Wichita State hopes to score nationally with new multimedia partnership

[pogo]

Man I'm so old. I just can't imagine $180 per month for television. That's $2160 per year. If you put that much in an IRA and made 5% on it per year starting 35 years old, you'd retire with 1.7 million dollars in the bank. If you did the same thing at 25 years of age you'd retire with $3.1 million in the bank. (Assuming retirement at 65 years of age)

I now see why you use your dad as your finance guy. :)

[MadaboutWu]

I think your totals were for $2160 per month, not per year. Using 5% and 2160 at the beginning of each year, after 30 years, the total would be $150,683 and after 40 years, $273,973.

But I understand your point.

It's a rounding error.

[Kung Wu]

I think your totals were for $2160 per month, not per year. Using 5% and 2160 at the beginning of each year, after 30 years, the total would be $150,683 and after 40 years, $273,973.

But I understand your point.

Hahaha you are exactly right.

[SHOCKvalue]

Man I'm so old. I just can't imagine $180 per month for television. That's $2160 per year. If you put that much in an IRA and made 5% on it per year starting 35 years old, you'd retire with 1.7 million dollars in the bank. If you did the same thing at 25 years of age you'd retire with $3.1 million in the bank. (Assuming retirement at 65 years of age)

Not trying to be fact checker or a jerk, but your numbers set off an alarm in my head that necessitated me digging out my old BAII Plus.

Your balances after 30 and 40 years were used using $2,160 as a monthly PMT, not $180. Actual FV after using $180 as the PMT are obviously drastically lower.

EDIT: Aaaaaand it looks like I should have read the rest of the thread before posting.

[Kung Wu]

I now see why you use your dad as your finance guy. :)

Hey man I LOVE math. It's just all those numbers and letters that confuse me.

[Kung Wu]

Not trying to be fact checker or a jerk, but your numbers set off an alarm in my head that necessitated me digging out my old BAII Plus.

Your balances after 30 and 40 years were used using $2,160 as a monthly PMT, not $180. Actual FV after using $180 as the PMT are obviously drastically lower.

EDIT: Aaaaaand it looks like I should have read the rest of the thread before posting.

What? You mean you can't make 15% annually for 40 years?

[wufan]

Hey, why stop there. Don't use electricity, water, gas, trash service, etc and you can save even more.

Assuming 79 was being sarcastic, I agree with the above. I would HIGHLY suggest that you put more into your 401K than into your cable/internet/phone bill. Choosing where to spend and where to save is a matter of budgeting. Some buy season tickets to the local sports team…

[ShockerPrez]

Man I'm so old. I just can't imagine $180 per month for television. That's $2160 per year. If you put that much in an IRA and made 5% on it per year starting 35 years old, you'd retire with 1.7 million dollars in the bank. If you did the same thing at 25 years of age you'd retire with $3.1 million in the bank. (Assuming retirement at 65 years of age)

Next your gonna tell me to put the grand a month I spend on beer and hookers in an IRA.....

[WstateU]

Next your gonna tell me to put the grand a month I spend on beer and hookers in an IRA.....

[MadaboutWu]

Next your gonna tell me to put the grand a month I spend on beer and hookers in an IRA.....

You got to think long term with these issues.

[1972Shocker]

Next your gonna tell me to put the grand a month I spend on beer and hookers in an IRA.....

Only a grand! You should be in good shape.

[ShockerPrez]

Only a grand! You should be in good shape.

I know. I wish my wife would see it your way. Women are so obsessed with money.

[wufan]

I know. I wish my wife would see it your way. Women are so obsessed with money.

A wealthy man once said..."I spent half my money on booze and women. The other half I just wasted."

[wsushox1]

Problem with ESPN3 is my 360 just died

Sell you one for 60 dollars

[wsushox1]

Nothing wrong with it either @SubGod22: I just need it off my hands because it is taking up space and I never use it.