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Old 10-16-2007, 03:45 PM   #41
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Originally Posted by kcowan View Post
From The Daily reckoning:

I think that sums up many of the differences.
Pretty much, we went from a nation of savers to a nation of spenders in one generation, and now we have a "policy of entitlement" that kids born today are made to embrace........

35 years ago,only 5% of all Americans were FI. Today, the number is still only 5%, even though we have 401K's, Roth IRAs, etc, etc. Bottom line is, the 5% found a way to do it before all these tools, and the SAME 5% are doing it with the tools.

Since hardly ANYONE is maxing out their 401K, etc, why don't they make the amount you can take out UNLIMITED, it's not like 95% of the folks will do it anyway...........

Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

This Thread is USELESS without pics.........:)
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Old 10-16-2007, 04:02 PM   #42
Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2003
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You know that not too far from that Montlake Terrace spot in the article a certain ding dong relative of mine who thinks New England has a good football team this year RENT/S the guest cottage in an airplane hanger/ is married to a conservative Republican /wonders over the phone(Saint's are/were stomping Seattle) how her oldest son can afford to put in a bid on a house in DC on military pay with a non working wife and two kids 1 and 3. She is putting the over age 50 catch up amount into her 403(she had to ask Hubby) - in money market.

her oldest son actually asked me - how should I invest (getting married, fresh out of the Academy) 1994.

1. DON'T read any investment books! - except this one I'm giving you/Bogle on Mutual Funds.
2. Auto deduct the max military TSP equivalent of Index 500.(1994 remember!).
3. Concentrate on your day job - make sure your takeoffs=your landings. Don't waste time watching the market.

Sooo - maybe the Pat's have a good team this year/undefeated/ but who's looking.

heh heh heh - and my sister actually asked - why didn't I move back to my old stomping grounds - when she was treating me to an expensive Starbucks in Kent, Wa. I think I'll stick with the yellow brick road in Kansas - it's around here somewhere!

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