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Russian bots do this thing where they occasionally throw unrelated article in between anti America articles. Common behavior.
Russian bots do this thing where they occasionally throw unrelated article in between anti America articles. Common behavior.
Yeah, and probably Kakistocracy is some underling Russian intel officer
Here are 20 ways to ignore the experts—and wreck your chances of a financially comfortable retirement:
17. Don’t worry about inflation after you retire. It’s been low for years and no doubt it’ll stay that way.
Sounds like a certain someone is telling us all his issues of retirement. Really sad and poor planning.
Take your Social Security at age 62, needed or not. It’s your money. Grab it while you can.
MrMagic saysSounds like a certain someone is telling us all his issues of retirement. Really sad and poor planning.
Is that what it sounds like ? Thought u were talking in the 3rd person again.
Don't have money to piss away on junk food actually - not a big fan.
Why not do as you prodded Iwog to do so many times, post your 401-K statement(s), investment statement(s), tax returns etc. complete with name, address, social security number etc so they can be verified to prove you are a paper millionaire otherwise STFU and obey when the wife calls..
there are break even points
If you don't pay tax on SS and invest, there are break even points, but they are only based on theory, and they change depending on how much tax you pay if you still have income from other sources (and almost everybody does). If you collect at 70 and get the highest benefit, you have to be in your 80's for a break even before you start pulling ahead.
so if they go out at 62+, they are forced to take SS then, as they have very little saved to wait.
the secret to retirement is to sell annuities to seniors
ive below your means & save.
nursing home insurance
CBOEtrader saysthe secret to retirement is to sell annuities to seniors
Garden Variety Insurance Schelppers are on the same scale as realtors, if not a bit worse - really a toss up.
Alien concepts for the vast majority of Americans that do have the means to do this and wishful thinking for those that lack the means but would love to.
Can not stress the importance of sitting down with a CPA and an Estate Planning / Elder Law Attorney to map out and put in place a comprehensive "game" plan complete with trusts, advance directives, wills etc. well before you need them or when you think you will since no one knows what lies ahead in terms of health and accidents.
Better just to admit that when you are dead, you can't control your afterlife or your children/heirs.
If they visit your grave and put flowers there for a couple of years, you are probably in the lucky minority.
#22 . Follow platitude advice lists from poorly written articles.
Take the money at 62. Also, most 401k's are terrible, especially if they are managed.
the secret to retirement is to sell annuities to seniors :)
Adding a few lampreys to your estate plan doesn't mean it won't be mired in infighting between heirs
Long term care insurance is more about estate planning than anything else. You can keep the equivalent of your LTC insurance contract in your name while spending down assets before medicaid picks up the bill.
Basically they die before collecting?
It is one part of the whole
The office I chose has a "team" in place with each responsible for certain aspects of what went into the plan and that involved meeting with each of them one on one besides meeting with the team before everything was signed and accepted.
Adding a few lampreys to your estate plan doesn't mean it won't be mired in infighting between heirs.
I love the way lawyers make you think you are getting something for your money,
FortWayneIndiana saysBasically they die before collecting?
I think they pocket the commission and then send out one of those $500 cartel hit men before the first check is minted.
Retirement is simple. Work hard, live below your means & save.
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And let’s face it: Who needs advice? Who wants to actually do something? Here are 20 ways to ignore the experts—and wreck your chances of a financially comfortable retirement:
1. Keep thinking retirement is so far in the future that there’s no need to act now. There’s still plenty of time. After all, you’re only [insert age].
2. Avoid saving when you’re young and instead play catch-up starting at age 50. At that juncture, the government allows you to save more in both employer plans and IRAs, so that must mean it’s OK to wait.
3. Bank on being able to work until age 75 or beyond.
4. Live for today, so you accumulate debt right up until the day you hope to retire.
5. Invest in individual stocks you pick personally. Almost as good: If offered a retirement plan at work, close your eyes and pick the three options that sound best.
6. Ignore all the retirement planning tools available to you. They’re just too time consuming.
7. Never contribute to your 401(k), because right now there are so many better uses for the cash. Can’t resist the savings urge? Make sure you contribute at a level where you don’t earn the full employer match.
8. Keep the same mix of investments at age 60 that you had at age 25. Change is not good.
9. Take your Social Security at age 62, needed or not. It’s your money. Grab it while you can.
10. Only save in tax-deductible accounts and don’t bother with the Roth, let alone taxable accounts. That way, you can spend your retirement paying ordinary income tax on all your investment gains.
11. Ignore the need to provide for survivors. Don’t designate beneficiaries for your 401(k) or IRA. Don’t bother with life insurance. Got a pension? Talk your spouse into agreeing to a single life annuity benefit. After all, it’s your pension, right?
12. Make sure all your savings are in tax-favored plans, so they aren’t easily accessible in an emergency. What about the income taxes and potential tax penalties? You worry too much.
13. Assume there will be a major drop in your spending when you retire. Make a list of all your expenses, just to be sure. Are things looking a little tight? For goodness’ sake, don’t tell your spouse.
14. Cancel that long-term-care policy you bought years ago. If you haven’t needed it so far, you likely never will—and, besides, you have plans for that premium refund.
15. You’ve been waiting so long to buy that boat or RV. You deserve it. And what do you know? It’s so easy to get a 401(k) loan.
16. Invest heavily in your employer’s stock. There’s no doubt it’s a good company—and not at all like Enron.
17. Don’t worry about inflation after you retire. It’s been low for years and no doubt it’ll stay that way.
18. When someone tries to explain the power of compounding, don’t bother listening to all that gobbledygook.
19. When there’s a big drop in the stock market, make sure you shift into bonds. There’s no point sitting around and losing everything.
20. Still got money left for retirement? Tell your adult kids you’re always willing to help them out financially.
21. Assume that you will never be the victim of a scam. Ignore the research indicating that 1 in 5 seniors is victimized - because you're far too smart to be 'taken.' Identity theft &/or fraud on your accounts could never happen to you. Added this one after reading the comments in the original article
https://www.marketwatch.com/story/a-20-step-guide-to-a-horrible-retirement-2019-03-16?mod=mw_theo_homepage
#Retirement #Economics