A good retirement plan

[eliteauto]

The land would still appreciate in value

[rspann]

Thinking negative never leads to good investments. How many people have land with trees and making money vs how many caught afire and burn down?. If you plant trees you also have to maintain the field and cut fire trails, clean up all overgrowth and you won't have any problems. I know a Dr. who has land in penal, Scotts rd who is a millionaire many times over from selling Mahogany among other lumber. A friend now sold some land in Brasso Venado, for $2.5 m,( which he paid $100g for years ago, )and since he bought it has sold almost the same amount in lumber. Land in the bush, can sell for a few thousands for many acres, you don't have to buy in a developed area.

[adnj]

Buy an indexed mutual fund. The average rate of return on stocks is about 10% per annum over any 10 year period.

[redmanjp]

so if guardian takes 90-95% the 1st year then i shouldnt put in a lumpsum initally?

and 90-94% of what exactly- the interest alone?

You will need to confirm with your agent if he/she is even knowledgeable enough. But from reading through the contract document it says nothing about lump sums being affected (which is good) or guaranteed rates being applied to lump sums as well (bad). The contract document explicitly states what premium is covered by the policy

The 90-95% is taken out of you actual contributions. Example
You pay $1,000/mo as your premium
they take out $900/mo and $35 service fee
they enter $65/mo as your policy contribution
End of the year cash value is $780 with 1% interest

So at the end of your first year after paying $12,000 you are left with $787.10

Send me a pm later and if I get chance I'll send you the actual numbers from my annual statements when I get home. I don't want to spread misinformation.

I sent u a PM

[Slartibartfast]

Reply sent.

Anyway, for those that interested, here are the actual numbers from my statements

I signed up in August 2012 and put $500 per month, every month, into the annuity since then. That's $6,000 per year.

Here is a summary of the TOTAL accumulative values at the end of each year
2012 - 2013: Cash Value = $1,199.28 ($4,800.72 Loss)
2013 - 2014: Cash Value = $6,860.65 ($5,139.35 Loss) $338.63 loss for the year
2014 - 2015: Cash Value = $12,364.68 ($5,635.32 Loss) $495.57 loss for the year

[redmanjp]

i bite d bullet and signed up with guardian for $500/mth- rbl tisp and sagicor had lower rates. of course i could still take an additional plan to supplement this

slarti after those first 3 years though should have a turnaround as u no longer would have those fees right?

[Cheddar]

i bite d bullet and signed up with guardian for $500/mth- rbl tisp and sagicor had lower rates. of course i could still take an additional plan to supplement this

slarti after those first 3 years though should have a turnaround as u no longer would have those fees right?

Call me on 2860890. I can quote you also on an annuity from the Maritime Financial Group. The good part is after the first three years there are no fees to pay with Maritime. All other companies have fees to pay till maturity.

[jm3]

keep your cash in your hands cold cash beats policies.

[redmanjp]

So what percentage of your income should go to retirement? I'm seeing 10-15% recommended online but for 20 yr olds, I'm almost 39 and only started 2 yrs ago as earlier post would suggest. So I'm thinking of increasing the monthly contribution. I'm aware that the compound interest only starts to really pay after a certain no of years once i start off early with a certain amount.

[RedVEVO]

i bite d bullet and signed up with guardian for $500/mth- rbl tisp and sagicor had lower rates. of course i could still take an additional plan to supplement this

slarti after those first 3 years though should have a turnaround as u no longer would have those fees right?

Call me on 2860890. I can quote you also on an annuity from the Maritime Financial Group. The good part is after the first three years there are no fees to pay with Maritime. All other companies have fees to pay till maturity.

What about Health Plans ?

[RedVEVO]

When do you plan to retire ?

How do you know you are ready ?

[zoom rader]

Desifemlove

I did that already

[MG Man]

anyone can retire at any time of your standards are low enough

[pugboy]

depends if yuh diet is kfc or channa based

[Dizzy28]

anyone can retire at any time of your standards are low enough

This is the financial version of "anything is a dildo if you have enough imagination"?

[MG Man]

anyone can retire at any time of your standards are low enough

This is the financial version of "anything is a dildo if you have enough imagination"?

essentially, yes
You could qquit your job, retire to a roadside drain and lie there till dehydration puts you to sleep

[death365]

no .... just no (unless u side hussling delivering weed)

if u have amassed more than 1,000,000 and over 50 approx 4200/ month till 70... then yeah u might be ok. ideally u need 2 mil bout 8000 ah month. Cause u sounding like u dont have a pension plan or IRUA or wokin for the public service to get a pension.

[Les Bain]

At this rate, I ready for retirement at age 231 .

[VII]

Most successful business people are actually in retired mood most of the time.

[Dizzy28]

Most successful business people are actually in retired mood most of the time.

Perspective oui...
All the successful business people that I personally know are in their businesses more than they probably should be.

[VII]

Most successful business people are actually in retired mood most of the time.

Perspective oui...
All the successful business people that I personally know are in their businesses more than they probably should be.

And come and go whenever they want..go on a random vacation etc,that's the perspective..

Even 'retired' people engage in business activities after retirement...

In other words retirement doesn't mean bed rest..it means being in charge of your activities and your time..

[Dizzy28]

Most successful business people are actually in retired mood most of the time.

Perspective oui...
All the successful business people that I personally know are in their businesses more than they probably should be.

And come and go whenever they want..go on a random vacation etc,that's the perspective..

Even 'retired' people engage in business activities after retirement...

In other words retirement doesn't mean bed rest..it means being in control of your activities..

Nope....that's what I meant by in more than they should be. They very rarely ever take leave or no more so than their workers. Maybe it speaks to a lack of a good succession planning because in two instances its companies with 70+ employees and 3+ locations nationally and in other cases its that they have turned 60 an still remain as CEO, MD.

Among my core group of friends which numbers 5 persons there are two business men, one doctor and two employed persons (me included). Apparently I take the most vacation of everyone. The two businessmen take the least leave of us all (late 30s age group). But it wouldn't represent an average scenario though.

[FrankChag]

Planting trees that should bear in time.
to answer the question tho, yes, but my wife won't let me

apparently i need to work for some reason

[VII]

Most successful business people are actually in retired mood most of the time.

Perspective oui...
All the successful business people that I personally know are in their businesses more than they probably should be.

And come and go whenever they want..go on a random vacation etc,that's the perspective..

Even 'retired' people engage in business activities after retirement...

In other words retirement doesn't mean bed rest..it means being in control of your activities..

Nope....that's what I meant by in more than they should be. They very rarely ever take leave or no more so than their workers. Maybe it speaks to a lack of a good succession planning because in two instances its companies with 70+ employees and 3+ locations nationally and in other cases its that they have turned 60 an still remain as CEO, MD.

Among my core group of friends which numbers 5 persons there are two business men, one doctor and two employed persons (me included). Apparently I take the most vacation of everyone. The two businessmen take the least leave of us all (late 30s age group). But it wouldn't represent an average scenario though.

I know all about that, it's why they are successful in the first place..but theres a whole other set that's living a retirement lifestyle which includes visiting their business places of course.. they already put in the hard work.

Sometime there are old systems that make business ownership burdensome to the owner,I know,I saw my dad married to his business 24/7 but at the same time he improved many systems and eventually his business was a machine by itself that offered him the luxury of doing whatever he chose with his time and money..

Kinda like a retirement...

Up till the day he got ill he worked,it was his birthday, he went to the bank and made a deposit and picked up a machine part by CJ Engineering..

But I couldn't help notice him in his shirts shorts and shoes touching and going his business interests and doing as he pleased for thirty years before that..

[rspann]

Man make a thread and answering with another account.

[TurboSingh12]

After two more Vennies il be broke asf

[zoom rader]

Man make a thread and answering with another account.

That's desifemlove for ya

[Picasso]

I'm retired from being a human since age 35.

[RedVEVO]

^^

Retiring is a state of mind ..

Many people refuse to work and thus are retired ..

There are peeps upstairs who are "Lord of the Land" and LIVE OFF other peoples' hard work ..

THEY call it HARD WUK !! The audacity !!

Communist countries do not tolerate these people ..

Why ?

It's useless waste of economics ..

[rspann]

Landlords live off other people's hard work? You have to be a special kind of cnut. Renting YOUR property is the same as any type of business where you offer what you have to anybody who needs it at an agreed price. You seem to have a real problem with landlords and car painters.