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Retirement Millionaire Review (2022): Is Dr. David Eifrig Legit?

Last Updated: November 30, 2022
By: Hope
By: Hope
Retirement Millionaire Review


This Retirement Millionaire review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

What I Liked

What I Didn't Like

Before we get into it... who am i?

Always good to put a name to a face, so firstly, my name is Hope!

Like you, I was stuck working 8-10 hour days building someone else’s dream.

I worked at one of those cool tech companies that has omelet stations for breakfast & craft beer on tap for after hours.

To a lot of people that’s a dream, but to me… something was missing.

All I really wanted, was to actually enjoy life – more vacations, less stress, buy myself nice things without worrying about the cost… but that was something my 9-5 couldn’t provide me.

That was until a few years ago when I discovered a way to make money online by actually helping real people. 

People in this case were local business owners across the US.

Me and My Puppy

The page above is an example of how I do it. That one-page site generates $1,500/mo and I haven’t even touched it since it was put up.

That’s an $18,000/year raise from just one page.

That’s why local lead generation is my #1 business recommendation for recurring, semi-passive income. If you want to learn about that business model, click here.

Important: I am not an affiliate

for Retirement Millionaire

Why Does That Matter?

A lot of course reviewers have no experience with any of the business models or programs they review, and so they’re just making stuff up.

They do that because they want you to click through their link to buy from the person that the review is about!

They have no clue what it’s actually like to run the type of business Retirement Millionaire is teaching you to do.
I have absolutely no relationship with Retirement Millionaire, so you can rest easy knowing that I’m going to give you my honest opinion
This review is written based on my own experiences with this business model.

All that being said, let’s jump into things.

Planning for retirement might seem like an overwhelming endeavor for many people. The Retirement Millionaire advising service from Stansberry Research, perhaps, may make things easier for you.

Dr. David Eifrig of Stansberry Research runs Retirement Millionaire.

The service helps retirees (or those approaching retirement) save money to live a more prosperous retirement.

Or, to quote Stansberry Research:

“Retirement Millionaire is a monthly advisory that shows readers how to live a millionaire lifestyle on less money than you’d imagine possible.”

This review will go over Retirement Millionaire to see if it really is the best retirement plan service out there.

You’ll learn whether a retirement plan service is the right online business for you.

Alright, so Retirement Millionaire doesn’t exactly fit into a nice category.

At the end of the day, a retirement plan service is a… unique way to think about making money.

It’s certainly possible to make money with off-the-wall businesses like this, but unless you’re interested in taking years out of your life to experiment with an unproven business model, I would look elsewhere.

My #1 personal recommendation if we’re talking about starting a fully-online business has got to be the Lead Generation & Ad Agency business models.

There are a handful of programs that teach you the ropes, but my #1 choice that combines both of those business models into one is the Digital Landlords program

But, if you’re hard-pressed to jump head-first into an off-the-wall business model, let’s continue on to my full breakdown of Retirement Millionaire.

Retirement Millionaire Review: Overview


Retirement Millionaire, created by Dr. David “Doc” Eifrig, is a special research service offered by Stansberry Research.

Dr. Eifrig’s service instructs participants on long-term investing techniques that may be used to build secure retirement funds.

The monthly research service delivers a steady stream of stock recommendations, as well as Doc’s market analysis and other features.

It also includes several special readers-only reports on the most notable emerging trends.

According to its profile on the Stansberry website, Retirement Millionaire takes a moderately conservative approach to the market, which is ideal for most retirement strategies.

According to the service’s About page, the Retirement Millionaire portfolio typically has 20 to 25 open positions at any given time, with a typical holding period of at least two years for each stock.

Retirement Millionaire recommends that members begin with at least $1,000 in investable cash, making it an excellent choice for beginners, retirees, and anyone planning for retirement.

I’ll go over Retirement Millionaire in greater detail later, but those are the fundamentals of this monthly research service.

First, check out my review of the service’s chief strategist, Dr. David Eifrig.

Retirement Millionaire Review: Dr. David Eifrig Review

Dr. David Eifrig Review

Dr. David Eifrig is the project’s chief researcher and medical doctor with a solid academic background and a wealth of investing experience.

While Dr. David Eifrig has gained the most notoriety as the editor of Retirement Millionaire, he also serves as the primary editor of Retirement Trader and Income Intelligence.

Dr. David Eifrig Jr.’s Education And Career

Dr. David Eifrig Jr., better known as “the Doc” around the Stansberry offices, graduated with a dual MBA in finance and foreign policy from Northwestern University’s renowned Kellogg School of Management in 1986.

Soon after, Doc began his investing career as a derivatives trader at Goldman Sachs, where he eventually rose to the position of VP.

More Than A Decade Of Wall Street Trading Experience

Dr. Eifrig spent almost ten years in the financial industry, working for Goldman Sachs, Chase Manhattan, and other organizations on Wall Street.

After 1995, Doc made the conscious decision to expand his horizons.

He left Wall Street to pursue his dream of becoming a doctor by attending medical school.

He enrolled in Columbia University’s pre-med program shortly after resigning.

Doc enrolled in the University of North Carolina at Chapel Hill School of Medicine in 1997 and graduated with honors in 2001.

Dr. David Eifrig joined the highly regarded Duke University medical school as an ophthalmology fellow in 2002 and remained there until 2004.

100,000 Members Are Already Reading Retirement Millionaire

Since the service’s inception, nearly a hundred thousand subscribers have read Doc’s Retirement Millionaire reports, which continue to grow daily.

Is Retirement Millionaire Legit?

Is It Legit

Consumers in the market research sector have a reputation for being particularly sour.

Since many customers are uninformed novices, very few companies can boast 100% satisfaction rates.

The Stansberry Research is the same.

Negative comments and reviews about the company can be found if you search for them. That being said, I don’t believe you should be discouraged from using Retirement Millionaire or any of its other services.

With Retirement Millionaire, you’ll get a lot of bang for your buck if you manage your expectations.

Remember that the market is inherently volatile.

Even the best stock pickers on the planet struggle to achieve a 60% success rate.

By accepting market uncertainty and using the research done by companies like Stansberry Research and Retirement Millionaire, you will have no reason to look back.

Suppose Retirement Millionaire does not meet your expectations. In that case, you have an entire month from the date of purchase to return it for a full refund, and you can even keep the bonus research.

In short, you have nothing to be concerned about regarding Stansberry Research or Retirement Millionaire.

You have 30 days to try the service, so take it for a spin and let me know your thoughts.

But, when it comes to building a business, you have plenty of options.

And even if you’re dead set on becoming a research service plan subscriber, you’ve got way better options than Retirement Millionaire.

Keep in mind, I don’t get paid to promote any of the programs I review. I personally think retirement plan service is a great business model, but you could end up leaving way too much money on the table.

Are You Ready For Financial Lockdown? Retirement Millionaire Review

In his most recent talk for Retirement Millionaire, Dr. David Eifrig warned that the country was on the verge of a devastating financial collapse.

Inflation Avalanche

For many years, inflation has been gaining ground in America’s financial system.

It’s become so routine that most people no longer even think about it.

For Doc, the economy is on the verge of a currency catastrophe due to years of free money and massive government expenditure.

Inflation is at historic highs in 2022, after more than a year of out-of-control government spending that shows no signs of stopping.

The Fed’s options are limited because interest rates are so low.

Worse, the Biden Administration is hell-bent on injecting trillions (with a “T”) more in government spending into an already overheated economy.

People who have money in stocks, savings, or other dollar-denominated assets face a terrible scenario due to all of this.

Runaway inflation could send the country back to the 1970s-era stagflation, but it could be much worse this time.

Financial Lockdown

So, exactly what is a “financial lockdown”?

Doc describes a situation in which people are trapped by “their own collapsing currency” and a “deeply indebted government.”

The official government narrative currently holds that the inflation spike is only temporary, but Doc sees few reasons to believe that.

Some may think this is an alarmist viewpoint; after all, things may appear to be going well right now.

Unfortunately, Doc claims this is always the case at the start of a currency collapse.

Economists refer to it as the “Money Illusion.”

It’s a phenomenon in which people measure their wealth in dollars rather than purchasing power.

How To Defend Your Assets

Doc doesn’t want you to wait for the world’s end to knock on your door.

The time to plan is not now, but yesterday.

Doc’s startling realization prompted him to focus his most recent Retirement Millionaire presentation on this critical issue.

Fortunately, he’s included several new resources with Retirement Millionaire that can assist members in protecting themselves from a currency crisis.

My Retirement Millionaire review covers the entire package in detail, including the aforementioned special reports, so stay tuned for the full scoop.

What’s Included With Retirement Millionaire?

  • One-Year of the David Eifrig’s Retirement Millionaire Newsletter
  • The New Era Playbook
  • Model Portfolio
  • The Perfect Inflation-Era Portfolio
  • The Two Most Valuable Assets in Crisis Time
  • The 100% Stock Boost
  • 30-day, money-back guarantee
  • Unlimited Access to the Bonus Special Reports and Archives

Retirement Millionaire Newsletter Review

Retirement Millionaire Newsletter Review

One of the most appealing features is their Retirement Millionaire newsletter.

Find Doc’s latest stock picks and market analysis here.

On the second Wednesday of every other month, you’ll get the latest issue of the Retirement Millionaire Newsletter.

Doc will also send additional email updates to keep subscribers informed.

Every month, the Retirement Millionaire newsletter provides all of the stock market information you require.

Doc’s writing style is informative and engaging, making the newsletter a pleasure to read.

It checks all the boxes, so I rate this service aspect highly.

Retirement Millionaire Model Portfolio Review

The example portfolio includes all of Retirement Millionaire’s active investment suggestions.

This is where you can discover the most recent updates to Doc’s stock recommendations.

When Doc revises his opinion on a stock, it will be reflected in the model portfolio.

It also includes performance data, up-to-date insight, and other helpful information for every stock with an active “buy” recommendation.

As a result of this feature, you can quickly see if Retirement Millionaire lives up to its name and is a good investment.

It’s a fantastic reference tool that makes it much easier to follow along with Doc’s trades.

More On Doc’s Mystery Assets

In this special report, Doc does more than just list potential investments; he also lays out a comprehensive strategy for making these purchases.

You may never have heard of these assets in the context of inflation resistance, and even fewer people outside of Wall Street are aware of their existence.

If the US dollar takes a turn for the worse, these two assets could be your saving grace, making this the most valuable report in the entire lineup.

Unlimited Access To The Bonus Special Reports And Archives

These are the latest additions to the richest Retirement Millionaire research library.

Throughout Retirement Millionaire’s 13-year run, Doc has released dozens of reports like this.

You can also access every Retirement Millionaire report through the Retirement Millionaire Bonus Special Report Archive as an added bonus.

This helpful resource is accessible via the online members portal using your personal online account, and it’s an excellent place to broaden your investing knowledge.

Retirement Millionaire Money-Back Guarantee Review

With each new subscription, Retirement Millionaire provides a 30-day money-back guarantee.

You can simply contact customer service during the 30-day money-back guarantee period to receive a full refund if the product isn’t what you expected.

Retirement Millionaire subscription once again takes the cake thanks to its no-questions-asked guarantee.

Though 30-day money-back guarantees are common in the research industry, this is only average in terms of refunds.

However, suppose you’re still on the fence. In that case, Retirement Millionaire’s guarantee should provide some reassurance, and it’s certainly a commendable feature of the service.

It’s safe to say that many people have found Doc’s retirement secrets to be well worth the price of admission, as his service has nearly 100,000 readers and has been running for 13 years.

Retirement Millionaire Review: Pros And Cons

Pros And Cons

Retirement Millionaire has a lot of positive attributes, but no one’s perfect.

Here are the good and bad aspects of this service:

Retirement Millionaire Pros

  • Guru with extensive experience
  • Money-back guarantee for 30 days
  • Approach to investing that is conservative; ideal for retirement portfolios.
  • Learn how to live a millionaire lifestyle on less money with our monthly advisory newsletter, including new stock recommendations every month.
  • Four “Financial Lockdown” special reports are included.
  • Access to previous special reports is unrestricted.
  • Each active recommendation is represented in a portfolio model.
  • When it’s time to act, you’ll receive an email alert.
  • Reputed publisher
  • A proven track record of success

Retirement Millionaire Cons

  • For aggressive traders, this may be too conservative.
  • There are no brief recommendations.
  • Options are not covered.
  • Stocks typically have a two-year holding period.
  • There is no chat room or other social features.

How Much Does Retirement Millionaire Cost?

Doc is offering a special discount to promote his Financial Lockdown report.

This monthly investment advisory service typically costs $199 per year for a one-year retirement millionaire membership.

However, under the current Financial Lockdown offer, you can get a full year for just $49!

This package includes the benefits above, research reports, and model portfolios. It provides a 75% discount on the total rate.

Is Retirement Millionaire Worth It?

Is It Worth It

The Financial Lockdown offer provides a great deal on an excellent product.

At $49 for the first year, you’re paying just over $4 per month for professional-grade research from Dr. David Eifrig Jr., a proven winner.

That’s a pittance compared to the benefits Retirement Millionaire could provide for your retirement account.

Consider it a small investment that could pay off big in the long run.

You get 12 recommendations throughout your membership for this low price, complete access to up to 25 additional stock picks via the model portfolio, and a trove of high-quality research reports.

Finally, the 30-day satisfaction guarantee is the icing on the cake for this research sundae.

It should be the final piece of convincing you to jump off the fence and give Retirement Millionaire a shot.

Retirement Millionaire is an excellent value, and you can’t go wrong at just over $4 per month.

Retirement Millionaire Review: Final Verdict

Dr. David Eifrig’s monthly advisory service impressed me.

Doc has a proven track record of success in over 20 years.

His inflation game plan could save your portfolio if the market tanked, and his focus on high-value stocks is ideal for any retirement portfolio.

I can’t see any reasons why you shouldn’t try out this service.

I recommend Retirement Millionaire to anyone interested in the types of investing strategies we discussed earlier.

In the worst-case scenario, the 30-day money-back guarantee covers you.

With Retirement Millionaire, you can learn a lot about the market.

You won’t be disappointed.

Alternatives To Instant Cash Solution?


Yes, there are plenty of other business models to choose from if you want to pursue making money in 2022. Here are just a few:

Is Retirement Millionaire A Scam?

Is It A Scam

Time for the $1,000,000 question: is Retirement Millionaire actually a scam?

I wouldn’t technically call it a scam, though others might.

It’s technically possible to make money with this program, so in that sense, it isn’t a scam.

What I’m saying is: after buying, someone will in fact send you a login to a website where you can actually view their material. No one is riding off into the sunset with your money, leaving you empty-handed… technically speaking.

But the second, more important question is: is Retirement Millionaire actually worth the investment?

My honest answer is that for most people out there, probably not.

There are countless other business models that are proven & easily scalable, so why risk it for… not an incredibly huge payoff?

I’d rather have a program with thousands of successful students & plenty of room for others to join.

If you’ve followed my blog for long, you know I recommend a few different programs depending on your skills & goals.

My current top choice is becoming a Digital Landlord, because you have a proven, systematic path to 6-figures, and you can do it from anywhere you want.

I’ve got friends in there posting deals from the middle of the woods in a camper-van with their pet pig… which is kinda cool.

What Is My Top Recommendation For Making Money Online In 2022?

Make Money Online With Digital Landlord

Alright, time for me to get real with my lovely readers for a moment:

I’ve personally tried all of the major online business models:

  • I’ve sold fidget spinners through Amazon FBA
  • I’ve drop-shipped a toilet bowl putting green on Shopify
  • I’ve sold women’s health supplements via Clickbank affiliate marketing

And I made money with all of them, so trust me when I say: there is no “perfect” business model.

THAT BEING SAID: I would at least recommend you implement something that is tried and true, because I’ve seen TOO MANY people (including friends and family) get burned by stuff like Retirement Millionaire.

They come out of left field with some random idea, make it seem attractive, and then make themselves a quick buck by luring in unsuspecting people.

I’m not saying Retirement Millionaire itself is a piece of trash, I’m just saying you need to be very, very careful.

This is a big reason why I only recommend proven, tried and true business models, like Lead Generation & Ad Agencies.

There are a bunch of programs out there that teach you those skills, but my top choice is the Digital Landlords program.

Why? It has proven leaders with their own 7-figure businesses implementing exactly what they teach you.

I’ve also got over a dozen personal friends in there, so I feel comfortable telling you it works.

Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, their program works.

Here’s why:

1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring (for the most part).

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.

2)Big Margins: With most businesses, you’re often going to have really slim margins. That means you need to hit a serious scale to make serious money.

Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.

Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.

Best-case scenario, you have properties bringing in over $3,000+/mo on “auto-pilot.”

3)It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income with a retirement plan service, you would need to exert time and effort. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.

4)You’re Helping REAL People: My biggest gripe with retirement plan services is that you’re basically only helping yourself.

But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.

You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other off-the-wall business models like a retirement plan service and maybe hit it big one day.

You could keep researching and researching for the next few months (or few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people that need it.

If this sounds like you, click here to see how it all works.

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