Retirement Income Planning

I’m not really laughing, but it is somewhat humorous that 34% of the populace look at winning the lottery in order to have a grand retirement. Can you afford to retire?

How will you fund your retirement? (from BMO Financial Group survey, March 2014)
• CPP (gvnmt pension): 90%
• RRSPs: 88%
• Part-time job: 59%
• Sell home: 49%
• Win lottery: 34%

No one ever said growing old would be easy. Take for instance, the increased health concerns, intensified wrinkles and the fact that there may be less time ahead of you than behind you. But, at least we have our retirement years to look forward too, right? Retirement is the time in life when we put away the work boots and enjoy life — taking trips to tropic locations, maybe touring Europe, or finally buying that luxury car we could never afford. And, of course, we can spend more time with family. It’s the life we’ve dreamed of, as promised by those popular Freedom 55 and Pacific Life insurance company commercials.

It doesn’t take a lot of asking around to realize that relying on Government pension income makes for a crumby lifestyle in retirement AND millions of people have gone happily through their working years with just that as their fall back plan. 90% of them according to the stats.  Read this link click here for a suggestion from RBC about saving for cash flow in retirement. WOW. good luck with that approach. And I truly encourage everyone to inquire what the state of their monthly income will be if they rely on CPP and RRSPs…you might be surprised.

This FORBES article was written by retirement activist Robert Laura. (click for Forbes-Article Article It’s an informative read and Robert dug in and got the real scoop on how business from  home, network marketing, can be one of the most significant solutions to retirement planning in more ways than you might first expect!! 

My story click here, is a journey to ensure I would have the freedom to enjoy life, travel and live dignified golden years. CPP and RRSPs would have rendered a life of poverty, & I didn’t want to be the Walmart greeter in my 70’s….the lottery? hardly a solid plan in my books! I spend my days now helping other people do what the FORBES article talks about….and it is so much more than just income. The joy and empowerment of my health and wellness home biz has helped me feel and look better than I did decades ago, given me a community of entrepreneurs to spend time with that is challenging and rewarding AND is providing reliable monthly cash flow. I am confident of glorious golden years! If you are curious about how it works, or what is involved, you can reach me at the contact tab  for a private Q&A session. Good video below to get you thinking…

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