Talk about a feeling of panic. I looked and saw that BRKB was shown this morning by Google and Yahoo as down 46% in AFTER HOURS trading. I don't know what the explanation for that is, but it opened this a.m. only down a smidge. Yikes.
It may well have been incorrect.Talk about a feeling of panic. I looked and saw that BRKB was shown this morning by Google and Yahoo as down 46% in AFTER HOURS trading. I don't know what the explanation for that is, but it opened this a.m. only down a smidge. Yikes.
Unclemick, full of wisdom. BTW, your pension is basically an annuity, correct? You may not have had a choice to opt for anything else when you were working, but that is what you have and it is part of your income mix. That is all I'm advocating. Just a piece of the puzzle to possibly make me sleep a little easier.
BTW folks, I'm not a die hard annuity advocate. I just think for some, it can help be helpful product at some point in one's retirement. Now, time to head to the golf course.
Unclemick, full of wisdom. BTW, your pension is basically an annuity, correct? You may not have had a choice to opt for anything else when you were working, but that is what you have and it is part of your income mix. That is all I'm advocating. Just a piece of the puzzle to possibly make me sleep a little easier.
BTW folks, I'm not a die hard annuity advocate. I just think for some, it can help be helpful product at some point in one's retirement. Now, time to head to the golf course.
Pensions and Social Security ARE annuities, whether people believe it or not...........
Pensions and Social Security ARE annuities, whether people believe it or not...........
But no one is forcing you to "purchase" an annuity...
Have you checked out your Social Security taxes recently?
If one is LBYM - how does one cut back? Unless your means is very high, you already *have* cut the 'frills' from your budget.
It's not so difficult to understand. Perhaps your confusion resulted from the reference to "cutting back", which is not really the point.Originally Posted by Razor: "People that live below their means survive inflation better than those that don't. They adapt, cut back, substitute and make due."
I've seen this comment posted before - seems backwards to me.
If one is LBYM - how does one cut back? Unless your means is very high, you already *have* cut the 'frills' from your budget.
It has some characteristics of an annuity but IMO, it's not an annuity. Annuities are contracts. SS is not a contract and can be changed at will by Congress.I have known that traditional pensions are annuities, but is SS actually an annuity?
I think your broker would agree that an annuity can help in one's retirement. (HIS/HERS)
Annuities by contract can be changed by bankruptcy too; can't they? So the real point is that any annuity check next month is dependent on someone else. However, somehow I kind of trust the SS check a tad more that the AIG (or whoever) check, especially since I have already received about 100 of them so far along with about 350 from my "other annuity". Fortunately, thus far, the only changes in these checks is to increase in dollar value each year.
The original name of the Social Security Act was the "Old Age Pension Act", so it is a sort of annuity...........
Wrong country and too young for that one. England and AGE 70 - and it was free (no contributions). Predates SS a bit as it was enacted in 1908.
Thanks FD-strange how we Americans seem to copy the Brits in so much. I googled it "Old Age Pension Act" and it gave me the English version. I do agree that I do have 2 annuities. I even am open to a 3d and 4th one in 2013 when ALL of our IRA CD's (Traditional and ROTH) mature on the same date.
Especially in television. So many American shows are [-]inferior copies[/-] remakes of British originals. See e.g. All in the Family (originally Till Death Us Do Part), American Idol (originally Pop Idol), Men Behaving Badly, The Office, Queer as Folk, Sanford and Son (originally Steptoe and Son), Three's Company (originally Man About The House), Too Close For Comfort (originally Keep it in the Family), The Weakest Link, Who Wants to Be a Millionaire, etc.strange how we Americans seem to copy the Brits in so much.
Well, in 5 years, maybe CDs will be 8%, and you'll be whistling Dixie.........
Yeah and the South will rise again! Btw, the DOW is now officially in a bear market. I'm almost glad it closed in bear territory, maybe the talking heads will now start talking about when the next bull will begin.
Don't be so sure. If I couldn't take down USO by buying it, I don't think this will work either...I'm afraid that today will go down in history as the beginning of the end. I decided to start buying into the stock market today and I've noticed in the past that I'm able to move global markets by my actions. I also control the weather just by virtue of washing my car....
I'm afraid that today will go down in history as the beginning of the end. I decided to start buying into the stock market today and I've noticed in the past that I'm able to move global markets by my actions. I also control the weather just by virtue of washing my car....