ROSS' RULES FOR RETIREMENT

1.    Live long enough to retire.  If you don’t plan to do this, ignore the rest of these suggestions.

2.    Create a budget and follow it.

3.    Spend no more than 99 cents of every dollar you make.  If you spend 101 cents you will eventually go bankrupt.

4.    Stay out of debt—Just for a car and a house, use credit cards only when necessary, and don’t charge more than you can pay off in any given month.  “But dude, what about the latest electronic gadget and the new car I just gotta have?”  Exactly!

5.    Create a multi-legged stool on which to rest your weary bones.

A.  Participate in a 401K or IRA—Don’t touch it until you retire.

B.    Save for an emergency—This may require sacrifice of immediate desires but when the crisis arrives the stress of where the funds will come from can be lessened.

C.   Plan on some Social Security but don’t think it will be the bulk of your retirement income.

D.  Invest wisely in places where the principle is safe.

E.   Hope for a hefty inheritance but don’t bet on it.  My will is going to read:  Being of sound mind, I spent it all.

Simple rules to follow.  I've accomplished number one .  You may also but I’m sure you will ignore the rest as I and my children have done.