Ten Keys to a Happy Retirement
I thought that this article posted by Rob Carrick of the Globe and Mail might be of interest to some:
How does a person save 11 times their highest earnings?
I started out at less than $6000 a year and 40 years later earned $80,000 a year.
If I spent my life living in a cardboard box, didn't eat, didn't own a car, and didn't have kids.......I don't know if I could have saved $880,000.
Advising people to do the impossible doesn't accomplish anything. It is a panacea that clouds the real issue........which is lack of workplace pensions.
In the past, employers and employees both contributed to the retirement plan. The joint contributions made it possible to acquire enough capital to derive a decent monthly pension income.
In today's world we are told we can do it alone.
The reality is we can't.
The government's support of pension schemes that won't deliver.........is pushing the problem down the road for another government to deal with.
Think government programs are expensive now? Wait until everyone starts retiring with no pension and no income.
Last edited by sags; 2012-07-11 at 03:09 AM.
A perfect example of how one-size-fits-all financial "rules" are ridiculously overgeneralized.
Originally Posted by sags
Every once in a while I get the wacky idea that I should make RRIFmetic public domain, but then I get over it.
I tried to DL the demo but it wouldn't run on my Win 7 machine, and I haven't gotten around to taking it to the basement to our old XP box. Do you have any plans to make it Win7 compatible?
There are a lot of small boutique legacy authors like me. The cost of migrating up to a new platform is just too prohibitive. For this reason, MS have provided Windows7 PRO (not Home Premium) with 'XP mode' RRIFmetic runs on W7Pro XP mode, but if you have a tame XP available, use it.
Originally Posted by Spudd
How about making a spreadsheet available for free but charging for the version with some needed features. Under Win7, Excel will run spreadsheets without active macros for free. This handles all my essential spreadsheets. For active macros, I use OpenOffice.
Originally Posted by steve41
As for saving 11 times income, I think you need to get to maximum income in your 40s then work for 20 more years to achieve it. Is that typical? I doubt it.
I played around trying to imbed the math in Excel.... pretty much impossible. Remember, RRIFmetic is a complex, nested recursion clusterf**k. Spreadsheets aren't suitable.
Originally Posted by kcowan
Try this: You should have a shortcut for the demo on your desktop, right? Right-click on it; click on Properties. Click on the "Compatibility" tab. Then check the box next to "Run this program in compatibility mode for:" Then select Windows XP. I have two options for XP :Service Pack 2 and Service Pack 3... I don't know the difference, but the default for me is SP 3. Click Okay, then try it out.
[Note, I don't have the demo myself, so no guarantees that this will work, but I've had to do this with other programs.]
Let me know if that works.
Last edited by Barwelle; 2012-07-11 at 12:25 PM.
This is not like the old familiar compatibility mode. It is a major departure. The best thing is to google "XP mode" ..... there are several good youtube walk throughs of XP mode.