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Think You’re Ready to Retire? These Numbers Say Otherwise
Think you’re ready to retire? Before you make that leap, take a hard look at the latest retirement savings data. According to new studies, the average 401(k) balance for people in their 60s might not be enough to guarantee financial freedom, and the median numbers tell an even more sobering story.
In this episode, we break down how much you should have saved for retirement by your 60s, reveal the surprising gap between the average and median 401(k) balances, and explain what those numbers really mean for your future.
#RetirementPlanning #FinancialFreedom #WealthBuilding #RetireSmart
Chapter:
0:00 - Are you really ready to retire?
0:17 - Real stats on 401(k) balances
01:03 -Fan Follow of the week
2:18 - Average vs. median retirement savings
5:55 - How much you actually need to retire
7:16 - Life expectancy and planning ahead
9:00 - Retirement confidence and generational gaps
11:46 - Do people still believe in retirement?
13:01 - Real couple’s retirement case study
14:59 - The 4% rule explained
20:15 - Why 401(k)s alone won’t cut it
21:23 - Using whole life and annuities for income
22:26 - When investments stop working
23:02 - Social Security as the main retirement check
25:00 - Why typical savings advice falls short
26:53 - Downsizing and other “retirement fixes”
29:13 - Creating a realistic retirement plan
31:27 - Guaranteed income options and next steps
32:34 - Final message: plan, act, and secure your future
If you're ready to learn more about the Infinite Banking Concept (and put JDew to the financial advisory test), you've got to watch our full Save & Spend Presentation and then schedule your FREE call with us at:
https://thebankingbros.com/save-and-spend-system-podcast-link
If you're interested in the source material (we didn't come up with this!), we'd highly recommend that you get a hold of R. Nelson Nash's book: Becoming your Own Banker (5th Edition) https://amzn.to/2ZMw0h6
You can learn more about us at: https://thebankingbros.com/save-and-spend-system-podcast-link
Follow and like us on FB, IG, and TIKTOK:
https://www.facebook.com/cashcompound
https://www.instagram.com/thebankingbros
https://www.tiktok.com/@thebankingbros
View all episodes
By The Banking Bros
5
33 ratings
Think you’re ready to retire? Before you make that leap, take a hard look at the latest retirement savings data. According to new studies, the average 401(k) balance for people in their 60s might not be enough to guarantee financial freedom, and the median numbers tell an even more sobering story.
In this episode, we break down how much you should have saved for retirement by your 60s, reveal the surprising gap between the average and median 401(k) balances, and explain what those numbers really mean for your future.
#RetirementPlanning #FinancialFreedom #WealthBuilding #RetireSmart
Chapter:
0:00 - Are you really ready to retire?
0:17 - Real stats on 401(k) balances
01:03 -Fan Follow of the week
2:18 - Average vs. median retirement savings
5:55 - How much you actually need to retire
7:16 - Life expectancy and planning ahead
9:00 - Retirement confidence and generational gaps
11:46 - Do people still believe in retirement?
13:01 - Real couple’s retirement case study
14:59 - The 4% rule explained
20:15 - Why 401(k)s alone won’t cut it
21:23 - Using whole life and annuities for income
22:26 - When investments stop working
23:02 - Social Security as the main retirement check
25:00 - Why typical savings advice falls short
26:53 - Downsizing and other “retirement fixes”
29:13 - Creating a realistic retirement plan
31:27 - Guaranteed income options and next steps
32:34 - Final message: plan, act, and secure your future
If you're ready to learn more about the Infinite Banking Concept (and put JDew to the financial advisory test), you've got to watch our full Save & Spend Presentation and then schedule your FREE call with us at:
https://thebankingbros.com/save-and-spend-system-podcast-link
If you're interested in the source material (we didn't come up with this!), we'd highly recommend that you get a hold of R. Nelson Nash's book: Becoming your Own Banker (5th Edition) https://amzn.to/2ZMw0h6
You can learn more about us at: https://thebankingbros.com/save-and-spend-system-podcast-link
Follow and like us on FB, IG, and TIKTOK:
https://www.facebook.com/cashcompound
https://www.instagram.com/thebankingbros
https://www.tiktok.com/@thebankingbros
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