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I went to a Joan Jett concert tonight; all the twenty-somethings are rockin' out to "I Love Rock and Roll..." and at the end one asks another, "What's a Jukebox and why do you put another dime in it?"
***
The above is actually true. While not a joke, it is funny enough I thought I'd post it here.
Every cigarette you smoke takes an hour off your lifetime. ...
Phrased alternatively, every additional smoked cigarette increases the Safe Withdrawal Rate of one's retirement portfolio. Of course, cigarettes aren't free, so we should calculate the marginal rate, so to speak, when the funds that are extra incremental safe to withdraw from the portfolio, per cigarette, start to exceed the cost of the cigarette.
You've heard of the Smith and Wesson retirement plan? Well, this is the Philip Morris retirement plan.
Phrased alternatively, every additional smoked cigarette increases the Safe Withdrawal Rate of one's retirement portfolio. Of course, cigarettes aren't free, so we should calculate the marginal rate, so to speak, when the funds that are extra incremental safe to withdraw from the portfolio, per cigarette, start to exceed the cost of the cigarette.
You've heard of the Smith and Wesson retirement plan? Well, this is the Philip Morris retirement plan.
Maybe Mathjak has a calculation for this that he'll share.
In 20 years, when kids ask about the Great Toilet Paper Shortage of 2020:
I'm going to tell them we had to drag our butts across the lawn.
In the snow.
Uphill.
Both ways.
Made me laugh. Good one.
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