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View Poll Results: What Price your Future? (See Below)
$10 - I'm going to quit anyway 1 1.75%
less than $500,000 4 7.02%
$500k to $1,500k 22 38.60%
greater than $1,500k 29 50.88%
other (please explain) 1 1.75%
Voters: 57. You may not vote on this poll

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  #1  
Old 06-12-2003, 11:06 AM
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openminded openminded is offline
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Default What's your profession worth?
Let's say you own a corporation equal to your future as an actuary. This includes your knowledge, experience and industry contacts. Mega corp offers to buy your company. In exchange for a fixed price you can no longer work in your chosen profession or even in the same industry.

What would be an acceptable price?


Please avoid the Gaming the system type answers (example: I'll just switch from life to pension).
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  #2  
Old 06-12-2003, 11:10 AM
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Maine-iac Maine-iac is offline
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I enjoy being an actuary. But if I was given enough money to maintain my style of living, I certainly have enough other interests to pursue. Yep. I'd give it up.

If I got the money without the string attached, though, I'd probably just cut my hours.
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  #3  
Old 06-12-2003, 01:16 PM
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With about a 1.5 mil in the bank, I could probably maintain my current lifestyle indefinitely and not have to work. Assuming I could invest it well.
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I think the dollar will crash irreparably by 2012.... bottom drops out of the dollar. ....Dollars are worthless, 401ks are bust, the markets are valueless...government assumes control over all industry and everything is nationalized by the end of 2012. - gomer_tree
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  #4  
Old 06-12-2003, 02:00 PM
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In a heartbeat, if I could maintain current lifestyle. Is it a bad sign that I used my calculator to figure out which range?
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  #5  
Old 06-12-2003, 02:54 PM
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SamChevre SamChevre is offline
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Exactly $1,428,869.64. That would buy me a life annuity, increasing 3% a year, and presently equal to my current salary.

Then I would get a PhD in Economics.
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Liberals tend to view themselves as live-and-let-live people.... We’re the nice guys. We believe in tolerance, diversity, and letting people be what they have to be. It’s hard for us to credit the idea that someone could be afraid of us.

Someone is. And for good reasons. Understanding that uncomfortable fact is the first step towards grasping what has been going on in this country’s politics for the last quarter century. Red Family, Blue Family
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  #6  
Old 06-12-2003, 04:28 PM
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Quote:
Originally Posted by SamChevre
Exactly $1,428,869.64. That would buy me a life annuity, increasing 3% a year, and presently equal to my current salary.

Then I would get a PhD in Economics.
I'm impressed.... but I'm easily impressed.
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Spoiler:
* * * * * *
"No one remembers 5K and I wrote a nice poem for the occassion. No one remember's 10k. No one will remember 20k either." - Sir Post-A-Lot

"One of the ordinary modes, by which tyrants accomplish their purposes without resistance, is, by disarming the people, and making it an offense to keep arms."
-- Constitutional scholar and Supreme Court Justice Joseph Story, 1840

"The problem with socialism is you eventually run out of other peoples' money." -- Margaret Thatcher

"Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master." -- George Washington

"Caca pasa" - Anonymous
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  #7  
Old 06-18-2003, 01:20 PM
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Quote:
Exactly $1,428,869.64. That would buy me a life annuity, increasing 3% a year, and presently equal to my current salary.
Using what mortality?

(As I scramble to figure out exactly what he makes!!)
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  #8  
Old 06-18-2003, 02:04 PM
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Quote:
Originally Posted by dumber
Quote:
Exactly $1,428,869.64. That would buy me a life annuity, increasing 3% a year, and presently equal to my current salary.
Using what mortality?

(As I scramble to figure out exactly what he makes!!)
Except for one piece of data you're missing -- has he included any current life insurance policies that would be triggered due to premature death?
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Spoiler:
* * * * * *
"No one remembers 5K and I wrote a nice poem for the occassion. No one remember's 10k. No one will remember 20k either." - Sir Post-A-Lot

"One of the ordinary modes, by which tyrants accomplish their purposes without resistance, is, by disarming the people, and making it an offense to keep arms."
-- Constitutional scholar and Supreme Court Justice Joseph Story, 1840

"The problem with socialism is you eventually run out of other peoples' money." -- Margaret Thatcher

"Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master." -- George Washington

"Caca pasa" - Anonymous
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  #9  
Old 06-19-2003, 10:48 AM
wonderer wonderer is offline
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You are selling yourselves short once again. Our compensation is about 30 to 35% of the revenue we generate. If you generate more revenue, you are due a promotion. If you generate less revenue, your job is at risk.
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  #10  
Old 06-19-2003, 11:00 AM
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If I had to quit the profession, I'd want to make a profit on it. A hefty one.
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If once a man indulges himself in murder, very soon he comes to think little of robbing; and from robbing he comes next to drinking and Sabbath-breaking, and from that to incivility and procrastination. Once begun upon this downward path, you never know where you are to stop. Many a man has dated his ruin from some murder or other that perhaps he thought little of
at the time.
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