Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 349. (Read 814568 times)

Looks fantastic! What are requirements for Director of Employee Benefits?

Wow, is all I can say! I thank you all!

It is not necessary to use real names, due to the nature of our industry. We will continue to use my name as the "contact" person.

"Director" will apply to each of our CR.I.S.P. program:

Chase, Director of CR.I.S.P. for Kids,
RJF, Director of CR.I.S.P. for Retirement,
TeeGee, Director of CR.I.S.P. for Students
CryptoBrooker, Director of CR.I.S.P. for Charity,

(Vacant), Director of Employee Benefits.

 
PR use case: "According to RJF, Director of CR.I.S.P. for Retirement .........."

OMG I was out today busy with my immigration papers lol This is so awesome wow!!

Thanks so much my Lovelies..I am deeply honored..

here is my addy..

DmVKxxyR6W8RfQPz56pR3DByP9mK2SFpr5

This is a lovely lucky day..
Congrats to all the entrees and the winner Malfort!

Honored to be noteworthy ..

Thank you so much for your kindness..

Thanks, RJF. Excellent article. I will post a response when I have time.

The winner of Apprentice Parody is "MentorNotes" by Malfort

The Runner-up is "Insignis Apprentice" by QiWoman

Congratulations to Malfort and all participants. Smokeys believe that you all are winners just by participating.

Now TeeGee can get creative and setup a “MentorNotes” fund for students to own some DNotes. I will make a generous donation once a program is in place. I envision that various funds could be setup with different sponsors who believe that education can make positive difference.

This is worth a read:

http://www.coindesk.com/volatility-deflation-manipulation-response-bitcoins-critics/

"NoteBooker"

"Noter-Re-Public"

"DNote-Tater"

     Let Dyna take it from here. I have sent "second place prizes" of 2500 DNotes to all entries. Still need QiWoman's and Populuxe's Deposit Address. When you two post your addy, I will send you 2500 also!!

Smokey

Hi all, thought I'd throw out my couple fav's for our fun apprentice parody name competition, Smokey can feel free to review my list and add or what not I tried to go with one from each person. Then DYNA can choose his pick of the bunch.

Populuxe - "Dynamite Deal"
QiWoman - "Insignis Apprentice" (Insignas is latin for rapid growth)
Variant65 - "It's CRISP"
Malfort - "MentorNotes"

Any thoughts on these Smokey? Hope I didn't miss anybody!

     I agree. All other CRISP Directors would have that title also ( I would assume). It looks like we are full steam ahead from here. Great job everyone! We have an amazing team, and I am very excited and very impressed.

Smokey

I think Director is fine, it's really up the DNotes team. As for real names, Dyna knows mine. I am somewhat reluctant to use it past there since I am currently employed in the cyber security industry and the Director of a IT Department in a somewhat sensitive facility. Lets keep it RJF for now.

 

Outstanding, good research. Scary isn't it?  I think we can incorporate some this into an informational post or page once things get moving.

Quick recap:

I like Director of CR.I.S.P. for Retirement as well.

Agree checkbox upon creating a CR.I.S.P for Retirement account will state:
"I agree that my current and future deposits made to this account will be locked and not available for withdrawal for duration or length of time I selected. I understand that any request for hardship withdrawal will be considered on a case by case basis."

Somewhere on the retirement dashboard it will state:
"Depositors are reminded that compliance with all existing and future laws governing financial instruments, reporting, paying of taxes or fees and digital currency regulation is the express responsibility of the depositor."

 Good. I will not be available the rest of today. Keep up the great job.

Yes, that would be acceptable. We just don't want any "loose ends" hanging around, they can be made into nooses...

I also think the whole RJF Director thing sounds very professional. Another one to consider: what do you think about saying "Retirement Portfolio Team Leader?" or something similar so that we can really accentuate that it is an active and growing team here at DNotes working towards common goals? - Just a thought, I think it looks really good either way. Maybe it is best RJF decide for himself how he would like to be addressed. This is like the biggest release in crypto since... genesis bitcoin block, I mean DNotes! Genesis block. There will need to be a massive team behind this one day as the project grows. I imagine a whole team of people reviewing information and analysing early withdrawal requests, perhaps even financial advisors! RJF has come forward with a great number of suggestions thus far.

Also, I'm not sure how comfortable some people are when it comes to using their real names in a press release, but does anybody else feel it provides a feeling of trust? For example, I quite liked hearing in the DNotes press releases that DYNA was a man called Alan Yong with a brief snippet of information about him and how his previous and current business experience (not sure if his MBA got a mention) provides a great strategic foundation for DNotes to grow on. That said, there was a significant amount of information on the internet about DYNA already that could be searched, so this strategic decision made a lot of sense.

The hardship withdrawal is a great idea.

     Sad state of affairs indeed. The way I see it, several things are coming together to create a crisis for retirees: Stock Market problems, very low interest offered, Social Security and Medicare in crisis, inflation, dismal economy, and the fact that the "baby boomers" are going to be taxing the Social Security and Medicare system even more. Looks like we all should be responsible for our retirement, Uncle Sam may be too broke to help you!!

Smokey

Thanks, TeeGee, RJF, Chase and others for providing some supporting data to highlight the importance of supplementing our retirement savings when an opportunity presents itself. No matters how one wants to slice it, the core problem of retirement readiness looks troubling.

The daily struggle of the disadvantaged and those in poverty will continue without meaningful improvement. We all could wish that we can help to change that, but that is not likely. What we are trying to do with CR.I.S.P. for Retirement is to encourage a few to start helping themselves early with the hope that they may be in a better position one day to help a few more within their reach. If we can all make a little difference for the better, because we care enough; may be one day we can influence some among the top 1% to join force with us to do even more.

CR.I.S.P. for Charity, … anyone from the top 1%? We can use a helping hand here;  ……. may be a CR.I.S.P. for Students scholarship fund to help many students in great needs. Well, as you can see we have plenty of work to do beyond making DNotes a trustworthy and stable digital currency with reliable long term appreciation. It is also a currency with a purpose.

Thanks, TeeGee. Great research. I am quite certain that "average returns on IRA’s .... had a tendency to fall somewhere between 5 and 8%" is accurate.

Here is some quick retirement facts I'll place here that are related to data RJF wanted to see.

*A recent report by Jack VanDerhei of the Employee Benefits Research Institute should worry you:

Assuming you're retired for 35 years (generous, but not totally unrealistic), and factoring in nursing home and home health care costs:

83% of those in the lowest income quartile will run out of money,
47% of those in the second-lowest quartile will run out,
28% of those in the second-highest quartile will run out, and
13% of those in the highest income quartile will run out.   

When the retirement time is chopped down to 20 years (to age 85), 8% of the highest quartile income earners will still run out of money.

*The mean and median values of IRA accounts is $70,000 and $20,000 respectively. The mean average is propped up by the fact that 6.3% of IRA accounts are in excess of $250,000

98.5% of taxpayers have IRA account balances at $1,000,000 or less.
1.2% of tax payers have IRA account balances at $1,000,000 to $2,000,000.
0.2% (or 83,529) taxpayers have IRA account balances of $2,000,000 to $3,000,000
0.1% (or 36,171) taxpayers have IRA account balances of $3,000,000 to $5,000,000
<0.1% (or 7,952) taxpayers have IRA account balances of $5,000,000 to $10,000,000
<0.1% (or 791) taxpayers have IRA account balances of $10,000,000 to $25,000,000
<0.1% (or 314) taxpayers have IRA account balances of $25,000,000 or more

*As of 2010, low savings rates, financial crises, and poor stock market performance had caused retirement savings account values to fall so low that 75% of Americans nearing retirement age had less than $30,000 in their retirement accounts, which Forbes called "the greatest retirement crisis in American history." - Wikipedia, footnote 7

*In 2010, the median household retirement account balance for workers aged 55 to 64 was $120,000, which will provide only a trivial supplement to Social Security benefits, but a third of households had no retirement savings at all. - Wikipedia, footnote 33

For the most part, it appears that American incomes and retirement balances are so varied, that calculated proportions of income spend on healthcare are difficult to come across. The following figures should make it clear that it is very high however!

*Fidelity’s annual Retiree Health Care Costs Estimate estimate suggests that a 65‐year‐old couple retiring in 2014 would need $220,000 (in today's dollars) in total to pay for medical expenses throughout their retirement (17 years for men, 20 years for women, on average), not including nursing home or long‐term care.

and...

*According to the Employee Benefit Research Institute (EBRI), a 65-year-old couple with median prescription-drug expenses who retire this year will need $295,000 to enjoy a 75 percent chance of being able to pay all their remaining lifetime medical bills, and $360,000 to have a 90 percent chance.

*I have struggled to find any good data that finds ‘average returns’ on IRA’s because there are so many different investment portfolios. One company that I looked at is below, I found that most of the returns listed under 10 year rate of return had a tendency to fall somewhere between 5 and 8%. I found similar results with another investment firm called vanguard.

- https://www.tiaa-cref.org/public/tcfpi/InvestResearch