Planning for Retirement
We Baby Boomers are sometimes not well informed when planning our medical care, especially when it comes to long-term medical care during our years spent in retirement.
We tend to put our hope and trust in Medicare which provides excellent health insurance. But it is not enough to pay for our medical costs. And doesn’t pay for long-term support and services at all.
In a study by Fidelity Benefits Consulting, it is noted that a couple turning 65 today will pay an average of $220,000 in out-of-pocket medical costs before they die,
The out-of-pocket costs not only include premiums but co-pays and deductibles.
And on top of their medical care, two-thirds of boomers 65 and older will have some long-term care needs.
That means a typical couple will need to put aside roughly $300,000 to pay for their care in old age.
Boomers think they’ll need only about $50,000 to pay for their health care in retirement. And many believe Medicare will pay for long-term support and services. But this is not so
Medicare does pay for health care. It provides very generous benefits. But even with great government benefits, they will still have to pay a hefty sum out of pocket.
So as we see, retiring is costly. I had a friend who wanted to retire, but he changed his mind after looking at his medical insurance cost without the workplace insurance plan.
So today, I am encouraging those who are close to retirement. Even if you are not, I think the younger, the better, or maybe you have already retired, and you are finding it a bit difficult to cope financially, or perhaps you need some extra cash, I think you should look into making money online.
Many online jobs can be a source of income for you.
You could drive Uber or Lyft or any other company that offers this kind of service; teaching is another good one; you could offer your services to teach or sell stuff online like crafts and clothes.
Photographs, antiques, or If you are one of those people, you can fix things; you could be a handyman you would be able to set your own time and price.
You could make a decent income from either one of the jobs mentioned, and there are many more.
But I would like to look at something that can better serve you for a long time, a business that you will be able to make a passive income over time. And you can join for FREE.
After it is established, a business can earn without too much activity on your part. I am talking about online marketing.
What is online marketing?
Online marketing is a method used for promoting products and services through the internet.
With online marketing, you will be able to advertise your skills and services or the products you are selling, or you can advertise for a company and collect a commission if anyone buys through your website by way of a blog.
So you may not know how to start a blog. Well, you don’t need any special knowledge, technical skills, or anything else to create your money-making blog
You can become a member of the wealthy affiliate at no cost (for free), and you will be taught a step by step method to build your website ( the beginner training course)
please have a look at one of our training videos.
Creating keyword-rich content lesson3 phase1
You will be given ONE website for free, along with web hosting will be provided for free; and included in this free sign up, you also get a personal affiliate blog,
Have a look at the free lessons program
Phase 1 of the Online entrepreneur program
Also, Affiliate Bootcamp training phase 1 only, keyword research tools (30 free searches), 1on one coaching for the first seven days.
A constructive and eager community of over 1,000,000 ready to assist you with a pay it forward attitude is encouraged.
Wealthy Affiliate Online Marketing
Wealthy Affiliate is a BBB-rated company with a 98 /100, and it is a legitimate company. NO SCAM and the beauty of this is you can join for free you can look around the at what is being offered.
You can also start building your website and doing the lessons, and if it is something you think you would like, then ok, if you do not believe it is for you, that’s ok too; you can quit, and it will have cost you nothing.
You will not be bombarded with a sales pitch on joining; you are not asked for a credit card number, so there is no danger of your credit card being credited; there will be no persisting telephone calls.
If you do decide to stay with us, you will be encouraged to upgrade to a premium membership which offers you so much more
With a premium membership, you will get, here is a list of what the two membership offers
- You may ask if it is possible to continue with the free website. The answer to this is a definite yes, but I would recommend that you upgrade to premium, especially if you are new to this like I was; you will need the extra information and tools to succeed.
The premium membership is $49.00 per month early; it is well worth the price. You can also pay yearly and get a considerable discount, but after seven days, you will be allowed to become a premium member for one 1month for only $19.00. I suggest you grab this offer as it will enable you to look further into our premium package; you will not be committed to anything; you can quit if you are not satisfied. No commitment; it’s a win-win situation.
As a retiree myself, I can tell you firsthand the daily living on a pension that cannot meet the needs. I am fortunate that my children chip in and help me. It is not something that I wanted but thank God they did it.
I am now a part of Wealthy Affiliate, and even though this is not a get rich quick or make a lot of money overnight venture, it is a business that can create a passive income in time. It does take discipline and work, but after your website is established and you have an audience, you can make money without much effort because your website will continue working.
So I am encouraging you to take the step to ensure that your retirement is not filled with stress about not having enough cash for the necessary things you will need or even to treat yourself to some extras.
Join us at Wealthy Affiliate you have nothing to lose; remember, you can become a member for free. There is a community of beneficial people, including myself, ready to assist you in any way we can, and should you join by clicking on any link in this post, I will be there to show you around the platform and answer any questions you may have
Thank you so much for reading my post; I hope you found it helpful and informative Please stop by again. Should you have a question or a comment, please leave it below in the space provided, and I will reply. Remember to share this post; I would appreciate it.
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).