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Post by aztec70 on Feb 23, 2011 12:58:02 GMT -8
I asked you to post your own numbers. With your own parameters, you have not. I can only assume you can not.
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Post by aztecwin on Feb 23, 2011 14:35:18 GMT -8
Show me your work. I don't think you can. If you can, you have also shown just how easy it would be to fund that kind of thing out of current revenue. That is what San Diego County, California and Wisconsin should have been doing before letting those unions take them to the cleaners. I guess you could say that I am taking you to the cleaners and I want to thank you for keeping those quarterly payments up so that the government can skim off the lions share before sending me the rest. Nice round of golf today and looking forward to watching TV this evening over a "pitcher" and some snacks. The numbers are in my original post. Anyone can go to the many financial calculators available on the internet and verify, even you. Yes, I can and I don't like the numbers. It is much better than what we have going, but do you know how complex this thing really is? You have to make a number of assumptions, but since the account is owned by the member at retirement, that part is pretty straight forward. You have to assume that vesting is only upon completion of 20 years service and that you forfeit your contributions or maybe only the governments contributions if your leave service before completing 20 years service. Since your account would be owned and will-able, it could be the basis for starting large family fortunes and still be a bargain to the taxpayer over the long run. It would cost quite a bit more each year, but the cost for each individual would stop at retirement while the present plan keeps costing the taxpayer for decades. Keep your quarterly payments up, my wife, my golf club, and others live large at your expense. It does not have to be that way. |
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