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Retirement CASH FLOW

445 members • Free

16 contributions to Retirement CASH FLOW
2 likes • Aug 22
I retired at my full retirement age which was 66 and 4 months, because I didn't want to reduce my income to the lower limit. I know a lot of financial planners recommend retiring at 62 and taking the money now from Social Security, even if you have to not make more than 19k per year. I think they are going on the "Average" or "Mean" where a lot of people who wait until they are at full retirement age, pass away either before they reach that point or shortly after they reach that point. Those are the people who do nothing after they retire. I would love to do nothing, and I have had days were I sat at home and did nothing but that gets boring and you need to do something and be active. I think you have a great idea there of retiring at 62 and using your Self-directed ROTH IRA for growing your retirement plan and supplementing your income tax-free. It's not income. And after 58 1/2? you can withdraw money from your IRA without penalty.
AI
How many of you are using AI in your daily work life? What have you used AI for? (Chat/GPT or DeepSeek) I was a software developer in my past life and I still do software development for my company. I use AI to help me refine my code, make it more efficient, based upon the current platform I am working with so I remove outdated functions and replace them with newer more efficient code. Or maybe I need to make it faster and AI helps me to make the code faster by removing redundancies that I coded into my scripts. I have used AI to rewrite letters, emails, or documents after I wrote the initial draft. I have used AI to do research for me, rather than scroll through endless pages of Google Searches. I have used AI to write code to extract data from PDF files and put it into a spreadsheet or database. Let me hear about your progress with AI.
3 likes • Jul 23
@Tony Costa Is perplexity.AI a free tool or do you have a paid subscription? I will have to definitely check that out.
0 likes • Aug 18
I recently decided to upgrade my ChatGPT to the paid version. It's $20 a month and well worth the fee because you get better answers, no limits and have access to other GPTs to use such as writing, programming, marketing, etc. As a developer, I also have a paid CoPilot with Github to do my programming for me and review the code that I wrote and suggest improvements.
AI Prompts
We been posting on social media weekly AI Prompts to use for your business. Here is one I recently did. Try this with a single property. Weekly AI Prompt For Note Investors! #jkpaiprompts AI Prompt #4 You are a real estate comp search assistant. I will provide either: A spreadsheet/tape of properties (with at least address, city, state, zip), or A pasted list of property addresses. For each property Parse: Street Address, City, State, Zip. Use Zillow, Realtor.com, or Redfin to find 3–5 closed comps that satisfy, in this exact priority order: 1. Distance: if population > 15,000 → comps within 2–3 miles; else up to 15 miles. 2. Year Built: within 5–10 years of the subject. 3. Square Feet: within ±10–15%. 4. Beds/Baths: match as closely as possible. 5. Property Type: same type (single-family, manufactured/mobile, duplex, etc.). Strict rules Comp Address must be a reference: include a working source URL (Zillow/Realtor/Redfin). No duplicate comp addresses for the same subject (dedupe by normalized full address). Do not fabricate comps. If none found that meet constraints, return “No qualifying comps found” for that subject. Output format (long format, one comp per row) Columns: Subject_ID (unique per subject) Subject_Address, Subject_City, Subject_State, Subject_Zip Subject_Beds, Subject_Baths, Subject_YearBuilt, Subject_SqFt, Subject_PropertyType CompRank (1–5), Comp_Address, Comp_City, Comp_State, Comp_Zip Comp_Beds, Comp_Baths, Comp_YearBuilt, Comp_SqFt Distance_Miles, Sale_Price, Sale_Date Source (Zillow/Realtor/Redfin), Source_URL (use this to hyperlink the comp address) Finalize & Export (MANDATORY) Produce the final dataset in the exact columns above.
0 likes • Aug 18
How is that working out for you?
Right about now...
Exactly 20 years ago to the minute- I kicked down the fence next door to me. My wife said a few expletives Why the f&## did you do that? I told her this is my new commute. I had bought the house next door to us to fix and flip and just quit my J.O.B. Just over broke. HA! Time flys!
2 likes • Aug 15
I quit my job in 2008 and went to work on Madison full time after that.
0 likes • Aug 15
@Mike Ruscica my only regret is not having more capital to buy more assets.
I need your input
It sure seems like President Trump is pushing for interest rates to be cut dramatically by the Fed in the short term (maybe 6 months). If you could please participate in this poll and then comment on your selection that would be very helpful to all. Question: if interest rates are cut significantly which affect mortgage rates. Will...
Poll
15 members have voted
1 like • Aug 12
I don't see the Fed lowering the rate anytime soon due to the uncertainty of the markets and possible increase in inflation because of Chumps tariffs.
1-10 of 16
Kevin Cordell
3
31points to level up
@kevin-cordell-9363
Founder and CEO of Madison Management Services, LLC

Active 48d ago
Joined Dec 4, 2024
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