Cranking the Numbers
I’ve been doing a lot of financial planning over the last several years, for obvious reasons (retirement). It pays to “do the math,” to invoke a trite expression.
There are a number of on-line sorts of tools provided by your favorite financial institutions, but sometimes it is necessary to do some more personal budgeting and planning. That’s when the old fashioned calculator comes in handy.
It seems funny to call a calculator “old fashioned,” but, it’s true. After the first “Bomar Brain” calculators appeared in the early 1970s the technology skyrocketed. Everything “hot” quickly became “not.” The best part of it was the prices kept dropping even as the technology improved.
I got hooked on Hewlett-Packard “Reverse Polish Notation” calculators. I don’t have a dedicated calculator anymore, but I have a dead-ringer for an HP for my PDA called Math-U, from Creative Creek. On the desktop or laptop, I use “Excalibur,” a functional equivalent, although not a look-alike to the HP series.
OK - so what am I budgeting with all these fancy tools? Our guns and ammo habit, of course. Like how many rounds per month we can afford to keep in practice or how much can we set aside for the shiny new pistol, AR or who knows what else? I’ll keep cranking the numbers and get the job done.
5 Responses to “Cranking the Numbers”
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flashman on 22 Sep 2009 at 1300 #
Lump sum, annuity or both?
Minstrel on 22 Sep 2009 at 1327 #
Annuities - several. His’n, her’n and ours’n.
A spreadsheet helps a lot too.
DirtCrashr on 23 Sep 2009 at 1614 #
I’m afraid to crank the numbers…
flashman on 24 Sep 2009 at 1206 #
I’ve got a deal where I can “quasi” retire next July. I can take out my defined benefit plan benefit earned to date and keep working. Given the low interest rate likely to be used to discount the PV, I may take it as a lump sum and anything I earn going forward (1 1/2 to 3 more years) as an annuity. That wouldn’t be much, but it might pay for healthcare (assuming Obama doesn’t put me in front of a death panel by then…)
Minstrel on 24 Sep 2009 at 1539 #
I had the lump sum option, but chose the annuity to include the Better Half so she will still get a draw after I face the Obamination’s death panel.