Kris’ note: The Legacy Research office is closed today for Martin Luther King Jr. Day.
And so, while the markets are closed, we thought we’d share with you a thought-provoking essay from colleague, Teeka Tiwari.
Since 2016, Teeka has helped many people make a large amount of money in crypto. In fact, over that time, 27 of his crypto picks have jumped at least 1,000%. No other newsletter editor comes close to that type of success.
And I’ve been in this business for 18 years without seeing anyone else come close to achieving a track record like that.
So, sit back and read on. Teeka will share with you why now is the most important time in your life to make one of your biggest financial decisions…
Do you want to live to 100?
If you’re like the majority of Americans, the answer is yes.
According to a study by AIG Life & Retirement, 53% of Americans say they want to live to at least 100 years old.
Thanks to modern medicine and science, life spans are increasing at an unprecedented rate. And the 100-year-plus age bracket is the fastest-growing in the country.
Think about that for a moment…
Right now, there are nearly 90,000 centenarians (people over 100) in the United States. That’s nearly double the number from 20 years ago.
If the population continues to increase at its current rate, the U.S. will have over 500,000 people over the age of 100 by 2055.
Some of you reading this will live to 100 – or longer.
That’s an incredible prospect. You’ll have more time with grandkids… more time to travel the world… more time to read books … and more time to spend on your hobbies.
But the scary part is paying for it all.
Those longer years will include additional health care bills… food bills… electric bills… insurance bills… and dozens of other bills.
Friends, it’s never too early or too late to plan for your retirement. The sands of time will continue to slip away regardless of your actions.
So today, I’ll tell you how to plan for your golden years – no matter how long they last.
But first, let me tell you why you should start preparing now…
More People Are Afraid of Going Broke Than Dying
According to the National Center for Health Statistics, 65-year-old Americans can expect to live, on average, another 18.3 years, or until about age 84.
That’s up from an additional 12.8 years in 1940.
And average life expectancy is increasing at a faster pace as medicine and technology improve.
Now, most people are counting on Social Security to bail them out. But if you rely – or will rely – on Social Security for a big portion of your retirement income, pay attention.
Only 9% of people say they’re “extremely confident” they’ll have enough income to last them through retirement. And 51% say they’re uncertain their current savings will allow them to go the distance, the AIG survey found.
In fact, nearly 60% of Americans are more afraid of running out of money in retirement than they are of dying.
And even people who are saving are far behind the curve. According to another study by the Government Accountability Office, the median amount of savings for households of people aged 65 to 74 is only about $148,000.
If you were to put those savings in an inflation-protected annuity, you’d receive about $1,106 per month in retirement.
Adding that to the average monthly Social Security payment of about $1,781, you’d have $2,887 per month in income – or $34,644 annually.
Would that be enough for you to live off of when you’re in the later stage of your life?
If not, you need to start planning your Freedom Number today.
What’s Your Freedom Number?
Even if you don’t plan on retiring soon, you still need to figure out your Freedom Number. It’s the amount you need to get the financial freedom you’ve always wanted.
And here’s a simple way to calculate your Freedom Number…
Think about the things you’ll want to do in retirement… What are your hobbies and interests? Will you travel? How much will those trips cost? Write those down, too.
Now, add up all those numbers… That’s how much income you’re going to need every year from your savings and investments to live off of.
Remember, the longer you live, the more money you’ll need to live comfortably.
That’s why everyone’s Freedom Number is unique. Each person has different life expectancies, goals, and comfort levels.
So only you – and you alone – can calculate your Freedom Number.
But achieving financial freedom is becoming much harder for most Americans. Here’s what I mean…
Just 30 years ago, the path to retirement was simple.
Back in the ’80s and ’90s, all you had to do to get rich was buy a diversified portfolio of stocks and hold them. When you cashed in, you’d buy 10-year bonds with 7% yields.
Throw in Social Security and pension payments… And you’d be set for life.
But that reality is no more in 2024.
Today, Social Security won’t cover most of your retirement expenses – if it’s even still solvent in 20 years. Few companies pay pensions anymore. And the Federal Reserve is expected to cut interest rates this year, which means lower yields on government bonds.
That’s why it’s so important to get your Freedom Number as early as possible. And in my experience, the best way to do that is through crypto.
According to my research, an official government document filed by one of Wall Street’s most powerful firms could trigger the biggest wealth-creation event in the history of cryptos…
Giving you a chance to turn a handful of $1,000 investments into your Freedom Number.
That’s why I recently held a special event called Freedom 2024 to reveal what this document is and the firm behind it.
Since 2016, I’ve helped numerous people make an enormous amount of money in crypto.
Over that time, 27 of my crypto picks have jumped at least 1,000%. No other newsletter editor comes close to that type of success.
This time, I believe the biggest gains will come from a tiny subsector of tokens that account for less than 1% of the crypto market. I’d wager 99% of people have never heard of them.
That’s where your opportunity comes in. You’ll have a chance to get in before the crowd.
Hear me when I tell you… If you miss this window, you won’t get a second chance because this event is only going to happen one time. You will get left behind.
If you want the opportunity to retire in comfort and on your own terms – no matter how long you live – then make sure to watch my special presentation here.
And let me show you how you can achieve your Freedom Number this year.
Let the Game Come to You!
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Big T