I learned that you should never stand between a dog and a tree.
I learned that littlek has this thread.
I learned that setting up one's own retirement fund is vera vera complicated.
I learned that a 1-rupee coin fits perfectly inside an Izzy bottlecap.
LK: any retirement insights? Someone told me to look up "index funds" when picking a fund to put my stuff in....
Sorry Gravy, but I cant really help as I live in the UK and we have different laws/ regs regarding pensions.
General advice would be to look at the top ten pension providers in the U.S., and check their performance records over the past ten tears or so.
Read as much literature as possible regarding the different types of pensions out there, so that you understand how these different types of investments work, and their advantages and pitfalls. i.e. a pension that only invests in the stockmarket is putting all of your eggs in one basket, and if there is a crash just before you retire, you could face a shortfall in expected income.
It all depends on your present age, the amount you can afford to pay each month, and the age at which you plan to retire.
A rule of thumb is that for every five years that a pension is delayed from the base line of a twenty year old, the "base line" premium will have to be increased by 50% to obtain the same pension at the end.
Example:-
20 years old = $100 p.month to get "x" pension at 65
25 " " = $150 " " same amount at 65
30 " " = $200 " " " "
35 " " = $250 etc etc
( After 35 the increase "curve" gets even steeper)
So, if there are any 20 year olds out there.......start your pensions now, because it will save the pain that you will have to endure if you delay.
Look at it like a tooth cavity.....get it done at the start.....no problem.
Put it off, delay, hope it will go away, then get it done....bloody painful.
THATS CHEERED YOU ALL UP! (sorry)
In World War II, the German submarine U-120 was sunk by a malfunctioning toilet.
learning all sorts of stuff.... all about the X and Y chromosomes, the ervolution of males and females, the differences on a chromosonal level between the sexes.... on NPR's On Point.
http://www.onpointradio.org/shows/2005/03/20050322_a_main.asp
I learn lots of new things every day but increasingly they turn out to be things that;
a) I should have known
or
b) things I already knew but forgot
"Learned" today that South Pole trek-types end up having to retrain their sights as they lose ability to focus on things not very far away and not very close.
I am still trying to verify...
I learned that the scrabble dictionary accepts the word limbier.
I have learned never to go Greyhound racing again.
I had a 50 yard start and the bugger still beat me!
Alligator does NOT taste like chicken.
Tryagain wrote:<Tugs forelock and bows out>
<sneaks up behind...Tryagains behind...*PINCH*...runs away laughing, but satisfied>
That Windows sucks
That ICBC in British Columbia are a bunch of Crooks
That I have a temp of 100 and strep throat!
YAY!!!
