At age 69 how much net worth should I have to provide inome of $120,00 a year?
408018
Please see my response to the same question.  If it is only $ 12,000 then $ 150,000. for more information please see my answer to your other question.  Good luck.
475220
Talk to a licensed insurance agent in your state - or more than one.  The 276/mo for you is a decent rate depending upon your health and your state.  Take a look at your overall financial situation then ask if you have enough resources to retire or if you need to continue to work and for how long.\n\nGood Luck\nNote:  This is not a solicitation for sale of any insurance.
808839
I think you are rich, when you have enough money so as to have the option of never having to work again.\n\nFor most reasonable people, I think that amount is $2 to $3million.  At 4% return, that is $80k to $120k a year of earning to live on.  Enough for most not to have to work anymore unless by choice.
1114633
become a congressman (woman), after six years you can retire with pension plus you can vote for your own raises every two years. 168k a year is not bad.
911177
Well, at 55 she must have at least some assets right? \nYou don't need millions or even a million to retire. Speak to a financial planner.\n\nAnyway, would an old millionaire playboy type want to marry a 55 year old woman?
249624
My Father gets 1,200 a month and I think that is the Maximum, He retired at 70 years old though and worked since he was 15. I think he paid into it long enough, don't you?
407700
you can be any age, but you need EARNED INCOME. Can't be interest income or dividend income used for the contribution.
654119
Depending on where you live, some cities have moneys available, up to $25,000.00 per job to help create new jobs.  So if there were 4 of you, plus an accountant, attorney.  You could qualify for up to $150,000.00.  However you would have to keep your corporate headquarters in that city.  The city would get it's money back from income taxes from the employees.  Also check with your local economic development agency, as well as with your local SCORE agency, some of those retired individuals would be willing to help.
624870
Buy a diversified series of mutual funds. Make sure you hit all the assets classes, like Large cap stocks, small/mid cap stocks, international stocks, emerging markets stocks, government debt, corporate debt, hi-yield debt, foreign debt, emerging markets debt, real estate, commodities, and precious metals. That's 12 categories right there, so with $1000, you're talking about $83 each. Why not spring for an extra 200 bucks, and start each off with $100 even?\n\nThen sit back and rebalance each year, back to your original percentages. This is called asset allocation. The thinking being, what's BEEN hot is more than likely not going to STAY hot.\n\nThis sort of portfolio should average 8-12% per year, so jsut split the difference and say 10%. Will it do 10% EVERY year? Of course not. I'd be surprised if it ever did EXACTLY 10%. That's an annual average. With that average, your money should double roughly every 7 years.\nSo, if you're starting with $2,000 or so like you said in the question, then in 7 years you should have about $4,000\nin 14 years you should have about $8,000\nin 21 years you should have about $16,000\nin 28 years you should have about $32,000\nin 35 years you should have about $64,000\nin 42 years you should have about $128,000\nin 49 years you should have about $256,000\nin 56 years you should have about $512,000\nin 63 years you should have about $1,024,000\nin 70 years you should have about $2,048,000!\n\n\nOf course, if you keep adding money in, say $100 a month, you'll become a millionaire MUCH sooner. The key is discipline, and sticking in when markets are up OR down. Don't try to time the market--you'll NEVER get it right.\n\nOh, and if you qualify, and do this all in a Roth IRA? Then every penny will be 100% TAX-FREE. That's a deal that's too good to pass up. That's why I tell all my under-30 clients--if you make under $90,000, and therefore qualify to do a Roth, you'd be a fool not to. Just having the power of youth (and therefore time) on your side is such an advantage, to squander it would be such a waste!\n\nHope this helps!\n--J.
456645
Dependancy isn't age limited.... Its income limited.  I think that its 3,000 or 6,000 dollars.  If the person that you want to put as a dependant makes under that and you can prove that they lived with you for at least half the year and you provided for them, Then you can claim them regardless of their age.
110070
Wow, I am 37 too!  I have $60,000 dollars in my 401K account. Congratgulation, you have more than I do.  You should be proud of yourself and I really mean it.  \n\nGood saving, keep it up, James!
46973
sounds a bit illegal.  what is your gender, how old are you, and what do you mean by enough money?
149341
I think the key here is that you 'want' a change, but you 'need' at least 55k. It sounds like you need to stay put, unless you can demonstrate that you are worth more in a brand new profession than you are in your profession of 15 years.
607672
Hi! It depends on the company you work for, but I'd say if you are really good you can expect a salary around the 60.000 or more depending on your gereat awesome skills! Bye!
93990
You can give someone $11,000 a year, tax free.\nYou can give someone as much as you want this year, and it has no effect on this year's taxes.  If over $11k, the different is deducted off your estate tax limit.  This only comes into play when you die, and if you are worth a couple million.\n\nYou can give your kid $11k.  Your wife can give your kid $11k.  $22k a year, nothing to the IRS.
4641
yup, unless you're 59 and a half, then you will have to pay the full tax on the money taken out of your 401k plan, which means if you are working right now, you are in your income earning years, hence your tax bracket should be higher, maybe even to the next level depending on how much you take out of your 401k, since that would be counted as regular income.  and the IRS (uncle sam calls it a penalty, but I like to call it a tip) would also be needing that tip from you, a 10% tip for every buck you want to take out.  so, if you take 20,000 out, that would be more like 14,400 if your bracket is in the 28% range minus $2000 for that tip i would telling you about, which leaves you 12,400 for taking out 20,000.  not really worth it huh
971847
Maybe, depending on how high you want to live.    \n\n3 million in 29 years is roughly equivalent to $750,000 now.   You can pretty safely withdraw 4% per year forever or about $30,000 per year in today's dollars. If you are SS age you get another $15,000 or so for a total, in today's dollars, of $45,000 per year, increasing with inflation, forever. \n\nIs this enough for you?