Re: Former Accountant ** New

[Guest guest]

Speaking of accounting, this isn't the place to ask, but I do need to start

looking into it. I do have retirement coming from that 'wonderful' company I

slaved for for 20 years. If I file for retirement benefits at 65, I'll get

about $290 per month. For each year earlier, I lose 6%. Would it be

advisable to start investing it now at the lower rate or leave it alone?

Anybody an expert in this area?

Dennis in Eastexas

" It's not Rocket Surgery "

Re: [ ] Former Accountant

>

> :

[Guest guest]

So how old are you now?

On Saturday, September 9, 2006, at 05:16 PM, betnden@...

wrote:

> Speaking of accounting, this isn't the place to ask, but I do need to

> start

> looking into it. I do have retirement coming from that 'wonderful'

> company I

> slaved for for 20 years. If I file for retirement benefits at 65, I'll

> get

> about $290 per month. For each year earlier, I lose 6%. Would it be

> advisable to start investing it now at the lower rate or leave it

> alone?

> Anybody an expert in this area?

>

[Guest guest]

I did leave that little tidbit out, didn't I? I'm 62 now since April.

Dennis in Eastexas

" It's not Rocket Surgery "

Re: [ ] Former Accountant ** New

> So how old are you now?

>

> On Saturday, September 9, 2006, at 05:16 PM, betnden@...

> wrote:

>

>> Speaking of accounting, this isn't the place to ask, but I do need to

>> start

>> looking into it. I do have retirement coming from that 'wonderful'

>> company I

>> slaved for for 20 years. If I file for retirement benefits at 65, I'll

>> get

>> about $290 per month. For each year earlier, I lose 6%. Would it be

>> advisable to start investing it now at the lower rate or leave it

>> alone?

>> Anybody an expert in this area?

[Guest guest]

Dennis, if I were you, I'd try to hold out till 65. It's not long off,

the way time flies by as we get older. I have no understanding at all

about financial matters, though, so maybe someone with more knowledge

about such things can advise you.

Sue

On Saturday, September 9, 2006, at 10:16 PM, betnden@...

wrote:

> I did leave that little tidbit out, didn't I? I'm 62 now since April.

>

[Guest guest]

Dennis,

I am not an expert in financial accounting issues, but can share with a

few things I learned in my finance class that I took recently while

working for my masters. Money is rather strange in that a $1 today is

worth more than a $1 in the future. While taking my finance class we

had to learn how to find the present value and future value of money.

Banks change an interest rate when we borrow money from them as the

money we get at the time of the loan is worth more than the actual

money they get back when we send in payments. That could be one reason

that they would charge you a 6% penalty as the money you receive today

would be worth more than the money you would receive when you reach

65. Another reason could be because they invest the money and feel you

should pay back part or all of what they would lose by giving you the

money instead of investing it.

It would be possible for a financial advisor to determine which would

financially benefit you, but I'm unable to do that for you. Wish I

could. Hope this information has helped and not confused you. Like you

I am 62 and choose to start receiving my SS retirement now instead of

waiting as I really needed to get some money coming in. All outflow

and no inflow had depleted my bank account. If I can be of any

further assistance, let me know.

[Guest guest]

Foxzzzzzz (looks like you fell asleep at the keyboard = ) that's the way

I thought it would be. I just had an idea there may be a way to do better

than 1.75% interest on the small amount of money I have gathered up and the

retirement pittance. The only other idea I have is to buy an old car or 2

and sell them for a profit. It's too bad there isn't a " dot-com " type thing

going on that I could take advantage of. I want to do some substitute

teaching, but I can't get my pains under control enough to last a day. Plus,

the Sjogren's is really bad now with the already dry area and little to no

rain to help. Oh, well...

Dennis in Eastexas

" It's not Rocket Surgery "

[ ] Re: Former Accountant ** New

> Dennis,

>

> I am not an expert in financial accounting issues, but can share with a

> few things I learned in my finance class that I took recently while

> working for my masters. Money is rather strange in that a $1 today is

> worth more than a $1 in the future. While taking my finance class we

> had to learn how to find the present value and future value of money.

> Banks change an interest rate when we borrow money from them as the

> money we get at the time of the loan is worth more than the actual

> money they get back when we send in payments. That could be one reason

> that they would charge you a 6% penalty as the money you receive today

> would be worth more than the money you would receive when you reach

> 65. Another reason could be because they invest the money and feel you

> should pay back part or all of what they would lose by giving you the

> money instead of investing it.

> It would be possible for a financial advisor to determine which would

> financially benefit you, but I'm unable to do that for you. Wish I

> could. Hope this information has helped and not confused you. Like you

> I am 62 and choose to start receiving my SS retirement now instead of

> waiting as I really needed to get some money coming in. All outflow

> and no inflow had depleted my bank account. If I can be of any

> further assistance, let me know.

[Guest guest]

Dennis, you mentioning buying an old car or two and selling them

for profit made me think of my youngest brother. He buys old

houses then fixes them up and rents them out. He has every one

rented out and he moved to Arkansas and went into business (A/C)

for himself. He's the type that can't sit still.

Joyce from Texas

Re: [ ] Re: Former Accountant ** New

Foxzzzzzz (looks like you fell asleep at the keyboard = ) that's the way

I thought it would be. I just had an idea there may be a way to do better

than 1.75% interest on the small amount of money I have gathered up and the

retirement pittance. The only other idea I have is to buy an old car or 2

and sell them for a profit. It's too bad there isn't a " dot-com " type thing

going on that I could take advantage of. I want to do some substitute

teaching, but I can't get my pains under control enough to last a day. Plus,

the Sjogren's is really bad now with the already dry area and little to no

rain to help. Oh, well...

Dennis in Eastexas

" It's not Rocket Surgery "

[Guest guest]

I can't even finish my own house because of this RA, so I can't see trying

for more. So far, I haven't been able to take my race car out to the track

to see what my new modifications will do. I try to stay busy,but I don't

seem to get anywhere. Around in circles, I guess.

Dennis in Eastexas

" It's not Rocket Surgery "

Re: [ ] Re: Former Accountant ** New

>

>

> Foxzzzzzz (looks like you fell asleep at the keyboard = ) that's the

> way

> I thought it would be. I just had an idea there may be a way to do better

> than 1.75% interest on the small amount of money I have gathered up and

> the

> retirement pittance. The only other idea I have is to buy an old car or 2

> and sell them for a profit. It's too bad there isn't a " dot-com " type

> thing

> going on that I could take advantage of. I want to do some substitute

> teaching, but I can't get my pains under control enough to last a day.

> Plus,

> the Sjogren's is really bad now with the already dry area and little to no

> rain to help. Oh, well...

>

> Dennis in Eastexas

> " It's not Rocket Surgery "

[Guest guest]

I wish I had just a little of the energy my brother has and he is almost

72 years old. He doesn't have arthritis either. So it looks like you

and I are in the same boat.

Joyce from Texas

Re: [ ] Re: Former Accountant ** New

I can't even finish my own house because of this RA, so I can't see trying

for more. So far, I haven't been able to take my race car out to the track

to see what my new modifications will do. I try to stay busy,but I don't

seem to get anywhere. Around in circles, I guess.

Dennis in Eastexas

" It's not Rocket Surgery "

[Guest guest]

One time a few years ago, I decided that I would take the car to the track,

but just didn't feel like it. I thought that if I get out and load it on the

trailer, I'd feel better and it would be ok. I hooked to the trailer, drove

the car onto it and chained it down, and came back in the house and didn't

move for the rest of the day. Fatigue has increased 10 fold in the last 5

years and won't turn me loose. I think that's the biggest problem I have

now, and don't know what to do about it.

It's interesting how, as I compose a reply, I start to figure out more of my

problems, but that's what I just did.

Dennis in Eastexas

" It's not Rocket Surgery "

Re: [ ] Re: Former Accountant ** New

>

>

> I can't even finish my own house because of this RA, so I can't see trying

> for more. So far, I haven't been able to take my race car out to the track

> to see what my new modifications will do. I try to stay busy,but I don't

> seem to get anywhere. Around in circles, I guess.

>

> Dennis in Eastexas

> " It's not Rocket Surgery "

[Guest guest]

LOL....just wanted a way to show my uniqueness and how foxz I was

back before RA and fibro hit me. I've had that email address for

years. I, too, have been wanting to teach, but know that being in an

actual classromm is not a reality right now. Did apply for several

online teaching positions, but no one responded. I would so enjoy

sharing the knowledge I've gained over the years with others.

>

> Foxzzzzzz (looks like you fell asleep at the keyboard = ) that's

the way

> I thought it would be. I just had an idea there may be a way to do

better

> than 1.75% interest on the small amount of money I have gathered up

and the

> retirement pittance. The only other idea I have is to buy an old

car or 2

> and sell them for a profit. It's too bad there isn't a " dot-com "

type thing

> going on that I could take advantage of. I want to do some

substitute

> teaching, but I can't get my pains under control enough to last a

day. Plus,

> the Sjogren's is really bad now with the already dry area and

little to no

> rain to help. Oh, well...

>

> Dennis in Eastexas

> " It's not Rocket Surgery "

>

> [ ] Re: Former Accountant ** New

>

>

> > Dennis,

> >

> > I am not an expert in financial accounting issues, but can share

with a

> > few things I learned in my finance class that I took recently

while

> > working for my masters. Money is rather strange in that a $1

today is

> > worth more than a $1 in the future. While taking my finance

class we

> > had to learn how to find the present value and future value of

money.

> > Banks change an interest rate when we borrow money from them as

the

> > money we get at the time of the loan is worth more than the actual

> > money they get back when we send in payments. That could be one

reason

> > that they would charge you a 6% penalty as the money you receive

today

> > would be worth more than the money you would receive when you

reach

> > 65. Another reason could be because they invest the money and

feel you

> > should pay back part or all of what they would lose by giving you

the

> > money instead of investing it.

> > It would be possible for a financial advisor to determine which

would

> > financially benefit you, but I'm unable to do that for you. Wish

I

> > could. Hope this information has helped and not confused you.

Like you

> > I am 62 and choose to start receiving my SS retirement now

instead of

> > waiting as I really needed to get some money coming in. All

outflow

> > and no inflow had depleted my bank account. If I can be of any

> > further assistance, let me know.

>

[Guest guest]

Just a few months ago, I got ready to go to church. By the time

I got ready to go, I was so exausted that I went back to bed with

everything on but my shoes. I was really disappointed.

Joyce from Texas

Re: [ ] Re: Former Accountant ** New

One time a few years ago, I decided that I would take the car to the track,

but just didn't feel like it. I thought that if I get out and load it on the

trailer, I'd feel better and it would be ok. I hooked to the trailer, drove

the car onto it and chained it down, and came back in the house and didn't

move for the rest of the day. Fatigue has increased 10 fold in the last 5

years and won't turn me loose. I think that's the biggest problem I have

now, and don't know what to do about it.

It's interesting how, as I compose a reply, I start to figure out more of my

problems, but that's what I just did.

Dennis in Eastexas

" It's not Rocket Surgery "