^ LOL!I tried. I give up. Maybe someone else can get through. Maybe not.
Good luck.
^ LOL!
You don't always have to be right, and try to make people think the way you, want them to think.
Only if they can't make/get insulin, in which case they do starve.
I was talking about people who are malnourished. Can anyone become diabetic with 1000 cal/day?
They used to say that diabetes is a rich man's disease. As mentioned earlier, developing countries are now seeing a rise in diabetes. But look at the people. They have been gaining weight. From eating lots of carb, most likely.
....Yup acts just like a fixed income investment except you can't sell the asset. Can't pass it on in your will, it's just yours and if you die tomorrow, so will your pension.
Actually, that's not true. Many pensions are assignable. Some have a limited percentage assignable; others do not.
My DH took a 100% assignable pension. This lowers his monthly pension by about 11%. But it means if he dies, I get that same amount for the rest of my lifetime. I cannot assign to anyone else, however.
However if I die first, he can assign it to anyone else he wishes. And he can choose whether to NOT assign it again (thereby receiving the "full amount"), or do a 50% assignable or a 100% assignable.
Therefore, it all depends on how the pension contracts are negotiated. We know other people in different unions where their pension is only 50% assignable, maximum.
My [very, very tiny] pension from a long-ago private employer (one of the big insurance companies) was assignable as well.
Yes, but what is a "10 Year Certain and Life Annuity." The monthly payment on this option is less than the Single Life Annuity and less than the 100% Joint and Survivor Annuity. It doesn't make sense. Or does it mean it's paid regardless of life or death?I did not know a pension could be assigned, whatever that means.
What I know is that at the commencement of a pension payout, the recipient has to select various options, including having the spouse to continue receiving payments after the principal has died. The continuing benefit could be 0, 50%, or 100%. And they need to know the age of the spouse in order to do actuarial calculations to know how much to offer. Once the contract is signed, it absolutely cannot be changed.
They certainly will not let you change the beneficiary, to someone younger for example.
Yes, but what is a "10 Year Certain and Life Annuity." The monthly payment on this option is less than the Single Life Annuity and less than the 100% Joint and Survivor Annuity. It doesn't make sense. Or does it mean it's paid regardless of life or death?
I did not know a pension could be assigned, whatever that means.
it means I can give/sell you my future pension payments - generally illegal unless you get divorced, then the former spouse can get part or all of it
But your life expectancy is different than mine. And if a pension is calculated based on the recipient's life expectancy, how can that be changed?
You discover you are about to die after drawing a pension for 20 years, so you transfer it to your younger brother? That's why they cannot let the contract be changed afterwards.
Diabetes type 2 is a disease of diet - high carbohydrate intake.
However, believe it or not, obesity is a problem today in countries with insufficient food intake/malnourishment. Seriously messed up metabolisms I assume from childhood malnutrition. https://www.pri.org/stories/2012-11-22/africa-obesity-new-starvation
Do you mean when you have to start RMD is when the numbers plummeted and disheartening?I have included lump sum amounts in net worth calculations in the past. It is quite disheartening to see that number plummet once the payments start! So it definitely feels better to include the NPV, even if it's only *really* useful for asset allocation decisions.
I have included lump sum amounts in net worth calculations in the past. It is quite disheartening to see that number plummet once the payments start! So it definitely feels better to include the NPV, even if it's only *really* useful for asset allocation decisions.
Do you mean when you have to start RMD is when the numbers plummeted and disheartening?
There was a thread about wealth going down when people start taking out for RMD. The consensus was that a portfolio still grows if reinvested back into the market from the RMD.
Thanks
I did not know how much I received from dividends and interest until now.
... I did not know how much I received from dividends and interest until now.
You mean you didn't report them on your tax return?
I am entitled to a pension at a reduced amount starting next January at age 50.
I will not begin collecting it then . I have in the past come up with a crude way to figure out the pensions worth depending on what it pays out. I do not include this to my net worth. I don't feel there is a reason to do that .
It's just for my information only and it's not a big deal to me. But what I do is figure out what amount would pay out the pension amount at 3.5%. The 3.5 % payout is just a number I made up. Again, this is no big deal to me but I have played around with the numbers just for fun.