The Foreclosure Boys
The Foreclosure Boys
I recently saw an ad for Wall Street, citing a government startling statistic: "Of the 77 million baby boomers plan to retire in the next 10-15 years 95% are hurtling toward unexpected financial difficulties. "
These "difficulties" are not to be sustained without continuing to work for the rest of their lives!
Can you imagine, after a lifetime of hard work, struggle, hardship, perhaps even tragedy, which is about to end his life in poverty, disease and want unless you work till you drop?
Is that all? Or would you be happy in the 5% that can be withdrawn without worrying about money?
What does the ad suggest Wall Street do? Purchase a small pension Newsletter!
1. Techniques to save for retirement without changing your current lifestyle
2. How to build the best portfolio of long-term revenue
3. How to ensure they do not lose their incomes
4. Advantageous mutual funds, variable annuities and REITs
5. Estate planning strategies
Let take a look at the suggestions of his newsletter:
1. Saving for retirement without changing your lifestyle today? The Bull! Is your current lifestyle got into this mess!
2. A portfolio of long-term income? The baby, who needs more revenue, at this time. In the long run, the cap will be dead!
3. Do not outlive your income? What income? It just said that 95% of you do not have enough income to support themselves.
4. Advantageous Annuities Mutual Funds, REITs and variable? All products makes Wall Street commissions! Ask what difference it will make in your retirement fund in just 10.
5. Estate planning strategies? What legacy? Are not we talking about 95% of baby boomers will not be able to stop work?
No, boys and girls, do not think your approach will solve your problems!
I remember a quote, someone said that if you keep doing the same things and get the same miserable results, you need to do something different.
MUST change what you are doing, your path, if not want to end like everyone else.
This is what you should do right now.
First, find out what it takes to live, say 80% of their current pay to take home.
Check with your human resources department for a projection of what your pension will, if necessary. Check with Social Security to see what his planned retirement benefits will be.
Then add in any savings or investments that have included the value of your home and the amount of income that occurs when investing 10%.
Ten percent? Unrealistic? So true. Those who do not know about the available results of private mortgages, tax liens and other sophisticated safe investments and real estate.
Add up all of your projected income and 80% compared with the current set of home.
Its problem is already identified and quantified. You have a goal. If severe, as I believe it will, you will need to continue aggressive investment strategies such as real estate to catch up. You might even have to "change their lifestyle."
Otherwise, you will end up spending your golden years work at the golden arches. How embarrassing to have one of the neighborhood children to recognize. "Hey, is not Tommy's grandfather?" And then throw in the tomato sauce-spray Tater Tots to you!
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