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Anyone else looked at payout rates lately? For yucks yesterday, I looked at immediateannuities.com and the payout rate for a 59 yo male is over 7% for a SLA. I don't have any actuarial software but it looks like that quote uses about a 4% interest rate. The 4% return will be locked in via...

" Investors with classic "60/40" portfolios are facing the worst returns this year for a century, Bank of America (BofA) Global Research said in a note on Friday (Oct 14), noting that bond markets continue to see huge outflows."...

Most individuals will need long-term care (LTC) at some point as they get older. This article describes new mechanisms to fund LTC using housing wealth. This article was originally published by the Society of Actuaries...

https://www.napa-net.org/news-info/daily-news/legislation-would-temporarily-raise-dc-plan-contribution-limits "Rep. Patrick McHenry (NC), who serves as the ranking Republican on the House Financial Services Committee, introduced the Securing Additional Value for Every Retirement Saver (SAVERS)...

seems to be what will happen in 2020 in our situation, anyway in 2020, our income will consist of two modest pensions, a rental and interest/dividends - most of the interest will be generated from a municipal bond portfolio - maybe about half of our income - going forward this will likely be...

this fire thing is pretty awesome :dance:

https://www.actuary.org/sites/default/files/2019-10/LIRJC_ActuarialObservationsRetireeIncome.pdf "Actuarial observations can provide insight into the risks inherent in lifetime income planning for retirees and the methods used to possibly optimize retirees’ income. Retirement planning typically...

https://www.longevityillustrator.org/ Enjoy! "The ALI has been developed as an educational tool by the American Academy of Actuaries and the Society of Actuaries. Although the ALI has been designed to be used to estimate longevity for retirement, it may have additional applications. While the...

interesting https://www.marketwatch.com/story/only-a-minority-of-people-ages-50-to-62-work-steadily-in-jobs-with-benefits-2019-08-26?siteid=yhoof2&yptr=yahoo "We just finished a paper on how older workers use “nontraditional” jobs — that is, jobs without health and retirement benefits. In the...

https://www.bloomberg.com/news/articles/2019-08-22/nervous-retirees-with-money-to-spare-are-sitting-on-their-wealth "Many of the recovery’s biggest beneficiaries feel anxious. And financial advisers say even very rich clients often have a crippling reluctance to fully enjoy their money. "...

https://www.nytimes.com/2019/07/18/business/medicare-retire-abroad.html?utm_campaign=5c9cdc403643d400010015bb&utm_content=5d31cd446bde50000169e761&utm_medium=smarpshare&utm_source=linkedin "As the number of American retirees living overseas grows, more of them are confronting choices like Ms...

https://www.marketwatch.com/story/this-is-exactly-how-much-it-will-cost-to-retire-well-in-every-state-in-america-2019-06-19 How much do you need to retire? It depends heavily on where you live

https://www.barrons.com/articles/why-americans-dont-save-for-retirement-51557061222 "But America’s retirement crisis wasn’t created because of character flaws or personal irresponsibility. Nor can it realistically be fixed by technocratic fixes. The ugly, unspoken truth is that many people are...

https://crr.bc.edu/wp-content/uploads/2019/01/IB_19-3.pdf "The first section defines and quantifies earlier-than-planned retirement. The second section describes four potential types of shocks: health, employment, family, and financial. The third section presents the results on which shocks...

Good examples why you need a buffer in case you experience "shocks" in retirement “Explaining to your employer you have this gap in your resume because you decided to retire … I feel like you would have to come up with a really good spin on that.”...

https://www.ebri.org/pdf/briefspdf/EBRI_IB_460_Medicare.8Oct18.pdf "In 2018, a 65-year-old man needs $75,000 in savings and a 65-year-old woman needs $99,000 for a 50 percent chance of having enough to cover premiums and median prescription drug expenses in retirement. For a 90 percent chance...

"To determine where Americans exhibit the best combination of these factors, we examined the 50 states across 31 key metrics, ranging from depression rate to sports participation rate to income growth. Read on for our findings, additional insight from a panel of experts and a full description of...

anyone have a hydronic furnace? this is essentially a water heater hooked up to run hot water through a an air handler and it also supplies hot water to the house my tank started leaking and am looking at options, including replacing it with a forced air unit. thanks

Merry Christmas everyone https://www.washingtonpost.com/business/economy/i-hope-i-can-quit-working-in-a-few-years-a-preview-of-the-us-without-pensions/2017/12/22/5cc9fdf6-cf09-11e7-81bc-c55a220c8cbe_story.html?utm_term=.f0ab38e4e01d "The way major U.S. companies provide for retiring workers...

The Graying of American Debt   Liberty Street Economics "The U.S. population is aging and so are its debts. In this post, we use the New York Fed Consumer Credit Panel, which is based on Equifax credit data, to look at how debt is changing as baby boomers reach retirement age and millennials...

https://www.bloomberg.com/news/articles/2017-06-22/here-s-what-you-need-to-save-for-health-care-in-retirement "For a healthy 65-year-old couple retiring this year with a future adjusted gross annual income of less than $170,000 after adding in any tax-exempt income, projected lifetime...

https://www.metlife.com/assets/cao/institutional-retirement/MetLife-Paycheck-or-Pot-of-Gold-Study-Final4-11-17.pdf "1 in 5 individuals who took a lump sum either from a DB plan or DC plan depleted their lump sum, on average, in 5½ years." "Nearly all of those who took an annuity (96%) are...

If so, what did it cost you? short version - DW complained about the oil leak in my 74 f100 and i'm getting the engine rebuilt for $5K all in, with some decent upgrades long version - available on request

"•People at the bottom of the savings distribution are very likely to run out of money in retirement and thus are inclined to select annuities. •People at the top end of the savings distribution expect longer lifespans and can afford annuities even after leaving a financial legacy for their...

The Top Places to Travel in 2017 - Vogue Idaho!