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Re: Need People For Early Retirement Article
Old 02-26-2006, 08:14 PM   #21
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Re: Need People For Early Retirement Article

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The topic: with so many companies cutting back on medical insurance for retirees, what effect is this having on those who plan to/want to retire early or are being forced out early, before they are eligible for Medicare?
Companies providing medical insurance to early retirees -- this is almost too anachronistic to be a consideration for most people considering early retirement in the future. I am not yet retired, but it never affected me or my peers because such a benefit was never even a remote consideration.

I live in Silicon Valley, and I honestly do not know of any companies that my peers work for that provide such insurance or even a pension. IMO, it is a totally off the radar topic for most people considering early retirement. I might be misinterepreting the topic a little, but the big question is health insurance coverage and costs, not that so many companies are cutting back since they never offered it to begin with . . .

Health care inflation is primarily better services provided over time and higher costs due to aging (as you get older your costs go up because you are more likely to get sick and a bigger risk to your insurance company). So even if a base level of health care is only matching the CPI, that fact that better and new treatments become available and the fact that a given individual gets older during retirement incurring more costs, leads to higher costs over time for a given individual and he had better plan carefully for that. If you add in some actual medical inflation, it can get scary fast.

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Re: Need People For Early Retirement Article
Old 02-26-2006, 09:00 PM   #22
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Re: Need People For Early Retirement Article

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Originally Posted by unclemick2
heh heh heh - I kept the FEMA letter.
I hope you didnt take it with you on the cruise.

And the verdict on that sunset sailing is...?

Anyone get into your bib overalls?
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Re: Need People For Early Retirement Article
Old 02-26-2006, 09:27 PM   #23
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Re: Need People For Early Retirement Article

What I learned on da cruise - names changed to protect the guilty.

1. Leave the bib overalls in da closet.

2. Beware of 60 year old Southern blonds named Heidi with four ex husbands - er ah they have a tendancy to want to marry their affairs.

3. Do not take the kayak tour - if you are 62 and only thinking about buying one someday - next day your muscles will tell you how out of shape you really are.

4. Still can't dance worth spit.

5. Taiwan Semi Conducter (TSM) if the divdend/price dips to yield 4% - B.S. with an old Silicon Valley 50ish guy on the Sun deck. Got a slight tan and no burn - yeah!

6. The tourist traps/shops seemed similar at each of the three ports. A significant minority were buying faceted unmounted jewels - ?? - investment. Diamonds, Tanzanite and Alexandrite were promoted on the ship video channel.

heh heh heh - also gained 11 pounds - about par for seven days.
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Re: Need People For Early Retirement Article
Old 02-26-2006, 10:41 PM   #24
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Re: Need People For Early Retirement Article

Sounds like you had fun. Try the kayaking again.

And dont be bothered about 11 pounds. I gain and lose that much in one day in the summertime depending on how much water I drink
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Re: Need People For Early Retirement Article
Old 02-27-2006, 12:59 PM   #25
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Re: Need People For Early Retirement Article

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Originally Posted by unclemick2
5. Taiwan Semi Conducter (TSM) if the divdend/price dips to yield 4% - B.S. with an old Silicon Valley 50ish guy on the Sun deck.
Hmmmm. Kind of a spotty dividend record, currently at 23 cents a share, to get to a 4% dividend yield the share price would need to back off from $10 to $6 or the dividend would need to go up by 70%... yeah, I can't argue with that recommendation.
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Re: Need People For Early Retirement Article
Old 02-27-2006, 01:04 PM   #26
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Re: Need People For Early Retirement Article

With "plans on the drawing board" for 26 fabs in China, it's hard to believe anyone will make money...
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