There’s one thing that scares most of us: retirement…
The U.S. is one of the most overworked developed nations in the world. We work hard and spend a lot of our time working. And usually, when we’re not at work, we’re thinking about that project that still needs to be finished.
We can’t totally escape work. Some of us enjoy the work that we do. For others, it’s a way to pay the bills and to support our families.
According to the U.S. Bureau of Labor Statistics, 85.8% of males and 66.5% of females work more than 40 hours per week. To put that into perspective, there are 168 hours in a week, and people are working at least 40 hours a week. That’s almost a quarter of the week dedicated to working.
Obviously, that doesn’t include the time that people spend commuting to and from work. And it doesn’t even include the time spent checking work emails while off work.
In the U.S., there’s no federal law that requires paid sick days. If your job doesn’t offer paid sick time, you have to come to work despite being sick or you’ll be at risk of losing your job.
And that’s just the tip of the retirement iceberg…
Saving for Your Retirement Is Hard
It’s not always easy saving for your retirement. Sometimes, it actually seems impossible.
Life tends to throw you lemons, and those lemons are usually in forms of expenses. A few examples of those expenses would be your car breaking down or, if worse comes to worse, you needing to buy a new car.
To keep making money and going to work, you need reliable transportation. After all, you need to get to work, and public transportation isn’t always the most reliable depending on where you live.
Another example would be if you or someone in your family needs some type of medical procedure.
Life is unpredictable, and it’s also very expensive, which makes it even harder to save up for retirement.
There’s always something. Your house needs a new roof, your basement flooded, you name it — it’s hard to catch a break.
The baby boomer generation’s retirement savings are in the danger zone. One in three baby boomers has $25,000 or less in their retirement funds. There’s no way that $25,000 is enough to live on for 20-plus years after retirement. It’s not even enough to live on for one year.
Northwestern Mutual’s Planning & Progress Study 2018 surveyed 2,003 adults and found that 78% of Americans say they’re “extremely” or “somewhat” concerned about not having enough money for retirement. And another 66% believe that they’ll outlive whatever retirement savings they’ll have.
It’s human nature to be afraid of the future. So, it doesn’t come as surprise when seeing those survey results. Every day, we worry about our financial security. It’s something we never stop worrying about.
Rebekah Barsch, vice president of planning for Northwestern Mutual, said:
The good news is that it’s rarely too late to start. In fact, we often compare financial and physical fitness because the hardest part is taking the first step. However, once people commit to a strategy and start seeing positive results, they’re motivated to meet and even exceed their goals.
It’s never too late to commit to a retirement savings strategy. Once you make it routine and you start to see the results of how much you’re able to save, it’ll make it easier to save more or continue saving.
There are plenty of ways to save for retirement that will need you to pinch a few pennies here and there. And there are also some ways to save that require you to invest a lump sum and watch that cash turn into more cash.
I’d prefer the latter. And I think you would, too.
You already work more than you have to. So, why would you want to do more work when it comes to saving money for your retirement?
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Don’t Be Afraid of Your Retirement
This Thursday, May 17th, will be your opportunity to learn how to start saving for your retirement in a simple and profitable way.
My colleague Brit Ryle will be conducting a webinar where he’s going to reveal a wealth-building secret that’s been around for years but is rarely used to its full advantage!
This proven system has been a way to generate double- and even triple-digit gains.
If you invest $1,000 into this system, it could result in you earning $114,000 or more!
Brit Ryle is a 20-year veteran of the newsletter business. You’ve probably even enjoyed reading some of his weekly, insightful editorials here on Wealth Daily.
On top of writing weekly for Wealth Daily, he’s also the editor of The Wealth Advisory, which mainly focuses on top-quality dividend growth stocks.
During the webinar, he’s going to talk about the wealth-building system that he’s been developing for years. He’s perfected his system, and now, he wants everyday investors to prosper from it!
He was just like you — worried about his retirement and about not having enough saved up. Now, his savings continue to grow and fast!
Trust me, you’ll take away a lot of useful information from this webinar.
Reserve your seat today and mark your calendars! Set up a reminder on your phone. Do what you need to do but don’t miss out on Thursday’s webinar.
It’ll be happening at 1 p.m. (ET) and 10 a.m. (PT).
No matter who you are, your age, your net worth, and your investment experience, this system will work for you and will make you money regardless of what’s happening in the market.
Click here to reserve your seat.
Until next time,
Monica Savaglia
Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter IPO Authority, a one-stop resource for everything IPO. She also contributes regularly to the Wealth Daily e-letter. To learn more about Monica, click here.
