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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75384  
Subject: Re: Does the 4% rule include taxes Date: 6/2/2011 11:10 PM
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I try to imagine what kind of job you can get at 60 or 62.

If you are close to being able to retire, many do not need or want a full $80K. Most prefer part time employment anyway.

Books are full of ideas on how a retiree can make extra income if needed--

1. Convert one of your hobbies into a business. If you make wood carvings or jewelry, sell some.

2. Sell things on ebay (that you buy by spotting the undervalued stuff at yard sales etc)

3. Take a tax preparation course and become a tax preparer during tax season. A dog groomer? A dog walker? Sitter?

4. I know professional salesmen who take up real estate, especially commercial real estate. It takes months or years to close a deal, but can be well worth it.

5. Become a professional investor. Learn to invest your retirement funds profitably.

6. Buy income property and become a landlord.

7. Work part time as a consultant in your previous industry

8. Teach appropriate courses at your jr college or high school adult education program.

etc, etc, etc
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