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N2EY wrote:
In article , Mike Coslo writes: Suggest you young pups and baby boomers start worrying about your Social Security rather than the demise of Amateur Radio in 170 to 500 years or so (pick a decline stat) I decided a couple decades ago not to depend on SS for retirement. If I get something from it, great. But I'm not counting on it. SS is not a retirement plan. Agreed. It's supposed to be a safety net. It is a mistake to count any money from it a a given. Agreed! But I do have a few questions about privatized SS. What happens if the Stock market tanks the month before your retirement? You're in trouble. Indeed. It happened in 2000, it will happen again. Unless there are strong protections, (which will end up a huge drain on the 'Guvmint) there may be people who suddenly find themselves poor. There's a basic rule of investment that return and risk are directly connected. If you want low risk you have to accept less return. One would think that even a lackluster student like Shrub would understand that concept, but he once again proves his basic nature as a forty watt bulb in a hundred watt socket. Unfortunately, humans often don't act that way. In fact I knew a few folks that wanted to "get just a little bit more" for their retirement. Their investment counselors actually allowed them to move their money from safe investments to risky ones. All for the sake of a few more dollars a month. Yoiks! And widespread gambling in the US is testament to that fact. What are the politicians going to raid for extra money? They don't look that far ahead. Heck, they're not even concerned about paying back the money already borrowed from the SS system. I guess the money isn't "borrowed" then is it? The part I look forward to is going to be how they try to blame THAT on the leeburalls........ 8^) - Mike KB3EIA - |
In article . com, "bb"
writes: Instead of Morse Myths, we should start SS Myths. Where's Aaaron Jones when you need him? Sorry, Brian, we can't talk about "SS." That's a dreaded "nazi" thing that greatly disturbs the Avenging Angle who wasn't born until 10 years after the end of WW2. "Time flies like the wind but fruit fllies like bananas." - anon. |
Mike Coslo wrote: bb wrote: Mike Coslo wrote: N2EY wrote: In article 7stNd.29333$xt.17700@fed1read07, "Caveat Lector" writes: "N2EY" wrote in message ... In article ou7Nd.29092$xt.13666@fed1read07, "Caveat Lector" writes: Oh gee -- the USA ARS License numbers are decreasing about 2% in 5 years Lessee...4,812/699,580.... Actually it's less than 1% loss in a little under 5 years! At that rate in 500 years, we will be a dead dodo (Ain't statistics wundeful wunderful?) Yup. How about this one: If a number decreases 2% every 5 years, it will be down to just about half the original number in 170 years. Gawd we are doomed Yeah! Suggest you young pups and baby boomers start worrying about your Social Security rather than the demise of Amateur Radio in 170 to 500 years or so (pick a decline stat) I decided a couple decades ago not to depend on SS for retirement. If I get something from it, great. But I'm not counting on it. SS is not a retirement plan. It is a mistake to count any money from it a a given. But I do have a few questions about privatized SS. What happens if the Stock market tanks the month before your retirement? Must your IRA all be in the market? Retirement investment must include safer places to park your money. Look at the Federal retirement system. Look at your state retirement system. Look at your teacher's retirement system. Is is all in the market? Is it all out of the market? Or is it a balance of the two? Greed, that potential bad character that we have tapped and used for good in out semi capitalist system, is an almost irresistible pull on some people. I'm sure that greed doens't exist in semi-socialist sytems, so why don't we just get it over with and switch? I know quite a few people who during the mid to late '90's were so impressed by the stock market goings on, that they put all or most of their retirement investments in risky, high yielding investments. A couple invested exclusively in Tech stocks. Guess how much money they have today? (answer - not a whole lot) They won't be retiring early *or* soon. Were those retirement investments outside of a conventional pension plan? On the other hand, I was very careful with my retirement investments, and didn't lose anything. All I did was take a hit in my earning rate. Until the bubble burst though, Len wasn't the only person that thinks I'm a dimbulb! Aren't you a University of PA employee? Just how much control do you have over your state employee and school employee retirement funds? What are the politicians going to raid for extra money? - Mike KB3EIA - They'll start running drugs again. Americans love drugs. HOWL! Just an idea. I'm sure it's never been tried before. |
N2EY wrote: In article , Mike Coslo writes: Suggest you young pups and baby boomers start worrying about your Social Security rather than the demise of Amateur Radio in 170 to 500 years or so (pick a decline stat) I decided a couple decades ago not to depend on SS for retirement. If I get something from it, great. But I'm not counting on it. SS is not a retirement plan. Agreed. It's supposed to be a safety net. It is a mistake to count any money from it a a given. Agreed! But I do have a few questions about privatized SS. What happens if the Stock market tanks the month before your retirement? You're in trouble. Unless there are strong protections, (which will end up a huge drain on the 'Guvmint) there may be people who suddenly find themselves poor. There's a basic rule of investment that return and risk are directly connected. If you want low risk you have to accept less return. One would think that even a lackluster student like Shrub would understand that concept, but he once again proves his basic nature as a forty watt bulb in a hundred watt socket. What are the politicians going to raid for extra money? They don't look that far ahead. Heck, they're not even concerned about paying back the money already borrowed from the SS system. 73 de Jim, N2EY So Jim thinks that Bush will mandate Tech Stocks as the only investment strategy for SS diversions? How about Gold? OJ futures? Shirley Bush will see the wisdom in futures? Jim thinks that one could not tailor their SS diversions according to their nearness to retirement? Jim holds no stock market investments. Jim's pension plan holds no stock market investments. Jim is a 100% treasury note kind of guy. Jim is safe. Jim is smart. Jim thinks Jim is the only 100 watt bulb around. Jim could get us to the moon and back. Hi! |
bb wrote:
Mike Coslo wrote: bb wrote: Mike Coslo wrote: N2EY wrote: In article 7stNd.29333$xt.17700@fed1read07, "Caveat Lector" writes: "N2EY" wrote in message ... In article ou7Nd.29092$xt.13666@fed1read07, "Caveat Lector" writes: Oh gee -- the USA ARS License numbers are decreasing about 2% in 5 years Lessee...4,812/699,580.... Actually it's less than 1% loss in a little under 5 years! At that rate in 500 years, we will be a dead dodo (Ain't statistics wundeful wunderful?) Yup. How about this one: If a number decreases 2% every 5 years, it will be down to just about half the original number in 170 years. Gawd we are doomed Yeah! Suggest you young pups and baby boomers start worrying about your Social Security rather than the demise of Amateur Radio in 170 to 500 years or so (pick a decline stat) I decided a couple decades ago not to depend on SS for retirement. If I get something from it, great. But I'm not counting on it. SS is not a retirement plan. It is a mistake to count any money from it a a given. But I do have a few questions about privatized SS. What happens if the Stock market tanks the month before your retirement? Must your IRA all be in the market? Retirement investment must include safer places to park your money. Look at the Federal retirement system. Look at your state retirement system. Look at your teacher's retirement system. Is is all in the market? Is it all out of the market? Or is it a balance of the two? Greed, that potential bad character that we have tapped and used for good in out semi capitalist system, is an almost irresistible pull on some people. I'm sure that greed doens't exist in semi-socialist sytems, so why don't we just get it over with and switch? Huh? I don't understand. I know quite a few people who during the mid to late '90's were so impressed by the stock market goings on, that they put all or most of their retirement investments in risky, high yielding investments. A couple invested exclusively in Tech stocks. Guess how much money they have today? (answer - not a whole lot) They won't be retiring early *or* soon. Were those retirement investments outside of a conventional pension plan? No. Where I am at, there are two retirement plan options. One is with the state, and the other allows you to "customize" your plan with your investment options. On the other hand, I was very careful with my retirement investments,and didn't lose anything. All I did was take a hit in my earning rate. Until the bubble burst though, Len wasn't the only person that thinks I'm a dimbulb! Aren't you a University of PA employee? Penn State. U of Pa is the one in Philadelphia. Just how much control do you have over your state employee and school employee retirement funds? Those two plans. We also have an additional TDA possibility from various companies. On the state plan, there is not a lot you can do. On the other plan, there are more investment options. What are the politicians going to raid for extra money? - Mike KB3EIA - They'll start running drugs again. Americans love drugs. HOWL! Just an idea. I'm sure it's never been tried before. - Mike KB3EIA - |
Michael Coslo wrote: bb wrote: Mike Coslo wrote: bb wrote: Mike Coslo wrote: safer places to park your money. Look at the Federal retirement system. Look at your state retirement system. Look at your teacher's retirement system. Is is all in the market? Is it all out of the market? Or is it a balance of the two? Greed, that potential bad character that we have tapped and used for good in out semi capitalist system, is an almost irresistible pull on some people. I'm sure that greed doens't exist in semi-socialist sytems, so why don't we just get it over with and switch? Huh? I don't understand. "Social" security. Get it? And some of the greediest people were socialists. I know quite a few people who during the mid to late '90's were so impressed by the stock market goings on, that they put all or most of their retirement investments in risky, high yielding investments. A couple invested exclusively in Tech stocks. Guess how much money they have today? (answer - not a whole lot) They won't be retiring early *or* soon. Were those retirement investments outside of a conventional pension plan? No. Where I am at, there are two retirement plan options. One is with the state, and the other allows you to "customize" your plan with your investment options. Do they limit your options to somewhat wise, conservative investments? Or are you options wide open? Probably not. The Federal Government would likely put limits on the types of investments you could make with your SS diversion. No gold and platinum futures, for example. As you graduate to an older age group, they would probably change the investment vehicles available. Gosh! But that's just me thinking out loud. I heard from Al Franken that Bush doesn't want any ideas on this matter. On the other hand, I was very careful with my retirement investments,and didn't lose anything. All I did was take a hit in my earning rate. Until the bubble burst though, Len wasn't the only person that thinks I'm a dimbulb! Aren't you a University of PA employee? Penn State. U of Pa is the one in Philadelphia. The point is that you do have a government pension plan. Just how much control do you have over your state employee and school employee retirement funds? Those two plans. We also have an additional TDA possibility from various companies. On the state plan, there is not a lot you can do. On the other plan, there are more investment options. TDA? Is that like a supplemental, tax-deferred investment option? Ohio has a 457, "deferred compensation," plan, which is in addition to the public employees retirement system. http://nrsretire.nrsservicecenter.co...ome/?Site=Ohio Ohio also has five (5) public employees retirement systems for some reason. http://ohio.gov/Retirement.stm If you want to see something scary, look at the Federal Employees Retirement System. They tell you right up front that SS is "the rest of your retirement." Not the so called safety net that Jim and FDR described it as. |
Mike Coslo wrote: N2EY wrote: In article , Mike Coslo writes: They don't look that far ahead. Heck, they're not even concerned about paying back the money already borrowed from the SS system. I guess the money isn't "borrowed" then is it? The part I look forward to is going to be how they try to blame THAT on the leeburalls........ 8^) - Mike KB3EIA - Shouldn't be a problem. For all the democratic years that the fund has been raided, noone has ever tried to pay it back. |
bb wrote:
Michael Coslo wrote: bb wrote: Mike Coslo wrote: bb wrote: Mike Coslo wrote: safer places to park your money. Look at the Federal retirement system. Look at your state retirement system. Look at your teacher's retirement system. Is is all in the market? Is it all out of the market? Or is it a balance of the two? Greed, that potential bad character that we have tapped and used for good in out semi capitalist system, is an almost irresistible pull on some people. I'm sure that greed doens't exist in semi-socialist sytems, so why don't we just get it over with and switch? Huh? I don't understand. "Social" security. Get it? And some of the greediest people were socialists. Greed is not limited to any one group. I know quite a few people who during the mid to late '90's were so impressed by the stock market goings on, that they put all or most of their retirement investments in risky, high yielding investments. A couple invested exclusively in Tech stocks. Guess how much money they have today? (answer - not a whole lot) They won't be retiring early *or* soon. Were those retirement investments outside of a conventional pension plan? No. Where I am at, there are two retirement plan options. One is with the state, and the other allows you to "customize" your plan with your investment options. Do they limit your options to somewhat wise, conservative investments? No. Or are you options wide open? Probably not. I'm not on the system with lots of options, so I'm mentally paraphrasing here a bit: There are a number of options in which you can spread percentages of your money. Those options run the spectrum from blue chip to high yield, high risk. Your retirement income is based on your contributions and how well the investments did. The Federal Government would likely put limits on the types of investments you could make with your SS diversion. Ho-boy, another Federally controlled system. 8^) No gold and platinum futures, for example. Probably a good idea. As you graduate to an older age group, they would probably change the investment vehicles available. Gosh! One of the people I know that lost a lot of money was thinking that. He said that two years before retirement, he was going to pull his money out of the high risk stuff and put it into the "safe" stuff. But that's just me thinking out loud. I heard from Al Franken that Bush doesn't want any ideas on this matter. On the other hand, I was very careful with my retirement investments,and didn't lose anything. All I did was take a hit in my earning rate. Until the bubble burst though, Len wasn't the only person that thinks I'm a dimbulb! Aren't you a University of PA employee? Penn State. U of Pa is the one in Philadelphia. The point is that you do have a government pension plan. Yup. Just how much control do you have over your state employee and school employee retirement funds? Those two plans. We also have an additional TDA possibility from various companies. On the state plan, there is not a lot you can do. On the other plan, there are more investment options. TDA? Is that like a supplemental, tax-deferred investment option? Ohio has a 457, "deferred compensation," plan, which is in addition to the public employees retirement system. Yup, that's it. http://nrsretire.nrsservicecenter.co...ome/?Site=Ohio Ohio also has five (5) public employees retirement systems for some reason. http://ohio.gov/Retirement.stm If you want to see something scary, look at the Federal Employees Retirement System. They tell you right up front that SS is "the rest of your retirement." Not the so called safety net that Jim and FDR described it as. I see they have three different plans, Social Security, a basic benefit plan and a thrift savings plan. Looks pretty much like a typical plan group. - Mike KB3EIA - |
Len Anderson wrote: In article .com, writes: Ask Len - he's our resident liberal. But it isn't a Morse code testing issue..... That's why he'll go on at length about it. He talks about all kinds of things that have nothing to do with Morse Code testing. And when somebody *does* try to discuss Morse Code testing in a civil, rational way with him, he calls the person names and does the old ad-hominem game. Interesting TROLL technique. Yields the first impression that someone else is ten kinds of badness; i.e., a disguised ad hominem, done up in righteous flag-waving wrapping. Absolutely the very same "technique" you have employed in this forum over and over and over and........ Tsk. My "liberality" in here is basically about the removal of morse code testing from the U.S. amateur radio license exam. And taking liberties with the truth... Is that some kind of heinous "political liberality?" Is it the mouthing of some Antichrist? Is it a personal pejorative on someone? I don't think so. Of course you don't. You have no stake in any of what you propose, nor will any of the changes you propose have any effect on you. Retention of the morse code test seems to be ingrained in the psyche of conservative old-time hams who absolutely insist on keeping that code test forever and ever. You have no stake in any of what you propose, nor will any of the changes you propose have any effect on you. Morse code mode IS ham radio to some of those morse mavens. They must remain as a living museum to archaic communications modes and desire all kinds of "respect" (they are "superior" to all those that don't want or care for on-off keying modes) and "recognition of greatness" (because they bought into the morse myths long ago and can't admit to being deceived). They see themselves as "leaders" in everything and look down on all others if those others are against morse code testing. Here we go with LennieTroll #3764... These die-hard morse mavens (unable to look good in a Bruce Willis toupee and tee-shirt) call anti-morse-test advocates as "liberal" in all things because morse testing and the morse mode is righteous "conservatism"...because morsemanship is their thing and they are "superior" from that. But you ARE a "liberal", Lennie. You show gross disrespect for the Armed Forces by misrepresenting your own service therein and taking the sacrifices of others as your own. Just like your Hero William Jefferson Clinton, you take liberties with redefining "truth", and any other definition based upon how hard the hammer's being dropped on your head. Most of the time it's pretty hard since you keep insisting on psoting deceitful and bogus tripe. Political commentary on national and international politics belongs in a political newsgroup. Here we have "this is an unmoderated newsgroup"/"you are not a moderator" Lennie Anderson telling us what we can discuss, where we can discuss it, etc. Skill in morsemanship does NOT make for informed expertise on national politics, national economics, finances, medical expertise, or choo-choo train stuff. Nope...but it DOES make us qualified to be licensed Radio Amateurs, a feat you have yet to accomplish. Moresemen want to give that impression...but their impressions hardly make a dent in Play-Dough from their righteous hammerings. They obviously DO "make an impression" because you feel compelled to keep coming in here and making issue os practices and policies for an avocation in which you are not a participant. On the other hand, morsemen come in here to vent their tumultuous frustrations of everyday life on others and wildly abandon any trace of civility or composure by yelling badness at others (see the Mad-Dog Mattis morseman's outrage). "Morsemen" have a reason to be in an Amateur Radio forum, but who is "Mad-Dog Mattis"...?!?! Or they adopt the holier-than-thou personna of the morse minister out to save the heathen souls who will not worship their false idols made of brass from brass-pounding (see Rev. Jimmy Who when not giving a Sermon on the Antenna Mount). Who is "Reverend Jimmy"...??? What "sermon"...??? All of those self-righteous morsemen are "superior" because they have lifted themselves by their own bootstraps. Whelp, Your Putziness, that IS what Amateur Radio is all about. Part 97 refers. They are above all others because of that. All against morse code testing are "inferior" because they do not love morse. Other than you, who said that, Lennie? Names? Posts? Show your work. As a result we have the rabid flaming personal warfare where the self-righteous morse test advocates must win all arguments by ANY means possible. Their "means" are perfectly acceptible. Replies in opposition are always wrong, always a personal insult. It is the PCTA "holy calling." Holy cow. Sacred cow. Mooo. Booo. Guess you really got soemthing started, eh Lennie? More than one poster has, on more than one occassion, redirected the use of such tactics, only to have YOU dig in deeper. "Reasonable discourse" in here ended years ago. You mean "No one kneels down and pays me proper respect"...!?!? What sis you expect? You're a documented liar. Who can respect that? PCTA in excelsior! [packed in wood chips ready for shipping] You were saying about pejoratives...??? Putz Putz Steve, K4YZ |
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