Now, this is only a general rule of thumb… But I think most conservative portfolios can earn 8% over their lifetimes. Robert Kiyosaki: “Why I’m sending you an URGENT tax letter”ĭid you know that depending on your situation, you could get up to $23,966 or more back this tax season?Įven if you’ve already filed, what you’re about to see is extremely time sensitive… So please click here now
Once you find out this “magic number,” you can then determine how much you need in your account to retire. Now, add up all those numbers… That’s how much income you’re going to need every year from your investments to live off of. Then, think about the things you’ll want to do… What are your hobbies and interests? Will you travel? How much will they cost? Write those down, too. Once you decide when you want to retire, you need to determine how much income you’ll need to live comfortably when you stop working.Īt PBRG, we call this your “magic number.”įirst, you need to think about your necessities when you’re not working… Will you have rent or mortgage payments? Property taxes? Healthcare expenses? Car payments? Think about them. Some people want to retire before 70… and others, after. But of course, this age will differ for each individual.
The first thing you need to do when putting together your retirement is to pick a retirement age.įor simplicity’s sake, if you want a “conventional” retirement, you should aim for age 70. In August 1971, the Nixon Shock sent the gold price soaring (over 47X).Īnd it made savvy investors, like Doug Casey, an absolute fortune – enough to acquire a 1,300-acre estate in Argentina, a ranch in Aspen, and mansion in Paraguay.Īnd now, Doug Casey’s right-hand man believes a second gold shock is coming.īefore this shock makes front-page news… Click here to learn more
#Retirement magic number how to
Would that be enough for you to live off of when you’re in the later stage of your life? If not, you need to do some planning.Īnd that’s what I’ll show you how to do today…Ī major shock hasn’t struck the gold market in over four decades… until now. Adding that to the average monthly Social Security payment of $1,461, you’d have about $2,100 per month in income-around $25,000 annually. If you were to put those savings in an inflation-protected annuity, you’d receive about $650 per month in retirement. That’s probably not enough to get you through your latter years… According to another study by the GAO, the median amount of savings for households of people aged 65 to 74 is only about $148,000. If you don’t have one of them, you’ll probably need to rely on the government to take care of you in your golden years.īut even people who are saving are far behind the curve.
IRAs and 401(k)s are great tax-deferred ways to build your wealth. I sincerely hope you’re not one of those people. Even more disturbing, 48% of people over 55 had no savings in an IRA. The GAO found that nearly half of Americans nearing retirement had nothing saved in a 401(k) or an individual retirement account (IRA). Government Accountability Office (GAO) released a survey about Americans’ retirement savings-and the results weren’t good.
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