clester's Account Talk

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ravensfan said:
Yeah it's amazing how this years self plus one rates are more than last years family plan. Somebody's getting rich, but it ain't us little folks.

On a happy note, was reading an article in the Feb 16 issue of NARFE magazine that Congress is once again looking at WEP reform to either eliminate it totally or reduce it by 50%. That would be awesome if it passes. I never understood why we have to pay in at the full rate, only to have our annuity reduced when it was time to collect. Just don't seem right!!!
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That would sure be nice if they eliminated WEP, but I doubt it happens. I fall under WEP and have to work until March of 2019 (or the very end of 2018 if I don't use any leave in 2018 and get that maximum lump sum annual leave check which would count toward 2019 income) to get my 30th year of "substantial earnings" paying into social security...that would be 2-3/4 years beyond when I'm eligible to retire (this coming June). If I retire sooner than early 2019 my SS (and my wife's since she will get half of mine) will be permanently reduced. Seems so unfair considering I've been paying into it at the max level for so many years and the tiny bump in my CSRS portion of my annuity doesn't seem to justify the cut to my SS benefits. Argh.

The market just can't maintain any upward momentum. One of my gurus predicted a peak yesterday then another big downdraft into February...that seems to be imminent in my opinion. A close below 1851 tomorrow would also predict dire consequences per that Demark article I linked a few days ago, I think...
 
Cactus said:
You have to be careful because some of the Self Plus One plans cost more than Family. :eek:

I'm with GEHA and luckily they aren't one of them. I'm paying about the same in 2016 for Self Plus One as I did for Family in 2015.
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I have BC/BS basic. Not much difference in family vs self plus 1. Doesn't make sense to me.
 
Bquat said:
The theory is that the majority of people selecting self plus one are people who kids have moved out already or seniors.
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My youngest turned 26 and was kicked off my plan. So it's just me and my wife to cover. Had to buy him Obamacare since he can't seem to find a decent job. Thank goodness its subsidized! I'm thankful for Obamacare, for his sake.
 
I always figured Self+1 would not be cheaper for us government workers because we get to carry our health insurance into retirement. Sure, when you're younger you have all the kids using your health care, but when you are older and the kids are gone you and your spouse end up using a lot more of it. I always figured it evened out in the end and now it looks like it does.
 
Bquat said:
Luckly congress blocked the premium health care tax. Even veterans would have had to pay.
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Yes but look what else kicked in January 1, 2016 thanks to Obamacare...;swear
- Medicare tax went from 1.45% to 2.35%
- Top income bracket went from 35% to 39.6%
- Top income payroll bracket went from 37.4% to 52.2%
- Capital gains tax went from 15% to 28%
- Dividend tax went from 15% to 39.6%
- Estate tax went from 0 to 55%
- A 3.5% real estate transaction tax was added.

And Hillary Clinton says she will continue the Obama policies if elected...Bet she's not lying about that one!
 
ravensfan said:
Yes but look what else kicked in January 1, 2016 thanks to Obamacare...;swear
- Medicare tax went from 1.45% to 2.35%
- Top income bracket went from 35% to 39.6%
- Top income payroll bracket went from 37.4% to 52.2%
- Capital gains tax went from 15% to 28%
- Dividend tax went from 15% to 39.6%
- Estate tax went from 0 to 55%
- A 3.5% real estate transaction tax was added.

And Hillary Clinton says she will continue the Obama policies if elected...Bet she's not lying about that one!
Click to expand...

Those 5 out of 7 will affect every day Americans... guess that was the plan... the more the merrier
 
On a day like this, I get a little nervous. I feel like a should sell some while its up. But that is not the thing to do imo. My system expects a climb up to the 50 dma or somewhere between 1980 and 2000. That will be the big test. Will we make a big head and shoulder pattern.

It's also the end of the month and a good time to rebalance to save February trades. But only if it makes sense. Not just to save trades. Next month will be interesting for sure. Just not as interesting as January, I hope.
 
ravensfan said:
Yes but look what else kicked in January 1, 2016 thanks to Obamacare...;swear
- Medicare tax went from 1.45% to 2.35%
- Top income bracket went from 35% to 39.6%
- Top income payroll bracket went from 37.4% to 52.2%
- Capital gains tax went from 15% to 28%
- Dividend tax went from 15% to 39.6%
- Estate tax went from 0 to 55%
- A 3.5% real estate transaction tax was added.

And Hillary Clinton says she will continue the Obama policies if elected...Bet she's not lying about that one!
Click to expand...
Not really true it looks like. Check out Our New 2016 Taxes Due : snopes.com
 
What is always true, we are getting Violated from the rear! There is no inflation, so increase our taxes! LIES!
 
nnuut said:
What is always true, we are getting Violated from the rear!
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Yes, by Wall Street big money hedge funds, foreign sovereign funds, and all the folks that manipulate the market to screw the rest of us. It's rigged and they know how to play on our fears.
 
clester said:
On a day like this, I get a little nervous. I feel like a should sell some while its up. But that is not the thing to do imo. My system expects a climb up to the 50 dma or somewhere between 1980 and 2000. That will be the big test. Will we make a big head and shoulder pattern.

It's also the end of the month and a good time to rebalance to save February trades. But only if it makes sense. Not just to save trades. Next month will be interesting for sure. Just not as interesting as January, I hope.
Click to expand...

Nice reversal today and it keeps the rally going. I'm hoping for the range above. I could take some off the table if we can't manage the 50 dma.
 
clester said:
Nice reversal today and it keeps the rally going. I'm hoping for the range above. I could take some off the table if we can't manage the 50 dma.
Click to expand...

Well so much for that. We are still ok. We seem to be in an alternating up/down cycle on the daily. Wish I had unlimited trades because I could make some money. The RSI did get to about 50 but we didn't make it to the 50 dma yet so I still think we could trend higher. We really haven't formed that big head and shoulders yet but if we close below the neckline it could get ugly.
 
clester said:
Well so much for that. We are still ok. We seem to be in an alternating up/down cycle on the daily. Wish I had unlimited trades because I could make some money. The RSI did get to about 50 but we didn't make it to the 50 dma yet so I still think we could trend higher. We really haven't formed that big head and shoulders yet but if we close below the neckline it could get ugly.
Click to expand...
1850-1875 area is key to hold. It's basically the neckline of a head and shoulders pattern and where we have bounced all the way back to September.
 
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