Calzone
Gear Whore #1
- Local time
- 12:01 AM
- Joined
- Nov 11, 2008
- Messages
- 16,956
- Location
- The Gateway To The Hudson Highlands
"Maggie" returns from the overnight trip tonight. She remains not so impressed by the NYS tax laws as I am.
In crunching numbers it gets kinda crazy because of "present value," a term used in bonds. Recently I took a short course on bonds. Bonds are a bigger market than equities, and are not so well understood.
The idea is present value is that cash in hand is worth more than cash promised in the future. It effects the way bonds are priced, and how banks work and earn money.
So how crazy is it that somehow my "fixed" retirement income will be more than my present salary?
This is a good thing, but then the problem is that I enjoy good health and have a high probability of living past 100. So pretty much I am well prepared to live beyond the median life expectancy.
So here at work it pays for me to work to 66, but there is a slight possibility of getting laid off and a surprise early retirement. Even with an early retirement, while not ideal, not so bad, but not as good as retiring at 66. Oh-well...
On my father's side, my grandfather was a gambler who was executed in China, but my mother was an educated woman, meaning she came from an afluent Hong Kong family. I assume I have bankster blood in me from my mother's side.
Meanwhile Maggie is already retired and remains so busy that she is kinda exhasted and still stressed. She has to learn how to relax.
Kinda funny how I'm still working (not really busy), but I'm like the person that is already retired. Sometimes it pays to be a "lazy-slacker."
Meanwhile my boss will likely retire within a year's time and my 18 year old cyclotron needs an expensive overhaul. There is a lot of entertainment valve because two rather big institutions are involved and politics too. Mucho drama that I get to see get played out. Ha-ha.
Cal
In crunching numbers it gets kinda crazy because of "present value," a term used in bonds. Recently I took a short course on bonds. Bonds are a bigger market than equities, and are not so well understood.
The idea is present value is that cash in hand is worth more than cash promised in the future. It effects the way bonds are priced, and how banks work and earn money.
So how crazy is it that somehow my "fixed" retirement income will be more than my present salary?
This is a good thing, but then the problem is that I enjoy good health and have a high probability of living past 100. So pretty much I am well prepared to live beyond the median life expectancy.
So here at work it pays for me to work to 66, but there is a slight possibility of getting laid off and a surprise early retirement. Even with an early retirement, while not ideal, not so bad, but not as good as retiring at 66. Oh-well...
On my father's side, my grandfather was a gambler who was executed in China, but my mother was an educated woman, meaning she came from an afluent Hong Kong family. I assume I have bankster blood in me from my mother's side.
Meanwhile Maggie is already retired and remains so busy that she is kinda exhasted and still stressed. She has to learn how to relax.
Kinda funny how I'm still working (not really busy), but I'm like the person that is already retired. Sometimes it pays to be a "lazy-slacker."
Meanwhile my boss will likely retire within a year's time and my 18 year old cyclotron needs an expensive overhaul. There is a lot of entertainment valve because two rather big institutions are involved and politics too. Mucho drama that I get to see get played out. Ha-ha.
Cal