I calculated my retirement income with several assumptions in mind, as in wouldn’t be very accurate since most of my summer-earned income goes to paying for college. I used my age as 28, which will be when I complete graduate school. I put my estimated yearly income at $100,000. This is fairly average for a physicist post-grad school, if not below average. It all depends on the job, though. I put my future spouse down for $80,000 as post psychology grad school. Once again, the lower end of the average.
To compensate for inflation and a cushy retirement for retiring at age 75 until 90 (wishful thinking I know), I would need to save 4.6% of my yearly income. I extended the retirement age because I’d like to keep teaching into my old age instead of retiring early to give me something to do, as well as ease off the burden of having enough money to retire. The total I would need to save is $5,512,071; which is quite a lot, even with inflation added. Obviously investing heavily at a young age is a good idea.
Monday, March 28, 2011
Monday, March 7, 2011
Centenarian Study
Content:
The information in the Centenarian video was like seeing things that we’ve learned in class applied to the real world. The study went deep into the lives of the Centenarians and uncovered a lot about their lifestyle, diet, and relations.
Self:
I found the information found on diets of Centenarians very interesting. The oldest Centenarians had typical Southern diets, consisting of lots of vegetable and fried chicken. This could be incidental, but diet does play a huge role in one’s health.
World:
I think people who would benefit from this video series the most would be people afraid of old age, or see centenarians through a stereotyped view as incompetent or worthless. Seeing an in-depth, comprehensive analysis of their lives is definitely something that can remove past judgments in favor of a more positive outlook.
Practice:
I can use the information that I learned from the Centenarian videos to get a better outlook on growing old. Living past one hundred is an extreme example, at least for now, but it is interesting to see what people did and how they were doing in this age group.
The information in the Centenarian video was like seeing things that we’ve learned in class applied to the real world. The study went deep into the lives of the Centenarians and uncovered a lot about their lifestyle, diet, and relations.
Self:
I found the information found on diets of Centenarians very interesting. The oldest Centenarians had typical Southern diets, consisting of lots of vegetable and fried chicken. This could be incidental, but diet does play a huge role in one’s health.
World:
I think people who would benefit from this video series the most would be people afraid of old age, or see centenarians through a stereotyped view as incompetent or worthless. Seeing an in-depth, comprehensive analysis of their lives is definitely something that can remove past judgments in favor of a more positive outlook.
Practice:
I can use the information that I learned from the Centenarian videos to get a better outlook on growing old. Living past one hundred is an extreme example, at least for now, but it is interesting to see what people did and how they were doing in this age group.
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