Hellow guys, Welcome to my website, and you are watching Average Retirement Income by Age 65. Are you on track?. and this vIdeo is uploaded by Kevin Lum, CFP® at 2024-04-13T15:00:27-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Average Retirement Income by Age 65. Are you on track? |
| Video Uploader | Video From Kevin Lum, CFP® |
| Upload Date | This Video Uploaded At 13-04-2024 18:00:27 |
| Video Discription | ✅ *FREE RETIREMENT ASSESSMENT* ✅ https://www.foundryfinancial.org/retirement-assessment The mismatch between retirement savings and spending has led some to declare a “retirement crisis.” Retirees get their income from a number of sources. For some, it's a combination of pension payments, retirement plan withdrawals, investments, Social Security, and ongoing work. In today's video we're going to explore three questions: 1. What are the average expenses in retirement? 2. What is the average income in retirement (both the mean and the median)? 3. Should you be concerned about your retirement income? *Free Retirement Assessment* // https://foundryfinancial.org/get-started *Private Facebook Group* // http://facebook.com/groups/retirementforum -------------------------------------------------------------------------------------------------------------------------------- *ABOUT ME* I’ve always been passionate about personal finance, investing, real estate, and helping people find the freedom to live their life with purpose. But when my dad died in 2015, I tried to help my Mom find an advisor to sort out her finances. Instead of a helping hand, I found an industry of financial advisors dominated by glorified salespeople working on commission — pushing products that were not in my mother’s best interest. Or advisors with minimums that shut-out all but the ultra wealthy. Disappointed with the options, I took matters into my own hands and launched Foundry Financial, a wealth management firm with transparent pricing that specializes in helping provide clarity around money — so you have the confidence to make smart decisions.My goal is to help a million people retire without worry! 📅 *THE BASICS OF RETIREMENT PLANNING* Retirement planning has several steps, with the end goal of having enough money to quit working and do whatever you want. Our goal is to help people master retirement and retire without worry. Step 1: Know when to start retirement planning. When should you start retirement planning? The earlier you start planning, the more time your money has to grow. That said, it’s never too late to start retirement planning. Even if you haven’t so much as considered retirement, don’t feel like your ship has sailed. Every dollar you can save now will be much appreciated later. Strategically investing could mean you won't be playing catch-up for long. Step 2: Figure out how much money you need to retire, The amount of money you need to retire is a function of your current income and expenses, and how you think those expenses will change in retirement. Step 3: Prioritize your financial goals. Retirement is probably not your only savings goal. Lots of people have financial goals they feel are more pressing, such as paying down credit card or student loan debt or building up an emergency fund.Generally, you should aim to save for retirement at the same time you're building your emergency fund — especially if you have an employer retirement plan that matches any portion of your contributions. Step 4: Choose the best retirement plan for youA cornerstone of retirement planning is determining not only how much to save, but also asset allocation. It can make a massive difference in your retirement plan. Step 5: Select your retirement investments. Retirement accounts provide access to a range of investments, including stocks, bonds and mutual funds. Determining the right mix of investments depends on how long you have until you need the money and how comfortable you are with risk. It’s often helpful to talk with an adviser to discover the right mix of stocks and bonds. ❣ *SPONSORED* No, this video was not sponsored. ⚠️ "DISCLAIMER:⚠️This is not financial or investment advice. This Channel is meant for EDUCATIONAL AND ENTERTAINMENT PURPOSE only. None of this is meant to be construed as investment advice, it's for entertainment purposes only. #retirementplanning #retirement #passiveincome |
| Category | Education |
| Tags | retirement planning | retirement income | Retirement planning | average retirement income | retirement savings | social security benefits | 401k plans | IRA accounts | pension plans | retirement lifestyle | cost of living in retirement | retirement expenses | early retirement strategies | retirement age considerations | retirement calculators | investment strategies | retirement communities | estate planning | long-term care | maximizing retirement income | sustainable retirement income |
