You know how most people approaching retirement don’t have enough savings?
It’s true. According to research, most people have not saved enough to make through their retirement years. In fact, a 2019 poll showed that 14% of baby boomers (born between 1946 and 1964) have nothing saved. Zero, ziltch, nada. Another report paints an even worse picture. It states that 48% have no retirement savings.
Although we live a land of wealth and unlimited opportunities, most of us do not take advantage of them. We so easily fall in to the routine of working for a paycheck with raises and (maybe bonuses) that keep us anchored there. It doesn’t help that most American increase their monthly spending with every pay increase. It’s never ending cycle that ends at a cliff when the paycheck stop and the social security check starts.
In 2020, the average monthly social security check is $1,503. Technically, that’s above the poverty line for a single person, but it’s sure not representative of the abundance we should be enjoying in the land of the free and home of the brave.
It’s not too late
The more you read about these grim numbers, the more that you wonder if you’re going to be in that category of people with too little saved to enjoy retirement.
You didn’t work for 40+ years to live a life of bare existence, did you?
You can create a better retirement future!
Listen in as we discuss:
ideas for creating new source of income
starting a small business
dealing with aging parents
real estate opportunities
and much more...
This podcast has no episodes yet! Check back soon.