You Will Never Retire, Here's Why... - How Money Works

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Recent reports have found that less than 30% of American workers are on track to retire at all, and even fewer think they will have a comfortable retirement and they might be right.

I know you didn’t want to hear this, but there are a few BIG factors at play in the world today that are going to act to keep most younger generations in the workforce indefinitely.

This is all before considering the major hiccup that the covid 19 pandemic has been.

A global event that has actually worked to widen the gap between younger generations with fewer assets and more precarious employment, versus older generations which tend to be more secure.

Now you might think you are different, you contribute to your 401k, save diligently, subscribe to How Money Works and even invest regularly into the stock market.

Well that’s all great, but I might still have some bad news for you.

There are lot’s of issues at play here… Housing, the stock market and a series of broader economic conditions which might threaten the general assumptions we make about indefinite growth.

So it’s time to learn how money work’s to find out why we will all be on that grind until we are 120 years old.

#Retirement #Investing #HowMoneyWorks

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[SuperlativeCG]

It's important to work hard your whole life so that when you retire you can afford the treatment to deal with the mental and physical pain caused by a lifetime of hard work

[superchargedpetrolhead]

You won't have to worry about retirement, if you don't live until the retirement age - Gen Z probably

[vincem]

The prospect of working 40-50 years of my life just to “retire” when I’m old has always been very depressing to me.

[Debbie.Burton]

My $2m retirement account has gone up only by 2% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 22 years of working hard.

[mrt]

Bought a flat in 95 for 20k$ its worth 560k$ now. These types of apartments were meant for people with a low income.

[IDFK]

retirement is easy is you just cut out unnecessary expenditures like food, clothing, rent, vacation, and sleep!

[HugoBergmann-lund]

Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

[ChristopherAbelman]

I’d be retiring or working less in 10 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.

[CrystalJoy-]

I've been diligently working, saving, and investing towards financial freedom and early retirement. However, the economy's downturn since the pandemic has significantly eroded my portfolio. My question now is: Should I continue contributing to my portfolio in these unstable markets, or should I explore alternative sectors?

[tybarker]

Ah, another episode of “your life is fucked so don’t even bother”

[SCOTTDisick-ycx]

I have been self managing my portfolio for the past 5 years and currently with $150k asset under management I have underperformed for the past 2 years and this has got me worried. Are there anyways to turn this around as I am closing in on retirement.

[Raymondjohn]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[tiagodagostini]

Of course you can retire. Your retirement plan just need to have enough bacon to reduce your life expectancy to under 55

[trancepeirce]

The Asian retirement plan is to 1: have a kid, 2: quit job to watch your grandchildren.

[PatrickLloyd-]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[Zones]

Millennials: working till they drop dead
GenZ: working even after death

[elinowk]

According to the New York Times, the average savings of a couple reaching retirement is $110k I’m closing in on my retirement and I’m under pressure to grow my reserve of $330k, despite the fact the capital gains you can make on growth stocks far outweigh dividend yields, and even in downtrends folks still pull off 6-7figures gains in months. surely the risk is much greater, but I’d love to know how.

[jerrycampbell-utyf]

I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement

[RobertBrown..]

Great Video. I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

[StellarStarryNight]

The way things are going, once i get so old no one will hire me or I can no longer physically or mentally work, my retirement plan is a nice nap on some railroad tracks.