Retirees: 8 Signs You Are RICHER Than You Think

Your health is good.... You're richer than you think.

My concern is retiring with just close to 400 grand, Not sure it will not sustain my retirement. The more I withdraw, the harder it will become for it to recover through compounding returns

We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy

This man knows the game. Listen if you want to retire.

1. Debt free ❤❤ 2. Low withdrawal rate ❤ 3. Multiple resources ❤ 4. Have emergency fund❤ 5. Don't think much about money ❤ 6. Have inheritance ❤ 7. Contribute to charity ❤ 8. Have CPA do tax❤ 😂😂😂😂😂😂😂😂😂😂

Most Americans find it hard to retire comfortably amid economy crisis. Some have close to nothing going into retirement. My question is, do I pay off mortgage as a near-retiree, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?

No debt equals FREEDOM.

Schmidt's commentaries are always welcome, mostly because they confirm what I believe. Confirmation bias for sure, but his advice is smart. Had I listened as a younger man, I would be even more richer than I think. But the arrogance of youth is one of those life lessons that has to be experienced sometimes.

Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns. This means that over time, your investment can grow exponentially. So the earlier you start investing, the more time your investment has to grow through compounding.

Thank you for all you share ,truly. grateful !

I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and have $40,000 in CDs. Since the goal of getting a job was to save for retirement and NOT up my lifestyle, I was able to do this quickly. If I can do it making $15,000 a year, anyone can.

I always enjoy this type of video. After listening, I realize I am better off than I'd expected.

I think the key to having enough at retirement is to be very moderate in spending any income increases you will have over a working lifetime. Invest at least half of the new money you get, or use the money to pay off debt. And focus expenditures on improving assets, like one's home. Paying off credit cards is a must, or you never catch up. One last thing, learn to do things yourself - rather than pay others. Anyone can learn simple plumbing, home repairs, simple car maintenance, cleaning, cooking, or even mowing their own grass. I see a lot of young people paying for all of these services - and it's a big drain on savings.

Some expenses never go away: 1: Property taxes 2. Property insurance 3. Umbrella insurance 4. Auto insurance... it never ends.

Happy Father's Day Jeff!

Happy Father's Day Geoff Thanks for taking time to do this Great Video!

"if you are watching this video, you are richer than you think" haha I feel richer already.

The truth is that most of us can afford to be rich or live rich, but not both.

THANK YOU JEFF FOR SOME GOOD INFORMATION.

Excellent video Geoff 🇺🇸❤️