Here is a link to our Net Worth video that goes along with this video. https://www.youtube.com/watch?v=Ks8oxqBXIKs

hi ! I like the idea of your program but it makes no sense to me . Recent news has said that 64% of Americans are living paycheck to paycheck and that they would have a hard time coming up with $400 for an emergency ..I realize you are talking about retires /65 and above but there are many, many older women especially living off social security alone which the average is probably $10,000-15,000 annually .. I am not sure how you are calculating or where you get your figures ..did you hear of the trillions the govt spent just to keep people in their apts and homes ??? ..not to give you a hard time but just trying to understand ??????? thanks

Spoiler: They make $17,500 USD per month, pre-tax.

Well this inflation definitely is hurting everyone. Retirees are still working or going back to work, so I guess that means they're not retired. I think you can find ways to keep housing and transportation cost down. But the key thing most people miss in the United States is health cost. Especially if you have to go into a care facility. All the supplemental insurance is getting more expensive, but with out it to accompany your Medicare, you'll suffer when it comes to quality healthcare. I've known millionaires who lost everything because of a serious health event.

Muy bueno!!

Hi guys, we enjoy your videos. A question for you. Is the $61,000 income per person or as a couple?
Thanks
Gary

Great content. Love these kind of videos.

Well my personal calculation is way below the 65K average you mentioned, I'm starting to panic, but thanks for the info.

It does not surprise me that the UK is behind others. Our pension fund are constantly being raided by the government.

Hey guys. Just got back from Athens a few hours ago. What an amazing city. One of our favorite. Right up there with Zagreb, Croatia and Belfast, Northern Ireland. We could definitely see ourselves spending a month in Athens one day. As far as today's video, and it's another great one, my wife and I have set a taxable monthly income at retirement goal of $6000, or $72k/year. We use 2% inflation/year in our forecast as well. I think an important point for retirees is to try and reduce the amount of tax you pay at retirement. TFSA's, non-registered funds, and spousal RRSP's that allow income splitting are all good ways to reduce your taxes at retirement. Can't wait for next week's video.

Is the Median amount before or after tax?

Love you both- so inspirational! Could you please give your thoughts and overview of rental properties as income in retirement? My husband and I prefer 401k and other investments, but his older sister thinks we are very unwise to not have rental properties! They seem like a complete pain to manage with renters, upkeep and property management and taxes!
Would love to know your view?
Thx and keep up the great work!

Very informative. I’m not surprised about the 40% for housing because it probably includes utilities, homeowners’/renters’ insurance, property taxes and maintenance costs. I also assume transportation includes car insurance, car maintenance and repair, and in some cases a car payment.

Love watching you guys, I'm a soon to be 39 year old in Canada!
Edit: sorry I'm still watching … 3% from dividends?!? That seems shocking. The amount of people working does suprise me, but the % not from personal savings freaks me out ( as that's all we will have along with potential CPP OAS… my dad always said don't assume it'll be around)
So .. we are not large income earners and that's a tad scary though we are trying really hard to save

Is average income figure for 1 person or combined for a couple? Saw another figure that OAS claw back affects about 5% recipients. That also gives an indication. As to UK, I suppose it is less egalitarian. Remember reading a retirement plan where two long haul BA first class trips a year is a must, but also knew somebody taking a trip to Blackpool is entire annual holiday plan.

Half of retired Canadians have a nice pension. The other half live on $1,200 a month with no assets. That's just the way it is. Teeth are for the bourgeois.

I have zero plans to earn money from a job at 65 yrs old. My retirement will be funded by social security, 401K, and dividends. No company pension. That $47K/yrs medium American retirement income sounds accurate.
That's why it's so important to be debt free when you retire.

Hi Tina & Norm good to have the comparison have a good weekend and keep the good work up 😊🥂👍
Regards. Christopher Barker

We teach how to establish multiple streams of Truly Passive Income

What are the numbers in Australia?

interesting figures my friends guess most people want to retire on at least what they earn in their working years
with the cost of living going up crucial future planning is needed
🥸watch it all🥸Au👍 leaving a like👍

This is one piece of information, but there are so many other pieces missing if you are trying to draw any conclusions here. This is income at 65, but how does this figure change at 70, 75, 80, etc. because people without defined benefit pension might work full time longer or see the income drop over time. It would be good to see the figures for the other ages. Also, if the figure you quote is partially those who are 65 with some employment income, it doesn’t reflect those retired without employment income but who derive their income from higher net worth.

"When you stop chasing the wrong things, you give the right things a chance to catch you." –Lolly Daskal

Your video's made me inspired to plan my future retirement even i'm just alone. Happy to watch your videos.thank you for sharing this to the world.

Wages as a major source of income? For retired ppl? If they are working they are not retired, no?

Good video, thanks

I am 74 and my gross income in 2021 was $680,000.00 before the US Government and State of California robs me of $340,000.00!! I am not counting sales taxes, property taxes, and government fees!!! Even though I don’t have a mortgage on the two homes I own, I have property taxes. Making money is not the problem, keeping the money I earn is the problem!!!

Depends on which country you live in !!!!

So interesting! 23k for UK seems low though. A heated debate at work recently – re staff retiring, taking lump Sun and monthly pension and then returning to work part-time. Best of all worlds. But is it morally correct to "take" a job from a younger person trying to start a career?
Also so difficult for first time buyers to be successful in a purchase when cash rich older people are able to snap houses up because they are chain free and have lump sums but looking to rent out for income.
I don't know guys, how I feel about any of this as I totally see it from everyones perspective.
Being a adult really socks, lol !!!

Is this for individuals or couples?

Food for thought..glad I’m not an average joe blow..😎😎

Many people still need to work and lots of people still have mortgages.