Forum Replies Created
-
AuthorPosts
-
patientrenter
ParticipantHatfield,
How much do you plan to spend annually when you are retired, including the cost of health care and medicine, housing and cars….. In other words, assuming you pay 100% out of your own pocket for the stuff and services you want? Let’s call that $X.
How many years after you retire are you prepared to throw in the towel and become indigent? Let’s call that Y years.
How much do you contribute to society annually now, measured by your average after-tax income, excluding investment income? Let’s call that $Z.
How much do you take from society now, measured by your annual spending, including the annual average of occasional big purchases like cars or surgeries or weddings or fees on home purchases etc…? Let’s call that $W.
Finally, how many more years are you going to work (at a full-time regular rate of pay)? Let’s call that V years.
In my calculations, you’ll need $ X times Y for your retirement, in today’s dollars.
In my calculations, you’re going to have $(Z-W) times V when you retire, in today’s dollars.
How does the math work out for you?
ParticipantHatfield,
How much do you plan to spend annually when you are retired, including the cost of health care and medicine, housing and cars….. In other words, assuming you pay 100% out of your own pocket for the stuff and services you want? Let’s call that $X.
How many years after you retire are you prepared to throw in the towel and become indigent? Let’s call that Y years.
How much do you contribute to society annually now, measured by your average after-tax income, excluding investment income? Let’s call that $Z.
How much do you take from society now, measured by your annual spending, including the annual average of occasional big purchases like cars or surgeries or weddings or fees on home purchases etc…? Let’s call that $W.
Finally, how many more years are you going to work (at a full-time regular rate of pay)? Let’s call that V years.
In my calculations, you’ll need $ X times Y for your retirement, in today’s dollars.
In my calculations, you’re going to have $(Z-W) times V when you retire, in today’s dollars.
How does the math work out for you?
ParticipantHatfield,
How much do you plan to spend annually when you are retired, including the cost of health care and medicine, housing and cars….. In other words, assuming you pay 100% out of your own pocket for the stuff and services you want? Let’s call that $X.
How many years after you retire are you prepared to throw in the towel and become indigent? Let’s call that Y years.
How much do you contribute to society annually now, measured by your average after-tax income, excluding investment income? Let’s call that $Z.
How much do you take from society now, measured by your annual spending, including the annual average of occasional big purchases like cars or surgeries or weddings or fees on home purchases etc…? Let’s call that $W.
Finally, how many more years are you going to work (at a full-time regular rate of pay)? Let’s call that V years.
In my calculations, you’ll need $ X times Y for your retirement, in today’s dollars.
In my calculations, you’re going to have $(Z-W) times V when you retire, in today’s dollars.
How does the math work out for you?
Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
Participantkewp,
I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.
Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)
FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.
Participantkewp,
I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.
Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)
FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.
Participantkewp,
I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.
Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)
FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.
Participantkewp,
I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.
Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)
FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.
Participantkewp,
I agree that population increase can support good living standards for a generation of people who didn’t save but want to retire in comfort anyway. It can continue for a very long time, maybe for several generations.
Do you see that as a sustainable solution forever? If not, is it better to deal with the solution with a lower population now, or leave a much larger problem to our descendants? (I am biased in favor of lower populations, but maybe other Piggs have a more sanguine point of view.)
FLU, I am beginning to think that baby boomers’ desire for a ‘free lunch’ retirement is at the root of the recent problems, so I don’t blame your generation at all. But I am curious what others think.
ParticipantWell, SD R, I don’t consider myself an expert on the bond market. But for what it’s worth I am rooting around tonight (and probably for another few nights) on the construction of a 7-figure personal bet on long treasury yields going up, and on a 10-figure bet for my company.
Warning: I am cautious about govt manipulation of interest rates, so I may make it a combo bet that will pay off if the dollar declines OR Treasury yields rise. Also, I will not enter any bet when rates are off their lows. And my pay-off horizon is 1-3 years.
-
AuthorPosts
