Reinspirement Replaces Retirement

I saw a bumper sticker recently that said, RETIRE: I was tired yesterday and Im tired again today. That was the most literal definition I had ever seen! It struck me as profoundly interesting. Perhaps retirement itself, or the act of being tired, (following this definition), has reached the end of its useful life.

Retirement has been thought of in ways like cheese at the end of the tunnel. Most Americans will work through the prime of their lives with one eye looking forward to that magical moment when they can leave it all behind to golf, fish and garden. Even though they might suffer through jobs they hate, hours away from their families, shouldering stress of professional responsibilities they dont personally care about, they persevere in hopes of retirement.

The belief is that earnings will cease at some point and a lifestyle recipe made of Social Security, company pensions and personal savings will kick-in to pick up the slack.

The only problem is, this nifty formula is coming apart before our very eyes.

Social Security checks are typically too small for anyone to depend on exclusively. Whereas 40% of companies offered pension plans to their employees in 1980, now only 21% do. According to the Department of Commerce in October 2005, the overall personal saving rate (not including pre-tax saving instruments such as a 401k) was charted as 0.07%. Oops!

Even so, most of us will continue to hold fast to the very same earning model that grows suspect with each passing day for its ability to insure later-years security. With fingers crossed, we hope not to lose our job to outsourcing or downsizing and that our company will make good on our pension plan for our golden years. What other option is there?

Not to mention, the idea of saving more is a complete joke for most people. Given increasing regular credit use simply to make ends meet and the exponential rise in the cost of living for basics like health insurance, transportation, energy, food and housing costs, individuals and families are getting squeezed: On one side, keeping up with interest-bearing credit card and loan payments and on the other, skyrocketing cost of living expenses. What middle-class family can save more in this economic climate?

The good news is that retirements much needed transformation, Reinspirement, is on the horizon. REINSPIRE: I was inspired yesterday and I am inspired again today!

This new model is not just for ones later years: It begins the moment you choose it. Though still under construction as a fully fleshed-out concept, one thing is certain: Passive earnings, whether from pensions, savings, Social Security, stocks and bonds or some combination thereof, are not to be exclusively depended on but thought of as one component only of a later-years plan. Purely passive income (retirement) has become a habitual way of thinking about our later years. But as everything in life changes, so must our thinking and actions on this subject. Some level of active cash-flow engagement (reinspirement) will likely be called for in order to successfully maintain long-term financial equilibrium. Time to get reinspired!

Susan Boskey is author of the book, The Quality Life Plan: 7 Steps to Uncommon Financial Security available at http://www.TheQualityLifePlan.com or http://www.AlternativeFinancialNow.com where you can also sign up for the free e-course to learn more. Her book presents a unique personal finance formula to help everyday people create and sustain a debt-free lifestyle.

Retirement Planning
Once a person reaches a certain age or acquires a certain amount of work experience, he becomes eligible for retirement. Ever...

Individual Retirement Account Services
Retirement is a stage in life that one should be ready for. Those who want to live comfortably through the later stage of the...

The Best Time to Plan for your Retirement
If you are not working to be a millionaire, you should at least work to have a comfortable retirement years. With the advance...

Early Retirement Planning Consultant - How To Best Utilize These Services
So you want an early retirement planning consultant to help you achieve your retirement goals? Before you start utilizing one...

Retirement Planning Services
Financial services companies usually offer retirement planning services. More often than not, they charge fees for this purpo...

Have You Thought Of Your Retirement?
Everyone in the world hates to work when they retire. They would rather have a comfortable retirement years. Having a dream h...

Early Retirement Planning
Are you already on your 30s? Have you ever thought about early retirement planning? Well, many people find early retirement ...

Retirement Financial Planning
Planning is the specific process of setting goals and developing ways to reach them. The success or failure of an individual ...

Retirement Jobs
Money is a very important factor when preparing for retirement. Many of todays retirees go back to work because they are eith...

After Fifty Everyone Should Be Planning A Budget For Retirement
It is not a subject that most people want to broach, but when we get older and that means substantially older, we should all ...

Planning For Your Retirement
Are you ready for retirement? For most hard working individuals, retirement doesnt seem like it is close enough. But, for t...

Five Keys to Consider Before Accepting an Early Retirement Package
Every year there are millions of people who accept an early retirement package. This is something they choose due to health, ...

Creative Early Retirement Planning On A Budget
Everyone dreams of retiring early enough to enjoy the good life while your health is still sufficient enough to do most anyth...

Exciting New Adventures Ahead With Retirement Account
We all love to go on vacations and we work hard for them. We usually plan months or even a year or so in advance for that spe...

Retirement Speech - Making A Retirement Speech That Gains Respect
One of the most wonderful days of your life is upon you. It is finally time to retire. You have so much to say, so many peo...

Saving for Retirement
During our working lives, many people fail to realize the importance of saving for retirement. In order to live the lifestyle...

Early Retirement The Dream of the Working Classes
Everyone dreams of early retirement. The idea of no longer having to work at an early age is very attractive to some people ...

Retirement Calculator
I am now as free as the breeze with roughly the same income -- Gene PerretRetirement PlanningFor almost two-third of yo...

The Golden Years: Planning for Retirement
It is easy for an adult to ask a child what they want to do when they grow up. There are limitless possibilities available to...

What is Your Definition of Retirement?
Many people are choosing early retirement as a career choice, yet since they are so young they still want to do something els...