Monday Morning Wake Up Call:
Your Motivation, Inspiration, & Direction for the Week Ahead
I hope that you had a fabulous weekend. This week’s message is about planning for the future. Did you know that studies show that most people spend more time planning their vacation, than they do planning their life? Why? It’s fun planning vacations and we look at a vacation as that time when we can relax, unwind, and make memories. Planning for your future, is not quite as much fun for some of us, but it can be. There are several elements to a plan for your future. Start with something fun. Where will you live when you retire? What are the taxes for that area? What are the benefits to living in various areas for retirees? Should you purchase an investment property now, and have it paid off when you retire? Take a trip to the areas of interest, and make it fun! Retirement is still quite a way off for many of us, but it arrives before you know it. What will you do this week to start thinking of the future?
Something to Think About
Statistics show that most people are not ready for retirement. Research by the Insured Retirement Institute suggests trouble for retiring Baby Boomers. According to the study, 24% of baby-boomers have no retirement savings — the lowest number since the study started in 2011. Only 55% of baby boomers have some retirement savings, and of those, 42% have less than $100,000. Thus, approximately half of retirees are living off of their social security benefits which are an average of $1,500 per month.
Do one thing this week to start planning for your retirement, regardless of your age.
Words of Wisdom:
Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money. Jonathan Clements
Don’t simply retire from something; have something to retire to. Harry Emerson Fosdick
The trouble with retirement is that you never get a day off. Abe Lemons
I’m retired – goodbye tension, hello pension! Author Unknown
There’s never enough time to do all the nothing you want. Bill Watterson