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

To: JimisJim who wrote (22028)	3/1/2015 4:35:19 PM
From: Steve Felix	1 Recommendation Recommended By JimisJim Read Replies (1) \| Respond to of 34328

I was kind of sorry it ended. I love real life situations and how they work out. Your parents have done you a huge service. My own mother refuses to look at reality in this department. I tried enough times to finally give up. I'm afraid she will have to have a health problem before we can have a serious discussion. Right now we are settled at: Her - I will stay in my own house until I can't. < what then? don't talk about it! > Me - ( I'm pretty honest with her ) Comes a point when you can't live alone, you will live at my house, until you can't remember my name. The way the house is set up, I could put two doors in one bedroom, one into what used to be the girls bathroom, and one into the extra bedroom, and she could have a living room, bath, and bedroom privately. If she is incapable of living alone I wouldn't want her having her own kitchen and burning the place down. Great planning eh?

To: JimisJim who wrote (22028)	3/3/2015 10:35:37 AM
From: Aggie	3 Recommendations Recommended By JimisJim RumbleFish Steve Felix Respond to of 34328

What a terrific board this is! To the many who have replied, thanks very much for your invaluable inputs. My own journey started as a high school student when my grand-dad, a financial executive in the Manufacturing sector, got me started investing in some Mutual Funds. Back then (70's) every decent newspaper had the stock ticker symbols listed on a daily basis, and I enjoyed poring over those as well as receiving my quarterly reports in the mail I've been investing ever since, but it's only in the past 25 years that I've been crafting plans and following strategies. I won't have a pension to look forward to per se, just the usual tax-protected accounts and my other investments - so I am already 100% responsible for my retirement and have been for the past 15+ years, a great motivator. I enjoy managing my own wealth, but as an educated technical professional, I also know the distinction between a skilled amateur and a talented pro. And that's one of my big concerns, that even though I'm engaged, learning, and actively managing things - that I might be missing a trick or two. Here's how it stacks up for me, on balance: 1. The Pro vs Amateur issue means I need to have a professional review of my plans by a Financial Planner. For me, it's not the 'do I want to cut my own lawn' analogy, I tend to think of this as more of a 'do I want to perform my own taxes' type-of-issue. I have used a CPA for years now and would never go back - they save me much more than they cost, every year. It's not a question of preferring to do something else with my time, instead. 2. Like others, I'll be picky who I take on board for this professional review, and will handle it as fee-based consultation, rather than an ongoing service. 3. For Estate Planning I will probably take a similar approach, establish Living Trusts and learn as I go, then get it reviewed by a Pro once I'm mostly done. The internet concept of availability has changed the way we structure life's tasks, and broken many of the barriers that were formerly used to protect business power and process. Now we can use this competition to our advantage to get only what we need, and not limited as consumers to what others are willing to offer. Think 'Discount vs Full-Service' Brokerage accounts. What amazing times we live in, the individual accumulation of wealth has never been so well facilitated in history. Will update the board as I progress. Good luck to all and thanks, Aggie