RobbieB
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 22, 2016
- Messages
- 8,968
Ok, here's the "income poll".
Notice the title "retirement income", that's right income by retired people. If you are still working full time this isn't for you. If you work part time for "fun or hobby" that counts so include it.
Include all of these;
1) Interest
2) Dividends
3) Income from rental real estate minus expenses
4) Social Security or equivilent
5) Pensions
6) Annuities
7) Regular draw on investments or minimums required from IRA
8) Any sort of "other income" that happens on a regular basis; ex - some people are good at poker and win regularly
And for all those with paid off mortgages, the fair rental for your home minus property taxes and "mello roos" or other such assessments if still paying and 10% for upkeep.
Do not reduce income by either federal or state income taxes.
Notice the title "retirement income", that's right income by retired people. If you are still working full time this isn't for you. If you work part time for "fun or hobby" that counts so include it.
Include all of these;
1) Interest
2) Dividends
3) Income from rental real estate minus expenses
4) Social Security or equivilent
5) Pensions
6) Annuities
7) Regular draw on investments or minimums required from IRA
8) Any sort of "other income" that happens on a regular basis; ex - some people are good at poker and win regularly
And for all those with paid off mortgages, the fair rental for your home minus property taxes and "mello roos" or other such assessments if still paying and 10% for upkeep.
Do not reduce income by either federal or state income taxes.
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