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Personal Finance and Investing

PoindexterOglethorpe

(25,929 posts)

7. Just common sense.

Reply to question everything (Original post)

Sun Oct 27, 2019, 02:58 PM

Oct 2019

It's how I've been thinking about my money for some years now.

I'm 71, and my income sources are:
Social Security
two annuities
a very small pension
what I take from my savings/investments.

The first three cover my basic expenses. The last takes care of various luxuries and things like travel.

I also have a long term care policy that's paid up, and even if I actually use up all of its benefit, there will still be a death benefit. Plus I have another decent life insurance policy.

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9 replies

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Highlight:

How to think about retirment [View all] question everything Oct 2019 OP

Not included, is the reduction of expenses when you get old. 3Hotdogs Oct 2019 #1

Part of the same story suggested that the biggest expenses of households heading by someone question everything Oct 2019 #2

Fidelity: a couple will need $280,000 just for health care. Does not include long-term care progree Oct 2019 #3

Does this include premium for supplemental insurance? question everything Oct 2019 #4

Does this include premium for supplemental insurance? - yes. progree Oct 2019 #5

If you mean can Health Savings Accounts be used to pay for healthcare premiums... progree Oct 2019 #6

Just common sense. PoindexterOglethorpe Oct 2019 #7

If you earn income from investments your nest egg ought to grow even as you cash in some each year BSdetect Jan 2020 #8

I often look at my money and think, PoindexterOglethorpe Jan 2020 #9