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What do you think of my Retirement Plan?

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What do you think of my Retirement Plan?  Reply with quote  

Income-$1350 per month Social Security (for both of us)
$500 rental income (Renting out two RV's on the property)
$1900 per month

Car insurance- $150 per mo (only one of us will drive)
Car upkeep-$50
Property Taxes-$150 (assuming it triples by then)
Personal Hygiene-$100
Church donation-$75
Home Upkeep-$100
Cycling-$75 (Bike upkeep, clothing, tires,etc)
Solar Panels/battery upkeep-$25
Generator Batteries-wintertime-$15
$1725 per mo.

Currently ages 50 & 55. We'd live in a 280 sq ft tiny home with a large garage beside it... on 20 acres we just bought. Wood stove for heat. A little propane used for two appliances. Two year round springs provide water. No medical costs due to being Native American. This leaves almost $200 leftover per mo. Hopefully the majority of the leftover $$ will be saved for our sons inheritance.

Does this seem do-able? The land + home is worth a little over a hundred thousand dollars (being conservative). We would also grow much of our food. As we age, we will need to move because the town is located in a very remote area and on a very dangerous road.

We also might be foster parents again but now doing what’s called emergency placement (children would stay with us up to 48 hrs, arriving at all hrs of hte night until they found placement). We did foster care for 6 years some time back but it costs us a little money out of our pocket (about $100 month) because the subsidy was so low. We had a total of 8 kids in 6 years.

Does this seem like a decent enough retirement plan??
Would you enjoy it??

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Post Thu Feb 09, 2017 8:19 am
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Location: NSW
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Yeah, I will definitely enjoy the retirement plan. Likewise, I can also invest in some International funds, As investing in international funds is the safest way to invest and secure money. Though it is the long term investing plan, but it is the secure way to invest money. At now-a-days many online sites like Australian funds management, Aberdeenasset etc. are available on the Internet, where can easily invest their money.
Post Fri Feb 23, 2018 9:46 am
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Carmen W
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The livecareer review plan is really good. Although I need to consult with brother on this as I am not that much technical about these things . Still, I felt that you had shared such great plan. Thanks for your working.
Post Sat Nov 16, 2019 5:05 am
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Joined: 23 Dec 2004

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Retirement planning refers to financial strategies of saving, investment, and ultimately the distribution of money meant to sustain one's self during retirement. I am not ready for that yet. On the contrary, sometimes I need money. Time after time I apply for a loan online. Here is the convenient execution of a loan agreement via the Internet https://maybeloan.com/payday-loans/wa . I receiving money fast and practically without refusal. With the help of an online loan, I close my financial issue in the shortest possible time.
Post Sun Feb 14, 2021 3:17 pm
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