| ’s still time to build that retirement nest | | | | disposable income in 1980 to -1% in 2006. In |
| egg…. | | | | other words people today, whether a one or two |
| History has shown us one of the most amazing | | | | income family, spend more money than they |
| financial shifts ever, as we’ve gone from | | | | make. By the way, the credit card companies |
| being a nation of savers to a nation of investors. | | | | love it. |
| Even somewhat more amazing is that it has | | | | The primary source of retirement savings/pension |
| happened in less than a generation's time. The | | | | income today is a 401(k) account. Again we have |
| Baby Boomers are coming! | | | | gone from savers - investors, safety - risk. |
| Welcome to chronologically speaking, middle age | | | | Making a work at home opportunity one of the |
| or as I like to call it: The AARP Generation. | | | | best ways to make extra income and take |
| With retirement just around the corner and old | | | | advantage of the many tax savings available. |
| age looming in the suddenly not-so-distant future | | | | The main problem is that the AARP Generation |
| for those of us in the baby boomer generation, | | | | came late to the 401(k) game. Whether through |
| financial concerns have become critically important. | | | | career changes, conversions from traditional |
| Just where do we find the extra income or the | | | | pension plans or some unforeseen circumstance |
| how to generate that extra income for those | | | | we really weren’t prepared to manage |
| maybe not so golden years? | | | | our own retirement funds. Now many of us are |
| In the past we might have skipped the | | | | trying to make up for lost time by earning extra |
| newspaper’s financial pages to read the | | | | money from a network marketing program or |
| sports section or worked on the crossword | | | | some other income opportunity, such as Cash |
| puzzle. Now we find the earnings reports and | | | | Gifting. |
| mutual fund listings endlessly fascinating weather | | | | The 401’s always work best if you start |
| online or reading the paper. | | | | saving a good percentage (10%) of your income |
| The challenge facing many of us, even if we | | | | very early in your working life. Future generations |
| aren’t baby boomers, is how to finance | | | | will be much better prepared to invest over their |
| our busy lives while trying to save for our | | | | entire working lives and manage their own |
| retirement years or maybe other unforeseen | | | | resources. The problem for those now nearing |
| expenses. Let's face it expendable time is a very | | | | retirement age is how to invest those dollars to |
| short commodity in today's hectic environment. | | | | provide a decent return. Even the simplest |
| This challenge looms even larger day by day as | | | | calculation demonstrates the problem. If |
| we get closer to retirement. One of the best | | | | you’ll need $3,000 a month in extra |
| ways to meet the challenge is to find a fully | | | | income and you plan on living for 20 years in |
| automated home based business model, that | | | | retirement, you’ll need to accumulate |
| doesn't steal all of your free time, and has the | | | | $720,000 in your 401(k) or by other means. Now |
| company doing all of the leg work for you. You | | | | that’s a lot of extra income to make up |
| now have the advantage of building income as | | | | for, if you got in the game late. |
| you continue with your every day endeavors. | | | | So, let me ask… How is your retirement |
| For generations, security and safety were more | | | | savings plan doing? |
| important than high returns on investments. | | | | To make up for lost time, some people will be |
| Having grown up during or in the aftermath of the | | | | tempted to choose very aggressive, and very |
| Great Depression, people were very reluctant to | | | | risky, equity investment options. This may seem |
| put their money in anything that involved | | | | wise today, but tomorrow it could be one of the |
| substantial risk. Investing hard-earned dollars in the | | | | worst moves you could have made. Has anyone |
| stock market was only for gamblers and | | | | watched what the market has done in the last |
| speculators, not for the average person. A | | | | couple of weeks? Great America theme parks |
| mattress was a safer place for any extra money. | | | | could model one of their rides after it. This also |
| Their plan for building wealth was pretty | | | | makes an internet business opportunity, Cash |
| straight-forward. Stay with the same company | | | | Gifting or any other multitude of work at home |
| for a long time and forget about any other | | | | adventures all the more palatable. |
| income opportunity. Rely on a great pension plan | | | | Ready or not, we’re all capitalists today. |
| from that employer, and salt away any extra | | | | The game of saving for retirement has changed |
| income in a federally insured personal savings | | | | the landscape of our future and betting our |
| account. | | | | futures on what the Dow Jones will be on the |
| For the Baby Boomer generation, however the | | | | day we retire is a high-risk and a high-stakes |
| blueprint has changed and earning extra income | | | | game that we can’t afford to lose. |
| has become a work at home opportunity for | | | | Eleanor Roosevelt said it very well: “The |
| many. | | | | future belongs to those who believe in the beauty |
| Traditional pension programs and savings accounts | | | | of their dreams.” Why risk everything on |
| have all but disappeared. The number of workers | | | | a roller coaster? The sooner you get involved |
| covered by traditional pension plans has dropped | | | | with a work at home opportunity, the sooner you |
| 73% over the past 20 years. Nationwide, | | | | can earn the extra income it looks like |
| according to the latest federal data, personal | | | | we’ll all need. |
| savings have dropped from about 10% of | | | | |