by Donald Whelpley@ 2022 All rights reserved. Supplemental Reading Years of reading articles on retirement plus eight years of looking through the government’s Social Security website…and just this month I found something SPECIAL that everyone should know. It has to do with continuing to work WHEN you apply for Social Security benefits. APPLYING AT 62. …
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A Layman’s Look from Don: Streams of Retirement Income, Pt. 8
by Donald Whelpley@ 2022 All rights reserved. PART 8 – Final A WARNING ABOUT THEFT…AS A RETIREE YOU BECOME A RICH TARGET FOR THIEVES. Tell nothing to telemarketers, not even your name. By federal LAW, every telemarketer is required to tell you the business or charity they represent BEFORE they ask you any question (that includes asking …
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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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GUEST POST from Don: Credit Card Debt (+ Notice)
WARNING: REDUCE CREDIT CARD DEBT IMMEDIATELY When interest rates are rising Credit Card Debt is more dangerous than you ever imagined. It is an incredibly unfair type of debt. Experts suggest that a large number of people will go bankrupt due to credit card debt in the next year. Debt.org says, “…60% of the people who file for …
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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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