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Promissory Notes: Rejuvenate Your Retirement Income

Not Having a Retirement Plan May Make Retirement Impossible

Are You Heading Toward Retirement Without a Plan?
Most Americans think about, and talk about retirement by age 65, but fewer and fewer can do it.
The group of people age 65 and older is the fastest growing segment of the labor force. About 10 years ago, 52% of such Americans worked full time, but that has increased to 58%. Obviously, many working people are not investing properly for their retirement; they may be under investing; they may be investing in the wrong assets; they may be taking unnecessary risks. Each year that passes reduces opportunities to make corrections and increases the savings necessary for a comfortable retirement …

The problem with not having a retirement investing plan-a financial goal– is you can spend your life working hard, running up and down the field and never score a touchdown.

Plan your Income Needs
Identify where you want to be, financially speaking, at retirement age. Calculate how much income you will need to live during your anticipated retirement period; determine the life-style you need; estimate the number of years that income will be needed. Make realistic estimates.

Determine the savings and the income you will need to reach your retirement goal. Put your calculations on paper; use numbers, not mere words. Have a trusted friend review it for reasonableness. We all have a tendency to delude ourselves on matters that are difficult to face. Sometimes "the truth is badly heard".

Maximize your Income Using Promissory Notes
Gaining financial security is a three steps plan by having:
• An above-average work ethic
• A below-average spending and consuming pattern
• A desire to, and a plan for, investing for the long haul

Promissory note investing is not as easy as stock market investing because promissory notes are not listed and traded on a public exchange. You have to inquire and make…

Read More…. by Lawrence Tepper

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The post Promissory Notes: Rejuvenate Your Retirement Income appeared first on Note Investing Seminars.

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