to retirebrToo many comments by scammers and braggarts on these videos
Comment from : @keysersoze503

Since many retirees are married, are you implying that your average/median incomes are 2x what you quote for the household?
Comment from : @johnfalconer4846

If you need a part time job you’re not retired lol
Comment from : @boathemian7694

Predatory price gouging isn’t actually inflation
Comment from : @boathemian7694

I’m 69, and I have a couple of rentals that are paid off Rents go up with inflation and renters bought the properties Real Estate is hard to beat if you don’t mind the headaches
Comment from : @hardrock6034

Wonderful video 😊
Comment from : @rickynorris1694

@6:20 The numbers are saying that a man goes to war for his country, put his life on the line & his pension is less than a federal worker's?brbrIsn't he a federal employee, fighting for his country? brbrI hope that he gets both the Federal & military 🪖 pension, otherwise it is very sad
Comment from : @mikethomas6715

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 : @AbigailOliviaq4l

Majority retirement income in our area is Social security, 2nd is savings or investments, and last is pension
Comment from : @Jstring304

Is average life expectency 95? Most retirees DON'T have 30 years ahead of them
Comment from : @Amir-je6wl

'Individual' retiree or' household' income? It is important to clarify in the script at the beginning of these type of videos (though it was alluded to nearer the end)
Comment from : @rdssmaster9531

I just turned 61 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k
Comment from : @Jeffery-f2e

Harris will fix this😂😂😂😂😂
Comment from : @TheRalf9999

Very interesting and informative, Thank you However, of all the retirement posts I have looked at, I have yet to hear a CFP discuss those of us who were self-employed and invested in only dividend-paying stocks Companies that have paid dividends consistently over 25 years with an average of 4 increases per year I never need to touch my principle and live in dividends and SS only brWhat are your thoughts?brThank you
Comment from : @DrRobertLEnglishII

From the time I was 18 I knew my priority was to retire well I now have 2 pensions with COLA that are not dependent on the stock market or other investment strategies, full coverage health care for my wife and me (thank you military retirement!) and a nice chunk in a 401k I retired at 56 with an annual income north of 130k and I still have 3 years before I can apply for SS Regardless of what you do for work it's all about planning early and sticking to it
Comment from : @danlsmock

The biggest financial risk is having the socialists and Marxist democrat party take over all the branches of our government There is no way to avoid a total confiscation of our assets no matter how well Americans saved and invested for retirement If the socialists and Marxists can be prevented from winning the 2024 election I would completely agree with you Kevin on how to invest Thank you for what you do
Comment from : @aidanmiller4595

The maximum cpp benefit in Canada is roughly a third of what's available in the US $16,375 annually It's depressing
Comment from : @somai_1

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 : @floydchusset3143

Thanks for the video, I need at least $3K in monthly pension & at least $1M to be living comfortably in America Anything less than that I'll be living in a Skid Row or move overseas in Asia
Comment from : @apoloestrada2908

when you think its paid for the tax man keeps hitting you harder every year
Comment from : @rscott5061

Sorry if this was answered but is this 50K this per person ? Per household - double or single occupant?
Comment from : @TeslaRules1856

Most of these retirees are still making mortgage payments and car payments id bet
Comment from : @gnd111

How can u help me retire and get to heaven ?
Comment from : @danbooher5843

When you are discussing income, how is it defined? Is it the total of all sources, or is it what the IRS considers income for tax purposes? For example, my first 3 years of retirement looked like $0 income because I lived off of a savings account until age 65
Comment from : @jamesgerboc

There are a lot of metrics being surveyed in the past 20-30 years with regards to retirementbrOne metric I think is missing and would be absolutely useful and sought after would be:brWhat is the percentage difference between what was spent before and after retirementbrBroken up by income groups like 100k -200kbrThe income difference that was shown in this video is great, but the expense difference would be more useful for knowing if a person is ready
Comment from : @FrankBatistaElJibaro

Its worse here, our economy is like a flailing fish, fighting for its life The normal state of the US economy is actually very bad Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining
Comment from : @vickylarue

Elections have consequences…
Comment from : @dk99745

Per person? Per couple?
Comment from : @seank8772

$57,818? glad i retired off grid my projected out go next year is $23,482brgod bless low needs and no family legacy
Comment from : @john-o1g9p

You’re BETTER off helping widowed people to DOUBLE-UP in one house and RENT the OTHER! TENS of MILLIONS of people COULD USE THAT!!!
Comment from : @Tryp-j9d

LoL I like how all these retirement videos assume everyone has worked making over 50k a year A lot of us nevey made more than $1500 to $2000 a month I actually just retired, get disability, have only 40k in stocks and bonds, home is paid off Not taking dividends until 2025 But yeah, $500 in dividends is all I'll need Not everyone needs $4000 to $5000 a month
Comment from : @byron2521

Po
Comment from : @martincabaruvias3093

Age 60 this year Well above Pension and 401k The biggest this has been no debt Thanks
Comment from : @34dawgsgo

90K income, from SS, G pension, rental income It covers all expenses with left over My 401k and mándame CDs is over 1 million, with zero withdrawal Age 66 and have no need to withdraw untill forced by Goverment mandate How should I invest my 401K
Comment from : @armandosanchez7155

Good advise
Comment from : @pascalfo6014

Inflation has gone way too far Thanks to the corrupt current Administration
Comment from : @bmanz8117

All 65 or older should not pay taxes INFLATION NOW IS WAY OVER 20 PERCENT
Comment from : @bmanz8117

Hell no I’ll be living in a van down by the river Dumpster diving for food
Comment from : @sycamore2789

1st pension is 165k a year, about to obtain a 2nd pension of 13k a year 55 years old
Comment from : @Krabbiepattie

I have a wife who absolutely hates the thought of spending money When we were looking for a house, I joked we could buy a plot of land and put a tent on it When we lived in Gauting, Germany (she’s German), she was in a store while I was outside with our firstborn in a big baby buggy There was another guy in the same situation My wife kept coming to the window showing me cute things Finally, I said “Just buy everything in the store!” The guy next to me dropped his jaw to the ground I said she wouldn’t buy anything… and she didn’t ;-)
Comment from : @Zulonix

most people retired early are ones that work hard labored and wearhouse fast pace jobs
Comment from : @edwardripley7266

Bidenomics my man! But it's only 6 percent they say Liars, all liars In two years 20 percent, unbelievable but true
Comment from : @richardlindell9976

You're quoting the "mean" but the standard deviation is so great that it's really worthless and inaccurate number Much more accurate would be the MEDIAN The MEDIAN is substantially less than the mean and is much more reflective of what Americans really have Do a video on the MEDIAN as the mean is a relatively worthless number
Comment from : @cynthiaivers1708

I own four rental properties Each one gets 1600 per mo I own all of them out right no bank notes I also collect 374500 For social security each month
Comment from : @WhateverItsanOpinion

Your numbers and comments reflect households Is there a difference for single vs married folks?
Comment from : @annewhitney8809

Retired at 60 when Covid hit Glad I have a pension and a 2 yearly cost of living increase Food going up didn't help but I get by
Comment from : @cruz47144

When 'average' Social Security is quoted, is it AFTER Part B deductions or is it before?
Comment from : @randall8379

Blue color workerinvested heavy in my 30s I maxed out what the government would allow me to put into my 401K 56 and just retired
Comment from : @Rottingboards

Been through many corporate downsizings (Finance and Accounting) are among the first to go brbrLast layoff in 2020 during Covid I was fortunate enough to see the layoff list, with my name on it, and almost every single person on that list was over 55 brbr65 people and all but two I think were almost certainly targeted based on age (and salary)brbrWhen you have been through multiple things like that and year long periods with no income it plays havoc with all the perfect retirement scenarios brbrNow I am in my early 60’s (look younger) and my current employer is deploying SAP next year and it looks like I will be looking again in Spring 2025 brbrHope I even get to retire when I want to
Comment from : @ddduva4440

I am 68 years old and still working full-time Divorce makes a big difference She gets about 60 percent of what you have
Comment from : @ontheroadrvstyle2565

Nice to know what the average pensions are It's amazing to see how much of taxpayer's money are funding the government workers for doing nothing
Comment from : @RG-xi3rd

How can 50k be the average when so many baby boomers have no retirement savings at all?
Comment from : @bambismomkelly7423

You look like you’re AI generated
Comment from : @SJR-o6x

inflation sux vote for trump
Comment from : @andrissoble

I'm lucky Things are going well for me My withdrawal rate is under 3 percent
Comment from : @chessdad182

You mean well, but what the govt is doing to seniors, you dont addressthe society is being actively destroyed by govt
Comment from : @3777177

We need good skill sets to do well I won t retire till 66 or 67
Comment from : @TobyBloom

You have to start preparing for retirement by your mid 20's! If you can systematically save for your entirebrworking lifetime, without 'raiding it', you should have enough money to have a "self-sustaining' fund! Thisbrway, you can now withdraw a prescribed, annual amount, w/o ever reducing the principle! This fund would brbe worth an estimated $300,000 which would generate some $15,000 interest a year, for life!
Comment from : @rongendron8705

What's the median income from Social Security?
Comment from : @mrbigcat9

We are experiencing not only unexpected inflation but hyperinflation in 2024!!!
Comment from : @LWRC

My SSI is over 4k, whats this guy talking about?
Comment from : @PianoUniverse

I've been living on a $20k/yr retirement with no problem
Comment from : @motokev2727

I am a diy investor and I am my own financial advisor I also help my kids with their investments as well as grown grand kids We are all doing great My greatest frustration is that I fear my family isn’t financially literate enough to go it on their own Working on that all the time
Comment from : @roncraft2042