A recent Associated Press-LifeGoesStrong.com poll shows that baby boomers are seriously worried about their finances as they approach retirement age. In fact, many believe they will have to work longer than they anticipated or fear they will never be able to retire at all.
Born between 1946 and 1964, the boomers constitute a 77-million strong generation that has pretty much changed the American landscape each time it enters a new phase of life. As the leading wave of boomers approaches retirement, they are coping with high jobless rates, an unexpected plummet in home values and abysmal interest rates that have really stunted their savings capabilities.
Against this challenging backdrop, a full 64 percent of boomers view Social Security as the focal point of their retirement planning, according to the poll’s findings. Is it any wonder then that politicians have been reluctant to make any significant changes to this seemingly “sacred cow” of entitlement programs at this particular time in history? Unfortunately, political prudence may yet yield to necessity before too long, as America is facing an unprecedented budget deficit coupled with a growing number of citizens who live longer than was ever anticipated and that it just can’t afford to support.
So, what’s a baby boomer to do exactly?
According to the poll’s findings, two-thirds of them who are currently employed intend to keep working in some capacity even after they retire. While roughly a third of boomers view having to work as a necessity to make ends meet, close to as many also actually embrace the idea as a means of earning money for extras and staying active.
Baby boomers who are looking for options when it comes to generating additional income or who simply want to reinvent themselves in retirement would do well to learn more about the incredible array of business opportunities, distributorship opportunities, licensee opportunities and small franchises that are currently available. By taking the time to explore websites like BusinessOpportunity.com, they’ll quickly find that a number of home-based and other small businesses/franchises are especially suited to what many would call the ideal baby-boomer “retirement lifestyle”―complete freedom to set their own hours doing something they feel passionately about that can generate steady cash flow. In addition, a number of business opportunities or other home-based, small businesses or franchises require very little money up front to get started, so the return on investment can be significant.
If you’re a baby boomer who’s interested in either augmenting your retirement income out of necessity or simply funding those quality-of-life extras (like travel or a beloved hobby) that will make retirement all that you hoped for, why not get started planning right now? Reinventing your retirement can be an exciting and inviting prospect once you know what’s out there.
Click here to be redirected to the BusinessOpportunity.com home page and get started on your next great adventure as an active and prosperous boomer business owner today!