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Re: Lord Abbett retirement insight
Old 02-08-2007, 10:59 PM   #41
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Re: Lord Abbett retirement insight

Quote:
Originally Posted by kumquat
Here in Canada it's a lot easier. Plan on two constants:

1) Free health care (such as it is).
2) If you run out of money your kids will put you on an ice flow. It's tradition.

Why worry, be happy!
By Gar - I think we have a winner!
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Re: Lord Abbett retirement insight
Old 02-09-2007, 08:29 AM   #42
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Re: Lord Abbett retirement insight

For what its worth a recent study in the UK found that, while official CPI was about 4% the inflation rate for older retired people was about 9%. Thats because they spend a higher proportion on energy, transport, services and food. Health insurance is optional because doctors and hospitals are free - if you don't mind the wait and the standards.

Those aged under 25, living at home and spending everything on ipods, downloads, mobile phones, chinese made T shirts, jeans and trainers and junk food had DEFLATION of about -2%.

Think young - spend less
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Re: Lord Abbett retirement insight
Old 02-09-2007, 09:38 AM   #43
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Re: Lord Abbett retirement insight

The BLS did a thing called "CPI-E" or CPI for the elderly. If you google it, you'll find lots of white papers, early study work and some senior groups still pushing for it to be adopted.

The gist from the BLS white papers and released internal memorandums available seemed to say "Theres some merit to this, but we'd break the bank by giving seniors a higher social security adjustment, so...no!"

I found the piece parts of the CPI-E interesting in regards to ER's though...higher self-paid health care costs, travel, etc. Seemed to be a bit closer to an ER's life than an urban worker that rents and doesnt pay for health care.
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Re: Lord Abbett retirement insight
Old 02-09-2007, 10:05 AM   #44
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Re: Lord Abbett retirement insight

Here is a link to some CPI-E Information: http://www.aarp.org/research/socials...d132_cpie.html
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Re: Lord Abbett retirement insight
Old 02-09-2007, 10:09 AM   #45
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Re: Lord Abbett retirement insight

Additional Information ref CPI-E from BLS: http://www.bls.gov/news.release/cpi.br12396.a06.htm
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Re: Lord Abbett retirement insight
Old 02-09-2007, 10:12 AM   #46
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Re: Lord Abbett retirement insight

Good links. A nice reader friendly synopsis:

http://www.newyorkfed.org/newsevents.../rp030513.html
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Re: Lord Abbett retirement insight
Old 02-09-2007, 04:40 PM   #47
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Re: Lord Abbett retirement insight

Quote:
Originally Posted by kumquat
Here in Canada it's a lot easier. Plan on two constants:

1) Free health care (such as it is).
2) If you run out of money your kids will put you on an ice flow. It's tradition.

Why worry, be happy!
and with global warming, no ice flow fears!
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Re: Lord Abbett retirement insight
Old 02-09-2007, 04:59 PM   #48
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Re: Lord Abbett retirement insight

pssst - Wellesley, 4.33% current yield - until Peppermint Snapps/snowbank time - AND put nothing newer than the Beach Boys on the Ipod.

heh heh heh heh heh heh heh heh heh - sooo who thought the Norwegan widow was gone Not me.
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Re: Lord Abbett retirement insight
Old 02-09-2007, 05:02 PM   #49
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Re: Lord Abbett retirement insight

Quote:
Originally Posted by Cute Fuzzy Bunny
Good links. A nice reader friendly synopsis:

http://www.newyorkfed.org/newsevents.../rp030513.html
"Hobijn and Lagakos' findings also suggest an important trade-off facing policymakers: maintaining the purchasing power of seniors over time versus prolonging the solvency of the social security trust fund."

Well, Duh!

Ha

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Re: Lord Abbett retirement insight
Old 02-09-2007, 08:59 PM   #50
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Re: Lord Abbett retirement insight

...and guess which one won out...

But its interesting to see the delta between an urban worker who rents and doesnt pay for health care vs a retiree who owns their home and pays through the nose for health care, as measured using the same data and operating procedures.

IIRC, about .39% a year difference. Pretty significant over a decade or two.
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Re: Lord Abbett retirement insight
Old 02-10-2007, 08:59 PM   #51
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Re: Lord Abbett retirement insight

Back to the "ice flow". That would be a glacier.
On the other hand, an "ice floe" would be a floater.
Either would be just as cold on your ass.
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