Reinspiration replaces retirement – 2009

“Age means nothing to me. I can’t grow old; I work. I was old when I was twenty-one, and I didn’t 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 in their golden years have just had about 50% of their retirement portfolios wiped out. Hard-earned money invested in 401(k), IRA accounts, stocks and bonds or market funds with the advice of a trusted advisor – virtually gone overnight! Not only were huge sums wiped out, but now recession-hit companies have frozen access to employee 401(k) accounts! Who knew? (401(k) Hit Withdrawal Freeze – Wall Street Journal May 5, 2009)
 
If that wasn’t bad enough, those who depend on Social Security benefits to make ends meet just got some bad news. For the first time in 30 years, they will not receive a COLA (cost of living adjustment) 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 going forward. (Social Security benefits not expected to grow in ’10 New York Times, May 2, 2009)
 
Well, so much to think that it was your money first! Reality paints us a completely different picture.
 
Most Americans have worked their way into the prime of life, with one eye on that magical moment when they can leave everything behind to play golf, fish, garden, and spend time with their grandchildren. While many suffered from jobs they hated, spending hours away from their families, stressing over professional responsibilities that didn’t really matter to them, retirement was the stepping stone to crossing the finish line.
 
Unfortunately, that carrot is hard to come by these days, as retirement as a social concept is on the wane. The writing has been on the wall since the 1990s, when pension plans were shut down or went bankrupt and jobs were sent to other countries. The 2008-09 recession changed the retirement scenario from bad to worse. Even so, most Americans prefer to keep their fingers crossed in hopes that they might be the ones to make it through the retirement window before it closes forever. Lest we forget, the employer of last resort, the federal government, continues to dangle the carrot of a healthy pension.
 
The good news is that an alternative already exists. Retired 21st Century Extreme Makeup – REINSPIREMENT. The 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. Similar to the common wisdom that tells us to start saving for retirement when we’re young, rebirth offers a similar lifelong journey.
 
Accessing a comfortable independent life in the years to come requires a willingness to rethink the way we think about money and plan for the future. Reinspiration claims that you (with the help of friends, colleagues and professionals) can design and implement a work path to meet current and future needs, starting simply with 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 reproduction is learning how to use your solid assets (not fancy numbers on your statement) to work for you in the future. Each person’s unique talents, interests, assets, and skills offer the key to unlocking and unfolding an individual’s strategy for revival.
 
Committing to re-inspiring means you’ll forge a path beyond society’s current expectations of when to hang up the saddle; that is, when private money stops flowing into your life. If you accept this mission, you will set an example to become a critically needed role model for future generations. Given the central banking system, 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.

Leave a Reply

%d bloggers like this: