||Last Updated: Feb 6, 2017 - 2:32:04 PM
sure that you may not have been asked this question before and you may
be taken- a- back by it. You may not even understand what I’m talking
about. But Does Your Life Include a RIPE Plan? Do you have concrete
plans in place for your Retirement, Investing, Protection, and Estate
Most times we feel that these only apply to the aged, wealthy and
person who are ready to die. But no matter your age or how long you’ve
been working it’s never too early to get RIPE!
As a matter of
fact, the younger you are, the greater the chance you will have of
becoming financially independent at an early age. Being RIPE is a sure
bet to helping you avoid ending up in the “poor house” and it’s very
easy to end up there if you don’t watch what you are doing and start
PLANNING for your future.
Today we’ll look at the first step in getting RIPE – Retirement.
Realizing that no matter your age or how long you may have been working
that it’s never too soon to start planning for your retirement.
may surprise you to learn that you may be spending more time in
retirement than the years you have spent working. That’s right; your
retirement can last for 40 years!
With the advances in modern medicine and technology most of us can
expect to live to a ripe old age. This can be a “wonderful opportunity”
or it can be a “huge problem.”
On average, you know that we will
be living longer but are you aware of the financial impact this
increased life expectancy will have on your retirement plans?
A retirement of 20/30 years or more will require a significant
amount of money, and that is why it is so important that you think about
and plan for your retirement.
when our National Insurance Plan was implemented in 1974, life
expectancy was less than 65 years. The actuarial numbers that the
experts give us vividly illustrate the importance of building an
adequate retirement fund and also designing a smart strategy for
withdrawing those funds so that you won’t “run out of dollars before you
run out of days.”
What kind of lifestyle would you like to have?
What income will you need to support that lifestyle?
What sources of income will you have and how much will they provide?
WILL these sources increase with inflation?
Will you have to or want to work beyond your normal retirement age?
What will you be able to do to produce additional income?
That is why it’s important for you to start planning today!
wouldn’t go on a week’s vacation without thinking about the clothes you
should pack, how much money you should take or making hotel and car
reservations, would you?
If you did your trip could be ruined. Similarly, your retirement journey maybe jeopardized by your ill-preparedness.
And I invite you to take a step in improving your retirement planning by getting this
FREE Report Don’t Wait Until You Are Retiring To Start Planning Your Retirement
Glenn Ferguson is a Speaker, Coach and Syndicated Writer, helping
you to painlessly take control of your money to create wealth for you
and your family. Email to: glenn@
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