Kris Krohn | Mindset Markets and Millions

Kris Krohn argues that the average 401(k) balance at 65 is $254,000, which generates only $600 a month. Home equity averages $327,000, making homeownership a better retirement strategy than traditional savings.
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The common strategy everyone uses. At age 65, the average balance is $254,000. If you give that to your financial planner, they're going to annuitize that around 3%, you're going to get around $600 a month for the rest of your life. Now, you can't retire on Social Security plus 600amonth. So that means that 40 year strategy is not good. Meanwhile, the average equity in the average single family home in our country right now is $327,000. What that means is that a 40 a 40 year intentional retirement strategy, your single family home beats it. Which is why at age 65, I think the most common thought that a retiree is having is if I bought five more homes over the course of the last 40 years, I'd probably worth a couple million dollars and all of a sudden I'd be in a good situation instead of a bad situation.
Welcome to the Radical responsibility podcast. I'm Dr. Fleet Mahler and I'm excited to guide you on a journey of authentic transformation. In each episode, I'll bring you insights from leading experts to explore TR recovery, mindfulness practices, positive psychology, and innovative breakthroughs in health, wellness and life optimization. This is a space for real conversations that inspire meaningful change, helping you find alignment with the person you were always meant to be. Let's get started. What if transformation isn't just about thinking differently, but feeling differently? Science shows us that true change happens when we align, not just our mind.
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