Can a Home-Based Business Help Your Retirement Plan?

Admit it. You’ve thought about your retirement plan - right? So what’s the number you came up with to live comfortably? You may need to consider a home based business….

Chances are you said something much larger than $25,000 I bet. But did you know that according to the Employee Benefit Research Institute 60% of current retirees have less than $25,000 in savings and investments?

Excuse me!? But, how do they do it? Sure, they may be receiving Social Security and Medicare benefits, but can you imagine going into your Golden years "unprepared" ? How do you travel, treat the grandkids, and explore your hobbies, not to mention potential health related issues?

Those in the workforces need a reality check too! The same survey shows that 36% of workers have less than $10,000 in savings.

If you’re not able to plan for your future with the salary you’re currently making it may be time to start a home based business . Begin slow (part time) to supplement your income and then invest it for your future. There are many tax advantages that may surprise you as well.

"Take control of your destiny or someone else will" (And that might not be a positive thing!!)

Please leave a comment about how you are planning to "fund" your retirement….

Until next time, J.