Boomers Love Life!

Baby Boomers have hit their fifties and sixties in large numbers and have vowed never to age badly. As a cohort we’re more in tune with the larger world than any other generation at a similar age.

Many of us want to de-stress our lives but we still need a recurring paycheck, and we want to stay active contributors in society (i.e., we’re not ready for the nursing home just yet).

Starting and running an home-based business is a great way for Boomers to keep involved, develop a steady income, and concurrently, enjoy freedom and mobility.

Many people in this generation love to travel, and specifically, they love RV’ing. Wouldn’t you like to know if there is a way to combine the two?

Fortunately, there is!

All you need is a computer with a wireless internet connection, an internet marketing business – and, of course, a recreational vehicle, or “RV” as they’re known. With this limited equipment, you can manage a million-dollar enterprise from anywhere that your heart and the highway takes you.

When the weather is good, you may go see friends or family in the northern US, or even Canada, but then when winter comes and the temperatures drop, you might want to “blue-bird” it to the warmer southern climates..

Combine Work & Play!

Either way, you can work your online business easily and comfortably from your RV – and you can work as much or as little as you choose!

This is a great way to work part-time, or supplement your retirement income, plus, you won’t have to worry so much about what is going to happen to Social Security, health care, etc. because you know your online business will be producing a steady second income for you, and doing so in a way that gives you the freedom and mobility you want.

I’ve been a full-time RVer and I’m following my own advice so that I can have more freedom and be more mobile.

I’ve started my own internet marketing business. I’m a firm believer in “Stewardship Education” – meaning, what I learn, I share with others. I encourage you to take this opportunity to take control of your future.

One superb starting place for picking up all the education about internet marketing that you’ll need to succeed is to join the Online Success for Beginners course.

Retirement Risks

Assuming you’re a member of the Baby Boomer Generation, you’re likely evaluating retiring – if you haven’t already retired.  And if you have already left work, you’re probably considering whether you’re financially able to remain comfortably retired.

Today’s economic crisis compounds the situation substantially by increasing some significant retirement oriented economic contingencies:

1. Life Expectancy Has Grown

People are living longer than their parents’ generation. For example, in 1970, a 60-year old white male had a life expectancy of an additional 16.2 years; however, by 2008, his life expectancy had expanded to twenty years.

So how is the retiree going to afford to pay for those extra 3.8 years? Following are several possible solutions:

> Accelerate pre-retirement savings

> Continue to work longer

> Move in with relatives

> Expect a reduced quality of life

2. Spiraling Health Care Costs

Adequately funding one’s health care programs are some of the most difficult financial planning tasks, mostly because health care needs are so person-specific, with needs differing greatly between spouses. Long-term care needs are even more difficult to plan for and fund.

Medical expenses have grown more than 5% (inflation adjusted) for the past 15 years – a rate that is greater than the increase in family income. Medicare costs will probably rise as well at similar rates.

3. Legislation May Limit Retirement Income & Supplemental Programs

It is well known that the expenses of major entitlement programs (e.g., Social Security, Medicare, and Medicaid) are growing more rapidly than other parts of the economy, and some experts question the long-term feasibility of these programs due to the combined effects of increased life expectancy, size of the Boomer population, and rising health care costs in general.

Moreover, current questions regarding ongoing health insurance throughout retirement, and at what financial levels, are rampant in today’s economy – and these questions are given even more fuel by auto industry, and other, corporate reorganizations.

We are still witnessing a lot of conversation concerning a national health care system – but such conversations have been ongoing for decades, with few results to show for those efforts. Although President Obama will be leading a national health initiative this year, most people anticipate a lot of opposition from Congress.

Many expect that seniors past age 55 will be protected from cuts in these entitlement programs, but maintaining complete coverage for them is a two-edged sword – doing so increases the probability of a new tax, which would ultimately add to retirement tax burdens.

4. Sometimes One’s Retirement Date is Dictated, and not Totally Up to the Individual

According to a 2004 Health and Retirement Survey (HRS), 37% of seniors are forced to retire. This can occur due to poor health or economic downturns, etc.

5. 401Ks Have Been Decimated

Did your retirement savings (including your 401k) take a major hit with the stock market meltdown in 2008? Mine did. Many comedians now refer to 401Ks as 201Ks because of the drop in the stock market. For many people, their 401k was the bulk of their retirement savings, so this stock market crash significantly damaged their retirement plans.

Humpty Dumpty Was No Financial Planner

But there is some good news. You can fix a broken egg – a broken retirement “Nest Egg,” that is.

You can work an extra year or two, take a part-time job or work from home to supplement your earnings, start your own business, etc.

If you’d like to start an online business, but are hesitant because you’re not an internet expert, a very good starting place for collecting all the knowledge about internet marketing that you will need to be successful is to sign up for the Online Success for Beginners classes.

A study by Butrica, Smith and Steuerle (2006) noted that working just one (1) extra year can augment annual retirement income by 9%, while working just five (5) extra years can generate an additional 56% annual retirement income.

If you’d like to learn how to create a supplemental income, so that you can have a luxurious, financially secure retirement, check out Darren Salkeld’s new MaxPro Marketing System and get his FREE Report and FREE Audio describing the age-old secrets of creating wealth.