The
Baby Boomer Syndrome
Finding
A Suitable Replacement Income For The Mass Amounts
Of Baby Boomers Who Are Reaching Retirement Age
Without A Reasonable Level Of Retirement Income
According
to the U.S. Census Bureau, there are over 78 million
Baby Boomers that consist of a group of people born
between 1946 and 1964. That currently makes Baby
Boomers the largest generation in today's workforce,
and as they start to retire over the next decade,
they will be faced with the daunting task of maintaining
their pre-retirement lifestyle.
Compared
with what previous generations faced as they closed
in on retirement age, Baby Boomers typically have
higher income, and have accumulated more wealth
to help with their retirement. Overall, a percentage
of Baby Boomers will have a higher income in retirement
than their parents had, and they are much less likely
to live in poverty after they retire.
While
this is true for some, there are many who still
enjoy this higher income, but have not prepared
well in terms of savings for the years to come.
This group continues to live a nice lifestyle while
taking advantage of life's luxuries, but has not
saved anything that will allow them to continue
this life and lifestyle into retirement.
There
is a whole group of others who have worked hard
all their lives, but lack of job security and other
circumstances have forced them to live from paycheck
to paycheck, not having the means to retire at all.
The
evidence is clearly showing that Baby boomers will
not be able to count on what was previously considered
retirement security. Private-sector pensions and
personal savings are no longer adequate to ensure
that most Americans will have enough to live on
when then retire.
In
addition, people live much longer today than they
did in the past, and as a result, they need more
money to secure their retirement years. Spending
thirty years in retirement is not out of the question
anymore, and with that longevity, retirees are faced
with the very real risk of actually outliving their
retirement assets.
How Much Income Do You Need to Retire?
Understanding
how much income one is going to need is a difficult
task, and expectations are very different today
than they were for previous generations. Financial
experts used to say that the goal was to be able
to replace somewhere between 60-80 percent of one's
pre-retirement income. The reason for that number
was the assumption that expenses would go down after
retirement, but that is not necessarily the case
any more in this day and age.
People
have a different vision of retirement today, and
that vision does not include the end of having fun
while living a productive life. Retirees want to
live a lifestyle of their dreams, do exciting things
including travel, and be able to handle the high
costs of housing, health care and long-term care
as it becomes more necessary.
In
reality, many Baby Boomers will not be able to afford
to retire, but they will not be able to continue
working productively either. They will be forced
to fall below the poverty line as they are faced
with financial insecurity combined with poorer health
in their "golden" years. According to
Benjamin Stein of the National Retirement Planning
Coalition, "Tens of millions of Americans
are seriously underprepared to meet their financial
needs in retirement." As many as 40
percent of Americans have saved almost nothing for
retirement.
So,
if you are a Baby Boomer nearing retirement, and
you don't see where your retirement income is going
to come from, then it is time to take action before
it is too late. Your future is not set in stone,
because there are steps that you can take to help
change the picture of your future. You can still
save for retirement and provide yourself with the
necessary assets you need to bulk up the size of
your all-important nest egg.
The
goal is to find a means to generate income for you
now as well as far into your retirement. Preferably,
it would be something that you can do from home,
or from anywhere, and it cannot interfere with your
existing life requirements. That may seem like quite
a tall order, but there is an opportunity that meets
these requirements, and it is the perfect way to
help Baby Boomers prepare for the retirement they
dream of.
What
Does Your Future Look Like?
Do
you fall into the category of Baby Boomers who are
not fully prepared for retirement? Do you believe
that your lifestyle will begin to suffer when you
retire?
Will
you ever really be able to retire, or will you always
need to work in order to provide for yourself and
your loved ones?
Don't
let your future be decided for you when you CAN
do something about it. Most importantly, do not
wait until it is too late. There has never been
a better time to get started in a remarkable business
that is changing the retirement landscape for so
many Baby Boomers.
Technology
and the current business climate enable you to establish
and build a business from the comfort of your home
or even from a hotel room or a beachfront resort.
You can live and travel and build your new business
from anywhere in the world.
Internet
access and a telephone are all that you will need
to build a successful business, and our team of
trained professionals will educate you and help
guide you down the path to success. It is amazing
to think that you can so easily change an uncertain
future, and begin to look forward to the retirement
lifestyle you always hoped for.
It
is time to stop worrying how you are going to afford
to live the rest of your life, and instead, take
the first step towards securing your financial future.
If you are ready to learn how you can begin to generate
a substantial income right away that can continue
to provide for you and your retirement, then you
are at the right place. Fill out the form below
for additional information.
Sincerely,
