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 -