From the Dinar Recaps Archives originally posted on 5/30/2019
4 Steps to Make Your Money Last a Lifetime
By Jane Bryant Quinn, AARP Bulletin
A simple, easy-to-use formula to make sure you never run out of cash
As a financial columnist, I get asked the same heartfelt question over and over: “How do I make sure I don’t outlive my money?” And that makes sense. Surveys confirm that the No. 1 worry among older Americans is running out of cash.
Fortunately, financial planners have come up with sound ways to prevent this. Collected here are their key rules for maintaining a livable income for life, plus case studies that show how to put these general rules into action. The goal is your peace of mind — knowing that you’re getting the most from the money you’ve saved and that you’ll always have enough.
The Magic Number
The key to long-term planning is knowing one essential number: how much money you can afford to spend annually. From there, you can adjust your expenses to fit.
You may be tempted to reverse the order — estimate your future expenses, then adjust your investment assumptions to make that spending appear possible. But that’s wishful thinking: a hope that big investment returns will rescue your budget. It leads to overspending early on, and regret later.
Instead, let’s focus on the real, guaranteed money you’ll have. There are two main sources:
Your personal savings and investments.
Your guaranteed income from other sources.
Download this worksheet to help you find your sustainable income. The key steps:
Step 1: Tally Your Guaranteed Income
The most common source is Social Security, which you may already be collecting. (If you’re not, get an estimate by calling Social Security or by opening a My Social Security account at ssa.gov.) You might also have a pension or annuity.
If you own a reliable rental property, include the amount of rent you receive after expenses.
To continue reading, please go to the original article here:
https://www.aarp.org/retirement/retirement-savings/info-2018/make-money-last-lifetime.html
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
VELOCITY OF MONEY - From Virginia Gentleman
I know I don’t have to state the obvious …GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.
As we get ready to punch it in, please remember to act like you’ve been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.
Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.) Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records!
Iraqi Dinar Breaking News: How to Prepare for a Last-Minute RV, Go Bag Essentials
Wed. 4-30-2025
The air is thick with anticipation, fueled by whispers and rumors of a potential revaluation (RV) of the Iraqi Dinar (IQD) and Vietnamese Dong (VND).
From Recaps Archive by request……..
Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.
Suggested Bank appointment for Currency EXCHANGE Instructions/Checklist
For your own records
Bank Name_________________________________________
I have________________________ IQN(Iraqi)currency
From Recaps Archives
Keep Believin' In The Unbelievable! by Dr. Dinar
Sheesh. They can put a man on the Moon. Or at least we think they can anyway.
Could've been Hollywood magicification for all we know.
Without a doubt the lighting situation was highly suspect.
But let's go ahead and give 'em the benefit of the doubt, just for the sake of discussion.
From Recaps Archive by request……..
Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.
Bank appointment for Currency EXCHANGE Instructions/Checklist
For your own records
Bank Name_________________________________________
I have________________________ IQN(Iraqi)currency
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
From Recaps Archives
Services You Get As You Get Richer
1. Housecleaning Services (Your time is worth more than the effort it takes to maintain your living space)
2. Personal Trainer (Reduces stress, improves your health)
3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)
4. Advisors in All Areas (Attorneys, tax planning, estate Planning, etc.)
(Note: This Article can apply to Lotto-Winners, A Big Inheritance and Dinarians!)
This story appears in ESPN The Magazine's Dec. 8 Big Money Issue.
HERE'S A CHALLENGE: Imagine what it feels like to be 21 years old, extremely successful, famously wealthy, wildly stressed and unbearably miserable. How, you might wonder, can all those conditions exist simultaneously?
Start here, with Cowboys All-Pro offensive tackle Tyron Smith, talking to his mother on the phone one day in 2012, his second year in the NFL, during a time of growing tension between him
"We've found a house," Frankie Pinkney told her son.
From Recaps Archives
15 Things To Do If You Get Rich All of a Sudden
In this Alux.com video we'll try to answer the following questions:
What should you do if you get rich all of a sudden?
What do to if you inherit money?
How to manage a large sum of money?
What should you do if you get rich?