Following on from yesterday's discussion on the gentleman who was worried that $2.5m wasn't enough to retire on...
A recent article in the Wall Street Journal confirms what I've been saying for a long time right now...
Because a new Boston College study of retirees has been published...
And I'll quote from the article here
"Retirees with regular paychecks report higher levels of satisfaction than those who rely on 401(k)s to supplement their Social Security, studies have shown. The security of a lifelong income is a source of comfort and happiness, those with pensions say."
The story interviews Rick, a retired military man from Virginia, whose pension income is 50% higher than his spending rate.
And Rick seems to be living the good life... travelling around the world... seeing his 2 daughters and grandkids... and donating a portion of his income to his Church too
All of it possible due to the reliability of money coming in every month... well into retirement.
Without the stress of seeing your 401(k) balance fluctuations by tens of thousands every day... or recalculating withdrawal rates.
But here's the thing - if you don't already have that income set up... it's not all doom and gloom.
Because it's entirely possible to create your own steady stream of income from your portfolio.
I'm not talking about just buying dividend stocks... that's a fine approach but doesn't solve the core issue... and still leaves you at the mercy of the market.
Instead you use a portion of your portfolio to create your own pension using The Wheel Strategy.
You can do this to top up your existing pot... or you can live off the proceeds.
And even if you're still 20+ years away from retirement... you can begin creating some steady side income for whatever purpose you want.
Now here's even more good news...
If that sounds like something you'd like to have in place for the next 5... 10… or even 20+ years… then we're opening up the next cohort of Options Cashflow Accelerator this week
The class itself doesn't begin until August 12th, 2026... so you've got some time to get things in place.
But we're opening registrations today.
As always, spaces are limited because we do all our calls live, and we want to dedicate enough time to each student.
(That's a big reason why we have the highest student satisfaction rates in this entire industry)
However if you want to see what it’s all about, I’ve recorded this video explaining how it all works
Oliver