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How Much Money Will I Need for Retirement?

Retire

You may have heard that once you retire you’ll be able to live on 70-80% of your pre-retirement income. However, considering medical costs are rising and life spans are increasing, you’re likely to need 100% of your pre-retirement income in retirement.

Since it’s likely you’ll live a long life you need to keep a higher percentage of your assets in equity investments. Consider subtracting your current age from 110. The result could be considered a starting point for your equity allocation. For example, if you are 65 consider allocating 45% of your portfolio to equity investments (110-65 = 45) and allocate 55% to fixed income investments.

Also be sure to determine the best retirement age for collecting social security benefits

What if I can't sell my house?

Organic Savings

Individualism versus Collectivism #Video #OWS

 

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Birthday Bonanza AGAIN!

Every year around this time I get inundated with freebies, deals, and discounts

All I did was sign up for newsletters and submit my date of birth. Look what I got this week:


$5 off from my local butcher
Free sidekick of ribs at Texas Roadhouse
Free coffee at Dunkin Donuts
$1.99 Orange Julius fruit smoothie
$1.20 off at the local Polish deli
Free desert at my local Italian restaurant
Free hamburger at Schoop's
Free appetizer at Rock Bottom

Total Savings around $25  :<))

#OWS Misses Mark on Derivatives

Here is an article I published back in August.  A few updates:

1. Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion.  Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion.
2. Today, the notional value of all the derivatives held by Bank of America comes to approximately $75 trillion.  JPMorgan Chase is holding derivatives with a notional value of about $79 trillion.
3. Back in 2002, the top 10 U.S. banks controlled 55 percent of all U.S. banking assets.  Today, the top 10 U.S. banks control 77 percent of all U.S. banking assets.

And Congress/Obama have done nothing to curtail the use of OTC derivatives or stop "too big to fail"!

FED Keeps Rates Low, Forcing Savers To Take Risks

Unsafe Deposit Boxes ~ A must watch #video

 

The Rip Off Report ~ A College Education

Read all of my previous posts. Then take a gander at this new article full of facts and statistics.

You don't need a PhD with my money making system. Live free of wage slavery and college debt. See the Buy Now button? ORDER NOW!