How Much Do You Need To Retire | What The Experts Say

When it comes to retirement, most of us tend to have the same questions:

How much do I need to save each month?
What is the total amount I need to save?
How much can I take out once I retire?

Well I like to defer to the experts when it comes to answering these types of questions. The thing is though, the answer you get really depends on who you ask. For this video I look into what 5 different financial experts in the personal finance space say when it comes to the matter of retirement and answer the age old question: How much do I need to retire?

We will look at retirement advice from:

Dave Ramsey

Suze Orman

Mr. Money Mustache

David Bach (Author: Automatic Millionaire)

Robert Kiyosaki

Now each of these experts are VERY well known in their fields. And they each have their own unique view and perspective when it comes to personal finance. They have different styles of saving, investing and yes, approaching retirement.

Sure there are some over-lapping in some areas, but in some areas each of these experts have vastly different perspectives?

So who is right? Well the answer to that depends on you. It really matters who's advice really resonates more with you and you lifestyle. Each of these experts may be right at different times.

It's important to remember that personal finance is just that...personal. There is no one size-fits-all approach. What matters is what works for you. And keep in mind that these financial experts are still human. And no one is 100% right all the time. You don't have to agree with what anyone says 100%. Listen to what they have to say, then make your own decision on what is best for you.

It's your retirement. Are you a member of the FIRE community, if so your approach to retirement is going to be vastly different than someone else on a traditional retirement trajectory. Do you what to save enough for you to live simply in retirement? Or do you plan on saving more than enough in order to pass along an inheritance to your heirs? Again, those are going to be different approaches.

Looking for more money videos, I post new videos every week, subscribe to my channel: https://www.youtube.com/user/midge087

What is the Rule of 4%: https://www.youtube.com/watch?v=VlVR6BcDDyA

Have you ever heard of Coast FIRE: https://www.youtube.com/watch?v=397QhMiRR8M&t=37s

How many streams of income do you need: https://www.youtube.com/watch?v=uDK6EK28Moc

Looking to start investing in individual stocks, join Robinhood and get a free stock: https://join.robinhood.com/erinm1666

#retirementplanning #financialindependence #asktheexperts

Видео How Much Do You Need To Retire | What The Experts Say канала Erin Talks Money