ilmscore | BlackRock Just Issued A Retirement Warning

BlackRock Just Issued A Retirement Warning

Published: 2024-04-01
Status: Available | Analyzed

Predictions from this Video

Total: 12
Correct: 0
Incorrect: 0
Pending: 12
Unrated: 0
Prediction
Topic
Status
The Social Security fund will be unable to pay full benefits by 2034 if changes are not made.
"The Social Security Administration itself says that by 2034 it won't be able to pay people their full benefits."
Social Security Fund Solvency
Pending
The Netherlands is gradually raising its retirement age and automatically adjusting it based on life expectancy changes.
"The Dutch are gradually raising their retirement age and they adjust the retirement age as the country's life expectancy changes."
Retirement Age Adjustments
Pending
If no changes are made, Social Security payments will begin to be cut by 2034.
"if changes are not made by 2034 they will have to start cutting their payments"
Social Security Payments
Pending
The Social Security tax is capped at $168,600 of W2 income for 2024.
"this social security tax is not applied to all income it's only applied to your W2 income up to $168,600 which means let's say you made a million from your salary"
Social Security Tax Cap
Pending
For individuals under 45, their Social Security taxes will fund current retirees' benefits, not their own future retirement.
"if you're under the age of 45 this money that you're paying in the form of Social Security taxes is not going to fund your retirement it's going to fund somebody else's retirement"
Social Security Fund Status for Under 45s
Pending
The Netherlands began gradually increasing its retirement age 10 years ago, and it is now automatically adjusted based on the country's life expectancy.
"in the Netherlands 10 years ago they started gradually raising the retirement age and now the retirement age is automatically adjusted as the country's life expectancy changes"
Retirement Age in Netherlands
Pending
In 2022, almost 50% of Americans aged 55-65 had no personal retirement savings.
"in 2022 nearly half of Americans between the ages of 55 and 65 reported not having a single dollar saved in personal retirement accounts"
Americans Without Retirement Savings
Pending
Even individuals who save for retirement often struggle with how to spend their saved money effectively.
"even people who know how to save for retirement still don't know how to spend their money"
Retiree Spending Habits
Pending
The speaker aims for a 7% cash-on-cash return on real estate investments, translating to $70,000 annually in profit for a $1 million investment.
"when I invest my money in real estate I look for a 7% cash on cash return meaning if I invest in a million dollar today I'm looking for $70,000 a year in cash flow after expenses"
Real Estate Cash on Cash Return
Pending
The average stock's dividend yield is between 2% and 3%.
"the average stock is not paying 7% in dividends it's only paying 2 to 3% in dividends"
Dividend Yield of Average Stocks
Pending
A stock purchased at $100 with a $3 dividend (3% yield) could increase its dividend to $6 (still 3% yield) if its price doubles to $200.
"if you buy a stock today for $100 a share is paying out a $3 dividend a 3% yield and then a few years go by and now this stock is worth $200 a share but it continues to pay out a 3% yield that means now the stock is paying out a $6 dividend"
Dividend Growth Example
Pending
61% of Americans are projected to exhaust their emergency savings by the end of 2024.
"61% of Americans are expected to run out of their emergency savings by the end of 2024"
Americans Running Out of Emergency Savings
Pending