Thursday, January 17, 2008
Retirement Planning For Baby Boomer s: Three Reasons to Plan Even If You Don t Want to Retire
Retirement Planning For Baby Boomer s: Three Reasons to Plan Even If You Don t Want to Retire Many Baby Boomers love their work and can t imagine ever giving up their career. Others are making great money and would not retire because they would be sacrificing too much financially. DO NOT use either as an excuse not to plan for retirement. Regardless of how you feel about your career, how much money you re making or if you think you would be bored in retirement; you need to determine how much wealth you need to retire. It is your duty to the rest of your family to try and achieve financial independence. Here are three reasons why: Circumstances Change: You may love your boss, your company, make great money and work in a hot industry. Remember, everything goes through cycles. In a few years your industry may be in a vicious down cycle and you may find yourself without work. Maybe it has never happened to you, but it happens all the time. Remember the high-flying housing market? Remember what happened in Telecommunications in 2001? Accident or Illness: You aren t bullet-proof anymore. You could have an accident that makes it physically impossible to continue working at the job you love. An illness like cancer could change your job situation overnight. Attitudes Change: Sometimes people change their attitudes about what they are doing. Maybe a spouse gets ill, children leave home, or you just get tired of being on airplanes every week. One of the basic tenets of planning for anything is being prepared to implement plan B in case plan A fails. You owe it to yourself and other family members to plan for a day you are not working any longer. Determine how much money it takes to retire. Execute your plan to make sure you achieve wealth and independence. Once you have it, continue to do what you want to do. If change is forced on you, maybe you will realize you are still capable of being bullet-proof after all...good luck. David Skill, a Chartered Retirement Planning Counselor has created an easy retirement system that enables conscientious baby boomers to determine how much money they need to retire. David asks all the vital questions, uses common language and plenty of examples so the participant builds confidence their money will last through retirement and they will not burden their children. Check out >>>>>>>>> babyboomerseasyretirement.com/
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