Forum Replies Created
-
AuthorPosts
-
(former)FormerSanDiegan
ParticipantNot sure what you mean by stable. Seems to always either be on an upward or downward trajectory to me over the last 20 years.
If you mean the next turing point, here’s my opinion …
When the changes in prices, interest rates, rents and incomes reach the point where monthly carrying costs to buy approach that of renting, you will see things turn.ParticipantQ: Why do you need a variable annuity if the money is already tax-deferred ?
A: So the financial advisor can make a commission.(SO, you know my opinion)
Are you CSRS or FERS ?
If were were covered under CSRS your pension is probably pretty good, so you may not need a huge amount of guaranteed income from the TSP portion, which is what this annuity will presumably buy you.If you are FERS, then you probably need a larger portion from the TSP since the annuity portion is about half what you’d get if you were CSRS.
These are important considerations to figure out what advice to give.
How much income do you need from the TSP to supplement your Pension income from the Gov’t ?
Also, you asked whether to roll into a variable annuity or keep it in the TSP, but you have a third option.
You can roll it over into an IRA at any financial institution (e.g. brokerage, bank, credit union).ParticipantLostCat – I agree with you that on average the global temperature is rising, and glaciers (particularly in temperate regions) have receded dramatically over the last 50-100 years, and that man has had a hand in this. But some of your facts are a little sloppy and may take away from your message. Since you studied this in college you probably know the following, but they could be misconstrued from your post.
Once the polar caps start to slide from land and into the water, the sea will rise substantially.(Polar Caps can be up to 4-miles deep in some areas)
When you say polar ice caps you are really only talking about the Antarctic and Greenland Glaciers. The ice on the other pole in the Arctic (north) is actually Sea Ice and is typically a few meters thick at most. This ice is constantly moving around on top of the Arctic Ocean The north polar ice cap is not 4-miles deep, contrary to the Santa Claus myth.Now think of the polar caps. All they have to do is change temperature by 1 degree and they start melting.
This is not the same as the air temperature changing by 1 degree and is misleading. If the air temperature is -20, a one-degree increase in air temperature will not cause melting. Since the air temperature in both the Arctic Antarctic, and Greenland is well below zero most of the time it matters more how much incoming solar radiation there is, so temperature is only one component. Length of the warm season and decay of the freezing season, (changes to which have been observed and documented from satellite time series) amounts of snow fall, and amount of incoming solar radiation may be more important than the average air temperature.I like your message and enthusiasm, just don’t give detractors any ammo to shoot it down. Also, this was posted in the Off-Topic forum where virtually anything goes.
ParticipantI know some Chicagoans who have come to So Cal to visit and think our pizza sucks and ask , “where da heck are da brats, I want a brat. Don’t give me none of that fru-fru food.”
(Brat pronounced “brot” as in bratwurst).I like Chicago … for about 1-2 weeks in late June.
Participantjg –
I had the same side of the Bears game as you. More as a hope than an expectation.
Although I don’t really like the implied momentum of downward revisions (I too expect some weakening in Q1), I am inclined to take that bet.
My guess is that Q1 will be “artificially” inflated by inventory build-up. Remember Q3-2006 was “artificially” high because of inventory build up, Q4 is being revised downward partly because of inventory draw-down. So I’m hoping that this oscillation is in my favor on this bet.
One beer it is.
ParticipantFor most renters their single largest deduction is State income Tax. You have to have taxable income of about $100K (single) or $160K (Married-Joint) for your state income tax to equal the federal standard deuction (5K single 10K married)
http://www.ftb.ca.gov/individuals/tax_table/index.aspIf you have more than this amount in taxable income or if you regularly itemize anyway, you can ignore the loss of standard deduction in your calculations of comparing
renting to owning.ParticipantCool. A weak 3rd quarter revised upward to 2.2%. A strong 4th quarter revised downward to 2.2%
I’m gonna go out on a limb and make a prediction for 1Q 2007 : How about …. Hmmm let me see …..
2.2%
ParticipantThe S&P 500 is UP 11.8% since this thread started.
ParticipantIf you were building widgets and the market for widgets dropped would you:
a. Stop making widgets and take in zero revenue so that supply would work its way out and order would be restored to the marketplace
OR
b. Cut your prices to undercut the next guy, get him out of business so that you can have a larger percentage of a smaller pie, make payroll and survive the next few years.
I don’t think they will stop building houses, so most will choose b.
ParticipantAnyone else notice a sudden burst of listings this week ?
I the areas I track, the traditional post-Super Bowl listing activity has heated up. I believe that this will work its way into inventory numbers very soon.ParticipantThat’s great…. Can’t wait to see what this summer brings. Summer will be the real truth..
My guess is that spring/summer will be too weak for bulls and not weak enough for bears, due to seasonal factors. I think that Fall/Winter is where the shoe hits the poo.
ParticipantThe reality is that, according to these statistics we have 2.38 people per housing unit. These may be flawed in undercounting illegal immigrants, etc. But these are the numbers. Assuming that they should revert to what they were before consumption spiked may be flawed.
Assuming that the “proper” number should be 2.96 is equivalent to relocating about 20% of the population. So, what you are telling us is that 60 million people living in this country are going to move in with other people.
As usual your analysis is solid. I just don’t buy the premise in this case.
ParticipantYou cannot simply walk away from a re-fi or cash-out.
The only loan that you can “walk away” from is an original purchase loan. This is called a non-recourse loan. In this case the bank cannot come after you for other assets. The exception to this is when fraud is committed.
However, any refinance loan is no longer considered non-recourse. Same thing for Home equity products and cash-outs. All of these are subject to recourse, in which case the bank can go after other assets.
So, no you are not a chump. The person who re-fied and cashed out only to go into default will see their due, assuming they haven’t fled the country and assuming they didn’t steal someone else’s identity to get the loans.
ParticipantYou could sell Mizzou T-shirts.
-
AuthorPosts
