Day: November 29, 2020

Can We Afford to Retire on Just $65K a Year?

Dear Penny,

I am disabled and my husband is our wage earner. We are both near age 70. We receive Social Security and some monthly pension payments that aren’t terribly large. 

With his current income, we bring in about $99,000 before taxes. Without his income, we would bring in about $65,000 a year. We have a mortgage of $1,310 per month, plus a lease car payment and one credit card we are working to pay off. We need to account for monthly living expenses as well. 

We do have some retirement funds we will need to start taking in the next few years, but we are trying to hold off on that if possible. Those funds are not substantial — maybe around $160,000. We are not in a position to move, and I just don’t see a way for us to have my husband retire. 

I am so anxious about this and need some guidance. Can you help?


Dear P.,

I get that it’s scary when you think about your income falling by a third. But with retirement, there’s only so much control you have. Sure, you can plan to work forever, but few of us will actually be able to do so.

You need to accept that your husband’s retirement is inevitable, though hopefully you’ll have some flexibility

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6 Quick Ways To Make Money Without Spending A Dime

6 min read

Opinions expressed by Entrepreneur contributors are their own.

All of us want to make more . However, we have been led to believe you have to spend money to make money. Or we’ve been told to be successful, we have to be the hardest worker in the room. The truth is, making money isn’t as time consuming or expensive as it’s made out to be. The issue is, there aren’t any sources that show the various ways you can make money quick with no risks.

These 6 strategies offer fast ways to start making money and do not require any monetary investment. These ideas are all actionable, take no more than 1 hour a day, and can be monetized within one month.

1) Dropship on eBay

Dropshipping has taken the world by storm recently and it’s no surprise why. Dropshipping is when the retailer (you) does not keep goods in stock. Instead, you transfer the customers’ orders to a manufacturer. They then fulfill the order and ship the item to the customer. By design, this method leaves you with a low-risk business model because you run an inventory-free business. 

There are costs associated with traditional dropshipping as you need to pay monthly for an eCommerce platform like Shopify. You may also end

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