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A top GOP 2016 contender is 'living above his means' and making risky moves with his bank account
Business Insider ^ | 05/21/2015 | Maxwell Tani

Posted on 05/21/2015 8:23:45 AM PDT by SeekAndFind

A top contender for the Republican presidential nomination cashed out his retirement savings to pay some nagging bills for a broken refrigerator, air-conditioning unit, and his kids' private-school tuition.

According to The Washington Post, Sen. Marco Rubio (R-Florida) sold $68,241 worth of retirement funds in September after bills began piling up at home.

It's a risky move since it incurs a significant tax penalty.

“It means that he is probably on some level living above his means, because he is borrowing against his future,” Boston University economist Laurence Kotlikoff told The Post.

When asked about his finances on Fox News, Rubio blamed the high costs of running for president as well as expensive and unforeseen family costs.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: 2016; bankaccount; marcorubio; rubio2016
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To: SeekAndFind

An $11,289 ‘fridge...

http://www.ajmadison.com/cgi-bin/ajmadison/MG8991TGT3IU.html?mv_pc=gg_pla&st-t=googlepla&utm_source=google&utm_medium=adwords&utm_campaign=pla&utm_term=&gclid=CLD7z8fG08UCFQQRHwod9wgARg


61 posted on 05/21/2015 12:18:04 PM PDT by Carriage Hill ( Some days you're the windshield, and some days you're just the bug.)
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To: SeekAndFind

62 posted on 05/21/2015 12:19:36 PM PDT by 2ndDivisionVet (You can help: https://donate.tedcruz.org/c/FBTX0095/)
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To: SeekAndFind

Even more expensive fridges:
http://www.huffingtonpost.com/2013/08/08/most-expensive-refrigerators_n_3721673.html


63 posted on 05/21/2015 12:21:42 PM PDT by Carriage Hill ( Some days you're the windshield, and some days you're just the bug.)
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To: SeekAndFind
With so many running for the Republican nomination, the MSM is going to be real busy. Are they going to take them out one at a time or will they be taking out groups?

Hey MSM, show proof that you vetted THE ONE in either of the last two election cycles.

64 posted on 05/21/2015 12:28:12 PM PDT by SMM48
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To: Diana in Wisconsin
Someone willingly liquidates their retirement fund with huge tax penalties.

Just getting it out of the Governments hands before they start seizing the retirement funds, when the tax rate will be %100.

65 posted on 05/21/2015 3:12:02 PM PDT by itsahoot (55 years a republican-Now Independent. Will write in Sarah Palin, no matter who runs. RIH-GOP)
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To: GSWarrior

Yes it is a lefty rag. It pretends to be LIEbertarian, however, it walks and talks just like a progressive duck, especially at election time. They wanted Barak. I imaged they want Billary this election.


66 posted on 05/21/2015 3:56:34 PM PDT by SaraJohnson
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