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OptionManiac

OptionManiac
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  • Retirement's 4% Rule: Why Mr. & Mrs. Income Don't Need It (Part 1) [View article]
    Yes, people who have been collecting SS are glad they do. My father-in-law was a VP at NY Life in the 70's (when top management didn't make all that much) His pension ended up being less than he and my mom-in-law collected in SS (I did their taxes the last few years)
    Sep 1 08:00 PM | 5 Likes Like |Link to Comment
  • Retirement's 4% Rule: Why Mr. & Mrs. Income Don't Need It (Part 1) [View article]
    You are right. I am usually a pretty optimistic guy. I greatly appreciate the knowledge that you have imparted on this page. Lots of great info here. I do have people working for me who are on the edge, lots of them have been hit by some very bad luck. Some of them just haven't been able to get their act together. I think that quite a few on this site have not been as close to the "lower" populace than I am now. Health-care is a real issue. Do you know how many women whose daddy of their children disappeared won't take a raise because it cuts of the health-care to their kids?
    Sep 1 05:44 PM | 5 Likes Like |Link to Comment
  • Retirement's 4% Rule: Why Mr. & Mrs. Income Don't Need It (Part 1) [View article]
    Yes, poorhouses for the elderly. Hospitals were a place to go to die. Health-care problems can wipe out anyone's nest egg, leaving one to have to choose between dying young or dying poor. I know someone who did not get treatment for her breast cancer so she could spare her family. With SS, you are guaranteed an income, meager as it is, from month to month.
    Aug 31 06:02 PM | 5 Likes Like |Link to Comment
  • If a CEO was running the show in the U.S., the option on the table would be to raise taxes and cut spending at the same time, Buttonwood writes. It's not only the rapid pace of government spending that has led to ballooning deficits, but tax receipts have fallen off since 2000. Will anyone in Congress dare suggest the idea?  [View news story]
    Right on, we don't solve problems like that in our company. Leave the ideology at the door and start thinking outside the box.
    Jun 30 06:26 PM | 5 Likes Like |Link to Comment
  • Much of the higher tax burden Europeans pay is "illusory," Bruce Bartlett writes, since they pay health insurance premiums through their taxes rather than through lower wages, as Americans do. The Euro way may or may not be any better, "but the idea that Europeans are enslaved by high taxes, as most American conservatives believe, is just nonsense."  [View news story]
    Guaranteed health-care = freedom. Freedom to start up a company while not having to find a way to protect my family. Freedom to change jobs and not stay with a crappy job because of a pre-existing health problem, or the better job does not have health-care. And no, not free health-care, but health-care that we pay for and is there. Health-care that is not at the whim of my employer. I work with someone whose wife had cancer and his employer discontinued the company health-care. Needless to say, he went bankrupt while working a full time job.
    And I will sign a petition that allows anyone to opt out of the system, as long as they agree to pay in FULL before ANY treatment. My wife works in a dental office and the biggest losers who don't pay live in the biggest houses.
    Jun 7 06:00 PM | 5 Likes Like |Link to Comment
  • After falling 7.6% yesterday, H&R Block (HRB -2.3%) is still paying today for a 14-year-old business decision: getting into subprime lending. Damages that could reach to $12.8B are likely to overshadow near-term net positives.  [View news story]
    You still have to file a return, and alas, no matter how simple some people's taxes are, they can't even do the simple math.
    May 10 12:02 PM | 5 Likes Like |Link to Comment
  • Research from Bloomberg New Energy Finance suggests large solar-panel projects may surge over the next two years - with prices competitive with coal, and dropping by 50% to $1.45/watt to build by 2020. "We are already in this phase change and are very close to grid parity," says one CEO.  [View news story]
    One has to look at the total cost of coal, including disposal of the waste. (I burned coal in my woodburning stove at one time, a lot of ash to get rid of). More deaths are caused by using coal each year than any other for of energy. (10,000 miners alone in China each year).
    Apr 6 11:39 AM | 5 Likes Like |Link to Comment
  • Regulators proposed yesterday that borrowers be required to make at least a 20% down payment in order to get the best mortgage rates, a move meant to reduce the number of risky mortgages. Critics say the 20% threshold is too onerous for many working-class borrowers.  [View news story]
    Hey, I'm a liberal but I totally agree with the 20% down. Home ownership has been given too much importance - in the new economy and job market - mobility is necessary.
    Mar 30 08:22 AM | 5 Likes Like |Link to Comment
  • Rep. Dave Camp (R., Mich.), chairman of the House Ways and Means Committee, wants to cut the top U.S. tax rate to 25% for individuals and corporations. Though it's unlikely the measure will be approved anytime soon, it helps set the agenda for what will likely be a multiyear debate over revamping the tax code.  [View news story]
    See the link below:

    news.yahoo.com/s/ac/20...;_ylt=AhMAtV4xDzM9RJJj...


    Graph shows rich now have one of the lowest tax burdens in history, not so for the middle class!! Not fair to tax the rich at a higher rate? Then tax EVERONE a straight 20-25%. That would be "fair". The poor will be poorer, the middle class poor. But fair is fair!! Who does get what to say what tax rate is fair?
    Mar 17 02:28 PM | 5 Likes Like |Link to Comment
  • In one of the broadest challenges to organized labor in decades, Republican senators in Wisconsin maneuvered around Democrats last night to pass legislation stripping public employee unions of collective bargaining rights. Several other states also will try to tamp down union power while cutting budgets.  [View news story]
    If only we could break the backs of all unions and bring all wages down, my companies' stock would soar!!

    Why didn't the good governor treat the unions like adults and talk face to face? The mayor of Atlanta brought union members a group at a time into his office and explained to them why he needed concessions to save the city. He got them, balanced the budget, and was able to revive some city services. But, this is the age of get in your face and shout my ideologies and I don't care what you think.
    Mar 10 10:43 AM | 5 Likes Like |Link to Comment
  • Social Security is beginning to pay out more than it takes in, but Robert Reich says there's an easy fix: Raise the ceiling on earnings that apply to the payroll tax. There’s no reason even to consider reducing Social Security benefits or raising the age of eligibility.  [View news story]
    I think the math won't work. Can't opt out today when it goes to present retirees and not to future. I will repeat myself. SS was a great program to keep the elderly out of the poorhouse, but many people retiring now are not the elderly. 65 used to be old, it isn't anymore. If the retirement age was allowed to rise over all these years, the poor would be paying a heck of a lot less in payroll taxes, by far their highest tax.
    Feb 17 11:12 AM | 5 Likes Like |Link to Comment
  • The new "normal" unemployment rate - pegged by most before the financial crisis at 5% - may have had its center kicked up to 6.7%, according to a new SF Fed paper. Longer-term joblessness, extended benefits and structural mismatches might be impeding any decline to the 5% mark.  [View news story]
    I have not heard from one pundit that there is no problem with unemployment.
    Feb 15 11:12 AM | 5 Likes Like |Link to Comment
  • Mexico Will Follow Egypt Into Collapse [View article]
    Yeah, I was in Mexico during the last presidential election. At least the people felt like they had some hand in steering their government. Let's face it, Egypt was run by a dictator, the citizens were looking for empowerment.
    Feb 1 08:14 PM | 5 Likes Like |Link to Comment
  • The Truth About the U.S. Housing Market [View article]
    RR closed the CA hospitals - but homeless have nothing to do with real-estate since the are, well, homeless. Plenty of areas in SF have been gentrified, let's start with Haight-Ashbury - hippies moved there because it was run down and cheap - pretty expensive place to live now. Cincinnati is building condos in over-the-rhine, not much crying about it going on. My daughter lives in Arlington, VA, the homeless are right there amongst the yuppies. She tried to buy one a burger, but he turned out to be a vegan.
    Jan 8 04:17 PM | 5 Likes Like |Link to Comment
  • The Truth About the U.S. Housing Market [View article]
    Oh, I agree. Smart regulation as opposed to dumb regulation and no regulation. Here in my neck of the woods, farmland disappears because it is inherited and the kids don't want it (oh, maybe five or so acres, and no not because of inheritance taxes, farms here are small). There may be some zoning, but farmland is turned into subdivisions or 5 acre farmettes willy nilly. Urban land restrictions? I think most urban areas have plenty of places to expand, if only people saw gentrification of blighted areas as an improvement. And people with the guts to move into the rotten area.
    Jan 7 09:25 AM | 5 Likes Like |Link to Comment
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