The Coming Great American Retirement Crisis

The Great American Retirement Crisis: How We Got Here

 
The American Dream used to be: you work hard, you save your money, you live within your means, you have a few kids and raise them to respect others regardless of difference in opinion, you teach them to value and uphold the US Constitution, and when you hit your 60’s, you hang it all up and relax the rest of your days away.

Now, that concept is no longer a viable possibility for most Americans retiring in 2019. The reasons are many, so let’s cover a few key facts right now to see how to better understand what’s unfolding, and how to deal with it.

Retirement Costs Money

 
And lots of it, too. The simple facts are most Americans end up drawing around $1,400/month from Social Security, and the average 401k has about $95,000. Over half of American retirees have investments and money heavily invested in the stock market.

If retirement lasts 20 years, then that means $95,000 divided by 20 years, which leaves about $5,000/year on top of social security.

That means many Americans will be expected to live on $2k – 3k a month, hardly enough to spend lots of leisure time hitting the golf course or traveling and dining out at nice restaurants.

Throw in the cost of medical care which continues to grow into older age, and you’ve got a lot of people who can expect to live near the poverty line in their golden years.

Americans Save Less Money Now Than Ever

 
In what appears to be a fiscal epidemic, more Americans don’t have savings any more. About 50% of Americans don’t even have $500 saved for a rainy day.

Among retirees, 42% of Americans have less than $10,000 saved, meaning they will count exclusively on their Social Security check for survival.

Even selling a house and liquidating all that equity won’t mean a comfortable retirement for most, and now the news is reporting that many senior Americans won’t be able to afford housing or senior assisted living.

Indeed, not only is the American Dream fading away before our very eyes, it seems many people will actually live in poverty.

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Social Security Will Pay Much Less Soon, and Run Out of Cash Reserves in its Trust Fund

 
By 2034, The Social Security will no longer be able to pay out its max benefit, as its reserves will have run out and it will only be able to pay that which it immediately takes in, which is about 77% for social security and 96% for disability.

So for younger Americans who are having trouble even entering the workforce due to most new jobs being taken by people 55 or older, when they eventually draw Social Security benefits, they will likely be less than 77%.

FDR’s Grand New Deal Was Nothing More than a Ponzi Scheme All Along

 
It is becoming increasingly clear that the idea that big daddy government will take care of you from cradle to grave has finally been disproven. while Social Security was never intended to be used as the sole source of retirement income, it’s now showing how unreliable it will be for future generations of Americans even to supplement their retirement, if they can even afford to call it one.
 
A Gold IRA:

*Can protect you from the devaluation of the dollar due to un-payable US national debt
*Helps you make money even as stock markets decline, drop in price, or even crash
*Provides all the same tax benefits of a traditional IRA or 401k

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American savers lost an estimated $500 billion due to low interest rates since the financial crisis

Remember When Americans Used to Save Money? Me Neither

 
A savings account used to be the holy grail of personal financial responsibility, but these days, Americans are in no position to save even a dime.

Some Disturbing Facts About Americans and Their Financial Outlook

 
*Low interest rates have kept Americans from saving $500 billion to $2 Trillion over the past 10 years
*40% of Americans can’t cough up $400
*Over half of all new jobs in the workforce are taken by people over the age of 55
*More Americans say they are having to put off retirement to support their kids
*Low interest rates and Quantitative Easing by the Federal Reserve have resulted in a massive stock market bubble

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Gold Remains Undervalued Amidst a Sea of Toxic Financial Instruments

 
Gold remains traded at a level of around $1290/ounce, but if the market takes a sudden dive in a new recession, it won’t surprise anyone to see gold double or even triple in price the same way it did between the late 90’s and 2013.

That’s why it’s best to get some gold now while it’s cheap. If you have a 401k or IRA and want real physical gold as well as the tax benefits of an IRA, check out this free gold IRA kit for qualified investors.

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How to Protect Your 401k or IRA from a Stock Market Crash

How long do stock market crashes last? How long does it take to recover your losses once a major market downturn occurs? What % of your 401k/IRA should be in stocks/bonds/cash?

With so many Americans leaving the workforce to retire on a daily basis, and over half of them heavily invested into the current stock markets through their current 401k or IRA, it is becoming increasingly important for new retirees to develop a plan to survive an incoming recession.

The next recession is already underway in this blogger’s opinion, going off of economic fundamentals such as slowing retail sales, the Federal Reserves’s decision to stop raising interest rates even a little bit, housing prices dropping and new home starts decreasing, as well as other indicators such as record corporate debt, record personal debt, record student loan debt, and record auto loan defaults.

Fortunately there is still time, but how much time, is anyone’s guess. So for now, retirees should be mentally prepared to adjust their portfolios at the onset of the next recession, since they are not likely to be able to continue working to wait out the market for a recovery, as many unfortunately had to do in 2008. Since it takes an average of 6 or 7 years for stock prices to recover (if the stocks’ underlying company did not go bust during the crash), most people simply cannot afford to hang out in the workforce until they’re 70 years old.

So here’s some things you can do either right now or when you’re reasonably sure the recession has begun in the stock market. Remember, the stock market is not always a good indicator of the real economy, and may be the last domino to fall.

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How to Protect Your 401k or IRA from an Impending Stock Market Crash

 

*A general rule is to have your age in bonds

If you are 60 years old, then around 60% of your holdings should be in safer financial instruments such as bonds and treasuries. The rest could be in stocks, though even that gets riskier as the recession approaches.

*Be ready to convert your stocks into cash and sit on the sideline for the time being

While it’s impossible to time the market, as the clock ticks on, it becomes clear that no business expansion cycle lasts forever. The current expansion cycle, largely boosted by central bank manipulation like quantitative easing as well as corporate stock buybacks and tax cuts for the wealthy, is about to break the record for the longest boom period in market history.

A retiree/potential retiree could start selling off their stocks gradually now and getting into cash in a money market fund or money market bank account. Remember, there is a difference between the two, as the former is not FDIC insured, but is still considered relatively safe

*Take advantage of the only remaining bargains on the market

Gold and silver remain historically undervalued and have found price stability for the last 5 years. While precious metals don’t always go up in price/value tremendously when the economy appears to be doing well, once the recession hits and investors flee to the exits, you can expect metals to go up once again as the Federal Reserve bakes more inflation into the US dollar.

One great way to invest in metals is to invest 30% of your current IRA or 401k into a Gold IRA rollover. We offer a free kit on this site to qualified investors. Just click the link below to find out more.

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What the Stock Market Would REALLY Be Worth Without the Fed and Corporate Stock Buybacks

With the well-known fact that the markets are being artificially propped up by the Fed and record corporate stock buybacks, just what would the market be worth if you took those away?

By the numbers:

*Current Corporate Debt is at $9 Trillion USD
*Current Federal Reserve Sheet Balance is $4 Trillion USD
*Current Stock Market Capitalization in the US is $30 Trillion USD
*Subtracting corporate debt and the fed balance sheet from total market cap gives us a current value of 56% of its current value

The Real Value of the Stock Market?

 
The stock market would be worth only 56.66% of its current value without all the rampant manipulation which punishes Main Street and rewards Wall Street. Savers get decimated, losing out on trillions in potential income from lost savings due to artificially low interest rates to keep the stock market propped up.

To make matters worse, record price to earnings on stock shares are not producing good earnings for companies, housing prices are still out of reach of the average renter in hopes of one day owning their own home, and a global economic slowdown is unfolding, with even China facing its biggest financial risk from a European Union expected to go into recession sometime this or next year.

Current quantitative tightening may prove to be fatal for the current bull market, with recessions ensuing in 10 out of the last 13 times in history when the Federal Reserve raised rates after a period of lower interest rates.

It really is a matter of time before the next market downturn occurs with the US nearing its record for the length of a business expansion cycle. As shipping demand drops on lessened consumer demand, the next recession could be here sooner than people think.

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Rob Kirby – Bankers Will Send Gold and Silver Prices to the Moon

Rob Kirby – Bankers Will Send Gold and Silver Prices to the Moon

 
If they stop pushing the price of gold down in the markets with paper shares, the elites fear the rise in the price of gold would lead to mania and a loss of confidence in the current fiat monetary system, according to Rob Kirby in a recent interview with Greg Hunter. The Federal Reserve and the central bankers have been dumping paper contracts for gold with the London Gold Fix and on the COMEX to artificially suppress the price of gold and silver, but their ammunition is getting less effective by the day.

“They have lost the power to smear the market the way they used to” says Kirby, largely due to the fact that entities around the world like in Asia are buying up physical gold at an insatiable rate. The end-game of this is that the Western world will not be able to fix the price of gold and silver to an imaginary number to maintain the teflon appearance of the US dollar intact.

The appetite for physical metal in the East is enormous, and it’s not going down any time soon. The demand for gold in the US/Canada is very small compared to Asia, where it’s difficult to acquire tons of gold and silver. But times are changing, and the reason why is because the entire world is getting fed up with the “Fed” itself.

We’re going to experience precious metal being put on the blockchain

 
Monetary elites will see that “crypto-ized metals” will finally present a force that can defeat the manipulation in the Western based fiat monetary and banking system, bringing much-needed reality to the entire physical metals market. Most gold and silver metals investors and traders are already privy to the fact that a large amount of underhanded chicanery.

The US has also been relying upon the fact that oil must be purchased in US dollars, but with China creating the petro-yuan set to release in March of 2018, the US dollar’s days of freeloading off the backs of the rest of the world’s economies could be coming to an end.

Right now, no one can really redeem shares of SLV and GLD except for the bullion banks like JP Morgan and Goldman Sachs, in theory, and the process is shrouded in mystery. It’s ambiguous for a reason according to Kirby, and I think readers of our blog can see why. This is why putting precious metals on the blockchain stands to eliminate the selling of paper shares for metals that may not even exist, or selling the same piece of gold on paper 100 times.

This is why instead of investing in Gold ETFs on the stock market, putting your money into a gold backed IRA is the best option for holding significant amounts of gold and silver without having to store it all in your woodshed behind your house, though the option for taking physical delivery is there should you choose to hold it yourself.

$21 Trillion USD Unaccounted for by the US Government

 
More than an entire year’s worth of US GDP is missing from only 2 government departments. Dark money that is not accounted for is thought to exist in the government’s coffers for manipulating and propping up the current status quo like the US stock market, bond market, housing market, as well as cover military actions abroad.

Kirby and Greg Hunter both speculate that large amounts of dark money distort the true figure on the amount of circulating US dollars in the world, and they say the elites do this for a reason using offshore banks and foreign entities. This could explain how the bond market is getting rescued on a daily basis in the markets, which is evident on the charts and technical tracking indicators.

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Regal Assets: Here’s why Your Gold IRA Purchases Have Been Decreasing for the Last 2 Years

gold ira rollover for us dollar drop
the US Dollar is taking another beating
No one knows why the US dollar continues to drop in value, the stock market is at all-time highs, mortgages are down, renting is up, the Federal debt is at 20 Trillion, and yet, gold and silver prices remain suppressed.

This is why buying a Gold IRA or Gold IRA rollover is a great idea for a safe long-term asset to prevent you from another 2008 or 2007 wiping out your wealth again, while allowing for you to take physical delivery of the actual metals themselves.

Of course the experts in mainstream media’s echo chamber will never tell you about their masters controlling interest rates, dumping gold and silver paper futures on Sunday nights or JP Morgan’s not-so-secret trading desk to keep the price of metals and metal IRAs low, but we will here today.
 

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Good luck, and don’t end up in another situation like the 2008 stock market crash. Many economic signals are firing once again in the same vein.

As I clutch tightly my silver at night with the soundest of sleep 🙂

Has the economy “never been stronger”? The Answer, in One Chart

“The true state of the economy is measured in tangible things like goods sold and shipped, the price of bank stocks, and the yield on treasury notes, not fairy farts and unicorn whispers.”

-Abraham Lincoln (did not say this)

Rail Freight Volumes– an accurate indicator of goods purchased and shipped for all sales, including online and retail

economic collapse indicators

Deutsche Bank– one of Europe’s largest central banks and a pulse of the Western monetary system

deutsche bank collapse

US Treasury 10-Year Note Yields– when yields are low, it means investors who see no other viable investment are piling into this safe haven financial instrument to avoid risk

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10 year treasury note yields all time historic low

The Cass Freight Index measures the economy based on the companies that “represent a broad sampling of industries including consumer packaged goods, food, automotive, chemical, OEM, retail and heavy equipment.”

cass freight index tells real story on economy

Too Big to Fail Bank of America is breaking and testing new lows in 2016. With up to 50 Trillion USD in leveraged, unpayable derivatives, B of A like the other major banks right now can barely stay afloat, and less goods purchased by consumers means less financial products sold by banks.

bank of america stock

Ok, so that was technically 5 charts. But you get the picture. Other items to consider but no chart was available for:

Unicorn Whispers– If unicorns were real and one looked like this, then maybe I’d take its magical word on the economy without regard to facts. But only if it had a ninja cat brandishing a golden pistol riding atop its back, through an exploding rainbow.

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(video report: May tax returns showing economic slowdown)

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