Deadly Retirement Planning

Deadly Retirement Planning

Deadly Retirement Acts Analyzed in This Article:

Deadly Retirement Planning, Saving for Retirement, Retirement Savings
  1. Number One Deadly Planning for Retirement Act
  2. The Number Two Deadly Retirement Faux Pas
  3. Deadly Retirement Planning Act Number Three
  4. Deteriorating Health is Very Deadly By Itself
  5. Yet Another Deadly Act We Might Face
  6. Deadly Retirement Subjects in Summation

The Act of Deadly Retirement Planning

Deadly retirement planning is not an actual oxymoron. It almost seems like it has something to do with morons. But we don’t like to, or need to, be mean.

Believe it or not, it is an actual, real-life possibility. And, it is happening, as you read this, to far too many people. A quick side note, deadly retirement planning doesn’t refer to funeral services either. However, by not planning for your retirement years, you will certainly set your retirement in funeral mode.

And, if surveys by AARP and the federal government are correct, there are plenty of folks in this country called America not taking the upcoming retirement years into consideration. Some of them are at retirement age. Others are closing in on retirement age. 

Sadly, at that stage of the game, it is a bit too late to have the light come on. They need a better idea and they need it now.

Number One Deadly Retirement Planning Act

The number one deadly retirement planning act on the list is: Not saving enough. So, if all the surveys I have seen are correct, retirement won’t be the golden years for these people.

Those surveys, by the way, also tell us there are people who have nothing saved for retirement. Can you imagine having absolutely nothing saved for a day you know is coming? I mean it is YOUR life we are talking about.

The only income source they will be relying on every month is Social Security. Imagine dooming yourself to a monthly pittance of 1200 or so dollars per month as your nest egg.

Incomprehensible to say the least. But sadly enough, it’s very true.

Now, you ready for the double whammy? What if all the Doom and Gloom prophecies are correct? And Social Security actually runs out. Hopefully this coronavirus pandemic has opened more people’s eyes to living life in the danger zone.

Ugh. I’ll be the first to admit, I’m certainly not jealous of that potential train wreck. Unfortunately it could be you riding that train. Get off at the next station and start remedying your situation.

Number Two Deadly Retirement Planning Act

Coupled with not saving enough or anything at all is the act of draining your retirement savings. You’ve set up a plan and contributed regularly. That is the good part. You started off on the correct foot.

Then one day you decide to drain the account. Your intention is to replace the money next month, next year or in the future. You may even believe what you are telling yourself is true. 

Whether you really believe it or not, your retirement savings pool remains drained. You have entered the danger zone and can’t find a way out. You dug yourself a hole and forgot to stop digging.

How Did I Get Here?

You may be wondering how in the world a person can end up in this particular situation. Consequently, the answer, more than likely, lies in the fact those folks never calculated a retirement savings goal.

We could call this:

Deadly Retirement Planning Act Number Three

They probably never created or set a goal. Because they found it too daunting to calculate how much they will require in retirement. They simply were overcome by the number of variables with which they had to deal.

After all, nobody knows if they will get ill and incur huge medical bills. Nobody knows if they will require long term care. The one thing they knew for sure, i.e. they will get old, they ignored.

In other words, nobody knows the future. But for those who gave these variables serious consideration they created a retirement program that can adjust to them. It is a retirement program that says what if. It is a retirement program that is partially if not totally flexible to handle almost any situation presenting itself.

This doesn’t mean the worst will happen. It means it is addressed and hopefully remedied via the calculated retirement savings goal.

Deteriorating Health – A Deadly Act All By Itself

One thing we can count on when we age is deteriorating health. Our health usually doesn’t simply denigrate in one fell swoop. It happens over time. And when it does it brings along something called health costs.

Given today’s health costs deadly retirement planning could mean bankruptcy or worse for some folks. That is not a preferred position to be in especially when programs exist to mitigate these costs.

Certainly, it is no secret health costs have gone up substantially over the last 50 years. Google health costs and read the data for yourself. It’s staggering.

Nobody knows if this coronavirus pandemic will leave lingering health problems. What we do know, is that we can financially prepare today. Just in case they smack us in the wallet tomorrow.

This means with the trend being in the rise direction people retiring today will face rising health costs. Prepare. Act. Adjust your savings account and mentality.

Long Term Care – Another Deadly Act We Might Face

I mentioned long term care costs above. The costs vary by where you live. Big cities on both coasts have extremely high long term care costs. That doesn’t mean those of us who live in between the coasts have next to nothing costs.

The current monthly costs range from $5,000 per month to over $8,000 per month. That is in America’s heartland for those wondering where the costs are so low.

Notice I said per month and not per year. By the way, Medicare doesn’t pay for long term care. So if you thought they do, your thinking is wrong. Reread your Medicare pamphlets and you’ll get a rude awakening.

What does that mean? It means you need to become familiar and knowledgeable in this arena. For example, the surveys of long term care costs says the average per year cost is close to $90,000.

A Conclusion Worth Considering

Hence these deadly acts lead us to a conclusion that shouldn’t be ignored. At least for those folks who are thinking ahead. Therefore anyone not factoring in the woes and wows of growing old will always be looking in the window. Subsequently, watching all the people who did prepare like a hungry stranger.

So go get your affairs in order. Take steps to protect yourself should you suffer any type of diminished capacity. Moreover don’t fool yourself into thinking it can’t happen to me.

So who do you think represents those numbers in the surveys? Yep, me and thee as they say.

I am not a lawyer or even play one on TV. Consult with a competent legal professional about the legal instruments you probably should have already in place. At least some time before old age sets in place. Above all the earlier the better I’m told though.

These instruments include wills, powers of attorney, trusts, durable powers of attorney for health care, etc. Don’t fall victim to the deadly retirement planning traps. So get off your duff and smell the old age winds heading your way.



Senior Outreach Ministries achieves it’s objectives with the capital we’ve either earned or received from donors. The Proud 2 B A Senior Ribbon for example. Donate $5, get a ribbon and help us help a hungry Senior Citizen in need. All proceeds remain in the Ministries to be used per our mission statement. We are a volunteer church. No one receives a salary or wage. Please help us help less fortunate hungry Seniors. We never have and never will ask the government for grants, funds or hand outs. Thank You in advance.

**DISCLAIMER**

Senior Outreach Ministries makes no warranty, representation, or guarantee regarding the information contained herein or the suitability of any products and/or services for any particular purpose. Any performance specifications are believed to be reliable but are not verified. Buyer must conduct and complete all performance and other testing of the products and/or services, alone and together with, or installed in, any end-products and/or services. Buyer shall not rely on any data and performance specifications or parameters provided by Senior Outreach Ministries. It is the Buyer’s responsibility to independently determine suitability of any products and/or services and to test and verify the same. Senior Outreach Ministries does not assume any liability whatsoever arising out of the application or use of any product or service. And in the name of full disclosure one should assume any ad they click on or purchase they make will provide us with a small fee. This is not added to the purchase price of any item or service you purchase. It is however one of the ways we fund the help we provide to seniors and their caregivers. Any recipients of our help as well as our staff thank you and appreciate you greatly.

Work From Home Wishes

Work From Home Wishes

Work From Home Wishes, Make a living Working From Home
  1. Mind Altering Experience
  2. Don’t Forget Your Job
  3. Hardship and Translated Thoughts
  4. Work From Home Suggestions
  5. Not All Work From Home Activities Are Created Equal
  6. The Qualifying End of Story

Work From Home Wishes

Work From Home Wishes are usually had at work. So, if you are not already working from home, you may be one of those people who wish they were. That may seem obvious but it is very rarely expressed with any real meaning behind the statement. 

People say something like, I wish I could work from home. They say it but deep down they don’t mean it. They don’t mean it because they don’t know how to define it as it pertains to their world. It’s too confusing or difficult to them.

Unfortunately there is also the type of person who wishes something would just come walking through the door that will change their life for the better. You know the tooth fairy kind of thinking. Because we have multi-million dollar lotteries today, it’s the “if I win” line of thought.

Mind Altering Experience

If you are in the second category, it is time for a mind altering experience. By mind altering experience I don’t mean start using drugs. This is not a Timothy Leary experience in which you will be engaging. Not by a long shot although it may feel that way at times.

Reality says you must make the effort to improve your lot in life. Nobody else in this world will do it for you. I bet you already know that, right?

This may sound like a cold hard fact of life. It is. I realize the reasons people who indulge in wishful thinking do so because of their particular mindset and/or beliefs.

Don’t Forget Your Job

Some people love their job and don’t want to do anything else. Some people hate their job and take out their frustration by refusing to do anything but complain.

Either way, they still have a job. Sometimes the importance of a job is overlooked. It pays. The pay buys the groceries, gas, credit card bills and the mortgage. Maybe being appreciative for that old stand by called a job is in order.

I don’t mean staying there if you find something better. That better could be the lifetime work from home wish come true or a higher paying gig at another company. The job fills a need and it will continue to fill that need as long as you keep it.

Hardship and Translated Thoughts

Some people don’t want to face even the slightest of hardship which naturally translates into they would have to do something more difficult than what they are used to doing. Or, they may have to actually put forth extra effort.

Because our actions are our translated thoughts, we can change our actions. If we reset our thinking away from the woe is me or this is hard thought theology, we can begin to improve our circumstances.

One of my best friends is fond of saying the harder I work, the easier life gets. He puts his heart and soul into every endeavor. He doesn’t always succeed but he tries. When he succeeds, he usually reaps a very handsome reward.

That certainly indicates your thoughts will be a major guiding light in your endeavors. Why wouldn’t you want to channel them in a forward direction?

Work From Home Suggestions That Could Help You

Given this is true, and he is an ordinary guy who doesn’t have a college degree, everyone could at least try to achieve their wishes or dreams. The following suggestions may not be right for everyone but they are a good start to help you readjust your thinking on starting a home based business.

If you already have a hobby or product, start there. Do some marketing and advertising and see how far you get. A great example is the person who comes up with a fad toy. The toy started life as a hobby or toy for the developer’s children and the developer took it to the next level. You can do the same thing.

I’m not claiming this will be easy. You certainly won’t go from rags to riches overnight. But, and this is a big but, you never know what could happen if you get in front of the right person with the right idea or product.

If you do not have a hobby or product, select a company that has products that are in demand. They have already done the developing and marketing which means you don’t have to spend any money on those activities.

You will want to be sure the company offers support both offline and online. Online it probably will be forums or discussion boards while offline it’ll be literature and phone support.

If the company will pay you to refer people who join, all the better. This referral fee becomes a tertiary source of income. Look for other ways to increase your income from this company. You never know what they offer.

Not All Work From Home Activities Are Created Equal

This is another one of those painfully obvious statements. Some work from home activities require more time and energy. This could mean family time gets short changed. This could mean other events are cancelled or delayed.

Some folks would say, so what, let them get cancelled or delayed. My activity is far too important to me to worry about “other” activities. Nothing wrong with that mindset if you can actually carry it out.

On the flip side of the coin there are people who say they can do it but when push comes to a shove the work from home activity is the one that suffers. Therefore, work from home sounds like a great plan and it is. It is if you can bear the burden.

Fortunately in this day and age we have the Internet. The Internet, in many cases, flattens the curve. It allows the home worker to automate almost all of the tasks. A lot of the tasks can be outsourced. This is a giant relief pill.

The Qualifying End of Story

The successful work from home candidate has thought about and constructed a plan that formats itself to their life. Moreover, it is no different than budgeting one’s paycheck. So you can run off helter skelter and accomplish virtually nothing. Or you can plan and prepare and make your work from home wishes come true.

It would seem prudence dictates your first thought of working from home should have a basis in your personality. Are you suited to put your idea, dream into motion? If so, how will you do it? Where will you start? Can you see the finish line?

The qualifying end of the story is you prepared to encounter the bumps and bruises that are certainly ahead. And they certainly are waiting for you. No, you don’t know what they are. Above all you simply know they will be there and you know how to zig or zag.



Senior Outreach Ministries achieves it’s objectives with the capital we’ve either earned or received from donors. The Proud 2 B A Senior Ribbon for example. Donate $5, get a ribbon and help us help a hungry Senior Citizen in need. All proceeds remain in the Ministries to be used per our mission statement. We are a volunteer church. No one receives a salary or wage. Please help us help less fortunate hungry Seniors. We never have and never will ask the government for grants, funds or hand outs. Thank You in advance.

**DISCLAIMER**

Senior Outreach Ministries makes no warranty, representation, or guarantee regarding the information contained herein or the suitability of any products and/or services for any particular purpose. Any performance specifications are believed to be reliable but are not verified. Buyer must conduct and complete all performance and other testing of the products and/or services, alone and together with, or installed in, any end-products and/or services. Buyer shall not rely on any data and performance specifications or parameters provided by Senior Outreach Ministries. It is the Buyer’s responsibility to independently determine suitability of any products and/or services and to test and verify the same. Senior Outreach Ministries does not assume any liability whatsoever arising out of the application or use of any product or service. And in the name of full disclosure one should assume any ad they click on or purchase they make will provide us with a small fee. This is not added to the purchase price of any item or service you purchase. It is however one of the ways we fund the help we provide to seniors and their caregivers. Any recipients of our help as well as our staff thank you and appreciate you greatly.

703 Retirement Plan

703 Retirement Plan

You may have received emails or seen ads talking about the 703 retirement plan. If you are like me, when you saw that weird looking retirement plan you wondered what the heck is it all about.

703 Retirement Plan, Saving for Retirement, Retirement Topics

As it turns out the author of the email or ad is using a clever twist of words to entice you to subscribe to a particular email newsletter. They can’t just say, hey, subscribe to my newsletter for $XXX a year because nobody would sign up. So, they use a bit of intrigue/curiosity.

The 703 plan is what the real investment world calls a Dividend Re-Investment Plan or DRIP. It has several moving parts.

The first is you must own a stock that allows you to reinvest the dividend into buying more shares instead of taking the dividend in cash. For example fictitious company JXN allows you to DRIP.

They pay a quarterly dividend of $1 per share. And you own 200 shares. Rather than taking the $200 in cash you use those dollars to buy more shares of JXN. As you might guess more shares means you have increased your holding. Plus your dividend will be larger next quarter because you have more shares.

And now for the second moving part. Most brokerage companies charge a fee to reinvest your dividend. Oops, you’ve just decreased the number of shares your $200 will buy. No worries. The 703 plan shows you how to bypass your broker and save the fee and/or commission charge.

Semi-Related Investment Info

All you have to do is subscribe to the newsletter being offered and you’ll learn the secret bypass method. Well, I say, simply click on this link or the title and download the information without subscribing to anything. I titled it, “The D.R.I.P.”.

And to bolster your investment library click this link, or the title, to get a second primer, “And Capital Appreciation Too”. Both are 100% free!

You are welcome to subscribe to our newsletter by >>CLICKING HERE<< but you don’t have to. Simply click the links in the above paragraphs and you’ll get the reports. It’s that easy. We think you should put that information to use whether you’re a member we email our newsletter twice a month or not.



Senior Outreach Ministries achieves it’s objectives with the capital we’ve either earned or received from donors. The Proud 2 B A Senior Ribbon for example. Donate $5, get a ribbon and help us help a hungry Senior Citizen in need. All proceeds remain in the Ministries to be used per our mission statement. We are a volunteer church. No one receives a salary or wage. Please help us help less fortunate hungry Seniors. We never have and never will ask the government for grants, funds or hand outs. Thank You in advance.