Latest news with #Advisor.com
Yahoo
3 days ago
- Business
- Yahoo
Tony Robbins urges Americans to act, says Social Security isn't enough
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. America's Social Security program is both popular and woefully underfunded. Experts have been warning that the social safety net millions of Americans rely on is on the verge of fraying. Now, personal finance author and motivational speaker Tony Robbins is calling on people of all ages to start weaving their own safety net. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) "Time to get your head out of the sand and do some easy number crunching to find out where you are and where you need to be," his website advises. "Remember this: Anticipation is the ultimate power. Losers react; leaders anticipate." Robbins might be preaching to the choir. According to the AARP, 74% of Americans believe Social Security will not provide enough to live on during their retirement. Two-thirds of them also consider the monthly benefits too low to live on. If you share these concerns, here's what you can do to secure your financial future. Since Social Security payments are likely to be insufficient, creating your own independent nest egg seems like an obvious solution. Robbins recommends setting a target to save at least 20 times your annual living expenses to fund a comfortable retirement. On average, U.S. adults currently believe the 'magic number' to retire comfortably is $1.46 million, according to Northwestern Mutual. This is 15% higher than the estimate in 2023, even though the average retirement savings dropped to $88,400 in 2024, nearly $1,000 less than the previous year. In other words, most Americans understand how much they need to save but are unable to take the necessary steps. If you're struggling with where to start, can help you find a financial advisor in just a few clicks. combs through a database of thousands of vetted experts and matches you with those best suited to make the most of your money. Even better, each advisor is a fiduciary, which means they must put your interests first by law. Set up a free, no-obligation consultation with one of their pre-screened financial advisors today. Read more: Rich, young Americans are ditching the stormy stock market — Despite its limitations, Americans overwhelmingly support the Social Security program and want the government to salvage it. A January 2025 poll by the Associated Press-NORC Center for Public Affairs Research revealed that two-thirds of Americans believe the government is spending 'too little' on Social Security. An AARP survey found that 85% of Americans back efforts to preserve the program, even if it requires higher taxes for everyone. According to the National Institute on Retirement Security, 87% of U.S. adults believe ensuring the program's funding should be a top priority for elected officials, no matter the country's fiscal challenges. Regardless of how well-funded the program is, it's clear that relying solely on Social Security for retirement is a risky proposition. On average, Social Security benefits replace only about 40% of pre-retirement income, which is often not enough to cover basic living expenses, let alone healthcare costs, leisure activities or unexpected emergencies. Investing in gold can reduce your dependence on Social Security, providing a diversified source of income for retirement. Gold is often considered a hedge against inflation, as its value tends to rise when the cost of living increases, protecting your purchasing power over time. It's also seen as a safe-haven asset that investors flock to under uncertain market conditions. For instance, the price of gold surged to record highs in April 2025 amid concerns around the fallout of President Trump's global tariffs. For those looking to capitalize on gold's potential, one option is opening a gold IRA with the help of Priority Gold. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account. This can give you the tax advantages of an IRA with the potential protective benefits of investing in gold, making it an option for those seeking to ensure their retirement funds are well-shielded against economic uncertainties. When you make a qualifying purchase with Priority Gold, you can receive up to $10,000 in free silver. As of 2024, 21% of Americans say they would like to move abroad, up from just 10% in 2011, according to a Gallup poll. Meanwhile, the Social Security Administration reports that over 760,000 retirees are already collecting benefits while living overseas. For those struggling with the ongoing retirement crisis, relocating to a country with a lower cost of living and a high quality of life — like Japan, Panama, Portugal, or Greece — could be a smart solution. To make this more achievable, consider setting up a dedicated automatic savings fund for your retirement goals. This can help you build a larger nest egg for either relocating or ensuring a more comfortable retirement, even if you decide to stay in the U.S. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
05-06-2025
- Business
- Yahoo
Millennials are the ‘biggest losers' in US society - what you can do to build financial security
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. A quick Google search reveals that millennials are often characterized as entitled whiners who are quick to complain about their financial struggles — but it's not a fair assessment. There's a reason why millennials — typically defined as between the age of 28 and 43 — are on shakier financial ground compared to previous generations. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) A study from Allianz shows that, while boomers have been able to benefit from periods of strong economic growth, millennials have been hit with one financial crisis after another since reaching an age when it was finally possible to start saving and growing their wealth. A study in the American Journal of Sociology found that millennials have 30% less wealth at age 35 than boomers did. Here's how society's 'biggest losers' can get ahead even after multiple setbacks — and what Americans of any age can learn from their struggles. Millennials have had a number of economic factors working against them over the years. During the Great Recession (2007-2009), many millennials were in their 20s, facing high unemployment, stalled careers, and mounting student loan debt. Unlike boomers, who attended college when costs were low, millennials faced steep tuition, with average public college costs rising from $514 in 1973-1974 to $4,587 in 2003-2004. The job market's slow recovery and low interest rates further hindered millennials' savings efforts, while higher rates in the 1970s helped boomers build wealth. The pandemic didn't help matters. However, millennials can navigate these obstacles and maximize the longevity of their future nest egg or any other long-term financial goals by seeking a trusted financial advisor — and finding one doesn't need to be a long, stressful process. simplifies the search process by connecting individuals with an exclusive network of fiduciary advisors, each dedicated to transparency and held to high ethical standards. All you have to do is answer a few simple questions regarding your finances and long-term goals, and will connect you with a vetted expert near you who is best suited for your needs. You can then set up a free, no-obligation consultation to see if they're the right fit for you. Personal finance expert Suze Orman stresses that the key to building wealth lies in compound interest. 'Their priority is their youth, their priority is time,' Orman once told Moneywise, highlighting that compounding over time is crucial to financial freedom. For example, saving just $100 a month starting at age 35 with a 12% annual return could grow to $300,000 by retirement age, Orman explained. While still below the $1.46 million Northwestern Mutual recommends for a comfortable retirement, it's a step toward catching up after economic setbacks. Millennials can also make up lost ground with real estate, which offers robust growth potential whether through homeownership or through other investments like real estate crowdfunding platforms and real estate investment trusts (REITs). REITs allow for real estate investment without needing to buy physical property, making them an accessible option for beginners with even modest funds. Read more: Rich, young Americans are ditching the stormy stock market — In fact, there are emerging platforms that simplify real estate investing further, offering flexible options to invest in large-scale real estate projects without the traditional barriers to entry. These services open up new opportunities to grow wealth and diversify portfolios. You can tap into this market by investing in shares of vacation homes or rental properties through Arrived. Backed by world-class investors including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property. To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation. Once you choose a property, you can start investing with as little as $100, potentially earning quarterly dividends. And you aren't limited to residential opportunities when it comes to income-producing real estate. If you're an accredited investor looking for larger returns through commercial real estate, First National Realty Partners (FNRP) could be a better fit with a $50,000 minimum investment requirement. Specializing in grocery-anchored retail, FNRP offers a turnkey solution for investors, allowing them to passively earn distribution income while benefiting from the firm's expertise and deal leadership. FNRP has developed relationships with the nation's largest essential-needs brands, including Kroger, Walmart and Whole Foods, and provides insights into the best properties both on and off-market. And since the investments are necessity-based, they tend to perform well during times of economic volatility and act as a hedge against inflation. You can engage with experts, explore available deals and easily make an allocation, all in one personalized, secure portal. With another 20-25 years in the workforce, even older millennials have time to grow their retirement savings through increased IRA or 401(k) contributions and smart investing. Even so, with rising living costs and economic uncertainty, it's important to consider different ways to secure your financial future. Many investors are seeking more diversified strategies, such as gold IRAs, to provide stability and protect their savings against inflation and market fluctuations. Additionally, high-interest savings accounts have become a more attractive option for those looking to boost their savings with minimal risk. If you're keen on making gold a key part of your retirement strategy, consider opening a gold IRA. This retirement account can help you stabilize your finances by allowing you to invest directly in physical precious metals rather than stocks and bonds. Priority Gold is an industry leader in precious metals, offering physical delivery of gold and silver. Plus, they have an A+ rating from the Better Business Bureau and a 5-star rating from Trust Link. If you'd like to convert an existing IRA into a gold IRA, Priority Gold offers 100% free rollover, as well as free shipping, and free storage for up to five years. Qualifying purchases will also receive up to $10,000 in free silver. To learn more about how Priority Gold can help you reduce inflation's impact on your nest egg, download their free 2025 gold investor bundle. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
05-06-2025
- Business
- Yahoo
Millennials are the ‘biggest losers' in US society - what you can do to build financial security
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. A quick Google search reveals that millennials are often characterized as entitled whiners who are quick to complain about their financial struggles — but it's not a fair assessment. There's a reason why millennials — typically defined as between the age of 28 and 43 — are on shakier financial ground compared to previous generations. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) A study from Allianz shows that, while boomers have been able to benefit from periods of strong economic growth, millennials have been hit with one financial crisis after another since reaching an age when it was finally possible to start saving and growing their wealth. A study in the American Journal of Sociology found that millennials have 30% less wealth at age 35 than boomers did. Here's how society's 'biggest losers' can get ahead even after multiple setbacks — and what Americans of any age can learn from their struggles. Millennials have had a number of economic factors working against them over the years. During the Great Recession (2007-2009), many millennials were in their 20s, facing high unemployment, stalled careers, and mounting student loan debt. Unlike boomers, who attended college when costs were low, millennials faced steep tuition, with average public college costs rising from $514 in 1973-1974 to $4,587 in 2003-2004. The job market's slow recovery and low interest rates further hindered millennials' savings efforts, while higher rates in the 1970s helped boomers build wealth. The pandemic didn't help matters. However, millennials can navigate these obstacles and maximize the longevity of their future nest egg or any other long-term financial goals by seeking a trusted financial advisor — and finding one doesn't need to be a long, stressful process. simplifies the search process by connecting individuals with an exclusive network of fiduciary advisors, each dedicated to transparency and held to high ethical standards. All you have to do is answer a few simple questions regarding your finances and long-term goals, and will connect you with a vetted expert near you who is best suited for your needs. You can then set up a free, no-obligation consultation to see if they're the right fit for you. Personal finance expert Suze Orman stresses that the key to building wealth lies in compound interest. 'Their priority is their youth, their priority is time,' Orman once told Moneywise, highlighting that compounding over time is crucial to financial freedom. For example, saving just $100 a month starting at age 35 with a 12% annual return could grow to $300,000 by retirement age, Orman explained. While still below the $1.46 million Northwestern Mutual recommends for a comfortable retirement, it's a step toward catching up after economic setbacks. Millennials can also make up lost ground with real estate, which offers robust growth potential whether through homeownership or through other investments like real estate crowdfunding platforms and real estate investment trusts (REITs). REITs allow for real estate investment without needing to buy physical property, making them an accessible option for beginners with even modest funds. Read more: Rich, young Americans are ditching the stormy stock market — In fact, there are emerging platforms that simplify real estate investing further, offering flexible options to invest in large-scale real estate projects without the traditional barriers to entry. These services open up new opportunities to grow wealth and diversify portfolios. You can tap into this market by investing in shares of vacation homes or rental properties through Arrived. Backed by world-class investors including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property. To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation. Once you choose a property, you can start investing with as little as $100, potentially earning quarterly dividends. And you aren't limited to residential opportunities when it comes to income-producing real estate. If you're an accredited investor looking for larger returns through commercial real estate, First National Realty Partners (FNRP) could be a better fit with a $50,000 minimum investment requirement. Specializing in grocery-anchored retail, FNRP offers a turnkey solution for investors, allowing them to passively earn distribution income while benefiting from the firm's expertise and deal leadership. FNRP has developed relationships with the nation's largest essential-needs brands, including Kroger, Walmart and Whole Foods, and provides insights into the best properties both on and off-market. And since the investments are necessity-based, they tend to perform well during times of economic volatility and act as a hedge against inflation. You can engage with experts, explore available deals and easily make an allocation, all in one personalized, secure portal. With another 20-25 years in the workforce, even older millennials have time to grow their retirement savings through increased IRA or 401(k) contributions and smart investing. Even so, with rising living costs and economic uncertainty, it's important to consider different ways to secure your financial future. Many investors are seeking more diversified strategies, such as gold IRAs, to provide stability and protect their savings against inflation and market fluctuations. Additionally, high-interest savings accounts have become a more attractive option for those looking to boost their savings with minimal risk. If you're keen on making gold a key part of your retirement strategy, consider opening a gold IRA. This retirement account can help you stabilize your finances by allowing you to invest directly in physical precious metals rather than stocks and bonds. Priority Gold is an industry leader in precious metals, offering physical delivery of gold and silver. Plus, they have an A+ rating from the Better Business Bureau and a 5-star rating from Trust Link. If you'd like to convert an existing IRA into a gold IRA, Priority Gold offers 100% free rollover, as well as free shipping, and free storage for up to five years. Qualifying purchases will also receive up to $10,000 in free silver. To learn more about how Priority Gold can help you reduce inflation's impact on your nest egg, download their free 2025 gold investor bundle. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
im-52-my-portfolio-just-hit-2000000-and-i-want-to-spe
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. The good news is that a $2 million nest egg is not too shabby and can sustain you for the rest of your life as long as you don't spend it irresponsibly. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Gen X — people between the ages of 45 and 60 — have an average of $589,4000 saved in their 401(k)s as of the fourth quarter of 2024, according to a Fidelity Investments report. So by this account, you're doing better than most if you have $2 million in retirement savings. But is it enough for you to spend $150,000 a year? Probably not. The life expectancy of Americans is about 77 years, and you'll want to plan for longer than that. There are a number of factors to consider while making the math work for early retirement. The 4% rule is one of the most popular ways to figure out how much you can spend each year in retirement. It says if you withdraw 4% of your balanced portfolio (50% stocks, 50% bonds) in the first year, with subsequent amounts adjusted for inflation, your retirement savings should last you 30 years. But of course, there are no guarantees and some experts have warned retirees about this rule. So if you have a $2 million retirement portfolio, you can withdraw $80,000 the first year. This is a little more than half the $150,000 you're looking to spend a year. You would need a nest egg worth almost $4 million to safely withdraw $150,000 a year, per this rule. Your safe withdrawal rate would be even lower if you considered a longer retirement horizon, like 35 years or 40 years. Talking to an expert can help you figure out exactly how much you can withdraw from your nest egg each year without worrying about your funds running out later. You can match with a vetted financial advisor near you for free with Once you answer a few basic questions about your financial situation and goals, will comb through its database to find a FINRA/SEC-registered advisor best suited to help you. network of financial experts are all fiduciaries, meaning they are required to act in your best interest. Plus, there's no asset minimum to work with an expert on not even a dollar. Upon matching with an advisor, you can set up a free introductory consultation with no obligation to hire to see if they're the right fit. You also need to think about protecting your loved ones. Opting for term life insurance can help you secure your family's financial future in the event the worst comes to pass. Be mindful that life insurance premiums tend to rise as you age. Consider opting for a term life insurance with Ethos and lock in low premium rates now. The process is simple and just takes 10 minutes, and you can get instant coverage for up to $3 million with premiums starting at just $2/day. You don't need to undergo extensive medical exams or blood tests to get approved for life insurance with Ethos. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now If you decide to retire at 52, you need to be sure you plan out what expenses you will have. A general rule of thumb says you should expect to spend 80% of your pre-retirement income each year if you want to maintain your current lifestyle. You also need to make sure your money is housed in the right types of accounts. When it comes to retirement accounts like IRAs and employer-sponsored ones like 401(k)s, you'll face penalties if you make withdrawals before you reach 59 ½ years old. According to the IRS, you'll need to pay an additional 10% in taxes on top of what you'll need to pay on the amount you withdraw. If you plan to retire early, consider having roughly 12 months' worth of expenses in cash as a buffer in case of emergencies. This way, you don't have to worry about the tax implications of withdrawing from your retirement accounts. Where you keep this emergency fund is crucial. Choose a high-yield account so that your cash can continue to make money for you. Retiring early also means that you need to make sure your nest egg can last much longer than if you retired later. See if there are ways to cut back or eliminate wishlist items like boats or a vacation property.. Fixed expenses like monthly insurance premiums might also take a big chunk of your budget. Plus, with rising home and car insurance premiums, it might be challenging to account for the rising costs of insuring your assets on a fixed income. Between 2021 and 2024, homeowners' insurance rates rose by 24%. On the other hand, car insurance premiums are expected to rise 60% faster in 2025 than last year due to the impact of tariffs. Shopping around and comparing rates from different insurance providers can help you lower your monthly bill significantly. lets you compare insurance rates and features offered by reputable providers near you for free. All you have to do is answer a few basic questions about your finances, driving history and the type of vehicle you want to will then comb through its database of hundreds to help you find the lowest rate possible. Get started for free and find rates as low as $29 per month. You can also save an average of $482 per year by shopping around for home insurance quotes from leading providers near you through The best part? The process is completely free, and you can find the lowest rates near you in just under two minutes. Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
