What If You Can't Save Enough For Retirement

What if you can't save enough for retirement? Also, a behind-the-scenes look at Dustin's hidden room. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money.

#retirement #retirementplanning #dohstr8
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[YinusaSaheed]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[CA]

Your bedroom and closet is about same Sqft as my whole first floor. 5-6, 000 Sqft home is my guess.

[KeeptheChange]

Love everything about that house smooth clean modern look.

[lostboi]

Retirement spending cycles:
1. The Gogo years
2. The slow go years
3. The No go years.
4. 💀

[aarondesha]

This was a great video! Cant wait to talk with Eric about these strategies.

[dustindodge]

"my wife said don't look at that" - classic haha!

[hsax]

The house looks good !! Wow

Can’t believe you posted the hidden room on youtube lol

[GainesMediaInc]

Dustin, can you do a Jazz After Dark, or a primary vid, on what causes a company to join or drop out of the S&P 500?

[stuartclubb]

They are not saving enough, nor planning to. 5% is not enough, even with a generous 100% match. No need to tweak gain assumptions or investment composition. Just put 15% tax deferred (if in a state that has a material income tax) and call it good.

[ChrisSain]

You did an awesome job on your house. #VeryNice

[kjfacilities-maint]

You did a lot of work on that house, looks nice.

[brucesmith]

Ha ha not a secret room anymore, thanks Dustin.

[Bwanar]

Another option is to cut back for a couple years so you have more to invest now, or get a side/second job to boost your saving, so you don't have to worry about your retirement. Aim high, Miss high!

[billyrayband]

You are going to have some of your funds in cash, which pulls the number down. At start of retirement, I would have 15% in cash, 25% in conservative, 35% in mid growth, and 25% in S&P 500. I also think say the last 5 years you are working, cash flow should allow you to double down on savings (kids gone, etc.). Adds a little bump to nest egg at finish line..

[johngill]

Yes you could possibly taper off your spending but you could also increase your spending when you get older. Sometimes your health gets in the way of a plan of you spending money as you get older.
It could even be simple things like cutting your grass and having to pay somebody or it could be more complex like you need someone to change your diapers.

But assuming you'll spend less might be the wrong assumption.