The Retirement Blueprint
For many Baby Boomers, retirement is an impossibility. They simply
won't (or don't) have enough monthly income from all sources to be
able to maintain their lifestyle IF they were to retire.
They must WORK UNTIL THEY DIE.
That is the Baby Boomer Retirement Plan as most of us know.
But there is a way.
It is as simple as making a plan and working that plan.
The process begins by establishing just how much monthly income
will be necessary after retirement to pay all the bills.
In most cases that number will be larger than the monthly requirement
Why is that? Because after retirement EVERY DAY IS SATURDAY.
Anyway, the blueprint: establish
multiple streams of income that will add up to what you need each
month. No need to get it all from one source.
Your 401(k) or other retirement plan
A small business
Land held for future value
Interests in syndications of income producing property or businesses
Tax certificates and tax deeds
Trees (for wood, for fruit, and ornamental)
Gold and silver
A home business (network marketing)
Please notice that nowhere did I recommend stocks or bonds.
Also notice I did not recommend a part-time job. Forget about being a
greeter at Wal-Mart.
Just Do It
If your current income is $100,000.00 per year, there is a good chance
that you will need $120,000.00 per year after you quit working.
Add up all the sources listed above. If you are still short, figure which
areas that you can concentrate on to improve your monthly income.
Do it in small steps. Don't look for a one-time fix for the problem.
Expect to invest another few years to accomplish your goal. If you have
10 years, it can be very easy to bring up your monthly income. Just
remember your goal.
Stay On Target
Don't waste time, money or gamble with your future.
If you don't have a Roth retirement plan, now is the time to establish it.
If you own your own small business you can establish a Roth SEP
(self-employment retirement plan), but even if this isn't possible then
establish a self-directed Roth IRA. Put into this Roth plan the
maximum amount allowed each year. Invest this money in tax deeds
or certificates, participations in syndications, planting more trees (if
the land is already in the Roth), silver and gold, But DO NOT BUY
STOCKS OR BONDS (because the stock market is nothing more than a
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