03-07-2015, 09:03 PM

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.

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.

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.