|
|
Re: Lord Abbett retirement insight
02-08-2007, 09:59 PM
|
#41
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,298
|
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!
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
|
|
|
|
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!
|
Re: Lord Abbett retirement insight
02-09-2007, 07:29 AM
|
#42
|
Dryer sheet aficionado
Join Date: Jun 2006
Posts: 32
|
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
|
|
|
Re: Lord Abbett retirement insight
02-09-2007, 08:38 AM
|
#43
|
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
|
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.
__________________
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.
|
|
|
Re: Lord Abbett retirement insight
02-09-2007, 09:05 AM
|
#44
|
Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
|
Re: Lord Abbett retirement insight
__________________
Vietnam Veteran, CW4 USA, Retired 1979
|
|
|
Re: Lord Abbett retirement insight
02-09-2007, 09:09 AM
|
#45
|
Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
|
Re: Lord Abbett retirement insight
__________________
Vietnam Veteran, CW4 USA, Retired 1979
|
|
|
Re: Lord Abbett retirement insight
02-09-2007, 09:12 AM
|
#46
|
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
|
Re: Lord Abbett retirement insight
__________________
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.
|
|
|
Re: Lord Abbett retirement insight
02-09-2007, 03:40 PM
|
#47
|
Recycles dryer sheets
Join Date: Nov 2005
Posts: 337
|
Re: Lord Abbett retirement insight
|
|
|
Re: Lord Abbett retirement insight
02-09-2007, 03:59 PM
|
#48
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
|
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.
|
|
|
Re: Lord Abbett retirement insight
02-09-2007, 04:02 PM
|
#49
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Re: Lord Abbett retirement insight
Quote:
Originally Posted by Cute Fuzzy Bunny
|
"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
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
Re: Lord Abbett retirement insight
02-09-2007, 07:59 PM
|
#50
|
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
|
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.
__________________
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.
|
|
|
Re: Lord Abbett retirement insight
02-10-2007, 07:59 PM
|
#51
|
Recycles dryer sheets
Join Date: Dec 2006
Posts: 154
|
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.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
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
|
|
|