Posted on | September 5, 2010
- viagra pfizer price
- viagra coupon code
- cialas viagra next day delivery
- viagra cheap mexico
- buy viagra with cashiers check
- get viagra overnight
Is Your Retirement in Jeopardy?
Baby Boomers are facing some of the most formidable economic obstacles of this generation.
Statistics show that over 50% of all Baby Boomers will outlive their retirement fund. They must rely on social security, charity, or their children in their golden years.
95% of Americans are following the same old financial advice and find themselves in financial trouble when they retire. Many will find themselves lucky to have a nest egg that will last as long as they do.
Only the top 5% will have enough accumulated to be not only financially independent, but financially free!
There are 10 common blunders Baby Boomers consistently make:
Using short-term investments such as CDs and money market accounts for long-term financial goals.
Reality: These investment choices have low returns and are taxed as earned.
Thinking you will only have 15-20 years to provide for yourself after retirement.
Reality: There are more people living up to age 95 and beyond now than ever before. Smart investors will plan for the long haul.
Believing that paying off your home will give you “peace of mind” and financial freedom.
Reality: Most people don’t realize their house is one of the biggest vehicles to becoming financially free and independent.
Hoping a $100,000-$300,000 nest egg will be enough for retirement.
Reality: You will need at least a 1 million dollar nest egg to be able to generate a livable income when you retire.
Mistakenly believing that you will be in a lower tax bracket when you retire than when you were working.
Reality: Most people find that they are in a higher tax bracket because they no longer: have dependents, pay a house note, or are contributing to their IRA or 401(k).
Deferring taxes on a retirement fund.
Reality: Deferring taxes postpones the inevitable and compounds the amount you will have to pay.
Believing that IRAs and 401(k)s are the best way to save for retirement.
Reality: There are better ways to invest your money, tax free & penalty free. You can receive 50%-100% more on your returns.
Leaving your money in your 401(k) or IRA when you reach retirement age.
Reality: The best move is to take your money out and reposition it where it can be tax free and remain tax-free.
Viewing retirement as the time where you can “do all the things you’ve ever wanted to do.”
Reality: Don’t put off until tomorrow what you can do today. Why not live the life you’ve envisioned right now?
Thinking that retirement is the time to “coast.”
Reality: Having a purpose, living a life of usefulness, and being financially free are the keys to longevity and fullness of life.
If you have made or are making any of these mistakes, just remember that it’s never too late to change your financial future.