A Retirement Strategy for Late-Starters
I created a niche site named "401Konundrum" with the subtitle "Minding Mismanaged Futures." The goal of this site, much like this post, is to highlight alternative income-generating options that don't rely on lifelong savings, stock market performance, or professional portfolio management—common assumptions about retirement planning. Our Alternative Approach Our approach leverages the same principles of compounding and leverage but in a non-traditional manner. We focus on organizing knowledge, people, and money: Knowledge and People : We teach how to build and manage organizations. Money : We provide an alternative to the traditional "lifetime" savings approach. Traditional vs. Alternative Retirement Models Consider a traditional retirement model where someone has accumulated $1 million in a 401K. Assuming a conservative 6% annuitized return, this yields $60,000 annually—a result of 40 years of savings and growth. In contrast, our model emphasizes high...