Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

Could you kindly elaborate on the advisor's background and qualifications?

“NICOLE ANASTASIA PLUMLEE’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?

Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. We have been working with Tenley Megan Amerson, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

How can I reach this person?

'Carol Vivian Constable’ maintains an online presence. Just make a simple search for her name online.

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

STEPHINE KOPP MEEKS she is whom i work with look her.

I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

Thanks, I just googled her I'm really impressed with her credentials. I reached out to him since I need all the assistance I can get.

Unpopular opinion but times are tougher than they used to be in some ways. Back during the depression a man could support a household on just one income. These days? Both parents can have good incomes and still struggle better health care, inflation, child care, rent/mortgage. Things are harder now economically than they used to be *That being said,* yeah some people are definitely broke because of their own spending habits

Sounds dreadful. What is the money for?

That’s very interesting. (Certainly not “dreadful.”) Were you surprised by this result, or did you have a good sense of your spending prior to retirement?

Good for you!

When you have zero debt it is mindboggling on how little you need to live. I try to explain that to everyone I care about.

Same here. We actually paid our home off and bought reliable cars and paid them off before retirement. I have been retired for 8 years and husband for 6 and we have actually saved money because we don't have a lot of expenses. As to those who think we should not be saving...For one thing, I can't think of much I want and if I do, want something I buy it. For another, your home even if paid for, always has maintenance issue to deal with. For example, just last week we had to replace our water heater. Last year a new frig. That never ends. Eventually wewill have to pay someone to do lawn care and home maintenance that we currently do, etc. When that happens, we will have the money to do it.

People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

I fully agree. At 66, recently retired with about $800k in external retirement funds, I'm debt-free. My retirement funds have significantly grown in the past three years, thanks in part to a financial advisor. Having one is crucial, particularly for those nearing retirement, making it the best way to navigate the stock market.

@@mariaguerrero08 This is exactly how i wish to get my finances coordinated ahead or retirement. Can you recommend the financial advisor you used to get ahead?

CAMILLE ALICIA GARCIA maintains an online presence. just make a simple search for her name online.

I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

👍

BRAVO. We are not descended from meek and weak ancestors. YOu did it! You are surviving well.

Very true. I am retiring in Colombia.

Best wishes to you 👍

In retirement if you don't have children, is there any point in owning a house with all the worries that come with that, maybe it's best to cash in your chips and rent.

no time to look back! avoid unnecessary spendings, you can move to wealth by increasing your investments and as far as i'm concerned, advisors are ideal reps for the job

Right, using an invt-advisor is ideal especially for near retirees and newbies that barely understand how the mkt works, my portfolio used to be up and down like a seesaw, not until I hired an advisor around March2020 amidst the lockdown. This is how I've been able to scale up tremendous 7figures in ROl, after subsequent investment as of today

who is the professional guiding you?

Mrs Marisol Cordova is the Consultant in charge of my portfolio. With over three decades of service, she's earned a reputation and internet awareness, so finding basic information should be simple.

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

No truer words were ever spoken

Here are some truer words, schmidt, mon ami. Don't be selfish by engaging with yourself. Engage the next generation.

​@@DrSchor Retirement time is our time to live. If one can help others, fine. But this is our time.

I am living on nothing but Social Security, and my check is less than what I've been told is the average. I don't pay for Medicare, because I made sure to get out of the US before my 65th birthday. I get much cheaper healthcare where I am. I live in a comfortable flat, within walking distance of everything I need. Also, it's near a beach and several amazing hiking places. I can take a bus, for free, to anywhere else I want to go. So I don't need a car. I have never lived so well before. Freedom is everything. Get it as soon as you can.

@@tinabraxton4906 OK, just don't try to come back into the country and get healthcare. No one will insure you and you will have to pay your own medical expenses.

Thank You 😊 this comment is helpful

Too kind

Same. Our financial advisor planned for us to have 75K a year in retirement and we find we only spend 15K. We have no debt and the stuff we enjoy doing is free. We moved to a smaller house so don't need anything.

Excellent news. I’m 10 years from retirement and this is good to hear since I’m already getting worried. 😱

Thanks for the suggestion

Yea please! We are DINKS both have great jobs and will have our home paid off. Thanks!

Childless singles please.

Yes please

There’s a lot more of us singles than there used to be.

Nice one

I had friends just retired to Mexico, the big place on Mexico west coast that the Love Boat used to stop at

yeah, in Colorado, property taxes are doubling, County raise the value of my house $175,000, i fought back, they wanted to raise it $250,000... and the State of Colorado wants County's to raise property taxes, are County by 49% next year, are insurance $2,220 more a year, last month, with the Lawyers and Roofers doing this rip off now, that's why Insurance Company's are leaving some States... talked to one guy about it, while trimming my tree, his In-laws are selling there house for those reason, and of course, those things rising, lower the value of house... wanted to sell, when prices were ridiculous the year before, but the wife didn't want to, she is still working, and she wished she would have retried before, now, when we could have gotten a lot more for the house... so i figured we lost about a $100,000 or more, when we sell in a year or so... and move next to the kids... Timing!!!

But you are living in Mexico. I hope you are fluent in Spanish.

@@jameshardin4895sadly, Colorado has been Califorincated by the California exodus.

While the current market offers short-term profit potential, it's crucial to note that executing such a strategy requires expertise and skill.

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

NICOLE DESIREE SIMON is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

Thanks Jeff

Take it slow and steady

I started out with a financial advisor called *"Rochelle Dungca Schreiber"*. Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor..

This comment thread is highly suspect. This looks more like market (or worse) folks

These strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

I’ve been on both end of the spectrum, I was lnvesting on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfoIio-advisor for guidance, It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.

@@africanboi4542 Interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?

@@anniezeng4587 Mrs Marisol Cordova is my portfolio-coach, I found her on Bloomberg where she was featured and at once, looked up her name on the web.Thankfully, I came across her site and reached out to her.

@@africanboi4542 Thanks, I found her page immediately I researched, I read through her resume and seems pretty interesting, I just reached out to her

Portugal seems to be very popular; nice people, I found.

one of the more economical countries to visit in Europe. Spain is awesome, as well.

I love this. Most people move to Latin America so this is very interesting.

You are very welcome

I, too, think the 4% rule is still a good guideline...

You will work longer than you have to

I'm going with 3% as a general rule, but I'm highly risk averse.

What's the problem ,start spending on yourself, you've already given your kids too much,unless that's what you want to do..its on you

Thanks James

Yes, and you can finally take advantage of specials when they are offered during off season.

Not retired and i already do this. Im doomed as there seems to be nothing to cut. Food maybe? 😅

Hi what state did you move to

@@maricarmenmendez593 Yucatán. I love it here!

@@MJA5 Such a rude comment. Yes, I have Mexican friends and I speak the language. I feel very much a part of the community. They definitely have a constitution.

I retired from Florida to Mexico 4 months ago. Same scenario, but I’m going to rent the first year until I pick my perfect neighborhood to buy in. Absolutely love it!!

@@MJA5 Thank goodness it’s not for everyone. You especially.

Thanks for the comment skippy

Take some vitamins and cut out carbs.

At 73 I am all still all go-go 😊. Find out what is wrong. Fix it and live.

@@HolySchmidt You're welcome.

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

@@derrickholfman2 this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

I've shuffled through a few advisors in the past, but settled with “Vivian Carol Gioia” her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.

@@derrickholfman2 very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified

Sounds perfect

I, too, am a single woman, and I can relate to your fears. BUT I retired early when I realized how miserable I was at my job with new administration (had loved it for 20 years), had an ill mother and a child who potentially needed help. Three years later, absolutely NO regrets. I realize every day how wonderful it is to have complete control of my time. I am wealthy by some measures, not by others; I can say I have always lived modestly and have no plans to change, owe no one, and am confident that barring a catastrophe that affects everyone, I will be able to live comfortably until my death. If you have not talked with a financial professional, that might be reassuring for you. Life is too short to spend all of it working! You have fought the good fight; now it is time to enjoy the benefits. I encourage you to not allow fear to make this decision. You can do it!

QUIT! You don’t want your “retirement” to be the ambulance ride to the hospital……..!!!!!!

If the work is stress free continue till you are absolutely ready to retire. Sounds like you do telework, working from home can’t be stressful.

Don’t be scared. Do it and enjoy. You will wish you did it ten years ago!

Spend a few of your bucks on therapy.

I’d appreciate that topic too. I’m a widowed single woman raising my grandson since he was born, alone. He’s 6, I’m 69. I’ve adopted him. I retired from Nursing when he started kindergarten. For now, we’re able to live on Social Security, but I have to stretch my dollars. I do have a tiny pension from my late husband that I get monthly which also has health insurance with it that is my supplement to Medicare and covers me 100%. However, neither Medicare, nor my late husbands health insurance will cover my child. I have a little in investments, I started saving late so there’s not that much there, but it’s invested. Right now I’m not touching my investment money. When I finally do I’m going to use it for little quarterly “bonuses” for things like some local trips. I did my “ big” travel ( Europe, etc..) when I was young, and have no desire to go back to those places. If you are not retired yet there are a couple things you can do to prepare: First, build your investments as much as you can. Now is a good time to buy into the market as the market is down so it’s like everything is on sale. Learn for yourself, don’t just hand your money over to someone else. Next look on th Social Security website and see what your proposed monthly amount is. This will give you an idea of how much SS will help. If the amount is low. Then make these last earning years some of the best in your career to raise that monthly amount up. Social Security uses a formula to determine your monthly amount based on your 35 Best earning years. If these last earning years are better than earlier years those lower earning years drop out of the equation. Next, go over your budget and expenses, trim everything possible off it. Doing this now will help you find money to save. Become an expert in frugality. Watch ever You Tube video read every book you can find on it and implement what you can. Next what kind of supplemental income can your child get? SSI? Find out and maximize it. Can your child qualify for other things? State health care? Food stamps? Take advantage of those things. Next, how is the cost of living in your area? Can you move to someplace with a better cost of living during retirement? (Moving is my next step) Keep written records of budgets, savings, expenses, proposed places to move to. Make a written plan. That’s a start. My plan also takes into consideration my developmentally challenged daughter who will, eventually, probably, move back in with us. Best of luck.

Get long term care insurance

You are welcome

Do you have a 401k? you should contribute to your retirement diligently, or better still look into financial planning

Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 50 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an advisor to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.

this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?

I’ve shuffled through a few experts in the past, but settled with ‘LOREN LENA WALKER’. The strategy they use is recession-proof, more specifically profit-oriented, and most likely, you'd find her basic info on the net, she's a renowned advisor.

thanks for info! curiously copied and pasted her full name on my browser, spotted her page easily, she actually looks very distinguished

These high pensions mentioned in the thread blow my mind. I have a good salary, but I will be lucky if I walk away with 2,200 per month.

A financial advisor can help you properly estimate your retirement income. It's really difficult to get into the stock market that I would have suggested as a mere investor and understand how profitable stocks work.

I stopped listening and taking financial advise from these KZfaqrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice to take advantage and make profits.

I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance.

This reference seems valid.. Just looked up her full name on my browser and found her site without sweat, over 23 years of experience is certainly striking! very much appreciate it

Clip coupons, seriously live a cheap high quality life

Stocks are pretty unstable, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks|couple months, so I think there are alot of wealth transfer if you know where to look.

Nice work!

My pleasure

I found that I don’t buy anything except food once retired. No longer interested. I even sold, & donated most of my clothes, jewelry, and handbags.

more like a huge mistake than huge awakening. better look for the rest of your mistakes before you have another awakening.

Jonathan: Depending on your age, you could be looking at a 30 year retirement. Even in retirement you should continue to save a percentage of your "income." Not the amount you saved before retirement, but some savings. One man's opinion.

Thanks fish

You can always sell and move to something more economical.

wass there a question here?

Thank you for sharing Mary Ann. It helps others to see that it's possible to have a good retirement on $4,000. There are people doing it on $2,000 and still take trips & cruises and owns a house. Many Finanical companies wants people to believe that you need so much more money and it may be true if you are the type of person who has expensive taste & wants.

Wow, you are getting more than I was when I was working! Bravo and enjoy!

Is $2500 from SS?

@@kristinab1078 yes

Our income tax rate went down to 12% ‼️ I don’t worry about state taxes at all, no need to run to a no tax state.