A Classic Case Of Grandpa Economics Virus — Doomed Retirement
Posted @ 12:13 am - Filed under Purposeful Planning, Check This Out, Retirement, Goals
This will, by default, be a teaser for tomorrow’s post, as truth be known, I’m pooped. Still, one of the best conversations I’ve had recently, inspired a post. I spoke with a couple toay who’ve subscribed to Grandpa Economics, executing its strategy with admirable efficiency and excellence.
They’ve granted permission for me to post about them, subject to the maintenance of their anonymity. I’ll adhere easily by changing immaterial facts, including names, locations, etc.
Here’s a brief outline.
Married couple, early 40’s with kids. Wife is stay at home mom, no job. Husband earns solid income in aeronautical engineering — about $127,000 give or take.
They live in San Diego, and have for quite awhile. Besides their primary residence, they own a rental home, purchased in 2004. They own both their home and the rental free and clear of all debt. Jon has a 401(k) with a current balance of just over $150,000. It used to be much more, but the stock market has been, uh, unkind to them.
They’re very good savers, and don’t try to keep up with the Jones’s, or anyone else. They’ve begun to see what’s in store for them as it relates to their retirement, and realize they need to modify their strategy.
Tomorrow I’ll fill in the blanks, and outline what my advice will be.
Meanwhile, back at BawldGuyRanch, help yourself out, by takin’ a quick listen to the Grandpa Economics podcast. It’s cleverly listed under the heading of Podcasts, a little way down from the top of this page. NOTE: Don’t pay attention to the email given at the end of the podcast, as it’s no longer in force.
If you think a Purposeful Plan is called for to get your retirement plans back on track, click on the Contact BawldGuy thingy up top and to the right of this page. Meanwhile, I’ve expended my last calorie of the day. 
Have a good one.
This entry was posted on Wednesday, October 1st, 2008 at 12:13 am and is filed under Purposeful Planning, Check This Out, Retirement, Goals. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.