Americans are getting robbed blind in their retirement accounts.
Don't believe me? Read on π
Don't believe me? Read on π
1/ In the last decade, target date funds have taken over retirement accounts. For people who get a 401(k) through their employer, this is often the only option.
According to Fidelity, 69% of millennials are 100% invested in target date funds in their retirement accounts.
According to Fidelity, 69% of millennials are 100% invested in target date funds in their retirement accounts.
2/ These are long-term funds whose asset allocation mix 'auto-magically' becomes more conservative as the target date approaches.
Not only do all these funds take fees for reallocating your assets, they barely beat the rate of inflation.
Not only do all these funds take fees for reallocating your assets, they barely beat the rate of inflation.
3/ The rate of inflation over the past 3 years is 8%.
Vanguard's Target Retirement 2060 Fund had a 3-year return of 9.08%. Fidelity's Index 2060 Fund returned 11.03%.
For reference, bitcoin is up more than 500% over the last 3 years.
Vanguard's Target Retirement 2060 Fund had a 3-year return of 9.08%. Fidelity's Index 2060 Fund returned 11.03%.
For reference, bitcoin is up more than 500% over the last 3 years.
4/ 69% of millennials are getting charged fees to have their retirement savings outpace inflation by ~1-3% and be told they're not allowed to buy bitcoin.
This is why I work with @choicebykt
This is why I work with @choicebykt
5/ Choice lets you buy real bitcoin with the same tax-advantages billionaire investors use for their investments.
6/ And Choice just released their iOS app. You can now open an account in less than 10 minutes from the palm of your hand.
Go search 'stack sats' in the app store and check it out.
You can also visit choiceapp.io/?utm_medium=soβ¦
Go search 'stack sats' in the app store and check it out.
You can also visit choiceapp.io/?utm_medium=soβ¦
7/ And one more thing -- I convinced Choice to extend their iOS launch bonus -- anyone who opens their account this week will get $50 in free bitcoin after funding.
So what are you waiting for?
Head over choiceapp.io/?utm_medium=soβ¦
So what are you waiting for?
Head over choiceapp.io/?utm_medium=soβ¦
8/8 You aren't going to be able to rely on Social Security for your retirement funds.
You have to make sure you put yourself in a position to be financially secure.
Go check out @choicebyKT and let me know what you.
You have to make sure you put yourself in a position to be financially secure.
Go check out @choicebyKT and let me know what you.
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