How are you planning for retirement at this point in life?

[Helico-pterFunk]

One-third of B.C. workers earn below 'living wage,' report shows

The minimum wage is set to hit $17.40 per hour in B.C. but hundreds of thousands of B.C. workers continue to find themselves under financial stress with relatively low unlivable wages.

www.nsnews.com

 

[Helico-pterFunk]

https://www.cnbc.com/2024/05/29/this-retirement-planning-gap-is-hidden-in-plain-sight.html

 

[Helico-pterFunk]

https://www.cnbc.com/2024/04/19/self-made-millionaire-who-retired-at-35-shares-biggest-money-regret.html

https://www.cnbc.com/2024/05/29/gen-z-retirement-super-savers.html

https://www.cnbc.com/2022/12/06/millennial-earns-6500-dollars-per-month-in-passive-income-plans-to-retire-early.html

 

[MCP]

I do have a private pension as well as a employer pension until I retire at 67

These two as well as a state pension (UK), I should be well enough to manage my later years in life.

 

[Helico-pterFunk]

93% of Americans Are Worried About Inflation. How Rising Prices Are Changing How We Spend and Save

Purchasing a home or car is out of the cards for now.

www.cnet.com

 

[Helico-pterFunk]

https://www.cnbc.com/2024/05/28/why-people-dont-wait-to-claim-social-security-and-what-experts-say.html

 

[Helico-pterFunk]

https://www.cnbc.com/2024/05/31/mega-backdoor-roth-conversions.html

https://www.cnbc.com/2024/05/29/why-student-loan-debt-may-prevent-retirement-security-for-older-workers.html

 

[Helico-pterFunk]

The last day: Journalist Charley Locke examines the ritual of retirement - The Sunday Long Read

When Charley Locke embarked on a recent story about retirement for The New York Times Magazine, she found a fractured process that looks different for seemingly every American.

sundaylongread.com

 

[Madrox]

 

[Helico-pterFunk]

Money Talk: Is it wise to have all your accounts under one roof?

A reader is setting up accounts post-divorce and wondering if it is "safe" or advisable to have accounts — IRAs, 401(k), cash management — with the same institution?

www.latimes.com

 

[MCP]

It's never too late to start investing.

 

[HotNixon36]

It's never too late to start investing.

That is true...

Time value of money matters, get in when you can, but you gotta get in.

 

[Helico-pterFunk]

https://www.marketwatch.com/story/im-divorcing-after-a-lot-of-heartache-should-i-suggest-my-husband-keep-his-200-000-401-k-so-i-can-take-our-360-000-house-40b65ac4

https://www.marketwatch.com/picks/im-78-i-told-my-financial-adviser-no-more-annuities-they-put-me-in-them-anyway-and-will-charge-a-25-penalty-if-i-withdraw-more-than-6k-a-year-now-what-631c2524

 

[MCP]

I only started investing in my 40s. Started with 5% of my monthly salary and gradually increased it to 20%

Arranged to have a direct debit, so that this money is taken straight away from my account on payday. If you haven't started yet, please think about doing so. I'm hoping to have a nice retirement with a nice balance tucked away to enjoy it.

 

[HellBoy]

I only started investing in my 40s. Started with 5% of my monthly salary and gradually increased it to 20%

Arranged to have a direct debit, so that this money is taken straight away from my account on payday. If you haven't started yet, please think about doing so. I'm hoping to have a nice retirement with a nice balance tucked away to enjoy it.

How are you distributing it? Etfs, stock portfolio, individual companies?

 

[MCP]

How are you distributing it? Etfs, stock portfolio, individual companies?

I am currently investing theough Vanguard UK and investing in a mixture of ETF and Target retirement funds

 

[Madrox]

5 Hidden Costs of Fee-Only Advisors

Fee-only financial advisors are fiduciaries. They must make recommendations that are in your best interest. Yet those fee-only advisors who charge a percentage of the assets they manage for you are not conflict-free. In fact, the fee arrangement creates 5 hidden costs that you should be aware of before hiring an advisor.

We'll also talk about a better alternative to a percentage of AUM arrangements.

 

[Chiyo]

I only started investing in my 40s. Started with 5% of my monthly salary and gradually increased it to 20%

Arranged to have a direct debit, so that this money is taken straight away from my account on payday. If you haven't started yet, please think about doing so. I'm hoping to have a nice retirement with a nice balance tucked away to enjoy it.

That Russian money came up clutch for you later in life.

 

[COINTELPRO]

I would completely revamp the retirement system (401k and Social Security), it is horrible. You can tell it is something a lawyer came up with.

One of the ways to raise wages is having a robust retirement that is effective. The private sector wants you living paycheck to paycheck; unable to retire so they have a huge labor pool available to them

 

[MCP]

That Russian money came up clutch for you later in life.

You really think you're funny.

 

[Madrox]

How many investments should we hold in our retirement and taxable accounts? This video will start with a diversified portfolio using just one mutual fund. Then, we'll look at five reasons we might want to complicate the portfolio, at least a little bit.

 

[daking181]

Making sure my girl finishes nurses school (next year) so she can work for 3 day and than a 2 day gig doing some easy nursing work.

 

[Helico-pterFunk]

Making sure my girl finishes nurses school (next year) so she can work for 3 day and than a 2 day gig doing some easy nursing work.

Honest work and great pay. She’s a keeper!

 

[Helico-pterFunk]

https://www.cnbc.com/2024/06/10/great-wealth-transfer-or-retirement-savings-crisis-it-can-be-both.html

 

[Helico-pterFunk]

Six Strategies for Retiring on a Fixed Income

When your paychecks quit rolling in, will you be OK? Run through this pre-retirement checklist to see how ready you really are for life on a fixed income.

www.kiplinger.com

 

[Studio718]

It involves leaving the US and seriously farm some land and raise cash crops. Working farming retirement for me. Somewhere on the African continent would be ideal. Central/South America is a second choice.

Look into my home Suriname if you want a simple farm life.
Once you build ya house/get a reliable car or truck you basically need $400 a month to live comfortable.

 

[Helico-pterFunk]

https://www.fastcompany.com/91139988/the-3-key-money-moves-to-make-during-your-peak-earning-years

 

[Helico-pterFunk]

These Numbers Will Convince Your Teen to Start Saving for Retirement

Unlock the power of compound interest for your teenager's future. Learn how summer jobs can kickstart a lifetime of financial security—your teen could be set for retirement by investing just a portion of their very first paycheck.

lifehacker.com

 

[Madrox]

How Much Cash Should You Hold in Retirement?

Many things change when we retire. There’s the obvious change–we stop working. And there’s a less obvious change–how we approach cash.

Before retirement, we might have an emergency fund of three to six months’ worth of living expenses. After retirement, we need cash for so much more. The ideal cash reserve depends on individual circumstances, including income stability, potential emergencies, and comfort level during market volatility.

In this video, I’ll walk through the seven main reasons retirees hold cash. For each, we’ll look at how much cash one should have for each reason and the type of account best suited to hold the cash.

 

[Madrox]

Morningstar’s take on Vanguard’s new CEO, fee increases, and more.

00:00 Introduction
00:22 Vanguard’s New CEO
02:57 What Challenges Will Vanguard’s New CEO Face?
04:46 What Flows Should Vanguard Investors Be Aware Of?
07:50 What Vanguard’s Fee Hikes Mean for Investors
09:47 Best Vanguard Funds in 2024
11:05 Which Vanguard Investments Are Underperforming?
12:10 Vanguard’s New Active Bond ETFs
14:17 Will There Be Any Other New Fund Launches in 2024?
15:00 Changes to Vanguard Funds’ Morningstar Medalist Ratings

Determining how many retirement buckets are enough.

00:00 Introduction
00:33 What Are the Three Buckets of Retirement?
01:50 Do Retirees Need a Fourth Bucket in Their Retirement Bucket Strategy?
03:15 Is a Discretionary Bucket Right for Your Retirement Portfolio?
04:53 Tax Considerations for Retirement Buckets

 

[Helico-pterFunk]

How to Help Your Parents Afford Retirement Without Going Broke Yourself

If your parents just told you that they’re relying on you to fund their retirement, here’s how to help them out while avoiding going broke yourself.

lifehacker.com

The Best Retirement Accounts for People Who Are Self-Employed

When you're self-employed, saving for retirement is entirely up to you—there's no employer-sponsored 401(k) plan to rely on. This can make retirement planning more challenging, but there are several retirement account options available specifically for the self-employed. With some discipline and...

lifehacker.com

 

[Helico-pterFunk]

The Best Retirement Accounts for People Who Are Self-Employed

When you're self-employed, saving for retirement is entirely up to you—there's no employer-sponsored 401(k) plan to rely on. This can make retirement planning more challenging, but there are several retirement account options available specifically for the self-employed. With some discipline and...

lifehacker.com

Why You Should Open a 401(k) at a Short-Term Job

You should always consider contributing to a 401(k) at a job, even if you know your tenure at that job is going to be brief.

lifehacker.com