tag:blogger.com,1999:blog-8515247115132134144.post7608672476943444974..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: The Sarcasm Report v.96 (Musical Tribute)Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8515247115132134144.post-24757553750293617022011-04-19T13:36:33.705-07:002011-04-19T13:36:33.705-07:00dearieme,
Simply assume 8% returns like the pensi...dearieme,<br /><br />Simply assume 8% returns like the pension funds and the world is your oyster!Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-80888726824634109722011-04-19T13:31:52.388-07:002011-04-19T13:31:52.388-07:00Mr Slippery,
If a person manages to save 10x thei...Mr Slippery,<br /><br />If a person manages to save 10x their annual salary at age 60 then my guess is that they were extremely fortunate, extremely frugal, and/or they participated in one of the greatest ponzi schemes this planet has ever seen (the doubling of the S&P 500 since the bottom in 2009 and the 1980s-1990s notwithstanding).Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-19149648702073431382011-04-19T11:01:19.473-07:002011-04-19T11:01:19.473-07:00"A couple is 60 years old, each earns $100,00..."A couple is 60 years old, each earns $100,000, and they have a total retirement portfolio worth $2million." So to retire on half pay they'll need to make 5% per annum on their portfolio. In retrospect, not very demanding. In prospect, very optimistic.deariemenoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-49480389412262981862011-04-18T20:42:34.184-07:002011-04-18T20:42:34.184-07:00My income (with wife) puts us easily in the top 10...My income (with wife) puts us easily in the top 10% and there is no way we are going to retire with $2 million. Now, the NPV of our combined pensions will be high (unless they are cut back along the way), but I don't think it will reach that high. I haven't done the math. I know a lot of people that could be considered rich and maybe 3 or 4 will retire with $2 million. Most people that have to work won't accumulate that much unless wage inflation really explodes.Mr Slipperynoreply@blogger.com