Self reliant retirement

Self reliant retirement is no longer an option... It is a reality brought about by a failure in our political system... Both parties are at fault.

However, the inefficiency of, and the frustration directed at, our politicians provides an opportunity for baby boomers... Most of whom rely on financial planners for 100% of their retirement advice.

It is time that all of us realize that no one cares more about us and our families than we do... The government and the resultant economy makes self-reliance not an option any longer for those ready to retire or wanting to stay retired.
This pessimistic view, based upon the recent frustration and anger over raising the already astronomical debt ceiling...shows rather clearly that those that are relying on Washington for their retirement are bound for disappointment.

If we are not doing so already we must take matters into our own hands and look at ways to earn that are not dependent upon anyone but ourselves.

After all, no one cares more about your family that you do.

Retirement planning errors

• Making all retirement decisions based upon money
• Not reducing nonessential spending now
• Accumulating credit card debt
• Not developing self-reliant streams of income

Each one of these areas could be the basis of a long-winded treatise... Rather than rehash the obvious let us concentrate on how we can develop streams of income that are totally... I mean 100% totally... dependent only on you.

What is meant by non self-reliant retirement income?

Examples of income that is not under your control might include the following:

• Income or pension from a company...companies can go broke re:Enron, World Com
• Social Security income... The sooner you look at this as a bonus the better
• Any job that relies on receiving a paycheck from someone else
• Any profession that relies on government for funding

What not to do

Anything, such as getting an advanced degree, that makes it seem easier for you to be hired by someone else... You are still relying on someone else.

Exceptions to this would be obtaining degrees for high demand areas such as nursing or computer repair.

What to do

A self-reliant retirement approach, would be income soley based upon your efforts... This would be income based upon a trade or skill that you might have... Like electrician, plumber, electronic repair, etc.

A white-collar profession that should do well for many years to come is that of a real estate broker... Like anything else this requires hard... To very hard work and effort to be successful.

What I do for self reliant retirement income

I earn from maintaining this website...you likely found this site by searching for information on retirement online... This is what is called an informational website.

If you have a hobby, skill or interest that other people are seeking information that pertains to that hobby or skill...you too can earn online... The primary appeal to me is that I still "appear" fully retired... Since I can work any time and anywhere all of my choose.

Don't know zip about the Internet... That was me two years ago...

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