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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (16482)	8/4/2013 9:38:36 PM
From: rnsmth	Read Replies (2) \| Respond to of 34328

re: OT - weekend ruminations Not so OT, IMO. Kathy would get my pension, my investments and social security. Along with her investments she would have adequate income. All of our investments are currently in dividend growth stocks or managed by others for another few months at which time they will be put into dividend growth investments.

To: Steve Felix who wrote (16482)	8/5/2013 5:47:50 PM
From: Kip S	Respond to of 34328

I'm not much of a fan of annuities, but it seems like one might be a good solution for your truck driver buddy (as Bread Upon the Water suggested), assuming your buddy has a decent life expectancy and is not concerned with leaving a "nest egg' to anyone. Low interest rates really hurt fixed annuities, which are not a great deal to begin with, IMO, but I would expect your friend, at 67, could get $500 or more a month for life out of his $100k were he to purchase an annuity. Inflation protection is often available, but it reduces the monthly payment a fair amount. If your buddy has serious health problems or other reasons he does not have a normal life expectancy, then an annuity is not such a great idea. Absenting that, it might be OK for him.

To: Steve Felix who wrote (16482)	8/5/2013 6:09:48 PM
From: Paul Senior	2 Recommendations Recommended By robert a belfer Triffin Read Replies (1) \| Respond to of 34328

re Your buddy. I'm not understanding some points here. Is it you who's concerned with his financial situation and he is too? I understand everything changed for him when his wife died. I believe death of a wife is much more difficult for a husband to cope with than the other way. Old guys do better when their wives are around to take care of them. Well, my opinion. "He says when he runs out of money for the month, he just stays home and watches TV. What a retirement." This is so bad? It's what most people do. Well, I do. Not run out of money maybe, but stay home and watch TV. What's he do when/if he has money? Lonely widower? Bar habitué? Have no facts, seems though this guy might now live the same lifestyle as people here -- live for many years in their same house drive old cars or trucks live modest lifestyle have inexpensive hobbies travel(?) mainly (?) to see kids (?) I could see where the guy would like and appreciate a little more money, and be worried about the future -- inflation, health care costs,etc. Still, for his lifestyle and given he has a house as an asset, I suspect -- hope anyway -- that he'll be okay. ===== Yes, agree, he made several significant financial mistakes (and apparently lifestyle choices) that cost him. Cost him dearly. ===== All jmo.