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View Poll Results: Mortgage or Investments
No mortgage pay 350k for house 33 50.77%
Mortgage with money in investments 32 49.23%
Voters: 65. You may not vote on this poll

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Old Yesterday, 04:24 PM
 
Location: SoCal
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Quote:
Originally Posted by TuborgP View Post
One of the nice things for us is we get four checks a month on three different days
Thatís nice, thatís why I like to convert some of my husbandís retirement money into annuity.
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Old Yesterday, 04:28 PM
 
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we just go to the atm and take money whenever we want ... we get about 6k or so a month in interest from the bond portion of our portfolio .
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Old Yesterday, 04:36 PM
 
Location: SoCal
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Quote:
Originally Posted by mathjak107 View Post
we just go to the atm and take money whenever we want ... we get about 6k or so a month in interest from the bond portion of our portfolio .
When you’re in your 90s, that’s even hard. I still need to fill out some form to get $50 back per month from my health insurance company. It’s been 7 months now. Not sure I will get to it soon or not.
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Old Yesterday, 04:39 PM
 
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Quote:
Originally Posted by NewbieHere View Post
When you’re in your 90s, that’s even hard. I still need to fill out some form to get $50 back per month from my health insurance company. It’s been 7 months now. Not sure I will get to it soon or not.
when the day comes going across the street to the bank gets to much for me i will get a butler lol

in the mean time you still got go to the bank and cash an annuity check .
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Old Yesterday, 04:41 PM
 
Location: SoCal
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Quote:
Originally Posted by mathjak107 View Post
when the day comes going across the street to the bank gets to much for me i will get a butler lol

in the mean time you still got go to the bank and cash an annuity check .
Direct deposit. Iíve never cashed anything.
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Old Yesterday, 04:43 PM
 
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Quote:
Originally Posted by NewbieHere View Post
Direct deposit. Iíve never cashed anything.
well how do you get the money out to spend ?
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Old Yesterday, 04:46 PM
 
29,883 posts, read 34,936,573 times
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Quote:
Originally Posted by NewbieHere View Post
Iím comparing mine to my brotherís, he stayed there 25 years and already taking his pension, I believe he gets $5000 a month, thatís like $60,000 a year. I get about $12,000 a year. I was offered the job with his company, but I turned it down years ago. But comparing to my sisterís I came out ahead, she gets like $500 a month at 65, so about $6,000 a year.
There you go. Now if your brother is married to his female counterpart and she also has a 60k pension that gives them 120k in combined pension income. If they each have say 30k in SS income not unreasonable with that pension benefit. They are now at 180k to start with. Assume a reasonable 2% COLA the first year and that is an additional $3,600. Assume it is a compounding COLA and is 2% for five successive years compounded.

Drum roll their 180k initial income is now $198,735 after five years. Imagine if the COLA is higher.
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Old Yesterday, 04:46 PM
 
Location: SoCal
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Originally Posted by mathjak107 View Post
well how do you get the money out to spend ?
Paying bills online. I use credit cards.
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Old Yesterday, 04:48 PM
 
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Quote:
Originally Posted by NewbieHere View Post
Paying bills online. I use credit cards.
Well you must be getting cash from somewhere .. I know my bank does not deliver.

We charge everything we can but cash is still something we go through too
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Old Yesterday, 04:49 PM
 
29,883 posts, read 34,936,573 times
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Quote:
Originally Posted by mathjak107 View Post
well how do you get the money out to spend ?
Probably online banking and credit cards. Every few months or when traveling get multiple hundreds out from ATM for cash purposes
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