Here we go!
Quote:
Explain ''fixed income"
I think we ''overplay'' the ''fixed income'' a bit.
It isn't like many seniors couldn't go back to work... they just don't want to.
Today 03:05 PM
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Explain fixed income:
Simple: that income which an individual can provide himself/herself (cognizant reflexive pronouns) into day-to-day activities to survive in that same society, or continue to exist in a norm deemed acceptable, in some semblance of societal acceptance, let alone self-respect, and deemed "worthy".
Not everyone has "benes". I'm fortunate to have some (many). No gifts ... I worked for them; in industries (plural) and including close to two years in Vietnam with the 189th Assault Helicopter Company, Army, (doorgunner in UH-1 and school-trained in Avionics)(in Vietnam, May 1967-Feb.1969, Pleiku, Central Highlands) supposedly fighting for our democracy, which is actually a republic.
I'm 75 years young and living comfortably in Moultonborough (have property/2nd home since 1974) on fixed income ... SSA ... pension ... RMD. I don't need my RMD and would rather not be required to take it out. I have more trouble figuring out what to do with my RMD.
Are you?
Bring it up again when you're my age.