You are here: Home >> Articles & Tutorials >> How to Retire Early In Today's Economy | The Savings Highway Club
By Angie Mitchell on Oct 7, 2009 |Finance
Was this helpful?
0
0
Normal 0 false false false MicrosoftInternetExplorer4 st1:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} The crumbling economy, the volatile stock market and limphome assessments are affecting just about everyone, but people who would liketo retire or are about to retire may be in the most precarious of positions andasking themselves, how is it possible to retire early in today's economy? Are you looking for appropriate ways torespond? Then it's time to learn moreabout what you CAN control and how you can better manage your personalfinances. Seeing your portfolio or your 401K lose value over aprolonged period is never easy, but it can cause even more worry if you'rerelying on your nest egg or will be relying on it shortly. If you're stillworking, will you have to postpone retirement? If you're retired, will you haveto reduce spending, cancel plans or look for a job? "Social Security replaces approximately 41% of theaverage earner's income at retirement and some forecasts predict a fall to30.5%." * (Source: "Social Security, Medicare and Americans' Confidencein Their Retirement Future" Watson Wyatt Insider, September 2008.) I don't know how anyone can be prepared for what we've beenexperiencing recently with our economy. The current retirement-income system of defined contribution plans inwhich employees bear all the risk is ill-suited to the needs of the averageJoe. People haven't been very good at building balances in 401Kplans; they're modest by any measure, most people are not experiencedinvestors, (myself included) and their whole future well-being depends on theassets in these plans. When they're hit by these huge fluctuations in themarket, it must really put a knot in their stomachs. Fear and concern are normal. The news is all around us, andit's hard to ignore. People going into retirement are the ones who are mostaware of their financial situation because all of a sudden it's right in frontof them. If you haven't done a stellar job preparing for retirement, youroptions are fairly limited. You can work longer, live on less or work inretirement but you sure as heck don't have to! Let me ask you this, have you ever considered an internetbusiness? If not, how come? There are so many benefits to having a home basedbusiness and this just might be the answer to the question: How is it possibleto retire early in today's economy? Make financial freedom a possibility for you. With prices always on the increase, I chose to join TheSavings Highway Club and created my own economy! If in life one door closes...don't be afraid to climb outthe window...it may be worth the jump! It is my mission to educate people and bring savings andfinancial wealth everywhere! http://www.thesavingshighwayclub.savingshighway.com Angie Mitchell angie@amitchellonline.com Skype: angiebt79828 250-378-6798
Was this helpful?
0
0
About Angie Mitchell
I am a full-time Internet Marketer who's earning a residual income and I'm looking to work with serious, dedicated entrepreneurs who want the most out of life and will do whatever it takes to get it!
You're reading How to Retire Early In Today's Economy | The Savings Highway Club.
Hot Topics People Are Chatting
My Questions & Articles