hubby always had his sm
Posted By: fixed funds on 2008-11-13
In Reply to: not retired - Long-time MT(NY)
in fixed funds. People over the years made fun of him. Now is the one laughing. He has more in his retirement than any of them after the crash. Doesn't pay to make fun of others.
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Here's to your hubby
challenges that lay ahead in reaching our destination and restoring the greatness of our nation, block by block, brick by brick. Cannot think of a better path to take than one of "community enrichment." Good luck to him and I'll just bet he will rise to the challenge and be the one who grasps the brass ring. Please keep us posted.
Hubby says (and I believe him) that
he saw this coming. That a friend of ours who hoarded his money all these years will be going to the grocery store with a wheelbarrow full of cash just to buy a loaf of bread.
He also said that his father told him back in the late 50s that there would be a depression like you never saw, bigger than ཙ and worse. I'm beginning to believe it.
I'm starting to wonder about those 2. LOL
My hubby and I feel that
we shouldn't just be handing money out to these banks to bail them out for their misdeeds and we shouldn't be bailing out people who were financially irresponsible. I truly don't know what the answer is here, but how is it fair to bail out crooks on wall street and/or people who have overextended themselves? The people we should be helping are the ones who were responsible with their money and finanaces and are now suffering because of crooks and low lifes who weren't responsible. Those are the ones who deserve help. The other ones made their beds. Let them lie in it.
Your hubby is one of the lucky ones
My father didn't get his and neither did I.
Hubby and I both lost $5K. Not much
if it would have been 6-digits, but it wasn't. We moved our money to the Money Market IRAs. That stopped the fall, and I've been hoping to get back into something soon, but it doesn't look like it's going to happen.
We knew we didn't have enough to retire on, but were hoping it would be higher than it is now. Mine was doing great until November. His was really a flat line and I was planning on rolling his over to the company I am with last September.
Some people are destined to make money, others are destined to work their butts off to survive. I know friends that....everything they touch, turns into money, while we work twice as hard and everything we touch, turns to dust. Oh, well. That's the breaks.
If her hubby worked an outside job
or paid into the system, she could collect half of his SS.
Hubby and I heard different versions (sm)
Each household should get $275,000 to pay their mortgages, save, buy what they need, pay off credit cards, save, etc., but ONLY those who are really in need.
I heard each adult would get $297,500 and $127,000 would go straight back to the treasury (taxes), and the rest for mortgages, credit cards, cars, homes, etc., etc., etc. It would get the economy going, get everyone out of debt (maybe), get the car companies working again, the banks working again, etc. etc. The difference between this one and the above one is that a 2-person household would get $595,000.
Both the above plans would only cost between $37 million to $50 million, instead of $700 billion.
Now, I don't know about the rest of you, but I could go for that. Hubby doesn't want that much, says he doesn't need it (ha!) but we have hardly any retirement so it would really come in handy. Plus we have been living in a basement because we couldn't afford to finish building our house. I think he forgot about the house.In reality, I'd be happy with $100,000.
In reality, why hasn't anyone brought these plans up to the powers that be?????? Could it be because we're only the little guy?
Hubby's father told him we would
see a depression in our lifetime that would be 10 times worse than the great depression. This was back in the ླྀs. My husband always hung on to that statement and believes this is it. It's coming and there is nothing that will stop it. That's why we have been buying extra canned and dried goods when possible. We always made sausage and smoked a lot of pork but of course, we can't have animals here because of zoning, so we buy from a local farmer.
I know how to make bread and butter and have plenty of flour stored, but butter is going to be another issue since we don't have a cow and the last dairy farmer went out of business 10 years ago.
Not wearing any special, but my hubby
wants to bring a cooler with some cold ones in it in case there is a long line. LOL
That's what I said to my hubby When Bush and Cheney..
...decided that we should go to war in Iraq, even when AL Qaeda was in Afghanistan and Pakistan. Decided that there were WMDs in Iraq, despite being told by an impartial panel (United Nations) that there were no such things.
We knew right then and there that this country was in deep trouble. We had an arrogant excuse of a president, who was bound and determined to follow his own agenda (or daddy's)no matter what the American people wanted.
I know how you feel, but this problem is NOTHING compared to the mess that the last administration left us in!
in the same boat! If hubby loses sm
job we are in a world of hurt. Have no bills but house and utilities, ins etc, no car payment but he has to have his job.
I have family and friends all over the place retired from the big 3 auto companies and are all worried about their pensions. Am originally from Michigan and it has kind of turned into a ghost town up there. Very sad. Never thought I would see the day when the auto companies would be in so much trouble. The auto companies have put a lot of food on a lot of folks table!
Moved hubby's 6 weeks ago. Mine only last week. (nm)
More Congressional Corruption - Feinstein Funnels $$ to Hubby
Paste the link into your browser or click the link at the bottom of this post:
http://washingtontimes.com/news/2009/apr/21/senate-husbands-firm-cashes-in-on-crisis/
I only lost $1000 so far-Hubby lost $2000 in a week (sm)
so, I called his financial advisor yesterday and told him to put hubby in a "safe" plan. It's now in a money market fund that is part of his IRA.
I have no choice. I have to stay where I am. I have no "safe" available. Neither of us will be able to retire on what is now in our 401Ks and you're not the only one. We couldn't buy a car with Both our 401Ks, let alone live on it.
We are late starters for retirement not until our late 40s funds (most of our employers did not offer pensions). We are now of the first retirement tier and although we own our home outright, if we live until we are 90, there is no way we can live off retirement 401Ks or SS.
My husband's father told him back in the 50s that we would experience something like what is happening today and stated it would be worse than the ཙ crash. It is sure starting to look that way, but we will survive some way, I hope.
We need to pray for the people on SS now that cannot survive. I, for one, would love to help them, but can't help ourselves at this moment.
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