Recent content by Vincent Brannigan

Why is "annuity" dreaded? Social security and all defined benefit pensions are annuities.

Gosh its a long time ago but I actually wrote an article on this subject .Housing for Moderate Income Households. Authors.Brannigan, Vincent M.; Meeks, Carol B. Descriptors:T.Consumer Economics; Homeowners; Investment; Maintenance; Middle...

Actually you are making my point. It only cost you "much more" in rent because you don't see what you pay in opportunity costs. Think of owning a million dollar gold brick. It costs you the foregone interest on a million dollars every year. A million dollar house costs your the same thing and...

Paid off house I note that several people stress the "paid off house". A paid off house provides "imputed income' equal to the value of the rent you would have to pay or alternatively equal to the income you would receive.. But you also have the expense of taxes and repairs. The advantage...

I am a Professor Emeritus since 2007. Great job if you can get it. I still do teaching and research, for which I am paid adequately. I have colleagues and students. I love my courses. I work about 1/3 time. My department was able to hire a very fine full time faculty member into my...

We normally stay in the New Jersey Secaucus/ Meadowlands area and take the express bus into the Port authority. Holiday inn Crown plaza is particularly nice Vince

You may want to consider drawing on your funds directly and postponing social security. IIRC it goes up by 8% per year when you don't take it and acts as an inflation protected annuity Vince

Am I correct that you are a FERS retiree ? My wife is FERS and we have been looking at the retirement issues. IIRC there is a big pension hit to go at 55. Are federal attorneys exempt from the hit? FWIW I'm a law prof who just was made Prof. Emeritus after 30 years. I'm in the old state...

Certainly anyone who saves 30% of salary for 30-35 years should be able to retire at age 50-60. My plan required 7% employee contributions. Because of the peculiarities of defined benefit plans, the "value" of the employer's contribution is difficult to calculate for any given individual ...

As to the Irish Citizenship. My Grandfather was born in Ireland. My Father was born in New York, but his father had registered his birth with the Embassy. I registered myself in 1986, unfortunately after my children were born, so it does not pass to them. My wife is also an Irish...

Good Morning I'm Vince I was awarded Professor Emeritus status this year and I am exploring my options in research and teaching. I will remain active at my University teaching courses a year I but no longer have the day to day pressure to raise research money. Yes I know "Professor" is a...