Posted on 07/08/2022 1:20:10 PM PDT by Wuli
I’m a grieving and need some consoling. She’ll fit the bill.
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I think we're at an inflection point between the deflationary cycle (which began during Reagan administration) and the reflationary cycle that will be analogous to the post-WWII timing driven by new technologies (such as computers were ... back then).
I also think that inflation will ease back over the next year and that recession will be fairly mild after that for a few more years (but higher than the recent past).
So ... I'm cautiously buying stocks that have dramatic upside potential eventually. That's why I like small-cap techs in emerging industries ... even if I do not believe in the politics behind some of them (like electric vehicles and the climate change fraud).
TYPO: I meant to say I expect “inflation to be fairly mild” for the net few years after the current supply-chain bottleneck ... NOT “recession will be mild”.
Sigh. Hate my own typos!
just think......
every federal employee will be affected by this!!
that includes every federal employee union officer!!
so, they got what they voted for!!
I agree with you about the November election. It will generate a little optimism that Biden can be checked for the next two years.
However, I don’t expect much out of the Republicans. The same old people will still be in leadership positions with the same old excuses and whining about not having big enough margins to get anything done.
I also think that the world will become more tense in the future as the U.S. loses its dominance and respect. We could well see some dangerous conflicts and confrontations arising as countries test us. Dicey times ahead.
>Many 401K and defined contribution pension plans have retirement benefits, or some portion, pegged to stock values.
>In 2009, my Pension benefit lost $400+ a month coming out of the 2008 financial crisis.
If you were drawing a pension in 2009 it’s not surprising you’re not versed in 401k.
You’re probably thinking of the minimum required distribution of 4% of the individual’s 401k holding. (and one could draw less, but then the IRS penalizes it back out, so why give them the money?)
There’s no rule saying that a person couldn’t draw more out into a bear market other than rules of common sense. They could even take it all out any day they like, and buy firearms or crypto or nothing.
Conversely most defined contribution plans do have a formulaically-derived exact distribution, and if said retiree wants more, tough — because none of it is your money until it hits your account.
Upshot is your basic point is right, though — terrible time to be a fresh retiree — unless as in the example above that person took it all out in early January. (In which case, heck of an income tax bill coming...)
100 percent agree.
“ picking stocks or trying to time it is a fool’s game, though.”
You should tell that part about picking stocks to Buffet… he needs to quit that.
No... went to cash or preferred when the SP5OO dropped below 200 day moving avg! Will wait for positive momentum to step back in over 3-4 months to avoid whiplash. Good time to add gold/silver to the portfolio, at least 10 to 20%... just my $0.02.... ymmv
... Good time to rollover out of the plan to a Roth to shelter future gains. Yes a tax bill but All taxes go BACK UP in 2025... so anyone think taxes will be lower in the future??? Convert enough to fill the next low brackets over the next 3 tax years!... ymmv
At last report, my non contributory pension plan is almost 600% funded. I’ve been receiving it for 22 years.
There are some in government who would love to do just that. In fact, that very idea has been floating around for quite awhile.
Total amount invested in IRAs and 401ks is about $23.5 trillion. The federal debt is about $30.5 trillion. You can see the temptation to control those assets.
We have yet to see the limits of federal greed IMO.
They'd just spend it on more stupid stuff.
You’ve been lucky; sounds like one of the better run pension funds.
There are hundreds of defined benefit pension plans, usually govt or union, that are underfunded because of (a) failure to realize back at the begininning how generous was the benefit, and (2) over estimating how much the fund would earn in investment earnings.
Congress & Biden just added billions to the government fund assigned to bail those programs out.
Did you mean “losses?”
Well, I didn’t write “Rertirement” either.
Like a freakin’ tard.
“Well, I…”
That’s good. Back to the topic:
Did you mean to write “losses?” or “losses”?
Bonus: Do you think, when you are correcting another’s post, that you should be careful not to make errors in your own post?
I think it's sufficient that the other person is clearly a retard.
Heh heh ... Oh, I thought that said triage economics.
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