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Retirement Cost of Living
Retirement cost of living considerations in retirement are the same as pre-retirement considerations. For example, there are increasing costs in personal expenses, including healthcare, general inflation issues, the cost of fuel, and unexpected high cost items that you never considered much less planned for. When one tries to anticipate all unpredictable events in the future, a sense of futility arises. Most retirement plans consider the minimum needed to meet a comfortable retirement without considering any major life emergencies. You can expect the retirement cost of living to continue to go up. If you know what you have to confront, it is easier to deal with it proactively. Some individuals want to retire in a place of their dreams. Before doing so, one needs to compare the cost of living between the two areas. Check out the website at BankRate.com in this regard for some surprising results. A general calculator for calculation the retirement cost of living can be found at AIER.org. For example, what you could buy for $100 in 1913 would cost you $2,093.94 today, You may want to calculate what it would cost 20 years from now with the same amount of money. According to a 2003 AARP /Roper Survey 80% of baby boomers expect to continue working in retirement, and as many as 15% said they would like to start their own business in retirement. The primary reasons seniors desire retirement jobs are supplemental income, the love of work, social interaction, and the fear of adjusting to a new life style after retirement. Visit: Senior Living.So many enlightened baby boomers are already thinking about making residual or necessary income in retirement. To counter the rising retirement cost of living, one should consider the advantages of network marketing in the equation. The advantages are a home-based business in which you can work full or part time at a pace that suits your lifestyle. As your own boss, with the appropriate mentors and a firm foundation in marketing your product and services, you can supplement your income as much as you desire. In this way, the unpredictable expenses need not be as much of a concern, and network marketing continues to be an on-going source of revenue for you. Network marketing can be considered an anti-inflationary vehicle regarding the retirement cost of living.
Imagine working for yourself, at home, as much as you want on your own timetable, and supplementing your retirement income for whatever you need. What a way to deflate the retirement cost of living!
| Ruth Ann Hall is a mother, grandmother, and nearing retirement age. She was raised on a farm in west central Illinois, but calls Chicago home. Her personal website: RookieMarketing.com is about her association with Ann Sieg Consulting and using the “consultative approach to marketing.” More information? Yes! Click Here. Her latest project, this website, is intended to provide information for those looking to make a good decision on working from home. |
