I was in a hurry to leave this morning and I should not have even looked in. But I did. And when I saw those words "recession proof retirement income" I was off and running. And I was almost late for my appointment. And it was for my hair so it was extremely important.
Anyway, it was not the $81,000+ income that surprised me. Like all of you said, there are many ways to arrive at that. And my guess is that included in that calculation are a lot of two pension households.
But the words "recession proof retirement income" I just did not get.
Quote:
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Originally Posted by TomW
I'm guessing that "recession proof income" was a reference to pensions and social security payments that don't vary with the condition of the larger economy. Obviously those with investment income MAY be more sensitive to the macro economy. Again, I'm only guessing at the writer's reference.
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TomW, I think you are right. The writer must be referring to "the check is in the mail until the day you die" retirement income. And he may also mean that retirees can't lose jobs to a recession.
But there I was, thinking that "recession proof retirement income" sounds like it never loses buying power.
Darn. I was so hoping there was some secret, some nuance, to recession proofing income that I had somehow missed.
Oh, and my little snit about my Stim. Sell Research and how there will be no check for me -- That was about unearned income not qualifying in a lot of circumstances. I am irrelevant to that political play. I did not like the whole thing anyway. But I am way more worried about unearned income from investments and what will happen after 2010. I grow weary of hearing about those tax cuts for the rich. I'm not rich. Just trying to make some income on investments and not be devoured by taxes. (Uh oh. Sorry.
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So anyway, I have my question answered. It was not the answer I wanted. But I believe it is the answer. My definition is just different from the writer's definition of "recession proof retirement income." By my definition, there is no such thing. Income that can buffer recession? Maybe.
Boomer