The Ugly Facts About Retirement–Take The Necessary Steps

Approach to take
The ugly facts about retirement

The Ugly Facts about retirement

Most boomers still have a long way to go to ensure a comfortable, financially secure retirement.

But, with consistency and dedication, retirement can be comfortable and financially secure.

We will take a look at some facts about retirement planning.

Employer matches require work

Workers sometimes think of employer matches as free money, but that is not quite the case.

There are some requirements that have to be met, you may be required to a minimum period of employment or contribution to your retirement account, before you become eligible for employer contributions.

Some employers require a year of service before providing any matching contributions.

Second, once you’re eligible for the employer match, you may have to contribute a minimum percentage from each paycheck yourself to get it.

Only 47 percent of surveyed employers provide immediate vesting of employer contributions.

The only money in your retirement account that is fully vested and  truly belongs to you is your part of the contribution, you may have to wait up to six years to get to keep the combined contribution of you and your employer. If for any reason you leave the job earlier than the stated terms to be fully vested you may not get some or all of those employer contributions.

What approach should you take

It is best to find out the applicable rules for employer contributions under your employer-sponsored retirement account.

Ask all the relevant questions like what is the waiting period for eligibility, how much you need to contribute to get the full employer match, and what is the applicable vesting period for employer contributions.

And you can also start a side hustle to earn extra cash so you will be able to save more.

Retirement age maybe higher than you think

A survey done by the Employment Benefit Research Institute (EBRI)

Said one in every two American workers expected to retire no later than age 65. But before that decision is taken it would be best to find out the pros and cons of doing so.

Retiring earlier than your full retirement age decreases your retirement benefit from the SSA

People born in the 1937 or earlier reach the full retirement age at 65, and for those born in the 1960 or later full retirement age would be 67.

And if you take your retirement benefits before reaching full retirement age your benefits could be decreased by 30 %

For those of us who are looking forward to having social security to be a source of income during our retirement age, it would be best if we are kept informed and keep track of our benefits.

You can visit the SSA website at

And if you do have a 401k retirement plan or any retirement plan at all it is best to leave it, do not borrow or withdraw any funds from it.

Remember the likelihood of you living 25-30 years in retirement is great and you would be living without a regular paycheck.

And because of this, It is suggested to go into retirement with little or no debt, I know that for some of us this is almost impossible,

There is the mortgage that some of us are still paying plus other debts which could be medical or children’s college fees.

I would like to suggest other streams of income to help to satisfy the need for extra income.

Online marketing is one of the many ways to earn money online, and in my opinion it is one of the best and most profitable.

It does take work, patience, and much effort but in the end, the reward is great.

Maybe you are like me, I had no idea what online marketing was, no computer skills apart from entering data, and retired and broke.

I found Wealthy Affiliate browsing the internet looking for a legit way to earn some money online.

I was a bit skeptical at first having been scammed a couple of times before, but Wealthy Affiliate was offering free membership with no expiration date, so I became a member.

I was so impressed with what I was offered that I became a premium member, no I have not made a fortune, but I am earning commissions and I know in time these commissions will increase.

Here is a great analysis of affiliate marketing and Wealthy Affiliate by one of our members

I saw a quote and I thought it represented affiliate marketing or online marketing well (they are the same) it said Entrepreneurship is living a few years of your life like most people won’t so you can live the rest of your life like most people can’t.

I would definitely suggest if you are nearing retirement age, this would be the time to start, so by the time you retire your business will be built and flourishing.

And remember at Wealthy Affiliate you can start for free, and with the free membership you will get the phase 1 of the best online marketing tutorial there is, phase 1 consist of 10 lessons and at the end of these 10 lessons you will have your own beautiful website ready for business.

Now as I said previously there is no expiration date associated with the free membership, but I would recommend updating your membership to premium especially if you have little or no experience in affiliate marketing.

The tools and information that comes with a premium membership is geared towards you reach your goals, Here is a list of the package of both.

The premium package also includes live training on Fridays,  and these  lessons are stored for easy access so you can revisit any time you wish, and I have left a sample video of one of the lessons.

keyword research
Understanding Keyword Research June 2018

For all the valuable information and tools provided the cost of the premium membership is very reasonable as you can see, and there are no upsells.

And with a free membership you will not be required to give any financial information just your name and email address.


Wealthy Affiliate is the real deal, this is no scam, there are many who have been successful here is a blog from one of them one of the

As I said previously success will not happen overnight, because like with any business you need time for you to gain your audience’s trust.

This trust comes with consistency, honesty, and patience, but you can rest assured it will come the hardest part of online marketing is patience.

Wealthy Affiliate has been around for over14 years and has established a reputation of being one of the better platforms for online marketing training, and has an A+. Rating by the BBB.

The Wealthy Affiliate platform is for all affiliate marketers, and it does not matter at what level you are, whether you are a supple affiliate or a newbie, you will find what you are looking for to succeed. And you become a member for free.


You have nothing to lose in joining for free after joining should you decide affiliate marketing is not your thing you can quit, you are not asked to make any commitment, no contract.

You can join from this post by clicking on any of the links within this post and I will be your personal coach, no cost attached. Looking forward to seeing you on the Wealthy Affiliate platform.

I do appreciate the time you took to read my post, please remember to share, and leave your questions and comments in the place provided in the space provided at the bottom of this post and I will reply ASAP.

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).


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6 thoughts on “The Ugly Facts About Retirement–Take The Necessary Steps

  1. This started as a scary read and im still 30 years from retirement, but continuing to read im so glad i sgned up to the premium wealthy affiliates package, im absolutly loving the process, i also wasnt aware of the friday training videos so thanks for that
    sam xx

    1. Hello, Sam, Sorry for the scare but we have to realize that we need to secure enough money to take care of us in our old age, having worked in senior health care as a CNA I have seen some situations that are too bad to mention. I would not want anyone to be in any of those situations.

      When we are young we feel that we have all the time in the world to save for our retirement, but time fly by so fast and it always seems that something is more important than saving for retirement,

      So it is good to always have a source of extra income and I think that online marketing is one of the best sources it may not be fast but in time it can be sure.

      I am so happy that you found WA and just stay the course remember you can have many streams of income
      Wishing you great success.

  2. I do not believe we should solely depend on retirement or even social security. As you mentioned, the only money that is really ours is the money that we put into these programs. There are no guarantees.

    Having an online business has been the answer for me. You will probably not see success overnight but a company like Wealthy Affiliate can teach you the skillset needed to write your own paychecks, because what you make is really unlimited and dependent on your efforts.

    Everything is moving online. More and more people are online each day searching for an answer. Learn now to give them what they are looking for and in the process earn a full time living from home without being dependent upon any government system.

    Thanks for sharing.

    1. Hi, Nate, thank for taking the time to share your comment, I too am happy I found this online business, and you are so right everything is now done online, so it makes sense that we become apart of the online business.

      If you notice a good amount of the brick and mortar business are closing their doors but are operating online the online market is growing and doing business is fast becoming the only way to do business.

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