Goal of your exit strategy

After looking at the government statistics, I realized that further distinctions needed to be make in order to obtain a more useful chart to determine one’s financial exit strategy. Taking these US government statistics, I added further dollar situations to those statistics, based upon the 2000 dollar valuations. Upon retirement at age 65 the income without working falls into these categories.

The unfortunate reality is that only one out of 100 Americans will reach the affluent level or higher when they exit the workforce. Chances are the 36 out of 100 will be dead as the government statistics state. These 36 will exist this earth prior to exiting the workforce. That means that 59 out of the 64 people remaining will exit below the affluent level. Only five go beyond that level. One reason for this is a slow financial plan without a clearly defined exit strategy.

Can I get to the affluent level on the slow train? Answer is, yes, you can get there with a safe, secure, high paying job but you must begin investing young, live frugally, invest a large portion of your income, how that the market does not crash and be willing to retire after age fifty five. There is price for using this plan of job security and frugality to reach the affluent level. The price is that it is often difficult to move on to the rich and ultra-rich level using such a conservative plan.