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

Amyr Rocha Lima delves into the essence of retirement planning, challenging you to define what 'the good life' means to you and find out how much money you need to achieve it. With a mix of personal anecdotes and practical strategies, this talk empowers you to clarify your values, goals, and priorities — so that you can be intentional about creating your financial future.

[shellylofgren]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[BrewerVera]

I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.

[AdinaTaylor-hi]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[DonaldMark-nese]

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.

[austinbar]

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.

[WilliamsJones-jxce]

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..

[Scottlong]

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.

[miltonclar]

Recently, I've been pondering retirement. I've also want to put $300K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future

[viniciusantonio]

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

[carter]

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?

[Riggsnic_co]

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.

[facelune]

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.

[NicholasBall]

My original retirement plan was to retire at 62, 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.

[micheal_mills]

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.

[kortyEdna]

I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.

[diane.moore-]

I think the people that should be worried are those of us who are retiring with less than a million. I have only 650k in my Roth and I don't know how to grow it.

[tatianastarcic]

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

[craigfoulkes]

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

[financialrevolution]

I've been circling around the idea of retirement planning without really knowing how to approach it or how much I actually need to save for a comfortable life later on. Your discussion on balancing sufficiency with excess has given me a clearer vision on what 'enough' might look like for me. Thank you!

[karmasutra]

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