A WARNING To All Retirement Investors скачать в хорошем качестве

A WARNING To All Retirement Investors

In this video, we'll go through some data around expectations vs reality when it comes to saving for retirement. How to manage your money:    • Transform Your Finances in 3 Simple Steps   How wealthy you are based on your age:    • This Is How Wealthy You Are Based On Your Age   Check Out My Recommendations (It helps support the channel): 🔥 M1 FINANCE Investing- Free $10 (once you deposit at least $100 within 30 days) https://bit.ly/427KBBn 📚 Here's a video on how to use M1 Finance    • M1 Finance Investing Tutorial For Beginners   📝 NewRetirement - The retirement planning tool I personally use to make sure I'm on track with saving for retirement. It's perfect for "Do it yourself" investors https://bit.ly/3EAAhrJ 📝 Empower - Free Net Worth Tracker https://bit.ly/3NUNtwq 📧 Business Inquiries: JarradMorrowYT@gmail.com Retirement target ages change over time because life is unpredictable and plans are based on a straight line, which rarely occurs. According to a survey, 45% of people changed their retirement savings plan at least once in their lives, with 47% changing it 1-2 times, 37% changing it 3-5 times, 9% changing it 6-9 times, and 8% changing it 10+ times. Career and family events are the biggest reasons for changes in retirement savings plans, followed by changes in income. "Living above my means" was the fourth most common reason for changes, which is surprising given the importance of financial responsibility. There is a significant difference between the retirement income expectations of non-retirees and retirees. While 53% of non-retirees expect to have enough money to live comfortably, 80% of retirees report having enough money to live comfortably. This difference can be attributed to a fear of the unknown future and the fact that humans are good at adapting to different situations. Among non-retirees, 49% expected retirement-related investment accounts to be a significant source of funding for their retirement, while 31% believed it would be a minor source. However, only 35% of actual retirees stated that it was a major source, and 26% considered it a minor source. Surprisingly, 39% of retirees reported that these accounts did not provide any funding for their retirement. The percentage of retirees who rely on social security as a source of retirement income is higher than the percentage of non-retirees who expect it to be a source of funding. Among non-retirees, 38% expect social security to be a significant source of funding, while 47% believe it will be a minor source. In contrast, 57% of retirees say it's a major source, and 32% say it's a minor source. Home equity is not a significant source of retirement funding, contrary to the expectations of many non-retirees. Among non-retirees, 22% assumed it would be a major source, and 45% thought it would be a minor source. However, only 17% of retirees reported it as a major source, 23% considered it a minor source, and 59% claimed it did not fund their retirement at all. Expectations versus reality of part-time work as a source of retirement income differ greatly. Among non-retirees, 21% expected it to be a significant source, while 45% considered it a minor source. However, only 2% of retirees reported it as a major source, 13% considered it a minor source, and a significant 85% claimed it did not contribute to their retirement income. Many people worry about Social Security running out of money. According to a survey, 51% of 50 to 64-year-olds, 49% of 30 to 49-year-olds, and 33% of 18 to 29-year-olds are concerned about this issue. One solution to fix the problem of Social Security funds running low is to increase the full retirement age by one year, to 68 years old. Since people live longer nowadays compared to when Social Security was created, this could be a viable option. Adjusting the tax rate is another option to fix Social Security's funding problem. The Social Security tax rate was last increased in 1977, and individuals who earn more than about $160k per year do not pay any Social Security tax on income above that amount. By either increasing or removing the income cap altogether, Social Security's solvency could be increased by at least 75 years and fix 75% of the problem. Affiliate Disclaimer: Some of the above may be affiliate links. Support the channel by signing up or purchasing through those links at no additional cost to you. I appreciate you for helping me keep this channel running. Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money.