<p>What does run the equivalent of 10 miles mean?</p>
<p>I spend two hours a day on an elliptical…easier on the joints than running…</p>
<p>I looked at three funds in my 401K plan. They ranged from 0.50 to 1.00 percent. Is that bad? Doesn’t seem bad to me. I know that some of the funds in our 401K had much higher fees in the past. BTW, I have $0 in my 401K - but there is a linked brokerage account where I invest and trade in common stocks and ETFs and my commissions are $7 or $8 which I’m fine with. But I realize that our 401K plan has a fantastic setup with a Fidelity option that gives employees incredible options.</p>
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<p>Well, five miles or ten, the percentage of people that put in that kind of mileage, walking or running isn’t huge (my guess, I haven’t checked stats on this but I do watch percentages that are overweight and obese).</p>
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<p>Maybe she’s making so much that she feels that she doesn’t have to worry about it.</p>
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<p>A lot of the stuff that you do to get a Phd is boring. But you get someone that can do a lot of the un-fun stuff along with some fun stuff when you hire a Phd.</p>
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<p>I missed them. Maybe I have to go over it again. You mean the single-parent lady?</p>
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<p>Maybe you live longer with a clean conscience.</p>
<p>That’s a good idea.</p>
<p>I didn’t even think that they were fat. I guess they dress well for their size or I’m used to fat meaning bulging-fat.</p>
<p>My daughter is not that interested in money. She likes math, probability, puzzles, etc…
She is close to becoming an actuary. She supposedly has the hardest test left. She is not that motivated right now. She is too busy too study…she likes to have fun. Lol</p>
<p>Yeah there is that single woman on the show, but there is a couple also…I think they had 80,000 or something…</p>
<p>I liked your Bogle statement. He probably does sleep well.</p>
<p>I think that young adults really enjoying their work is a special thing. Is it really work? I could find my son a job where I work making quite a bit more but it wouldn’t be anywhere near as much fun for him. Money isn’t everything. At least at that age.</p>
<p>Absolutely…</p>
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<p>One of my funds has an expense ratio 0.05%. I consider anything above 0.5% high. What is the chance the fund will beat by 0.5%?</p>
<p>[PolitiFact</a> | Medicare and Social Security: What you paid compared with what you get](<a href=“http://www.politifact.com/truth-o-meter/article/2013/feb/01/medicare-and-social-security-what-you-paid-what-yo/]PolitiFact”>PolitiFact | Medicare and Social Security: What you paid compared with what you get)</p>
<p>[Social</a> Security: CNBC Explains](<a href=“Social Security: CNBC Explains”>Social Security: CNBC Explains)</p>
<p>I think this is important for all of us to understand-</p>
<p>Meanwhile, forty-eight percent of Americans would be below the poverty line if they didn’t receive a monthly Social Security check, according to government statistics.</p>
<p>BCEagle said “I think that young adults really enjoying their work is a special thing.”</p>
<p>I love watching our 26 yr old son and his crew, who we’ve known since babyhood, grow into their adult selves. Our son teaches and is a performing musician, his friends are computer analysts, a lawyer, an artist/jewelry maker, doctor, auto marketing rep, aspiring FBI agent, etc.
The diversity is really cool to see. They are all immersed and loving their choices.</p>
<p>Just jumping in and I would be the first to say that I’m not that financially savvy, but maybe most people have not saved much because they take so much out of our paychecks for SS and medicare. Many are not left with much of a living wage. For SS to be considered an asset rather than a tax, wouldn’t a return on investment have to be guaranteed? I pay a lot into SS, I really would like to have that money back at retirement.</p>
<p>Savvy or not many people have made plans using ss/medicare as an important part of the entire financial component. Since they have been forced to contribute to these plans any changes should be phased in and not hit those already receiving the benefit or really close.</p>
<p>I am 55 so beyond an all out ss is gone people my age should be able to adjust to whatever changes are implemented since we have 7+ years. Although I do understand if a 55 year old mason or roofer would see it differently.</p>
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<p>One-third more!</p>
<p>Social security and Medicare are not assets they are part of a ponzi scheme built on the backs of younger generations. As population growth slows, the scheme will fold. </p>
<p>This imbalance is why it was so wrong for there to have been a payroll tax reduction. Benefits did not drop but the amount of money paid into the system did.</p>
<p>I would be happy just getting back what I paid into it. I also don’t think SS benefits should go to anyone but those who have paid for it.</p>
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<p>There’s a lot of doom and gloom out there about young adults but I think that there are huge numbers that are doing fine. We don’t often get good news articles on young adults enjoying their lives.</p>
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<p>I don’t think that it’s reasonable to use a 2% return from 1980 until today. The average annual return of the S&P 500 from 1980 is 35% (1512-120)*100/120/33.</p>
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<p>There are people that live in other countries that save significant money while making a fraction of what people in the US make. When I got married, I had five times her income but she had five times my savings. There are, of course, those for who this sort of thing is very difficult but there are a lot of people that make things work out using various living arrangements, maximizing savings at the expense of time or relying on help and cooperation from others.</p>
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<p>It is an asset in that it is an obligation from someone else to you. A mortgage is an asset to a financial company. It represents a stream of payments along with some risk. I have a MacBook Pro and it’s an asset. I paid about $3,000 for it and today it’s probably worth about $500. I don’t expect a financial return from it. I have had some amount of enjoyment and it’s helped me lose 75 pounds and I’ve generated income with it but I don’t expect a return. I have some tennis racquets that are assets but I don’t expect a return from them.</p>
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<p>Social Security is really a transfer of wealth system. Some people make out well and some don’t. Any of us could die tomorrow and lose what we put in (ignoring spouse stuff).</p>
<p>“I don’t think that it’s reasonable to use a 2% return from 1980 until today. The average annual return of the S&P 500 from 1980 is 35% (1512-120)*100/120/33.”</p>
<p>We can argue about what is reasonable.</p>
<p>It is a two percent return above inflation.</p>
<p>Your s&p calculation is not right. I don’t know what you did there, but you should be using compounding interest or compounding returns.</p>
<p>The base year chosen makes a little difference also…</p>
<p>This idea that SS is not an asset…
I think that people who receive SS will disagree.</p>
<p>Razorsharp, I don’t think you are wealthy enough. You are going to need SS and medicare. I have friends that are multi millionaires who are receiving SS and medicare. They trash these programs and trash these programs, but they are happy with the checks. Lol</p>
<p>I didn’t see that they’re using a compounding approach but not including the effects of a massive secular bull market is unfair.</p>