{"id":916,"date":"2007-01-22T09:20:08","date_gmt":"2007-01-22T16:20:08","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=916"},"modified":"2007-01-24T22:16:05","modified_gmt":"2007-01-25T05:16:05","slug":"your-retirement-a-few-questions","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/916\/your-retirement-a-few-questions\/","title":{"rendered":"Your Retirement &#8212; A Few Questions"},"content":{"rendered":"<p>For those of you over 40, take a few minutes and contemplate your retirement. Here are a few tips on how to figure out more closely what it could be.<\/p>\n<ul>\n<li>Bring into focus your current financial state. In other words, where are you now?<\/li>\n<li>Recall the last time you thought about your retirement. How much income did you want to create?<\/li>\n<li>Given your current age and retirement age, if you keep doing what you&#8217;re doing now, will that income be there?<\/li>\n<li>Is that income, after tax, enough?<\/li>\n<li>If you think you might need to modify your current approach, what would you change?<\/li>\n<li>What should you do if you feel you may have to work years after your planned retirement age?<\/li>\n<li>Do you know folks over 60, still working full time, and who may have to for the foreseeable future?<\/li>\n<\/ul>\n<p>It&#8217;s shocking to me the number of people I know personally who are at least partcially supporting their parents, and still haven&#8217;t asked themselves those questions. The average guy in his mid-late 50&#8217;s has less than $60,000 saved for retirement &#8212; usually in a 401(k) or IRA. He doesn&#8217;t owe much on his home, and figures if he can figure out how to pay it off in the next 10 years he&#8217;ll probably be ok. Between the safety of his free and clear home, Social Security, and his savings, retirement should be just fine. That brings up one more question.<\/p>\n<p>How do you feel about that?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For those of you over 40, take a few minutes and contemplate your retirement. Here are a few tips on how to figure out more closely what it could be. Bring into focus your current financial state. In other words, where are you now? Recall the last time you thought about your retirement. How much [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,5],"tags":[],"class_list":{"0":"post-916","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2463,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2463\/want-a-retirement-the-equivalent-of-house-arrest-grandpa-economics-is-your-best-bet\/","url_meta":{"origin":916,"position":0},"title":"Want A Retirement The Equivalent Of House Arrest? Grandpa Economics Is Your Best Bet","author":"Jeff Brown","date":"January 3, 2008","format":false,"excerpt":"For years I've put forth the principle of Grandpa Economics. I coined the phrase years and years ago. Stated simply -- Relying on savings + a free and clear home + Social Security will land you in the poor house not too many years after your retirement party is long\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10681,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10681\/real-estate-investing-for-retirement-2-schools-of-thought\/","url_meta":{"origin":916,"position":1},"title":"Real Estate Investing For Retirement &#8211; 2 Schools of Thought","author":"Jeff Brown","date":"December 22, 2009","format":false,"excerpt":"There surely are more than just a couple schools of thought when it comes to using real estate as a vehicle to get them to an abundant retirement. The two that almost always garner most of the attention are Buy & Hold for cash flow from Day 1, and Capital\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3203,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3203\/who-should-use-eiuls-401ks-arent-cutting-it-for-most\/","url_meta":{"origin":916,"position":2},"title":"Who Should Use EIUL&#8217;s &#8212; 401(k)&#8217;s Aren&#8217;t Cutting It For Most","author":"Jeff Brown","date":"June 3, 2008","format":false,"excerpt":"Equity Indexed Universal Life is, when simplified, investment grade insurance. It's a tool, a vehicle used by folks to create retirement income. I've written of this before, much to the chagrin of Mr. Swann. I've since put many clients into them using industry experts. Why? 'Cuz it's the right thing\u2026","rel":"","context":"In &quot;Enduring Interest&quot;","block_context":{"text":"Enduring Interest","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/enduring-interest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1104,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1104\/retire-retire-early-retire-wealthy-unthinkable\/","url_meta":{"origin":916,"position":3},"title":"Retire? Retire early? Retire wealthy? Unthinkable!","author":"Greg Swann","date":"March 2, 2007","format":false,"excerpt":"Who wants to think about retirement? I really love to work, and it seems probable that I will continue to churn away until the hardware fails. But I know that at some point I want to stop having to worry about money. I want to write books and explore ruins\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":969,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/969\/tick-tock-the-retirement-clock-is-counting-down\/","url_meta":{"origin":916,"position":4},"title":"Tick Tock &#8212; The Retirement Clock Is Counting Down","author":"Jeff Brown","date":"January 30, 2007","format":false,"excerpt":"One way or the other, the day you retire will be an emotional one. Why don't you kick back tonight after dinner, and quietly imagine your last day at work. How does it feel? Are you giddy with anticipation? Or are you tense and uneasy, filled with anxiety about your\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":750,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/750\/retirement-lifestyle-3-quick-peeks-into-your-future\/","url_meta":{"origin":916,"position":5},"title":"Retirement Lifestyle: 3 Quick Peeks Into Your Future","author":"Jeff Brown","date":"December 8, 2006","format":false,"excerpt":"I just got off the phone with a delightful lady, who has been assigned the impossible task of editing my blog. She's now reviewing what I've done so far, and her preliminary opinion is that I'm not inarticulate. I'll await her final call with as little anxiety as possible. She\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=916"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/916\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}