For generations, retirement was the pinnacle of life. If you worked hard and saved harder, any American could live their golden years doing the things they loved most.
Many had pensions, generous Social Security distributions and extra savings to live off.
It wasn’t hard for Americans to live happily, especially in their old age.
But then things went awry.
Thoughts switched from “How much can we responsibly afford?” to “How are we going to make it through next month?”
Retirement simply isn’t what it used to be. Americans between the ages of 55 and 64 have an average of just $104,000 in savings. That translates to a paltry $310 monthly payment if invested in a lifetime annuity. Financial advisers say you need to have at least $1 million in savings in order to retire. Fewer than 5% of American households have money like that.
Social Security won’t make up the difference, either. Social Security is meant to be supplemental income or act as an insurance policy for those who fall on hard times. It is not meant to be the main source of retirement income. However, 36% of Americans rely solely on Social Security for their retirement. With the monthly check averaging just over $1,300, it’s clear why Americans are struggling. What can $1,300 purchase besides basic necessities? It certainly can’t cover home payments or unexpected medical bills. It certainly can’t let you live life to the fullest. Those payments aren’t expected to rise, either. Since 2010, the cost of living adjustment has averaged 1.1% a year. For most, that’s only a few dollars a month. Worst yet, by 2033, the Social Security fund is expected to be insolvent.
It’s time to stop ignoring the facts—America has a full-blown retirement crisis. Even though the government created this mess, it is clear they are not going to fix it. Denial, corruption and lies have led the American people to fend for themselves. And that’s exactly why Zach Scheidt wants to share ways to easily generate income without changing your daily routine. In fact, Zach recently showed readers how to make $9,400 within the last three months. That’s enough spending money for a vacation or a down payment on a brand-new luxury car.
One of the most misunderstood concepts is that you need to have savings to retire. This couldn’t be further from the truth. A savings account will disappear over time, but the same money put into income-generating assets will build your wealth tremendously. To retire, you need multiple sources of reliable income, and there are 47 unique ways to obtain those streams. It means living the retirement you always envisioned—and how to earn the income you need to do the things you want. New chapters are always emerging and never ending. They are what Zach delivers to eager subscribers each and every month. The retirement crisis will not solve itself, so it is up to you to make the most of what is given. Check your email tomorrow for Part Two of the Guide- where Zach shares how to generate the income you need to live the life you want. If you'd like to skip ahead and get his Income tips right away…you can claim your free book by clicking here:
Through this link, you can get a FREE copy of “The Big Book of Income,” with all 47 worry-free income ideas. Limited offer. Click here