Take 8 Minutes to Watch This… Because "Die Early or Broke" Shouldn't Be Part of the Plan
March 12, 2019 at 05:00 AM EDT
In 2019, the median income in the United States will likely top $60,336, while an American can, on average, expect to live well past their 78th birthday. The official retirement age - the "kick-in" for full Social Security benefits - is now 66 years and two months. That's up to a maximum of $2,861; the estimated average monthly benefit is $1,461. Lurking between the lines of these dry numbers are some frankly pretty shocking implications... If you're among the 58% of Americans who have any retirement savings at all, you stand a very good chance of outliving your money by a considerable margin. The grass doesn't look much greener on the other side. Forty-two percent of Americans haven't saved a nickel and are relying on a Social Security system that looks more and more like the Alamo each year to provide essentially all of their retirement income. So retirement is a big problem right now, but the proposed solutions all seem to boil down to "invest earlier and save more." That's hardly helpful. What will help - what could potentially bring the retirement crisis to an end for everyone - is to learn exactly how to make your money make you money. That's just what I'm here to help you do today: to help you secure a good monthly income for yourself and develop a plan to keep doing it, over and over again... Tags: Retirement Article To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Take 8 Minutes to Watch This… Because "Die Early or Broke" Shouldn't Be Part of the Plan appeared first on Money Morning - We Make Investing Profitable .