Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
It's no longer a great big step to the government acquiring unchecked power. The current president thinks that he has that right now. There are plenty of people in his current executive who have no problem at all with the concept.
Couple someone li…
"Payment for information access."
@davidrmoran
More like an invitation to spy on you, track your every move, and make a permanent record of your life. This information is parsed by powerful computers capable of making very accurate "guesses", fill…
"goog is your pal"
@davidrmoran
Not my pal, not by a long shot. I believe Google to be one of the most powerful, insidious and dangerous gatherers of personal information in the history of the world. I avoid anything google if I possibly can. Take…
"She can probably pick her place anywhere in academia - here or abroad."
Yes, I'd certainly think so. She did a great job with the handoff from Ben Bernanke, and I hope that all goes smoothly with Mr. Powell.
Let's take this to it's logical conclusion. Why stop with "rich people"? Cut taxes for everyone and in no time at all the increased revenue will result in so much revenue we won't know what to do with it all!
"I heard tax cuts to rich people and corporations pay for themselves."
And I heard that Santa Claus and the tooth fairy are real.
The "new and extra revenue from doing away with deferred savings", if it happens, is going to provide the tax breaks…
Thanks @Anna & @msf for the clarifications and additional info.
Anna- The RMD to a bank must be a VG quirk. American Funds simply transfers our RMDs to our non-IRA mmkt account, where we can do whatever we want in the way of reinvestment.
@davidrmoran: Well, how about the completely unjustified confiscation of money and private property on the mere suspicion of wrongdoing, before a trial, with proceeds going to the arresting agency. That's still going on.
Many times there is no tria…
@Anna- re "the same state protection that a Traditional or Rollover IRA gets"-
I have no idea what you are referring to here. Could you give an example of the "state protections" for WA?
Thanks- OJ
@hank- OK, from your pdf link, here's a quick summary of what the proposal will or won't do:
It is a personal savings plan, not a handout. The Plan relies on individually owned retirement accounts and existing government infrastructure to deliver r…
@hank- Not sure about your article... that excerpt was from Ted's link. Here's some thought (or whatever I use for thought) on that...
This seems to me to be a modification of Republican efforts some years back to convert SS accounts into something…
@hank- This might be the section that you were mentioning:
"there's the bold plan unveiled last year by New School economics professor Teresa Ghilarducci and Blackstone President Tony James to replace the 401(k) with mandatory, professionally manag…
"The individual can show that the $1,500 HSA distribution in 2005 is a reimbursement for a qualified medical expense that has not been previously paid or otherwise reimbursed and has not been taken as an itemized deduction."
This presents an inte…
As a public service, here is the elusive Q-39, in it's entirety:
Q-39. When must a distribution from an HSA be taken to pay or reimburse, on a tax-free basis, qualified medical expenses incurred in the current year?
A-39. An account beneficiary ma…
From Ted's link:
• "The Republican proposals, as they have leaked out so far, involve reducing the amount of pretax income workers can put in their 401(k) tax accounts from the current $18,000 a year ($24,000 for those 50 and older) to as low as $2…
Well, the miserable SOB finally got his wish, but after two terms for Obama. I hope that he's enjoying every damned minute of what he has caused, but somehow, I think not.
A few excerpts from the WSJ article:
"A study published by Morningstar last month said the stars point investors to funds “likelier to outperform in the future.”
"Morningstar founder Joe Mansueto said... that the firm’s analysis of past ratings fo…
When the "partisan politics" are such that the opposing party publicly states that it's one and only overriding goal is the defeat of the president, what recourse is left to the executive branch other than "an office and a pen"?
@Ted: You'll surely remember this from "The King and I":
What was so was so..
What was not was not..
Now some things nearly so-
Some things nearly not...
:)
"Actually Ted... the Powers That Be prefer an introduction or some comment within the post, not from the linked article, but from the original poster. I remember you agreed to this, and it was part of a settlement regarding some members objecting to…
"It was based on the free trade lie"
@Maurice- Historically, it is well documented that free trade benefits all concerned. However, that seems to be no longer be true in many cases.
Historically, free trade did not involve multiple entities all co…
