Building on the ‘fantastic foundation’ of Social Security
"Social Security is a fantastic foundation for retirement," Fink said in an interview with Bloomberg in March 2024. "But if that's all you have when you retire, you're going to be living below the poverty line. It's supplemental, but it's not meant to be the totality of what you have in retirement."
As of May 2025, the average monthly benefit for retirees is $1,976, or under $24,000 a year, according to the Social Security Administration. The maximum benefit for an individual retiring at age 70 in 2025 is $5,108 per month or $61,296 a year.
Planning for retirement isn’t easy. It’s natural to have lots of questions about how much you should save per month and how to ensure you have a healthy income after you leave your career behind. If you want expert advice on planning your retirement, seeking a financial advisor is a smart first step.
Advisor.com connects you with vetted fiduciary financial advisors near you. All you have to do is answer a few simple questions about your finances, and Advisor.com matches you with a short list of certified experts to choose from.
You can then set up an introductory meeting with no obligation to hire.
Social Security likely won’t come close to covering your needs in retirement. In order to live the retirement you want, you’ll need to save up a separate nest egg to supplement your benefits. One of the ways you can do that is by consistently contributing to a retirement account like a 401K or IRA.
Diversify your IRA
With the inconsistent performance of the markets in the last few years, many of those close to retirement may be worried about putting their hard-earned dollars into stocks and bonds.
However, alternative assets can help you reduce your reliance on the stock market to grow your retirement fund.
Gold
A traditional hedge against inflation is gold. Unlike fiat currencies, the precious metal can’t be printed in unlimited quantities by central banks. And because its value isn’t tied to any one currency or economy, gold could provide protection during periods of economic uncertainty. This unique characteristic has earned it the reputation of being a “safe haven” asset.
As of May 2025, the price of gold has soared to record levels, surpassing $3,300 per ounce.
One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Thor Metals.
Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainties.
To learn more, you can get a free information guide that includes details on how to get up to $20,000 in free metals on qualifying purchases.
Real estate
Many Americans consider buying investment properties for income in retirement, but the current market — plus the work associated with finding and managing tenants — may make buying property less appealing.
Several real estate crowdfunding platforms are currently stripping out the management and admin that’s usually required when you invest in real estate.
If you are an accredited investor looking to make a larger allocation in this sector, commercial real estate investments might be worth looking into.
For years, direct access to the $22.5 trillion commercial real estate sector has been limited to a select group of elite investors — until now.
First National Realty Partners (FNRP) allows accredited investors to diversify their portfolio through grocery-anchored commercial properties, without taking on the responsibilities of being a landlord.
These are a few examples of past properties or acquisitions from FNRP. For a full list of currently available properties, visit the FNRP deal room.
With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities.
Simply answer a few questions – including how much you would like to invest – to start browsing their full list of available properties.
New investing platforms are also making it easier than ever to tap into the residential real estate market.
For accredited investors, Homeshares gives access to the $36 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors.
With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property.
With risk-adjusted internal returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets.
If you’re not an accredited investor, crowdfunding platforms like Arrived allow you to enter the real estate market for as little as $100.
Arrived offers you access to shares of SEC-qualified investments in rental homes and vacation rentals, curated and vetted for their appreciation and income potential.
These are a few examples of properties from Arrived. Check out the full list of single-family residential homes and vacation rentals currently available.
Backed by world-class investors like Jeff Bezos, Arrived makes it easy to fit these properties into your investment portfolio regardless of your income level. Their flexible investment amounts and simplified process allows accredited and non-accredited investors to take advantage of this inflation-hedging asset class without any extra work on your part.
Invest as you spend to save for your future
"We need to really educate our citizens about the need for savings," said Fink — though not via vanilla bank accounts. Investing, he stressed, allows people to take advantage of capital markets and compounding.
Thankfully, there are ways to invest for retirement no matter the size of your income or portfolio, so you don’t need to be reliant on Social Security benefits alone.
If you want to boost your nest egg over time without having to think about it, you can use Acorns to start saving and investing for retirement with just your spare change.
When you make a purchase on your credit or debit card, Acorns automatically rounds up the price to the nearest dollar and places the excess into a smart investment portfolio. This way, even the most essential spending translates to money saved for the future.
For those looking to enhance their investing strategy as well, Acorns offers different tier memberships, including a gold tier that allows you to customize your portfolio by adding individual stocks and includes a retirement account with a 3% IRA match.
If you sign up for Acorns today, you can get a $20 bonus investment.
