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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: XoFruitCake who wrote (63156)	4/23/2006 12:22:45 AM
From: Paul Senior	Read Replies (1) \| Respond to of 206113

>>Fidelity is the most advance and use the Monte Carlos Simulation which use the actual data...<< If you haven't already, you might check out ESPlanner. esplanner.com I've not purchased it and am not familiar with it, but from the little I understand, it seems where other Monte Carlo simulations tell you how long x% per year withdrawals or x% + some inflation percent withdrawals will last under various situations, ES Planner has more of a sophisticated focus on money withdrawals to maintain a living standard rather than just picking "The Number" - i.e. x% - to use. Aside: ref. "The Number": amazon.com

To: XoFruitCake who wrote (63156)	4/23/2006 1:22:17 AM
From: energyplay	Respond to of 206113

There is a new book out that discusses EXACTLY this retirement problem. The book has useful information, but it is not the best written book either. The Title is "The Number" by Lee Eisenberg. It is still in hardback. Unless you have already talked to more than 2 financial planners and done some Monte Carlo runs, it is worth getting and reading. Again, not an ideal book, but useful enough for the $22 dollars. **** Lifespan - Most of lifespan calculators you see on the web are still using 1980 census data, a few more 1990. Besides looking at the median lifespan (50%), check the top quadrile and top decile estimates (longest 10%) *** There are a bunch of long term health things that are useful to start doing, if you have not done them already. One is to get good baseline values for all blood chemistry, hormones like thyroid (which is tricky) etc. Also note there are new recomendations for target blood pressure (it's under 120/80 - more like 110/75) and cholesterol lipids and also blood glucose (100-130 used to be okay, now over 100 is "pre-diabetic") Almost all these new recomendations are "evidence based" with multiple reviewed studies to back them - solid science, not guesswork. **** By the way, there's a strong correlation between being smart and living longer. If you are smart enough to hang out in the Boom Boom Room and buy energy stocks early, you should plan on 96 minimum...or maybe 106. ************* CDC press release on life expectancy, from 2003 data - The PDF file (with the link near the top of the press release) has 46 pages of useful data. cdc.gov