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Retirement Plans: Last Week Tonight with John Oliver (HBO)
 
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Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 9550649 LastWeekTonight
American Funds Retirement - Best American Funds Retirement Planning Review
 
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American Funds Retirement – Top American Funds Retirement Planning Reviews 1-800-566-1002 http://www.RetireSharp.com . American funds retirement plans mainly consist of 401k, 403b, and IRA accounts. Understand the risks involved with these type of account and learn the strategies on how to leverage your existing American funds retirement plan to produce a stress-free retirement. Avoid the most common mistakes and become educated now! American Funds Retirement Center - Is It the Best Plan for You? Of all the plans that are available in the market today I think the most popular is the 401(k) plan. This is because of its popularity and its flexibility when it comes to retirement plans. Not just that but also because of the way Americans handles their clients and most especially the funds that are in. When it comes to funds the most popular there is especially when you are on the American soil is the American Funds. This group offers a great type of funding that is well suited to all family types around. American Funds are known also because of its style and its excellent funds that have been proven by some throughout the years. Shortly speaking they have what it takes for you to become what you want in the future. The main reason why they become as one of the trusted companies in the U.S. is because of their specialized management or research group that aims to deliver the best services they can offer to their clients. American Funds-The Secret Sauce For 401(k) Plans? Many registered reps selling 401(k) plans in the small to mid-sized market would have you believe this. To be clear, I have enormous respect and admiration for American Funds as a fund family. They offer a number of excellent funds. They have a deep management/research group. I use several of their funds in 401(k) plan line-ups and in the accounts of some of my individual clients (no-load share classes). Contrary to what these registered reps may tell you, an all American Funds lineup is not, in my opinion, a complete 401(k) solution. As a plan sponsor, if your advisor suggests going with an all American Funds line-up for your company's 401(k) plan, you should ask many questions. In the commissioned world, the American Funds represent one of the best fund families many of these reps can sell. As with other top-notch fund families such as T. Rowe Price and Vanguard, using a line-up consisting exclusively of any fund family is usually not a good idea and generally does not provide the best 401(k) line-up. This approach may be in your broker's best interests, but as a 401(k) plan sponsor you need to do what is in the best interests of the participants in your company's retirement plan. When you happened to be a plan sponsor and your advisor suggests you to have an American Funds line-up plan especially when it is a 401 (k) plan then asking questions or further clarification and advises may be an advantage. From this you will be saving your effort and your time from wasting to another form of retirement planning. It is not always good for you to have all of your line-ups in only a single provider. You have the freedom to choose depending on your comfort therefore choose what fits you right in. Please make sure to subscribe to our YouTube channel for the most updated videos. Thanks for watching! Related search terms: American funds retirement reviews American funds safe retirement American funds 401k retirement American funds retirement rollover Best American funds retirement plans https://www.youtube.com/watch?v=53fuGCzCafs
Views: 6157 retiresharp
Most Americans don't know what their retirement number is
 
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Barron's Associate Publisher Jack Otter on a survey reporting most Americans don't know how much money they will need for retirement.
Views: 900 Fox Business
Social Security America's Retirement Plan - On the Money News
 
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For Many Americans, Social Security Is Their Only Retirement Plan Social Security is America’s number-one retirement plan, and for many Americans, Social Security benefits may be the only income they’ll have during their golden years. With all the recent changes in Social Security, it may be time to review your benefits. Syndicated financial columnist and talk show host Steve Savant interviews Tom Hegna, popular platform speaker; best selling author and retirement expert. Tom hosted the PBS Television Special "Don't Worry Retire Happy." The television special was designed after Tom's latest book, "Don't Worry Retire Happy." Tom's first book, "Playchecks and Paychecks" drew critical acclaim from financial advisers and insurance professionals. Right on the Money is a weekly one hour financial talk show for consumers (www.rightonthemoneyshow.com) https://youtu.be/iZoM3N-Y6k0
Views: 865 On the Money News
Record number of Americans draining retirement accounts
 
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A record number of Americans are risking their financial futures by making early withdrawals from their retirement accounts. CBS MoneyWatch personal financial advisor Ray Martin joins "CBS This Morning: Saturday" with more on this disturbing trend.
Views: 797 CBS This Morning
Broken Eggs: The Looming Retirement Crisis in America
 
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Broken Eggs Awakens America to the Looming Retirement Crisis What was once a life ending in happily ever after is now a life ending in working ever after. If retirement feels more like a fairy tale, it is in the feature-length documentary Broken Eggs. The film takes a rare look at one of the gravest social issues facing an aging America – the grim irony that even as we live longer, a growing number of Americans are falling short of a secure and comfortable retirement. And the prognosis is even worse for future generations. “Broken Eggs blends comical animations with unforgettable portraits of everyday Americans reckoning with their inability to retire.” Social Security is 20 years short of insolvency; pensions are largely underfunded and in sharp decline; and personal savings are at historic lows. Unlike any documentary of its kind, Broken Eggs blends comical animations with unforgettable portraits of everyday Americans reckoning with their inability to retire. Audiences of every generation will leave rattled and ready to put their Nest Egg back together again. The hard-hitting documentary also features wide-ranging, high-profile interviews with economists, policy makers and financial experts, all who confront the undeniable, but often ignored facts that have put the American dream of retirement in jeopardy. Social Security is projected to be insolvent in 2033. In 1950, there were 16.5 workers for every Social Security beneficiary. Today, there are less than 3 workers paying in for each recipient. Company-sponsored pensions have been in rapid decline since the 1980s. Today, less than one out of every five private sector employees has a pension. As a group, American workers are estimated to be $6.6 TRILLION short of what they need to retire comfortably. 10,000 Baby boomers are reaching “retirement age” every day. 40 percent of Baby boomers expect to work “until they drop”. Almost half of American workers have less than $10,000 in savings. Americans who make it to age 65 today can expect to live roughly 18 years more. That’s six years longer than Americans who made it to age 65 in 1940. What the experts say… Economist Teresa Ghilarducci with The New School of Social Research has studied the savings and assets of future retirees. Her startling findings show that working Americans are actually “going backwards” – the first time since Social Security was passed in the throes of the Great Depression. “Most Americans who were middle class when they were working all their life are going to be poor or near-poor retirees,” says Ghilarducci. “We’re going to have massive downward mobility. That you’re middle class all your life, and you now find yourself to be really in a chronic state of want and distress about finances. And it gets worse as you get older.” And Social Security – what was meant to be a backstop to prevent people from falling into poverty in old age – is on the brink of insolvency by 2033, according to the program’s own administrators. Social Security is not only bankrupt, it’s bankrupting future generations, says Laurence Kotlikoff, author of The Clash of Generations and a professor of economics at Boston University. “We’re not measuring what we’re doing to our kids. We’re not talking about who’s going to pay for a different generation’s benefits,” Kotlikoff says. “Most Americans who were middle class when they were working all their life are going to be poor or near-poor retirees,” says Ghilarducci Turning America’s retirement prospects around is the chief responsibility of Mark Iwry, a senior adviser to the U.S. Treasury Secretary on retirement policy, and the country’s likely architect for retirement savings of the future. Iwry is determined to change America’s saving habits through automatic enrollments in individual retirement accounts or “auto-IRAs” for those who currently don’t have access to employer-sponsored plans. “We can make it easier still for people to save,” Iwry says, “and thereby get many more of our fellow citizens on a path to having adequate retirement security. Right now we’re not on that path. Too many people are just not saving enough.”
Views: 171233 Ubiquity
🔴 The new 2018 Social Security Numbers
 
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Social Security Document: http://bit.ly/marathonss In this week's episode, I am going to give you the 2018 earnings numbers for Social Security taxes, the COLA adjustment, and the maximum payment from Social Security. As well as some other numbers about Social Security you should know.. Knowing the numbers can help you plan for a number of things throughout the year, especially if your income exceeds the limits and you stop paying the 6.2% Social Security Tax. Stay tuned for few tips on what to do. This is the PG&E Retirement show brought to you by Marathon Retirement Planning Join us LIVE every Monday at 11 am PST Replays available on YouTube Subscribe to the show to get alerts. The PG&E Retirement Benefits Show is hosted by Dan Leonard of Marathon Retirement Planning Ph: 925-726-401K eMail: Dan@MRPPFG.com Calendar Link: https://calendly.com/marathon/pge *Marathon Retirement Planning is an independent investment advisor and not affiliated with PG&E
A Typical $100K per year American Family's  Retirement Number in 5 Minutes
 
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I presented The Dentist's Retirement Number video in 2012. This is a quick, five-minute tour of how to figure your "number."
Views: 1867 DrDougCarlsen
What's your retirement number?
 
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Leaving your retirement plans to chance is a fool's game. Find out how much you need to save in order to live the way you want in retirement.
Views: 175 CNNMoney
How to Retire Early: The Shockingly Simple Math
 
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Enroll in our Personal Finance Masterclass for just $10: https://www.videoschoolonline.com/YTFinance How to retire early - let's break down the steps to early retirement. Take a premium course at http://www.videoschoolonline.com/course-library/ This video shows you how to retire early with shockingly simple math. I've been a personal finance nerd for a while, and the idea of early retirement is really interesting. I'm a huge fan of Mr. Money Mustache who wrote a great article on the shockingly simple math behind early retirement. Since I make videos, I wanted to take his theories and break them down into a digestible video. I hope you enjoy! And like I say in the video, please like and share this video, then leave a comment. What do you think? Is this amazing or crazy? What is your savings rate? What other personal finance questions do you have? I credit a lot of this work/theory to Mr Money Mustache. Read his full article about it here (http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/). Also, check out this cool early retirement calculator (https://networthify.com/calculator/earlyretirement?income=50000&initialBalance=0&expenses=17000&annualPct=5&withdrawalRate=4) Script: Hi, my name is Phil. I’m a video creator and online instructor. I’m also a personal finance nerd. Because of that, I want to create a series of videos that breaks down some of the most mystifying topics that plague our society. In a world where people’s finances are typically locked away and not-talked about, I believe opening up the gates of financial conversation will help everyone live a better and smarter life. In this first video, I want to explain the shockingly simple math behind early retirement - thanks to one of my biggest heroes, Mr Money Mustache. While the ability to retire may seem like a distant and unreachable goal for many, the premise comes down to one thing. You need to invest money so that it earns more money. This could be investing in stocks or bonds, real estate, or any other of investment vehicles. As soon as your investments earn enough money for you to live on each year, you are able to retire. Let’s break it down further to know when you can retire. The most important concept is knowing your savings rate, basically how much you make minus your expenses. If you spend 100% of your income, you will never retire… because you will never be able to invest any money that earns money for retirement. If you spend 0% of your income, you can retire right now… because somehow you are living without needing to make any more money. Between 0% and 100% are a number of savings rates that correlate with the years it will take to retire. For this, let’s assume your annual investment return is 5% (which is conservatively low) and your withdrawal rate is 4%… meaning you spend 4% of your net worth each year. For example, if you have a $1,000,000 net worth, and you live on $40,000. If your savings rate is 10%, you will be able to safely retire after 51.4 years. Safely, meaning you will never run out of money. If your savings rate is 25%, you can retire in 31.9 years. 50%, you can retire in 16.6 years. And if you can somehow save 75% of your income, you can retire in 7.1 years. Now getting to that savings rate might not be easy in our world of societal pressures, keeping up with the Joneses, and bad habits. But you can get closer by making smart decisions, avoiding debt, and living simply. The key take away is… Cutting your spending rate is way more powerful than increasing your income because no matter how much money you make, decreasing your spending will speed up the process. A note, The math behind early retirement works if you are working a minimum wage job or a 7-figure CEO salary. It’s all about the savings rate. So if you want to retire in 10 years, the math tells us that you need to save 66% of your income. Now there is a lot that I didn’t talk about - like how to invest, and how to cut expenses to get to a high savings rate. Those will come in a future video. For now, get excited about the honest truth about retirement (and early retirement at that!)! Let me know what you think in the comments below? Is this exciting or bogus? Until next time… start being money smart. Please subscribe to the channel and leave a comment below! Video School Online: http://www.videoschoolonline.com Courses: http://www.videoschoolonline.com/course-library/ Twitter: http://www.twitter.com/philebiner Facebook: http://www.facebook.com/videoschoolonline
Views: 867251 Video School Online
FERS Retirement Benefits Explained (A quick guide for busy employees)
 
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“You work for the government. You must have a great retirement!” As a FERS employee, you have 7 distinct retirement benefits to help you retire comfortably! Here's a quick guide to help you understand more about each benefit. ****To help you keep track of these benefits, I have this super simple and handy FERS benefit guide—I call it the The 7 Superheroes of FERS Retirement Benefits. You can get it free. Just go to https://www.fersblueprint.com/p/seven. This video is brought to you by the FERS Blueprint Online Retirement Training. We believe that it shouldn’t be so hard to get into retirement training, and that you should be able to learn when you want to and at your own pace. Now you can at the FERS Blueprint. Take a class today! https://www.fersblueprint.com ______________ It’s helpful to think of the benefits in terms of what they do for you in retirement. The first three benefits are income-based, which means money in your pocket. The next four benefits are insurance-based, which means “rainy day” protection for you and your family. Each benefit is subject to eligibility requirements. 1 FERS PENSION. You can get a monthly check from the FERS pension for as long as you live in retirement. Plus, there’s a benefit for your spouse if you pass away first. The amount you get in retirement is based upon how long you worked for the Federal government, what age you retire and how much you earned. There is an additional benefit that you may receive called FERS Supplement (sometimes it’s referred to as the “Social Security” Supplement). It’s only for eligible, long-term employees who retire under age 62. This is a separate benefit from FERS pension. 2 SOCIAL SECURITY. You can get a monthly check for as long as you live, with a potential benefit for your spouse if you pass away first. The amount you receive from Social Security is based upon how much money you earned over your entire work history (not just Federal employment) and at what age you are when you start receiving your benefit. You can start receiving your benefit as young as 62, but your benefit will be permanently reduced. The older you are, the more you’ll receive each month (maximum at age 70). 3 THRIFT SAVINGS PLAN. TSP is a different from FERS and Social Security. That’s because it’s a retirement savings plan—the amount you get from TSP is based upon how much you saved, your FERS Match and how the investments performed. You can choose to receive a monthly check from TSP, but there are also many other ways to set up income from TSP in retirement. Keep in mind that there are IRS age requirements. TSP offers a Traditional TSP and a Roth TSP. The investment options remain the same in retirement. 4 FEDERAL EMPLOYEES HEALTH BENEFITS (FEHB). This benefit provides health insurance for you, your spouse and eligible dependents that you can take into retirement. The share of cost and choices stay the same in retirement. You, as the employee, must meet eligibility requirements. 5 FEDERAL EMPLOYEES DENTAL AND VISION INSURANCE PROGRAM (FEDVIP). This benefit provides dental and/or vision insurance for you, your spouse and eligible dependents that you can take into retirement. The share of cost and choices stay the same in retirement. 6 FEDERAL EMPLOYEES GROUP LIFE INSURANCE (FEGLI). This benefit provides life insurance for you, your spouse and eligible dependents that you can take into retirement. The share of cost may change; however, there are flexible choices to suit your needs. Some options may even be free of charge in retirement. You, your spouse, and eligible dependents must meet eligibility requirements. 7 FEDERAL LONG TERM CARE INSURANCE PROGRAM (FLTCiP). This benefit provides long term care insurance coverage for you, your spouse and eligible family members. You can take existing coverage with you into retirement; or apply for coverage after you retire. Coverage subject to underwriting approval at time of application ______________________________ PROJECT Prepare2Retire is an educational division of The Monroe Team, Inc. DUNS Number: 032 057260. CAGE Code: 735L3. NAICS Code: 611710 Educational Support Services. Woman-owned, small business. PROJECT Prepare2Retire and FERS Blueprint are not affiliated with, endorsed or sponsored by the Federal Government or any US Government agency. PROJECT Prepare2Retire and FERS Blueprint are educational only. No specific financial, retirement nor tax advice is being offered. The material presented is as current as possible, but is necessarily generalized. Facts and opinions are based on research and experience, but are not endorsed by the Federal Government. It is recommended to consult with your personnel office and/or the Office of Personnel Management (OPM) Retirement Office, Thrift Savings Plan, Social Security, Medicare, Internal Revenue Service, your legal, tax and/or other advisor(s). © 2017. The Monroe Team, Inc.
What Is a Pension? | Financial Terms
 
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Watch more How to Understand Personal Finance Terms videos: http://www.howcast.com/videos/491846-What-Is-a-Pension-Financial-Terms You may have access to a pension through your employer, and what a pension basically is, is a guarantee from your employer to pay you a certain amount of monthly income when you retire for the rest of your life. So that's terrific! I mean, it's hard to save enough money on your own for retirement but this type of employer benefit really can help you meat your retirement goals. So how does it work? Basically, based on the number of years, that you worked there, your age or salary, a whole bunch of different things, your employer is going to determine what kind of benefit you're going to get. So let me give you an example: let's say I make 15.000 dollars a year from my job and I'm getting ready to retire. But I've been there a long time and my employer, based on their pension agreement will say: "you know what? We'll going to pay you a pension when you retire. We're going to pay you 20.000 dollar per year for the rest of your life." So certainly, it's not what I was making but it's a big component of my retirement income when compared with my own saving and maybe some money from social security that can help me live at the standard of living I was used to in retirement. Now, there's two big decisions people have to make with the pension. Number one: you have to decide when are you going to start collecting it. Sometimes there's a range of ages when your eligible to collect the pension and if you collect it early that's good because you're getting the money sooner but you're usually getting a smaller benefit amount, and that's not going to change. The other decision you have to make is what type of pension option you want to choose. If I'm getting 20.000 dollar a year in pension for the rest of my life what happens if I pass away two weeks after I retire. Is all that money wasted? Can any of that money go to my wife, my children or other beneficiary? So sometimes there are a variety of pension options that you can choose from with fancy sounding names like 15% or 75% or 100% survival options and all that really means that you're making a decision. Do I want more money today for income and I leave less to somebody else or am I willing to take a little less income to provide some protection for family members of other beneficiary. Keep in mind, most pensions have gone away from a lot of employees during thought economic times for companies and other government organizations. But if you still have a pension you want to make sure you evaluate where that falls into your overall retirement plan and that you make those decisions I talked about in a way that makes the most amount of sense for your situation.
Views: 14012 Howcast
Are you financially ready for retirement?
 
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A recent survey shows 60 percent of Americans are "very" or "somewhat" confident about having enough money to live comfortably during retirement, but only 41 percent admit to crunching the numbers to see how much they will need. CBS News business anaylst Jill Schlesinger joins "CBS This Morning" to offer practical tips for retirement planning. Subscribe to the "CBS This Morning" Channel HERE: http://bit.ly/1Q0v2hE Watch "CBS This Morning" HERE: http://bit.ly/1T88yAR Watch the latest installment of "Note to Self," only on "CBS This Morning," HERE: http://cbsn.ws/1Sh8XlB Follow "CBS This Morning" on Instagram HERE: http://bit.ly/1Q7NGnY Like "CBS This Morning" on Facebook HERE: http://on.fb.me/1LhtdvI Follow "CBS This Morning" on Twitter HERE: http://bit.ly/1Xj5W3p Follow "CBS This Morning" on Google+ HERE: http://bit.ly/1SIM4I8 Get the latest news and best in original reporting from CBS News delivered to your inbox. Subscribe to newsletters HERE: http://cbsn.ws/1RqHw7T Get your news on the go! Download CBS News mobile apps HERE: http://cbsn.ws/1Xb1WC8 Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! http://bit.ly/1OQA29B --- Delivered by Charlie Rose, Norah O’Donnell and Gayle King, "CBS This Morning" offers a thoughtful, substantive and insightful source of news and information to a daily audience of 3 million viewers. The Emmy Award-winning broadcast presents a mix of daily news, coverage of developing stories of national and global significance, and interviews with leading figures in politics, business and entertainment. Check local listings for "CBS This Morning" broadcast times.
Views: 5787 CBS This Morning
America’s retirement crisis: What you need to know
 
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FBN’s Adam Shapiro reports on what you need to know about America’s retirement crisis.
Views: 7274 Fox Business
Millennials' New Retirement Number:  Save $2,000 per month? | E25
 
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Millennials' are faced with a new landscape than any previous generation. The retail world is moving from physical stores to online stores faster than predicted, people are switching from jobs every 4-5 years, no measurable retirement plans and a ever increasing cost of living stretching their paychecks. The reality is most millennials' are not planning and have no way to get on track. Learn how much you need and options you should look into to not only be on track - but be ahead and be financially independent within 5 years or less. Thanks for taking the time to watch this and share it! Please shoot me any questions you have or feedback you want to leave in the comments. I always check and respond to notifications! If you want to reach me or follow my content, check out my channels below: — Follow my daily InstaVlog: https://www.instagram.com/thestacklife/ — ► Subscribe to my channel: https://www.youtube.com/subscription_center?add_user=thestacklife — Follow me on social: Facebook: https://www.facebook.com/ryanpstack Instagram: http://www.instagram.com/thestacklife/ Twitter: https://twitter.com/thestacklife Medium: https://medium.com/@ryanstack — Business Websites: Information on what we do: http://bit.ly/2tt5F9U The Stack Group: www.thestackgrp.com — Yes I still check email: ryan@thestackgrp.com — Thanks for checking out this content! Hope it helps you take your business to the next level!
Views: 2104 Ryan Stack
65 no longer the American retirement age
 
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65 may no longer be the magic number when it comes to retirement. CNN's Suzanne Malveaux has more. For more CNN videos, check out our YouTube channel at http://www.youtube.com/cnn Or visit our site at http://www.cnn.com/
Views: 9926 CNN
Qualified Plans Easily Explained
 
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FOR MORE INFORMATION VISIT OUR WEBSITE www.RetireSharp.com OR CALL OUR TOLL-FREE NUMBER 1-800-566-1002 TO SPEAK WITH A STRATEGY SPECIALIST AT NO COST!!!
Views: 1683 retiresharp
Pension obligations | American civics | US History | Khan Academy
 
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Thinking about pensions, defined benefit plans, defined contribution plans and how pensions tend to get underfunded. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/humanities/us-history/american-civics-parent/american-civics/v/illinois-pension-obligations?utm_source=YT&utm_medium=Desc&utm_campaign=UShistory Missed the previous lesson? https://www.khanacademy.org/humanities/us-history/american-civics-parent/american-civics/v/sopa-and-pipa?utm_source=YT&utm_medium=Desc&utm_campaign=UShistory US history on Khan Academy: From a mosquito-ridden backwater to the world's last remaining superpower, the United States of America is a nation with a rich history and a noble goal: government of the people, by the people, for the people. Its citizens' struggle to achieve that goal is a dramatic story stretching over hundreds of years. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s US History channel: https://www.youtube.com/channel/UCurOvzSAIe84sW8zwPGHUHg?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 43660 Khan Academy
RETIREMENT IS A SCAM!? (The TRUTH About Traditional Retirement Accounts)
 
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Matthew Pillmore is joined by Nick Fortune to show the math behind a traditional retirement account (like a 401k) and just how much of YOUR MONEY is being taken from you in taxes. You may be thinking that these accounts were tax free... Not even close! After you see today's episode you may even think of these retirement accounts as a total scam - the numbers just don't lie. You've been taught that in order to retire you need traditional retirement accounts to do so. Options like a 401k are pushed onto you by the company you work for and just seem to be the best path to retirement. What you haven't been taught is just how much the government makes off of you when you have these accounts. Don't forget to sign up TODAY for your exclusive one on one consultation at: http://www.FreeCoachingCalendar.com Our coaching costs can change with demand. To see our current pricing please watch this video: https://www.youtube.com/watch?v=HbVLmCvFjoI If you are interested in learning more or getting in touch with Nick, please e-mail us! EMAIL: ContactUs@VIPFinancialEducation.com SUBJECT: I.B.C. INCLUDE: Contact Information / Direct Phone Number Check out this video if you want to dig deeper into the infinite banking concept: https://www.youtube.com/watch?v=5R0t3MbiUPY Recent videos with Nick Fortune: https://www.youtube.com/watch?v=8Mv_k11Uzx4 https://www.youtube.com/watch?v=KqGOWdVg_60 https://www.youtube.com/watch?v=KKZJI3fSBis https://www.youtube.com/watch?v=Hl8R2Kvnqcc Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/channel/UC45hHuqWfdi7TIZg0RDG9_g Make sure to check out our social channels for more insight and industry news! Facebook - https://www.facebook.com/VIPFinancialEducation/ Twitter - https://twitter.com/VIPFinancialEd LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ Complimentary Services and Products mentioned in our videos are available for a limited time only and are not guaranteed at the viewing of this video. VIP Financial Education provides resources for educational purposes only. Our education is not a substitute for Legal, Tax, or Financial advice and results vary. VIP Financial Education encourages viewers to do their homework before taking any financial action. VIP Enterprises, LLC may from time to time earn commissions by recommending various products, services, and programs.
Views: 11814 VIPFinancialEd
Maximizing an Owner's Retirement Benefit
 
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Business Owners put everything into there businesses for years before being in a financial position to put real money away for Retirement. We can Suggest a number of Retirement Plan designs in individual plan features that can help them reach there Retirement Goals. This video briefs about some of the Popular Plans considering various attributes according to the Business Owner's Need and Retirement benefits. You can count on us to work with you to create custom tailored proposals that compare the features and benefits of various approaches and help clients optimize their path to long-term financial success. www.trpcweb.com
How To Save For Retirement With The Savage Number
 
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http://todolisthome.com Today's video presents a review of The Savage Number by Terry Savage. I got this book from the library in hopes to evaluate my plan to retire at age 55 and it did not disappoint me. Ms. Savage presents a number of methods and questions for evaluating the realistic goal of retiring and doing so without having to resort to eating cat food as long as you plan carefully and examine the plan frequently. It's not enough to rely on Social Security or a pension to see you through you last years on earth. Sure we can all go at any moment and without notice. But most likely old age will come to me and it won't be pretty. Retirement to me at this point in my life is simply retirement from my current wage to sustain my lifestyle and that of my family. I'll still work of course but if I lost my job I would not have to end up in a trailer in West Virginia eating what comes my way. However, being reliant on my wage into the future is not the best of plans nor should it be. The American way of life as it began is to be reliant on one's self and neighbors to get by and part that requires an entrepreneurial spirit. If the spirit turns into an income and the income becomes something you own and not someone else then you have recaptured independence. That's what I plan to do and it's what I am working on through this website. In the meantime I must still plan and save and The Savage has helped me to reconsider my methods for realizing a livable income in old age. What I learned from The Savage Number Monte Carlo Modeling - The statistical science of modeling multiple alternatives because no one lives in the average. My plans for long term have not been made and they need to be considered. What I really liked about The Savage Number The 10 questions to consider how your life may develop Her prescient insight to seeing the housing bubble for what it was back in 2005 when the book was published. The consideration that should be granted to precious metals as insurance against inflation which is real and higher than what The Fed tells us. Evaluating my 401K and establishing a Roth IRA to protect against taxes in the future. What I didn't like about The Savage Number Ms. Savage's recommendations for finding a financial liar, I mean adviser. This book is a great read for: People who are considering retirement. Young people who think retirement won't ever come to fruition. People who are reliant on one source of income for retirement. Tony Teolis
Views: 163 Tony Teolis
The One Number You Need to Know to Rescue Your Retirement
 
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Consumers should aim to save 15% of their income in a 401(k) plan, according to Dan Houston, President, Chairman and CEO of Principal Financial PFG . "15% of your income today [should be] deferred for long-term retirement needs," Houston said, adding that raising 401(k) contributions lower one's annual tax bill. Money added to a 401(k) is pre-tax.
5 Things To Do 5 Years Before Retirement
 
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For more information on our WealthVision Financial Plan check out our info page here; http://moneyevolution.com/wealthvision/ For access to the 7 Core Elements of Retirement Planning Video Series and Action Guide Click here. http://moneyevolution.com/7-core-elements-yt/ In today's video, I'm going to be talking about Five Things That You Should Do When You're Five Years Away From Retirement. So right off the bat, number one is Get Organized. If you're planning for retirement you might have a lot of your financial information scattered into a whole lot of different places. Maybe you've got some 401K plans at work, or some IRA accounts. Maybe your spouse has some retirement plans or old pension benefits. So the first thing you want to do is bring all of that information together. We also want to start identifying how some of those retirement resources are going to be able to work for you to provide you with the retirement lifestyle that you want. We call it your Retirement Gap. Fortunately, we have a couple of tools available to help you with this process. One of these tools is our 7 Core Elements of Retirement Planning Video Series and Action Plan. It’s a do-it-yourself type of a plan where you can start to get some of this financial information organized. Of course, we also do financial planning as well. We call it our WealthVision Comprehensive Financial Plan where we do it for you. Number two is we want to look at how we can kind of optimize the retirement assets that you have. We call this shift money to tax advantaged accounts. So as you approach retirement, we find that your cash flow tends to improve. Maybe your kids have moved out of the house, you're done paying for college, they're kind of self-sufficient on their own. Hopefully if your career and your job are going well you're making a little bit more money. So you might have more cash flow available to save money for retirement, but we also want to look at where some of that money is being saved. What we find for a lot of people is they have money in non-retirement accounts, taxable accounts that you have to pay income taxes every year on. We look for ways or opportunities for you to shift that over into tax advantaged accounts. So take a look at your accounts. Are you maxing out your 401K plan? Some 401K plans allow you to save an additional 10% in an after-tax savings vehicle. There's a recent tax law that now allows you to move that money directly to a Roth IRA account, even if you're over the income limits. You can contribute money to IRA accounts or Roth IRA accounts. Number three is Know Your Healthcare Options. Understanding this is very important because there are some big, big price tags on this. If you're working, and your employer is offering healthcare insurance now, you want to visit the HR department. Find out what they do about, if anything, in retirement. Are there any options to continue that healthcare, especially if you are going to be retiring prior to age 65 when you're eligible for Medicare. If you're married, check out what your spouse offers too, and compare those different plans. Start putting together some idea of how much that healthcare is going to cost because you don't want to get blindsided by it. There was a recent study by JP Morgan a couple years ago, and they said that if you had to go out into the Affordable Care Act exchanges, for a 64-year-old it would cost about $8400 a year per person for just a Silver Plan. That's not even the top-level plan! So understand what those options are, and check with your employer. Number four is think about your Plan For Income. Hopefully, if you've done some financial planning, you've identified some of your gaps. You want to know where those gaps are, and how much money will you potentially have to pull out of your retirement accounts. Are you eligible to take money out of those retirement accounts? Are you over 59 and a half if it's an IRA, are you over 55 if it's a 401K? You don't want to get hit with any penalties. Start planning out what that income strategy's going to be, and have some of that money in a more conservative investments so you're not blindsided by, “Oh my gosh, I'm retiring, I need to take $20,000 out of a retirement account and guess what, the stock market's down”. So think about that plan for income and where's the money going to come from. Number 5, and I love this one, because I think it kind of fulfills two issues here with retirees, is to Consider a Semi-Retirement. I think the idea for most of us, and in fact what I think about my own retirement is the idea of working 40, 50 hours a week, and then all of a sudden one day just throwing in the towel and never working again just sounds a little bit abrupt. (continued on blog) http://moneyevolution.com/2018/04/23/5-things-to-do-5-years-before-retirement/
Views: 1785 Money Evolution
Retirement Planning Mistake 1: No Plan
 
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Visit my website at http://www.dscottlofthouse.com/. This video is the first in a series of 12 videos I will be making to discuss "The Dirty Dozen Retirement Planning Mistakes To Avoid", an article published on financialmentor.com. You can find the article at http://financialmentor.com/free-articles/retirement-planning/saving-for-retirement/the-dirty-dozen-retirement-planning-mistakes-to-avoid. The Dirty Dozen Retirement Planning Mistakes To Avoid There Is More To Retirement Planning Than Just Funding Your 401(k) or IRA. Learn The Retirement Planning Mistakes You Must Avoid To Assure Your Golden Years Aren’t Spent Flipping Burgers. Retirement planning is one of the most important financial goals you will undertake – and the stakes couldn’t be higher. Just a couple of missteps can change your golden years from independence, joy and freedom to poverty, dependence, and penny pinching. One of the keys success is to avoid the obvious retirement planning mistakes. You must get it right the first time because there is no second chance once you hit retirement. While you may think you’re on the right track by funding IRA’s and/or a 401(k) retirement plan, experts caution you against false confidence. According to Hamilton in an interview for PBS television’s Frontline, over 900 people in any given 1000 person retirement plan will retire in poverty or run out of money before death – that is over 90% of participants. It’s a shocking statistic considering that isone of the biggest fears most retirees face. Let’s look at the detailed reasons for this potentially high failure rate and what you can do to avoid becoming part of the statistics… Retirement Planning Mistake 1: No Plan According to the Retirement Confidence Survey from the Employee Benefits Research Institute, 60% of workers have not calculated how much money they need to save for their retirement income needs. Similar studies have shown that when workers do calculate their retirement savings needs and set a goal their actions toward achieving that goal materially improve. Stated simply, you can’t get to where you want to go if you don’t even know where the destination is. You must set the goal and then design a plan to achieve it. Failing to plan is the same thing as planning to fail. The sad truth is most people spend more time planning their vacation than their financial future. You must be different. “Make no little plans; they have no magic to stir men’s blood. Make big plans, aim high in hope and work.” Daniel H. Burnham If you haven’t already set specific, measurable, financial objectives in writing and implemented a step-by-step plan to achieve them then you are setting yourself up for disappointment. Fortune magazine published a study showing people with written plans end up with an average five times the amount of money at retirement as those with no written plans. Similarly, Harvard Business School published a study on goal setting and found: 83% don’t have clearly defined goals. 14% have goals but they aren’t written down. Only 3% have goals committed in writing. After a 30 year follow up, the conclusion was the 3% with written goals earned an astounding 10 times the amount of the 83% group. Have you calculated your retirement planning goals, and have you committed to regular savings goals in writing? If not, then what is stopping you? Do you have a step-by-step action plan based on proven principles that will lead to financial success? If not now, then when? Time is working against you every day you wait. It’s not enough to just calculate your retirement savings number, fund your 401(k), and put it away on a shelf to gather dust. You must review your asset allocation, investment performance, and total savings on a regular basis and make changes as necessary so that you leave nothing to chance. In summary, there are two groups of people: those who set goals in writing and build plans to achieve them, and those who envy and admire the results achieved by the first group. The number one retirement planning mistake most people make is not setting financial goals and committing to a plan in writing to achieve them. Financial coaching can help you design your retirement plan and provide the accountability and experience necessary to support you in completing its implementation. Best of all, we can do it without any of the conflicts of interest created by selling investment products.
Eye on money: Don't be an average American, save for retirement
 
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Many Americans aren't saving enough money for retirement. CBS MoneyWatch's Jill Schlesinger explains the easiest ways to put money away without employer plans.
Views: 14536 CBS This Morning
U.S. Rep. McSally Exposes Another Flaw in A-10 Retirement Plan
 
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At a House Armed Services subcommittee hearing, U.S. Rep. Martha McSally confirmed that retiring the A-10 ahead of schedule would leave a gap in the military’s ability to take out enemy tanks from the air. The statements made by Army General Curtis Scaparrotti in response to questioning from Rep. McSally expose a second critical gap in as many days should the Administration move forward with its flawed plan to retire the A-10 without a replacement.
Views: 6185 McSally Press
Retirement By The Numbers : Wealthnest Planners
 
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Here are some seriously sobering facts about Americans and their retirement. If you are feeling like you could be doing more with your retirement planning. Contact the LPL financial advisors at Wealthnest Planners To build a nest egg large enough to see you through retirement, which may last 30 years or more, you may need the growth that stocks provide. There are so many options out there. It’s our advisors job to make you aware of the ones that fit your custom circumstances the best. After assessing your individual needs and goals, we provide independent advice and investment recommendations. If you think that you could benefit from investment opportunities feel free to contact the professionals at Wealthnest Planners www.wealthnest.com or 480-699-5275. Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC
How to invest for retirement at 45 years old.
 
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If you are in your 40's and just starting to invest for retirement do not worry! Stress and fear are the number one factor that cause people to put off investing for retirement but if we breakdown the numbers you might find that it's not so bad! Before you consider investing for retirement there are a few things you may need to know if you are in your 40's so today Dustin will cover the retirement plan for the 40 something.
Views: 1844 Jazz Wealth Managers
Nap's Retirement Plan
 
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AVAILABLE IN ALL 50 STATES,NO SELLING, NO INVENTORY, NO EXPERIENCE,NO CREDIT CHECK,nothing comes close to this RETIREMENT PLAN, NUMBERS DON'T LIE!!!!!
Views: 185 Arthur Burks
Easy Retirement Calculator: Find Your Magic Number ✨
 
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Know exactly how much retirement income you'll have with this easy retirement calculator - https://mystockmarketbasics.com/investing-calculators/retirement-income-calculator/ I used to stress out constantly over retirement investing and planning. I created this retirement calculator to tell you exactly how far your retirement savings will go and how much gold you'll have in your golden years. The calculator tells you how long it will take to reach your retirement goal, how much you need to save for retirement and even estimate your retirement income. Play around with the numbers until you find the retirement plan that works for you. Stop worrying so much about how to save for retirement and start enjoying life. I designed this calculator to give you the peace of mind that your retirement money will be there when you need it. I've created five personal finance calculators to help you pay off debt, save for retirement and beat your credit card bills. https://peerfinance101.com/calculators/ SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos Join me every Monday through Wednesday for a new video and the financial future you deserve. Wednesday is our Q&A video so subscribe to the channel and get your question in at https://peerfinance101.com/ask/ Join the Facebook communities for each blog: Personal Finance - https://www.facebook.com/peerfinance101/ Investing - https://www.facebook.com/mystockmarketbasics/ Making Money - https://www.facebook.com/myworkfromhomemoney/ Do you Tweet? Join us on Twitter at https://twitter.com/peerfinance101 Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
What Is Your Magic Number for Retirement S.4 | Ep. 5
 
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What is the magic number you need in order to retire? Joe and Al breakdown how much money you need to save across your lifetime to be able to retire with confidence. Even if you have waited until later in life to seriously start saving, these financial experts have the advice to help you reach your savings goals. Finding Your Magic Number Factors: 1. Pensions & Social Security Income 2. Retirement Spending 3. Retirement Age & Life Expectancy 4. Investments 5. Tax Diversification Broadcast Date: April 16, 2017 If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/ Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” https://www.youtube.com/subscription_center?add_user=PureFinancialCFP Channels & show times: http://yourmoneyyourwealth.com https://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
FERS Optional Retirement Part 1 - 22 minutes
 
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THINKING OF RETIRING? Your local Personnel Office no longer processes retirements. You will need to contact the Human Resource Shard Services Center (HRSSC) 1-877-477-3273 Option 5 or (TDD/TTY) 1-866-260-7507. • Request your annuity estimate either by calling HRSSC or on line at www.liteblue.usps.gov • In order to request an annuity estimate, you must be full time and eligible to retire within the next 5 years. PTR or PTF employees must contact HRSSC for an annuity estimate. • To have the annuity estimate mailed to your home, Under Employee Apps – Quick Links, click on PostalEASE • Enter your Employee Identification Number (EIN) and USPS PIN • Under Benefits, click on NARECS Annuity Estimate • Select your retirement date (all estimates are calculated for the 1st day of the month). • An annuity estimate will be mailed to your home of record within 10 days or you can view and print your annuity estimate from eRetire Call HRSSC Retirements at 1-877-477-3273, option 5 if eRetire wont work. 1. Request Your NARECS Annuity Estimate before watching the Step by Step Retirement Videos 2. Step by Step Kentuckiana Retirement Seminars Online for FERS 3. Click on - https://www.youtube.com/channel/UCKg-XTOhOILJQ5ol53L4Pjg 4. Go To Playlists, Select Your Retirement Planning Videos Employee Apps – Quick Links, click on eRetire – https://liteblue.usps.gov/humanresources/applications/eretire.shtml • Contact HRSSC no earlier than 6 months prior to retirement. • To avoid a gap in pay: For CSRS, if you retire on the last day or the first 3 days of the month your annuity will commence on the next day. For FERS, retirement commences on the 1st day of the month following the month of separation. • HRSSC will request your annuity estimate & benefit packet to be mailed to your home. • Review and complete the required forms and any optional forms. Also write down any questions that you have. • Contact HRSSC (phone number will be provided in packet) to schedule retirement counseling. • Retirement counseling are scheduled Monday-Friday, 7:00 a.m. – 7:30 p.m. EST • Your counseling session date will be no sooner than 30 days from the date you requested your paperwork. It takes 30 days to get your OPF and validate your service history. • Once this process has been completed, you will receive a 2nd mailing which includes your completed Certified Summary of Service and a self-addressed return envelope. • You may decline a counseling session if you prefer and HRSSC will process your paperwork as received, contacting you only if additional information is needed. You will need to sign the declination of retirement counseling and return with your retirement paperwork. • Once HRSSC has received all completed and signed forms, your retirement application will be forwarded through our payroll office in Eagan MN. • Once Eagan submits your retirement application and payroll records to the Office of Personnel Management (OPM), who administers all federal pensions, you will receive a letter stating that your records were sent to OPM. This letter will contain the date & register number assigned to your application package. • Once OPM receives the retirement file, they will send an acknowledgment letter and provide a Civil Service Annuity number (CSA number). Always refer to your CSA# when corresponding with OPM. • OPM will review the retirement file for eligibility and then authorize interim annuity payments until the retirement claim process is completed. Interim payments are generally about 75% of the regular monthly payments. An adjustment check is sent when the case is completed. You should receive your 1st interim check one month after your annuity commences.
From Zero...to Millionaire! - The REAL Numbers for Retirement Planning!
 
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Have you ever wondered what it would REALLY take to become a millionaire, even if you're starting from scratch?? Would you like to know? The answers might surprise you in a big way...especially if you're young! The millennial generation needs to pay close attention, as retirement saving and investing is so much easier the earlier you start. Kyle will show you the real numbers in this video. Due to regulatory compliance, comments have been disabled on all existing and future videos. Please contact me directly with questions or comments! Kyle A. Davis, ChFC® is a financial advisor in Orlando, FL. Owner and founder of Integrity Financial Group. Visit his website www.financialservicesamerica.com for additional resources, to ask a questions, or schedule a consultation. Integrity Financial Group 12301 Lake Underhill Rd. Suite #213 Orlando, FL 32828 (407) 271-8029 Follow Kyle and Integrity Financial Group on: Facebook: https://www.facebook.com/IntegrityFinancialGroupLLC Twitter: https://twitter.com/kylefinancial Google+: https://plus.google.com/u/1/b/100951444235876510068/+FinancialservicesamericaFL/posts Service Areas: Investments Life Insurance Retirement Planning Tax and Business Strategy See what working with a financial advisor can do for you! Call us today! “Investment advisory services offered through Regal Investment Advisors, an SEC Registered Investment Advisor. Integrity Financial Group is independent of Regal Investment Advisors. Registration as an investment adviser does not imply any level of skill or training. Integrity Financial Group may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Integrity Financial Group’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Integrity Financial Group’s web site on the Internet should not be construed by any client and/or prospective client as Integrity Financial Group’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Integrity Financial Group with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. Integrity Financial Group does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to the Integrity Financial Group web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Certain portions of Integrity Financial Group’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Integrity Financial Group’s (and those of other investment and non-investment professionals) positions and/or opinions as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current positions and/or opinions. Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Integrity Financial Group, or from any other investment professional. Integrity Financial Group is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice. Each client and prospective client agrees, as a condition precedent to his/her/its access to Integrity Financial Group’s web site, to release and hold harmless Integrity Financial Group, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Integrity Financial Group. Personnel of Integrity Financial Group hold the designations or educational experience referenced in the website. In addition, Integrity Financial Group itself is a member of certain organizations referenced in the website. You may request a copy of the Brochure Supplements for the personnel of Integrity Financial Group for additional information regarding the education, business experience and professional designations of the investment adviser representatives of Integrity Financial Group.”
Know Your Retirement Number
 
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Kiplinger's David Muhlbaum explains how to calculate how much money you'll need to retire.
Views: 680 Kiplinger
Focus on Funds: New Data Offer Good News on American Private Pension Income
 
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(Transcript is below) New analysis of US government statistics on private pensions offers encouraging news about the retirement income that Americans receive and the number of Americans covered. ICI Senior Economist Peter Brady offers a summary in the January 6, 2017, edition of Focus on Funds. To find out more about how the income Americans receive from private-sector retirement plans has changed, please visit https://www.ici.org/retirement/system/ret_erisa. ___________________________ Transcript Stephanie Ortbals-Tibbs,ICI Director, Media Relations: For many American retirees, private retirement savings is an important source of income after they’ve left the workforce. So what is the big picture look like for these retirees, and what can we learn that might challenge conventional wisdom? I got some new insight and key takeaways from Pete Brady. He’s an ICI senior economist and author of a fresh report taking a look at this very issue. Peter Brady, ICI Senior Economist: Well, what the study shows is that the importance of income from private-sector defined benefit [DB] plans is often exaggerated. So the period before 1981, when 401(k) plans were introduced, is often portrayed as an idyllic period—“the golden age of the golden watch.” The time where most private-sector workers left their employer and received a nice, substantial monthly paycheck in the form of pension. The data show a much different story. What the data show is actually that pension income has become more prevalent over time, not less prevalent. So, since 1975, the share of retirees receiving income from a private-sector pension or retirement plan has actually nearly doubled—and despite more people getting more income, the median amount they get is up nearly 50 percent. Ortbals-Tibbs: Pete, this information really turns conventional wisdom on its head. It shows that more people are getting more income. So what’s behind the common misperception about US retirement savings and the notion that perhaps the people aren’t getting this? Brady: Well, what I think what’s happening is, some people are taking a look at pension coverage, and what has happened to pension coverage, and then making extrapolations about what that will mean for pension income. Ortbals-Tibbs: Pete, as we look at defined contribution and defined benefit plans, what is this study also able to tell us about the kind of income people get from each of those streams? Brady: So the data don’t allow us to carefully differentiate between defined benefit plans and defined contribution plans. Certainly, the growth of defined contribution plans has been important, and millions of people receive a substantial amount of money from that. But what the data do suggest is that income from DB plans has likely gone up over time. Ortbals-Tibbs: What else is new in this report, Pete? Brady: Well, there’s been a change to the survey. So, this data is based on a household survey, run by the government. This year they changed the questionnaire and as a result, the good news is that it’s showing more pension income. Now, the reason that they changed the survey is that, for years, comparisons with survey data for households where they asked households how much pension income they got showed a much different amount of pension income than looking at tax data, where people actually have to report how much pension income they got. Tax data showed substantially more income than was shown in the household survey. So what this change has done is help [reduce] that difference. Pension income has gone up by about 30 percent in this particular survey. Unfortunately, it still undercounts relative to the tax data quite a bit so the survey data are not showing the true picture of pension income. Ortbals-Tibbs: Well, it’s understandable that self-reported data would look different than official data on a tax return form. It’s heartening to see that the data are improving, and hopefully you’ll be able to study and offer new analysis. Brady: Yes, and a little preview is that I will have some research coming out. One area is, people are using the administrative tax data to do some estimates, and there’s all sorts of research going on in that area. I have a paper coming out shortly that will deal with tax data.
Views: 47 ICI Video
The right number for retirement income
 
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The amount that Canadians will need in retirement is one of the most important and at the same time most controversial issues in retirement planning. Here are three perspectives on this issue that you might find useful. - See more at: http://www.clientinsights.ca/en/article/right-number-retirement-income#sthash.nxA3nU6H.dpuf
Views: 250 ClientInsights
Four in ten baby boomers have no retirement savings
 
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Financial planners are saying that four in ten baby boomers have no retirement savings at all and nearly 70% have no pension plans. Anthony Mason has more on how many boomers are forced to continue working instead of enjoying retirement.
Views: 12790 CBS Evening News
Higher retirement age vs lower pensions | Counting the Cost (Feature)
 
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Babies born today can expect to live to beyond 100 in the world's biggest economies if current trends in life expectancy continue. But longer life expectancy means people may have to work past the age of 70 in the years to come. The World Economic Forum (WEF) is warning that the money saved is far short of what's needed. It's predicting that the world's six largest pension-saving systems - the United States, UK, Japan, Netherlands, Canada and Australia - will have a retirement savings gap of $224 trillion by 2050. Adding China and India, which have the world's largest populations, the savings gap rises to $400 trillion by 2050. That's five times the size of the current global economy. Michael Drexler, head of Financial and Infrastructure Systems at the WEF, says the situation is indeed as serious as the WEF has announced it to be. "People are living a lot longer than they used to when pension systems were first designed. Somebody that was born 10 years ago can now expect to live in retirement for 40 years," he says. "When pensions were first designed people expected to live five or 10 years after retirement. Increased longevity together with a lack of investment in the pension system and lack of savings is creating a funding shortfall by 2050 that is going to be roughly five times the size of the world economy." But is there a means to head off this potential disaster? Drexler is confident that a combination of measures can help ease the impending effect on the global economy. One of these is raising the retirement age. "When people live close to a hundred years, retiring at 65 might just be a bit too early," he says. "What simply will happen is that there isn't enough money for the recommended replacement ratio of 70 percent of final salary. And so, if people are happy to receive pensions that are less than that, then, of course, the retirement age can remain constant," says Drexler. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
Views: 4608 Al Jazeera English
Planning For Retirement
 
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THINKING OF RETIRING? Your local Personnel Office no longer processes retirements. You will need to contact the Human Resource Shard Services Center (HRSSC) 1-877-477-3273 Option 5 or (TDD/TTY) 1-866-260-7507. • Request your annuity estimate either by calling HRSSC or on line at www.liteblue.usps.gov • In order to request an annuity estimate, you must be full time and eligible to retire within the next 5 years. PTR or PTF employees must contact HRSSC for an annuity estimate. • To have the annuity estimate mailed to your home, Under Employee Apps – Quick Links, click on PostalEASE • Enter your Employee Identification Number (EIN) and USPS PIN • Under Benefits, click on NARECS Annuity Estimate • Select your retirement date (all estimates are calculated for the 1st day of the month). • An annuity estimate will be mailed to your home of record within 10 days or you can view and print your annuity estimate from eRetire 1. Request Your NARECS Annuity Estimate before watching the Step by Step Retirement Videos 2. Step by Step Kentuckiana Retirement Seminars Online for FERS 3. Click on - https://www.youtube.com/channel/UCKg-XTOhOILJQ5ol53L4Pjg 4. Go To Playlists, Select Your Retirement Planning Videos Employee Apps – Quick Links, click on eRetire – https://liteblue.usps.gov/humanresources/applications/eretire.shtml Call HRSSC Retirements at 1-877-477-3273, option 5 if eRetire wont work. • Contact HRSSC no earlier than 6 months prior to retirement. • To avoid a gap in pay: For CSRS, if you retire on the last day or the first 3 days of the month your annuity will commence on the next day. For FERS, retirement commences on the 1st day of the month following the month of separation. • HRSSC will request your annuity estimate & benefit packet to be mailed to your home. • Review and complete the required forms and any optional forms. Also write down any questions that you have. • Contact HRSSC (phone number will be provided in packet) to schedule retirement counseling. • Retirement counseling are scheduled Monday-Friday, 7:00 a.m. – 7:30 p.m. EST • Your counseling session date will be no sooner than 30 days from the date you requested your paperwork. It takes 30 days to get your OPF and validate your service history. • Once this process has been completed, you will receive a 2nd mailing which includes your completed Certified Summary of Service and a self-addressed return envelope. • You may decline a counseling session if you prefer and HRSSC will process your paperwork as received, contacting you only if additional information is needed. You will need to sign the declination of retirement counseling and return with your retirement paperwork. • Once HRSSC has received all completed and signed forms, your retirement application will be forwarded through our payroll office in Eagan MN. • Once Eagan submits your retirement application and payroll records to the Office of Personnel Management (OPM), who administers all federal pensions, you will receive a letter stating that your records were sent to OPM. This letter will contain the date & register number assigned to your application package. • Once OPM receives the retirement file, they will send an acknowledgment letter and provide a Civil Service Annuity number (CSA number). Always refer to your CSA# when corresponding with OPM. • OPM will review the retirement file for eligibility and then authorize interim annuity payments until the retirement claim process is completed. Interim payments are generally about 75% of the regular monthly payments. An adjustment check is sent when the case is completed. You should receive your 1st interim check one month after your annuity commences.
No Retirement Savings - Now what?
 
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http://www.smartgeezer.net - No Retirement Savings No retirement savings is a situation that is all too common. People work their whole lives and are unable to save enough for retirement; They end up either working for a decade or more longer, or retire to a life of poverty. Neither is a good plan. For those that recognize early enough that they cannot live withg no retirement savings they can modify their lifestyle and soften the hard landing. For others with no retirement savings and are at or near retirement, they have an alternative to start a new career that may be similar or different from their past work. We suggest that some with no retirement savings may consider a home internet marketing business that has been very safe,successful and is positively received 9 out of 10 times by customers on first exposure. Other Resources: Shocking number of Americans have no retirement savings ... http://www.cbsnews.com/news/shocking-number-of-americans-have-no-retirement-savings/ Aug 18, 2014 - The Bankrate findings jibe with other research that illustrate the dearth of retirement savings. The median retirement account balance for all ... 60 Years Old With Zero Retirement Savings - daveramsey.com http://www.daveramsey.com/blog/60-years-old-zero-retirement It's a question more and more pre-retirees are asking now that they find themselves just a few years from retirement age with little or no savings. Margaret C. and ... Why Do 36 Percent of Americans Have No Retirement ... http://reason.com/blog/2014/08/18/why-do-36-percent-of-americans-have-no-r Aug 18, 2014 - In fact, 14% of people ages 65 and older have no retirement savings; 26% of those 50 to 64; 33%, 30 to 49; and 69%,18 to 29, according to the ... https://www.youtube.com/watch?v=5LASOYO9e5g&feature=youtu.be
Views: 9071 Cary Feldmann
Ditched Your Student Debt  How to Revamp Your Retirement Plan
 
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Americans collectively owe $1.4 trillion and counting in student loans, so it seems likely that retiring your student debt makes retirement easier. For example, a recent Aon Hewitt study found that 71% of employees who had student loans contributed to workplace retirement plans, versus 77% of employees who didn’t have student debt. An estimated 2.8 million Americans aged 60 and older are still carrying student loan debt. Aside from making it more difficult to save, letting student debt linger can threaten your retirement in a different way. If you default on your loans, you may have to sacrifice some of your Social Security benefits. In 2015 the U.S. Department of Education collected $171 million in defaulted student debt through offsets made against Social Security benefits. Some, of course, may have been grandparents caught paying off a grandchild's unpaid debt ( Seniors: Before You Co-sign That Student Loan tells the tale), but others are still struggling with their own debt. That’s a definite incentive to eliminate your student loan debt as quickly as possible. (For more, see The Worst Things That Can Happen if You Don’t Pay Your Student Loans.) This article is geared to those fortunate and careful savers who have managed to shake off their loans. (Some employers these days even help out.) Once you’ve done that, the next step is updating your retirement savings plan. Here’s how to do it. Debt Gone? Fine-Tune Your Retirement Savings Strategy There are two specific numbers to focus on once your student loans are zeroed out. The first is your target retirement savings goal. The second is the amount you have saved already. There are several things to consider when determining how much money you’ll need in retirement. They include your life expectancy, estimated expenses and estimated income in retirement from Social Security, a pension, annuities and your existing retirement savings. When estimating your expenses, you also have to think about how inflation may impact your purchasing power as you grow older. Once you have an idea of what your goal is, you can compare that to your current savings balance, including money you may have in a 401(k), individual retirement account (IRA) or taxable investment account. The difference between the two numbers represents your savings gap, and this is what you should focus on addressing as you adjust your retirement plan after your student loans are paid off. For example, let’s say you’re 40 years old, have $50,000 in retirement savings and a goal of retiring at age 65 with $1 million. To reach your goal you’d need to save approximately $15,000 a year and earn a 6% annual rate of return. That breaks down to $1,250 each month. Now assume that you’ve been paying $400 a month to your student loans and saving $500 a month in your employer’s retirement plan. If you adjust your contributions to include the $400 you were paying to your student loans, that puts you at $900 a month fo
GOP shouldn’t touch American’s 401(k) plans: Ben Stein
 
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Economist Ben Stein on whether the GOP should target retirement accounts to pay for Trump’s tax plan.
Views: 1824 Fox Business
Social Security Retirement Benefits | Financial Terms
 
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Watch more How to Understand Personal Finance Terms videos: http://www.howcast.com/videos/491848-Social-Security-Retirement-Benefits-Financial-Terms Social Security Retirement Benefits are a great benefit and they make up the sole source for most retirees' income. So, let me explain a little bit. I mean, you often might take a look at your paycheck or see a Social Security or FICA tax that's on there and that money is going to a future promise of benefits for you when you retire. Basically, this is the government's way of providing some type of retirement income to most individuals. And, the amount that you're going to get from Social Security is based on your highest 35 years of working. So, they're looking at your income every year that you're working, and when you build up enough credit, or enough work experience, you're eligible for a future promise of benefits. Now, Social Security has a full retirement age. And it's between 65 and 67. That's the age when you can collect your full retirement benefit amount. But, here's the catch: you can collect it early if you want,as early as 62 and you can get a reduced amount. Or you can wait until you're 70 and collect more money. So, every one of you watching has to make this choice. When do you want to collect Social Security? And let me try to give you an example, just to put some context around it. If I told you today that you could collect at age 65, $1500 a month for the rest of your life, or if you wanted to collect it early, you could get $1200 a month. So, what would you like? Do you want $1200 a month starting at age 62 or do you want to wait and get $1500 a month at age 65 or 66 for example? And, you have to make that decision based on your reasonable assumptions. How healthy you are. Whether you need the money to live on in retirement. Because, ultimately, none of us has that crystal ball to know exactly what the right decision is. But this is the decision that all of you will be faced. So, what should you do? Number 1: Get a copy of your Estimated Benefits from Social Security and you can do that from the Social Security website. You may also have actually received those green forms in the mail around your birthday each year that kind of shows you your benefits. Number 2: Make sure all the earnings is correct. Sometimes there are errors that need to be corrected. Number 3: As you get closer to retirement, really take a good assessment of when you can retire and when collecting your Social Security benefits fits in with your overall retirement plan. Those are the basics of how Social Security works and as it gets closer, you really want to pay close attention to where that's going to fit in with your overall retirement plan.
Views: 2082 Howcast
IRS and Retirement: Results from two new studies | LIVE STREAM
 
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Some survey data show that retirees receive only meager incomes from private retirement plans, leaving many seniors highly dependent on Social Security benefits. But better data tell a much more encouraging story. Two recent research studies using IRS tax return data show that the number of seniors receiving private retirement plan benefits is rising and retirees’ incomes are substantially higher than previously believed. This new research will cause us to reassess how many retirees are living in poverty and how well-equipped retirees are to maintain their preretirement standard of living. Join AEI as Peter Brady presents his research, coauthored with Jessica Holland and Kevin Pierce, and Joshua Mitchell presents his research, coauthored with C. Adam Bee. Subscribe to AEI's YouTube Channel https://www.youtube.com/user/AEIVideos?sub_confirmation=1 Like us on Facebook https://www.facebook.com/AEIonline Follow us on Twitter https://twitter.com/AEI For more information http://www.aei.org Third-party photos, graphics, and video clips in this video may have been cropped or reframed. Music in this video may have been recut from its original arrangement and timing. In the event this video uses Creative Commons assets: If not noted in the description, titles for Creative Commons assets used in this video can be found at the link provided after each asset. The use of third-party photos, graphics, video clips, and/or music in this video does not constitute an endorsement from the artists and producers licensing those materials. AEI operates independently of any political party and does not take institutional positions on any issues. AEI scholars, fellows, and their guests frequently take positions on policy and other issues. When they do, they speak for themselves and not for AEI or its trustees or other scholars or employees. More information on AEI research integrity can be found here: http://www.aei.org/about/ #aei #news #politics #government #education #livestream #live #economy #economics #irs #retirement
MONEY MONEY MONEY-CREATING A RETIREMENT PLAN (PART 1)
 
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All you need to know about retirement planning CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise. Subscribe to our Channel: https://www.youtube.com/user/CNBCTV18 Like us on Facebook: https://www.facebook.com/cnbctv18india/ Follow us on Twitter: https://twitter.com/CNBCTV18News Website: http://www.moneycontrol.com/cnbctv18/
Views: 1398 CNBC-TV18
Alternative Cryptocurrency Precious Metal Retirement Plan Regal Assets
 
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Allow us to help you today with your alternative retirement plan. Numbers don’t lie. We have maintained the highest rating profile in the industry for 7 years in a row. You can relax knowing that you are working with the most trusted company in the business. Allow us to send you a free Alternative package today! https://regalwallet.com/a/9123
Views: 16 Regal Assets
Retirement Used To Be Part Of The American Dream
 
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Retirement was a reality for most middle-class people in the early 1990s. This documentary has become American "history." I made this movie about a time that for most of us, including me, doesn't exist anymore. There is no retirement for me and millions of people like me. So this film that I made is now a vision of something that didn't happen for most and didn't happen for very long in American history.
Views: 7189 David Hoffman
American College 2015 Retirement Income Planning Panel
 
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Retirement income planning panel of the American College’s 2015 Knowledge Summit held at Hilton Hawaiian Village in Honolulu, Hawaii on October 22, 2015 on which Bob Klein was a speaker and the sole practitioner.
Simplistic Breakdown on Qualified vs Non Qualified Plans
 
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FOR MORE INFORMATION VISIT OUR WEBSITE www.RetireSharp.com OR CALL OUR TOLL-FREE NUMBER 1-800-566-1002 TO SPEAK WITH A STRATEGY SPECIALIST AT NO COST!!!
Views: 4835 retiresharp