That'll make the value of your automatic weapons increase!
I predicted back in April that the GOP will pick up nigh on 200 seats - in
addition to what they already have - and each week edges closer to that
For example, just today the Cook Political Report issued this update:
CA-47 Loretta Sanchez Likely D to Lean D
FL-02 Allen Boyd Lean D to Toss Up
GA-08 Jim Marshall Likely D to Toss Up
IA-03 Leonard Boswell Lean D to Toss Up
IL-11 Debbie Halvorson Lean D to Toss Up
OH-16 John Boccieri Lean D to Toss Up
PA-08 Patrick Murphy Lean D to Toss Up
PA-10 Chris Carney Likely D to Lean D
SD-AL Stephanie Herseth Sandlin Lean D to Toss Up
TN-04 Lincoln Davis Likely D to Lean D
That is, take a bunch of seats and move 'em one notch to the right.
But I worry. In 1994, the GOP took over Congress and straightened out the
mess. Clinton got credit for the resulting booming economy and got
It could happen again.
There is no penalty, that I know of, for a lump-sum distribution from
a retirement plan. I had that option a few years ago (retirement #1 -
I was 54). The numbers didn't add up though. I would have had to
guarantee 10%, at least, to break even over the annuitized
retirement. Taxes on the lump would have had to have been paid, of
Actually, looking back I see I did miss one part -- the posting I
replied to was (attributes were lost earlier)
My response was directed to the 401k portion and I missed the latter
portion of the first quote after the "or".
My response did, in fact, agree that one can withdraw 401k monies early
in lump sum, only noted that there are potentially seriously economic
consequences of doing so prior to reaching age 59-1/2.
This is _so_ OT, I'm retiring (so to speak :) ) from further watching
Well, it would seem the the wrek is _way_ off any economics-related
ng's; would seem logical to find one there instead for such queries...
I never heard of it; the posted link simply brought up a google chart
for today's DJIA so don't know what you were looking at...
But, from the homepage it simply looks like a front for posting
links/articles culled from other resources.
Don't have much interest in such apparently mindless 'bots posting links
to everything they can crawl over...I use either the Morningstar or
Marketwatch sites for routine info on what's happening daily but I don't
obsess on short-term volatility.
Age and time in the market are essentially everything; unless you're
day-trading or otherwise in a timing short-term deal it doesn't really
matter much what happens day-to-day; all one might do is perhaps make
some adjustments on watershed events -- I moved into other areas a high
fraction of stocks/mutual funds after the first of the major financial
failures simply because it was clear there was going to be a severe
emotion-induced selloff at the least. I didn't expect the collapse any
more than anybody else but certainly knew the reaction would be to cause
a pretty significant pullback in the markets and there wasn't any sense
in riding them down. I'm most back at the present w/ the runup--again,
I didn't foresee just when the bottom really was but had a feeling that
the panic had eased 12-18 months ago and started to re-enter the same
places I had previously but back with a lower average cost basis than
before. I don't have time (or, more accurately, don't want to take the
time) required to watch or try to select individual stocks so that stay
almost exclusively in mutuals except for a few no-brainers and a couple
of mostly sentimental picks like former employer(s), etc.
Since most is in an IRA, there are no tax consequences to color the
decisions; I haven't made an active trade outside the IRA funds in 15
years; I simply select what appear in my view to be reasonable mixes
that are relatively low volatility but perform reasonably well in
tracking the broader markets. While at traditional retirement age, am
in good health so figure still have a pretty long time horizon to deal
with in all likelihood. W/ that perspective, don't think one can afford
to _not_ be in the markets w/ prudence.
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