Tagged With "Retirement"

Topic

Si, Si Senior ((50+))

Men On A Budget ·
It wasn't that long ago that AARP began stalking me. At fifty years of age, I wasn't quite ready to think about aging or retirement. I figured that I had another fifteen or more years to become debt-free and save for supplemental retirement income. That's plenty of time, right??? About three years ago I became disabled from work, still not having done anything to tackle that debt nor save for retirement so it was a definite reality check as my household income plummeted by more than half,...
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Re: Si, Si Senior ((50+))

Deven ·
Wow! "Social Security is not allowing us to be very social and there's not a whole lot of security either!" May I share this as a quote with attribution?
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Re: Si, Si Senior ((50+))

Men On A Budget ·
I hereby authorize Deven to use the above mentioned quote.
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Re: Budgeting for 2019!

Nicole ·
We live on a strict budget but do use the credit cards for everything to get the cash back bonus each December. I have had to create a new budget column (Last August) for hospital parking for when we can't get the free parking on the street. I make a grocery list each month to do our big monthly shop & stick to the dollar amount, there are no extras, milk & produce is bought weekly after that with the remainder. The credit card is paid off in full each month. With the credit cards...
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Re: Si, Si Senior ((50+))

AverageJoe ·
Having been disabled for nearly 20 years, I started my Medicare in 2002. It was one of the best decisions I ever made. Some I knew refused to do so and now they regret it. I'm considering a medigap policy to pay what my wife's employer and medicare don't pay. Don't know how that would work, though. I've been told it would. Having a tertiary policy is not unheard of.
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Re: Investments for Beginners

Michael Molnar ·
Dont worry abt markets up and down just put something away every month in a good Fidelity Investments or Vanguard mutual fund. General Market fund. Look at it in 40 years and you will be Happy
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Re: Investments for Beginners

Michael Molnar ·
A 1 yr CD or Treasury Bills or money mkt with a Broker aka Fidelity, No stocks
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Re: Investments for Beginners

Former Member ·
Could you put it in an IRA? Even though you're close to retirement age, you wouldn't be taking the whole amount out the day you retire - so beyond your distribution, the money in your account would still have opportunity to grow.
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Re: Si, Si Senior ((50+))

FreebiePharm ·
Not near retirement yet, but the thought scares me as I have met with financial advisors, I do not fathom how I can possibly stash away enough money for retirement....always good to start early!
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Re: How I Live On 50% Of My Net Income

Men On A Budget ·
Awesome journey! Thanks so much for sharing it with us.
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Re: How I Live On 50% Of My Net Income

FreebiePharm ·
What an interesting read. Thanks for sharing your journey!
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Re: How I Live On 50% Of My Net Income

Moore Income ·
Great to see people like yourself who are taking control of finances! March is right around the corner. I look forward to hearing more of your journey!
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Re: How I Live On 50% Of My Net Income

DottieRose ·
I have been trying to research ways to better my financial future on my own for a few years now. I'm not stupid but there is so much information out there that I'm overwhelmed. I was giving up hope and then by accident, I found PennyHoarder and your article. Your journey gives me hope that I can do this! Thank you for sharing.
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How I Live On 50% Of My Net Income

Rob Loftus ·
When I saw the light New Year’s Eve, 2017. Uninspired, broke, living paycheck to paycheck. While trying to celebrate the coming of the new year, in my very first tuxedo, and at a very nice winery, I found myself miserable. Most noteworthy, my amazing mother, who was visiting and I hadn’t seen in years due to living a few thousand miles from one another, is a VERY upbeat and positive ray of sunshine. As a result, she, AND my realization I was failing at ‘adulting’, were my catalyst for...
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Budgeting for 2019!

Rob Loftus ·
I Resolve To Budget! Everyone wants to start off the New Year right, in one form or another. One out of the top 20 most common New Year's resolutions is to start a budget. Starting a budget is a popular resolution that many have difficulty accomplishing. Keeping this resolution often requires a major reduction of people's comfort and conventional habits which is something many people don’t want to give up. However, nothing good worth doing is going to come without sacrifice. So, do you feel...
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Investments for Beginners

Suze Knisley ·
i have managed to save a chunk of money that is just sitting in the savings account. I have a 401k through work but want to put my savings to work as well as I am nearing retirement age. If you had $50k, how would you invest it?
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This week in... The Penny Hoarder Community

Ashlee ·
Happy Friday Penny Hoarders! We finally got a taste of fall weather earlier this week here in Florida. It didn’t last long, but made me think of my favorite things about this time of year. What are some of your favorite budget friendly fall activities? Growing up in the Pacific Northwest, I love apple picking and pumpkin patches. And now for this week’s announcements… Thank you again to everyone who participated in our member survey, your feedback is invaluable! Join me in giving a shout out...
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Re: This week in... The Penny Hoarder Community

Alisha James ·
Thanks for the Gift Card! It was an easy survey and I didnt even realize there was a drawing to win anything. 😂 This is a great community and I'm happy to be here!
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Re: This week in... The Penny Hoarder Community

Adam Clark ·
Hi n good bye
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Re: This week in... The Penny Hoarder Community

D Varma ·
Hi
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Re: This week in... The Penny Hoarder Community

Moore Income ·
Congrats on the win @Alisha James & @Lesley Michele !
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Re: This week in... The Penny Hoarder Community

Carol Zelma Cox ·
Thank you for the add in your community. I'm from Kenduskeag ME. I'm recently retired because of illness. My husband s income is our only income.it cost alot of money for him to add me to his health insurance, over $200. A pay period. So I'm looking for other ways to save so we can afford the insurance.
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Re: This week in... The Penny Hoarder Community

Ashlee ·
Hi @D Varma and @Adam Clark !
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Re: This week in... The Penny Hoarder Community

Ashlee ·
Hi @Carol Zelma Cox , we are so happy to have you here! Be sure to check out our Retirement and Insurance topics, you can find some really great info from your fellow Penny Hoarders there. I also suggest posting any questions you may have, this community is a great resource. Your fellow members are always willing to jump in and answer questions or share their experiences. If you have any questions, don't hesitate to reach out!
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Re: This week in... The Penny Hoarder Community

Lesley Michele ·
Thank you so much!!!
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Re: This week in... The Penny Hoarder Community

MsKimberly ·
Congratulations @Alisha James and Lesley Michele!
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Re: This week in... The Penny Hoarder Community

Lesley Michele ·
Thank you💖
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Re: This week in... The Penny Hoarder Community

KikiMami ·
Hi All, Looking to get my affairs in order money wise! Happy to be here! Thanks,
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Re: This week in... The Penny Hoarder Community

Lesley Michele ·
Welcome😃😃😃😃
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Re: This week in... The Penny Hoarder Community

MsKimberly ·
Welcome Kikimami!
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Re: This week in... The Penny Hoarder Community

AverageJoe ·
Welcome to the Penny Hoarder Community, Kikimami! We're always glad to see the community growing and people interested in learning as well as giving some advice from experience.
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Re: This week in... The Penny Hoarder Community

Monica McAfee ·
Hi Everyone I'm Monica.....married and my husband lives in a nursing home...between us we have 4 children but one who is no longer with us....and 9 grandchildren Happy to be here
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Re: This week in... The Penny Hoarder Community

Marsha Scott ·
Seems like my Social Security is getting smaller and prices are getting higher! I have to hoard pennies to survive in today's society. Medications are getting higher and medical bills get outrageous!!! I love some of your tips. Thanks for letting me in!!!
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Re: This week in... The Penny Hoarder Community

AverageJoe ·
@Monica McAfee Welcome to the Penny Hoarder Community! We're glad to have you here. We look forward to hearing more from you. I'm sorry to hear that your husband is in a nursing home. It must not be easy to have a member of the family living in a care facility. From what you say, you seem to be an "empty nester". My wife and I are the same. We never had any children. But, I bet you're a wonderful, loving grandmother to your grandchildren! Again...Welcome!
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Re: This week in... The Penny Hoarder Community

Monica McAfee ·
Thank you for the acceptance....and yes all my free time is all about my grandchildren
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Re: This week in... The Penny Hoarder Community

MsKimberly ·
@Monica McAfee Hi Monica! Welcome! I hope we can all be of help to you. Surely, you must have some great ideas, too.
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Re: This week in... The Penny Hoarder Community

AverageJoe ·
@Marsha Scott You are definitely right when you say that it's hard to get by on what Social Security pays out. I have my wife's income to depend on as well, but my SSDI is hardly helpful in maintaining everything. We both have prescriptions and need to take several supplements on top of these. We sometimes feel like we should be investing in Pharmaceutical companies! There are many ways to save on many of these medications. Many times your pharmacist will be able to assist you in finding...
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