Comments | jagged_xtc: I'm gonna die...

jagged_xtc

I'm gonna die...

Oct 17, 2005 14:05

Retirony: Dying around the age of retirement (from The Simpsons)

I sorta experienced my own oddly predicted retirony last weekend. There was a meme I took on here, or myspace, or okstupid, or somewhere, which provided me with a projected date of death given various factors, e.g., family history, lifestyle choices, where you live, etcetera. In ( Read more... )

work, money, sons, health

Comments 4

kaitmoon October 18 2005, 14:07:43 UTC

just so ya know, Social Security does give cost of living allowences every year or so, so you'll prolly get more than that. But yeah, you should retire sooner :D

nyarlethotep October 18 2005, 19:42:25 UTC

If your serious about it I would talk to a finacial advisor about making some long term low risk invesments. If nothing else it is a VERY achievable goal to open an insurance account that has a 1% floor and 17% ceiling that stands a real chance of making your house payment evey month. Without rent to worry about 2k goes a bit farther. I am currently trying to find a good financial advisor in Oly- if I do you want me to give you their number? I am looking for one that teaches a (free) class detailing what they can do if you would be interested.

jagged_xtc October 18 2005, 20:28:58 UTC

I really don't know what you're talking about...an "insurance account"...? I would like to hear more, it sounds intruiguing, but then I'm also quite the skeptic on anything where you make money too easy, just don't believe it.

So, yeah, tell me more.

nyarlethotep October 18 2005, 20:49:50 UTC

I am not a financial planner- so I can not explain it as well as they could. What it involves is putting a lump sum of money (normally at least 20k) in the insurance account. First of all that means you only pay taxes on it once (when you get the income say from a refi or the lottery) but because it is an insurance account it function as a true tax free shelter. Now you recieve annual interest payment on that money with a minimum (floor) of 1%. Meaning you always make something. It normally has a maximum (ceiling) of 16-17%. Anything over that amount goes directly to the insurance carrier (that is part how they make their money) and where interest rates sit depend on which company it stands with(some involve the LIBOR some are NASDAQ or Dow Jones etc) and how their stock is doing ( ... )