Posted on 07/03/2007 9:08:41 PM PDT by NormsRevenge
The best pension plan is to buy investment real estate and put the equity into indexed universal life. Outruns 401k or IRA by 2.5-3:1
Ok, if you say so...
I know CA teachers who are retired at 100%.
Oh, I’m not the only one who says so.
What is the formula used by their district and how old were they?
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
He rolled when he couldn’t beat the teacher’s union and nurses propaganda advertising. He wants to be senator next donchano!
Here’s an example. 2.5% x 40 years would be 100% if their contract has no cap on retirement. So a 23 year old could retire at 63 with 100 if that was their contract.
....figures. :/
California has since Johnson’s war on poverty. It does exist. However it is designed to be a failure, and eventually will fall on its’ rear.
.....well, after twenty years....Police/firefighter (hazardous positions).....*ugh* corrupt politicians/bureaucrats.
The formula’s I found say minimum age of 50. Please tell me which Cal employees can retire in their 40s.
what does this mean for Arnold? will he now have to start acting like a Republican on budget issues?
Are you being sarcastic? This is nothing more than evidence of how far to the left he's gone. The "end of partisanship" means that Republicans should surrender and go home."
No, sir, what will happen is that the politicians will look at your 401k (and mine) when you retire, realize what a honey pot it is, declare you (and me) to be the evil rich who stole everything you have from the poor, and take your (and my) 401k in the name of "fairness". They'll do it when you're at an age when you're too old to recover, and too feeble to revolt against them. That's what will happen. Bank on it.
Heck no! The man has grown government faster than a Dem could have dreamed and to finance it, he's deferred, borrowed (this time unsuccessfully), raised fees, and entered into special deals with Indian tribes. But the next big scheme will come as he pumps up the volume for his proposed Public Private Partnerships, helping his cohorts loot Government assets if they will pump some one time cash into the State's revenue coffers, in return. Think about the possibilities of his privatization deals: tollroads, bridges, ports, other privately run highways, schools, housing, security, etc. This man has 3 more years to payoff his donors through sweet deals and favorable legislation. He's only halfway done in his 2 term governorship. Hang on!
Interesting point. I have been struck by the fact that the "post-partisan" politicians that Arnold has been hanging with - Bloomberg and that lady from Arizona with the short hair - all seem very liberal. So "post partisan" really means "post-conservative"? Partisanship ends because conservatives give up? Is that what it's about?
So how do you really feel about your governor? LOL!
I’ve got a 4-H to attend to... See ya!
Apparently so. Based on Arnold's policies since the end of partisanship all we have seen is liberalism and big government. I work in the same building as he does, so I have a firsthand perspective. We have returned to the Davis Administration. The only thing left for Arnold to do is to make Davis himself Governor again. If he could find a way, I expect he would.
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