Manage episode 234026798 series 2391819
10,000 baby boomers are turning 65 every day for the next 10 years. How many will be able to actually retire? Baby boomers are defined as the generation born between 1946 and 1964 — in the United States, according to the Pew Research Center. Some reports say only 1/3rd of this population, estimated to be around 70 million people, have enough money saved to get them through what could be 30 more years of life. In fact approximately $1M in investments is what is needed to do that.
And a majority of those Boomers have invested their savings in the stock market, which has done very well for them over the past decade. But historically, stocks don't always go up. You don't want to face retirement and suddenly be in the midst of a recession, watching your 30 years of investment wash away overnight - like just 10 years ago.
Our guest today found another way. He's been following our "10 properties, 12 year" program and was able to “retire” last year and live off “some” of the rental income and use the balance to pay down the remaining mortgages.
He's been on our show before and he's back. Walt, welcome back to the Real Wealth Show!
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