No Savings Retirement At 60 – Reducing Costs/Financial Planning Report Released

The company’s newly released report reveals 70% of Americans are facing retirement with less than $10,000 in the bank. Authors of the report list ways aging individuals can restructure their finances and lifestyle to build up savings and live a comfortable, worry-free life.

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Proper planning is essential to creating retirement security, however, many people put these necessities off in favor of short-term needs without realizing the long-term opportunity cost. According to their recently published report “How to Retire If You Are 60 Years Old and Have No Retirement Savings,” a sound financial plan can correct the situation.

The report begins by recommending a full breakdown of finances to present an accurate assets snapshot. This will help individuals identify savings opportunities, and opportunities to sell unnecessary luxuries such as antiques, cars, camera equipment, power equipment, and recreational equipment.

To create a more sustainable revenue stream, the authors of the Crucial Constructs report recommend looking at ways individuals can put their talents or their property to work. Ideas include renting rooms or basement suites, turning expertise into an online course, or, for those that have an RV, converting their vehicle into a rolling billboard for a local company.

Other cost-cutting tips include becoming a ride-share driver, terminating the landline, elevating the deductible on homeowner’s insurance to reduce premiums, and capitalizing on elderly discount rates whenever possible.

Crucial Constructs is an online business academy and resource that provides the skill sets entrepreneurs and other professionals need to start a business and create the financial structures that enable them to maintain a rewarding personal and professional life.

A spokesperson for the company says, “Our education and training can absolutely help you build a real, honest, ethical business and financial plan so you can have the life and lifestyle you desire. Remember, if you do nothing different today, nothing will change tomorrow.”

With the release of their recent report, “How to Retire If You Are 60 Years Old and Have No Retirement Savings,” the business experts at Crucial Constructs are providing individuals who have worked hard all their lives but were unable to contribute to a retirement savings plan build the financial resources they need for the retirement they want.


Crucial Constructs
Crucial Constructs

16238 Highway 620 N.,
Suite F-104
United States

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.