NO ONE WANTS TO OUTLIVE THEIR MONEY$$$$
· AARP statistics state, to achieve a retirement income of $60,000 a year, the baby boomers(Americans born between 1946-1964) will need:
*$1200 a month from Social Security
*and $1800 from a retirement fund
*and then will still need to have investments of $700,000.
· Most retirees do NOT have that kind of money put away for retirement….. they have been living too much in the “here and now”, keeping up with family needs, and inflation therefore putting little or no money into any investment program.
· For the baby boomers, now is the time to be looking at this, work with a financial advisor, go to planning clinics in your areas, talk to your friends and family and find out what they are doing.
For me, I am doing it now, multiple streams of income.
· Just don’t wait.
· You may have to make some sacrifices and make some changes to do this.
· It’s never too late to get started…no matter what age.
· Bottom line, you do not want to outlive your money$$$$$$$
To your excellence,
Rebecca Russell
People do not get it!
They put all of their eggs in one basket and do not create multiple streams of income.
I say to people do you want to be a greeter at Home Depot?
Our future is not guaranteed, we need to wake up and take control and create more income streams.
Great post.
Wakes up your mind and thoughts!