To sell or not to sell???? Whaaaat!!!!
#16
Don:
I don't know the US system, but from a funding point of view, the target factors are 10, 12 and 15 for 65-year-olds, that is , male, female, couple.
i.e. for a male age 65, multiply the annual income by 10 to get the present value. Example: to get $1000 a month, that's 12,000 a year, and worth $120,000. If you start later, you'll get a bit more, earlier a bit (a lot?) less. and earlier means less accumulated interest as well. Those figures are somewhat independent of interest, for some reason, most of the influence being mortality. I saw some insurance company figures in the paper and they must put a heavy load on it.
David
Moderato ma non troppo
Perth & Exeter Railway Company
Esquesing & Chinguacousy Radial Railway
In model railroading, there are between six and two hundred ways of performing a given task.
Most modellers can get two of them to work.
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