Do you have enough saved for retirement? | Amyr Rocha Lima | TEDxKingstonUponThames

Financial management is a vital subject that many avoid, often leading to future regrets.

Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Stocks , Coin or ETF that will align with my risk tolerance and financial goals.

To have a comfortable, secure and fun retirement, you need to build the financial cushion that will fund it all.

It's empowering to know that planning isn't just about numbers but also about envisioning the kind of life I want to lead. Thank you for demystifying financial planning and making it feel accessible. This talk is a nudge for me to start taking active steps towards my future financial wellbeing. ❤

I amassed a certain amount and I retired fully at 40. I don't have a ton, but enough to work with. Now at 51 I have seen the world and looking to downsize my house to a smaller townhouse or condo and enjoy what is left :) I roughly looked at my numbers but I handle my own finances and have done pretty okay. So not stressing about it too much. It is what is it :) . I don't have a pension, just some savings, a property and wherever SS ends up giving me

The very first step in personal finance is knowing your net worth. There are free apps for determining this. You should know your own personal balance sheet (point-in-time net worth) and your personal income statement (what you keep monthly after expenses). If both of these are 1) positive and 2) increasingly positive over time you're heading in the right direction.

The 375 ignores the state pension, so you need less. Also factor for a 25% drop in expenses after 75. So this reduces what you need to save. How much do you need to pass on to children, if not much then you can eat into the capital and so reducing the amount needed to save. A good message that you need to save and in the most tax efficient way. But the figures quoted are excessive in my opinion. He is a finance person who will make a percentage on what you save so it's in his interest to get you to save more. I'm not saying don't save well into a pension but look deeper into this field to get a more realistic figure

I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.

I've been circling around the idea of retirement planning without really knowing how to approach it or how much I actually need to save for a comfortable life later on. Your discussion on balancing sufficiency with excess has given me a clearer vision on what 'enough' might look like for me. Thank you!

Extremely well delivered! Insightful, practical, and to the point! 💡👏

I love using the 4% Rule to calculate how much you need in retirement. It's simple, easy to understand, and quite the game changer for retirement.

Retirement is fast becoming as unrealistic as home ownership.

The only retirement I'm going to get is retiring to my room for the night so I can get up early for work the next day

Good discussion. I became financially retired at 54 with no debt period. Typing this while I sit by my pool at my home in Florida.

The more dough the better. Use some to help the needy also

From experience, the hardest part of building up the million is the first 100k. Once you get to the first 100k, each subsequent 100k is much easier and faster because of the compounding effect. The way I got to the 100k was to break it up into 5 years and set myself a goal to save 20k each year. To many even that may be difficult, but it is doable if you are on a reasonable income and are willing to cut back on luxuries for five years.

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

Do it the other way. Divide your 401k by 375 and add to it your expected SS benefits. Then subtract say 1000 per person a month for medical expenses.

Amyr, sua apresentação é algo que vem para chacoalhar nossa situação enquanto residentes no UK. Algo para ajudarmos criando um alicerce para atingirmos o objetivo de £1.3 M. Fácil? Jamais. Porém possível, se começar no momento certo. Muito obrigado e parabéns.

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them