 Retirement is not like anything you’ve done before. Why go in blind?
People in America are unlike those in any other country. That’s the Good News. The Bad News is that Americans tend to think they are bulletproof when it comes to taking on new ventures.
For example, more than 600,000 businesses start up each year in this land of milk and honey. That’s because Americans want to try out being an entrepreneur. Which is good.
What’s Bad is that nearly 90% of those ventures fail within a short span of time. Mainly because of lack of preparation…money, training and a plan.
In some ways, retirement is like that. People, in this case, are not given a choice, however. Many employers simply say we no longer require your services, so goodbye.
Retirement, though, is similar to starting your own business. It will work for the same reasons a start-up works. If you have money, training and a plan, you’ll be successful.
Most of those nearing retirement live from paycheck to paycheck. That’s an American anomaly. Americans, in many sectors live way beyond their means. Check the staggering credit debt being amassed by some.
Retiring Richer addresses this dilemma and while it can’t assure you of having the precise amount of money you need to retire, it offers sensible advice on how you can address the situation. AND, it provides further thoughts and suggestions on how to cross from work to satisfying retirement.
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The Dilemma 