The Baby Boomer Syndrome

According to the U.S. Census Bureau, there are over 78 million Baby Boomers that consist of a group of people born between 1946 and 1964. That currently makes Baby Boomers the largest generation in today's workforce, and as they start to retire over the next decade, they will be faced with the daunting task of maintaining their pre-retirement lifestyle.

Compared with what previous generations faced as they closed in on retirement age, Baby Boomers typically have higher income, and have accumulated more wealth to help with their retirement. Overall, a percentage of Baby Boomers will have a higher income in retirement than their parents had, and they are much less likely to live in poverty after they retire.

While this is true for some, there are many who still enjoy this higher income, but have not prepared well in terms of savings for the years to come. This group continues to live a nice lifestyle while taking advantage of life's luxuries, but has not saved anything that will allow them to continue this life and lifestyle into retirement.

There is a whole group of others who have worked hard all their lives, but lack of job security and other circumstances have forced them to live from paycheck to paycheck, not having the means to retire at all.

The evidence is clearly showing that Baby boomers will not be able to count on what was previously considered retirement security. Private-sector pensions and personal savings are no longer adequate to ensure that most Americans will have enough to live on when then retire.

In addition, people live much longer today than they did in the past, and as a result, they need more money to secure their retirement years. Spending thirty years in retirement is not out of the question anymore, and with that longevity, retirees are faced with the very real risk of actually outliving their retirement assets.

How Much Income Do You Need to Retire?

Understanding how much income one is going to need is a difficult task, and expectations are very different today than they were for previous generations. Financial experts used to say that the goal was to be able to replace somewhere between 60-80 percent of one's pre-retirement income. The reason for that number was the assumption that expenses would go down after retirement, but that is not necessarily the case any more in this day and age.

People have a different vision of retirement today, and that vision does not include the end of having fun while living a productive life. Retirees want to live a lifestyle of their dreams, do exciting things including travel, and be able to handle the high costs of housing, health care and long-term care as it becomes more necessary.

In reality, many Baby Boomers will not be able to afford to retire, but they will not be able to continue working productively either. They will be forced to fall below the poverty line as they are faced with financial insecurity combined with poorer health in their "golden" years. According to Benjamin Stein of the National Retirement Planning Coalition, "Tens of millions of Americans are seriously underprepared to meet their financial needs in retirement." As many as 40 percent of Americans have saved almost nothing for retirement.

So, if you are a Baby Boomer nearing retirement, and you don't see where your retirement income is going to come from, then it is time to take action before it is too late. Your future is not set in stone, because there are steps that you can take to help change the picture of your future. You can still save for retirement and provide yourself with the necessary assets you need to bulk up the size of your all-important nest egg.

The goal is to find a means to generate income for you now as well as far into your retirement. Preferably, it would be something that you can do from home, or from anywhere, and it cannot interfere with your existing life requirements. That may seem like quite a tall order, but there is an opportunity that meets these requirements, and it is the perfect way to help Baby Boomers prepare for the retirement they dream of.

What Does Your Future Look Like?

Do you fall into the category of Baby Boomers who are not fully prepared for retirement? Do you believe that your lifestyle will begin to suffer when you retire?

Will you ever really be able to retire, or will you always need to work in order to provide for yourself and your loved ones?

Don't let your future be decided for you when you CAN do something about it. Most importantly, do not wait until it is too late. There has never been a better time to get started in a remarkable business that is changing the retirement landscape for so many Baby Boomers.

Technology and the current business climate enable you to establish and build a business from the comfort of your home or even from a hotel room or a beachfront resort. You can live and travel and build your new business from anywhere in the world.

Internet access and a telephone are all that you will need to build a successful business, and a team of trained professionals who will educate you and help guide you down the path to success.
It is amazing to think that you can so easily change an uncertain future, and begin to look forward to the retirement lifestyle you always hoped for.

It is time to stop worrying how you are going to afford to live the rest of your life, and instead, take the first step towards securing your financial future.

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