Something Terrible Is Happening To Boomers.

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If you plan to retire by 2030, you NEED to watch this. The previous system is broken, and you need to be doing everything you can in order to protect yourself.

I outline the potential damages and show you how you can tread in the right direction for the safety of your future. Please pay attention, because it doesn’t look good.

For boomers especially, I hope this helps you plan the crucial next few years.

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[MarkMoss]

Join Me LIVE to discuss ⏩"Riding Liquidity Waves To Outperform The Big Funds Even During Market Downturns

[artspark]

You earn money pay a tax, you buy something pay a tax, you sell something pay a tax, you make money on investments you pay a tax, you get a pension or social security pay a tax. It's unsustainable. This is insane.

[dissy]

Between taxes and inflation ( the hidden tax) you will own nothing and will be miserable.

[Archibald_Quincy_Stanton]

Don't be the guy with an $80k truck and 5k in the bank. Be the guy withr 5k truck and 80k invested somewhere.
Social security is NOT your lifeline in retirement. You create your own lifeline.

[Gadfly]

It’s not immigration it an invasion .
My wife trying to get her sister here from Philippines 2 years now and refused at embassy even though educated, vaxed, and employed.

[puravida]

Excellent segment! I am a Boomer and retired abroad. We had a slogan in the military, Proper Prior Planning, Prevents Piss Poor Performance.

[vemmaguy]

I’m 47 will pay off my house this year, but now have to turn around and begin paying daughters college tuition. If I don’t she will never have a chance in Hell at a normal life because she would have to pay not only college tuition and a place to live, but all the other BS as well. Basically we need a Revolution because these greedy government politicians have destroyed our monetary system! 😡

[midwestron]

They have no savings, but they have a BMW, a boat, a motor home, and a 4 bedroom house.

[susanvollmar]

I had to retire because I have terminal cancer. I was wrongfully denied disability and am now about to be evicted after foreclosure. I get $1000 per month, which was a good wage in the '60s. Its impossible to live on this now so I have to choose now between suicide and being homeless. 😢😢

[TotalWealth]

I say, “When Mr. Wall Street and Uncle Sam shake hands and make a deal for ‘your own good’ (as they did with the 401k), that should be a warning sign!”

[patland]

Boomer here. Built a small home in another country for a tenth what it would cost in Los Angeles and a fourth what it costs where I currently live. Conservatively my wife and I should be able to save $12, 000 to $18, 000 a year into an account just from my social security check alone. If social security ceases to exist we can live off of the income of our savings and not use the principal. The United States is no longer a realistic option for a great quality of life in retirement.

[littlebitmckee]

The liberals need to see what Biden wants to do with their retirement accounts.

[xanthax]

They won't allow any generational transfer of wealth. One way or the other.

[ryanchinh]

I retired at 35 years old last year 2023. I never count on social security because by the time i turn 65 years old social security won't be exist anymore.

[chodkowski]

When you retire you don’t need as much money. Most people in retirement have their homes paid off. You don’t drive everyday. My car only sees 1, 800 a year so wear and tear and gas is very low. You should have everything you need to live by the time you’re 65. You no longer depend on restaurants to feed yourself. The money it costs you to work is no longer. I have a nice home, a nice car and my annual living expenses cost me $8, 200 a year.

[jglee]

They are neither immigrants nor migrants.

[lulabellegnostic]

There was no ‘piggy bank’. It was always being paid out of current taxation. Problem happens when those paying tax are exceeded by those standing around with a begging bowl.

[TotalWealth]

I say this all the time: “Retirement is Broken.”

The old model mostly works for corporate folks who have saved consistently without disruptions from divorce, disability, etc.

Part of the problem is that people have been sold the lie that they will be able to retire at 62/65 and never work again.

Some can… but many people are better off continuing to earn money, even if part-time or seasonal, perhaps freelancing or running a chill business.

When you look at the most successful people in the world (people like Warren Buffett, Morgan, Freeman, Barbara Corcoran), they keep working far past “retirement age” doing something they love.

It’s not just the smart, Rich, or lucky that get to retire… It is actually the smartest, richest, and luckiest people who keep contributing, keep giving and receiving for as long as they can.

[rnish]

He had debt. If you do not have debt you can live with far less income. Debt is the problem he needs to address.

[martyi]

A colleague of mine inherited a multimillion dollar inheritance (from his frugal relatives) he has blown through a large portion $$$ in the last 2 years on multiple high dollar sports cars, lavish home remodeling projects, Etc. his current lifestyle is unsustainable he works every day although overspending his monthly income, he continues to spend (can’t stop) and buys things looking for peace and happiness, I hear the family drama everyday he’s anything but happy!