Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
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Anna
That is Pepper, my cocker waiting for the mailman.
Reply to @scott: (and Mark and rono)
WOW. Thanks for the education.
Scott, that Cuban write up is really good.
It looks like what happened to me just doesn't happen today. (The school, upon learning I would need to quit and go back to work and s…
Reply to @scott:
I just asked you in another thread if it might not be true that student loan bubbles cannot burst. I just read the above and apparently they can. Could you explain to me where the bubble is in the market and/or how it bursts?
Reply to @scott: "3. As for higher education, it's insane how expensive college has gotten. When anyone can get a loan, costs just continue to ramp to a nutty degree because of the easy access to funds. The student loan situation isn't going to be s…
Reply to @STB65: but is the 2.8% recommended rate below the required minimum IRA/401K/403B withdrawal from the IRS
Here is the IRA table at the IRS. The short answer to your question is yes. But the purpose of the RMD is to pay the unpaid taxes so …
It's all kind of silly, isn't it? Less and less employers are offering a match so there is really no point to the IRA rules as long as the taxes are paid. After all if there is no match the best way to borrow from your retirement savings is just to …
It's fun to snicker about such things but what has happened is that the people wasting time on this stuff are playing to the crowd and not adding value to the operation of the government. Are we going to have a government where individual legislativ…
OK, people will probably disagree but I have a rather strong opinion. I think the debt ceiling has become just a political tool that is not used to the advantage of the nation. In fact, I consider current behavior to border on treason for the lack o…
Meanwhile bee, I think your title tells it all. There isn't much use for any activity without an advantage to humanity. Humanity, through it's unique creativity, could have a greater "use" that no robotics can replace. Unfortunately, I must say ----…
Chuckle, and this in the first year that the critters have access to both a deferred TSP and a Roth TSP instead of just deferred. (TSP is the federal government plan that is like a 401K.)
I was a FA lurker for ever so long. Spoke up a couple of times but not much. I must admit that the existence of the Off Topic area has given me a place to say hi occasionally as I still lurk the areas where I am better off just reading.
And I am v…
This might be long. On Election Day 2000, on my way to work, at 5AM, in the dark, I was in a car wreck that crippled me. A 19 year old kid fell asleep at the wheel, crossed the line on the highway, and hit me head on. It's spilt milk now for everyon…
Yes scott, I wish the entire thing would dump, drown in a bath tub, flush and wring out. Of course, I have too much cash at the moment so I'm a bit biased.
Yea, Max, I agree. So MFO, let's all join hands and sing:
http://dannyschmidt.com/lyr_cliffsongLGS.html
CLIFF SONG
A part of her lives in a room in her head
And part of her lives wild in the woods
I wanted to make love to both parts at once
But a p…
I ended up pulling up the full pdf report and it discusses Medicare and Medicaid but not private insurance. Even so it doesn't look like they include medical as either a cost or an asset. Can any of you tell whether medical expenses and insurance …
It helps to be a little mathematically inclined. After that decisions depend on your priorities. My priority was to smooth the income impact to my husband if something happened to me. My benefits are best by far but I can't pass 100% to him. By dela…
Reply to @VintageFreak:
FBI.
Here's the sort of thing I get from a google:
"Attorney General Eric Holder and FBI Director Robert Mueller are facing mounting questions over why they neglected to tell the rest of the Obama administration about the in…
Waaaa.....
Na, they are raising cash for their new taxes. (Just teasing.) Funny thing is that I don't see any way for the tax debate to be resolved away from status quo.
Well, since older people don't seem to be or to want to be good stakeholders in tomorrow, I support turning the world over to these youngsters; the sooner the better. I've met many of them coming into the workplace as I was getting on to retirement.…
Reply to @MJG: Ummm, Well actually the field I profess to not understand is the economy part of econometric endeavor (including finance). I actually spent much of my life in the modeling. As I said, because I am a scientist I understand physical pro…
I guess theoretically, since it was Fed stuff, they could retire the serial numbers but someone would be a bit stuck. Maybe if they retire the numbers and notify the banks, the bank will let you know that you didn't have any money in that deposit en…
Reply to @MJG: Well, I'm on my way to nite-nite (old lady thing) but I did read the opening few paragraphs. Cute but I'm predicting no hot potatoes. It reminded me of a similar problem/ramble:
http://www.au.af.mil/info-ops/iosphere/iosphere_summer06…
Reply to @MJG: Many investors abandoned the equity marketplace near the bottom of the last downturn, and have never returned. Historically they leave at the wrong time, and are late to the rally party.
Could there be another similar class of invest…
Yea catch but it's better than what it probably will be a couple of years from now. It may be inadequate but only if your dementia is not well advanced so that you can chain shop.
Better just to ignore and get a real bucket for some of your gold. L…
It breaks my heart to see the integrity of the hard working civil servants/statisticians at BLS called into question. I wonder if any of these guys ever bothered to read a monthly report. BLS is very careful to explain the error in the monthly measu…
