Are You Ready to Retire?


The real question is why we are still contributing to Social Security when we (the one who is ACTUALLY contributing) will not benefit from it. Those that will benefit from the program are those who are retired and those fortunate individuals who will be retiring very soon. If you are like me that needs to work thirty or more years, you’re on your own because by the time we retire Social Security will be broke. There will be nothing left for us to enjoy. See why I’m a little upset, okay I lied, make that pissed off?

This lead to the next important question, “How many of us have retirement investment plans?” Notice I wrote “plans” instead of plan because just having one will not bring the full enjoyment to our later years. Many of us have 401K plan and relying just on your company is not enough. So, do you have another backup? I hope you do.

The reality is that things right now just plain sucks. If you wait till your golden years to invest, then I have two words for you, good luck. I’ve seen so many older generations working at places such as CVS and McDonald just to have enough money to live on. Don’t get me wrong, I’m not bashing at their situation. I feel a bit sad because one of them could be my grandparent or worse it could be me in the future.

Besides my company 401K plan, I also opened a Roth IRA. I’m not suggesting you follow my plan because I’m not a financial professional. You need to do what is right for you.

Why did I decide on a Roth IRA? Because when it is time for me to withdraw, I don’t have to pay taxes on the withdrawal since my contribution is already taxed. Who knows what my tax bracket will be in the future? I would rather pay the tax now and enjoy it later. However, if you need a tax break now, you can opt for the Traditional IRA and down the road you can convert to a Roth IRA.

No matter what you do, it is always good to be prepared and enjoy your retirement years with comfort and luxury.

Like what Dave always says, “Go get fat money.”

Written by Leah.

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April 10, 2008 | Filed Under Investment, Ramblings, Tax | 3 Comments 

Get Money In Your Mailbox

What would you do if you found $10,000 in cash in your mailbox?

That’s what happened to an unemployed 61 year old man in Japan. One particular day he went to get his mail and found one million dollar ($10,000 US dollars) in cash from an anonymous benefactor. Along with the money was a note saying, “Please make use of this in your everyday life,” written with a black ballpoint pen.

Instead of following the advice, the jobless man turned the money over to the police.

The person who left the money in the mail box has until June 27 to claim the money or the money will belong to the unemployed man.

If you think getting one million yen in cash in the mailbox is a lot of money, this is even better. Last year, in the city of Kyoto, a 67 year old woman received an envelope containing 10 million yen ($100,650 US dollars) of cash in her mailbox.

I would not mind at all getting large sum of money in mail. Maybe I should move to Japan and see if my luck could bring me those money by mail.

What would you do if this happen to you?

Article of Interest:




April 8, 2008 | Filed Under Humorous and Odd Story | 2 Comments 

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