AIM is an investment method devised by the late Robert Lichello. This method is a proven way to take advantage of the inevitable market swings to enable us to ‘Buy Low / Sell High’.
Groundrules of how the AIM Strategy works:
TIP ME and I will email you the spreadsheet and a help file!
We purchased our park model trailer for cash. We could only guesstimate our expenses. Now I can see how much they are. My goal of $860 a month (which I determined back in 2006) was pretty good!
All numbers are per month.
HOA dues = $58.33. This covers sewer, water, use of the lodge, road maintenance, etc.
Electricity = $110 in the winter, $20 in the summer. We use two electric space heaters during the cold months. Looking into a wood burning stove.
Propane = $37.50 for heat and cooking
Gasoline = $30 thanks to driving a Prius
Food = $400 since we dine out a lot and buy from the health food store. Can't grow anything w/o a hoop house.
Insurance (home, auto, health) = $308.33
Substantially equal payments. If you want to turn your retirement money into an income stream before you’re too old, you can do it with the help of what the IRS calls rule 72t. This allows you to dodge the penalty as long you take the money out in “substantially equal” payments over your remaining lifespan or that of you and a beneficiary.
There’s even a loophole within this loophole. The payments don’t’ really have to stretch over your remaining lifespan. You’ve satisfied the IRS if the payments last five years or until age 59½, whichever comes later. After that you can take out as much or as little as you want.
There are a handful of ways your withdrawals can qualify as “substantially equal” in the eyes of the IRS, and they can get complicated. The web abounds with 72t calculators to help you sort things out, but you might want to double check the formula you settle on with a tax advisor.
Time to remind blog readers that the global elite control everything and a true free market exists in concept only.