Most people now know that social security shouldn't be what you lean on for your retirement. But, that doesn't mean that millennials and Gen Xers are saving enough for retirement. Most millennials have less than $100,000 in retirement savings when they should have saved up $500,000 by the age of 25, $1 million by the age of 40 and $2 million by the age of 50.
This is alarming! How can someone catch up towards retirement? You can either make more money or save more money. But, what if you are capped out at how much you can save? There's a solution. We use lender to fund our homes, our cars, but did you know you could use a lender to fund your retirement? That's called Kai-Zen and it can provide you tax-free retirement. To learn more about Kai-Zen and tax-free retirement click here.
When you save money you also have options to save in tax deferred and risky accounts, tax deferred and non-risky accounts, and tax-free and non-risky accounts. An indexed annuity will provide you a way to G.A.I.N. in retirement: Guarantee, Access, Indexing, Never lose money. Learn more about how to get a guarantee in your retirement click here.
If you'd like to make more money, I really suggest getting started in the life insurance industry. I wrote 10 reasons why to get started in the financial services industry. Read the post here.
If you'd like to earn more income, consider getting started as a life insurance agent. Learn more here.
Use this compound interest calculator to determine if you're saving enough for retirement. Then book a free consultation with me so I can help you reach your financial goals.
Comments