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retirement planning: If You Haven't Saved Enough Money to Retire You Better Read This - 11/05/07 06:22 PM
If You Haven't Saved Enough Money to Retire You Better Read This by Bill Roberts
Why? Because....
Building up an estate that can supply enough income to maintain your lifestyle after retirement is the desired goal.
A lot of us have puny IRAs that don't seem to grow fast enough to ever throw off enough income to keep us, if they grow at all.
Why Is That?
Well, it is probably because we have the money in our Individual Retirement Arrangement account invested in the stock market or money market or a combination of the two.
We "contribute" $3,000 to $5,000 a year to the account … (14 comments)

retirement planning: Fun With Ken and Barbie, Part 2 - 10/28/07 07:42 PM
Fun With Ken and Barbie, Part 2 by Bill Roberts
Last time in Fun With Ken and Barbie we calculated their Cash Needed Budget for when they retire. They "down-sized" from their big family home into a nice two bedroom house in a very nice gated community with all the amenities that they wanted. They are happy there.
When all was said and done they needed an average of $8957.00 per month to maintain their lifestyle. About 80% of this total is subject to inflation. We will use an inflation factor of 5%. This will go on as long as they both shall … (8 comments)

retirement planning: Five Resort Plan© part 2 Baby Boomer Retirement Planning part 6 - 08/19/07 12:57 PM
This is part 2 of the Five Resort Plan. Read part 1 here.
The Fun Begins
We decided to check out Palm Springs.  It met our criteria of being within driving distance and a resort destination where there would be demand for our house.  The numbers had to check out also.  The rental rate had to be enough to cover our costs (including mortgage after a normal down payment) with an overall occupancy rate of no more than 60%.  A higher occupancy rate would represent heaven on earth.
It seemed to work, so we plunged in.  We bought several houses within the city limits … (8 comments)

retirement planning: You Need a Business! Baby Boomer retirement Planning part 4 - 07/24/07 11:45 AM

At retirement we are faced with major lifestyle changes from NOT going to work every day to NOT having a regular income, having too much time for not enough to do.
Maybe what you want to do is have a small business that can occupy your time and provide some welcome and needed extra cash.
If you are fortunate enough to have a profession like mine (real estate broker) you can "work" where and when you want, full-time or part-time. You never actually HAVE to retire. But for those that "work" a regular job and will retire from that job, a business can … (2 comments)

 
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Bill Roberts - "Baby Boomer" Retirement Planner

Oceanside, CA

More about me…

Brooks and Dunphy Real Estate

Address: P.O. Box 712501, San Diego, CA, 92171-2501

Office Phone: (619) 244-4610

Cell Phone: (619) 244-4610

Email Me

Everything that the "Baby Boomer" needs to make sound financial decisions regarding real estate investing and retirement planning. Business Opportunities, self-directed IRA retirement plans, and mortgage strategies.


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