- Joined
- Sep 4, 2020
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- 11,085
In addition to the normal preps for disasters, SHTF and TEOTWAWKI we include plans to prepare for just getting old and dealing with that. The remodeling project I often mention is a second rental property going to augment what we get from SSI.
Looking at the demographics the last of the Baby Boomers are leaving the work force and will be putting a load on SSI and medicare. Combine that with the national debt, taxes and inflation will go up and there is no guarantee SSI will keep up.
The rental properties will alleviate how fast we will be drawing down on our investments. So timing how well or investments withstand the test of time. The last thing I want is for The Princess to have to take a part time job 30 years after she retires to make ends meet.
So timing is taken into consideration for both TEOTWAWKI or not.
Ben
Looking at the demographics the last of the Baby Boomers are leaving the work force and will be putting a load on SSI and medicare. Combine that with the national debt, taxes and inflation will go up and there is no guarantee SSI will keep up.
The rental properties will alleviate how fast we will be drawing down on our investments. So timing how well or investments withstand the test of time. The last thing I want is for The Princess to have to take a part time job 30 years after she retires to make ends meet.
So timing is taken into consideration for both TEOTWAWKI or not.
Ben