Most people would call this a disaster.
It’s like the scene in the movie “Perfect Storm” where the meteorologist studying the weather graphics says “this could be a disaster of epic proportions. This could be the perfect storm.”
That’s exactly what 78 million Baby Boomers are faced with right now. Their greatest fear is that they will outlive their money . Can you imagine what life would be like in your late 60’s with no money?
These people are desperately seeking financial solutions to their problem.
Some of the options available to them are:
• Work longer. Do you know what the problem with this option is?
• Get a part time job during retirement. Do you know what the problem with this option is?
• Get a reverse mortgage where they sell their home to a mortgage company at current value and receive monthly payments. Do you know what the problem with this option is?
• Buy annuities which will allow the person to receive payments for life. Do you know what the problem with this option is? The person must pay a large lump sum payment in order to purchase an annuity. Insurance companies take the cash the person paid for the annuity and invests it in order to generate profits. And if the person dies before the money is paid out, the investor loses.
• Lower their standard of living. Essentially reduce expenses in their golden years. Do you know what the problem with this option is?
• Start a home-based business allowing them to make money from the comfort of their homes while taking advantage business tax deductions. Do you know what the problem with this option is? Most home businesses fail due to lack of support, training, and mentoring which leads to business failure within the first year. Many others are scams and do not offer any type of guarantee.
Click here to learn how to help and earn an honest living.
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