Do you have enough money for retirement?
MOBE has released a new sales letter which targets the Baby Boomer generation.
And as you have seen in the title, the question is:
Do you have enough money for retirement?
The harsh truth is that most Baby Boomers don’t.
If you’ve spent the last 30 or so years building a family, working, and dealing with “life,” then you probably haven’t had much time or money leftover to build a retirement “nest egg.”
A recent study from EBRI (the Employee Benefit Research Institute) shows that the majority of Americans have less than $25,000 set aside for retirement.
That would barely support a married couple for ONE year.
Pretty shocking.
One recent Forbes article described it this way…
“We are on the precipice of the greatest retirement crisis in the history of the world. We will witness millions of elderly Americans, the Baby Boomers and others, slipping into poverty.”
There are 4 main reasons why the situation is so severe:
- Corporate pensions have virtually been eliminated and public pensions are in jeopardy. Even if you’re lucky enough to have a pension, there’s no guarantee it will be there forever.
- The great “401k experiment” of the past 30 years has been a disaster.Many Americans lost 38% of the value of their IRAs and 401(k)s from 2000 to 2003 when the stock market tanked.
Then in 2008, their retirement dreams were shattered (again) when they were hit with another 40% loss.
Putting your hard-earned money at the whims of the stock market is gambling with your retirement… and the odds are stacked against you.
- Other supposedly “safe” investments, like real estate, aren’t any better.
The U.S. mortgage crisis a few years ago was a stark reminder that housing prices do NOT always go up, and putting your money in real estate can be just as risky (if not riskier) than the stock market.
- More and more Baby Boomers are delaying retirement or trying to find work well past retirement age. With the economy the way it is, work is harder to find and the jobs that are available don’t pay enough to live on.
Watch the video below to get more information
Click here to get to the MOBE sales letter to learn more about it:
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