millsway

Pension Qualify Time

Pensions aren’t as common as they were back when my Dad was working at International Harvester. They made Farm Equipment there in Rock Island, IL. They had a Union there which my Dad was a Shop Steward for the Union. They also had a Pension and Health Care for life for Mom and Dad. Pretty good deal. I am going by what he told me I never read all the details of it.

Retirement Withdraw Plan

Many people I have talked to said one of the things they worry about is running out of money during their retirement years. I have those worries also myself. The more studies that I read about and people I talk to that withdrew 4% of their retirement funds and it worked out for them gives me a calming feeling.

August 2020 Financial and Goals Results

We are less than a month from Logan leaving for the Navy and we have been busy making sure he is ready for his move. First he goes to Navy Bootcamp in Great Lakes, IL and then off to South Carolina for his Schooling. We are getting sad more and more as we get closer to the day we have to drop him off in September.

Take Care of Your Health

We teach our boys that if they don’t take care of their health now, they could be paying for it in the future. Choices and Consequences from their actions now. It can affect their Financial Freedom plans they may have.

Protect Yourself from Scams and Fraud

We get phone calls, emails and texts daily at our house of people trying to get our information or to scam us. Everything from someone in England that died and left us 8.5 million dollars to call this number right away or the IRS will be taking you to court.

Checking Accounts and One for Home Bills, Debt and Investing

Darlene and myself have many different checking accounts from Personal Accounts to Business Accounts. We teach our boys to have separate personal checking accounts if they are married or in a relationship. Also, we suggest they set up one checking account for each of the following; Home Bills, Debt Payments, investing to other accounts if needed.

July 2020 Financial and Goals Results

Where does the time go? July flew by for our family this year. We are not fans of all this Coronavirus stuff going on. We are trying to watch less news. When we watch the news it makes it seem like the world is ending but then we leave our house and people seem to be out doing things.