Cash Flows That Could Be Realized From The Best Alternative Reinspirement Replaces Retirement – 2009

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Reinspirement Replaces Retirement – 2009

“Age means nothing to me. I can’t get old; I work. I was old at twenty-one and out of work. As long as you work, you stay young. Retiring at sixty-five is ridiculous. When I was sixty-five, I still had pimples.” George Burns 1896-1996

 

One of the most disturbing aspects of the recent economic downturn of 2008-2009 is the fact that many people on the horizon of their golden years have just had around 50% of their pension portfolios wiped out. Hard-earned money invested in 401(k), IRAs, stocks and bonds, or mutual funds with the advice of a trusted advisor – virtually disappears overnight! Not only were huge sums wiped out, now recession-hit companies have frozen access to employee 401(k) accounts! Who knew? (401(k)’s Hit Drawing Freezes – Wall Street Journal May 5, 2009)

 

If that wasn’t bad enough, those who depend on Social Security benefits to make ends meet got some bad news. For the first time in 30 years, they will not receive their COLAs (cost of living adjustments) for 2010 and 2011. Older Americans on fixed incomes, who received a 5.8% COLA increase in 2009, will struggle to keep up with the cost of living. they move on. (Social Security Benefits Not Expected to Increase in ’10 New York Times, May 2, 2009)

 

Oh, so much if I think it was yours money first! Reality paints a completely different picture for us.

 

Most Americans spent the prime of their lives with one eye, looking forward to that magical moment when they could give it all up to golf, fishing, gardening, and spending time with their grandchildren. While many suffered through jobs they hated, spending hours away from their families, dealing with the stress of professional responsibilities they didn’t really care about, retirement provided the carrot to cross the finish line.

 

Unfortunately, this root is hard to find these days, as retirement as a social concept is in the Western years. The writing has been on the wall since the 1990s, when pension plans were shut down or bankrupted and jobs were sent to other countries. The 2008-2009 recession took the retirement scenario from bad to worse. Still, most Americans prefer to keep their fingers crossed in the hope that they might be the ones to crack the window to retirement before it closes forever. Lest we forget, the employer of last resort, the federal government, continues to dangle the carrot of healthy pensions.

 

The good news is that there is already an alternative. The extreme transformation of 21st century retirement is REINSPIREMENT. Re-inspiration was born from the ashes of the exponential loss of purchasing power in a debt-based monetary system. This is an idea whose time has come. Much like the conventional wisdom that tells us to start saving for retirement when we’re young, re-inspiration offers a similar journey in life.

 

Accessing a comfortable independent life in later years requires a willingness to reframe our thinking about money and plan for the future. Reinspiration claims that you (with the help of friends, colleagues and experts) can design and implement a career path to meet current and future needs, starting simply from where you are and what you have today.

 

Lifetime cash flow is the name of the game, but it doesn’t necessarily mean a lifetime of hard work. Part of the challenge of re-inspiration is learning to leverage your solid assets (not fancy digital numbers on your statement) to work for you in the future. Each individual’s unique talents, interests, assets, and skills offer the key to unlocking and developing a personalized re-inspiration strategy.

 

Committing to re-inspiration means you will blaze a trail beyond current societal expectations of when to hang up your saddle; i.e. when private money will stop flowing into your life. If you embrace this mission, you will lead by example by providing a critically needed role model for future generations. As long as the central banking system exists, the value of the currency will continue to depreciate. This means that young people will need viable options for their later years even more than we do.

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