Your Biggest Retirement Problem — and a New Solution

A woman coming up with an idea
Photo by Asier Romero / Shutterstock.com

When it was time for my parents to retire, their chief concern was where to park their travel trailer.

Their home and cars were paid off, their pensions plentiful and their needs few. The money they’d saved was icing on the cake.

During their working lives, my parents weren’t forced to deal with big expenses that could have trashed their savings. The family’s health insurance was completely paid for by employers, and there was no deductible. My out-of-state tuition was only $600 a semester.

What a difference a generation makes.

I’m now reaching the same age as my parents when they retired, and life couldn’t look much different.

I’m sure you can relate. In fact, that’s why I designed a solution that will ease your retirement worries.

The problem: a shrinking safety net and skyrocketing expenses

For the vast majority of us approaching retirement these days, there’s no pension.

It’s been replaced by the 401(k): an often fee-ridden retirement plan that forces you to invest your own money, along with — if you’re lucky — a meager match from your employer. The day you retire, you’re on your own. And if the money you saved isn’t enough to last a lifetime? Well, that’s your problem.

Of course, we still have Social Security, but it was never meant to provide enough income to live on, much less fund a fulfilling retirement.

That leaves the third leg of your retirement stool: your personal savings. But putting money aside isn’t as simple now. Savings rates are low, the stock market is scary, and life is much more expensive.

Although my home is about the same size as that of my parents, my property taxes are 10 times higher. My wife and I pay $800 a month for health insurance, and that’s with a $6,000 deductible. Tuition is 20 times what it was when I was in college. The list goes on.

And now we’re living longer. That’s obviously a good thing, but it means paying for more years in retirement — in an era of skyrocketing medical expenses.

In short, you’ve got a problem: not knowing how to be sure you’ll have enough money to live for decades in retirement.

The solution: the knowledge to win your retirement

If you’re unsure whether you’ll be ready for retirement, you’re not alone. Most Americans are nervous about their golden years. But now’s the time to do something about it. How? The same way you deal with any other uncertainty: Understand where you are and explore potential paths to get where you want to go.

In other words, educate yourself.

As I started examining my own retirement challenges, I recognized the need to help others do the same. So, I put together a retirement “boot camp,” a course designed for those age 40 and over.

It’s called The Only Retirement Guide You’ll Ever Need.

The goal of the course is simple: to give you the confidence to know you’re on track to create the retirement you deserve.

Among the things you’ll learn in the 14 weekly lessons:

  • How to discover the retirement life you really want.
  • How to quickly become a master of organization — no more paperwork hunting.
  • Whether to downsize and where to live out your retirement years.
  • A simple, proven system to destroy all your debts.
  • How to create a spending plan that maximizes savings and minimizes expenses.
  • How to invest to reach your retirement goals and never outlive your savings.
  • How to know for sure you’ll have enough money to live the life you want.
  • How to score up to $12,000 more in Social Security every year.
  • Why you don’t need a financial planner and how to be your own.
  • How annuities and reverse mortgages can rescue your retirement.
  • How to stay in top shape and manage medical costs.

Try a chapter free

Want to check out my new course? Please do. In fact, I’d like your feedback.

Click here to check out the chapter on Social Security, called Social Security Secrets. You’ll undoubtedly learn some information you can use, including a technique that can increase your benefits by thousands of dollars every year.

This chapter is free — no obligation whatsoever. My hope is that when you see this chapter, you’ll want to enroll in the full course. So, go ahead … click here.

About me

I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Read Next
Big-Ticket Things You Should Never Buy
Big-Ticket Things You Should Never Buy

In this week’s podcast: Are you wasting big money on these common purchases?

What is the Cheapest Grocery Store?
What is the Cheapest Grocery Store?

Aldi, Kroger and Walmart: Which grocery store is the cheapest?

10 Types of Retirement Income That Are Not Taxable
10 Types of Retirement Income That Are Not Taxable

There are lots of things Uncle Sam can’t touch — so long as you play by the rules.

This Is the Best Online Savings Account for 2021
This Is the Best Online Savings Account for 2021

The rate of return is just one of several reasons this account stands out.

8 Surefire Ways to Get Rid of Debt ASAP
8 Surefire Ways to Get Rid of Debt ASAP

Here’s how to pay off debt fast and pain-free.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

How to Buy Gas At Costco Without a Membership
How to Buy Gas At Costco Without a Membership

The warehouse club often has some of the cheapest gas in town. Here’s how you can get it as a nonmember.

10 Things to Stop Buying If You Want a Clutter-Free Home
10 Things to Stop Buying If You Want a Clutter-Free Home

If you like to keep things simple, avoid these purchases.

A Simple Way to Silence Robocalls Today
A Simple Way to Silence Robocalls Today

A few steps can keep your phone from ringing when a spammer calls.

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

This iconic dinnerware is prized for everyday use as well as reselling for profit.

This Company Makes the Best Tires in America
This Company Makes the Best Tires in America

Driver satisfaction with tires is at an all-time high, but one brand stands out.

This Health Issue Can Hint at Dementia Years in Advance
This Health Issue Can Hint at Dementia Years in Advance

One type of pain is especially associated with cognitive decline.

Can I Switch to Spousal Social Security Benefits When My Ex Dies?
Can I Switch to Spousal Social Security Benefits When My Ex Dies?

Knowing when to claim can help you maximize benefits.

Medicare Will Not Cover These 6 Medical Costs
Medicare Will Not Cover These 6 Medical Costs

Don’t let these health care expenses catch you off guard in retirement.

Beware This Hidden Ingredient in Rotisserie Chicken
Beware This Hidden Ingredient in Rotisserie Chicken

Something foul may lurk in those delicious, ready-to-eat birds.

8 Things You Should Always Buy on Amazon
8 Things You Should Always Buy on Amazon

The giant retailer shines when it comes to these things, from basics to hard-to-find specialty goods.

5 Ways to Get Amazon Prime for Free
5 Ways to Get Amazon Prime for Free

Hesitant to drop $119 a year on an Amazon Prime membership? Here’s how to get it for free.

5 Ways to Fill Your Pantry With Free Food
5 Ways to Fill Your Pantry With Free Food

Anyone can take advantage of these resources.

Never Buy These 10 Things on Amazon
Never Buy These 10 Things on Amazon

Just because you can purchase something on Amazon doesn’t mean that you should.

7 Big Purchases You Should Never Make
7 Big Purchases You Should Never Make

Sometimes a big-ticket purchase is nothing more than a big waste of money.

5 States With the Worst Health Care for Retirees
5 States With the Worst Health Care for Retirees

All of these states are located in the same region of the nation.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

5 Products You Should Never Buy Generic
5 Products You Should Never Buy Generic

Sometimes the brand-name version is clearly superior.

6 Reasons You Should Stop Hiding Cash at Home
6 Reasons You Should Stop Hiding Cash at Home

Stashing money around the house is anything but harmless.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.