subject: Working During Retirement May Soon Become The Norm [print this page] I came across a blog post on CNBC a couple of days ago that discussed the ideology of working during retirement and how it may soon become the norm.
A study of wealthy individuals around the world conducted by Barclays pokes holes in the notion that an individual should stop working at a pre-defined age, as it is more of an illusion than a reality. The study found that increasingly, the wealthy are rejecting the idea of a traditional retirementthe romanticized golden years filled with leisureand continuing to work long past their early 60s. Source CNBC
Unfortunately for many of us, the days of working until the age of 62 and then being able to retire with a healthy pension and social security fund may soon come to an end. With the national unemployment rate in the United States at nearly 16%, millions of Americans are currently out of work putting both their "nest egg" and social security contributions on hold. People just aren't saving as much as they need to in order to be financially independent in their early 60's. As a matter of fact, the average American only saves roughly 5% of their income, up from -2% pre-recession.
Each year that goes by where you aren't able to contribute towards your retirement is another year that you may have to work in order to retire successfully with the annual income you financially planned for. And that's if you are even able to retire in the first place! To be able to retire at the age of 62 for many would be a blessing, but at the rate the economy is headed, working until the age of 70 will most likely very much become the norm. And for those individuals who think they are on track of achieving their retirement goals, the collapsing dollar and continued rise in inflation may have a serious effect on their portfolio and the returns they have projected leading to retirement. For many (and this doesn't just include Americans), retirement may never be an option at all, but instead of freaking out over the fact that you may not have enough saved up, it may be time to start thinking of innovative ways to generate enough income to see you through the the "golden years" of your life.
Traditional retirement to many may be a thing of the past as most retirees are finding themselves consulting or working part time well into their retirement years. For reasons other then just wanting to earn an income throughout retirement, their decision is driven by the expectation of a longer lifespan. Not only is it that uncommon for "bread winners" of the house hold to work well into their 60's, most clients we financially plan for have expressed that they want to stay active in some form of consultancy role or another in order to continuing earning income even after they retire. Sure they want the option to stop working or slow down at some point, but only as an option.
But what if retiring is not an option and it's too late to start building a portfolio capable of generating you a solid income throughout retirement? The good news for those of you who are approaching retirement and are concerned with how you are going to get through it financially, the internet has made it very possible for individuals to become entrepreneurs overnight, and millions worldwide are creating online businesses to support themselves financially. As people are forced to "think outside the box" in today's economy more entrepreneurs then ever are creating small businesses both offline and off and are finding that even just a couple extra thousand dollars per month income is going a long way. From internet marketing to "work-from-home" consultancy firms, Americans are taking initiative and are turning a potentially disastrous situation into quite a profitable one.
There are literally thousands of employment opportunities online and Elite Investment Group has sourced a few for you to consider in order to get your feet on the ground and earn the income you deserve in retirement. Not to mention, the internet has made it possible to conduct business worldwide in order to support an income regardless of which age you are.
Online Job Opportunities For Generating Income In Retirement
Total Profit Plan - Ten money making websites plus the Facebook Profit Loophole.
Legit Online Jobs - Make real money from home today.
Go Freelance Work From Home Success Kit - Get paid to fill in simple forms online.
You won't get rich quick from our recommendations, but by subscribing to a few of the membership sites that teach you how to earn either a primary or secondary income, you will be able to generate a sufficient enough income to pay the bills, but more importantly earn the income you have always financially planned for.
You're probably thinking why the heck is an investment blog recommending "work-from-home" internet marketing opportunities? The answer? First of all, generating a secondary income in order to retire on time has everything to with financial planning and two, this is what Business 2.0 is all about; taking initiative, thinking outside the box and taking advantage of opportunities that the online world has to offer. So don't freak out if your no where near your retirement goals because you have the option to take control of your financial situation with a few of the above internet job opportunities. Be pro-active and get your financial situation under control. Better yet, live the life you've always dreamed and stop worrying about how you are going to get through retirement.
Working During Retirement May Soon Become The Norm
