10 Alarming Retirement Stats… Are You Ready?
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Published 2024-06-12
About this episode:
Today, I look at some alarming data around retirement in America and what you can do to beat the stats.
Next Steps:
📗 Order George Kamel’s new book, Breaking Free From Broke. ter.li/n1pwaz
🎥 Watch “How Much You Should Have in Your 401(k)—By Age”: • How Much You Should Have in Your 401(...
🎥 Watch “Investing for Beginners”: • Investing for Beginners
➕ Try our free Retirement Calculator: ter.li/m5zawf
🔧 Free Retirement Tool: www.ramseysolutions.com/retirement/riq
🧑🏫 Find a SmartVestor Pro: ter.li/kbn7y0
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All Comments (21)
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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.
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My $2m retirement account has gone up only by 2% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 22 years of working hard.
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Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.
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If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
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The monthly average for a social security check is $1827. The alarming statistic is that 22% of Americans have only $5,000 saved for retirement. Invest right now! No one is going to come to your rescue.
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0:31 "Hate to break it to you, but 0 bucks not going to get you far in retirement." Most of Americans - ::surprised pikachu face::
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You don’t have to wait until you retired to start Birdwatching. I got quite a few years left until retirement and I’ve already been Birdwatching for 10 years. What a great way to relax.
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Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of m $270,500 every months,God bless Christy Fiore 🇺🇸🇺🇸🇺🇸..
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Great video, one that folks really need to watch. I' m 50, retired a while at 45. 1 have 35% of my capital invstments in an IRA. 25% in index funds, and the balance spread across other investment accts. in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly. My financial consultant has been patient and has done a wonderful job for me throughout the years.
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I like the saying "if you aim at nothing you will hit nothing 100 percent of the time"
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Come on George you know you can't spend "around" 200k a year with a 2 million portfolio. Papa Dave has got that leash too tight after the 4% incident.
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Ten percent retirement withdrawal rate?! TEN PERCENT?!! You know enough by this point that you should know better. If Ramsey Solutions thinks that a 10% withdrawal rate is safe, then their retirement advice is less than worthless - it's actively HARMING the people you are trying to help.
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My favorite statistic is the average person has one ovary and one testicle. Average doesn't always paint the whole picture.
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“One rib” was a missed opportunity for the Chris Rock “I sure am hungry” clip.
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Thank you Lord Jesus for the gift of life and blessings to me and My family $14,120.47 weekly profit our lord Jesus have lifted up my Life!!!
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George it wasnt that long ago when you were accurately suggesting 4% withdrawal, and we all saw Dave's response, and even though Dave is wrong, you are now carrying his message of 10%. I know you have a pretty sweet gig working for Ramsey, but say things you dont believe.
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In your 10% average return scenario, living on $200k/year on a $2 million nest egg isn't accounting for inflation. Big mistake there.
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Absolutely love it!!! I'll have to be financially stable in every sense before purchasing my first supercar. The best thing to do with your money is to invest rightly because money left saving will end up with no returns
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Wonderful video thank you 🙏
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Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
