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

 

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