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Strategies & Market Trends : Retirement - Now what? -- Ignore unavailable to you. Want to Upgrade?

To: SAM who wrote (52)	11/1/2004 10:13:31 PM
From: Nazbuster	Read Replies (2) \| Respond to of 288

Sam, you need to do a simple exercise: Go through a year's worth of checkbook stubs, credit card bills, etc. and build a spreadsheet of where you spent money. Find out EXACTLY what you're spending now. Once that's done, you need to determine if you plan to continue all those expenses and where you can cut if you must. Every individual is different as to both their needs and resources. It's not rocket science to figure your income needs and look to see if you have the capital to support them. Don't forget to factor in periodic expenses like a new roof for the home, medical bills in excess of insurance coverage, etc.. I recently went through this exercise and was SHOCKED at how much I was ACTUALLY spending... twice what my instincts told me. Now I'm looking at where I can cut. That, in fact, is what motivated me to start this thread. I'm looking for ways to take my capital and make it produce more without undue risk to the capital itself. Unlike many, I'm in relatively good shape in that I have no debt, am mostly healthy, and have liquid assets that ought to be able to provide a decent retirement if I could get them to produce a decent return. I'm just so negative on the future of the stock market and our economy, I'm a deer in the headlights and don't know where to invest!