Baby Boomers Retirement Options

 

What are you going to do now that you’ve done your shirt in the

latest bear market? 

Baby boomers are actually doing things their parents never did.

Luckily baby boomers retirement options have completely

opened thanks to the good old internet. 

For the generation before the baby boomers, retirement was

pretty much all-set. They retired in their early to

mid-sixties, lived on their retirement and social security

checks, sold their homes, and either moved in with their

children to spend the rest of their lives looking

after their little grandkids or lived on their own,

cultivated a garden, and developed eccentric habits. In the

winter, they handed the house over to the good care of their

children or the grandkids, packed up the caravan, and headed

off to Florida, California, Queensland, Spain, wherever they

could find warm weather. 

Not Baby Boomers; "have laptop will travel" is their motto. At

least it was until their retirement was all but wiped out in

the latest and greatest bear market. 

The Baby Boomer generation is known for its consumerism.

Boomers have every toy going. This includes their ongoing

fascination with the computer and the wonderful internet. Most

Boomers do not have a natural affinity for the computer. For

them it has become an acquired taste. They are lucky enough to

have the odd teenager around to help them through the minefield

that is the current computer. In fact teenagers are now being

surpassed by their younger siblings. Six year olds have a

natural affinity with the computer and instinctively it seems

have solutions for all kinds of problems that will freak out

your average Boomer.  

Boomers, more than any generation before them are looking for

freedom; freedom to travel around their own country and the

world. Many of them are used to travelling to exotic locations

at their company’s expense; conventions, meetings, sales

presentations, etc; freedom to do what the what, when they

want, with whom they want. They are looking for financial

freedom as well.  

Unfortunately, the housing market debacle of recent years, the

corresponding decline in world-wide share markets and the

dwindling chance of any government being able to provide for

their retirement, has left many Boomers in a bit of a pickle.

 

The retirement they were looking forward to has slipped out of

reach. Now you’ll hear many Boomers say "I’ve got lots of good

years in me, I don’t want to retire". The reality is that

millions of boomers cannot afford to retire. They in fact have

to work to pay the mortgage, the credit cards and all those

other loans they have "accumulated" over the years. Truth is

Boomers would love to be semi-retired, working part-time to

supplement other income (property, shares, government

assistance etc)  

More and more Boomers are looking at starting their own

businesses and are leaving the traditional workforce in droves

to pursue their dreams of freedom and a grand lifestyle.

 

Luckily there are a host of self-employment options for Boomers

whether they are cashed up or not. Let’s have a look at some

options. I have categorised several possibilities for Boomers

based upon two factors; Chance of Success and Cash Outlay

Required.  

High Chance of Success, High Cash Outlay 

If you want to have your own business and be assured that it

will be successful then you are dreaming! However, given you

are committed to your own success, and I imagine you are if you

are reading this; a franchise system such as a McDonald’s, KFC,

Baskin-Robbins or Super 8 economy motels, is probably the

safest bet you can make. 

The advantage of this type of business is that they have a

system in place – a system that works. They have marketing and

advertising nailed and 99 of businesses fail in the first 12 months.

After 5 years, 55 have failed. 

OK, let’s say you have the money and let’s assume you are going

to succeed. After all, if you are going into your own business

your mission statement is unlikely to read. There is a 20.

The masses, the other 98% usually stumble around in the dark. A

lot quit before the losses become unmanageable but a lot of

people literally do their dough, and lots of

it! 

High Chance of Success, Low Cash Outlay 

So far I have talked about businesses where the chances of

success are low or the cost of getting yourself set up is so

large it will present you with a real

challenge. 

The good news is that for baby boomers there are retirement

options that are not going to cost an arm and a leg and have a

very high chance of success. 

A quick search on "Google" will present an array of internet

and home businesses that can be operated by the Baby Boomer

looking to achieve semi-retirement.  In fact, a lot of

these businesses can be operated from a laptop which allows

baby boomers to travel and make money. 

Which business is right for you? Which low cost business will

you be able to get up and running quickly and efficiently with

great training and support? 

There are a number of companies that the author looked at in

June 2008 and the only one that met all the criteria was

Liberty League.  

Liberty League International is a Direct Sales company in the

personal development industry and has a presence in 147

countries. It is a privately owned company established in 2001

and has seen phenomenal growth, especially since 2005, when the

DVD, "The Secret" was released to the world. Personal

Development and the Law of Attraction became accessible to all

with the release of this movie later to become a

book. 

What makes this company so good? 

1.     

Low start up for a business at around $22,500 

2.     

High chance of success. Whilst it’s true that a small

percentage of associates make the really big money, a large

percentage of participants make a multiple six figure

incomes 

3.     

The training and support available is second to

none 

4.     

The program is so simple anyone can follow it and make a decent

income 

5.     

The business can be run part-time from anywhere that an

internet connection and cell phone range can be

found. 

Baby Boomers retirement options have opened up thanks to the

internet. Now you know about a great part-time, home based

business opportunity where a substantial income can be

generated for life. Get in touch with the author today and

never worry again about how your government is going to take

care of you in your later years.