Reported about 2 months ago
Motivational speaker Tony Robbins cautions that depending on Social Security as the mainstay of retirement plans can lead to financial ruin. He emphasizes the inadequacy of the average $2,000 monthly benefits, which fall short of retired households' actual expenses, and warns of potential fund depletion by 2033. Robbins advocates for building a personal retirement fund through early and consistent saving, targeting 20 times annual expenses while diversifying investments across various asset classes, including gold, art, and real estate, to withstand economic uncertainties.
Source: YAHOO