You have a 60% pay cut coming

It's no secret that Social Security is failing Americans.  On average, Social Security only pays you 40% of your pre-retirement income…  And it's set to be depleted by 2033 according to the Congressional Budget Office (CBO).  So if you're planning on taking social security…  Best case scenario you're going to take a 60% cut to your income whether you like it or not.  But 60% is hard to imagine, so let's turn that into numbers.  Let's pretend you're making $60,000 a year:  In that case, you have $5000 of income per month.  After tax, you have $4000 per month or pre-retirement income.  Then the moment you retire…  Your income gets reduced to $1600 per month.  Let me ask you a question …  Can you live on $1600 per month?  Because most people can't.  Frankly $1600 a month will barely pay for my insurance and property tax.  And the sneaky truth is that even in retirement…  Your costs don't go down all that much.  You'll still need a car (or two).  You'll still pay rent or have a mortgage.  You'll still have cell phone bills, utilities, and groceries to buy.  And your health insurance will likely go up!  Which means Social Security won't be enough.  And planning to retire on Social Security is like choosing to take a 60% pay cut.  (and that's assuming they don't go bankrupt in the next few years)  So rather than shrinking your life to fit Social Security or cutting your life down to $1600 a month…  Let my friend Bob Diamond show you [how to make as much as you want without ever worrying about pay cuts.](  - New Wealth Daily    Your Weekly Dose of Financial Wisdom Thanks for being a valued subscriber of New Wealth Daily. Each week, new practical tips, insights, and proven wealth-building strategies are delivered straight to your inbox. Our mission is to help you navigate the world of personal finance with confidence and clarity.  Spread the Word If you find our newsletter valuable, appreciate it if you could share it with your friends, family, or colleagues who might be interested in taking control of their financial future.  About New Wealth Daily New Wealth Daily is your go-to source for financial education and guidance. Our team of seasoned experts brings together decades of experience in finance, investing, and wealth management. New Wealth is committed to delivering unbiased, easy-to-understand content that empowers you to make smart moves to achieve your financial goals.  Have a Question? If you have any questions, suggestions, or need personalized advice, our team can help. Simply reply to this email and let us know.  YouTube Fan? Us On YouTube]( [Secret Link]( In order to unsubscribe from this mailing list, please click [here](