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Old 07-26-2007, 10:24 AM   #21
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Sounds like you made a good decision.
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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.
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Old 07-26-2007, 12:25 PM   #22
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Quote:
Originally Posted by bpp3 View Post
Without even reading the article, I can tell it is BS -- the title contains the BS-bingo word "paradigm."
But it leverages synergy of new paradigm providing a win-win industry leading solution.
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Old 07-26-2007, 12:28 PM   #23
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But it leverages synergy of new paradigm providing a win-win industry leading solution.
ROFL!!! Love it.
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Old 07-26-2007, 12:42 PM   #24
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when I was deciding to retire I used a "buy an annuity at age 85" option. That is, I figured I didn't really need to plan income all the way to age 100 or whatever. I simply planned income to age 85, with enough assets left to buy an annuity at that point.
I think that's a pretty sound concept. Jonathan Clements recently wrote an article about a similar plan - I'll see if I can dig it up.

Challenges include the fact that at typical FIRE ages, it's a long way to age 85 so just how much to plan on sinking into that age-85 annuity is murky. I calculated it using the typical 3% inflation, 7% nest-egg return, and 70% of my starting expenses, corrected for inflation. At age 85 you get a high return on your annuity money, and it works.

If you die before, your heirs get all the left-overs but you've been able to spend a little more freely in the interim. If you make it to 85, you won't be a burden on them.
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As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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