ceciltguitar Posted September 17, 2017 Report Share Posted September 17, 2017 https://www.wired.com/story/meet-camperforce-amazons-nomadic-retiree-army/ Quote Link to comment Share on other sites More sharing options...
coachmac9 Posted September 19, 2017 Report Share Posted September 19, 2017 Good read, but man, how sad is it to work all your life for a huge corporation that is worth billions and end up with nothing...bummer. Quote Link to comment Share on other sites More sharing options...
jjwicklund Posted September 20, 2017 Report Share Posted September 20, 2017 13 hours ago, coachmac9 said: Good read, but man, how sad is it to work all your life for a huge corporation that is worth billions and end up with nothing...bummer. Sometimes it's choices along the way. Quote Link to comment Share on other sites More sharing options...
coachmac9 Posted September 20, 2017 Report Share Posted September 20, 2017 True! Quote Link to comment Share on other sites More sharing options...
mptjelgin Posted September 20, 2017 Report Share Posted September 20, 2017 I couldn't get past his investing his nest egg of $250,000 into a fund that "supposedly guaranteed" him $4000 a month to live off of. That implies a rate of return of approximately 19% year in and year out. If it seems too good to be true... Quote Link to comment Share on other sites More sharing options...
gjhunter01 Posted September 27, 2017 Report Share Posted September 27, 2017 On Wednesday, September 20, 2017 at 3:40 PM, mptjelgin said: I couldn't get past his investing his nest egg of $250,000 into a fund that "supposedly guaranteed" him $4000 a month to live off of. That implies a rate of return of approximately 19% year in and year out. If it seems too good to be true... Payments probably included a drawdown of principle with $0 balance left after X years of payments. Greg Quote Link to comment Share on other sites More sharing options...
mptjelgin Posted September 27, 2017 Report Share Posted September 27, 2017 16 minutes ago, gjhunter01 said: Payments probably included a drawdown of principle with $0 balance left after X years of payments. Greg Perhaps. But the article implies that he unexpectedly lost it all in the 2008 market. That doesn't sound like a "normal" annuity. You are not going to make a guaranteed $48000 a year on $250000 unless the guarantee period is very short indeed. Like 6 years... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.