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Is your retirement safe?

CNN reported that a new home based business is started in the United States every 11 seconds. The bome based business and especially Network marketing or Multi-Level Marketing is growing fast as it brings a lot of answers to people who want to become financially independant and want to start it part time while working to replace the income of a day job.

Given the current economy, a lot of people are looking for new way to keep their life going and hope to “survive”. Let me share below an article about a study by the Employee Benefit Research Institute:

In its annual Retirement Confidence Survey, the group reports that while most workers expect to live long and comfortably after they retire, far fewer have taken the steps necessary to do so.

Of the 1,252 workers surveyed nationwide, roughly 6 in 10 say that they expect their living standards after they retire to be the same or better than in their working years, but nearly the same number admit they hadn’t mapped out how much savings they’ll need to do so.

More than half of the respondents say they have saved less than $25,000.00 for retirement, while just 23 percent have saved more than $100,000.00. Still, about two-thirds say they are confident they will have enough to retire comfortably.

Researchers say the inflated hopes are based on outmoded expectations for employee retirement packages, which are quickly becoming a thing of the past.

Who haven’t seen their 401(k) vanish in the past year? Who isn’t worried about their future? I know I am. But I am taking the steps to solve the problem. Are YOU?

Watch this touching video (wait after the quick ad) and think about how many people you know are in this situation. Then think about yourself. Can this happen to you?

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