Lifestyle newsletter 15 July 08
Our goal – that you will have at least 70% of your pre-retirement income
INTERNET PORTAL FOR ZOOMERS
Here it is: http://www.50plus.com/
This site bills itself as the Internet Portal for Zoomers, Boomers, 50+ and Retired People.
(It appears that “zoomers” are boomers with zip)
AFFLUENT BOOMERS HAVE OPTIONS
A recent survey by Bell Investment Advisors – of those born in 1948 and now with assets of $1,000,000 - found that 40% plan to continue working beyond their 70th birthday.
Why would they continue?
Of the 40% who intend to work on, almost three quarters said that already they are looking for intellectual challenges.
39% said they will continue working to maintaining their standard of living.
Of all respondents, 23% want to continue as long as possible, 20% plan to focus on their passions, 18% plan to work part-time and 6% to explore new career prospects.
31% have a real estate portfolio, 23% have a formal retirement savings plan, 19% have a company superannuation scheme plans, 17% have an individual retirement account, while only 4% expect to have access to government welfare.
If you want to explore your options of joining such an affluent group, contact me Bernard Kelly anytime at admin@retirelaughing.com mobile 0414 778 518 cell 61-414 778 518
SPEND SIX MONTHS IN EUROPE – EVERY YEAR
I was chatting with some private clients recently and they told me their formula to fund six months living in Europe each year.
Their solution was to establish a modest business giving tourists “cultural tours” at the village level.
They had fallen in love with Italy, and had purchased a tiny house in a small town inland from the delightful Amalafi Coast, 250 klms south of Rome.
So to get to know more of the region, and to fund their six months annual holiday, they put out a few ads on Google, explaining their concept of “cultural tours” and they had their first customers.
They started out by renting a 12 seat bus and a support station wagon.
How easy is that?
Now you can easily travel Rome to Salerno in one day, but their tour takes TEN days.
On day one, they meet tour members at a coffee shop overlooking one of the famous fountains in Rome, then head off to their first stop. It’s just a regular village, but the tour party is able to sit in the village square and sip coffee and walk around the local streets and explore the various churches.
Next day they are off to a different village. Each day it’s different village, and there is always one planned excursion, e.g. to a school, to a farm, to Roman ruins, to watch the fishermen land their catch etc etc but always there is ample time to sit in the village square and be part of the culture.
Then on day ten, they drop the tour party off at the railway station in Salerno.
Then they have a week off in their own home, then go back to Rome to start the next tour.
There’s no need to speak Italian, as everybody in the tourist industry speaks English, and they hire a local guide for each local “cultural” excursion.
To my mind, you could use this formula in any country – the USA, Germany, Malaysia, Japan. It will be an intellectual challenge that will keep you young. Go for it!
UK PENSIONER POVERTY RISES
Figures published in the UK in mid June showed that more pensioners are living in poverty.
The cause is due to council tax hikes and soaring cost of living. The average council tax bill has more than doubled since 1997.
The total number of poor pensioners in the UK is now 2.8 million. The total population is 44 million.
The figures published were based on figures at least 12 months old, and so exclude the impact of recent petrol increases. However they do expose the extent of the poverty trap faced by pensioners who survive on a fixed income.
And because many pensioners have larger homes - bought many years ago when they could afford the upkeep - they are particularly badly affected by council tax increases.
If you want to avoid a similar outcome in your retirement years, let me help you explore your options.
Contact me Bernard Kelly anytime on admin@retirelaughing.com skype bernard.kelly1944
WHY DO YOU THINK YOU WILL BE COMFORTABLE?
I would really appreciate your feedback.
The facts are stark. Virtually everybody you know will not have the financial resources for 20-25 years of a dignified retirement.
The facts are that only 5% of the community will have an income of $50,000 in the first year of their retirement (and for those only with super, their purchasing power will consistently weaken.)
So why do you think you won’t be in that 95% on struggle street?
I would really appreicate your feedback
INTERNET PORTAL FOR ZOOMERS
Here it is: http://www.50plus.com/
This site bills itself as the Internet Portal for Zoomers, Boomers, 50+ and Retired People.
(It appears that “zoomers” are boomers with zip)
AFFLUENT BOOMERS HAVE OPTIONS
A recent survey by Bell Investment Advisors – of those born in 1948 and now with assets of $1,000,000 - found that 40% plan to continue working beyond their 70th birthday.
Why would they continue?
Of the 40% who intend to work on, almost three quarters said that already they are looking for intellectual challenges.
39% said they will continue working to maintaining their standard of living.
Of all respondents, 23% want to continue as long as possible, 20% plan to focus on their passions, 18% plan to work part-time and 6% to explore new career prospects.
31% have a real estate portfolio, 23% have a formal retirement savings plan, 19% have a company superannuation scheme plans, 17% have an individual retirement account, while only 4% expect to have access to government welfare.
If you want to explore your options of joining such an affluent group, contact me Bernard Kelly anytime at admin@retirelaughing.com mobile 0414 778 518 cell 61-414 778 518
SPEND SIX MONTHS IN EUROPE – EVERY YEAR
I was chatting with some private clients recently and they told me their formula to fund six months living in Europe each year.
Their solution was to establish a modest business giving tourists “cultural tours” at the village level.
They had fallen in love with Italy, and had purchased a tiny house in a small town inland from the delightful Amalafi Coast, 250 klms south of Rome.
So to get to know more of the region, and to fund their six months annual holiday, they put out a few ads on Google, explaining their concept of “cultural tours” and they had their first customers.
They started out by renting a 12 seat bus and a support station wagon.
How easy is that?
Now you can easily travel Rome to Salerno in one day, but their tour takes TEN days.
On day one, they meet tour members at a coffee shop overlooking one of the famous fountains in Rome, then head off to their first stop. It’s just a regular village, but the tour party is able to sit in the village square and sip coffee and walk around the local streets and explore the various churches.
Next day they are off to a different village. Each day it’s different village, and there is always one planned excursion, e.g. to a school, to a farm, to Roman ruins, to watch the fishermen land their catch etc etc but always there is ample time to sit in the village square and be part of the culture.
Then on day ten, they drop the tour party off at the railway station in Salerno.
Then they have a week off in their own home, then go back to Rome to start the next tour.
There’s no need to speak Italian, as everybody in the tourist industry speaks English, and they hire a local guide for each local “cultural” excursion.
To my mind, you could use this formula in any country – the USA, Germany, Malaysia, Japan. It will be an intellectual challenge that will keep you young. Go for it!
UK PENSIONER POVERTY RISES
Figures published in the UK in mid June showed that more pensioners are living in poverty.
The cause is due to council tax hikes and soaring cost of living. The average council tax bill has more than doubled since 1997.
The total number of poor pensioners in the UK is now 2.8 million. The total population is 44 million.
The figures published were based on figures at least 12 months old, and so exclude the impact of recent petrol increases. However they do expose the extent of the poverty trap faced by pensioners who survive on a fixed income.
And because many pensioners have larger homes - bought many years ago when they could afford the upkeep - they are particularly badly affected by council tax increases.
If you want to avoid a similar outcome in your retirement years, let me help you explore your options.
Contact me Bernard Kelly anytime on admin@retirelaughing.com skype bernard.kelly1944
WHY DO YOU THINK YOU WILL BE COMFORTABLE?
I would really appreciate your feedback.
The facts are stark. Virtually everybody you know will not have the financial resources for 20-25 years of a dignified retirement.
The facts are that only 5% of the community will have an income of $50,000 in the first year of their retirement (and for those only with super, their purchasing power will consistently weaken.)
So why do you think you won’t be in that 95% on struggle street?
I would really appreicate your feedback
Bernard Kelly admin@retirelaughing.com skype: bernard.kelly1944
posted by Bernard Kelly @ 5:05 pm
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