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whysaduck

whysaduck
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  • Enbridge Vs. Transcanada [View article]
    It's a scream that despite conceding that aging pipelines are hazardous which is the point I made starting this thread you attempt to belittle me in a manner as ludicrous as it is lengthy. I do invest otherwise how would I even know or care about the existence of SA? Perhaps the one suffering from "paranoid-ism" is you. And you really should get a life before commentating on its risk factors.
    May 3, 2015. 11:30 AM | Likes Like |Link to Comment
  • Retirement Strategy: The Politics That Could Affect Our Retirement Portfolios And Income [View article]
    Bill Clinton, for all his faults, put it best, the Republicans (read right-wingers) have the nerve to blame Obama for not cleaning up the mess they made fast enough. They (read you) also pander bigotry by distorting the immigration issue. Obama favors bringing the "Dreamers" in from the cold, young people who often without their knowledge, were foriegn born but know country but America and are intimately acquainted with no culture but American culture. The trouble with progressively increasing fines on employers is that it must be proven they knowingly hired illegals. There has been a lot of technological advancement since passage of the Simpson-Mazzoli Act but as the law stands now none of it is required to be applied to immigration. Speaking of Simpson-Mazzoli the record proves your obstinsive hero, Ronald Reagan had a more pragmatic approach to the immigration issue than you right wingers.
    May 3, 2015. 11:14 AM | 3 Likes Like |Link to Comment
  • Straight Talk On The 4% Rule [View article]
    Silverspoon, unlike the trust funds available to the wealthy a traditional IRA or 401k plan rehires its owner to withdrawal principle over his/her expected lifetime for tax purposes. Of course whether one spends, saves, reinvests or some combination of the three is a function of one's circumstances. For myself I plan to begin withdrawals before the end of this year from my traditional IRA, which includes rollovers from 2 401k accounts, and keep my Roth IRA in reserve. BTW this Roth has done very well being invested in a leading health care fund which plans to close to new investors on June 30th, I suspects other health care funds will do the same in the nea future. Obviously you can do far worse than be in such a fund, to anyone contemplating such a move don't procrastinate.
    May 2, 2015. 10:10 AM | 1 Like Like |Link to Comment
  • HCP Is Prepared For The Baby Boomers And Their Golden Years [View article]
    Thomas, while it may be true your comment has little to do with HCP or its competitors my response is if they only aspire to serve a minority of well off seniors its their loss. It simply stands to reason then that the real money will be in generic nursing homes as it has been.
    Feb 8, 2015. 04:25 PM | Likes Like |Link to Comment
  • Retirement Strategy: The Politics That Could Affect Our Retirement Portfolios And Income [View article]
    "the current administration has done nothing except throw up roadblocks and watch", sigh, I should avert my attention since November is turkey month (and yes I do know I'm posting in Feburary) but once again here are the true facts and not the assertions you right wingers prefer to believe. The Obama Administration augmented the emergency measures began under the GWB/Darth Cheney/Hank Paulson regime (and both Obama and McCain interrupted their campaigns to come back to DC to vote for) that bailed out our financial sector and I'll concede the continued existence of the moral hazard but the alternatives were letting the dominoes fall or truly socialist seizure of the most vulnerable companies. That's why only lip service was given to ending "too big to fail", with the Bank of America acquiring Countrywide and Merrill Lynch and Wells Fargo getting Wachovia to use 2 examples coming off the top of my head. The same holds true for the traditional big 3 automakers and YES I do know Ford didn't get TARP money but it DID get a government loan for transiting some facilities toward electric vehicles and did participate in the cash for clunkers program. It was the most financially fit of the big 3 in 2009 but that's not saying much, it's stock was going for less than two bucks back then but has gotten into the high teens since. You may say they would enjoy essentially a quasi monopoly today with Toyota today but I'll go with a more realistic inference is the crises of confidence prevalent in '09 would have bankrupted Ford soon after the other 2. I could go on with Obama's other achievements but why bother? There's no reasoning with people hell bent to believe he's a foriegn born "Muzzy" socialist agent of Satan or whatever.
    Feb 1, 2015. 11:28 AM | 1 Like Like |Link to Comment
  • Enbridge Vs. Transcanada [View article]
    "You continue to abuse the language" That doesn't make sense but at least you're succinct unlike say, Sarah Palin at the big right wing conflab in Iowa the other night. Good luck to you as well.
    Jan 26, 2015. 09:56 AM | Likes Like |Link to Comment
  • Enbridge Vs. Transcanada [View article]
    Rest assurred I am familiar with the basic purpose of the corporate form of business operation that being limited liability. The huge risk, I concede that is a relative term, is that of theoretically losing up to 100% of one's investment due to litigation, which if too successful for the defendant corporations bod to swallow, would cause them to seek bankruptcy protection. What you call "quite unusual events" are becoming progressively less unusual, the recent emission into the Yellowstone River, for example, was the second in recent years, their have also been, to say the least, significant ruptures in Arkansas and Michigan in recent years. I'm relying on memory for those cases, refuting you is not worth the effort of goggling, but of course your free to do so. I have no problem with lacking credibility with the obtuse since there's no way that describes 100% of SA readers. Do not presume to speak for anyone but yourself.
    Jan 24, 2015. 10:10 AM | Likes Like |Link to Comment
  • Enbridge Vs. Transcanada [View article]
    Anyone invested in any pipeline company is taking a huge risk in the form of corrosion of the pipeline over the course of decades. Not that this is only future tense since pipelines built as far back as the fifties are now spilling at an alarming rate, the as of this posting real time in the Yellowstone River only the latest example. The Keystone Pipeline will not become law on Obama's watch and while I'll demur on predicting the outcome of the 2016 election one safe prediction is the more than 100 landowners holding firm against settling with Transcanada will still be litigating when Obama is no longer President. Add to that the Canadian Tar Sands do not yield the cleanest oil in North America, now ex Senator Mary Landrieu notwithstanding, but the dirtiest oil on Earth. Would you want this sludge flowing through your town or county?
    Jan 23, 2015. 10:37 AM | Likes Like |Link to Comment
  • 9 Hot Healthcare Dividend Dogs Dog 12% To 46% December Upsides [View article]
    I've done well with Omega Healthcare (OHI) a REIT specializing in medical properties. Of course being a REIT it is better to hold in a tax advantaged plan than outside one.
    Jan 4, 2015. 12:31 PM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    Actually the law is you can withdraw your contributions without penalty provided the Roth account is no less than 5 years old starting January 1 the year you begin the account.
    Jan 3, 2015. 10:20 AM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    When you participate in a 401k you are not merely buying and holding you are dollar cost averaging as well which is pretty much the best thing most people do in the stock market.
    Jan 3, 2015. 09:56 AM | 1 Like Like |Link to Comment
  • Ditching The 401(k) [View article]
    You may disagree but I regard 25k, at least for a single person, as a moderate income and I wouldn't be so quick to disparage a moderate income persons chances of contributing "anything significant towards retirement." You've made no allowances for age and even with the insane costs of higher education these days and the continuing lagging of job growth there is still a chance, a grand from a 25 year old is a lot more significant than a grand from a 55 year old. On the other hand we've all heard stories of rock and sports stars, lottery winners and upper class wastrels losing millions.
    Dec 30, 2014. 11:20 AM | 2 Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    Who is your source for the contention your employer has no fiduciary responsibility to review its 401k options, "Marge"? I have no deeper understanding of the law(s) regarding retirement plans than that of an interested layman but I'll bet you a lunch if you get into the weeds of the tax code you'd read of a different story.
    Dec 30, 2014. 10:54 AM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    "(I am not a tax expert)" Paul, at least that of your post is true. Any withdrawal, that is not a loan but a permanent withdrawal, in either a pre tax 401k (which I believe is how most are still structured) or a traditional IRA before the age of 59 1/2 will trigger a tax penalized event, that is taxed both at your regular bracket plus a 15% penalty. To transfer to a new account be sure to specify you want a direct transfer not a rollover. This may come off as eye rolling legal mumbo jumbo but a rollover means taking physical control of the outgoing funds via check which necessitates withholding and then paying the amount withheld to your new account before fileing your return or else, you guessed it, getting the shaft from the IRS. A Service Rep. with your new plan will be happy to help you with the logistics of avoiding that.
    Dec 29, 2014. 08:07 PM | Likes Like |Link to Comment
  • Ditching The 401(k) [View article]
    If you are truly secure in your job you don't have a big problem but it would be less risky to contribute enough to take advantage of your companies match, if any, and then put away as much as you can in a Roth. I'm not a professional financial advisor but I know of those that agree with me.
    Dec 29, 2014. 07:45 PM | 1 Like Like |Link to Comment
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