Retiring to a Life of Leisure? Right! Think Again.
Can you make it on Social Security? Can you live the life you are accustomed to on Social Security? How about the company retirement plan. Is it still viable? Or has your company changed your group health insurance coverage to now include a large deductible, or has your premium increased beyond belief?
Millions of Americans are living longer are spending their golden years making the green. Through the 70s, 80s and even 90s are remaining on the job, or least some job.
This number will increase with the baby boomers. 17 % already expect to work indefinitely though financial necessity will be a bigger reason for their passing up the Golden Pond.
It wouldn’t hurt to have your Plan B ready to go. With the fear of a severe adjustment in the entitlement programs, like reducing Medicare and retirement benefits, it drives many to re-think
retirement.
Those who are turning 50 could avoid this by putting into action a Plan B now. Plan B would be an alternative income-producing vehicle that could not only handle current financial crisis, but could create savings and investments that could carry you through without holding down a job ad infinitum.
Hard to think about, isn’t it. The old ostrich syndrome rears its ugly head. The grasshopper and the ant come to mind. Those that take a hard look down the years will be O.K. Those who ignore the signals that being sent may find a hard road ahead.
Want to see my Plan B? Click here
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