PRETIREMENT Stage A – The 7 years before actually laying down the shovel and sleeping in.*Study everything you can find. Make sure your investments are balanced. Make sure your types of accounts are balanced. Double check your future needs and wants. Stay married or get married (it can be a financial boost). Consider MOVING to another state… (FL, MS, PA, …
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GUEST POST from Don – States & Medicaid Rules
STATES AND MEDICAID RULES In a previous article (https://chia.owly.net/35121-2/) we discussed the negative issues with Traditional IRAs (401k, Keogh, SIMPLE, etc). Now we talk about some potential positives (depending on the state in which you live). Retirement is a literal minefield of negative financial possibilities. Getting old is not for the faint of heart. My wife is not strong …
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GUEST POST from Don: People Want Solved
POLITICS and what People Want Solved Once again, election season is upon us and “the sky is falling!.” Whether Democrat, Independent, Republican (or none of the above) there are things we all want. Once again, the things which WE want have been pushed to the background. Candidates want us to get hyped up about single issues (like abortion, …
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GUEST POST from Don: The I.R.A. Problem(s)
THE I.R.A. PROBLEM(S) I don’t know everything that I should … which causes me to suspect there are others who also don’t know. I could be wrong. But I can’t imagine how, then, it hurts to remind them. Here goes… An IRA, Keogh, 401k, or SIMPLE (or other similar) retirement plan is a very good idea which can turn …
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GUEST POST from Don – Floating
FLOATING thru RETIREMENT May 9, 2024 article by Lorie Konish was at CNBC and had some interesting facts. She reported, for example that …4% of retirees say they are “living the nightmare financially.”15% say they are “struggling.”and another 34% are “not great, but not bad.” To summarize, 43% of retirees are under water, treading water, or …
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GUEST POST from Don: How To Retire On Less
HOW TO RETIRE ON LESS Someone you know may be wanting to retire, but can’t. As youngsters they were never told that if they invested $10,000 in a fund that matched the S&P 500 when they turned 21, and never put in another dime, they would have a fund with more than $600,000 by the time they …
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A Layman’s Look from Don: Streams of Retirement Income, Supplemental Reading
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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