A Better Way To Plan For Retirement

By: Darcy Juarez on: July 9th, 2013 4 Comments

The other day some friends were talking about planning for retirement.

Their financial planner gave them the “number” they need to have saved in order to retire. Based on what they are saving per year now, their predicted expenditures, average life expectancy and other factors, they will have to work into their mid-sixties at a minimum.

They were kind of bummed and were trying to figure out what they could do to retire earlier.

Maybe you’ve been through this exercise too.

It can be discouraging, especially if you find out your “number” is say, $2 Million and you only have a couple hundred grand in your retirement savings plan.

Plus with so many variables in retirement planning, it’s unrealistic to think that a single number can truly reflect how much you’ll need in 10 or 20 years. I mean even if you could make such a projection accurately, it’s possible that health care costs, regulations, medical problems or a few other assumptions could significantly alter your “number.”

A recent article in the New York Times discussed that people are moving overseas seeking cheaper places to live and less expensive health care. It also discussed the fact that “working retirements” are gaining traction.

The article stated that, “According to the Bureau of Labor Statistics, an increasing number of retirees, who can expect to live longer, healthier lives, are choosing to work in retirement, at least part-time, typically for fear of outliving their money or to keep active and engaged.”

Even those living abroad are following this trend.

So what are people doing? They are teaching English, working as a translator, leading English speaking tours, or working in hotels that cater to English speaking travelers. Others are starting small businesses like restaurants, art galleries, shops, bed-and-breakfasts and small hotels.

But there’s a better way to plan for and enjoy your retirement.

I’ve seen people hit their “number” in a year or less on this plan.

I’ve also seen many take early retirement.

And I’ve seen people follow the trend and enjoy a “working retirement.”

Except this working retirement doesn’t require being tied down. You don’t have to answer to a boss. And you don’t have to be chained to business that requires you to be there day in, day out, like a shop, restaurant, bed-n-breakfast or other establishment does.

You don’t have to live abroad to save money, although you can if you’d like to.

You can do what you really enjoy—what you really love and are passionate about.

For many, it feels more like play than work, because they are enjoying what they are doing so much.

For some, $50,000 a year is good. Others make a $100,000 or more. And yet others make (often for the first time in their lives) a million or more a year.

It’s a passive income stream—which means they can set it up and work on it when they want, yet it will still make them money even when they want to take some time off to travel, spend time with friends and family, or whatever.

So what is this better way to plan for and enjoy your retirement?

Info-marketing.

What’s your number? Are you anywhere close to reaching it? Would you like to reach it faster?

Are you worried about having to work longer than you want?

Are you concerned about what will happen if you get sick and can’t continue working?

Do you think you’ll have to continue working into your retirement?

If you have any of these concerns, then now is the time to explore info-marketing and launch your own “working retirement plan.”

This is something that is easily done alongside another business. In fact, many start small and work just a few hours a week on building their info-marketing business slowly.

Everyone fixates on that big savings target. Everyone worries if they will outlive their retirement savings. And while it may be that the solution is a “working retirement,” you can enjoy a retirement with the time and money freedom you need. The right ticket is to set up an info- marketing business. And if you want to retire even sooner, set up your info-marketing business this year. Who knows… maybe you’ll be like some of our GKIC members who’ve reached their “number” in a year or less from when they set up their info-business.

NOTE: Get “The 10 Rules to Transforming Your Small Business into an Infinitely More Powerful Direct Response Marketing Business” for FREE. Click here to claim your customer-getting, sales-boosting tactics.

 

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    ABOUT THE AUTHOR:

    Darcy Juarez has created marketing systems in the direct response and information marketing world that have gained national attention. As the Director of Marketing for GKIC , Darcy has taught thousands of business owners her step-by-step strategies for creating their own success and obtaining more time and more profits. For more money-making marketing tips, tactics and strategies, go to www.GKIC.com

    4 Responses

    1. “Ill retire when I die.” – Lil Wayne

      Worrying about retirement sounds much worse than considering the type of work I want to do for the rest of my years, if any. Retirement plans sound as appealing as setting up a will.

    2. Passive income is certainly the goal, but with a minefield of opportunities out there, how do you select the right one?

      It has to be a system that has been proven, but that works for the majority, not the minority.

      Good luck to everyone out there looking to secure their financial future.

      My best wishes,

      Christopher

      • Adis says:

        I love the saying “there are no risky investments just stupid investors”
        People are making money in real estate, stocks, business.
        People are loosing money in real estate, stocks, business.

        Its not so much about which class of opportunity is the best, its more about making yourself
        less stupid and increasing your chances for success.
        So its all about you.

        Majority if you look it in a wide wide context is loosing money the few are making money.
        If you choose to be in a majority get used to have a very empty wallet.

        My opinion.

    3. Paul Jack says:

      Thanks for some important ways, its sounds interesting. For me, retirement is a way to start on all of those fun things that others will have to wait a few more years to enjoy. It is the freedom to start a new career and sit back on a rocker after stop working. Great article!

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