Sunday, June 24, 2007

Minutes from 24JUN2007

HOW MUCH TO SAVE

How much is a personal decision.



75-80% of your salary according to Mike, Vere has heard 40%

Merck has a good match-75cent to the dollar. Don't count on the pension.



Don't count on SS, pension, etc. This are personal opinions.



Bonds are safe, a company must pay back bonds before paying stocks.



HEALTH INSURANCE

fidelity.com

Medical inflation rate is difficult to determine-default 6%

270,000 saved for healthcare in today's dollars.

PA has $200,000 asset limit for nursing homes-if you turn everything over with a minimum of $200K in assets, you can stay at the nursing home until you die.


ANNUITIES

questions about dividends, tax rate, how do they figure out how long you will live-do you have any say about it, fees are about the same as the inflation rate.


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