May
28
Can You Retire Before You Die?
Filed Under Fan Www | Comments Off
Tracey Anne asked:
Most of us are familiar with these statistics…
Out of 100 people who starts working at the age of 25, by the age 65:
* 1% are wealthy * 4% have adequate capital stowed away for retirement * 3% are still working * 63% are dependant on Social Security, friends, relatives or charity. * 29% are dead.
More Statistics on “The GOLDEN Years”
Retirement by the Governments own statistics:
* The average savings of a 50 year old in the U.S. is $2500. * 32 Million Americans are currently threatened with bankruptcy. * More than 1,000,000 [1 Million] filed for bankruptcy in the year 2000.
More Statistics…
Out of every 100 people who reach the retirement age of 65:
* 62 retire with less than $25,000 in assets and depend on Social Security or family for their retirement.
* Another 35 retire with less than $100,000, have some form of pension in addition to Social Security and are just making it in their retirement. If either Social Security or their pension went away they would have a very difficult time surviving.
* 2 of the 3 remaining retirees have an adequate pension or retirement account. They have assets of between $100,000 and $750,000. They do appreciate having the additional money they receive from Social Security, but could survive without it.
* The last of these 100 retirees, is the only one who is financially independent. This retiree has assets approaching or exceeding $1,000,000. They do not need the income from Social Security at all.
Which group above will you be in when it is time for you to retire?
Still More Statistics…
“According to recent Governmental statistics, most people are very concerned about their financial security in retirement. Over 70% believe they won’t have enough money put away for retirement. Of those between the ages of 30 and 54, almost 80% feel this way about their future.
One of the factors is the uncertainty of Social Security. In the mid 1970’s, 2/3 of the people surveyed said they were quite confident Social Security would be there for them when they retired.
In 1980, of those surveyed, 2/3 commented that they were not confident that Social Security would be there to support them in retirement. They felt that if Social Security was still a functioning service, it probably would not be paying an adequate amount to cover a reasonable standard of living.
So if this is the case… why aren’t people socking away hoards of money so they are not part of the statistics? Well, it seems that saving for retirement is a difficult task to master for the average person.
Some have difficulty saving on a systematic basis. With others, it’s often the case of having good intentions but very poor follow-through. Still others, it’s that they make poor selections with the saving and investment vehicles they choose.”
Clearly, the working-class scenario of toiling away building someone else’s empire for forty years, trying to accumulate wealth (money) so one can retire comfortably, is NOT working. Most people would like to retire with dignity. Wouldn’t you?
Have we shown you enough? Well, here’s a few more facts…
“The rising stock market and escalating property values, while adding general prosperity, hide the brutal fact that for many Baby Boomers-who are now turning 50, retirement may not be a pretty picture.
Over the next 20 years, 76 million of us born between 1946 and 1964 will hit 50. For most, that means facing up to the harsh questions of how, or even if, they will be able to afford to retire.
With meaty employment pension plans gone the way of ancient history, and Social Security increasingly becoming an uncertainty, the lifestyle of retirees is no longer leisure, golfing, fishing and travel. In fact, the lifestyle for many retirees may be continued work and “cans of Spam . . . and not Caviar and Travels.”
The latest Census Statistics show that only 1 out of every 10 Americans today, is financially prepared to retire when they reach the age of 65.
What about the Current Economic Situation?
As we know, the economy is teetering on recession, companies continue to lay off in great numbers. And, you may as well kiss true job security good-bye. It doesn’t seem to exist anymore.
And although you may be one of those that make it to retirement and manage to hang on to your job, according to the Bureau of Labor Statistics, at 65 only 5% have enough money to retire on.
And since the standard route of working a traditional job has failed for 95% of all Americans. Shouldn’t you be seriously RE-evaluating the traditional career job employment scenario and if it is going to get you to and take you through retirement financially sound?
Here’s the real kicker… You and most of the people you know are going to work for at least 30 to 40 years …. at jobs you hate… with bosses you hate… with commutes you hate… with hours that you hate. What a life – failing while you are miserable most of the time. Do you want to do this for the next 40 years?
So What Can You Do About It?
Well, one pro-active move you can make is to avoid common and costly retirement planning mistakes that could seriously jeopardize your future and the lifestyle you dream of for your retirement.
Mistake Number 1: Procrastination Mistake Number 2: Not realizing that you’ll need a specific amount of money to sustain you each month when retired. Mistake Number 3: Relying on the belief you’ll be able to draw FULL Social Security benefits. Mistake Number 4: The under-estimation of your medical costs if you are not in good health. Mistake Number 5: Not setting up your long-term-care insurance early. Mistake number 6: Making the assumption that you can retire early. Mistake Number 7: Getting into the false hope that in retirement you will be in retirement-mode. Mistake Number 8: Failing to seek expert financial and retirement guidance.
Start focusing on these commonly made mistakes and make sure you are not falling into the traps they can create. If you recognize some of them in your portfolio, get them fixed so you are on the right track. You don’t want any of them to affect your retirement planning and live-on income.
Start a pro-active plan NOW! If you want to be able to live financially stable now and into your “golden” retirement years, you need to make changes in the strategies you’re presently using. One other pro-active move you can make is to join the home-business boom. It is the next big trend. CNN reports that a new home based business is started in the United States every 11 seconds.
Why? Well because a new home based business offers a low start-up investment compared to a brick and mortar, or franchise business, low monthly overhead, and you can start part-time while still employed, and create time leverage, residual income, and tax benefits for yourself. Tax expert Sanford Botkin says that a home business can result in tax savings of $3,000 to $9,000 per year.
Follow this trend, however do proceed wisely – you don’t want to get into a situation where you are wasting time or money out of your pocket.
Make sure you do your research. You are looking for an income generating system that allows you to build substantial supplemental income, PASSIVELY; where you don’t have to give up your life, or your spare time to run it successfully.
You don’t want to be adding a lot of additional work hours to your day, otherwise, you might as well start commuting to a second job site.
Start now… remember, procrastination is mistake #1… That way when you do decide to retire, unlike the income earned at a job, which stops when the work stops, the residual income from your home based business will continue to pay you long after the work is completed. Leaving you to enjoy your retirement free and to the fullest.
HAGGERTY
Most of us are familiar with these statistics…
Out of 100 people who starts working at the age of 25, by the age 65:
* 1% are wealthy * 4% have adequate capital stowed away for retirement * 3% are still working * 63% are dependant on Social Security, friends, relatives or charity. * 29% are dead.
More Statistics on “The GOLDEN Years”
Retirement by the Governments own statistics:
* The average savings of a 50 year old in the U.S. is $2500. * 32 Million Americans are currently threatened with bankruptcy. * More than 1,000,000 [1 Million] filed for bankruptcy in the year 2000.
More Statistics…
Out of every 100 people who reach the retirement age of 65:
* 62 retire with less than $25,000 in assets and depend on Social Security or family for their retirement.
* Another 35 retire with less than $100,000, have some form of pension in addition to Social Security and are just making it in their retirement. If either Social Security or their pension went away they would have a very difficult time surviving.
* 2 of the 3 remaining retirees have an adequate pension or retirement account. They have assets of between $100,000 and $750,000. They do appreciate having the additional money they receive from Social Security, but could survive without it.
* The last of these 100 retirees, is the only one who is financially independent. This retiree has assets approaching or exceeding $1,000,000. They do not need the income from Social Security at all.
Which group above will you be in when it is time for you to retire?
Still More Statistics…
“According to recent Governmental statistics, most people are very concerned about their financial security in retirement. Over 70% believe they won’t have enough money put away for retirement. Of those between the ages of 30 and 54, almost 80% feel this way about their future.
One of the factors is the uncertainty of Social Security. In the mid 1970’s, 2/3 of the people surveyed said they were quite confident Social Security would be there for them when they retired.
In 1980, of those surveyed, 2/3 commented that they were not confident that Social Security would be there to support them in retirement. They felt that if Social Security was still a functioning service, it probably would not be paying an adequate amount to cover a reasonable standard of living.
So if this is the case… why aren’t people socking away hoards of money so they are not part of the statistics? Well, it seems that saving for retirement is a difficult task to master for the average person.
Some have difficulty saving on a systematic basis. With others, it’s often the case of having good intentions but very poor follow-through. Still others, it’s that they make poor selections with the saving and investment vehicles they choose.”
Clearly, the working-class scenario of toiling away building someone else’s empire for forty years, trying to accumulate wealth (money) so one can retire comfortably, is NOT working. Most people would like to retire with dignity. Wouldn’t you?
Have we shown you enough? Well, here’s a few more facts…
“The rising stock market and escalating property values, while adding general prosperity, hide the brutal fact that for many Baby Boomers-who are now turning 50, retirement may not be a pretty picture.
Over the next 20 years, 76 million of us born between 1946 and 1964 will hit 50. For most, that means facing up to the harsh questions of how, or even if, they will be able to afford to retire.
With meaty employment pension plans gone the way of ancient history, and Social Security increasingly becoming an uncertainty, the lifestyle of retirees is no longer leisure, golfing, fishing and travel. In fact, the lifestyle for many retirees may be continued work and “cans of Spam . . . and not Caviar and Travels.”
The latest Census Statistics show that only 1 out of every 10 Americans today, is financially prepared to retire when they reach the age of 65.
What about the Current Economic Situation?
As we know, the economy is teetering on recession, companies continue to lay off in great numbers. And, you may as well kiss true job security good-bye. It doesn’t seem to exist anymore.
And although you may be one of those that make it to retirement and manage to hang on to your job, according to the Bureau of Labor Statistics, at 65 only 5% have enough money to retire on.
And since the standard route of working a traditional job has failed for 95% of all Americans. Shouldn’t you be seriously RE-evaluating the traditional career job employment scenario and if it is going to get you to and take you through retirement financially sound?
Here’s the real kicker… You and most of the people you know are going to work for at least 30 to 40 years …. at jobs you hate… with bosses you hate… with commutes you hate… with hours that you hate. What a life – failing while you are miserable most of the time. Do you want to do this for the next 40 years?
So What Can You Do About It?
Well, one pro-active move you can make is to avoid common and costly retirement planning mistakes that could seriously jeopardize your future and the lifestyle you dream of for your retirement.
Mistake Number 1: Procrastination Mistake Number 2: Not realizing that you’ll need a specific amount of money to sustain you each month when retired. Mistake Number 3: Relying on the belief you’ll be able to draw FULL Social Security benefits. Mistake Number 4: The under-estimation of your medical costs if you are not in good health. Mistake Number 5: Not setting up your long-term-care insurance early. Mistake number 6: Making the assumption that you can retire early. Mistake Number 7: Getting into the false hope that in retirement you will be in retirement-mode. Mistake Number 8: Failing to seek expert financial and retirement guidance.
Start focusing on these commonly made mistakes and make sure you are not falling into the traps they can create. If you recognize some of them in your portfolio, get them fixed so you are on the right track. You don’t want any of them to affect your retirement planning and live-on income.
Start a pro-active plan NOW! If you want to be able to live financially stable now and into your “golden” retirement years, you need to make changes in the strategies you’re presently using. One other pro-active move you can make is to join the home-business boom. It is the next big trend. CNN reports that a new home based business is started in the United States every 11 seconds.
Why? Well because a new home based business offers a low start-up investment compared to a brick and mortar, or franchise business, low monthly overhead, and you can start part-time while still employed, and create time leverage, residual income, and tax benefits for yourself. Tax expert Sanford Botkin says that a home business can result in tax savings of $3,000 to $9,000 per year.
Follow this trend, however do proceed wisely – you don’t want to get into a situation where you are wasting time or money out of your pocket.
Make sure you do your research. You are looking for an income generating system that allows you to build substantial supplemental income, PASSIVELY; where you don’t have to give up your life, or your spare time to run it successfully.
You don’t want to be adding a lot of additional work hours to your day, otherwise, you might as well start commuting to a second job site.
Start now… remember, procrastination is mistake #1… That way when you do decide to retire, unlike the income earned at a job, which stops when the work stops, the residual income from your home based business will continue to pay you long after the work is completed. Leaving you to enjoy your retirement free and to the fullest.
HAGGERTY
May
28
Make Money Online in a Tough Economy
Filed Under Retirement Myths | Comments Off
Jo Mark asked:
Have you always wondered why others are making big money online and you have trouble earning just a few measly bucks? Do you dream of online earnings that you can make from the comfort of your home without having to answer to a boss? Would you like to make money online in this tough economy? Find out how others are earning big money online and how you can too.
Most successful online entrepreneurs have more than one source of income. They use websites, blogs, affiliate products, residual and multi-level programs, Ebay income, advertising revenue, their own products, and other people products. Few people that make big money online do it by using just a single technique.
And that is a mistake that most new comers make. They hear about a program that interests them and they commit all of their efforts to that one thing. If success doesn’t come to them right away, they quit working the program and feel that they can’t make money online.
Few successful online business owners make money off of just one thing. It is almost always a combination of different income sources. Some of these sources earn just a few dollars a month and others make thousands. It is through this diversification that they find products and systems that are the most profitable.
Most successful individuals use 10-12 different programs that make money at any given time. There are some that make more than others, but at the end of the year when you add everything up, you can make tens or even hundreds of thousands of dollars.
But to make it all work, you have to get started. If you are not making any money online and you are using one single system, branch out and look for other programs that sound profitable. It is through this diversification that you can achieve true success and begin making real money online.
Do you want to know how I make money? Get my Free ebook and learn how to make money online!
CURTIS
Have you always wondered why others are making big money online and you have trouble earning just a few measly bucks? Do you dream of online earnings that you can make from the comfort of your home without having to answer to a boss? Would you like to make money online in this tough economy? Find out how others are earning big money online and how you can too.
Most successful online entrepreneurs have more than one source of income. They use websites, blogs, affiliate products, residual and multi-level programs, Ebay income, advertising revenue, their own products, and other people products. Few people that make big money online do it by using just a single technique.
And that is a mistake that most new comers make. They hear about a program that interests them and they commit all of their efforts to that one thing. If success doesn’t come to them right away, they quit working the program and feel that they can’t make money online.
Few successful online business owners make money off of just one thing. It is almost always a combination of different income sources. Some of these sources earn just a few dollars a month and others make thousands. It is through this diversification that they find products and systems that are the most profitable.
Most successful individuals use 10-12 different programs that make money at any given time. There are some that make more than others, but at the end of the year when you add everything up, you can make tens or even hundreds of thousands of dollars.
But to make it all work, you have to get started. If you are not making any money online and you are using one single system, branch out and look for other programs that sound profitable. It is through this diversification that you can achieve true success and begin making real money online.
Do you want to know how I make money? Get my Free ebook and learn how to make money online!
CURTIS
May
27
Making Money Online Can Be Easy
Filed Under Retirement Myths | Comments Off
Todd Ash asked:
While selling products and advertising are very legitimate methods for creating an income with the internet, most people dont even consider a much more effective method for making money on the internet, which is by selling their own services.
Now simple math will tell you that if you are selling DVD players and are making $5 for each one you sell, it will take 200 sales to make $1000 of profit.
The idea of making money online is attractive to many, primarily because of the benefits it offers. Building relationships is important when it comes to profiting. One of the most talked about ways of earning money online is to run your own website. It sounds wonderful earning money online thats why you are here isnt it.People are making money selling odd stuff from haunted vases to advertisng their bare backs for ad space.
You no longer need to have to know anything about PCs or programming to start earning money online .But I feel that when it comes to making lots of money online, the biggest mistake that most webmasters make is not having enough of one of two things (or both): Links And Content. Forget making others rich on reseller mini sites.
The web offers alluring new ways of making a living, ways that may allow us to profit from our deepest passions. People are skeptical about making money online because of the scammers and of the gurus who basically are only making cash for themselves. Although the number of money making seekers is growing all the time, new opportunities is constantly appearing on the internet, too .
Bottom line is, no single method of earning money online will make you rich overnight.Sure, there are many legitimate online money making programs, but which one will work best FOR ME.Let’s review every option: Hobby: Maybe you don’t know it but making money is millions of people’s favorite hobby. If you are serious about making money online, I suggest you leave these micro money making opportunities to teens and to move to more lucrative activities.
Remember: starting your very own ultra profitable online business does NOT have to be hard especially if you know of all the great different and most profitable ways you can start making money on the internet asap.Thousands of people are making a full time income from the comfort of their own homes,working only a few hours a week.
Income
It seems that one of the hardest parts of creating an income with the internet is deciding what methods to use to achieve your goals. Even if youre not looking to work full-time at home, the internet offers a viable source of money which can help to supplement your regular income.
The research involved with making money online is relatively simple. The real truth about making money online is that there is no real secret to it, it takes hard work dedication and patience and if you’re not prepared to put it in you will not get it out.
You may also be surprised to know that making money on the internet is pretty simple. The keys to making money online is just like making money anywhere else, hard work and knowledge.
The trick to making money on the internet is to find out what people want. Finally, in what I call a flash of brillance, I discovered that making money online is easy if you follow the right plan.
HOOD
While selling products and advertising are very legitimate methods for creating an income with the internet, most people dont even consider a much more effective method for making money on the internet, which is by selling their own services.
Now simple math will tell you that if you are selling DVD players and are making $5 for each one you sell, it will take 200 sales to make $1000 of profit.
The idea of making money online is attractive to many, primarily because of the benefits it offers. Building relationships is important when it comes to profiting. One of the most talked about ways of earning money online is to run your own website. It sounds wonderful earning money online thats why you are here isnt it.People are making money selling odd stuff from haunted vases to advertisng their bare backs for ad space.
You no longer need to have to know anything about PCs or programming to start earning money online .But I feel that when it comes to making lots of money online, the biggest mistake that most webmasters make is not having enough of one of two things (or both): Links And Content. Forget making others rich on reseller mini sites.
The web offers alluring new ways of making a living, ways that may allow us to profit from our deepest passions. People are skeptical about making money online because of the scammers and of the gurus who basically are only making cash for themselves. Although the number of money making seekers is growing all the time, new opportunities is constantly appearing on the internet, too .
Bottom line is, no single method of earning money online will make you rich overnight.Sure, there are many legitimate online money making programs, but which one will work best FOR ME.Let’s review every option: Hobby: Maybe you don’t know it but making money is millions of people’s favorite hobby. If you are serious about making money online, I suggest you leave these micro money making opportunities to teens and to move to more lucrative activities.
Remember: starting your very own ultra profitable online business does NOT have to be hard especially if you know of all the great different and most profitable ways you can start making money on the internet asap.Thousands of people are making a full time income from the comfort of their own homes,working only a few hours a week.
Income
It seems that one of the hardest parts of creating an income with the internet is deciding what methods to use to achieve your goals. Even if youre not looking to work full-time at home, the internet offers a viable source of money which can help to supplement your regular income.
The research involved with making money online is relatively simple. The real truth about making money online is that there is no real secret to it, it takes hard work dedication and patience and if you’re not prepared to put it in you will not get it out.
You may also be surprised to know that making money on the internet is pretty simple. The keys to making money online is just like making money anywhere else, hard work and knowledge.
The trick to making money on the internet is to find out what people want. Finally, in what I call a flash of brillance, I discovered that making money online is easy if you follow the right plan.
HOOD
May
26
[www.nbacard.net] Alonzo Mourning’s Jersey Retirement Part 1 ( Live @ AA Arena Miami)
Filed Under Sports | 23 Comments
nbacardnet asked:
If you are a ZO Fan, Check these video www.youtube.com www.youtube.com [www.nbacard.net] Alonzo Mourning’s Jersey Retirement Part 1 ( Live @ American Airlines ArenaMiami) If you can’t find part 2 and part 3, go to my youtube then watch those.
TOLER
May
26
How To Plan For Your Retirement
Filed Under Retirement | Comments Off
Obinna Heche asked:
A retirement home business is just that, a business you start or operate after retiring from another career. Today millions of Americans are operating retirement businesses for reasons ranging from financial need to just wanting something to do to keep them active, alert, and engaged. A retirement federal business opportunities could be full time, but might more likely be part time and meet other needs of the proprietor, like time flexibility.
Priscilla, a retired beautician in Iowa, opened her one chair salon in a converted garage in her home. She has a set clientele who know that she spends at least six weeks in Florida each winter and that they have to make appointments early around the holidays, when her children and grandchildren come to visit. Priscillas retirement business generates some welcome added income, but more important, gives her a real sense of satisfaction and ongoing accomplishment as she grows wiser. Plus, she still keeps up on all the gossip.
For some federal business opportunities are a way to pay the bills. Sometimes life throws us curves, and retirement nest eggs just do not turn out to be enough to get by or else get quickly used up in medical or other emergencies. And sure, there are service sector or other jobs out there for those on their second or third careers, but they are not for everybody.
John, a former maintenance man at a school district, wanted to supplement his income after retirement. He realized that many of the vacation homeowners in his area of Wisconsin frequently needed work done on their properties, but were not able to be there to supervise or check the work when done. So John started a home business helping these absentee home owners maintain their homes.
He would do drive by checks on the vacatnt property in the off season, hire specialists such as plumbers or electricians and oversee the work when repairs were needed or simply charge a fee to open up and prepare the house prior to the owner coming back for some rest and relaxation. For John, it was perfect he worked 20 to 25 hours per week, setting his own hours for the most part, and he was able to use the knowledge gleaned in 30 years of his previous career.
Retirement federal business opportunities are so popular in Florida that one gentleman retired only to start a retirement business brokerage. Retired friends of his would ask if he knew of any small businesses for sale that they could run on a part time basis. For the most part, they were not as interested in putting in the energy to start a business from scratch as they were in busing an ongoing concern.
As this clever retiree looked into it, he discovered that there was a healthy business to be made out of brokering such details. But now the good news, and the reason for new laws. Starting with the month you reach full retirement age, you will get your benefits with no limit on your earnings. However, you should note that starting with those born in 1938, the legal definition of full retirement age is age 67.
BARRIOS
A retirement home business is just that, a business you start or operate after retiring from another career. Today millions of Americans are operating retirement businesses for reasons ranging from financial need to just wanting something to do to keep them active, alert, and engaged. A retirement federal business opportunities could be full time, but might more likely be part time and meet other needs of the proprietor, like time flexibility.
Priscilla, a retired beautician in Iowa, opened her one chair salon in a converted garage in her home. She has a set clientele who know that she spends at least six weeks in Florida each winter and that they have to make appointments early around the holidays, when her children and grandchildren come to visit. Priscillas retirement business generates some welcome added income, but more important, gives her a real sense of satisfaction and ongoing accomplishment as she grows wiser. Plus, she still keeps up on all the gossip.
For some federal business opportunities are a way to pay the bills. Sometimes life throws us curves, and retirement nest eggs just do not turn out to be enough to get by or else get quickly used up in medical or other emergencies. And sure, there are service sector or other jobs out there for those on their second or third careers, but they are not for everybody.
John, a former maintenance man at a school district, wanted to supplement his income after retirement. He realized that many of the vacation homeowners in his area of Wisconsin frequently needed work done on their properties, but were not able to be there to supervise or check the work when done. So John started a home business helping these absentee home owners maintain their homes.
He would do drive by checks on the vacatnt property in the off season, hire specialists such as plumbers or electricians and oversee the work when repairs were needed or simply charge a fee to open up and prepare the house prior to the owner coming back for some rest and relaxation. For John, it was perfect he worked 20 to 25 hours per week, setting his own hours for the most part, and he was able to use the knowledge gleaned in 30 years of his previous career.
Retirement federal business opportunities are so popular in Florida that one gentleman retired only to start a retirement business brokerage. Retired friends of his would ask if he knew of any small businesses for sale that they could run on a part time basis. For the most part, they were not as interested in putting in the energy to start a business from scratch as they were in busing an ongoing concern.
As this clever retiree looked into it, he discovered that there was a healthy business to be made out of brokering such details. But now the good news, and the reason for new laws. Starting with the month you reach full retirement age, you will get your benefits with no limit on your earnings. However, you should note that starting with those born in 1938, the legal definition of full retirement age is age 67.
BARRIOS
May
24
Joe Sakic Announces Retirement (Full Press Conference 9th July 2009)
Filed Under Sports | 22 Comments
HockeyWebCast asked:
Colorado Avalanche centre Joe Sakic address family, friends and the media at his retirement announcement. (July 9th 2009)
BECERRA
May
23
Does Participating in a Retirement Program Prevent You from Deducting an IRA Contribution?
Filed Under Retirement | 2 Comments
Joe asked:
Years ago, a person who participated in a retirement program could not deduct an IRA contribution.
Years ago, a person who participated in a retirement program could not deduct an IRA contribution.
Is that still the case? What kind of retirement program is relevant to this situation (defined benefit, defined contribution, 401k)?
BARONE
May
17
Is it more important to have 3 different retirement savings accounts?
Filed Under Retirement | 4 Comments
Mamabear asked:
My husband has been stashing money into 3 different retirement savings accounts through his work. I just found out about it after 3 years he’s been on this job. Is it so very important to save for one’s retirement that we can barely get by payday to payday? If he had bigger paychecks without saving for retirement we would be out of debt by now.
DAIGLE
My husband has been stashing money into 3 different retirement savings accounts through his work. I just found out about it after 3 years he’s been on this job. Is it so very important to save for one’s retirement that we can barely get by payday to payday? If he had bigger paychecks without saving for retirement we would be out of debt by now.
DAIGLE
May
16
Rodney G asked:
I am interested in using my retirement funds to purchase a new beach property while prices are down and I believe that within 10 years that investment will be much better than stocks bonds etc.
I was told by another person not on this forum that the funds could be transferred into a “profit sharing plan” and from there could be invested in whatever manner the manager sees fit. The plan would be a corporation and as long as the manager (me) did not use the property for other personal things and any rents were paid directly to the plan that this would be a qualified investment> any thoughts?
MOULTON
I am interested in using my retirement funds to purchase a new beach property while prices are down and I believe that within 10 years that investment will be much better than stocks bonds etc.
I was told by another person not on this forum that the funds could be transferred into a “profit sharing plan” and from there could be invested in whatever manner the manager sees fit. The plan would be a corporation and as long as the manager (me) did not use the property for other personal things and any rents were paid directly to the plan that this would be a qualified investment> any thoughts?
MOULTON
May
16
Arleen asked:
My 2 retirement account companies do not distribute annual statements on my accounts, they only distribute monthly or quarterly statements at best. So given that, what statements do I need to keep in my files and for how long? I’m trying to clean out my office and get rid of any unnecessary paperwork. Thanks.
FLAHERTY
My 2 retirement account companies do not distribute annual statements on my accounts, they only distribute monthly or quarterly statements at best. So given that, what statements do I need to keep in my files and for how long? I’m trying to clean out my office and get rid of any unnecessary paperwork. Thanks.
FLAHERTY