tag:blogger.com,1999:blog-7248423708097561253.post8090543993796844155..comments2023-11-05T04:59:20.428-06:00Comments on Bitmap's Miscellaneous: RetirementBitmaphttp://www.blogger.com/profile/08545664971977374552noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7248423708097561253.post-37623398370759536702009-05-27T12:48:31.938-05:002009-05-27T12:48:31.938-05:00Heck, you were investing. I've known a number of ...Heck, you were investing. I've known a number of guys that were 55 and just started investing. Granted, most of them had their house paid for, so as long as they could make enough for taxes they would have shelter.<br /><br />We moved our 401ks to a money market mutual fund when the stock market was just off it's high. It was a good move for the short term, but as you noted it won't keep up with inflation. With the inflation that is coming my paycheck won't keep up with it, either.<br /><br />One investment we made was to buy some working farms. We are the landlords, so to speak, and we have a rental agreement with a farmer to work the land. He pays the expenses and we split the gross from the crops. It's fairly good money for not working and it has many tax advantages, and if we want to we could lease the land to hunters for another chunk of change. There is no guarantee with this plan, either, but retirement is about hedging your bets. We have wealth invested in different things and hopefully they won't all go down at once.<br /> <br />Add this to a couple of other small business ideas we have and we hope to make it.Bitmaphttps://www.blogger.com/profile/08545664971977374552noreply@blogger.comtag:blogger.com,1999:blog-7248423708097561253.post-41377088995224942542009-05-27T12:05:18.008-05:002009-05-27T12:05:18.008-05:00I had most of our retirement funds in the stock ma...I had most of our retirement funds in the stock market. The market had been going up steadily for a long time. I was getting good returns. I didn't make risky investments, I put the money into preferred stock at financial institutions, and in good companies like Windstream. Unfortunately, before I retired and converted the investments to something more tangible, the market crashed and with it our retirement plans. It's hard to see what else I could have done in retrospect. You could put money into a CD put it wouldn't keep up with inflation. You could buy government bonds but they weren't paying enough to keep up with inflation. I could have buried the money in a jar under a tree I guess. Maybe I should have.Anonymousnoreply@blogger.com