i have worked for over 33 years.i have no savings. i have 2 sons in university that iam paying fees. The last one has 3 more years to finish.I have adegree in estate managemaent and a professional diploma too
2006-06-06 08:44:11 · 7 answers · asked by senior 1 in Business & Finance ➔ Personal Finance
I live Massachusetts where some financial services are offering something called a Personal Pension. You might want to call a bank around you and see if they offer it and form more information. If you like you can email me a yamsleepy@yahoo.com and I would email you the basics if you are interested.
2006-06-06 08:49:36 · answer #1 · answered by Yondie 3 · 0⤊ 0⤋
It is never too late to start a home based business that will supplement your income until retirement. I am in one that specializes in the health of baby-boomers. Needless to say, it is a huge market that still has many years to go! Therefore, by the time you retire, you will have built an incredible income! I have no formal training, I rely on the people who are helping me and together we are building a very lucrative income.
Something to consider!
2006-06-06 09:47:43 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Is your house paid off? If so you could possibly sell it and make a down payment into a multi-unit appartment where you live in one unit and your tenants pay your housing and your living expenses. You could live on social security. Theres no rule that says you can't work during retirement!
2006-06-06 08:52:20 · answer #3 · answered by igotalife2000 2 · 0⤊ 0⤋
Win the lotto if you have no retirement plan by now. It ain't easy our here in the retirement community when your regular income suddenly is reversed.
2006-06-06 08:49:55 · answer #4 · answered by buffoon 4 · 0⤊ 0⤋
Look into a reverse mortgage, assuming you own a house. Otherwise send your kids a bill.
2006-06-06 09:43:56 · answer #5 · answered by cyclist 3 · 0⤊ 0⤋
Finished Thinking!!!
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2006-06-06 11:01:37 · answer #6 · answered by edwardfastcutter 2 · 0⤊ 0⤋
put your trust in God and invest in His kingdom. yOU WILL SEE A CHANGE. I WAS IN 401K AND ACCORDING TO THE BIBLE ALL OF OUR BENEFITS IS IN IT. SO I GOT OUT OF THE 401K PLAN AND BEGINNING TO INVEST IN GOD KINGDOM. ALSO PAY YOUR TITHES AND OFFERING AND WATCH GOD MOVE IN YOUR LIFE. A BLIND LADY BEGIN TO PAY HER TITHES AND SHE REGAIN HER SIGHT GOD IS GOOD.........CALL THE CHURCH AT MEMPHIS @ 901-345-6789
2006-06-06 08:58:54 · answer #7 · answered by nipadams1 1 · 0⤊ 0⤋