Automation is sexy, and who doesn’t want something automated – pulling them in $2k to $20k a month – whether they work or not?
Here’s some crappy retirement stats:
Average retirement age is 63, however we are living longer.
One out of four 65 year olds will live past 90. That means your nest egg needs to last 28 years or more.
A couple who retires at 65 will spend an average of $275k on Healthcare, out of pocket, according to Fidelity.
The average 401k or IRA account is $100k.
So, if you live 28 years past retirement, that’s only $3,571 a year!
Can you live on $297 a month?
Of course not.
Average social security was $1,371 a month. $16,450 a year.
So, with the average 401k and average Social Security that’s $1,668 a month to live on in your “Golden Years’ for the next 30 years.
Looks like Denny’s Value Meals for you, unless you create a second income stream using a network marketing business model.