pnuts34 said:

I was going to say his ceiling seems to be Denard Robinson

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CMic said:

You guys realize that you’re giving long term financial planning advice to a bunch of 50+ yo people?

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heisman said:

Here is actually the best way to do it. Take out government loans for the education costs. No payments and the government pays the interest for 5 years. Post graduation, you pay it all off with the pot of gold at the end of the rainbow….

View attachment 90008

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CMic said:

You guys realize that you’re giving long term financial planning advice to a bunch of 50+ yo people?

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pnuts34 said:

I was going to say his ceiling seems to be Denard Robinson

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Jaxbuck said:

You have a lot of assumptions at work here to fit your argument and the fact that you need to get this cute with numbers to even still not be able to defend your position that this is all because people are stupid and lazy should tell you something.

First, the deductions for health insurance are in no way shape or form a proxy for the real increase in cost of healthcare. That insults the intelligence to even try. Again, you are ignoring the expense of it and how much that has outpaced wage growth.

Second, putting 20 a week into a 529 plan is no where near enough to pay for college "in full" by the time they are 18-19. That is patently false.
20x 52 = $1,040 do that for 18 years and you are talking about less than 20K. You might be able to get 45-50K out of that. Pretty fucking far from college paid in full.

Lastly, I let it go last time but you keep going back there, $30 a week isn't going to be $4.4MM

Contribution​	Annual return​	Time​	Ending value​
$30/week​	12%​	40 years​	~$1.27M​
$30/week​	12%​	50 years​	~$3.96M​
$30/week​	12%​	51 years​	~$4.48M​
$30/week​	10%​	50 years​	~$1.90M​
$30/week​	8%​	50 years​	~$930K​

Even if you juice up the returns to fantasy levels, never allow for losses, timing, breaks in income/contributions or any other life events it doesn't get there.

Bottom line is you are, intentionally I think, ignoring the cost side of the equation. Showing someone that they could save X in todays dollars out into the future without applying the haircut for inflation over that same period is disingenuous at best. Even if your 4.4MM was accurate (it isn't but lets just roll with it) do you have the side by side of what 4.4MM in todays dollars would be if you apply a 3-4% inflation tax (because that is what it is) to the returns for the same time period?

Here is what you are looking at if you are realistic with people:

$30 × 52 × 25 = $39,000

Annual investment return​	Future nominal value after 25 years​	Value in today’s dollars at 3% inflation​	Value in today’s dollars at 4% inflation​	Value in today’s dollars at 5% inflation​
8%​	$118,461​	$56,578​	$44,437​	$34,982​
10%​	$160,823​	$76,810​	$60,327​	$47,492​
15%​	$355,796​	$169,930​	$133,465​	$105,067​

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Jaxbuck said:

You have a lot of assumptions at work here to fit your argument and the fact that you need to get this cute with numbers to even still not be able to defend your position that this is all because people are stupid and lazy should tell you something.

First, the deductions for health insurance are in no way shape or form a proxy for the real increase in cost of healthcare. That insults the intelligence to even try. Again, you are ignoring the expense of it and how much that has outpaced wage growth.

Second, putting 20 a week into a 529 plan is no where near enough to pay for college "in full" by the time they are 18-19. That is patently false.
20x 52 = $1,040 do that for 18 years and you are talking about less than 20K. You might be able to get 45-50K out of that. Pretty fucking far from college paid in full.

Lastly, I let it go last time but you keep going back there, $30 a week isn't going to be $4.4MM

Contribution​	Annual return​	Time​	Ending value​
$30/week​	12%​	40 years​	~$1.27M​
$30/week​	12%​	50 years​	~$3.96M​
$30/week​	12%​	51 years​	~$4.48M​
$30/week​	10%​	50 years​	~$1.90M​
$30/week​	8%​	50 years​	~$930K​

Even if you juice up the returns to fantasy levels, never allow for losses, timing, breaks in income/contributions or any other life events it doesn't get there.

Bottom line is you are, intentionally I think, ignoring the cost side of the equation. Showing someone that they could save X in todays dollars out into the future without applying the haircut for inflation over that same period is disingenuous at best. Even if your 4.4MM was accurate (it isn't but lets just roll with it) do you have the side by side of what 4.4MM in todays dollars would be if you apply a 3-4% inflation tax (because that is what it is) to the returns for the same time period?

Here is what you are looking at if you are realistic with people:

$30 × 52 × 25 = $39,000

Annual investment return​	Future nominal value after 25 years​	Value in today’s dollars at 3% inflation​	Value in today’s dollars at 4% inflation​	Value in today’s dollars at 5% inflation​
8%​	$118,461​	$56,578​	$44,437​	$34,982​
10%​	$160,823​	$76,810​	$60,327​	$47,492​
15%​	$355,796​	$169,930​	$133,465​	$105,067​

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Jaxbuck said:

You have a lot of assumptions at work here to fit your argument and the fact that you need to get this cute with numbers to even still not be able to defend your position that this is all because people are stupid and lazy should tell you something.

First, the deductions for health insurance are in no way shape or form a proxy for the real increase in cost of healthcare. That insults the intelligence to even try. Again, you are ignoring the expense of it and how much that has outpaced wage growth.

Second, putting 20 a week into a 529 plan is no where near enough to pay for college "in full" by the time they are 18-19. That is patently false.
20x 52 = $1,040 do that for 18 years and you are talking about less than 20K. You might be able to get 45-50K out of that. Pretty fucking far from college paid in full.

Lastly, I let it go last time but you keep going back there, $30 a week isn't going to be $4.4MM

Contribution​	Annual return​	Time​	Ending value​
$30/week​	12%​	40 years​	~$1.27M​
$30/week​	12%​	50 years​	~$3.96M​
$30/week​	12%​	51 years​	~$4.48M​
$30/week​	10%​	50 years​	~$1.90M​
$30/week​	8%​	50 years​	~$930K​

Even if you juice up the returns to fantasy levels, never allow for losses, timing, breaks in income/contributions or any other life events it doesn't get there.

Bottom line is you are, intentionally I think, ignoring the cost side of the equation. Showing someone that they could save X in todays dollars out into the future without applying the haircut for inflation over that same period is disingenuous at best. Even if your 4.4MM was accurate (it isn't but lets just roll with it) do you have the side by side of what 4.4MM in todays dollars would be if you apply a 3-4% inflation tax (because that is what it is) to the returns for the same time period?

Here is what you are looking at if you are realistic with people:

$30 × 52 × 25 = $39,000

Annual investment return​	Future nominal value after 25 years​	Value in today’s dollars at 3% inflation​	Value in today’s dollars at 4% inflation​	Value in today’s dollars at 5% inflation​
8%​	$118,461​	$56,578​	$44,437​	$34,982​
10%​	$160,823​	$76,810​	$60,327​	$47,492​
15%​	$355,796​	$169,930​	$133,465​	$105,067​

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heisman said:

So, the math checks out, but the conclusion does not. So, 200% is 3x, which is exactly the additional amount deducted from our employees checks for PPO health insurance. $40 per pay period 25 years ago. $120 deducted from our employees’ checks today. However, the additional $80 is easily offset by the additional $800 in wages earned during that pay period. Same is true if saving for a child’s education. Enroll in a 529 and put $20 a week in the plan. Kids education paid in full by the time they are of age. The world is suffering from financial illiteracy, not lack of resources. That $30 a week for $4.4 million dollars still seems like world’s biggest no brainer to me!

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osugrad21 said:

Oh no I'd still work...just figuring out if I want to double dip with the same district.

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CincyInterloper said:

So things we can live without have gotten cheaper while necessities have gotten more expensive. Have the markets for necessities gotten less competitive while the markets for luxury goods have gotten more competitive? And if so, how do we restore competitiveness to these markets? Heath-care and education in particular seem to be, to use a technical term, out of wack.

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BB73 said:

I have had the same hair brush for 55 years. The same hairstyle, too.

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buckeyemania11 said:

We all saw it during the spring game. They can scream "you can't judge off a spring game" all they want but he looked like the exact same QB as last year mechanically. The foot work is still a disaster zero improvement there and he still throws every pass as hard as he can. At this point he's an over glorified temu version of Joe Milton

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buckeyemania11 said:

Bryce at this point seems like a classic case of a kid getting handed a bunch of money and everyone around him telling him how great he is (even when underperforming) then not actually putting any further work in because of that. scUM is the worst possible place for this kind of person considering the sunshine pumping factory up there

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