In article <vf3t6g$j1dh$1@dont-email.me>, recscuba_google@huntzinger.com
says...
>
> On 10/20/24 11:38 AM, Skeeter wrote:
> > In article <vf2n71$cii1$1@dont-email.me>, recscuba_google@huntzinger.com
> > says...
> >>
> >> On 10/19/24 5:17 PM, Skeeter wrote:
> >>> In article <vf168e$3sigu$1@dont-email.me>,
> >>> recscuba_google@huntzinger.com says...
> >>>>
> >>>> On 10/18/24 4:59 PM, Governor Swill wrote:
> >>>>> On Thu, 17 Oct 2024 10:36:54 -0600, Skeeter <skeeterweed@photonmail.com> wrote:
> >>>>>
> >>>>>> In article <vere5c$2q4h9$2@dont-email.me>,
> >>>>>> recscuba_google@huntzinger.com says...
> >>>>>>>
> >>>>>>> On 10/17/24 9:51 AM, Skeeter wrote:
> >>>>>>>> In article <ver1fr$2ohqk$1@dont-email.me>,
> >>>>>>>> recscuba_google@huntzinger.com says...
> >>>>>>>>>
> >>>>>>>>> On 10/16/24 8:27 PM, Skeeter wrote:
> >>>>>>>>>> In article <veph2p$2ejus$1@dont-email.me>,
> >>>>>>>>>> recscuba_google@huntzinger.com says...
> >>>>>>>>>>> ...
> >>>>>>>>>
> >>>>>>>>> So what evidence do you have of crime being "worse": is it merely your
> >>>>>>>>> personal perception? Or true for just your highly localized region?
> >>>>>>>>> Because on a National macro level, the claim does not ring true.
> >>>>>>>>>
> >>>>>>>>>
> >>>>>>>>> -hh
> >>>>>>>>
> >>>>>>>> Moron.
> >>>>>>>
> >>>>>>> Translation: Nailed It.
> >>>>>>>
> >>>>>>> So what was your career path before CoVid ruined it?
> >>>>>>>
> >>>>>>>
> >>>>>>> -hh
> >>>>>>
> >>>>>> I was already retired. What does that have to do with you being a moron?
> >>>>>
> >>>>> Then the problem is your own failure to properly manage your retirement
> >>>>> financing because you're a moron.
> >>>>
> >>>> I'm content with just noting that his claimed fiscal problems are within
> >>>> his own control, and thus his responsibility: it is lame to try to cry
> >>>> victim over nominally typical economic conditions.
> >>>>
> >>>> Of course, he'll try to shout "But...but inflation!", but the reality
> >>>> there is that inflation always has existed: the amount we've seen since
> >>>> 2020 is simply Reversion to the Mean. As such, he seems to have fallen
> >>>> victim to poor planning due to Recency Bias, instead of being wise
> >>>> enough to plan using historical averages.
> >>>>
> >>>> For historical data, here's one reference to use for planning:
> >>>>
> >>>> <https://www.usinflationcalculator.com/inflation/historical-inflation-rates/>
> >>>>
> >>>> ...or one can use the average of the above, which is +3.3%/year.
> >>>>
> >>>> and one should note that inflation can run in spurts just like the stock
> >>>> market: its "8% average returns" mantra is an average, which hides the
> >>>> there's been periods of over 15 years with flat/negative returns which
> >>>> get hidden in out by a huge +30% year. That's why one should expect to
> >>>> run household budget surpluses in years where inflation's below 3.3%, so
> >>>> as to bank for when there is a spurt.
> >>>>
> >>>> For example, take a normalized $100K retirement income starting in
> >>>> December 2016 that's been planned to have a 3.3% income growth per year,
> >>>> as per average inflation and then compare that budget plan to the actual
> >>>> inflation observed for the same time period:
> >>>>
> >>>>
> >>>> Year Income Plan CPI CPI Equiv.
> >>>> 2016 $100,000 n/a $100,000
> >>>> 2017 $103,300 2.11% $102,110
> >>>> 2018 $106,709 1.91% $104,060
> >>>> 2019 $110,230 2.29% $106,443
> >>>> 2020 $113,868 1.36% $107,891
> >>>> 2021 $117,626 7.04% $115,486
> >>>> 2022 $121,507 6.45% $122,935
> >>>> 2023 $125,517 3.35% $127,054
> >>>> 2024 $129,659 2.79% $130,598
> >>>>
> >>>>
> >>>> Now to analyze. Its easy to skip to today (Sept 2024) and say that
> >>>> $130,598 is more than $129,659 ... but that's not the whole story.
> >>>> The whole story is that 2017's budgeted $103,300 exceeded inflation's
> >>>> $102,110 by $1,190. Likewise, 2018 did too (by $2,649), as well as
> >>>> 2019, 2020, 2021. Lets build out that table and add up the differences:
> >>>>
> >>>>
> >>>> Year Delta Cumulative Delta
> >>>> 2016
> >>>> 2017 $1,190 $1,190
> >>>> 2018 $2,649 $3,839
> >>>> 2019 $3,787 $7,626
> >>>> 2020 $5,977 $13,603
> >>>> 2021 $2,139 $15,742
> >>>> 2022 $(1,428) $14,314
> >>>> 2023 $(1,537) $12,777
> >>>> 2024 $(939) $11,837
> >>>>
> >>>> TL;DR: even though inflation has put you above budget, your prior years
> >>>> under budget means that you've built up a $11,837 reserve.
> >>>>
> >>>> Here's the same data, in percentage form:
> >>>>
> >>>> Year Delta% Cum Delta %
> >>>> 2016
> >>>> 2017 1.2% 1.2%
> >>>> 2018 2.5% 3.6%
> >>>> 2019 3.4% 6.9%
> >>>> 2020 5.2% 11.9%
> >>>> 2021 1.8% 13.4%
> >>>> 2022 -1.2% 11.8%
> >>>> 2023 -1.2% 10.2%
> >>>> 2024 -0.7% 9.1%
> >>>>
> >>>> TL;DR: low inflation years let your budget get way ahead (+13.4% by the
> >>>> end of 2021), so despite the inflation bubble (now reverting back to the
> >>>> mean), you're still 9.1% ahead on your budget.
> >>>>
> >>>> That is, if you had planned your budget correctly to begin with, to not
> >>>> ignore historical average inflation rates.
> >>>>
> >>>>
> >>>> -hh
> >>>
> >>> Did I make you do that? Talking about me in 3rd person is cute.
> >>
> >> Your bleating about being poor was a reminder to me that 60% of US
> >> households admit that they don't have a budget, and of those who say
> >> that they do, 40% of these are done incorrectly.
> >
> > Says who? I never said I was poor liar.
>
> You've whined about how you used to be able to afford stuff before
> Biden, but now you can't:
>
>
> "I couls afford to do stuff."
>
> So if that's not saying you're poor, than just what were you saying?
> Be specific.

It means I can't do as much. I'm not rich but I'm not poor. I think you
might be. People who brag about what they have usually don't have it.
>
>
> >> Because so many folks are bad at this, I've been liberal in offering
> >> basic financial planning advice. The above's a trivially easy example
> >> where creating the spreadsheet took less than five minutes to knock out.
> >
> > So? No one cares.
>
> You care, as evidenced by making the effort to reply.

You still learning how usenet works noob?
>
>
> >> If you want to customize it for yourself, you'd need to do two things:
> >
> > I don't need to do shit you say.
>
>
> First words above: "If you want...

Don't bother."
>
>
> >> a) Adjust to actual retirement year instead of 12/2016, and look up the
> >> CPI's for any added years.
> >
> > Why?
>
>
> Oh, so now you _do_ care? /s
>
> The answer is simple for anyone who knows basic finance:
> it is because actual inflation rates vary over time.

So?
>
>
> >> b) Adjust to actual retirement income by taking the normalized $100K
> >> and multiply by your (income/$100K) to recalculate all the values.
> >>
> >> FYI, if you want to post those two data points, I already have this in a
> >> spreadsheet, so its a quick update to customize a plan just for you, or
> >> for anyone else who's interested.
> >>
> >>
> > I didn't bother. I am already retired.
>
> Yup, which is why now you "...couls afford to do stuff." and you avoid
> taking personal responsibility for your lack of adequate retirement
> planning, but try to blame anyone but yourself.

That was so stupid. Try harder noob.
>
> -hh