Recent content by cletis

I was "reviewed", not audited in 05', 06' and 07' for taxes. It cost me about 1K each time. One of those years I did accidentally make a mistake, but the other two I still think the IRS burnt me. My yearly salary is pocket change to theirs. So how the heck did some of the current...

What do you think will come out of this? Do you think the current administration will pursue those involved? Cletis

My family also has a history of passing around 60yrs old. Recently we have had too many friends pass, mostly heart attacks 45-55 yrs old. Sure gets you thinking. The economy completely changed my plans also. Right now I'm in all cash situation and I hate my job. I can't fully retire but...

If you were to compare the market today with the market during the great depression, how much lower do you think the market would have to go to be equal to that time? Cletis PS. I have to quit thinking so much!

We recieved escrow $ back when we paid off the mortgage. I do remember trying to take care of the escrow ourselves but they wouldn't allow us to. Cletis

What happens to a mortgage if say Washington Mutual goes under? I paid off my mortgage 2yrs ago (thank the lord) and it was through Wmu. Who do you pay your mortgage payments to if they go under? Cletis

I don't think things will ever get that bad, mostly curious as far as "What if". Not sure where I received the info I have on FDIC, but I believe I was told that yes your insured but theres no telling "When" everyone would get their $ from the gov. if something were to happen. But I haven't...

1. How much money do you keep at instant accessibilty, say a safe in your home? 2. What is safer if things got really bad, as if alot of people made a run on a bank to pull all of their money, a mutual fund MM or a MM savings account at your local bank? Just curious Cletis

I've heard alot about how oversea's countries are still growing quite rapidly. Why is it that my oversea's funds have tanked as bad or worse than what I have in the states? Cletis

Just wondering if this is your psychological profile: When you are losing, you worry that you are losing. When you are winning, you worry that you might lose Well, I don't think so. I just would like to see a return, basically a reason to stay invested after 7+yrs. I feel like I'm...

I'm having a real hard time seeing the benefits of being invested in the market. I got invested around 2001 and preceded in losing 100K. It took 6-7 yrs to get that back. Now in the last month I've lost 30K and it doesn't look like it's going to stop there. I really can't wait another 6-7...

I've been very disappointed with my mutual fund returns over past years so this year I started moving in and out and I actually came out very well (but only the limit so as not to accure penalties for MT). I got out before the big fall the last couple wks and hope to get back in soon. The...

A little over a year ago I went form Hourly to Salary. I was working 12-16hrs a day. I slept 4-6 hrs a night. I slept extremely well. All I had to do was sit down and I'd be out. Now I mostly sit at a desk 8hrs. I have one heck of a time sleeping through the night without waking 2-3 times...

Depending on if you want to retire earlier than 59 1/2. I'd also build an account to take you from when you retire early to 59 1/2. Alot of the people I work with have substancial amounts built up, but can't touch it without penalties till 59 1/2. Cletis

I have about 175K in my 401. I've been contributing about 10yrs. In the beginning the company handled the 401 and we also had a committee that chose the funds. The last 8yrs we've had several diff fund managers. Prudential manages it now. Cletis