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Stupid Financial Math
 
Here's a quote from a USnews.com retirement advice article featured on Yahoo:

"A 55-year-old earning $80,000 a year could accumulate $444,610 by age 65 if he or she tucked away 27.5 percent of pay each year, according to recent T. Rowe Price calculations. The estimate assumes a 3 percent annual raise, a 3 percent employer 401(k) match, and 8 percent compounded annual returns."

What's the average salary of 55-year-olds? What's the average salary of 55-year-olds seeking to save for retirement? Maybe then you can get to that $80k salary number.

3% employer 401k match - this is probably high compared to what most people get. And most probably don't receive a match at all. (Granted, the article probably isn't meant for self-employed carpenters, but it just sounds so pretentious.)

8% annual returns?! Really? What planet are you on? What year is it for you? How on earth is that an honest or reasonable assumption to make?
01 Sep 2010
Mark 
Ubaldo
 
On June 12 when I publicly hoped that Ubaldo Jimenez would get to 30 wins, he was 12-1 with a 1.16 ERA.

On July 20th, when I wondered about my jinxing ability, he was 15-1 with a 2.38 ERA.

Today, on August 30th, he is 17-5 with a 2.71 ERA. Good luck getting to 20 wins!
30 Aug 2010
Mark 
Non-Apology
 
Classic non-apology from Lori Berenson, convicted of aiding terrorists in Peru.

"If my coming to Peru has meant harm to the country, I am sorry and I regret it."

And: "If my participation, although secondary, contributed to violence in society, I am deeply sorry and I regret it."

IF?!
16 Aug 2010
Mark 
Federal Pay
 
USA Today article on government salaries and benefits. It shows the average federal compensation being much higher than the private sector's average. What to me is more disturbing is the comparison between federal and private compensation growth.
11 Aug 2010
Mark 
Front Page
 
ESPN widgets are a major FAIL, so I changed the front page so we'd have room for two videos instead of a video and an ESPN widget.

Now if we'd only update them every once in awhile!
30 Jul 2010
Mark 
Eat This, Not That
 
I'm a fan of David Zinczenko's articles on Yahoo!. Here's the latest. They're about foods you might like and the terrifying ingredients they contain. Well-written, well-researched, etc., etc. In other words, they're the opposite of anything ever posted on this site! : )
21 Jul 2010
Mark 
Retraction
 
Interesting case of people making brash decisions on (obviously) limited information. Article Link. The agriculture department asked for a resignation over some comments that a person made 24 years ago while in a different job. The evidence was from a video clip of the woman speaking, and no one apparently first tried to contact the farmers affected by her "racism".

Sorry for not providing more detail - I'm being lazy (just like everyone who reacted first and asked questions later).
21 Jul 2010
Mark 
Ubaldo
 
Since making the Ubaldo post, he's had 3 no-decisions (none before that point in the season), and his ERA has gone from 1.16 to 2.38.

Should I now hope he doesn't win another game this season to get him back on track?
20 Jul 2010
Mark 
Super Savers
 
An article on families that know how to save money. The theme, in my opinion, is really: "make a ton of money so you have the ability to save by either 1) owning your own (already successful) business, or 2) having both parents work. It would also help to have just 1 or no kids."

Although I love to pick on articles like these, there are actually some principles of saving that work no matter your income.
20 Jul 2010
Mark 
Ubaldo
 
Would love to see Ubaldo Jimenez get to 30 wins this year. Of course, that'd take a miracle.
12 Jun 2010
Mark 

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