The Four Star Investor » create

Step #5 – Retirement Preparedness Checklist: Create Enough Cash Flow to Cover Retirement Expenses

Sun, 07 Aug 2011 18:38:25 +0000

www.kimsnider.com Whatever your expenses in retirement, you must have enough cash flow, from sources other than your job, to cover those expenses indefinitely into the future. For the average 65 year old, non-smoking couple, that means an average of thirty years. There are three main sources of cash flow in retirement Social Security, pensions and investment income. While many view Social Security as the primary source of retirement income, we recommend to our clients that they wait until age 70 to begin taking Social Security. We view it not as a source of retirement income but as a source of longevity insurance. The first step, in creating the cash flow you will need in retirement, is to know how much cash flow you will need. This mean putting together a personal income statement (Step #1) and projecting forward the expenses. Then begin adding up the sources of cash flow you will have. Subtract the total from your projected expenses. The remainder, if any, will have to come from investment income. The next step is to determine the assets required to generate the needed investment income with, if possible, an almost zero chance of outliving those assets. Many financial planners use a 4% withdrawal rule of thumb that gives you a 95% chance that you will outlive your assets. But that is a 5% chance you will end up old, broke and at the mercy of others. Even a 5% chance of running out of money is too high. When evaluating probabilities, you don’t just look at the odds but …

Raise Money – Create A Business Plan

Sat, 23 Apr 2011 18:39:05 +0000

Watch this video and comment now: capitalmatchpoint.com Hosted by Ken Honeyman, The Capital MatchPoint, capitalmatchpoint.com You know you need to write a business plan, so let’s talk about actually writing it. Here are the guts of a great business plan. I’ve got ten points here that I’d really like you to follow and pay close attention to. Number one, decide why you’re writing the plan. Are you raising money? Probably. Are you clarifying your future? Certainly. Launching a new venture? Figure it out quickly. Number two, get the big picture. Prepare an outline then visit The Capital Match Points online resource library. There’s over 750 sites dedicated to this alone. Number three, grab everything that’s already handy. Consider marketing pieces, press releases, anything that you think is important. Websites, notes that you’ve accumulated over time. Number four, this is so important, just start. Start typing thoughts, ideas, questions, words, and to-dos in each section of your business plan and place your thoughts in the most appropriate section. Number five, prepare a rough draft. Take your brainstormed ideas and shape them into a useable draft. Six, hey, now it’s research time. Compile information and research to support your claims and assertions. Number seven, start thinking about your numbers. Very important. At this point, you can make assumptions and develop a form of financial statement. If you start any sooner your numbers will be fantasy. Number eight, write a …

Car Companies Create, Retain Jobs With New Cars

Fri, 29 Oct 2010 18:41:22 +0000

Car Companies Create, Retain Jobs With New Cars
Both GM and Chrysler are investing millions to build new cars.

Hackers Create 57,000 Malicious Pages Each Week

Sun, 12 Sep 2010 18:43:21 +0000

Hackers Create 57,000 Malicious Pages Each Week
Hackers create 57,000 new web pages every week in a bid to infect web users with malicious software, says PandaLabs. Malware – Web page – Windows – Spyware – Personal computer

2 Companies Expand, Create New Jobs

Tue, 02 Mar 2010 20:04:12 +0000

2 Companies Expand, Create New Jobs
Two Richmond, Ind., companies have announced expansions that will create nearly 30 new full-time jobs and a combined investment of $1.6 million.

Why should people be wary of taking investment advice and what has been done to create more confidence in fina?

Fri, 05 Feb 2010 19:49:02 +0000

ancial advisors? (thats the complete question) Please help me if you can, I want detailed answers not just simple, stupid answers. Please make sure they have some depth in what they say and mean.