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

To: Paul Senior who wrote (63181)	4/23/2006 8:23:12 PM
From: Dave	Respond to of 206334

<<<So, if social security provides a couple with $15K per year (for couples with a least one of them with decent jobs for the past 25-30 years would that be about right? (rhetorical question)-- I haven't a real good idea what the amount is) that $15K/year should pump up net worth by another $375,000. (Assuming here that an equivalent somebody with $375K withdrew 4% per year = $15K/yr.).>>> Paul Senior In our case the IRA's were mostly funded by 401K's, SEP's and whatever the state education savings plan was. This is something retirees should look into; our trust lawyer strongly recommended this. The problem with fixed pensions is the continued rise in health care premiums. My employer health premiums have increased from $10/mo to $150/mo in 11 years and show no sign of slowing down. Maybe we are lucky to still have health insurance! Both medicare and private pensions health care costs have gone up rapidly while the basic payment remains close or equal to original payment. After 11 years, thank God for BDBBR and SI. On the other hand these fixed payments are a nice cushion. State and local taxes have increased also. However, my fishing license decreased by 60% since I turned 70, so all is not bad! Dave