America’s Retirement Crisis

America is facing a full-blown retirement crisis and almost no one is talking about it. 

That’s especially true of our politicians — because they don’t want people to know how badly they’re going to get screwed when the government starts clawing back more of their money.

First off, Americans are already falling short on retirement savings.

Lower- and middle-income Americans are most at risk of falling short on retirement funds, but in an environment of soaring costs and shrinking benefits, even high income earners are struggling.

For example, one recent study by The Pew Charitable Trusts found that households with incomes above the official poverty line but less than $75,000 (deemed economically “vulnerable”) will fall short of their target retirement income by an estimated $7,050 a year — using the common metric that retired households need to generate 75% of their pre-retirement income.

But like I said, it’s not just lower- or middle-income households falling short.

A separate study by Vanguard found that high-income late boomers (ages 61–65) are on track to replace just 69% of their pre-retirement income in the best-case scenario and 54% in the worst case.

This problem is further exacerbated by one of the hottest talking points in politics — raising the retirement age for Social Security.

Nikki Haley and Ron Desantis — two high-profile contenders in the Republican primary — are among those who have pitched the idea of raising the retirement age from 67 to 70.

This would cut projected benefits by about 20%. 

Of course, that idea is only being floated because our government has dug itself into a fiscal pit that’s resulted in a $22.7 trillion shortfall in Social Security funds.

So even if the retirement age isn’t raised, it’s still not likely that Social Security benefits will be paid in full to future retirees.

Pensions are coming up short, too, as they’re saddled with $8 trillion in unfunded liabilities.

And then the problem spirals, because the Pew study also found that inadequate retirement savings will significantly affect every state and the federal government over the next 20 years, resulting in a combined $1.3 trillion increase in public assistance costs.

So, yeah, the retirement system is in really bad shape. 

And that’s why you need to take matters into your own hands. You need to ensure not only that your retirement is funded, but that your money is safe from the encroachment of a desperate, greedy government. 

Because believe me, the government will kick every single retired American to save its own skin if it comes down to it.

The good news, though, is that I know someone who can help you do that.

I’m talking about none other than Brian Hicks — the founder of Angel Investment Research and the brand-new R.I.C.H. Report.

Brian isn’t just my boss; he’s a thought leader, mentor, and investment guru of the highest order. 

He’s independently wealthy and a testament to the kind of success that can only be drawn from true self-reliance. 

It’s not an accident that Brian got where he is, and it’s not some fluke that he’ll stay there. 

But the truly great thing about Brian is that he’s always willing to share. He’s always open for discussion. And he always has remarkable ideas. 

Of course, you don’t have to take my word for it. You can see for yourself right here — in Brian’s just-released e-book, which you can access for FREE.

That’s right, he’s giving it away — everything you need to know about the coming “Retirement Reset,” how to preserve your wealth and grow your money, and how to protect yourself and your family…

It’s all right here in a handy, condensed format.

So if you want to ensure that your retirement is anything more than a pipe dream, do yourself a favor and check it out.

Fight on,

Jason Simpkins

Simpkins is the founder and editor of Secret Stock Files, an investment service that focuses on companies with assets — tangible resources and products that can hold and appreciate in value. He covers mining companies, energy companies, defense contractors, dividend payers, commodities, staples, legacies and more…

In 2023 he joined The Wealth Advisory team as a defense market analyst where he reviews and recommends new military and government opportunities that come across his radar, especially those that spin-off healthy, growing income streams. For more on Jason, check out his editor’s page.

Be sure to visit our Angel Investment Research channel on YouTube and tune into Jason’s podcasts.

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