Are you talking like 1970s retirement or 2020 retirement standards?
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Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
Elmer Fudd says to, to, today, like 2020
I meant like retirement standard. The vast majority of retirement info and advice I have seen says there is no "easy retirement" anymore and even less so for anyone not retiring within the next 5 years. Most of the problem stems from retirement planning being for less than 25 years. The average person is out living their retirement savings.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
Bottom line; MOST folks do not live, breathe, sleep, eat, wheel, fun, and drink with a budget.
No easy Red button here, someone can only get what they save or buy (house(s) and land).
Time Value of Money is one path...
Example, 30yr old has income of $80k and wants to retire at age 62, but only needs $50k at retirement, because he will receive additional money from SSI, VA disability or maybe small pension or some inheritance from Trump.
Save $800 month /12% of your income ($9,600yr), 384 months, ~8% = age 62 with about ~ 1.3mil, take a 4% distribution, gives them ~$52k per year, you have 90% chance that money will last longer than 30yrs....
~ age 92. (S&P 500 1928 to 2017, ~9.6%).
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
I have a friend who was awarded $20k last year, maybe you know someone that could use this information.
Texas Young Farmer Grant
Young Farmer Grant
Who: Grant applications will be accepted from any individual person 18 years or older, but younger than 46 years of age as of the application deadline, who is engaged or will be engaged in creating or expanding agriculture in Texas.
Texas Young Farmer Grant
Young Farmer Grant
Who: Grant applications will be accepted from any individual person 18 years or older, but younger than 46 years of age as of the application deadline, who is engaged or will be engaged in creating or expanding agriculture in Texas.
Was just curious how you were structuring your retirement. At work I have talked to many retired people who admitted they outlived their retirement plan and were having to rethink their income to be comfortable. I am always curious how people plan it out. Personally I am looking to build residual income from a variety of sources that do not require my daily interaction to build and fund my retirement goals long term.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
Great question. Pm sent.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
My IRA 18.46% and TSP 21.42% 2017 results.
The TSP has both ROTH and Pretax contributions, the taxed is paid upfront on the ROTH, I will not need these accounts for another 18yrs. Time Value of Money is on my side.
What is the 'Time Value of Money - TVM'
The time value of money (TVM) is the idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received. TVM is also referred to as present discounted value.
The TSP has both ROTH and Pretax contributions, the taxed is paid upfront on the ROTH, I will not need these accounts for another 18yrs. Time Value of Money is on my side.
What is the 'Time Value of Money - TVM'
The time value of money (TVM) is the idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received. TVM is also referred to as present discounted value.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
Listen live: BizTalkRadio
Listen to podcasts *One of my Favorite Shows: Bucket Strategy Investing,
Biz Talk Radio > Home
Biz Talk Radio > Schedule
Other shows I like to listen too, just look
at the schedule and check other shows out also.
Del Walmsley Radio Show
Ray Lucia Show
Big Biz Show
Dave Ramsey
Listen to podcasts *One of my Favorite Shows: Bucket Strategy Investing,
Biz Talk Radio > Home
Biz Talk Radio > Schedule
Other shows I like to listen too, just look
at the schedule and check other shows out also.
Del Walmsley Radio Show
Ray Lucia Show
Big Biz Show
Dave Ramsey
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
All depends on where ya put your pennies.
A $12k investment over 2 years can make $500 payment per month for one year.
2 years and 45% rate of return, the $5,500 does not include quaterly dividends.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
The Government might have another shutdown on February 9th, if you like tax return early, I would file before Tuesday. The next shutdown is expected to last more than 3 days, we were told 7-14 days. All depends if Dems will agree to Trumps 30billion request for border wall and security, watch the news.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
Form an LLC in Texas | How to Start an LLC
Texas Franchise Tax Calculation: LLCs with annualized revenue below $1,110,000 do not pay any tax, but must file a “no tax due report.
Texas Franchise Tax Calculation: LLCs with annualized revenue below $1,110,000 do not pay any tax, but must file a “no tax due report.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
@tx_shooter
My laundry fairy spent some of my beer money yesterday for Art supplies that will be donated to the Veterans home. no complaints and I like Miller Lite. I bet you like Miller lite now.
Did you know with the new tax reform, it will end up hurting non profit organizations? those who itemize their returns and give to charitable organizations will now be less than 30% of the, next year 2018 tax filers. The new standard deductions has pros and cons.
My laundry fairy spent some of my beer money yesterday for Art supplies that will be donated to the Veterans home. no complaints and I like Miller Lite. I bet you like Miller lite now.
Did you know with the new tax reform, it will end up hurting non profit organizations? those who itemize their returns and give to charitable organizations will now be less than 30% of the, next year 2018 tax filers. The new standard deductions has pros and cons.
Mauzer
Pitter Patter. Lets Get at Er
I respectfully disagree with the above. Personally I don't give to charity so that I can deduct it on my tax return, but I'm not naive and know that is a bonus for some people. The increased threshold for itemization just means that people will need to give MORE to charity to reach the deduction so it could actually be helpful since property tax deductions have been capped at $10k. We've also been setting up clients with Donor Advised Fund accounts so that they can "bunch" the amount every other year.@tx_shooter
My laundry fairy spent some of my beer money yesterday for Art supplies that will be donated to the Veterans home. no complaints and I like Miller Lite. I bet you like Miller lite now.
Did you know with the new tax reform, it will end up hurting non profit organizations? those who itemize their returns and give to charitable organizations will now be less than 30% of the, next year 2018 tax filers. The new standard deductions has pros and cons.
The real con of the tax reform bill is the REMOVAL OF the deduction for employee business expenses (Form 2106). People who normally take large 2106 deductions on Sch A need to renegotiate their employment contracts ASAP to account for the loss of the deduction.
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Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
There are a lot of folks who give just for the deduction for the write off.
The true and total effects to charitable given will probably seen after the 2019 IRS filing, economist are predicting 200k loss in workers from Non Profit organizations with the new tax reform.
I hope your right that more folks will give more.
I don't consider it a disagreement, and you have valid points, I'm not a fortune teller by all means.
I know the non-profit I work with gets the vast majority of donations through small donations with no receipt. We are a small organization so I know that is not the rule for all; but I know it is the case for small orgs.
The large windfall donations just are not the norm for non-profits.
The large windfall donations just are not the norm for non-profits.
On the Board; so all of the above and some of the below.
Taco Loco
Tired and Lazy, married to ‘The Laundry Fairy’
I sold off a few stocks and mutual funds Jan 25th, couldn't have been a perfect time, the stocks hit new 52wk highs, fast forward a week and mostly everything across rt he board is down.
I was going to reinvest, but the stocks I was looking at kept going up, even last week. Only 1 is down while the 2 others are still in the green, crazy market.
I was going to reinvest, but the stocks I was looking at kept going up, even last week. Only 1 is down while the 2 others are still in the green, crazy market.