To retire and never run out of money could be your reality today!
The strategy to never run out of money when retiring is something many struggles with but very few really solve. Let’s face it once and for all. If you rely on your pension funds only, the probability is pretty high that you will run out of money in retirement.
Of course, the situation varies a lot from person to person, but this “lack-of-money-syndrome” is quite simple to explain:
- There are no sufficient retirement savings to back up your current lifestyle.
- People are living much longer than before.
There are many things that can be subject to discussion when it comes to retirement and never run out of money. However, these two realities are the naked truth nobody can deny.
When surfing around on the Internet, you’ll find a lot of explanations and proposals for solutions. But they are primarily defensive ones. What does that mean? Spend less, downgrade your lifestyle, sell your house… Is this way you would like to end the last years of your life?
In a detailed survey made by the prestigious life insurance company Allianz, the evidence is indisputable about the poor financial preparedness most people have for their retirement.
To Never Run Out of Money, Depends on What?
If people live longer than before, what does the retirement future look like? Most advice you find on the web is mainly focused on external factors, like:
- How many years should you expect to live as retired?
- What reforms are necessary to put in place by authorities?
- What employment rules need to change to create job opportunities for older workers?
- …and it goes on in the same tone
There are two different ways you can approach the problem.
The first one, and let’s be honest, the most common one, is to just accept the situation and hope that the “surrounding” will be in your favor.
As a second approach, you can be the one who takes charge of the situation, being proactive in the search to never run out of money in retirement.
Can you feel the difference between being dependent on the government and other external institutions versus managing your future yourself? You indeed need to be prepared to escape your comfort zone if you are in charge of your own destiny. But on the other hand, by taking that step, you will be able to reach any goal you would like to achieve.
You’re the architect of your own future
By mentalizing that you and nobody else will be in charge of your future, you have taken a giant step toward the freedom we all strive for. To never run out of money is actually an issue where you decide whether it will happen or not.
When you take this step, you will find that the future can look like whatever you prefer. It’s all up to you.
So, what is the expectation for future retirement? The number one topic popping up is that people today are living longer than at any time in history. How should you plan for such a reality? More savings, less spending, a combination of both, or something completely different?
Here comes the challenge. Many prefer to stay within their comfort zone and go for more savings and less spending. That is all right, as long as you’re happy with such a decision.
Literally, no other choice did exist, and you had to adapt to what was available. Thanks to digital development, you’ll today have a choice, and you decide what direction to take.
Pause, Progress, and Never Run Out of Money Again.
Exactly 8 weeks ago, my last blog post was published. The article’s title, “Why Pausing Could be the Best Way to Progress,” could be better. By taking one step back and preparing to take two steps forward, I could focus on what I believe is crucial for my audience: useful content to solve your problems the best way.
Behind the scenes, we have now finished the new website, The Golden Age Lifestyle, your home for retirement tips. Further, my renewed YouTube channel is now live. It’s your channel exclusively designed for all topics related to retirement and problems linked to retirement.
Do not miss any of the following coming videos. View the video above and at the end of the video you can subscribe to my YouTube channels.
My website, where you also will find my blog, and YouTube channel, will be my primary social media channel. Facebook isn’t my preferred media, but here’s a link if you want to sign up. Instagram, instead, is a much more active way of communicating. Here’s my link.
Soon, LinkedIn will be connected to my network.
Whatever media channel is of your preference, do not forget to grab your free training on how to create your hyper-profitable online business from scratch. Get your access here!
Without any doubt, it’s the best way to never run out of money when retiring or about to retire, and the number one killer strategy for your prosperous future as retired. Money isn’t all in life, but it helps a lot to live a lifestyle of your preference. Click the box below, get immediate access and learn more!
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