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  • January 22, 2008 at 6:59 AM #11592
    Raybyrnes
    Participant

    Everyone talked about the pending Mortgage resets but as far as I can tell resets are going to be back to the same rates initially taken out or potentially lower.

    I had a colleague at work whose mortgage was resetting about 5 months ago that he might be best to let the mortgage reset to 7 and max out the teaser HELOC.

    He liked the idea but couldn’t handle the riskiness of the move.

    Time right now is my enemy. The longer that people can continue to make it the longer I have to put my money to work in underperforming markets. Cash sucks as it is taxed and is losing ground to inflation, the market sucks as it is plummeting. Definitely challenging time to navigate.

    Makes me appreciate my father’s government pension that is indexed to the CPI. Civil service is looking better and better these days.

    January 22, 2008 at 8:03 AM #140571
    TheBreeze
    Participant

    Makes me appreciate my father’s government pension that is indexed to the CPI. Civil service is looking better and better these days.

    Sure pension funds look great when your’re at the top of the pyramid and the base is full of baby boomers. What happens when all those baby boomers start to retire over the next 20 years and the pyramid gets inverted? Government pensions will likely suffer the same fate as social security — future pensioners will get something, but it won’t be near as much as today’s pensioners are getting.

    January 22, 2008 at 8:03 AM #140886
    TheBreeze
    Participant

    Makes me appreciate my father’s government pension that is indexed to the CPI. Civil service is looking better and better these days.

    Sure pension funds look great when your’re at the top of the pyramid and the base is full of baby boomers. What happens when all those baby boomers start to retire over the next 20 years and the pyramid gets inverted? Government pensions will likely suffer the same fate as social security — future pensioners will get something, but it won’t be near as much as today’s pensioners are getting.

    January 22, 2008 at 8:03 AM #140835
    TheBreeze
    Participant

    Makes me appreciate my father’s government pension that is indexed to the CPI. Civil service is looking better and better these days.

    Sure pension funds look great when your’re at the top of the pyramid and the base is full of baby boomers. What happens when all those baby boomers start to retire over the next 20 years and the pyramid gets inverted? Government pensions will likely suffer the same fate as social security — future pensioners will get something, but it won’t be near as much as today’s pensioners are getting.

    January 22, 2008 at 8:03 AM #140809
    TheBreeze
    Participant

    Makes me appreciate my father’s government pension that is indexed to the CPI. Civil service is looking better and better these days.

    Sure pension funds look great when your’re at the top of the pyramid and the base is full of baby boomers. What happens when all those baby boomers start to retire over the next 20 years and the pyramid gets inverted? Government pensions will likely suffer the same fate as social security — future pensioners will get something, but it won’t be near as much as today’s pensioners are getting.

    January 22, 2008 at 8:03 AM #140792
    TheBreeze
    Participant

    Makes me appreciate my father’s government pension that is indexed to the CPI. Civil service is looking better and better these days.

    Sure pension funds look great when your’re at the top of the pyramid and the base is full of baby boomers. What happens when all those baby boomers start to retire over the next 20 years and the pyramid gets inverted? Government pensions will likely suffer the same fate as social security — future pensioners will get something, but it won’t be near as much as today’s pensioners are getting.

    January 22, 2008 at 8:52 AM #140812
    Aecetia
    Participant

    I think it would take legislation to change pensions. Future pensions could be changed, but existing ones are hands off, to my knowledge.

    January 22, 2008 at 8:52 AM #140829
    Aecetia
    Participant

    I think it would take legislation to change pensions. Future pensions could be changed, but existing ones are hands off, to my knowledge.

    January 22, 2008 at 8:52 AM #140855
    Aecetia
    Participant

    I think it would take legislation to change pensions. Future pensions could be changed, but existing ones are hands off, to my knowledge.

    January 22, 2008 at 8:52 AM #140590
    Aecetia
    Participant

    I think it would take legislation to change pensions. Future pensions could be changed, but existing ones are hands off, to my knowledge.

    January 22, 2008 at 8:52 AM #140906
    Aecetia
    Participant

    I think it would take legislation to change pensions. Future pensions could be changed, but existing ones are hands off, to my knowledge.

    January 22, 2008 at 9:39 AM #140827
    Raybyrnes
    Participant

    Pretty tough to change federal pension when the people who vote for them are the same people who recieve them.

    Additonally police, firemen and teachers are some of the largest organizaiotn in the country. Try getting into office while slashing their pensiions. Good luck with that.

    January 22, 2008 at 9:39 AM #140607
    Raybyrnes
    Participant

    Pretty tough to change federal pension when the people who vote for them are the same people who recieve them.

    Additonally police, firemen and teachers are some of the largest organizaiotn in the country. Try getting into office while slashing their pensiions. Good luck with that.

    January 22, 2008 at 9:39 AM #140844
    Raybyrnes
    Participant

    Pretty tough to change federal pension when the people who vote for them are the same people who recieve them.

    Additonally police, firemen and teachers are some of the largest organizaiotn in the country. Try getting into office while slashing their pensiions. Good luck with that.

    January 22, 2008 at 9:39 AM #140870
    Raybyrnes
    Participant

    Pretty tough to change federal pension when the people who vote for them are the same people who recieve them.

    Additonally police, firemen and teachers are some of the largest organizaiotn in the country. Try getting into office while slashing their pensiions. Good luck with that.

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