1. Entrepreneurship – Why Consider It – Part 2 Some Financial Realities You Need to Consider… by Dan Grijzenhout - “Dan Grijzenhout” Channel

2. Some USA Retirement Statistics  Average Monthly Retirement Income per Person From all Sources $2,146.00 per Month.  Social Security Maximum per Person After Retirement: $1,294.00 per Month  For Poor Americans, This $1,294.00 Represents About 84% of Their Total Monthly Income After Age 65.  For About 47% of Single Retirees, This Represents Over 90% of Their Total monthly Incomes.  36% of Retirees Have Saved less Than $1,000 for Retirement by Age 65  About 1/3 of all Workers in the USA Have Saved nothing at All for Retirement.  60% of all USA Retirees have Saved Less Than $25,000 for Retirement.  Average Cost for USA Retirees for Healthcare During Their Retirement Years: $220,000  Average Retirement Ages in the USA: In 1991: 57 In 2002: 60 In 2012: 62 Expected Within 5 years: 66 Why? Many People no Longer can Afford to Retire Early.

3. Canadian Retirement Statistics  Average Combined OAS and CPP per Person per Year $11,300.00 – That is Less Than $1,000 per Month. (2008)  Today’s OAS Maximum is $6,481.00 Paid per Year. Today’s CPP Maximum is $11,840.00 per Year for a Combined Maximum of $18,321.00 per Year.  The Average Canadian Though, Receives About $15,000.00 per Year Combined (OAS and CPP).  OAS in Canada Now Starts at Age 67 Instead of 65 (If You Were Born in 1958 or Later.  In 2009, the Low End Canadian Retired Couple Needed About $39,400.00 to Live on Whereas the Average Canadian Retired Couple Needed about $54,100 to Live Comfortably. These Numbers Assume the Retirees Own Houses and That They are Fully Paid Off!  Middle Class Singles Need About $28,000 Plus a Paid Off House to Live.  Low End Couples, It is Estimated, Need to Generate or Have About $250,000 to be Able to Retire at 65.  High Middle Class Retirees Need About $750,000.  Singles Need Between $325,000 and $675,000.

4. Retire at 65? ** David Aston, CFA, CMA, MA, is a retirement expert at MoneySense magazine

5. A Few Thought-Provoking Realities… Planning on working during retirement is no retirement plan. Realities for retirees:  23% of retirees say employers not interested in hiring them;  38% of retirees have health issues that prevent them from working;  12% of retirees can’t work because they are taking care of another family member or spouse;  Over 30% of retiree health costs are not publically funded;  Inflation eats into retirement funds – at just 3% per year inflation, $50,000 saved is only worth $23,882 in 25 years.  Bank of Montreal Recent Survey: 59% of Retiree Respondents Say They Need to Work in Retirement to Supplement Their Income

6. Some Questions to Ponder…  Have You Put Away Any Funds For Retirement Yet? Is It Enough?  Will Your Present Job Ensure You a Comfortable Retirement?  Is Your Job Secure Till Retirement and Do You Want to Stay In It?  Do You Believe It Wise To Just Trust The Government To Take Care of Your Financial Needs Upon Retirement?  Do You Believe That You Have to do Something in Addition to Your Job or Instead of Your Job in Order to be Safe Financially When You Retire? If Any of the Above Questions Concern You, Then: Subscribe on the Link to Start Getting Our Future Videos We Just May Be Able to Help…