Download now: The Downfall of Cable, and the Rise of 5G!

The Most Valuable Retirement Plan in the World

I'm Personally Investing in THIS Retirement Plan

Written by Jeff Siegel
Posted August 23, 2016

Getting old sucks!

Some will tell you that growing older should be embraced. You’re wiser, calmer (not sweating the little things), and you finally get to relax after working for 30, 40, 50 years.

But screw that.

While those are all lovely benefits, the physical effects of aging are the worst. Especially since they’ll cost you a fortune.

According to a new study from Fidelity Investments, today’s 65-year-olds can expect to spend an average of $130,000 on health care during their retirement. 

Now consider this...

The median total household savings for those in their 60s is $172,000.

This is not good.

But Wait, There’s More!

According to the Economic Policy Institute, today, the median working-age couple only has about $5,000 put away for retirement.  

Truth is, today’s retirees are far better prepared for retirement than working-age folks. And that’s not saying much.

Most working-age people have accepted that retirement may never be an option, especially since their retirement dollars today won’t be worth much by the time they retire. And for millennials. Those poor, poor millennials. If they see even 10% of their Social Security by the time they retire, they’ll be lucky.

Bottom line: Most Americans are simply not prepared for the financial realities of getting old.

But it’s not all doom and gloom.

Fishing Trips and Yoga

One of the biggest expenses retirees face is medical care.

As I mentioned, Fidelity Investments says that today’s 65-year-olds can expect to spend an average of $130,000 on health care during their retirement.

This is up 6% from 2015 and 18% from 2014.

Now, I don’t know about you, but I’ve built a pretty solid nest egg over the years. And when I do finally decide to retire, the last thing I want to spend my money on is medical bills.

I’m looking forward to fishing trips, afternoon naps in my hammock, and growing a small crop of organic cannabis in my backyard in Kauai.

I’m looking forward to picking fresh mangos from our mango tree, morning yoga on the beach, and devoting entire days to reading books about famous Viking explorers and memoirs of prostitutes and politicians.

What I’m not looking forward to is spending all my time and hard-earned cash on medical bills.

Sure, we can’t build time-traveling DeLoreans powered by Libyan plutonium and go back in time, nor can we lock up Father Time in Guantanamo without charging him with a crime, but we can do something that will allow us to enjoy everything we’ve worked so hard for.

Some may find this to be a bit cliché or even obvious, but I’m going to say it anyway...

Invest in yourself!

Mitch Fields is 82 years old.

He was a career Navy man, and his wife was a schoolteacher.

The two of them worked hard, invested wisely, and always took care of their health. This is why Mitch can still spend every morning at the gym doing more pull-ups than most folks in their twenties.

Although his 82 years can be seen in the time lines on his face and from the immense amount of knowledge he shares with guys like me, physically, he’s in his prime. So last week, when I heard he was in the hospital, I was shocked.

But as it turned out, he wasn’t in the hospital because his heart gave out or he broke a hip. He was in the hospital because he was hit by a car while riding his bike during his morning bike ride — a 12-mile trip he does five times a week.

I went to visit Mitch to see how he was doing. And boy was he pissed.

Not because he was all banged up with a broken leg and a chipped tooth, but because he was going to have to dip into his retirement to pay what Medicare wouldn’t.

While Fidelity Investments tells us that today’s 65-year-olds can expect to spend an average of $130,000 on health care during their retirement, Mitch hasn’t spent anywhere close to that.

By eating right (no processed foods, lean protein, plenty of organic fruits and vegetables) and staying in shape, Mitch has been able to not only enjoy his retirement, but do so without paying a small fortune to cover his medical bills.

Mitch also tells me he plays a lot of chess and does a lot of crossword puzzles so he can “not get stupid and keep his mind right.”

When I told Mitch I would be writing about him, he said, “No one’s going to care about my story. It has nothing to do with investing.”

But it does.

Mitch invests in his health and well-being, and the return on his investment is beyond impressive.

So while I typically use these pages to tell you about new opportunities in the world of energy, agriculture, or legal cannabis, today I decided to tell you Mitch’s story, as it clearly serves as a valuable blueprint for an investment strategy that can help you save hundreds of thousands of dollars during your retirement.

Mitch is not going to sit around and wait to die, and he sure as hell isn’t going to use his retirement savings to pay for dozens of prescription pills and doctor visits.

Mitch is an investment genius!

To a new way of life and a new generation of wealth...

Jeff Siegel Signature

Jeff Siegel

follow basic@JeffSiegel on Twitter

Jeff is the founder and managing editor of Green Chip Stocks, a private investment community that capitalizes on opportunities in alternative energy, organic food markets, legal cannabis, and socially-responsible investing. He has been a featured guest on Fox, CNBC, and Bloomberg Asia, and is the author of the best-selling book, Investing in Renewable Energy: Making Money on Green Chip Stocks. For more on Jeff, go to his editor's page.

Buffett's Envy: 50% Annual Returns, Guaranteed