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50 Years Old and Nothing Saved for Retirement

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Dave is assuming a 12 interest rate here Almost no one sees that high a rate over any set 15 year period Assuming 8, would be $350,000 which is much more likely
Comment from : @csmatthews1000

Blah blah blah !!! Get credit cards and don't pay it back !!!!
Comment from : @alexandertriozzi5121

For any Christians here:br1 Timothy 5:4 says, "But if a widow has children or grandchildren, let them first learn to show godliness to their own household and to make some return to their parents, for this is pleasing in the sight of God" brExplanation:brThis verse instructs children to show piety and respect to their parents and grandparents by caring for them It's a duty to take care of parents when they're unable to care for themselves This pleases God br1 Timothy 5:8brIf anyone fails to provide for his relatives, and especially for those of his own family, he has disowned the faith [by failing to accompany it with fruits] and is worse than an unbeliever [who performs his obligation in these matters]brbrDave Ramsey is not Jesus
Comment from : @weichmtazus4434

OF for the senior living facilities is the only way to expedite the goal
Comment from : @pl6935

No taxes will have 500,000 401k is the biggest joke ever
Comment from : @jesp42

She gave so much to her children I hope they will help her
Comment from : @Pavel22395

My original retirement plan was to retire at 62, work part-time, and save money However, high prices for everything have severely affected my plan I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before
Comment from : @alexstevenm6414

Wait, so you’re telling me that if I save $1,000 a month for 15 years, I’ll have $500,000 starting from $0? $1,000 x 12 x 15 is $180,000! Nice try Dave
Comment from : @davidwhite7913

500k? Not really enough? Guy is crazy
Comment from : @Orcling

125 would be nice
Comment from : @Truth_tel_her

Invest in what exactly for those numbers though?
Comment from : @cannon59

1k a month for 15 years is only 180k
Comment from : @TheLaw730

And your kids best be helping you out
Comment from : @youwillneverknowiamherefor5392

Why wait until 50 to figure this out, you had 15 years to plan Collage should be each kids responsibility, they have grants and loans for people in your situation
Comment from : @Jay-lf7eb

Invest into what/invest how?
Comment from : @Brett_Nebraska

Dave, I am 62 and have about 1/2 m in retirement I am being told by the Investor Pro that I should put 200K into a variable annuity through Jackson Hewitt I thought any annuity was not good according to you Any help would be appreciated
Comment from : @gregsharp1438

experts have stated to retire comfortably u need to have saved 2 million
Comment from : @ileanarivera2917

Unless the market does not return what it historically returns that part is never added on Ridiculous
Comment from : @doptimist

If your mom raised you as single mother without any father being around, the kids are responsible to put that 1000$ for her by each of her kid for next fifteen years
Comment from : @sandeepmehta5311

Ugh I'm 43 and have nothing 😒brI needed to hear this
Comment from : @tandylynnennis9639

At 65 she she will not have 500k
Comment from : @TheOriginalUberGoober

Who has £1,000 a month to save after bill/ mortgage?
Comment from : @HazelKelly-q1j

So she saves 1k a month for 15 years that’s 180k
Comment from : @Most_hated_comments

$180,00000 how does this earn $500,00000 15x 12x $1,00000
Comment from : @williamkirkland7002

In other words, it’s to late
Comment from : @Crucial444

This is nuts who can afford to save a $1000 a monthThat's practically all I get in s s I
Comment from : @janiceandrus3109

I got learning disabilities Can you tell me what chapter of what book that I can learn this?
Comment from : @AuntieFairy

Invest in what though?
Comment from : @AuntieFairy

Dang half a million only enough to make sure you're not hungry?
Comment from : @Publiksquare

Bullshit There’s no way in Hell investing $1,000 per month for 15 years will return you $500,000brUnless she’s investing in the Sinaioa cartel cocaine retirement fund brhe’s lost all credibility
Comment from : @TrïGGerHaPPy-007

I love dave, but lets be honest 1000$ a month for 15 years the average human can't sustain that
Comment from : @jameslaverty9779

Nope its only $180 k in 15 years , you need to go back to school sr
Comment from : @luisgenmaint

I saved for retirement and after covid everything collapsed, my husband died, the place we invested our retirement crashed our business closed down, I got sick Plus a lot of your avenues yo save doesn't work in Trinidad And I am 54
Comment from : @justdreadest

You are screwed
Comment from : @blackandhappilycommited9928

her children should help her, that's what we do in Asia
Comment from : @Lord_Alhaitham

Hahahahawhat a wise advise If this would be true without even saying in which brand or fund you should invest, the whole world would do it and poverty wouldn't exist anymore Retiring at the age of 50, that's the problem I'm 53 and have my own company I love what I'm doing and see it as my hobby I earn good money and don't wish investments will determine my future
Comment from : @snapsjot

I’m brand new to Dave Ramsey - when he says $1000 a month to invest, what does this mean?
Comment from : @Happyplace1979

She migjt wanna lay off the alcohol
Comment from : @aisdxcarr

Good advice if can afford to put that much in
Comment from : @robertmiller2104

So, we r saving/ investing the 1000 dollars in a 401k??
Comment from : @cnope2444

This is investing in what?
Comment from : @luciodidavide

Who can save $1000 a month for even one month???
Comment from : @AchievewithA

I’d be retiring or working much less in 5 years, curious to know best how people split their pay, how much of it goes into savings, spendings or investments I earn around $250k per year, but nothing to show for it yet
Comment from : @Adrian_misterblue

Go to mixico an buy some coke
Comment from : @mathewgoss2861

I'd like to see that math Dave
Comment from : @gaetanogiornofelice4210

I wonder if she did as he suggested
Comment from : @photografr7

How
Comment from : @marlenerodriguez779

Your not retiring at 50 if you have nothing
Comment from : @MightyMick-c5p

Thank you Dave! I’m 46
Comment from : @Bishbish-r6k

America moment; I put my kids through college, now I can't retire
Comment from : @Danieel-ip6hg

Widowed for 15 years and still using it as an excuse for failure
Comment from : @Strider_JM

Who can save a $1000 a month?
Comment from : @kyns20

You’re not taking into account inflation in 15yrs…
Comment from : @wildheartfree420

What country thinks half a million isn't rich Kick out the insurance comp and medical insurance comp and start again
Comment from : @janetovens756

Her children better help support her
Comment from : @jacktrades2327

What are the best investments to make in order to be ready for retirement?
Comment from : @dianecelaya1354

In this particular situation i would say her kids need to help with that retirment If she was the sole provider most of her childrens life and put them through college, they need to help back at that point
Comment from : @jakesdaysoff4683

Kids take care of your mom I’d say
Comment from : @christophersines8238

How is having half million not rich! It's more than what many have
Comment from : @emmetdonnelly2072

Not from the US but how do u come up to 500k with a monthly 1k saving 😅
Comment from : @adrleo

I plead with people to PLEASE plan for your retirement That means housing money, groceries money, medication money, possible surgery money, pay and arrange funeral plans for yourselves, so none of this is put on the backs of your children Its SO unfair to basically become a WHOLE dependent in your already struggling child(ren) Im always so stressed over my parents just entering their 60s Theyre so bad with money, especially my stepmom, whom shops for nonsense, as her "therapy" Or they drink I cry to my fiance at times, because is kids shouldn't have to stress and worry about our parents that bad We even moved out of state, for a lower cost of living and theyre not willing to do that So please, if you really love your children, although we'll still care for you as our parents, dont become such a financial burden on us With todays prices on every single thing, you as parents need to plan accordingly Living with your child, isnt the burden Its the added expenses, because you didnt plan
Comment from : @JSP-G

That’s a super girl right there
Comment from : @erickim3710

Dave forgot to mention how hard it is to save 1000 a month
Comment from : @Codeman785

Her kids are her retirement At least, they owe her that
Comment from : @swordofdespairL

Marry a rich guy!
Comment from : @MarionBlair

The is your reminder to get some term life insurance so you don’t leave your wife like this
Comment from : @laurencezemlick1979

Wow I cry Can’t imagine my mom worrying about this Me and my sis are 30 and we help our parents out as much as we can They’re in a good place tho my mom is retiring in 5 years
Comment from : @MasayaTina

That so hard, that she have to work from 50 till 65 to save for her retirement However this is reality for a lot of people I’m sure that she work hard to make sure that her kids have all what they need And now she have to work more to save at least something to not starve in her 70s
Comment from : @mariam3612

How does one not put away for retirement! I dont understand how someone just thinks its going to be okay to have no savings at 50 years old
Comment from : @gj2420

That is an OLD sounding fifty, right there She doesn't have fifteen years until she's 65 She's already over 65
Comment from : @doctorderpage2848

PAY OFF YOUR HOUSE
Comment from : @fivewaystreet

Sad thing is this is a total lie 10 interest rate (very optimistic) per year is around 400k Imagine the bad years
Comment from : @cucuo-wo5sv

So over 15 years with a capital input of 180k he reckons a return of 500k That is optimistic to say the least
Comment from : @robotsonmars1989

What kind of person doesn’t take care of their loved ones? Her children should help her because they love her She sacrificed her own security for their education That was going above and beyond They can step up It’s not wrong
Comment from : @RoseTeaLeaf

That's around 12 interest Investing in those types of assets means she might not be able to withdraw them when she retires And if she relies on that as her only income she might get completely screwed
Comment from : @Hedning1390

Invest in what?
Comment from : @ivonneg4993

In other cultures, this wouldn’t even be a question as the woman will be taken care of by the kids and she would be living with thembrbrImagine being a widow and putting your kids through college and having to ask such questions Morally bankrupt society!
Comment from : @LJ-jd5yy

I spent my years living for the moment and never set aside anything for later Now, facing retirement without any safety net is a real wake-up call… Stay motivated to turn things around!
Comment from : @Cooper11y

In India the children would take care of her But hey, this is America and she has to worry how she is going to eat
Comment from : @rohitparikh8132

This man is always talking about investing money by gambling your savings… they tell you there is no guarantee and you could lose your money So why risk it? brbrAlso your kids are unable to look after you in old age?
Comment from : @ceothesheriffshow