This ain't your dad's Accord… Honda has officially entered the light Jet market. Honda which only a few years ago entered the aviation market by producing aero-engines is now going to start making the entire aircraft.
Don't expect them any time soon, however, as the FAA certification process takes several years. But by 2010, you'll be able to buy a Honda that can really fly. ;)
So I’ve been thinking about retirement a lot lately… aren’t we all right? Of course the more fun question regarding retirement is not how, but WHEN can I finally kick this job to the curb and live the good life?
I decided to find out. A few things had to be established before we could jump into the math. First of all we will assume that the investments are in the stock market which is the easiest and most common way to save for retirement. The stock market averages 12-12.5% return and inflation runs 2-2.5% so we will assume a real return of 10%. We will compute money invested on a percentage of income basis so that it can be applied to anyone weither you make $20k/yr or $200k/yr. Most people will make more money later in life than they do now. The equations will still hold – the amount you retire with will be a function of your average income during your career.
One last thing had to be decided. How much money do you need to retire? Well the experts claim that you can live off of an amount substantially less than your income due to lower taxes, no kids, (hopefully) no debt ect. Many say 60% – we’re going to assume extreme frugality and say that you can squeek by on 50% of you income and actually retire at that point. We have also setup to less painful levels of retirement. Retirement at your income level – which seems to be working for you now so it should in the future. And finally the good life of retiring to double you current income level. Nice. The results are below:
The Number Of Years Of Investing To Reach Retirement Income
(% Pre-Retirement of Income)
In a woefull sign of the times, Parker Brothers has sold the soul of Monopoly to VISA. That's right, the timeless classic is now partial owned by Visa.
Changes afoot? You bet! You don't need that real money (oh the irony of arguing the realness of monopoly money)… you just need your VISA CARD! AHHHH! I can't believe it. I'm blown away with the thought of swiping your Visa card to purchase Park Place. Passing go and sending your money directly to Mr. Visa. It's terrible it's a travesty and oh yes, it does actually come with a Visa card and a card reader instead of the paper money.
Our friends over at StillSpinning.net posted a pretty funny call into a customer service center regarding… ah, uhm… let's just say it wasn't a computer…
Don't worry, it's still funny regardless of which support center this actually occurred in — and really which center has this not occurred in…
Note: just ignore all the blue… I think they're playing with their site design
Today at noon, London observed a 2 minute moment of silence. I had the opportunity to watch it live this morning, and it was quite powerful. To see everyone stop their lives and for a moment – reflect and remember the tradegy of a year ago. It was moving.