SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: EL KABONG!!! who wrote (47843)3/30/2004 11:49:48 PM
From: smolejv@gmx.net  Read Replies (1) of 74559
 
Hi KC:

>>Next, the author ignores the fact that it's highly unlikely that there's $7M in available monies for each and every retiree to enjoy in his/her retirement nest egg.<< If I got the article right, that was the whole point of the author's back-of-the-envelope calculation. How much is likely to be in the nest? Far less, but is it under the subsistence level? I'd say, the answer is no for much more than just the top 10%. But how much (iow let's talk about how much water there is and not about half-full or half-empty glass)

>>People are resourceful during their retirement years. They grow vegetable gardens to supplement their retirement income. Retirement income is not just Social Security/Medicare plus savings. Many people have a defined benefit pension plan and/or a 401(k), 403(b), SEP, IRA or some other retirement vehicle like an annuity. And there's personal savings plus any equity in real estate.<<

Here's some facts:

US' personal savings rate:

textnart.de

... which is fine (duh), because living off interest is a questionable proposition, given fed funds rate and treasuries...

textnart.de

which is again fine, if J&J Doe still owe some mtg, or, in case they are mgt-free, they may have kids with families who do...

textnart.de
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News