<center><a href='https://d.tube/#!/v/themoneygps/o9ataljd'><img src='https://ipfs.io/ipfs/QmREtFgYrVUVvUx2q28ghj75JUA2bMcFHxVan6yRkJAsbT'></a></center><hr> The most common savings for retirement is the 401k. In Canada it’s an RRSP. Some places call it superannuation. For the purposes of this video, it’s a retirement account. Money in a pile, invested to hopefully keep up with the pace of inflation. We trust our financial advisors to do their best to be able to care for our life savings and have our precious asset appreciate. Today however, it seems that too many are woefully unprepared. How much money Americans have in their 401(k)s at every age https://www.cnbc.com/2019/05/23/how-much-money-americans-have-in-their-401ks-at-every-age.html <hr><a href='https://d.tube/#!/v/themoneygps/o9ataljd'> ▶️ DTube</a><br /><a href='https://ipfs.io/ipfs/QmZ3yqKZcZwk2XMXq3Uu3MMa956VdfsrF5jVJpHN3uwShN'> ▶️ IPFS</a>
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| author | themoneygps | ||||||
| permlink | o9ataljd | ||||||
| category | dtube | ||||||
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Most people I have worked with, like 95%, think just contributing the maximum the company will match to is all they need to do. For example, they put in 6% and the company matches with 4%. This is what most people think is the most they can do and should do. This will not get them to any kind of retirement. Unfortunately, having multiple children and/or having divorces truly the biggest drag on retirement. I've seen people just stop contributing after a divorce and they just are okay with having a crappy retirement. Next 20+ years are going to be bad.
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