The retirement crisis has gone global.
That means you have to work smarter, not harder, to retire comfortably.
A few days ago, the World Economic Forum released a study that found most retirees around the world will run out of money an average of 10 years before they die.
Japanese women will likely run out of money almost 20 years before they die, men by 15 years.
Canadians are likely to outlive their savings by a decade.
And the crisis is only going to get worse with time.
The factors include slowing global economic growth, wage stagnation, people living longer and the growing threat of automation to people’s livelihoods.
All those factors and more are all causing the retirement savings gap to widen year after year in country after country.
By 2050, the number of people over age 60 is expected to reach 2.1 billion, double the number in 2017.
In the six developed countries with the largest retirement systems – the U.S., the U.K., Australia, Canada, Japan and the Netherlands – the retirement savings shortfall is expected to hit $400 trillion by 2050. That’s up from $70 trillion in 2015. That’s a retirement crisis.
That means if you want to retire comfortably, working harder isn’t the answer. Working smarter is.
No, that doesn’t mean you’ve got to go back for a PhD or some other advanced degree.
You have to make the money you have work for you.
In fact, that’s one of the solutions suggested in the Investing In (and For) Our Future report.
Instead of sitting on cash, the report suggests that folks rethink risk.
Cash often earns virtually no return, which is especially true in the U.S.
The yield curve has inverted, meaning that yields on short-term bonds are now higher than long-term bonds.
That means interest rates on savings accounts aren’t likely to move higher – and right now the average yield is just 0.08%.
You can’t retire on that.
The report doesn’t suggest eliminating cash savings all together. But it does suggest investing more money into stocks and bonds than most folks currently are.
That what I mean by working smarter, not harder. By spreading your money across different sorts of assets, you can take advantage of market growth to help your money grow faster.
Our Liberty Check System will help you do just that.
In fact, you could collect $1,175 on June 29.
After that, you can collect checks about every 20 days, just like clockwork.
Click here now to find out how to avoid falling victim to the global retirement crisis.