Mainsteam article on ten ways to pay for retirement:
http://finance.yahoo.com/news/10-ways-pay-retirement-132558046.html
1) Social Security: "The majority of retirees say they rely on Social Security as a major (57 percent) or minor (27 percent) source of retirement income"
Yep, no threat of social security ever going belly up! :rotflmbo:
2) 401k/IRA/ect: Not a bad part of your retirement portfolio, but watch out if a crash happens two weeks into your retirement!
3) A pension?! :rotflmbo:
4) Part time work: If I wanted to keep working, I wouldn't have retired!
5) Savings Account/CD: :rotflmbo:
6) Home Equity: Really, did we not learn our lesson in 2008?!
7) Stocks or stock mutual funds: see #2
8) Annuities: this works if you have no fear of any future inflation
:rimshot:
9) Rental income: This one I do like. If inflation happens, raise the rent. If we get a whole new currency, charge rent in the new curreny.
10) An inheritance: So I can only retire if someone rich dies and leave me money?
How do you plan on paying for retirement? Sell one ounce of gold a month to pay for expenses?
P.S. With really long posts, limit of 4 smilies is annoying :<
http://finance.yahoo.com/news/10-ways-pay-retirement-132558046.html
1) Social Security: "The majority of retirees say they rely on Social Security as a major (57 percent) or minor (27 percent) source of retirement income"
Yep, no threat of social security ever going belly up! :rotflmbo:
2) 401k/IRA/ect: Not a bad part of your retirement portfolio, but watch out if a crash happens two weeks into your retirement!
3) A pension?! :rotflmbo:
4) Part time work: If I wanted to keep working, I wouldn't have retired!
5) Savings Account/CD: :rotflmbo:
6) Home Equity: Really, did we not learn our lesson in 2008?!
7) Stocks or stock mutual funds: see #2
8) Annuities: this works if you have no fear of any future inflation
:rimshot:
9) Rental income: This one I do like. If inflation happens, raise the rent. If we get a whole new currency, charge rent in the new curreny.
10) An inheritance: So I can only retire if someone rich dies and leave me money?
How do you plan on paying for retirement? Sell one ounce of gold a month to pay for expenses?
P.S. With really long posts, limit of 4 smilies is annoying :<