|
|
04-08-2008, 09:58 AM
|
#61
|
Recycles dryer sheets
Join Date: Aug 2003
Posts: 481
|
Quote:
Originally Posted by Khan
Only among the jealous and spiteful.
|
LOL! I couldn't have said it better myself!
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
04-08-2008, 10:06 AM
|
#62
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Heh, sounds about right. Good one, L-man.
Now all you boomers get out there and do your patriotic duty. Heh.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
04-08-2008, 10:42 AM
|
#63
|
Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
|
It's even worse than that! My math is bad. Here are the raw numbers:
Old full price at supermarket: .69, new full price: .89,
new sale price .80, old sale price: .50
It's now .99 at the corner market.
|
|
|
04-08-2008, 11:03 AM
|
#64
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
|
Buy it by the caseload at costco. I forget the price but its about half the supermarket price.
Now if I use all my free time to find places to buy stuff cheaper, is that patriotic or not?
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
|
|
|
04-08-2008, 01:26 PM
|
#65
|
Recycles dryer sheets
Join Date: Jan 2008
Posts: 159
|
I've served my country, I've payed my taxes on time, I've voted in every election, I've served on jury duty... Haven't I done enough already.
|
|
|
04-13-2008, 03:43 PM
|
#66
|
Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
|
Quote:
Originally Posted by clifp
Professor Yarrow emailed me and said he'd respond in the next couple of days. So lets avoid burning him in effigy until he has a chance of to respond. Or at the very least make some substantive criticisms.
|
Well, a "couple of days" have come and gone. I told you he would hide. People like this have no backbone.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
|
|
|
04-13-2008, 04:06 PM
|
#67
|
Full time employment: Posting here.
Join Date: Apr 2006
Posts: 816
|
I just read the article posted. What a stupid, stupid man. Really. Having just finished the book "Perfectly Legal" by David Cay Johnston about how our tax system has been stacked against the average Joe I see no reason for anyone to be tethered to a j#b any longer than they have to. So long as you are not a burden on society, so long as your money works for you and not you working for your money what is the problem. The author of the article is an a$$.
__________________
A todos los amantes del mundo. No importa el color de su piel, la pasion es universal.
_______________
La tavola e il letto non hanno restrizioni.
_____________
Any day your on this side of the grass is a good day.
|
|
|
04-13-2008, 04:13 PM
|
#68
|
Full time employment: Posting here.
Join Date: Apr 2006
Posts: 816
|
Quote:
Originally Posted by bssc
Maybe if the government would practice LBYM, then it would not have to worry about the debt problem the author keeps referring to.
|
Can I get an Amen to that.
__________________
A todos los amantes del mundo. No importa el color de su piel, la pasion es universal.
_______________
La tavola e il letto non hanno restrizioni.
_____________
Any day your on this side of the grass is a good day.
|
|
|
04-13-2008, 04:21 PM
|
#69
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
|
Quote:
Originally Posted by retire@40
Well, a "couple of days" have come and gone. I told you he would hide. People like this have no backbone.
|
Yup, he is a no show. I hope he continues working to pay for my American hating selfishness. Athough if his research rigor as professor is at the level of the article I am not sure he is really contributing.
|
|
|
04-13-2008, 05:30 PM
|
#70
|
Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,525
|
Quote:
Originally Posted by clifp
Yup, he is a no show. I hope he continues working to pay for my American hating selfishness. Athough if his research rigor as professor is at the level of the article I am not sure he is really contributing.
|
You wish is granted....here's this week's wisdom from the professor:
washingtonpost.com - nation, world, technology and Washington area news and headlines
|
|
|
04-13-2008, 06:17 PM
|
#71
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
|
Here is the direct link
Quote:
For the good of both the nation and ourselves, we should at least be able to work as long as our shorter-lived, poorer grandparents did. In doing so, we could help reduce -- rather than increase -- the burden of debt that we pass on to future generations.
|
Arbeit macht frei", Herr Professor ... But maybe I'm too hard on the guy, after all Joseph Goebbels was a hard working important contributor to his government.
|
|
|
04-13-2008, 06:23 PM
|
#72
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
|
"For the good of both the nation and ourselves, we should at least be able to work as long as our shorter-lived, poorer grandparents did."
I have no issue at all with his call for personal sacrifice.
You go first.
__________________
Numbers is hard
|
|
|
04-13-2008, 06:30 PM
|
#73
|
Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
|
Quote:
Originally Posted by REWahoo
"For the good of both the nation and ourselves, we should at least be able to work as long as our shorter-lived, poorer grandparents did."
I have no issue at all with his call for personal sacrifice.
You go first.
|
My paternal grandfather was a farmer and died on the job at 75.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
|
|
|
04-14-2008, 07:12 AM
|
#74
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
|
Quote:
Originally Posted by clifp
" Arbeit macht frei", Herr Professor ... But maybe I'm too hard on the guy, after all Joseph Goebbels was a hard working important contributor to his government.
|
That's one of the most subtle invocations of Godwin's Law that I've ever seen, especially on this board.
Maybe we're looking at this the wrong way. The guy seems so deliriously happy in his work that perhaps we want to work there too. And together we could rescue both Medicare AND Social Security!
Either that or he's marketing his book with the "seagull" strategy-- flying in, crapping all over everyone, and landing at the bookstore to sign autographs.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
04-14-2008, 08:29 AM
|
#75
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Quote:
Originally Posted by Nords
That's one of the most subtle invocations of Godwin's Law that I've ever seen, especially on this board.
|
Almost exactly my thought. How about a little "Dulce et decorum est" to go along with it?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
04-14-2008, 09:28 AM
|
#76
|
Recycles dryer sheets
Join Date: Jan 2008
Posts: 75
|
Damn!..this article made me so mad, that I have decided to retire a whole year earlier!
|
|
|
04-14-2008, 07:30 PM
|
#77
|
Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
|
Here is the conclusion section to the primary reference cited, and entitled (can you believe this): " Working for a Good Retirement". Their positive spin for the individual is that they will have more money to spend in retirement. There is no mention, however, of the fact that some of you will have died, and those who survive will now have 1 to 5 years less to enjoy it. In addition they conveniently forget to factor in inflation when calculating the "benefit".
Quote:
"Conclusion
Previous work has shown that the economic pressures of an aging population can be relieved considerably for particular hypothetical workers if they can be encouraged to delay retirement. The choice of retirement age is the most important portfolio choice most workers will make—far exceeding in importance such issues as whether to invest their 401(k)s in stocks or bonds. Working longer increases the net output and productivity of the economy, generates additional payroll and income tax revenue, and reduces the average number of years in which people receive retirement benefits. This report extends that previous research by demonstrating for the population as a whole just how much of a difference additional years of work can make for retirement income, for closing the gap in the Social Security deficit, and for producing other taxes that can be used to support the government as a whole.
We find that people could increase their annual consumption at older ages by 5 percent if they worked one more year and by 25 percent if they worked five more years—assuming an annuity purchased at age 50. The gains from working longer would be even greater if retirees saved their additional wealth and annuitized it at retirement—a 9 percent increase in consumption from one more year of work and a 56 percent increase from five more years of work. Lower-income workers gain more from additional work than higher-income workers, but all workers gain. The Social Security earnings generated from one additional year of work are almost equal to the entire 2045 Social Security shortfall (of benefits from taxes) projected under the baseline scenario. Also, the additional Social Security taxes generated by five years of work offset more than half of the Social Security shortfall in 2045. While working an additional five years reduces the Social Security deficit, it is not enough to completely erase it. However, combining additional work with a corresponding change in the NRA means that Social Security could remain solvent beyond 2049 (the last year in the projection period). Accounting for the federal and state income taxes generated from additional work, no other changes in Social Security policy would be needed for the system to remain solvent throughout the projection period.
Interpolating between the one year and five year projections suggests that if workers would increase their work over the next 45 years roughly in proportion to their increase in life expectancy, they would likely increase payroll and income taxes by enough to wipe out almost any deficit in old age insurance payments between benefit payments and Social Security taxes currently collected.16 In this last case, we are not arguing that all those tax dollars should be devoted to Social Security, only how powerful the effect of additional work can be."
DD
|
|
|
04-14-2008, 10:07 PM
|
#78
|
Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,605
|
Quote:
Originally Posted by DblDoc
particular hypothetical workers
While working an additional five years reduces the Social Security deficit, it is not enough to completely erase it. . . means that Social Security could remain solvent beyond 2049 (the last year in the projection period).
|
So, HERE's the Problem -- those darned hypothetical workers are theoretically increasing productivity thereby making the real living and breathing workers look like slackers!
I knew this game was rigged.
What about all those other workers who have made a living at just getting by? And has anyone been counting the virtual workers
-- --
Rita
__________________
Only got A dimple, would have preferred 2!
|
|
|
04-15-2008, 11:15 AM
|
#79
|
Dryer sheet aficionado
Join Date: Aug 2007
Posts: 44
|
Seems to me the most patriotic thing to do is save and invest your money wisely so you can retire early. Certainly that keeps you from becoming a burden on society and helps to build the economy by investing in profitable enterprises that employ those who don't plan for early retirement.
|
|
|
05-04-2008, 12:32 PM
|
#80
|
Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
|
Quote:
Originally Posted by Lazarus
He is probably unable to retire early so he doesn't want anyone else to.
|
I don't know if that's true or not. But as a tenured professor, he has much more job security and vacation time, and much less stress and work demands, than the vast majority of employees. So while it's easy for him to imply that everyone ought to enjoy working, he has no credibility.
Quote:
Originally Posted by Beer man
Seems to me the most patriotic thing to do is save and invest your money wisely so you can retire early. Certainly that keeps you from becoming a burden on society and helps to build the economy by investing in profitable enterprises that employ those who don't plan for early retirement.
|
People like the good professor assume that people who have money saved up just bury it in the ground, or keep it stuffed under the mattress. The idea that it might be productively invested in the economy never occurs to them.
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|