Do you have enough saved for retirement? | Amyr Rocha Lima | TEDxKingstonUponThames

I just turned 44 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I'm getting worried about retirement, my intention is to retire at
55. How best do I maximize my savings of over $220k

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

I know that another great financial advisor will pop out in comments to save people in desperate need for help. 😂😂😂😂. Please think again and do your homework before make your decision

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

I’m worried about retirement planning and I want to ensure a comfortable future. I’ve worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I’m really concerned about whether I’ve saved enough and invested wisely.

If there was a Ted talk to attend live, this is the one. Been making bigger financial planning towards retirement past few years and getting above track now instead of being behind the 8 ball based on my age.

I will forever be indebt to you I will continue to preach about your name to the whole world to know you have saved me from a very huge financial debt which just little investment thanks so much Dorathy Walters

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

I was homeless, got into drug's went to prison came out and Heaven came through for me in my finances making $50,000 in 2months in forex bought my first house last week and I'm can't be more proud that I'm right now, God is absolutely done more than enough

I have to say that he has such a brilliant presentaton skill

To attain upper-class wealth, a wise individual knows that building financial success requires smart investments, strategic tax planning, and informed decision-making. While the stock market offers tremendous growth potential, navigating it effectively demands skill and expertise.

Welll. That meant nothing

High prices for everything have severely affected my plan of retiring. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

I retired at 43 then returned at 50 to a career I loved. Still working to 67. Will travel some now but still fill in at work for a few months a year.

Anyone here advocates bitcoin ?

Does anyone seriously listen to these tedx things any more?

Financial books have been so helpful. my wife and I are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early, even till now we earn weekly.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

This TED talk was nothing but a commercial for financial advisors. Useless.

So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

Dude. I am 61 and i work for my own cctv company , i save only $2,000 for myself and my wife .. I live in Ghana so i earn locally . I plan to continue working till i drop. Not the whole world live in London or Berlin. This is not for anyone outside of the western world.

There is no one size fits all answer

rule of 375

£3500 a month is more than I earn now 😂😂

People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.

The high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases.

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. He was only 55 at the time.

Study Bitcoin. No one is coming to save you.

My wife and I are 29. We’ve got over $130k in our Roth IRA’s plus I’m giving to a Roth 457. I’m also going to get a pension at 54 covering 60% of my salary. Really hoping for a great retirement!

I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I’m just here for ideas

Well, the exercise is valid to determine who is financially aware, but in no way can determine who is already financially independent.

Rule of 375: Take your monthly spending ($3500) and multiply by 375. This will tell you how much you need to save for retirement ($1,312,500).

I’ve put in the hours learning about trading, but the ups and downs make it hard to stay consistent. My goal is to grow a strong retirement funds any tips on how to trade profitably?

I am at the beginning of my "investment journey", planning to put 385k into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.

Retired for 10 years now, and I’ll tell you this—Social Security can’t do all the heavy lifting. Put your money to work now. Savings are good, but they’re not enough. If you have a pension, consider taking the lump sum and making strategic investments. Also, only about one-third of future retirees will even have a pension. Look at how many pensions have been taken over by the PBGC and the replacement rate for those whose pensions failed. Plan wisely.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.....

Generating wealth is important, but protecting your capital is even more essential. Once lost, rebuilding financial stability becomes significantly more challenging. It's the difference between "missing an opportunity" and "losing everything" while new chances will always arise, losing your capital could bring your journey to an abrupt halt.

This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

Most people do mot have enough income to pay mortgage and bills and still have enough money to put into a pension. I put 10% of my salary into my pension and that will be barley enough to survive when I retire. I cant put more because then I wont have money to eat and put heating on. With current salaries and prices the average person cannot put aside enough for a comfortable retirement.

It is important to explore healthcare plans, as your medical expenses will likely increase as you age.

Great video! what’s a Realistic Retirement Budget? I’m 62 With $890k in a 401(k), $115k in a Roth IRA and I’m Eligible for Social Security.

This is one of the worst TED talks I’ve ever seen. This bloviating toad should go back to working at his local bank branch.

Retirement can be rewarding when you have this two key components: a solid financial foundation and secondly, a clear sense of purpose. Making strong investment decisions is crucial in achieving strong returns in order to enjoy a secure retirement.

It’s tough and full of uncertainty. Try to enjoy what you’re doing as you go because you are likely going to need to work more than you thought, which is not a problem if you like it. With all his wizardry, he makes no mention of this, merely assuming you can stop working or that that is the goal. Ultimately, having the money, and still wanting to, but not having to work, seems like the dream. Stay curious.

A financially secure retirement starts with making a plan now.

I'm convinced that investing $50k-100k in the right company before it goes big is better than just saving for retirement. But since picking the right company is hard, saving might be safer—who would’ve guessed NVIDIA? I have $200k in a HYSA and want to invest. What are the best opportunities now?

My original retirement plan was to retire at 70, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

There is a simpler plan. Spend within your salary for 20+ years. Have assets that generate 3x your final drawn income. Mine is real estate. So my rental income is inflation/index-linked to eternity. And yes - it does generate more than 3x my final drawn salary as a director/administrator at age 54. Now 61.