MY RETIREMENT PLAN A quote from a retirement money expert: “”We’ve learned that people make many mistakes, and particularly, sadly, less educated and poorer people tend to make worse mistakes.” I was on a site today that allows comments and I was shocked how many commenters got Social Security facts wrong. Its no wonder, Social Security is a …
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GUEST POST from Don – Can I Retire?
CAN I RETIRE? Retirement requires a bit of math. You’ll need to know your sources of INCOME? Will you have a pension, business income (even sharpening mower blades), and Social Security? The more “sources” of income the better. Are you planning to live off your savings (see if you can delay that)? You can’t retire until you know how much …
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GUEST POST from Don – Pompeii’s Survivors
POMPEII’s SURVIVORS Historians have found hundreds of records which detail those who survived the great disaster. No. None who stayed in Pompeii or nearby towns to experience the destruction in person survived, but some people who trusted their guts when the earthquakes and tremors began did survive. They took horses and carts, money and other valuable items. Or they …
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A Layman’s Look from Don: Streams of Retirement Income, Pt. 7
by Donald Whelpley@ 2022 All rights reserved. PART 7 Streams listed in previous Articles: Social Security (Spouse’s SS) Pensions Traditional Retirement Accounts (IRA, 401k, etc) ROTH IRA Annuity Non-Retirement Accounts Marketable Collections Part-Time Work Rental Properties Reverse Mortgage The next Stream is VERY IMPORTANT, particularly as you are preparing for retirement. The question is: “Where am …
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A Layman’s Look from Don: Streams of Retirement Income, Pt. 6
by Donald Whelpley@ 2022 All rights reserved. PART 6 Streams listed in previous Articles: Social Security (Spouse’s SS) Pensions Traditional Retirement Accounts (IRA, 401k, etc) ROTH IRA Annuity Non-Retirement Accounts Marketable Collections The goal here is not to report EVERY option, but to give you a wide range of options. Also, as you will see, to …
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A Layman’s Look from Don: Streams of Retirement Income, Pt. 5
by Donald Whelpley@ 2022 All rights reserved. PART 5 Streams listed in previous Articles: Social Security (Spouse’s SS) Pensions Traditional Retirement Accounts (IRA, 401k, etc) ROTH IRA These are the legs for the traditional 3-legged stool of retirement planning. They are NOT enough to meet all of your goals of security and inheritance. So, here …
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A Layman’s Look from Don: Streams of Retirement Income, Pt. 4
by Donald Whelpley@ 2022 All rights reserved. [Before going forward, if you know something I do not, please make a comment. It will be better for everyone if the truth is made known. I know that not all rules apply to every state, so make sure you mention your state when commenting.] You have calculated …
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A Layman’s Look from Don: Streams of Retirement Income, Pt. 3
by Donald Whelpley@ 2022 All rights reserved. PART 3 – You have calculated your unique retirement needs.– You have researched your Continuing Retirement Resources and subtracted those from your needs to determine how much you will need to rely on savings. Those are facts. (I like facts). Now we can begin to explore how to use those facts, …
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A Layman’s Look from Don: Streams of Retirement Income, Pt. 2
by Donald Whelpley@ 2022 All rights reserved. RESOURCES So far we explored the process to figure out your retirement NEEDS. Congratulations! You have just completed what many consider the most difficult phase of retirement planning, namely “How much will I need?” Today we will begin looking at how to FUND your needs and some other …
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A Layman’s Look from Don: Streams of Retirement Income
by Donald Whelpley@ 2022 All rights reserved. Disclaimer: I am not a personal finance professional. The following opinions are my own. All info included is based in retiring in USA. I am not deluded into thinking that what I have to say hasn’t been said better SOMEWHERE else. The problem is finding that SOMEWHERE else. …
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