Chief Executive Douche at AIG Says "Work Till Your Dead, Suckas!"

tomwilhelm · Jun 11, 2012

JohnR said: ↑

Good question.
Click to expand...

http://www.ssa.gov/oact/NOTES/ran5/an2004-5.html

Basically, it really really really depends. Prepare for big charts and about 200 different "answers" depending on demographic and situation.

Political Calculations has a tool if you want to do specific number crunching:

http://politicalcalculations.blogspot.com/2007/01/approximating-social-securitys-rate-of.html

puttputtfc · Jun 11, 2012

Thanks for the link tom. I could play on that site for hours.

NGV · Jun 12, 2012

JohnR said: ↑

Who is to say that stock returns will be positive a long time period?
Click to expand...

Good question.

Consider the Nikkei 225 - down since 1983, and down over 75% (!) since 1989. If that kind of thing can happen in the second-largest developed country economy, seems like it could happen anywhere.

JohnR · Jun 18, 2012

I had to follow up this one. I talked to my mother-in-law. She wanted to volunteer at the local hospital. They wouldn't take her. I asked why. She said that the hospital used to take senior volunteers, but several of them screwed up so badly that the hospital won't do that any more.

She tried to volunteer at a retirement home. Same answer, same reason. She tried to volunteer at a third place. It didn't take seniors either.

Companies won't take the seniors on the books for free. Never mind pay them. So if this is your retirement plan, I sincerely suggest that you look for Plan B.

Cascarino's Pizzeria · Jun 21, 2012

In other CEO news, UBS tells Chairman of the Americas to cool it with his love-fest for Obama:

One of the biggest banks in the world wants the president’s favorite banker muzzled.

The banker, Robert Wolf, a top UBS executive in New York, is among President Obama’s leading fund-raisers, building more than $500,000 for his re-election so far this year.

A regular presence at big campaign fund-raisers, Mr. Wolf, who is 50, golfs and vacations with Mr. Obama and is known for e-mailing friends photos of himself with the president.

While such a close relationship might have been envied by other bankers in 2008, when much of Wall Street was infatuated with Mr. Obama and donated heavily to his presidential bid, it has been making other UBS executives uneasy of late.

The president’s relationship with financial executives has been decidedly chilly after some critical comments about bankers and the administration’s push on financial regulation.

With media reports pointing out that one of the bank’s top executives is also one of the Obama campaign’s top bundlers — a word that one UBS executive said “makes people’s hair stand on end” inside the bank — the Swiss banking giant has decided to take an unusual step.

The bank’s powerful group executive board in Zurich recently presented Mr. Wolf with an edict directing him to report all his media inquiries to the firm’s press office. Since then, most of the requests to speak to Mr. Wolf have been rejected, according to people briefed on the situation, resulting in a much dimmer limelight for Mr. Wolf.

http://dealbook.nytimes.com/2012/06/20/bosses-rein-in-banker-who-golfs-with-obama/?hp