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

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.

The new American Dream = Work 2 Jobs and live in a Van/Car! Electricity bills doubled , food prices doubled , prices of homes tripled, with wages stagnant. I fear that I might never be able to have a home or even savings for retirement with the look of things.

Accumulating money when in service could seem challenging, but surviving after active service without accumulating enough money is definitely more challenging. You will struggle to meet basic needs. Retirement choices determines a lot of things. My uncle and his wife spent over 20 in the civil service, his wife was investing through a wealth manager while my uncle through a 401(k). I think his wife is standing at the fruitful end of ritirement..

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.

People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?

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 knew he was making more than 10k returns from his investment monthly and it was completely passive.

I'm curious, for someone with around $50,000 to invest, how would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. What's your take on this approach?

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

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.

As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.

My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $100,000 to invest. Where are you investing it?

From experience, the hardest part of building up the million is the first 100k. Once you get to the first 100k, each subsequent 100k is much easier and faster because of the compounding effect. The way I got to the 100k was to break it up into 5 years and set myself a goal to save 20k each year. To many even that may be difficult, but it is doable if you are on a reasonable income and are willing to cut back on luxuries for five years.

To have a comfortable, secure and fun retirement, you need to build the financial cushion that will fund it all.

I got the goldon ticket (the state pension) 12 years ago. It is not much around $900 a month but it is all I and my family need. I also have a cash cusion of $60 K, some land , no debt and a cheap home. I have a simple life with no wories. How is that possible I hear you ask. Easy I live in a third world country.

The only retirement I'm going to get is retiring to my room for the night so I can get up early for work the next day

The 375 ignores the state pension, so you need less. Also factor for a 25% drop in expenses after 75. So this reduces what you need to save. How much do you need to pass on to children, if not much then you can eat into the capital and so reducing the amount needed to save. A good message that you need to save and in the most tax efficient way. But the figures quoted are excessive in my opinion. He is a finance person who will make a percentage on what you save so it's in his interest to get you to save more. I'm not saying don't save well into a pension but look deeper into this field to get a more realistic figure

The first real step is reach FI. Not necessarily retire, but knowing that at any given time you can. Every penny saved then can buy the extras, or you can trade these extra for extra time. More importantly your working attitude will change drastically. If you work because you choose to, you will likely live a much better life

The general message is good. However the one piece I would add is educate yourself and manage your investment strategy, tax efficiency etc. you will save a lot in fees and feel much more in control of your own destiny.

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

I amassed a certain amount and I retired fully at 40. I don't have a ton, but enough to work with. Now at 51 I have seen the world and looking to downsize my house to a smaller townhouse or condo and enjoy what is left :) I roughly looked at my numbers but I handle my own finances and have done pretty okay. So not stressing about it too much. It is what is it :) . I don't have a pension, just some savings, a property and wherever SS ends up giving me