Retirement may never come for many Americans.
As a result of the duel financial international tsunami, many retirement nest eggs have been devastated. These shrinking reserves have been further stressed by divorce, illness, unemployment and paying for children’s education. Defined pension plans have become a thing of the past as corporation have dumped the plans in favor of the almighty bottom line. Funds that had taken 13-20 years to accumulate were cut in half overnight.
Retirement may now be to a job at Walmart
The long term stability of the Social Security system is in question. As the baby boomers reach retirement in increasing numbers greater and great demand are being placed on the social security program. The majority of Americans when question admit they don’t believe they can count on payments from that entitlement program to sustain them in retirement. This is driving aging baby boomers to look for ways to make money online in increasing numbers.
Retirement and the 401k disaster.
The ill conceived 401k program has turned out to be a pale version of the retirement security it was claimed to provide. Not only has the financial crises shrunk its value but the internal fees charged by the institutions managing them can sap their long term growth by as much as 2/3 over time.
Will you be financially OK in retirement?
These are uncertain times. For financial security it’s become increasingly evident that you must look personally protect your own interest and those of your families. 2013 is no longer the world that promised long term employment, government retirement guarantee social security safety net or the corporate golden parachute of the now almost extinct pension programs. Now more then ever your financial destiny is up to you and you alone.
What did Rich Dad do about retirement?
Robert Kiyosaki of Rich Dad Poor Dad fame, has written a book entitled Retire Young Retire Rich. It is the 4th in the “Rich Dad Poor Dad series”. This book is about the ultimate wealth building tool “leverage” It encourages you to tap your innate talents and change your life. Rather then a how to it focus on attitudes for financial success. Owner your own business is the absolute best way to create financial success. There are tremendous tax advantages allowing you to keep more of what you make. The more you keep the more you have to invest. The more you invest in prudent well planned vehicles the closer you get to real wealth and PASSIVE INCOME. If your considering a business of your own, you need to take a close look at online affiliate marketing. You can start part time with a small budget and scale for success. With the right system, you can create success in as little as 90day. Put your self on the path to real retirement. Get yourself off the greater at WalMart plan today. Do It Now.
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