Many Americans plan to retire and claim to have social security benefits for the first time, and find that they face a challenging problem involving many potential pressure.
Personal financial writer and inspirational speaker Tony Robbins provided a bold view for people to prepare for big financial steps.
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On the list of people who plan to retire, people pay attention to medical expenses.
Medical insurance is available for people 65 years old. But these costs have brought some challenges. There are premiums, deductibles and sales.
The same important thing is to understand that long -term care insurance is required (usually the maximum cost of retirees).
During work, people can invest and save 401 (K) plans, which are matched with employers. Personal retirement accounts (IRAS), including Roth iRas, contribute to the comfort of retirement.
Related: Tony Robbins warned Americans to avoid social security errors
These financial instruments are very important because monthly social security salary should not rely on the lifestyle that most people expect in the retirement year.
When Robbins warned people to carefully evaluate their finances and plan for the future, this is what he meant.
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Tony Robbins warning social security plan
Robbins explained that the pressure on retirement and social security needs to face some serious self -assessment.
His website pointed out: “It’s time to let his head get rid of the predicament and make some simple numbers to find your own position and place you need.” “Remember this: expectation is the ultimate power. expect.”
More information about retirement strategies:
- Tony Robbins warned Americans to avoid social security errors
- Dave Ramsey’s frankness to retired Americans’s medical insurance frankness rate
- SUZE Orman provides retirees with frank suggestions on social security
Robbins pointed out a reader a retirement confidence survey (RCS) that clarifies some key details about Americans’ pressure on retirement.
One of the good news is to find that less than one -third of workers are “very confident” about whether they can afford comfortable retirement.
The investigation explained that at the same time, 58 % of Americans said they had some or strongly agreed to retire plans to make them feel stressful.
Related: Dave Ramsey warned Americans about social security and the growth of medical insurance
Tony Robbins discussed the limitations of social security
Robbins suggested that it is not enough for retirement financial plans, and hopes that social security benefits are enough to provide sufficient money for a person’s expectation lifestyle, which should be avoided.
His website wrote: “Social security has never intended to be a substitute for retirement savings, especially considering that we can look forward to a longer retirement time.”
In addition, the RCS report found that a large part of the workers reported that they had little money in investment and savings.
Among RCS workers who provide such information, 27 % of people report that the total value of savings and investment (excluding its main house value) is less than $ 25,000. Including 13 % said they saved less than $ 1,000. The total amount of 7 % report is $ 25,000– $ 49,999, 12 % $ 50,000– $ 9999, 21 % $ 100,000-$ 249,999, 33 % or 250,000 US dollars or more.
Robbins explained that there are several ways to think that one person needs to retire. In fact, he talked about his so -called “ultimate retirement dream”.
This is to realize the full financial freedom. You can do anything you want to do during retirement, without having to worry about money without money.
He suggested that people can assume that they must retire for 20 years.
Robins’ simple calculation involves carefully studying all the expenditures for one year, and multiplied it by 20.
Moreover, it is important that these calculations should be conservative, not “too optimistic.”
Robbins wrote: “If you focus on doing what you like, then you will not only master the success of science and financial success, but also have the art of realizing realization.”
Related: Senior fund manager issued Dire S & P 500 warning 2025
