When it comes to financial and retirement planning I am sure you may never been asked this question before. But Does Your Life Include a RIPE Plan?

And I am sure that you may not have been may be taken- a- back by the question. You may not even understand what I am talking about.  But Does Your Life Include a RIPE Plan?  Do you have concrete plans in place for your Retirement, Investing, Protection, and Estate Planning?

Most times we feel that these only apply to the aged, wealthy and person who are ready to die. But no matter your age or how long you have been working it is never too early to get RIPE!

As a matter of fact, the younger you are, the greater the chance you will have of becoming financially independent at an early age. Being RIPE is a sure bet to helping you avoid ending up in the “poor house”  and it is very easy to end up there if you do not watch what you are doing and start PLANNING  for your future.

Today we will look at the first step in getting RIPE – Retirement. Realizing that no matter your age or how long you may have been working that it is never too soon to start planning for your retirement.

It may surprise you to learn that you may be spending more time in retirement than the years you have spent working. That is right; your retirement can last for 40 years!

With the advances in modern medicine and technology most of us can expect to live to a ripe old age. This can be a “wonderful opportunity” or it can be a “huge financial problem.”

On average, you know that we will be living longer but are you aware of the financial impact this increased life expectancy will have on your retirement plans?  

A retirement of 20-30 years or more will require a significant amount of money, and that is why it is so important that you think about and plan for your retirement.

1. What kind of lifestyle would you like to have?
2. What income will you need to support that lifestyle?   
3. What sources of income will you have and how much will they provide?  
4. WILL these sources increase with inflation?
5. Will you have to or want to work beyond your normal retirement age?  
6. What will you be able to do to produce additional income? 
   

Remember, when our National Insurance Plan was implemented in 1974, life expectancy was less than 65 years. The actuarial numbers that the experts give us vividly illustrate the importance of building an adequate retirement fund and also designing a smart strategy for withdrawing those funds so that you wont “run out of dollars before you run out of days.”
    
That is why it is important for you to start retirement planning today!
    
You would not go on a week’s vacation without thinking about the clothes you should pack, how much money you should take or making hotel and car reservations, would you?

If you did your trip could be ruined. Similarly, your retirement journey maybe jeopardized by your ill-preparedness.

And I invite you to take a step towards rescuing in your retirement by getting this FREE Report  Don’t Wait Until You Are Retiring To Start Planning Your Retirement

Copyright © 2010 - Glenn S. Ferguson