Message Font: Serif | Sans-Serif
No. of Recommendations: 0
for IEABarry:

I do the same thing, taking the discounted present value of my small private pension and (gulp) even my social security as bond equivalents. You have to pick a life expectancy and an interest rate to do that calculation, of course. While I'm at it, I include the conservatively estimated current value of the house I own and live in as a bond equivalent, since it pays me the equivalent of free rent. (OK, OK, I have to pay property taxes, maintenance, utilities, and insurance for the house, but I don't pay income taxes on the rental value.) The government statisticians include the rental value of owner-occupied houses as part of Gross National Product (according to my econ professor thirty years ago).


Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.