This latest pitch from Julia Guth is an ad for the Oxford Club Communique, their “entry level” newsletter, and she’s selling us on the idea that there’s an “Ideal Retirement Booster (IRB)” that can help you reduce risk and extend your standard of living during retirement by 27 years.
Which sounds almost magical, right? That’s what huge numbers of people need — particularly the younger baby boomers, the first people who’ve been mostly expected to fend for themselves when it comes to retirement savings (and who in many cases are far short of the savings they need for the comfortable retirement they envision).
Coincidentally, these folks in their 50s and 60s are also the prime market for investment newsletters.
So what is Julia Guth actually talking about? What is this “IRB” technique for boosting your retirement savings? Let’s look at some snippets from the ad, then explain:
“A study conducted by Yale reveals that people’s ‘expected retirement wealth is 90% higher compared to life cycle funds’ if they use this secret early on before switching to more conservative strategies, and that doing so would allow people to add 27 years’ worth of cash to their retirement fund.
“Another study by the Wharton School of Business proved that this ‘can decrease the time to retirement by over 10 years.’
“And a report published by JPMorgan concluded this is ‘a powerful but often underutilized way to enhance wealth.'”
So that sounds good, right? We know that Yale is full of smarties, so Ms. Guth can’t be just making this stuff up.
But what, specifically, does this “IRB” do? Is there some special technique or trading strategy? More from the ad:
“I call it the ‘Ideal Retirement Booster’ – IRB for short.
“Simply put, it’s a way to add decades’ worth of cash to your retirement fund… with one simple change to the way you invest.
“I will show you how you can implement this in about 20 minutes.
“It’s really not all that difficult.
“The problem is most people have virtually NO CLUE this exists.
“One of my contacts – a prominent financial advisor who formerly worked at Deutsche Bank – can’t understand why people don’t use IRB. He says, ‘none of my clients – or any other clients I know of’ use this.
“That’s a pity. Nothing I’ve ever encountered allows people to accumulate so much cash in so little time.”
Wow, sounds incredible!
So how do we accumulate all this cash in a short period of time?
What, oh please oh please, is this fantastic IRB?
More from Ms. Guth…
“We have over 73,000 Members – most of whom are in or near retirement age.
“The biggest concerns we hear over and over again are…Are you getting our free Daily Update
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- I haven’t saved enough for retirement.
- I don’t have enough income to enjoy retirement.
- And worst of all, I might run out of money….
“I’m not here to talk about how bad retirement can be.
“I’m here to give you a real solution…
“A chance to ensure your retirement is comfortable and secure…..
“I’ve never encountered anything that gives you more of an “upper hand” to build long-lasting wealth than the underlying approach to the IRB strategy.
“Dr. Dean Foster, professor at the Wharton School of Business, says that this simple approach ‘can decrease the time to retirement by over 10 years.'”
There are several examples given in the spiel, of individuals who turned their small savings into much bigger nest eggs using the “IRB” — and then we get into the other details that the Oxford Club uses to tantalize us:
“‘It’s Like Adding Rocket Fuel’
“In short, IRB is a way to potentially increase your returns by as much as 100% to 200% on every investment you make.
“It works just like normal trading where you buy and sell stocks… However, unlike regular stock trades, you increase your market exp