Internet Marketing and Your Old Age


Everybody wants to learn how to make money on the Internet. What about saving money for retirement and your future? If you don't do it, who will? Alan Greenspan, Chairman of the Federal Reserve Bank, recently confronted the U.S. Congress about the cost of future retirement benefits.

You may recall the 1999 Tom Hanks film, "The Green Mile". This film adaptation of Stephen King's novel provides just a couple of comparisons to current economics and Alan Greenspan. Greenspan's comments before Congress sometimes equal the length of "The Green Mile" (3 hours), but his testimony won't evoke tears unless you're a baby boomer, soon to be a Social Security beneficiary.

In "The Green Mile", Hanks plays a prison guard charged with the care of death row inmates. He treats each "death row" convict with care and Southern civility. In order to avoid stretching parallels to the movie, I will observe only that Mr. Greenspan, born in New York City (March 6, 1926; send him a card) is civil when Congressional Committees question his opinions.

"The Green Mile" ends at the hot seat for convicts. Alan Greenspan's February 25, 2004 testimony leads to an economic, political, and social hot seat: Social Security benefits. I suggest you read the full text of his testimony found at: http://www.federalreserve.gov/boarddocs/testimony/2004/20040225/

Now to "The Green Span" hot seat comments about Social Security:

  • We sing Happy 62nd Birthday to the first baby boomers in 2008

  • 50% of them may retire at age 62

  • Everyone's gong to live longer

  • Social Security costs will escalate

  • Funds to pay may not meet the demand

What does this mean to you? Well, it's motivation to make that site sell while saving toward retirement. Further, every site generating cash flow, may do so for years and years, if managed wisely. This means qualifying for retirement does not force you to retire. Cash flows can continue for your life time.

However, saving for retirement still makes sense. It saves you taxes now and later. Furthermore, an aging population living longer means Social Security benefits may be reduced when you become eligible. So, start saving now by starting any one of the following methods.

  • Individual Retirement Account: You may contribute up to $3,000 in 2004, $4,000 in 2005-2007, and $5,000 in 2008 and beyond. When you reach age 50, "catch-up" provisions allow you to contribute an additional $500 in 2004-2005 and $1000 in 2006 and beyond. This means your IRA contribution in 2006 may be up to $6,000.

  • If your Internet web site incorporated, you may have an employer sponsored plan. The Savings Incentive Match Plan for Employees (SIMPLE plan) "SIMPLE plan contribution for 2004 amounts to $9,000. This increases incrementally to an "adjusted" $10,000 in 2006.

  • A SAR/SEP and 401(k) let you contribute up to $13,000 for 2004 (the maximum in 2006 is up to $15,000) Employer sponsored plans also allow "catch up" provisions for workers over age 50. For example, an employee over age 50 may contribute a "catch up" contribution of $3,000 for 2004 (the maximum "catch up" contribution is $5,000 in 2006).

IRA accounts and employer accounts may be opened at banks and brokerage firms. Check with your tax adviser and financial consultant first.

Social Security provides for basic needs during retirement. Make sure your resources permit the lifestyle you want by saving for your retirement now.

About The Author

Ray Randall is a registered investment advisor with Ethos Advisory Services, Essex, Massachusetts http://www.ethosadvisory.com. He writes a weekly newsletter for Ethos Advisory Services, and is the webmaster for Echievements . You may write to him or call (877-895-3756).

rayrandall@ethosadvisory.com


MORE RESOURCES:

Internet Marketing Tactics For These Tough Times (From Google and Me!)
Promotion World (press release), CA - 14 hours ago
by Titus Hoskins As we enter into what many enlightened souls are calling the most dire economic times since the Great Depression, online marketers need all ...


Affordable Internet Marketing and Web Design Company Proves a ...
PR-USA.net (press release), Bulgaria - 5 hours ago
Blue Cow Online (www.bluecowonline.com) noticed there was a need for affordable internet marketing and web design that companies of all sizes could benefit ...


Earthtimes (press release)

Affordable SEO Marketing Services
PowerHomeBiz.com (press release) - 13 hours ago
Our Internet Marketing specialist are not only thorough in field of search engine optimization and website marketing, but also they are talented enough ...
NY SEO Firm Ranks High With NY Businesses WebWire (press release)
Cybertegic's Search Engine Optimization Services Puts ... PR Web (press release)
Search Engine Optimization Inc. Announces New Addition to Senior ... MSNBC
4Hoteliers - dBusinessNews Cleveland (press release)
all 43 news articles


Anger Management Guru Offers Free Internet Marketing to Providers
PR-USA.net (press release), Bulgaria - 6 hours ago
2009 is predicted to be an awesome year for trained anger management providers nationwide. To assist all providers in marketing their practices, ...


A-1 Internet Design -Keeping Pace with the Global Internet marketing
PR-CANADA.net (press release), Montenegro - 16 hours ago
Their web programming services are wide ranging; A-1 Internet Design professional expertise also extends to providing Internet marketing and search engine ...


Marketing Tips for Certified Anger Management Providers
PR-Inside.com (Pressemitteilung), Austria - Jan 7, 2009
2009-01-07 21:28:57 - In order to maximize the Internet marketing strategies of all Certified Anderson & Anderson Anger Management Providers in the US,an ...


EEG research 'could aid internet marketing'
Digital Response Media, UK - Jan 8, 2009
Paul Blunden, chief executive of brand consultancy Foviance, said that EEG could help businesses to measure "the emotional reaction" of consumers when ...


Hotelier’s 2009 Top Ten Internet Marketing Resolutions By Max ...
Hospitality Net - Jan 5, 2009
By Max Starkov & Jason Price Here at HeBS we firmly believe that a comprehensive, ROI-centric Internet marketing strategy is the hotelier's perfect ...


Internet Marketing News

Internet Marketing Tips and Predictions for 2009
Promotion World (press release), CA - Jan 6, 2009
We will get through this year and here are some of my thoughts and predictions on what you can expect in 2009 as it relates to your Internet marketing ...
Vancouver Internet Marketing Company Adds Social Media Marketing ... 1888 Press Release (press release)
Search Engine Optimization -- A Must During a Recession PR Web (press release)
Google Search Engine, Subject of Search Growth Studies WebSite Host Directory (press release)
all 39 news articles


Mixer alert! Learn about Internet marketing
The Desert Sun, CA - Jan 6, 2009
An Internet marketing expert is scheduled to speak at this month's Women Leaders Forum of the Coachella Valley Desert Women Entrepreneurs Mixer. ...

Internet-Marketing - Google News

home | site map
© myfinancialsolutiononline.com 2007