Retrirement

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I was recently contacted by Kathleen Carter from http://educatorlabs.org/who has put together a collection of resources for seniors and the various challenges we face as we grow older.

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I hope this will be of value to any seniors among my readers or those who are carers for someone with a disability or other health problem.

 

The fall in value of currencies, while costs continues to rise is causing millions of older people around the world to fear what their life will be like in their senior years. There is so much uncertainty that retirement savings carefully put aside for all those years will no longer be sufficient to provide the expected comfort in later life. Such questions as what would happen if they developed health problems, what if one partner dies and the other is left, what if they could no longer afford to live in their family home.

It is not all doom and gloom. According to USNews Money department writer, Richard Satran in an article published 5th March 2103:

Fear has motivated people to start saving more, but here are two positive ways to upgrade savings

Older couple reading a document while sitting together

Given a half-decade of economic uncertainty, fear may still be the biggest motivator for retirement saving. The financial crisis inspired people everywhere to save more and hold off on short-term spending. “It shook people out of their complacency and got them thinking, ‘I should save more,'” says Ken Hevert, Fidelity’s vice president of retirement products. “All age groups—young people, too, are showing a tendency to be more conservative.”

New surveys by two leading financial-services companies show how attitudes toward saving have evolved, and highlight a couple of easy steps that can have a big impact on savings.

 These easy steps can be summarized in the following two tips:

“Tip 1: Planning for retirement boosts savings dramatically” – the planning process gives them positive goals for retirement

“Tip 2: Putting eggs in more than one basket produces far higher returns” …. “opening more channels for collecting funds has a positive effect on the amount people save”

Does planning give people a sense of taking control of their lives which helps to overcome the fear factor?

 Click here to read the full article.

Nowadays, the concepts of time and money are being redefined and”Financial Freedom”, is one such Financial-Independence-smlterm that has gained much importance in the changing financial scenario.

A popular definition of “Financial Freedom” is that an individual has the freedom from continuous financial responsibilities through a planned management and allocation of assets. In other words, a person is free from back-breaking work by giving him or herself a steady source of income for life.

To really understand the concept of ”financial freedom” you need to look outside the traditional ideas of income and expenses.

We’ve been taught that time spent on hard work generates money. ”Financial freedom” opposes this concept of time-for-money swap and lets the money work for the individual instead. However, in spite of this advantage many professionals find it difficult to work without a fixed routine.

Thus, to achieve financial freedom we need to change our old mindsets and develop a new attitude towards earning money. We must realize that money is simply the means to achieve ends.

We must also remember that a person cannot be judged by the money he or she possesses. Unless these misconceptions are cleared the entire purpose of financial freedom is defeated since satisfaction is the keyword to financial freedom.

Financial Freedom is Time Freedom – get your copy of “How to Achieve Your Own Financial Freedom” FREE from this link.

Financial Independence

With so many money making opportunities available it can be difficult to choose the one that is right for your needs.

 

 

The first thing you need to decide on is what you are actually looking for in an online business. rainy day money

Do you want to replace your current full-time job or business or just earn some extra retirement or rainy day money.

It’s important to recognize your own needs so you can match opportunities to meet those needs the best.

What you will be looking for will be different depending on what you’re after. There are various business models to consider, E-commerce, network marketing, affiliate marketing, among others.

To help you find a model or system that will provide what you need and want in an internet business it’s a good idea to write down a list of questions you need answers for, such as these:

* How long has this system or program been operating?
* Does it have potential for long-term profitability?
* Who or what is the target audience?
* How quickly will this system start bringing in an income?
* What sort of profit could you expect to make with this program in the first six months?

It’s best not to choose an opportunity because a friend, relative or co-worker has a successful website. Each person’s needs and expertise are different, so the right program will not be the same for every person.

Once you assess your needs and what you have to achieve from a money making website you are ready to review the opportunities available out there. While you don’t have to choose an existing system, looking at what is available will help you select something you would like to do.

It will also assist your assessment of what you need to learn or do to turn your idea of a highly profitable money making website that will help you meet your financial needs into a reality.

Always remember that any business requires some hard work and a time commitment; if an advertised system promises you will make thousands of dollars almost overnight, then be very wary of it.

More information about making money online, you can download the free report from Kathleen Gage TheTruthAboutMakingMoneyOnline.zip

The economy is not being kind to retirees and those approaching retirement. I am a baby boomer myself and have given much thought to how to get the most out of what is already in place and how to get those extra dollars to stretch the budget. In my web browsing I found some useful info & have brought the links to you.

www.thefinanceanalysis.com

www.retirement-income.net12/11/11

Although you might invest some of your extra retirement money in mutual funds or ETFs that cater to big capitalization shares, you should try to include real estate investments…..

 

www.thefinanceanalysis.com

www.thefinanceanalysis.com1/23/12

May I maintain a good revenue through my retirement? That's the worry of most retirees. Let's get a perspective on what you have to manage.Your.

 

This one is not so recent, but has some good advice:

Financial Planning : How to Calculate Retirement Income

It can be difficult to calculate retirement income because it's hard to estimate what things will be like in 20 to 30 years, which is the case for many people. Discover why a conservative strategy is useful when planning for retirement with help from…

[youtube http://www.youtube.com/watch?v=X8CyyBiueoo&version=3&f=videos&app=youtube_gdata]

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