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Kiplinger article on organizing finances for civilian retirement
How to Create a Retirement Income Stream | Kiplinger
Posted from kiplinger.com
Retirement
Income
Personal Finance
Posted 2 y ago
Responses: 1
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The first key is to invest in assets that generate an income. No one can save enough to replace a pre-retirement income.
The second key is to retire debt free. A completely paid off home in good repair and a new vehicle also paid in full.
The third key is to live within your means.
If you follow these three keys, you will die with assets as great as or greater than you had when you retired. If you don't like your obvious inheritors, leave them to me.
The second key is to retire debt free. A completely paid off home in good repair and a new vehicle also paid in full.
The third key is to live within your means.
If you follow these three keys, you will die with assets as great as or greater than you had when you retired. If you don't like your obvious inheritors, leave them to me.
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Maj Robert Thornton
I completely agree, pay off all debt, especially the house and vrhicles. If you can't pay off credit cards each month, cut them up and use cash only. The interest rates on credit cards will eat you alive.
It doesn't hurt to think of investment income once you have your first job. 401's, Roth IRA's, etc.
And as Jack said, live within your means.
It doesn't hurt to think of investment income once you have your first job. 401's, Roth IRA's, etc.
And as Jack said, live within your means.
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