Did you know…

Less than 3 out of every 5 workers in the USA are currently saving money for their future retirement needs. (Employee Benefit Research Institute)

More than 1 in every 3 (34.5%) Americans at least age 65 was receiving a monthly pension benefit in 2009 from previous employment they had either in the private sector or the public sector. The peak percentage of US seniors receiving a pension benefit (37.1%) was achieved in 1991. (EBRI)

72% of American workers surveyed believe that they will need to accumulate no more than $1 million to enjoy a comfortable lifestyle during their retirement years. (EBRI)

A lump-sum of $1 million in a tax-deferred account will sustain a static $73,800 withdrawal for 25 years assuming the assets continue to earn 6%. However, if the $73,800 annual withdrawal is adjusted upward each year to account for an assumed 3% rate of inflation, the funds are able to make only 17 years of payments. This mathematical calculation ignores the ultimate impact of taxes on the account which are due upon withdrawal. (BTN Research)

The life expectancy at birth of an American male is 75.7 years today, an increase of 10.1 years since 1950. The life expectancy at birth of an American female is 80.6 years today, an increase of 9.5 years since 1950. (National Center for Health Statistics)

The normal retirement age (NRA) in 2011 to be eligible for full Social Security benefits is 66 years. The NRA in 1950 to be eligible was 65 years. (Social Security)

1 out of every 15 Americans is either suffering from Alzheimer’s or is an unpaid caregiver helping a friend or family member that is living with the disease. (Alzheimer’s Association)

As of 2/28/10, the S&P 500 had a trailing 12-month total return of 53.6%, a performance better than any one-year total return for the index at the end of any month in the previous
20 years. In the subsequent 13 months since 2/28/10, the S&P 500 has gained an additional 22.6%. (BTN Research)

As of 2/28/09, just before beginning a 1-year total return gain of 53.6%, the S&P 500 had a trailing 1-year total return loss of 43.3%. (BTN Research)

The S&P 500 has produced a positive total return for 7 consecutive months. The last time the index was up 8 straight months was 6/1/06 to 1/31/07. (BTN Research)

Warren Buffett is the #3 richest individual in the world, worth $50 billion. As CEO of his firm, Buffett has paid himself only $100,000 salary for each of the last 30 years. (Forbes)

3 of the 5 richest people in the world today are Americans, but for only the 2nd time since 1994, the globe’s richest person is not an American. Mexico’s Carlos Slim (worth $74 billion) is ranked #1. (Forbes)

The average interest rate nationwide on a 30-year fixed rate mortgage was 4.81% the last week of March. (Freddie Mac)

157 federally insured banks failed in the USA last year (2010), only the 12th time in the nation’s history that at least 100 insured banks have failed in a single calendar year. The FDIC was established in 1933 or 78 years ago. 23 banks have failed in the first two months of 2011. (FDIC)

The combined payroll of the 5 major league baseball teams with the smallest 2011 opening day payrolls is $217 million. The 5 teams are Kansas City, Tampa Bay, Pittsburgh, San Diego, and Cleveland. The New York Yankees have an opening day payroll of $203 million this year, the largest in major league baseball. (MLB)

About Craig Thompson

I am a young professional with two great sons, and I work in the healthcare setting. I am employed in hospital administration and serve as Chief Executive Officer at Golden Valley Memorial Healthcare in Clinton, Missouri. At GVMH we care for our families, friends and neighbors. We're committed to providing the safest, friendliest and most compassionate care to all we serve.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s