The Top 5 Retirement Plans – Starting From Zero

NOW Is The Time To Start!

If you are reading this post, then it is highly likely that you are looking for ways to supplement your retirement earnings which at the moment are probably falling short of what you had hoped. It could well be that you have already retired, or, like myself, you are planning for the future and are keen to know what the top 5 retirement plans are so you can catch up or even retire a lot earlier than is the norm.

retirement plans

It is estimated by Investopedia that in the US, Baby Boomers (those born between 1946 and 1964) are retiring at the rate of 10,000 per day. That’s a pretty substantial figure, all things considered.

It is estimated that globally, 73 MILLION people are heading feverishly to the retirement gate and that many of these impending retirees are ill-prepared for their retirement. This is another startling figure and one that would encourage anyone that has not stared to make any preparation for their future a jolt to change their current direction – NOW!

It’s never too late to start, so don’t be beaten down by all those naysayers who might tell you that it is not possible to do anything about your future. The truth is that your future is in your hands! Starting now, even if you are starting with pretty much nothing, change IS possible. Let me show you how.

5 An Inheritance

Number 5 on the list is an inheritance. You don’t really have to plan for an inheritance, it’s kind of something you will either get or you won’t. Some people have an inheritance land in their lap from a distant relative that they might never have met. That really is something. However, for others, it can be a crucial lifeline; especially if you have done little to no preparation of you own retirement. Obviously, an inheritance is not ideal because it naturally comes after losing someone close to you which you would never choose. So there are many considerations for this plan but if it works in your favour, it can certainly take away some of the stress that you might be under just thinking about the future.

Obviously the size of the inheritance is also going to make a difference. It might tide you over for a few weeks or it could be a complete game changer for the rest of your life.

financial gain through inheritance

A small inheritance would be about $100,000. US or less. This is based on the cost of living in the US. You could take this small sum and move to a country such as the Philippines where your $100,000 or less could spread out for a longer period because of a lower cost of living.

If you choose to stay in the US, your retirement income will last you just over a year in Hawaii, 2 years in Washington or 2 and a half years in Mississippi. This is a decision that you will have to make. Your money can be stretched or cut depending on where you choose to settle or where you are already settled.

On the plus side, a sum of over $500,000 US could be considered a relatively large inheritance and could quite possibly afford you a pretty decent retirement should you manage it well and control your spending appropriately.

Bear in mind that no-one really knows how much longer they are going to live past retirement. Take a close look. What do your genes say? Long, happy life? If they do, relying on an inheritance – whatever the amount – might not be your best bet.

4. Annuities

An annuity is an insurance product. ‘Insurance’ implies the reduction of risk. Therefore, in the case of retirement, it is used to reduce the risk of having no retirement money should you live a lot longer than you thought you would. This alone makes it a good retirement plan.

Remember we discussed inheritance? If you believe that there is the possibility that you could live for a long period past your retirement, then it would be a wise idea to invest some of that inheritance money (or any savings for that matter) into an annuity.

investing in annuities

Like most things in life, there are no guarantees with an annuity.

There are many different types of annuities. They could be variable or fixed. Deferred or immediate. Depending on how long you invest in an annuity, the law of compound interest could work in your favour and provide you with good windfalls.

Recent times haven’t afforded us the sharp rise in interest earnings of the years gone by. Financial markets have crashed around the globe and recessions becoming the norm. The current pandemic has only added fuel to these fires.

You would also have to take into account the tax that is payable with annuities. You definitely don’t want to save in an annuity fund and at then discover that a large portion of what you were expecting to receive will be lost in taxes.

3 The Rule of 72

This is compound interest at its best! Understanding this very simple formula and allowing it to work for you can be a real blessing in your retirement planning. Simply put, the Rule of 72 is a quick way to estimate how long it would take for your money to double, given the compounded annual rate of interest that you receive.

Obviously, the main issue here is that you would need to have money to begin with! Failing that, you would have to be able to start saving regularly from your current earnings.

time is money

Time IS Money.

The quote: “Time is Money.” applies here. In essence, the more time you have; the larger your retirement fund will be. This is because, with the application of compound interest, your money will double more frequently.

For example:

If you are receiving 3% interest per annum on an investment of $10,000.00. To know how much time will pass before your money doubles, divide 72 by 3. The answer is 24.  So, every 24 years your investment will double. You can change the value of time or interest and determine how much of either one you will require to double your money.

Let’s think back to inheritance again… If you are able to collect your inheritance before you retire and have the opportunity to invest it with a few years to spare, then the Rule of 72 might just work really well for you.

2. Invest In Real Estate

It is important to be realistic and you should be aware that none of the retirement plans set out here will guarantee you 100 percent success for a luxurious retirement. The same can be said for real estate. However, it is also important to understand that if you have the appetite for risk and investment and are willing to put in the effort then real estate can most definitely provide you with more than comfortable standard of living when you retire.

Another great benefit to investing in real estate is that you are effectively creating financial security for future generations of your family or chosen heirs through your astute planning and investment.

invest in real estate



However, if it is your intention to use real estate as your retirement plan, you really do need to be savy, plan carefully and know exactly what you are doing. There are so many options in real estate that you need to know your stuff.

Would you want to flip property? Or would you prefer to choose immediate income-earning residential or commercial properties that offer enough return to pay for itself AND allow for additional investments?

A key factor to take into account if you are planning on investing in real estate is location. To be more specific, it is actually the number one factor that you have to take into account when investing in real estate. What could the 2nd and 3rd most important elements to investing in real estate be, you ask? Well, you got it in one! Location! It’s a bit of a cliche, but, LOCATION, LOCATION, LOCATION!!! That innate skill to successfully predict which locations will become popular in the future or remain in high demand is most definitely a property investment skill that could be described as an art.

#1 Passive Income – Earn While You Sleep

passive income-earn while you sleep

Build for your retirement while you sleep.

So, that’s it in a nutshell. These are four fantastic retirement plans. That brings us to the number one spot! Get rid of all those outdated ideas where people have told you that you should have invested in retirement plans years ago and that you will be in trouble in years to come. You shouldn’t have to and don’t need to worry about what your future will look like. If you are sitting with no capital whatsoever, there is no need to panic as hard work, grit and determination are all you really need.

There is no need to stress about your situation as you can quite literally start the to earn the income that will fund your retirement TODAY. You can start from and with absolutely nothing, as long as you are willing to put in the hard graft then you can fund the lifestyle that you desire. When I say you can start from nothing, I mean that you can start today, for FREE. No credit card required. No money invested. The most exciting part of this opportunity is that once you have put in the initial groundwork you will earn income passively – while sleeping, playing, relaxing, enjoying life. What more could you ask for?

Taking advantage of this opportunity means that you will be able to build and grow your own business over time on your own terms. You can decide the hours to invest and the Wealthy Affiliate platform will provide everything else that you will ever need to start, build and grow a secure retirement income.

Welcome to Wealthy Affiliate!

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It’s insane to process the fact that there are over 4 BILLION people who have access to the internet, and Wealthy Affiliate is offering you a training opportunity which will allow you to create your own business and access all of these potential customers. The internet is the only place where an opportunity like this exists. Founded in 2005, Wealthy Affiliate is THE #1 leader in the world of Affiliate Marketing. Everything is ready and waiting for you to access on one platform –

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In the current climate, many things are out of our control. This year has been particularly challenging. Inflation and volatile economies are becoming something that we just have to deal with. However, you can control what your future looks like and you need to take control and steer things in the right direction. In doing this, you will ensure that you are doing your best to insure yourself against the ravages of retirement funding and ensuring that your income continues to flow and increase steadily over time.

You can join Wealthy Affiliate (WA) with no prior experience, let me reiterate that, you can join knowing absolutely nothing about affiliate marketing or how to monetise a website. I can guarantee that if you are willing to put in the hard work then within the first month it is more than possible to have your first website up and running with quality content which will be driving visitors to you site a leading to sales which will grow and grow into a sustainable, profitable and successful business if you follow the training within the Wealthy Affiliate Platform. You also have the possibility of ranking within the WA platform (the Top 200) as you create content daily to build you digital business, drive traffic to you blogs and earn a healthy income.

Today I manage 2 profitable websites and am enjoying building and growing my online businesses. This could be you!

There really is no better way to invest in and secure your future than creating and growing your own online business and becoming a full-time, professional Affiliate Marketer. No other retirement plan will afford you the opportunities and lifestyle that an Affiliate Marketing business will.

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Please feel free to leave any comments below. I would great to hear about your future plans and hopefully this post has given you some inspiration.


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