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Retirement: don’t have to go back to work

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You have finally succeeded! By choice or by force, you are out of the labor market and enjoying your retirement. You’re on Social Security and trying to balance your new lifestyle with your finances.

Happens a few storms, as in life. Record levels of inflation. A bear market. Threats of recession.

“Have you seen the price of gas?!” You are thinking of yourself. “My grocery bill keeps climbing! you mutter in frustration as you leave the grocery store. Even your electric bill is skyrocketing, especially if you’re a Florida Power and Light customer – what could be good for NextEra Energy (NEE) shareholders turns into a huge financial burden for millions of Floridians.

Soon you’re looking at your budget and realizing that you’ll either have to start taking more of your already very low 401(k) balance or start skipping meals. In 7 months, Social Security will grant you an increase in the cost of living. It’s really useful today.

Your retirement sucks, to put it mildly.

You are not alone, 3.2% of retirees last year have already been pushed back into the labor market, or about 1.7 million people. The Federal Reserve predicts that an additional 2.5 million people have been sent into retirement unprepared and could be pushed back into the job market.

This trend is accelerating, with more Americans than ever before unprepared for retirement, combined with record levels of inflation making it harder and harder to live on a fixed income as the months go by.

Find a job to offset the cost of living

For many, they are not returning to full-time employment. Companies are less willing to hire you, and if they are, they are certainly not willing to pay you the bonus you ordered at the end of your career. Ex-retirees typically hold part-time jobs, often earning far less than their pre-retirement income to cover their bills.

They are stuck working after celebrating not having to. I completely understand why they do this. I would go back to work too if I couldn’t afford the basic necessities of life.

You can work to avoid this tendency now. If you’re saving for retirement or in mid-retirement, there are adjustments and steps you can take.

Let me introduce you to my unique income method.

Income What now?

Let’s talk for a moment about some basic ideas.

We assign a “value” to everything, don’t we? There are several types of value that we could assign. We can call them intrinsic value and market value.

Look at your house for a second, it’s probably filled with all your memories and possessions and offers countless benefits – like keeping you dry when it rains or warm in the winter! It is its intrinsic value. The sum of all its advantages and what it is worth yours.

When I look at your house, I look at it and consider what I’m willing to pay to buy it from you. I am not burdened by your memories or your perceived benefits. I have my own reasons and motivations for potentially buying your home. This figure is its market value, the value assigned by others.

This is often why when watching shows like Pawn Stars, customers massively overprice their items. They want to get their intrinsic value when the buyer is looking to get it slightly below market value, only to resell it for a profit later.

When I look at the market, I look at it differently from others. I seek income and place a higher value on assets that pay me than on those that don’t. As such, if a stable company pays me a great dividend and others decide to sell their shares and drive the price down. I don’t follow them just because the price has gone down. Like the owner who does not sell his when its market value drops for a month or for years, I enjoy the value of the benefits that others have discounted.

My investments pay me back. This salary keeps me warm in the winter and cool in the summer.

Make your portfolio your retirement home

Many have holdings that do not pay them dividends and hope to live off the sale of their portfolio piecemeal. Instead, use this bear market to reorganize your portfolio. This requires a change of mentality and priorities.

Say goodbye to your passive index funds and say hello to individual preferred securities, CEFs and intermediary entities.

You need income now, not slow capital gains (which disappear as quickly as the market turns) with paltry dividends. So invest in investments that will provide you with income now.

By investing to generate income, you can begin to unlock your portfolio’s potential as an income generating engine for years to come.

Buying income is actually exceptionally defensive. How? Your dividends keep coming in good times and bad. So you don’t have to worry about daily market fluctuations to plan your exit. You sit back and collect dividends, reinvesting what you want to continue to increase your income stream.

Month after month, quarter after quarter, your dividends are raining down. Providing a new source of income that makes it easier to pay those bills, make it easier to get to the grocery store, and boost your budget.

We provide many free articles to the public with high income investing ideas. These are great places to start if you want to become an income investor.




Non-retirement. Flip the switch and be pushed back into the workforce. For many, having to work again is the ultimate failure of their retirement plan.

You spent decades working, so you didn’t have to in your prime, but here you are about to be forced back to work.

You have options to help you avoid this situation. Investing to earn pre-retirement income will allow you to accurately predict the income you will draw from your portfolio. For those who are retired, you will be amazed at how much extra income your portfolio can produce by investing in income instead of selling bits and pieces of your portfolio.

I don’t want anyone to have to go back to work unless you want to. For some, working is a pleasurable activity they do to keep busy – if that’s you, go for it! If you want to start a second career doing something you really love every day, welcome to my life! For those who don’t want to go back to work, income investing might be the solution you’re looking for!

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