Why You Should Act Now to Empower Retirement.
I’ve often said that it’s “up to you” to Empower Retirement these days. Younger or older already, you can no longer depend upon ‘the government’ to protect you and convey you through retirement in the manner to which you would like to become accustomed.
Why Should You Care About Empowering Retirement?
I have several quite generous (in today’s world) pensions and already they are beginning to seem quite ‘thin’. The fact that they are government based and that Congress is actively ‘sniping’ at them isn’t helping either.
Many of you reading this are not nearly as well off as I am, so I can well imagine how nervous you may feel about the future.
So what’s a “Baby Boomer” supposed to do?
Proven Ways To Empower Retirement
First Alternative: You could just “give up” and take your lumps.
Fine with me if you want to, but I am a still vigorous 72, and when I am 85 or 95 I’ll be damned if I am going to be eating cat food, waiting for whomever the president may be in that year to throw me a bone … likely an already well-picked-over fish bone the way the US economy looks today.
Second Alternative: You can sit and bitch.
About 90% of the sites we seniors run across written by other seniors often wind up to be nothing much more than places to vent our frustration.
We bitch about how much we are getting.
We bitch about how much we pay in taxes.
We Bitch about what the ‘Reds” or the “Blues” or the “Purples’ or whomever else we blame for the state of the nation are doing.
We keep our radios tuned to Rush Limbaugh, we keep our TV’s on Fox news and we complain, complain, complain to all who are willing to listen, and often to many unwilling listeners as well.
(kind of like how a smoker pollutes the air even for non-smokers)
Well, fine with me too, if that is what you like to do, but that is not for me. Myself, I’m taking action. I won’t retire and “take it” lying down.
Can I Empower My Retirement Even If I Am Not Retired?
Third alternative: Let Your Home Pay You.
When you need ready cash during your retirement it is possible to borrow against the value of your home.
You can take out a specific type of home loan against the equity in your house, which is called a reverse mortgage. Simply go to lenders that offer such reverse loans and inquire about the process.
Always check with multiple reverse mortgage lenders to see what their terms are before signing a loan agreement.
Also, be aware that most reverse home loan agreements are final. You will be unable to renegotiate the terms of the loan after the fact, and you may not be able to add your spouse’s name to the loan contract, meaning that if you pass away your spouse may be forced off of the property.
Fourth alternative: (I recommend this)
The one I have already chosen and am deep into? Empowerment.
I don’t spend 5 minutes a day worrying about what might happen to Social Security and my other pension income streams.
My worry is unhealthy and it won’t accomplish anything, anyway.
What will happen to those income streams is exactly what will happen … I have no control.
Instead, I have created my own income streams and I am busy every day making more.
Come what may, I’m preparing, empowering and enabling myself. My message is, you can as well.
Lessons From The Real World
Here’s a neat little story video from a fellow much younger than many of us here, but one who many of us have much in common with. He did not start life being some sort of a techie genius, he started a good old American honorable job by forming his own contracting company and becoming a home builder.
Mom and apple pie and all that jazz.
Well, you know what has happened to the real estate market as well as all those misguided ‘investors’ who think that an owner-occupied single family home is an investment. He fell flat on his face. Predictable, eh?
But what’s much more interesting is his recovery technique and why he too doesn’t really care about what ‘the government’ might or might not be doing to shore up the sinking ship of the US housing market. It’s short and not boring, have a view:
Michael’s takeaway points:
- Business is for shit in today’s economy
- The Government is not helping anyone except incompetent mortgage and bank executives
- The above two facts don’t matter as it’s completely possible to more than make up for lost income using non ‘Techno-geek’ skills.
It Works Folks, Honestly
One of the many ways I make money from promoting Clickbank Products myself, just like Michael.
The company is honest, reliable and they have an unblemished record of paying, and paying on time. You want to learn more about Clickbank? Well I have written many articles on them already, and I recommend them for seniors, retirees and baby boomers of nay persuasion.
Just click here and give them a try, there is no fee or obligation to open an account and becomes a seller of digital products or an affiliate (sales representative) for other people’s products.
There’s no age limit, and It Works No Matter Where You Live.
And if you would like to verify my ideas with other successful authors/entrepreneurs, you could do much worse than take a look at Businesses for seniors here.
So, what are your thoughts on Why You Should Act Now to Empower Retirement.