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Turd
10-05-2009, 16:55:02
I want some and I hear you greedy Dutchmen are hording it all. :bash:

http://www.nytimes.com/2009/05/03/magazine/03european-t.html?_r=3&pagewanted=1

KrazyHorse
10-05-2009, 17:50:37
Hi, Oerdin

http://apolyton.net/forums/showthread.php?t=185553

Turd
10-05-2009, 18:34:23
Read at CFC:

http://forums.civfanatics.com/showthread.php?t=320558

Oerdin
10-05-2009, 18:37:34
Bad kitty! Making baseless accusations. I simply copied the link and made a thread over at poly.

KrazyHorse
10-05-2009, 18:40:47
Liar.

MOBIUS
10-05-2009, 18:52:26
Pants on fire!:gasmaske:

Oerdin
10-05-2009, 19:19:34
What ever.

Drekkus
10-05-2009, 19:41:51
That's a looooong story. But it did remind me that at the end of this month a nice load of vakantiegeld is coming in. I might be spending it in California by the way.

Dyl Ulenspiegel
10-05-2009, 20:36:17
Vakantiegeld rocks!

Just what does it have to do with the welfare state? :drekkus:

Oerdin
10-05-2009, 21:09:46
I'm going to Yosemite next month and the only problem is fighting off the hordes of Europeans for a permit. It's like they're paid to go on vacations or something... Oh, wait, they are. :gasmaske:

MOBIUS
10-05-2009, 21:12:00
Yep - screw you yank, and your pathetic holidays!:p

MOBIUS
10-05-2009, 21:12:34
Thinking of going hillwalking to Skye this next weekend, myself...

Drekkus
11-05-2009, 07:40:11
Originally posted by Dyl Ulenspiegel
Vakantiegeld rocks!

Just what does it have to do with the welfare state? :drekkus: It's socialist to have a part of your salary set aside for holidaysmonies!!!

Dyl Ulenspiegel
11-05-2009, 07:44:36
More patronizing than socialist....

Drekkus
11-05-2009, 08:14:54
socialism is patronizing, isn't it?

mr_B
11-05-2009, 08:22:46
own vakantiegeld first!!!!

Drekkus
11-05-2009, 09:00:16
You get your first taste of vakantiegeld evah this year, don't you? :lol:

King_Ghidra
11-05-2009, 09:10:35
this is the way to make pensions and suchlike more exciting, call it RETIREMENT GOLD

In fact, thinking about it, considering how dumb people are for 419 scams, savings companies should start advertising their products by saying things like: "Sir, we have 600,000 ready to release to you in only twenty years' time. We only require a small administrative fee in the intervening years and this money can then be wired to you in the future."

mr_B
11-05-2009, 09:41:07
Originally posted by Drekkus
You get your first taste of vakantiegeld evah this year, don't you? :lol: :lol: jesjes

Drekkus
11-05-2009, 09:52:26
Originally posted by King_Ghidra
this is the way to make pensions and suchlike more exciting, call it RETIREMENT GOLD

In fact, thinking about it, considering how dumb people are for 419 scams, savings companies should start advertising their products by saying things like: "Sir, we have 600,000 ready to release to you in only twenty years' time. We only require a small administrative fee in the intervening years and this money can then be wired to you in the future."
I think this is daily practice and is exactely what got us in to the financial crisis. Or at least the symptoms of a failing financial system. I got suckered into an extra retirement plan promissing me a pot of gold at the end. But the costs they are charging yearly are such that there's no way I will ever get a serious amount back from it. After almost 10 years the total amount is less then what I put in.

mr_B
11-05-2009, 09:57:06
:lol:

Dyl Ulenspiegel
11-05-2009, 09:59:14
There is a state sponsored extra retirement scheme here that is even more retarded.

You get a 8-10% bonus on your premiums upon payment. Sounds nice, just that it amounts to something like 0.5% extra yield over 30 years.

Second, the calculations used yields of 6-8% or more. Based on a bull market, just completely unrealistic over 20-40 years.

Then, 40% have to be invested in stocks. In countries where stock market capitalization is below 30 (or40) % of GDP. Ie, Austria or Portugal or something. During a bear market, those markets drop even further than the average, and you can't switch out of the stock allocation.

Besides, you can expect something like 10% admin costs and 10% margin for converting into a lifetime rent.

The product sucks so badly that the implied yield of the pay-as-you-go system may even be better! :eek:

Drekkus
11-05-2009, 10:02:55
Originally posted by mr_B
:lol: With special thanks to mr. Oakwood...

Dyl Ulenspiegel
11-05-2009, 10:06:55
Originally posted by Drekkus
socialism is patronizing, isn't it?

Ideally, no. Practically, yes.

Oerdin
11-05-2009, 10:23:05
Originally posted by Drekkus
But the costs they are charging yearly are such that there's no way I will ever get a serious amount back from it. After almost 10 years the total amount is less then what I put in.

Welcome to my 401k world. Take a couple tens of thousands and watch it turn into $5000. :o

I should have just spent it all on hookers and blow. :bouncmsk:

Dyl Ulenspiegel
11-05-2009, 10:25:12
Originally posted by Drekkus
After almost 10 years the total amount is less then what I put in.

Fund-based life insurance?

Drekkus
11-05-2009, 10:29:33
I guess so, yes

Dyl Ulenspiegel
11-05-2009, 11:07:29
They often also cover benefits for spouses/children in case of death which further reduces the pension you can draw.

Drekkus
11-05-2009, 11:29:31
I have no idea. I signed this one before any spouses/children were in sight, so I don't know if they're included.

Dyl Ulenspiegel
11-05-2009, 11:46:03
I bet they sold you that. :D