Wednesday, August 15, 2007

Are Baby Boomers Ready for Retirement?

Are you a “boomer” who isn’t quite prepared to take on retirement?

If so, you’re not alone. After our troops returned from service in the Second World War and got to work pursuing the American Dream, the largest number of babies ever generated in the United States was born.

The “baby boom generation” is a term for the American population born between 1946 and 1964. We number over 76 million individuals (in a country with a total population of just over 300 million, according to the 2000 U.S. Census), and we’ve influenced American society more than any other generation in history.

When we were young we spiked the demand for elementary and secondary schools. As we became adults we challenged institutions of higher education and changed the labor market.

In four years this huge population wave will begin to leave the workforce. The Saint Paul Pioneer Press (July 2006) reports that as planners prepare for an age wave that will peak in 2030, signs are popping up that many members of the big baby-boom generation — now ages 44 to 63 — haven’t saved diligently enough for their later years.

If you’re among the almost one in three boomers who will lack money in retirement to pay for health care or long-term care, you need a plan NOW.

Well, the internet age, born during the boomers’ prime of life, may be the answer to this problem. Home based internet businesses afford the perfect opportunity for baby boomers to work part time, spend more time with their families, enjoy life and ensure an income for themselves. Besides, they help save on gas!

Sifting through the thousands of possibilities is a daunting task. But the top home based business opportunity fits us boomers perfectly. It allows us to generate a potential six figure income and higher while helping others, a true value of our generation, and it solves the problem preparing us to fully enjoy the rest of our lives.

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