'Pension Planning'
Pension benefits and retirement income need not be dependent on the state old age pension or whatever kind of pension you rely on now or in the future.
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Your Pension is it, or will it, be adequate for retirement ?
For many baby boomers and younger it won't.
Over the last 90 years people are living around 30 years longer.
How much of your life will you have to spend in retirement with less money coming in but yet more time to spend it?
"Pensions are complicated and few understand them.
Too many just pull up the bed clothes over their head and hope to die before they get old.
The pension abyss is deep and wide.
Too many people will eneter retirement a great deal poorer than they ever expected.
The choice seems to be.
Pay more tax. Pay more into private pensions. Work longer.
Do a bit of all three or starve in retirement and old age.
The CBI wants the pension age raised to 70." Polly Toneybee...The Guardian.
Retirement planning is essential.
It's a popular misconception that everyone gets the basic state pension.
In fact, 92% of men have a full basic (low) pension but only 49% of woman do.
BBC website.
Recent Government figures gives us a picture of what
financially will happen to people at 65.
1% will be wealthy.
3% will still be working.
4% will have adequate income for retirement.
29% will be dead.
63% will rely on social security and handouts from family and friends.
Retirement planning is essential.
The U.S. Department of Labor has stated that 90% of those retiring in the next 20 years (2008 -- 2028) will be living on $12,000 p.a. or less!
Many people simply cannot afford retirement.
They will have to live on an significantly lower money, or generate supplemental cash.
According to the U.S Census Bureau there will be 82.8 million retiring between 2011 and 2029.
This means that by the year 2030, nearly one-fourth of the U.S. population will be 60+ years of age!
Pension benefits need not be dependent on the government, whatever kind of retirement pension you rely on.
USA Pension, British pension, teachers pension or police pension etc.
With proper planning
YOU CAN WRITE YOUR OWN EVER INCREASING MONTHLY CHEQUE
(see what I do and join me)
or
Just stay as you are and lose out week after week,
month after month, year after year ...
... knowing you've missed a golden opportunity to earn extra income
and enjoy a retirement unlimited!
Don't be condemned to work to 70 + or accept the fact you have to live on a pitance in retirement.
Click here for pension planning calculator
You can make it better by planning your own retirement.
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