When you look close at the details, the truth is clear.
American retirement is in a shambles.
According to a recent study by the Federal Reserve, about a quarter of non-retired adults in the United States had no savings to speak of for retirement. The figure hasn’t budged since the Fed last carried out its “Report on the Economic Well-Being of U.S. Households” in 2019.
For those non-retirees who did report they had retirement savings, only 36% overall thought it was sufficient for their needs, while less than half of those age 60 or older believed they had enough retirement savings.
The median retirement savings amount, according to the Fed’s most recent data from 2019, is $65,000. For Americans from ages 55 to 64, the median retirement savings was about $120,000. These figures don’t amount to much when you realize that the average couple spends about $200,000 on medical treatments alone during their retirement.
With the spread of the pandemic, many folks’ retirement plans were further upended. In fact, the proportion of people who said they were worse off financially than a year prior was the highest it’s been since the Fed began asking this question on its survey in 2014.
The situation is untenable, which is why I’ve decided to do something about it.
I call it Project Mastermind, and it’s a retirement game changer.
Now, I happen to manage my own multibillion-dollar investment fund. I’ve identified some of the top-performing stocks of the past quarter century when they were trading for peanuts…
Like eBay, Inc. (EBAY), up as much as 823% since my recommendation. Or Starbucks Corporation (SBUX), up as much as 962%, or Google parent company, Alphabet Inc. (GOOG), up as much as 1,284%…
But my new initiative is not for my big-money clients. That’s because I realize many folks at or near 65 don’t have years and years to wait for the type of retirement they deserve. Retirement is supposed to be a time of rest, relaxation, and recuperation from years and years of hard work.
That’s where my Project Mastermind comes in. On Wednesday, October 20, at 4 p.m. ET, I will present the power of Project Mastermind and show what it can do for you. I will also reveal the stock I’ve rated No. 1 based on insights from Project Mastermind – absolutely free.
Simply click here now to reserve your spot. I don’t want you to miss out.
The goal is to uncover what might be the most powerful group of stocks in the market… a unique set of companies that are primed to go up by incredible multiples faster than any others – in three to six months.
So stay tuned… we’re only days away from the event! Sign up here now.
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Alphabet Inc. (GOOG)