Top Concerns for retiring boomers

According to the Census Bureau, many baby boomers born between 1946-1964 have the lowest poverty rate among all age groups.

This group was born during the years of post-war prosperity. They were also the generation of fighters trying to survive and thrive.

The characteristics of the baby boomers tell us they are fighters and self-reliant. And hard-working

But after years of hard work and it’s time to enter the glorious retirement age; they have to battle a new set of problems.

With inflation rising against the cost of living, it’s becoming harder for those living on a fixed income to pay their bills.

Because of this, many boomers nearing retirement age delay their retirement until they reach their 70s and beyond their current standard of living.

And some of us already retired and have had to return to work are looking for even more ways to earn money to help make ends meet.

Some retirees own homes and would like to be able to use home equity as a way to supplement their income but are afraid of being scammed.

Being Able to Afford Retirement

According to this survey conducted by the AARP, boomers can’t afford to retire. Nearly half of Americans 50 and over have $25,000 or less saved for retirement.

This article also suggests that many baby boomers don’t have a realistic view of retirement and, as a result, are not putting in enough effort to prepare for it.

It has become the norm to work past age 65 because of economic necessity.

Many have also taken the necessary steps to cut their expenses; some have downsized their homes to raise money for retirement.

Will there be Social Security for me?

There is the possibility that Social Security may not be around for the next generation.

Baby boomers now strive to live more simply as they realize their savings are not enough to keep them living how they are used to.

Caring for their elderly parents

Not only do boomers have to survive on their pension, but in some cases, they also have to take care of their parents.

That’s a lot of emotional and financial strain put many baby boomers,’ and along with the unpredictability of what the future holds in the way of their economic well-being, this could cause another kind of crisis that may lead to depression.

Health Issues

Living longer is a two-edged sword. Because we are living longer, way into our 90s in some cases, this increase in longevity has also increased incidents of illnesses and disability.

This means planning for our retirement has to include our healthcare needs.

And this planning should be the expense for long-term care. According to the Pennsylvania Health Care Association, Alzheimer’s disease.

• An estimated 70% of people turning 65 will require long-term care in their lifetime and receive care for an average of 3 years.

I am afraid these problems will not disappear, especially since most of us are still healthy.

We hope Medicare and social security will remain available for us and the younger generations.

There is a solution that I know can and will help alleviate the need for an extra job, as this solution will probably not be suited for all of us.

Working beyond retirement age

Because of illness or disabilities, we cannot stand the rigors of working outside the home.

The other solution is working from the comfort of your home, which can be achieved online.

All you will need is a computer and access to the web via a Wi-Fi hookup, and your cable company can do this hookup.

Most transactions can be done online today and with today’s technology. Because of this, there are many opportunities to make an extra income without the hassle of leaving your home.

I used to shop in a store and look through all the merchandise, sometimes just for the sake of looking. But now it seems that brick-and-mortar stores will soon be a thing of the past.

You can do several jobs online, from teaching to customer service rep; you could also offer your service. And many other things.

Working from Home

 

I chose affiliate marketing. To be honest, I knew nothing  about affiliate marketing, and it was just impossible when it came to technical stuff, and I wasn’t even a good typist,

I found Wealthy Affiliate, and now this company has a platform that was built for anyone who wants to be an online entrepreneur,

This platform is suited for people like myself or experienced online marketers.

This company has existed for 14 years and has a membership of over 1 million, and it has also gained a reputation as one of the best hosting platforms.

There are two forms of membership free and premium.

Free Membership

The free membership has no expiration date, and you can remain free as long as you like; however, the information and tools you will receive whit this type of membership are limited.

With the free membership, you will receive 5. lessons or phase 1 of our Online Entrepreneur Course,

This course comes with easy-to-understand video lessons, and there is no rush; you go at your own pace and will be given the essential tools and information to build your website, find your niche, get ready for the search engines, and start writing your content.

Here is a video of one of the lessons in Phase 1

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However, It is my opinion  that it would be in your best interest to upgrade to the premium membership,

Premium Membership

Members of the premium level show a 5. times more success rate. And for all that is included in the premium level, the price is very reasonable.

And with the premium membership, you will also have access to some live training videos, these are given once per week, but the lessons are archived, so you can access them anytime you wish.

Another great asset of Wealthy Affiliate is its community; this incredible community is active and full of like-minded people willing to assist you ( in the sense that we all share the same goal, to be successful online marketers) in attaining your goals.

And because our members consist of people from around the globe, someone is always on live chat to assist you.

Our Tech Support team

 

Our Tech Support team is the best; their response time is almost instantaneous, they are very courteous and knowledgeable, and they can be contacted from your desktop at no extra cost, unlike other platforms.

I must let you know that hosting your website and backup is free with both memberships.

If you do not necessarily want to do online marketing, you do not need to be a member of Wealthy Affiliate,

Maybe you need a website to do business for yourself, advertise your projects, and sell your goods. Wealthy Affiliates can be of benefit to you too.

I invite you to join us for free and look around. I will be there to answer your questions, and I would suggest If you want to see all the premium has to offer, you can become a premium member in the first seven days of your free membership for only $19.oo, so take advantage of this offer.

You can join from any link in this post, and I will be the go-to person. I promise I will assist you in any way I can.

Conclusion 

There is nothing to lose by becoming a free member. There is no commitment to be made, and you will not be asked for any financial information; you will be asked for your name and email address.

I would suggest you at least do the phase 1- 10 free lessons before deciding if you want to continue; that’s what I did.

If you want to join a legit program that will deliver real value, the Wealthy Affiliate is that company.

Please be careful and remember the internet is full of scams. Wealthy Affiliate is NOT one of them; you are safe here.

Thank you so much for reading this post; I hope you found it helpful, and If there is anything I haven’t covered or you have any other questions, let me know in the space provided below this post.

NOTE:  This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you).