What Retirement Actually Costs

@socialcap

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Facetfacet.com

Financial advice from a certified financial planner at an affordable fixed fee. Includes financial planning, retirement planning, and investing.

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Why it worked

The video effectively uses a clear, relatable problem (saving for retirement) and illustrates the dramatic impact of time through simple, comparative math. The breakdown by decade makes the abstract concept of compound interest tangible and emphasizes the urgency of starting early, while the promotion of Facet offers a solution.

Summary

This video explains the cost of retirement savings by illustrating how starting at different ages (20s, 30s, 40s) drastically changes the monthly investment required to reach $2.1 million. It promotes Facet, a financial planning service, as a way to build a personalized retirement plan regardless of current age.

Structure

1Introduce the high cost of retirement ($2.1M)
2Show the impact of starting in your 20s
3

Original caption

BlackRock says you need $2.1M to retire comfortably. And “almost no one is close.” Here’s the math by decade. #facetad @facet #facet #retirementplanning #financialplanning Head to facet.com/tyler to start planning today.

More from @socialcap

Product placement

BlackRock, the world's largest asset manager, is mentioned as a source of data. Removing it would not change what happens in the video. Facet is an organization that provides financial planning services. The video demonstrates how starting retirement savings at different ages impacts the amount needed, and promotes Facet as a service to help with this. Removing Facet would change what happens in the video. Source: Yahoo Finance News (Feb 2020) is mentioned as a source of data. Removing it would not change what happens in the video.

Call to action

Visit facet.com/tyler to book an intro call today.

On-screen text

What Retirement Actually Costs BlackRock, the world's largest asset manager, says you need $2.1 million to retire, and unfortunately, no one is even close. Here's what it actually takes to get to $2.1 million at a 10% annual return. No. 1. Start in your twenties. $400 a month from 25 to 65 might get you to about $2.1 million. This is the cheapest time to start because compound interest has 40 years to work uninterrupted. Number two: Start in your 30s. Now, you would need to invest $1100 a month for the same potential outcome. You waited one decade and your required contribution nearly tripled. That's the cost of sitting out in your 20s. No. 3. Start in your 40s. $3,100 a month. It's not impossible, it's just considerably less forgiving. facet.com/tyler to book an intro call today. Yes, the best time to start was in your 20s, but regardless of how old you are right now, the second best time is today. With Facet, your team of dedicated CFP Professionals will help you figure out what you want your money to say about your life, not just your net worth, and build a plan around that answer. Flat annual membership fee. No commissions, no nonsense.

Transcript

BlackRock, the world's largest asset manager, says you need $2.1 million to retire, and unfortunately, no one is even close. Here's what it actually takes to get to $2.1 million at a 10% annual return. No. 1. Start in your twenties. $400 a month from 25 to 65 might get you to about $2.1 million. This is the cheapest time to start because compound interest has 40 years to work uninterrupted. Number two: Start in your 30s. Now, you would need to invest $1100 a month for the same potential outcome. You waited one decade and your required contribution nearly tripled. That's the cost of sitting out in your 20s. No. 3. Start in your 40s. $3,100 a month. It's not impossible, it's just considerably less forgiving. Visit facet.com/tyler to book an intro call today. Yes, the best time to start was in your 20s, but regardless of how old you are right now, the second best time is today. With Facet, your team of dedicated CFP Professionals will help you figure out what you want your money to say about your life, not just your net worth, and build a plan around that answer. Flat annual membership fee. No commissions, no nonsense.