The following article discusses the fact that whether we like it or not, if we are to reach our retirement goals we must consider the increasing trend of the independent worker.
The worldwide financial crisis is getting worse. For the last several years, pensions, 401k’s and real estate have taken dramatic hits with no return in sight. It’s no wonder fewer Baby Boomers are retiring as planned, delaying with the hope they will have time to rebuild the nest egg sufficiently. Without a functioning crystal ball, that plan may not work.
The suicide rate for Baby Boomers has climbed steadily since 2000. Researchers found significant increases of more than 2 percent per year for men and more than 3 percent per year for women.
Many times a person will allow their challenges or shortcomings to keep them from succeeding or enjoying a truly fulfilling life. We have the choice to allow ourselves what we want or not.
Statistics show that the divorce rate among Baby Boomers is increasing at a rapid pace. Whenretirement looms marital relationships can be challenged, especially if the relationship wason autopilot for years with careers, family, etc., and everything seemed ok.
Aside from sex being pleasurable it can also affect your health either positively or negatively. But how do you know if you’re having too much or not enough?
Are you bumping up against some unexpected roadblocks to your planned retirement? There are solutions and we can start now to minimize the effect of unexpected bumps in the road.
Are your real estate holdings underwater? Do you owe more on your mortgage than your property is worth? Struggling homeowner’s are under tremendous financial and emotional pressure due to the crash in the economy and real estate market.
Many are already feeling the crushing burden of too much debt. Retirement may no longer be an option unless and until you get your debt under control, preferably eliminated. You may need to create a second or third stream of income to really cover expenses.
Inflation in basic necessities is raging and expected to increase. There’s no time to lose in getting rid of debt that’s dragging you into the ditch.
Most of us have never retired before. This makes it hard to count on experience to figure out what to do. Role models are few and guide books confusing. Once retired, it takes months to realize we are not on an extended vacation but part of a new permanent lifestyle. In many ways entering retirement seems like . . .