Viva La Migra's Account Talk

[Birchtree]

I share in your sorrow but justice will be served and much of this nonsense will get reversed. No more stank in office for a long time. There are better days ahead.

 

[WorkFE]

There are better days ahead.

Like todays market. No rest for the optimist:nuts:

 

[Viva_La_Migra]

I share in your sorrow but justice will be served and much of this nonsense will get reversed. No more stank in office for a long time. There are better days ahead.

I'd like to believe that, but people are fickle and they tend to forget and become accustomed to the injustices of government over time. Before they know it, they are slaves and are powerless to do anything about it.

 

[Elgallo]

It has always been the darkest before any dawn. We just need to somhow keep that in mind as we go forward.

 

[agogley]

Like todays market. No rest for the optimist:nuts:

I moved my entire account to G today. I'm glad for the uptick today as move is effective COB. But everything I've read including last two days on Reuter's indicates that the market is in store for a correction. I thought 11K would be the top, but decided on health care news to pull out now.

 

[Viva_La_Migra]

I moved my entire account to G today. I'm glad for the uptick today as move is effective COB. But everything I've read including last two days on Reuter's indicates that the market is in store for a correction. I thought 11K would be the top, but decided on health care news to pull out now.

I was going to do the same, but forgot about it and missed the deadline. I'm thinking maybe tomorrow I'll bug out.

 

[Viva_La_Migra]

It has always been the darkest before any dawn. We just need to somhow keep that in mind as we go forward.

That's just it, it isn't at the darkest point yet. We still have illegal immigration amnesty and cap and tax yet to worry about! This power grab is FAR from over!

 

[WorkFE]

I moved my entire account to G today. I'm glad for the uptick today as move is effective COB. But everything I've read including last two days on Reuter's indicates that the market is in store for a correction. I thought 11K would be the top, but decided on health care news to pull out now.

With the 2 IFT rule it is a tough call. If the correction is not significant enough to cause panic then some bail on a 30 point move only to watch it move back up 100 points. Danged if ya do danged if ya don't.
I've got 50% dry powder to toss in the hole if we get a decent enough drop.

 

[Viva_La_Migra]

With the 2 IFT rule it is a tough call. If the correction is not significant enough to cause panic then some bail on a 30 point move only to watch it move back up 100 points. Danged if ya do danged if ya don't.
I've got 50% dry powder to toss in the hole if we get a decent enough drop.

Yeah, if there's nothing else to criticize the last administration for, it's this damn IFT limitation!

 

[Birchtree]

Don't you all want to pay that 3.89% medicare tax on your annuities and distributions from TSP?

 

[Viva_La_Migra]

Don't you all want to pay that 3.89% medicare tax on your annuities and distributions from TSP?

By the time I'm ready to retire, it will be 50% or higher!

 

[Birchtree]

Most liberals believe that illegitimacy deserves their money for the benefit of the children. As long as 71.6 percent of African-American children and 51.3 percent of Latino children are born to unmarried women we'll all be taxed. I'd be better off buying some Waste Management stock if you know what I mean.

 

[agogley]

With the 2 IFT rule it is a tough call. If the correction is not significant enough to cause panic then some bail on a 30 point move only to watch it move back up 100 points. Danged if ya do danged if ya don't.
I've got 50% dry powder to toss in the hole if we get a decent enough drop.

Fortunately, I've only used one this month so I've got one left before month end. But if I see a week's worth of gains, I'd be even more hesistant to buy. Everything I've read indicates the market is too high and a correction is imminent.

 

[agogley]

Don't you all want to pay that 3.89% medicare tax on your annuities and distributions from TSP?

yeah, avoiding taxation seemed to be the way to go with my wife and I both working. But with more taxes coming, they'll have to move the tax brackets way down to collect more. My plan is to pay down debt and be able to live off less income thereby dramatically lowering tax bracket. But who knows.

 

[Viva_La_Migra]

yeah, avoiding taxation seemed to be the way to go with my wife and I both working. But with more taxes coming, they'll have to move the tax brackets way down to collect more. My plan is to pay down debt and be able to live off less income thereby dramatically lowering tax bracket. But who knows.

Sounds like a good plan. Good luck.

My plan is similar to yours, but I won't be able to live off less until my sons are out on their own. My food bill is outrageous with one teenager and a tween who eats like a late teen!

 

[Elgallo]

With taxes certain to up through time, and until they remove the mortage deduction, paying off your home makes no sense to me.

It's not what ya make it's what ya end up keepin!

 

[Elgallo]

With taxes certain to up through time, and until they remove the mortage deduction, paying off your home makes no sense to me.

It's not what ya make it's what ya end up keepin!

The IRS is Public Enemy #1 in my book.

 

[JTH]

It's a proven fact the more you work the less you make. When I was young and single working 2 jobs, I paid federal taxes and a boatload of state taxes. When ever I hit overtime, I went into another tax bracket and payed even more!

Then I got married, cranked out a few kids. We have 1 income, so according to the feds I'm poor. I haven't payed taxes since and without that second job for them to tax I have more time to spend with my kids.

IMHO buy gold & silver, if they gain value, the feds won't know what you have as you sell it under the table.

 

[Viva_La_Migra]

With taxes certain to up through time, and until they remove the mortage deduction, paying off your home makes no sense to me.

It's not what ya make it's what ya end up keepin!

In retirement, though, I estimate I'll get around 39% of my annual income as my law enforcement annuity. I'd like to be able to live off that and not rely on social security, tsp, or the IRA. That income I want to be play money or spoil the grandkids money! If I have a mortgage, especially in the Peoples Republic of California, I might not be able to do that. I'd rather have that mortgage paid off before I retire.

 

[Frixxxx]

In retirement, though, I estimate I'll get around 39% of my annual income as my law enforcement annuity. I'd like to be able to live off that and not rely on social security, tsp, or the IRA. That income I want to be play money or spoil the grandkids money! If I have a mortgage, especially in the Peoples Republic of California, I might not be able to do that. I'd rather have that mortgage paid off before I retire.

I refuse to retire here in California...

I will retire at 56 years 8 months with 32 years of service and go and teach part time down in the Caribbean. Taht way, I can be done with the whole U.S. thing and be an immigrant (legal) elsewhere.....