May be you have noticed that in my articles and blogs i keep stressing the importance of investing for retirement - there's a good reason for it.

When people are young, enthusiastic about the future and still holding lofty dreams of 1001 great things they will achieve in life, retirement life rarely crosses their mind.

Young people are not willing to think much about life beyond 70. They think it's too far and it represents the opposite of what they wish to remain - young, good-looking, energetic and healthy. However, science has ganged up to make sure that we will live at least 20 years after 70.

So a time will come, whether you like it or not, when you will be called senior citizens, when wrinkles will shrivel away your youthful beauty, when a walker will be your closest companion and when trips to the pharmacy will be as regular as the trips you took to the dance-halls.

This time is called RETIREMENT. Employers will not be eager to give you a job. If your main source of income was a salary, it will be cut-off. Even your health may not allow you to work as much as you would wish. Many companies do not have pension plans that you can count on. The Social Security Administration in the US is warning that it will be broke very soon. So where will you get money to enjoy your retirement days.

In most instances, if you are hard on cash, you can walk into a bank and get yourself a loan. However, no bank will be willing to lend you money to retire on. You may scrounge some petty cash from family and friends but that will not ensure your comfort - it will erode any dignity you had left and people will desert you. You will end up lonely, broke and miserable.

Today you have a good chance to avoid that grim picture. Just remind yourself that a time will come when you won't be able to borrow and earn as much as you wish. So you must do something about it now.

My 2 suggestions are;

One - Start investing in an Individual Retirement Account without delay.

Two - Start a business. A good business requires minimal supervision by the owner.

Both, investment and profitable business, will make you money during retirement and even beyond.

I wish you an enjoyable retirement. A time to see the world. relax and enjoy the fruits of your working life. Please remember to let the young people know how you got there!