Do you remember how you looked at retirement when you were growing up? Perhaps you still look at it the same right now…
I always thought that I was supposed to work until I turned 65, save as much as possible up until that point, then simply retire to an easy life of no more responsibility as I live on my savings and social security.
But the game has most definitely changed, and it’s continuing to evolve all the time. It’s time for you to realize the real options you have available as you plan for and enter retirement…
Let’s take it by steps.
Social Security
Each and every day, it seems we can count on social security less and less. What our parents and grandparents were able to enjoy simply isn’t the same for us.
We have to take our futures into our own hands and make sure we earn the life we want to have in retirement.
Retirement Age
Retire at 65 – that’s what I always heard. But that’s no longer the case for the majority of people. Some people are working into the their late 60s, but what I’m really referring to is looking at the retirement age differently. You have options, like these:
- A phased retirement – You don’t have to quit working all at once. One option is to gradually cut back on your work hours. And this does two things for you – it allows you to keep earning money for more years, and it also helps you stay active and purposeful.
- A retirement job – One thing many retirees are now flocking to is ending their primary careers, but finding a new gig in retirement. Many times this is a part-time job, but the objective is to find purpose in something you enjoy doing.
- Mini retirements – This isn’t for everyone, but one thing a select amount of people are choosing to do is taking multiple “mini retirements” throughout their lives instead of working 99% of the time until 65. The idea here is to take 4-month retirements every couple of years in which you can travel, visit family, recharge, etc. Obviously this requires a job that allows for this type of lifestyle, but it’s a very appealing way to look at retirement.
Saving
One thing I hope being a member of The Midas Legacy changes for you is how you decide to save for retirement. For me, gone are the days of handing my money over to a mutual fund manager or some other “professional” who is going to invest my money in the stock market for pathetic returns, or worse – I’m sure you remember losing plenty of money in 2008 from these guys.
That’s why you should consider saving differently – investing in stocks is still very much a viable place to earn real returns on your money, but it’s going to happen not by following fund managers, but by utilizing the right resources or learning to do it yourself with things like our Code Breaker course.
The point is that you need to take it upon yourself to grow your money, which is why you’re probably here in the first place. SO make sure you’re taking full advantage of the resources The Midas Legacy provides.
