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The SHOCKING Truth about the Retirement CRISIS | Morris Invest
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Many people have an idealized vision of retirement – just like you see on the commercials. You’ve been sold a lie of the American Dream, the 401k, and a cushy retirement by the beach.
But this is not the reality of what retirement looks like for most Americans. The most recent census showed that over half of older Americans are living on incomes of $30,000 or less a year.
If you want to retire comfortably, you’re going to have to go against the grain. There are two main things you need to know about building a strong retirement:
1. Alternative accounts can help you reach your goals faster. Did you know there’s an entire world of alternative retirement accounts out there? You have so many more options beyond the 401k and traditional IRA. Accounts like the self-directed IRA or solo 401k give you more control, more freedom, and if you do it right – better returns. Some of these account types even allow you to buy performing assets like real estate inside your retirement account, and those funds grow tax free. If this is something you’re interested in, my team would be happy to answer any questions you might have and see if it’s a fit for you. Just go to https://morrisinvest.com and set up a free 30-minute call. No strings attached.
2. Saving for retirement is impossible. What? I know – this is so countercultural to everything you’ve ever been told about retirement. But hear me when I say this: you cannot save your way to retirement, nor can you save your way to wealth. If the traditional path to retirement worked, don’t you think the outcomes would be better than $112,000 in a 401k or incomes less than $30,000 a year? This system does not work. Saving for retirement does not work. If you want to do better than this, you’re going to have to start building streams of income that can support your lifestyle.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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