Posted October 28, 2013 at 10:00 am
By Brad Wajnman
According to a Wells Fargo study survey that was just released a couple days ago, a hefty 37% of middle-class Americans say they’ll never retire and will work until they’re too sick or die.
On top of that, 34% of ‘em think they’ll work until at least the age of 80, because they haven’t saved enough for retirement. That’s up from 25% in 2011 and 30% in 2012.
But what I find interesting is that only 24% of those surveyed view stocks as a good investment for retirement.
In fact, a majority (52%) say they shun stocks because “I am afraid to lose my nest egg in the ups and downs of the market”… which is at the root of why traditional retirement strategies have shifted in recent years from amassing assets to protecting them.
And hey, after what happened in the 2008 financial crisis, it’s hard to blame these folks for being gun shy…
But the truth is there’s nothing inherently wrong with investing a portion of your retirement funds in the stock market as long as you’re doing it using sound wealth-building strategies that won’t leave you in the poor house if your timing is off.
I prefer to focus on growing our long-term retirement portfolio using a combination of investing in rock solid dividend-paying stocks and leveraging my time and money via this fully automated stock trading software that’s been averaging about 3.5% per month in profits in our self-directed solo 401k.
Of course, there’s no one size fits all approach that works for every single member equally, which is why we like to share such a wide variety of alternative money-growing and money savings vehicles with you.
And on that note, no matter what stage in life you’re at, if you’re a U.S. resident, my latest report about “personal pensions” will explain how to set yourself up to receive a guaranteed stream of passive income that you can’t outlive.
It’s an often overlooked, yet time-tested way to grow and protect your retirement savings, while completely avoiding market volatility and the risk of losing ANY of your money.
NOTE: The above is a preface of one of several key resources, vendors, or programs that Brad Wajnman, Wealth Vault Research Director, revealed to our paid-up members on Friday, October 25th, 2013. To get the full review of this particular resource, either login, or become a member