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Retirement Income

What is “enough” when it comes to retirement income? “Enough” is different for everyone.  Perhaps “enough” means that your assets will create an income that allows you to live a contented life. But we all have different levels of aspiration and therefore what makes one person content may be far from enough for another person.

You have to work out what you need and what you want. Then comes the tough part.  Will you have enough retirement income to live the life that you desire, to some extent at least?

Whether it is a high or low income, so long as it enables you to live a life that will make you content, one that includes enough elements of what you want and need, that is all you need.

But what if you aren’t content with the income that your assets will provide?

Don’t despair. Consider your personal assets…your many skills and a lifetime of experience.  Are there ways you can use these to improve your financial situation and still enjoy your lifestyle?

In this category of posts we will explore ideas of how you can enhance your income, especially how you can learn about online business and how to start a business.

Of course if business isn’t for you we have a lot of information about getting a job and all aspects of your career.

Articles

  • Home loan interest rates, federal funds rates and inflation in USA March 11, 2023
    Correlation There is typically a correlation between home loan interest rates, bank cash rates, and inflation in the USA. Home loan interest rates tend to be influenced by a variety of factors, including the federal funds rate (which is set by the Federal Reserve), inflation expectations, and the overall health of the economy. Generally speaking, when the ...
  • Financial planning October 23, 2020
    What is a financial plan? A financial plan mainly reflects the current financial situation of a person, the person’s monetary goals, and the necessary steps to be undertaken to achieve those set goals. A financial plan may be personally formulated or with the aid of a board-certified financial planner.  What are the steps involved in financial planning?  First ...
  • Challenging Traditional Retirement June 15, 2020
    With the trend of people living longer many people worldwide are challenging the paradigm of a traditional retirement. An increasing number of baby boomers are questioning the retirement goal of leaving work at 65 for a life of leisure.
  • Tips for Creating A Successful Home Business September 3, 2019
    A large percentage of Baby Boomers reach retirement age feeling inadequately prepared for retirement financially. Even those with good retirement savings may feel they need to generate funds in order to be able to maintain their standard of living. Many more simply wish to continue working, even if it is part-time. The idea of starting ...
  • Starting a New Business for Baby Boomers August 6, 2019
    If you are thinking about starting a new business it might be best that you do it before you officially retire. There are a couple of benefits of doing so which I shall cover below. Tips for Starting a New Business for Baby Boomers Easier to get sources of funding When you hold down a job it is ...
  • Working Online: Self-Employed Contractor July 10, 2019
    Working online is a growing phenomenon and offering your skills through an online freelance business is a great way to start. It is becoming ever easier for people to find work online or to start an online business, with little cost for companies and clients to communicate. The trend is growing and is across a ...
  • The Freedom of Retirement May 19, 2019
    Would you like to combine freedom and income in your retirement planning? For many years the golden freedom of retirement was dangled in front of our generation of baby boomers. We aspired to “retire early”, encouraged by the financial planning advertisements of the 1980s. Retirement was considered the reward for a lifetime of working hard. It ...
  • Freelancing to Supplement Retirement Income April 5, 2019
    Have you thought about doing freelance work to supplement your retirement income? Do you love to voice your opinion on paper, have you always dreamed of writing a book? Do you like to voice your opinions on any and every subject that is a hot topic in the news? It does not take a journalism degree ...
  • What Is Your Wealth? March 19, 2019
    As you near retirement the question “Do I have enough to retire?” looms large.  You’ve worked all your life but still there is that gnawing feeling that you haven’t done enough. It’s time to ask yourself a different question – What is your wealth? – and recognize the riches that are in your life. The story of ...
  • Ways to Earn Extra Retirement Income January 19, 2019
    Have you considered how you could boost your retirement income? Some people consider retirement is when income and career stop…dead!  Many have never considered that they could earn retirement income. Life after retirement is supposed to be stress free but it may turn out to be the most stressful time of life for many because they ...
  • How To Overcome A Financial Setback And Still Have A Great Retirement May 24, 2018
    Let’s face it, the road to retirement isn’t always straightforward. Even with the best planning, many of us are likely to have to experience at least one financial setback in our life. The older we get, the more stressful if can be.
  • Top 25 Home Business Ideas for Baby Boomers January 18, 2018
    Let’s get your entrepreneurial sparks flying with these home business ideas, based on your current skills and expertise.  We started out with 25 but the list keeps growing! Deciding on a home business idea can be overwhelming If you are thinking about starting your own home business the available options can be overwhelming. Surprisingly there are many ...
  • I’d Love to Work from Home September 18, 2017
    “I’d love to have an online business and work from home” is a comment I hear regularly. When I work with people changing their careers, or even just chatting socially with people, so many express the desire to work for themselves.  Frequently this is followed by “I’d love to create a business online and work from ...
  • Selling on Amazon February 2, 2016
    Selling on Amazon isn’t as easy as people say it is! In keeping with our BoomersNextStep belief that baby boomers can thrive on making career changes and should not let age stop them from following their lifestyle dreams, in the post below I proudly announced that I’ve been practicing what I preach. I’d been searching for a way ...
  • How to Start an Online Business July 21, 2013
    Do you want to start an online business? Are you considering an online business? Do you want to start an online business but do not know where to start? Are you currently running an offline business and would like to utilize the power of the internet to grow your profit? Are you an online business owner who’s ...
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