Retirement Millionaire Review: Is David Eifrig a Scam?

As an experienced investment analyst with over seven years of consistently generating profits in the financial markets, I’ve come across countless investment newsletters and advisory services. Some promise the moon and stars, while others deliver practical, actionable advice that can genuinely help investors grow and protect their wealth. One service that has caught my attention recently is David Eifrig’s Retirement Millionaire. With its unique blend of conservative investment strategies and lifestyle tips tailored for retirees, it stands out in a crowded field of financial advisories.

In this review, I’ll share my honest take on whether this newsletter lives up to its claims and how it stacks up against other services I’ve evaluated over the years. Whether you’re nearing retirement or simply looking for a safer approach to building wealth, I’ll break down everything you need to know about Retirement Millionaire to help you decide if it’s worth your time and money.

What is Retirement Millionaire?

Retirement Millionaire is a monthly newsletter published by Stansberry Research and edited by Dr. David Eifrig. It’s tailored for individuals approaching retirement or already retired, offering a unique combination of investment advice and lifestyle tips. The newsletter focuses on conservative strategies to grow wealth while minimizing risk, making it particularly appealing for those who want to safeguard their savings during their golden years.

Each issue includes stock recommendations supported by thorough research, with a typical holding period of around two years. Dr. Eifrig also incorporates a 25% stop-loss rule to limit downside risk—a feature that aligns more with trading than long-term investing. Beyond investments, the newsletter provides insights into living a “millionaire lifestyle” on a budget, covering topics like health, travel, and money management. Subscribers also gain access to trade alerts, daily market commentary through the Health & Wealth Bulletin, and special reports that dive deeper into specific financial strategies.

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Who Created Retirement Millionaire?

Dr. David Eifrig is the creator and editor of Retirement Millionaire. His credentials are nothing short of remarkable, combining expertise in both finance and medicine. After earning an MBA from Northwestern University’s Kellogg School of Management, he spent over a decade on Wall Street as a derivatives trader for firms like Goldman Sachs and Chase Manhattan. Frustrated by the greed he witnessed in the finance industry, Dr. Eifrig made a bold career shift, pursuing medicine and eventually earning his MD from the University of North Carolina at Chapel Hill.

Dr. Eifrig joined Stansberry Research in 2008 and launched Retirement Millionaire, along with other newsletters like Retirement Trader and Income Intelligence. His multifaceted background allows him to offer advice not just on investments but also on health and lifestyle improvements—a unique blend that sets him apart in the financial advisory space.

Is Retirement Millionaire Legit?

In my experience evaluating financial advisory services, legitimacy often comes down to the track record of the creator and the value provided to subscribers—and Retirement Millionaire checks both boxes. Dr. Eifrig’s extensive career in finance and medicine lends credibility to his insights, and the newsletter has been running successfully for over 15 years with nearly 100,000 subscribers.

However, it’s worth noting that Stansberry Research has faced criticism in the past due to legal issues involving its founder, Porter Stansberry. While this history might raise eyebrows for some potential subscribers, Dr. Eifrig’s reputation remains untarnished, and his work continues to receive positive feedback from readers. Additionally, the service offers a 30-day money-back guarantee, allowing new members to test its value risk-free—a reassuring feature for those hesitant about committing upfront.

Ultimately, Retirement Millionaire appears to be a legitimate option for retirees seeking conservative investment strategies combined with practical lifestyle advice. As always, though, I recommend conducting your own research before making any financial decisions.

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What is Included in Retirement Millionaire?

When you subscribe to Retirement Millionaire, you gain access to a variety of resources designed to help you manage your retirement finances and enhance your lifestyle. Here’s what’s included:

• Monthly Newsletter: Each issue provides one trade idea, complete with supporting research and the ticker symbol. The investment horizon typically spans two years.
• Trade Alerts: Immediate notifications about market moves that could impact the portfolio, including buy and sell alerts.
• Health & Wealth Bulletin: A daily newsletter blending market commentary with health and wellness tips from Dr. Eifrig and his team.
• The Stansberry Digest: Another daily publication offering general market insights, delivered every weekday after the market closes.
• Doc’s Full Library: Access to past newsletter issues and special reports, featuring stock picks, investing strategies, and lifestyle tips.
• Special Reports: Exclusive guides on topics like collecting “rent” from investments, saving on local attractions, or even securing free golf and wine vacations.

This well-rounded package combines conservative investment strategies with practical advice for living a fulfilling retirement on a budget.

Are Retirement Millionaire Members Getting Results?

As someone who values real-world outcomes, I always look for feedback from members when evaluating a service. Retirement Millionaire has garnered positive reviews from subscribers over the years. For instance, it holds a solid 4.2-star rating based on 288 reviews on Stock Gumshoe, which is considered a reliable platform for assessing financial newsletters.

Testimonials often highlight the newsletter’s ability to provide actionable investment ideas while offering lifestyle tips that genuinely improve quality of life. One subscriber, Art S., praised the service for helping him live well at a good price and on his own terms. That said, it’s important to note that individual results may vary due to market volatility and personal investment decisions.

Overall, while not every recommendation will be a home run (as is typical in investing), many members seem satisfied with the value they receive for their subscription.

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How Much Does Retirement Millionaire Cost?

The cost of Retirement Millionaire varies depending on promotions. Typically, an annual subscription costs $199, but new members can often access discounted rates—sometimes as low as $49 for the first year. There’s also an option to bundle the subscription with other services like the Stansberry Innovations Report at slightly higher rates.

One of the standout features is its 30-day money-back guarantee. This allows subscribers to try the service risk-free for a month. If it doesn’t meet expectations, you can request a full refund while retaining any bonus materials provided during your trial period.

Given its affordable entry price and refund policy, Retirement Millionaire offers an accessible way to explore conservative investment strategies without significant upfront financial commitment.

Praises for Retirement Millionaire

After diving into Retirement Millionaire, I found several aspects of the service that deserve recognition. Here’s what stands out to me:

• Conservative Investment Approach: The newsletter focuses on strategies tailored for retirees or conservative investors, emphasizing long-term holdings and minimizing risk. This approach is ideal for those who prioritize stability over aggressive growth.

• Holistic Retirement Advice: Beyond stock recommendations, Dr. Eifrig provides practical lifestyle tips, such as health advice, travel savings, and ways to live a “millionaire lifestyle” on a budget. These elements make the service more comprehensive than typical investment newsletters.

• Proven Track Record: With nearly 100,000 subscribers and over 15 years of operation, Retirement Millionaire has established itself as a reliable resource for retirement planning. Many active recommendations have performed well, according to reviews.

• Affordable Entry Point: The introductory price of $49 (often discounted from $199) makes it accessible for new subscribers. Coupled with the 30-day money-back guarantee, it offers a low-risk way to explore the service.

• Bonus Resources: Subscribers receive access to special reports, daily market commentary, and archived materials, which add significant value to the subscription package.

Criticisms for Retirement Millionaire

While Retirement Millionaire has its strengths, there are some drawbacks that I believe potential subscribers should consider:

• Limited Portfolio Transparency: Subscribers can only view open positions in the portfolio; there’s no detailed history of closed recommendations. This lack of transparency makes it difficult to assess the overall performance of the service.

• Aggressive Upselling: Upon joining, members are often pitched additional services from Stansberry Research, some of which are expensive. This sales funnel can feel overwhelming and detract from the user experience.

• Simplistic Stock Picks: Some reviews criticize the stock recommendations as being too basic or focused on well-known companies that many investors already own. For seasoned investors, this may limit the value of the newsletter.

• Automatic Renewal Policy: The subscription automatically renews at $199 per year after the first term, and this detail is somewhat buried in the fine print. If overlooked, it could catch subscribers off guard.

• No Social Features or Community Engagement: Unlike some other financial services, Retirement Millionaire does not offer chat rooms or community forums where subscribers can interact with each other or Dr. Eifrig’s team. This lack of engagement might be disappointing for those seeking a more interactive experience.

While these criticisms don’t necessarily undermine the legitimacy of the service, they highlight areas where Retirement Millionaire could improve to better serve its audience.

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Is Retirement Millionaire Worth It?

In my opinion, whether Retirement Millionaire is worth it depends on your financial goals and personal preferences. If you’re a retiree or someone nearing retirement who values conservative investment strategies and practical lifestyle advice, this newsletter could be a great fit. Dr. Eifrig’s expertise in both finance and medicine adds a unique perspective, and the combination of stock recommendations with health and travel tips makes it more than just an investment advisory—it’s a holistic guide to enjoying retirement.

That said, I wouldn’t recommend Retirement Millionaire if you’re looking for aggressive growth strategies or cutting-edge stock picks. The recommendations tend to lean toward safer, well-established companies, which may not excite more experienced or risk-tolerant investors. Additionally, the upselling of other Stansberry Research products can feel pushy at times.

For the price—especially the discounted first-year rate—it’s a low-risk way to explore conservative investing. And with the 30-day money-back guarantee, you can test the service without much commitment. Overall, I’d say it’s worth trying if its approach aligns with your financial goals.

Retirement Millionaire Alternative to Make Passive Income

While Retirement Millionaire offers valuable insights for conservative investors, I’ve found that building an online business can be an even better way to generate passive income—especially for those who want more control over their financial future without relying on the ups and downs of the stock market. One platform that stands out in this space is Wealthy Affiliate.

Wealthy Affiliate is an all-in-one training platform designed to help individuals build successful affiliate marketing businesses from scratch. Unlike investing in stocks, which always carries inherent risk due to market volatility, affiliate marketing allows you to create a steady stream of income by promoting products or services online. Here’s why I think it’s a great alternative:

• Low Financial Risk: Starting an online business through Wealthy Affiliate requires minimal upfront investment compared to stock trading or other business ventures. You’re not risking your savings on market fluctuations.

• Comprehensive Training: Wealthy Affiliate provides step-by-step training on how to build a website, drive traffic, and monetize your content through affiliate marketing. Even if you’re a complete beginner, their lessons are easy to follow.

• Passive Income Potential: Once your website is established and generating traffic, you can earn commissions passively as people purchase products through your links—even while you sleep.

• Supportive Community: Unlike Retirement Millionaire, Wealthy Affiliate includes access to a vibrant community of like-minded entrepreneurs who share tips, advice, and success stories. This kind of support can be invaluable as you grow your business.

• No Market Dependency: With affiliate marketing, your income isn’t tied to the unpredictable swings of the stock market. Instead, it’s based on the effort you put into building your business.

If you’re looking for a long-term strategy to generate passive income without the risks associated with investing, Wealthy Affiliate is an excellent alternative. It empowers you to take control of your financial future while creating something sustainable and scalable over time. For me, it’s been one of the most reliable ways to diversify my income streams—and I highly recommend it for anyone ready to explore new opportunities beyond traditional investing.

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