by Michael Covel
Let’s be honest, if you’re planning to retire in the near future, you’re royally screwed…
The Fed has eliminated interest income through zero interest rates. The days of getting 5% interest on your hard-earned savings are a dead-end dream.
Artificially inflated stocks are at all-time highs by way of this insane interest-rate policy. And with stocks at these elevated levels, it’s hard to imagine much more than 2%–3% returns over the next decade.
Social Security? Come on. With a funding gap estimated at $13.4 trillion? Like it or not, your Social Security benefits will be cut big time… or you’ll be working well into your 80s. Or both.