Is Our Biggest Fear Outliving Our Money?

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*Addressing longevity risks among retirees and self-managed super fund (SMSF) holders who will outlive their retirement savings is one of the biggest challenges facing advisers, one SMSF expert believes.
Australian Superannuation and Compliance founding principal and director, Ravi Subramaniam, said advisers and service providers will need to advise on the long term investment strategies according to the groups’ lifestyle goals. 

Are Boomer Retirees afraid of outliving their money?

Our natural reaction to any fear is to, fight, flee or freeze. taking that there are many of us who don’t talk about money maybe we are afraid and in the freeze or flee situation about our retirement funds. Financial fear often leads to paralysis – where you ignore your money problems and hope they will somehow go away.

There’s one small hiccup with that idea though – The problem will not go away!

I got such a fright when I did an audit of my pension funds that I started to fight back.

“Playing it safe” by trusting others with my financial future was probably the riskiest thing I did. Were you hit in the same way?

I was one of those people who used to dream of getting rich but found in reality I was just hoping not to lose our home. Robert Kiyosaki says that “Without financial education, you’re at the mercy of the market.” So I took his advice and his tuition. Yes, it cost some but I learnt a lot and wish I’d known it all when I was a lot younger with time on my side. However it did lead me along what I call my ‘retirement salvation path.’ Thankfully I now feel empowered like never before and able to make the necessary financial plan to salvage from our wrecked pensions a way forward to ensure we have money for our entire lives no matter how long we live!

If you don’t have a plan to achieve financial security, what’s stopping you? If you’re not sure what to do or how to do it, then get some help, there’s tons around to choose from.

After doing my course with RichDad company I settled on two income avenues working with Pete Carruthers for one and with Flipping 4 Profit for the other. I have been doing both from the comfort of my sofa and you can too.

It’s not too late to get financially educated and bolster ailing retirement funds.
Don’t let fear cost you money!

Go wealthier till the next time
www.flipping2retirement.net
Sources:

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