Retirement is the #1 financial worry with 65% of Americans worried about it and a majority thinking about it 4 times per week. The core problem is uncertainty – people have no idea how much they need, because we have created a system around building assets instead of income.

We spend our lives saving up a big pile of money in an effort to secure our future against a bewildering set of future risks including market returns, inflation, healthcare and longevity. This is spurred on by the vast majority of players in the financial services industry who want us to save as much as possible and/or “invest” in often complex, opaque and expensive products since their income is based on a percent of your assets (AUM) or on transaction fees where the price is not clearly marked.

An average 401(k) investor who pays 1% investment fees on a portfolio earning 4% will lose about 33% of their returns to those fees over a 20 year period. Put another way if you have $1M, then $400K in returns are lost to fees over 20 years (fees that go to your fund provider, broker or financial advisor).

I’ve talked with hundreds of our users who are planning for retirement, most of whom have $500,000 to a few million saved and they are all worried about whether they have enough and how they will generate retirement income and manage healthcare.

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