OP
JDgreen227
Super Member
You left out that I am fairly decent looking, have good table manners, am kind to stray cats, and help old ladies across the street.
Are you "lucky"if you have a secure retirement?
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You left out that I am fairly decent looking, have good table manners, am kind to stray cats, and help old ladies across the street.
lol. you have a sense of humor as well.
Capricious
Platinum Member
"..historical average of 8%/year ..."
Time for a math quiz: if you have $10,000.00 and you invest it at an average return of 25% per year, how much money will you have after (2) years?
Time for a math quiz: if you have $10,000.00 and you invest it at an average return of 25% per year, how much money will you have after (2) years?
aczlan
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newbury
Super Star Member
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$858.716,10 ? did you swap the decimal point and a comma?
My situation exactly. We also retired a LOT earlier than we wanted to. Had a fun job. SWMBO had 2 strokes and the last one laid her out near death and potential vegetable status. Happily with her determination (I did mention MUST BE OBEYED) she recovered almost fully. But we both would have worked several years more and had a much MORE secure retirement. Still had a kid in college and had not reached our "peak" savings mode. Often it's the last few years with max income and min expenses that one can bank the most. And after the second stroke SWMBO used all of her sick leave, which was about a years or so worth.
Just like I think it was "luck" that I avoided the stock market crash, it was "luck" (bad) that we retired early.
The coffee at Micky D's is the only reason I darken their door.
$1 a cup and free refills, and It's Dam Fine Joe...
45 days and counting, Retirement has been a Looooong time a coming!
Nuff Said.
Back to squabbling, y'all
OP
JDgreen227
Super Member
Murphy1244 says you get a high score by going highly into debt...well, I have only had one credit card in the last ten years and the most money I ever owed was a home equity loan for $70,000 that was used to remodel and enlarge my primary residence. Other than that, no credit debt, no car loans, signature loans, etc. Not sure if that would qualify as going highly into debt or not.
aczlan
Good Morning
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- Kubota L3830GST, B7500HST, BX2660. Formerly: Case 480F LL, David Brown 880UE
We pay off the credit cards each month, no other debt and we had a credit score in the low to mid 800s last time I looked.
Aaron Z
Egon
Epic Contributor
Invested at 25% probably none to less!
vtsnowedin
Elite Member
None to less? Is that the opposite of "To infinity and beyond" :dance1:
Capricious
Platinum Member
The answer is $10,000.00, or the same amount you started with.
If you start with $10,000.00 and it gains 100% the first year, at the end of the first year you have $20,000.00
If it loses 50% the second year, your $20,000.00 becomes $10,000.00, leaving you with the same amount you started with.
100% gain and 50% loss is an average gain of 25% over the 2 year period.
"There are three kinds of lies: lies, damned lies and statistics."
(Samuel Clemens, AKA Mark Twain)
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