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Old 03-19-2013, 04:42 AM   #41
Thinks s/he gets paid by the post
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Join Date: Sep 2010
Location: midwestern city
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I agree that NW is not as critical as cash flow. This is why I designed a month by month cash flow analysis for the next 47 years, until I reach 95 years. But I still don't know for sure what my NW is exactly. :-)
Originally Posted by warren View Post

I could fit that mold, but after getting by just fine in my ill-prepared state for almost 13 years, I am no longer embarrassed or afraid to talk about it. I figured out the big balances most people deprive themselves to attain during their working years are fine for those who earn six figure incomes, but assets are not the key to a happy retirement in my opinion, the much more critical figure is cash flow. As long as the dooms day prophets don't get to say, "I told you so" if and when the Social Security system ever does really fail, I am going to keep on enjoying a carefree life without suffering anxiety every time we take another trip.

Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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Old 03-21-2013, 12:52 AM   #42
Dryer sheet wannabe
Join Date: Jun 2012
Posts: 24
I have all my bases covered... If I happen to get an inheritance, I just buy a bigger bass boat......

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Old 03-21-2013, 03:00 AM   #43
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Originally Posted by enjoyinglife102 View Post
Whenever I see data like this, it just raises my concerns about how much social security a lot of us will see. One of the proposals which is particularly irksome to me is to set a minimum payout that everyone will receive regardless of what they paid in. SS is so incredibly skewed already to those who have contributed the least.
There's already a minimum payout. It's called Supplemental Security Income. Usually associated with the young who become disabled before earning enough SS credits. But there is also a provision that allows for those 65 and older to receive it. The current benefit is about $700 a month. If the person has a SS benefit that is less than that, SSI makes up the difference.

So anyone, disabled or not, who makes it to age 65, gets a minimum of $700 a month. Even if they never worked a day in their life.

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