Tag Archives: retirement

  • Blog

    Top Money Hacks For Financial Freedom

    Effective strategies for funding the life you want
    by Adam Taggart

    Friday, February 26, 2021, 10:02 AM

    13

    Want more money?

    Who doesn’t, right?

    Though that may not be truly what you really want.

    What most of actually crave is financial freedom. To enjoy a lifestyle free from money worries and that funds our needs and wants.

    Sam Dogen, famous online as the Financial Samurai, joins us to share the most effective wealth-building strategies that *anyone* can successfully pursue, regardless of current income or net worth.

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  • Blog
    pension bomb with lit fuse

    The Great Retirement Threat

    Pension expert warns of massive failures ahead
    by Adam Taggart

    Friday, November 20, 2020, 10:18 AM

    31

    Too many of America’s public pensions are dangerously underfunded due to over-promised payouts vs contributions and poor fund performance. And corporate pension funds are in the hole a collective -$50 billion.

    Given how overvalued markets are are, even just a period of 0% returns (which respectable analysts like John Hussman are waring will be the return over the next 12 years), let alone a sizable market correction, will unleash a catastrophic cascade of collapses across the pension system.

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  • Insider

    Live Frugally, Retire Comfortably

    The fast-track to financial independence & greater happiness
    by Chris Martenson

    Friday, June 28, 2019, 3:41 PM

    20

    Executive Summary

    • Best practices in cost-accounting from the FIRE movement
    • The appeal of the 4% annual expense strategy
    • Life hacks in extreme frugality
    • The Peak Prosperity community shares its collective wisdom

    If you have not yet read Part 1: Extreme Frugality, available free to all readers, please click here to read it first.

    What if it were possible to uncouple from the ‘rat race’ and thereby regain a big portion of your time to use as you please?

    I assume everyone would find that desirable.  Time would open up for one to volunteer, travel, get in shape, meditate, sleep or do whatever you desire.

    There’s a well-established movement underway the goes by the acronym FIRE, which stands for Financial Independence Retire Early.  It’s not for everybody, and has a ton of pros and cons, and I’m not advocating that anybody blindly adopt FIRE as their framework, although some of you may already pursue it and that’s fine.

    I am saying that the movement has put a lot of thoughtful time into managing the income and expense parts of life and it has a lot of very practical advice to follow if one wishes.

    My role is to set the stage. I’ve spent a huge amount of time reading blogs, finding resources, and condensing the learnings to save you time.

    And what I’ve learned is…

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  • Podcast

    Damion Lupo: The Qualified Retirement Plan (QRP)

    An option for direct ownership of real assets using your retirement savings
    by Adam Taggart

    Tuesday, June 11, 2019, 8:37 AM

    25

    The growing retirement continues to be a major focus here at PeakProsperity.com.

    Our recent podcast with Ted Siedle exposed the shocking insolvency of many pension funds. And on the private retirement account side, we’ve written numerous articles revealing the ‘failure to save’ of tens of millions of Baby Boomers.

    In today’s podcast, Chris interviews Damion Lupo who shines light on a potential option that may add useful value to folks planning for, or already in, retirement: the Qualified Retirement Plan, or “QRP”.

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  • Blog

    Will Your Retirement Efforts Achieve Escape Velocity?

    Sadly, most of us will outlive our savings.
    by Adam Taggart

    Friday, November 2, 2018, 11:41 PM

    38

    The concept of ‘retirement’, of enjoying decades of work-free leisure in your golden years, is a relatively new construct. It’s only been around for a few generations.

    In fact, the current version of the relaxed, golfing/RV-touring/country club retirement lifestyle only came into being in the post-WW2 boom era — as Social Security, corporate & government pensions, cheap and plentiful energy, and extended lifespans made it possible for the masses.

    But increasingly, it looks like the dream of retiring is fast falling out of reach for many of today’s Baby Boomers. Most will outlive their savings (if they have any at all).

    Will you?

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  • Blog
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    The Importance Of Knowing

    Without insight, action is useless
    by Adam Taggart

    Tuesday, November 28, 2017, 4:20 AM

    4

    At Peak Prosperity, we strive to help people advance in three key areas: KnowingDoing and Being.

    Doing and Being are the resilience-building steps we recommend. Helping folks develop their own personal action plans in these areas is the main focus of the seminars we run.

    But Knowing? That's the essential first part to master. Without sufficient understanding and insight to guide you, any action you take is merely groping in the dark.

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  • Podcast

    Gene Guarino: Investing In Residential Assisted Living

    An opportunity that can help millions of aging seniors
    by Adam Taggart

    Wednesday, November 22, 2017, 1:03 AM

    2

    Demographically speaking, the tremendous wave of aging Baby Boomers is an unprecedented event in our country's history. The sheer size of this age cohort, plus the concerningly-high level of financial unpreparedness for many of its members (which we wrote about at length last week in this report), will demand all sorts of new solutions be pioneered to address the needs of a massive number of aging seniors no longer in the workforce.

    Gene Guarino, founder of Residential Assisted Living Academy, joins the podcast this week to explain the model to Chris, as well as the ways that investors can get involved in this growing movement. Those with capital interested in "doing well by doing good" can participate in syndicates that own the residences, creating more inventory to expand this model to. The investment returns are attractive, as is being a part of a movement to offer more housing options to the fast-growing ranks of seniors looking to live with dignity.

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  • Insider
    Ruslan Guzov/Shutterstock

    Success Strategies For Retirement

    How to afford retirement, enjoyably
    by charleshughsmith

    Saturday, November 18, 2017, 12:26 AM

    18

    Executive Summary

    • The Importance of Adding New Income Streams
    • Income-Producing Assets
    • Taking Advantage of Subsidies
    • Hedges, Cost-Controls & Other Strategies
    • The 14 Steps to Prosperity

    If you have not yet read Part 1: The Great Retirement Con, available free to all readers, please click here to read it first.

    In Part 1, we revealed the woefully insufficient level of retirement savings — across IRAs, 401ks, and public pensions — America faces as it's largest demographic cohort, the Baby Boomers, now reaches retirement age. And eating quickly away at the scant savings that exist is the soaring cost of big-ticket essentials such as rent, higher education and healthcare that retirees can't avoid paying.

    So what can we do about it?

    There are only a few strategies that can make a real difference:  own assets and income streams that keep up with real-world inflation, radically reduce the cost structure of big-ticket household expenses, qualify for subsidies (i.e. lower household income), and/or adopt a healthier view of what prosperity in retirement means.

    Owning Income-Producing Enterprises and Assets

    This chart says volumes about the difference between wealthy households and middle-class households: the middle-class households’ primary asset is the family home, while the wealthy households’ primary asset is business equity: ownership of an enterprise or shares in enterprises.

    Developing a profitable enterprise is easier said than done (it helps to inherit a family business), and there is no guarantee a business that’s successful today will still be successful next year.

    Nonetheless, it’s striking that the middle class is…

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  • Blog
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    The Great Retirement Con

    Frankly put: retirement is now a myth for the majority
    by Adam Taggart

    Saturday, November 18, 2017, 12:25 AM

    13

    40 years ago, a grand experiment was embarked upon. One that promised US workers: using new 'defined contribution' retirement savings vehicles such as IRAs and 401k,, they'd be better off when they reached retirement age.

    Which raises a simple but very important question: How have things worked out?

     

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  • Blog

    The View From Under The Bus

    A visualization of the extreme plight of the saver
    by Adam Taggart

    Wednesday, November 30, 2016, 4:20 PM

    28

    Through borrowing way too much, bailing out rather than prosecuting bad actors, printing trillions of "thin air" dollars, a deliberate pursuit of financial repression and other schemes — the future prosperity of the "everyday American" has been stolen by those in power and those positioned closest to the trough. Mathematically, this orgy of excess needs to be balanced by severe austerity; an austerity the elites are forcing onto everybody else. No wonder the masses are pissed.

    Few visuals drive this injustice home better than this one of historical bank CD interest rates. Note how they've been in steady collapse since the mid-1980s.

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