how the heck does anyone ever retire?Multiple income streams help. In our first full year of hubby's retirement (I'm already retired), we expect to live on:50% Social Security40% investment income10% pension income from 2 tiny pensionsHubby might also teach one or two classes for one semester per year for an additional income stream.My grandparents lived in NYC on a tiny SS check (and a little help from my parents). My parents--now just my mother, lives on equal parts Social Security and Mom's pension taken as a lump sum and invested.It helps to live low on the hog, perhaps in a small house with a paid-off mortgage, with cheap hobbies and so on. With low expenses, you don't need $4MM, or even $1MM.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<