Shocking Truth: 80% of Retirees Are Struggling Financially!
👉 FREE Training with Andy Tanner:
80% of households with older adults are financially struggling or at risk of falling into economic insecurity in America. Find out how to take control of investments and financial education rather than relying on solutions provided by the government. Discussions include the shortcomings of traditional retirement systems like 401ks, the critical need for building assets, and leveraging investment strategies. Hear insights on real estate, stocks, and the power of dynastic education for generational wealth.
00:00 Introduction and Host Welcome
00:25 Big Financial Problems and Retirement
01:24 Guest Introductions
02:45 The 80% Retirement Crisis
07:04 Political Climate and Personal Responsibility
12:45 Solutions and Financial Education
24:53 The Simplicity of Real Estate Investment
25:41 The Power of Asset Ownership
29:14 Learning from Mistakes: The Warren Buffett Way
29:49 The Flaws of the 401k System
33:18 Dynastic Financial Education
35:35 The Problem with Reverse Mortgages
39:28 The Importance of Leverage and Compounding
42:41 Taking Action and Competing
47:56 Final Thoughts and Call to Action
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
If they offer a match it’s free money. Take the free money. Nothing wrong with doing all of that too in addition to a bit of 401k
@SkylerF “free money” with a company match is not true. First of all, it is typically vested over 5 years, so unless you stay employed there for the 5yrs, you don’t get it all. Second, it is at risk of losing value, and, most importantly, third, even a modest fee and commission structure may completely wipeout the matched dollars. Watch a video from Truth Concepts titled Qualified Plans to see how this works.
401k invested in the sandp500 has done extremely well historically. that doesn’t mean it will do well in the future but this video has no merit. the numbers and data are openly available.
80% of retirees probably didn’t even contribute to 401k.
Trying to learn more about this stuff. Just bough more of Robert’s books after listening to RDPD & Trump’s Art of Deal. Doing as well as I could’ve hoped as self employed, but realizing I’m at the limit of my pitential there and its still a long difficult path, and possibly not enough, if i work till i die at that. Hoping to be reach that dream for my kids. Good luck to all of you too.
Where can I buy a new copy of 401kaos?
if they are struggling its mainly their own fault. thye had whole life to build their financial fortress
There is a huge lag between when rate cuts are implemented and the effects are actually felt. Not only that, but rate cuts themselves always happen based on lagging indicators, such as unemployment (unemployment data always lags hiring data since businesses stop hiring before they start firing). This is why rate cuts have almost never successfully prevented a recession. We saw it in ’08. The yield curve uninverted, the fed cut rates, the markets surged for a bit based on false hope and reality set in soon after as the bad unemployment data caught up to the bad hiring data and it was armageddon from there. Anyone feeling the impact of these economic shifts should consider Crypto long-term trading strategies to protect their assets. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 720k from day trading with Kerrie Farrell’s in few weeks, this is one of the best medium to backup your assets incase it goes bearish…
As a beginner, it’s essential for you to have a mentor to keep you accountable.
Kerrie Farrell program is widely available online..
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I’m speaking from experience..
The fact that i got to learn and earn from her program is everything to me think about it, it’s a win win for both ways..
On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand..
Your disagreement about addressing the issues systematically vs. the individual being responsible… you’re both right. The individual absolutely should not rely on the gov to ensure their financial security. While at the same time, those who have and who seek the power should do everything possible to address the systemic issues that that will help the individual.
IMO, politicians say one thing while campaigning to get votes, then only take care of their donors once they hold office, while the average individual citizen invests too much in what politicians say vs what they do.