ah, yes, the latest on my company 401K
 

wrote in message
...
On Sun, 25 Jul 2010 20:13:47 -0700, "nom=de=plume"
wrote:


wrote in message
. ..
On Sun, 25 Jul 2010 18:28:29 -0700, "nom=de=plume"
wrote:

You're speculating about future taxes with no basis for the
speculation.
But you're a speculator.

The debt is 14 trillion, they will either have to raise taxes or
monetize the debt and inflate this money away.




?? Not sure what you're trying to say. We're at historically low tax
rates.
Taxes will likely rise. Not sure what the national debt has to do with
the
strategy I outlined.


I am saying the same thing you just said. Taxes are going to go up. It
would behoove people to lock in their gains at the lower rate but if
many people try to do it, the gains will go away. That is the classic
game of chicken. I just think the cliff is in December so the question
is only, "when do you jump out of the car"?

Firstly, it's not much of a speculation that taxes will likely go up... as
I
said, several times, and again... they are at historic lows.

Speculation was your word.

Nope. I never used that word. I said it's likely that taxes will rise.

There's no way to "lock in your gains" at the lower rate, unless you're
talking about a Roth conversion, and not everyone can do that or should do
that. There are other strategies, one of which I outlined that can reduce
tax payout.

I have equities too but even if I simply cashed out my 401k it might
be better than waiting to see what the tax man would do to me down the
road.

Feel free. I doubt you'll be doing that.

I do believe I can roll into a roth tho.

Well, you can. The question is, is it worth it. Are you going to make up for
the taxes you'll have to pay when you front-load... that's the question.
Usually, that sort of move is best for fairly young people.

I am not sure I am going to mess with my 401k but I will have my
finger on the trigger for a few of my stocks.

Investing in individual stocks is a very risky business. It can be a
full-time job to time things properly.

The "cliff" in December will likely be for those over $250K/year. It's
highly doubtful that a Democrat would vote for a tax increase for lower
and
middle class taxpayers just prior to an election.


I have already said, my real guess is they will just extend the cuts,
unaltered for a year and deal with it next year after the election. It
is in the GOP's interest to do that and there are enough blue dogs to
make it stick.

Yes, it's possible. It's in the GOP's interest to protect their rich
benefactors.

ah, yes, the latest on my company 401K
 

On 7/25/10 10:55 PM, Wayne.B wrote:
On Sun, 25 Jul 2010 20:41:14 -0400, Harry
wrote:

Sure there is...you just don't accept the concept of decency towards
your fellow man and woman.

Decency is admirable. That doesn't make it the job of the federal
government however. You can't legislate decency and government is
absolutely the wrong place to try and provide it.



Government is nothing more than people and their policies. I still
haven't seen any reasonable ideas from you that would help low-income
workers secure decent health care coverage or a decent retirement, when
every dime they earn goes to feed and shelter themselves and their
families. The days of upward mobility for tens of millions of workers
are pretty much over.

ah, yes, the latest on my company 401K
 

"Harry ?" wrote in message
...
On 7/25/10 10:55 PM, Wayne.B wrote:
On Sun, 25 Jul 2010 20:41:14 -0400, Harry
wrote:

Sure there is...you just don't accept the concept of decency towards
your fellow man and woman.

Decency is admirable. That doesn't make it the job of the federal
government however. You can't legislate decency and government is
absolutely the wrong place to try and provide it.



Government is nothing more than people and their policies. I still haven't
seen any reasonable ideas from you that would help low-income workers
secure decent health care coverage or a decent retirement, when every dime
they earn goes to feed and shelter themselves and their families. The days
of upward mobility for tens of millions of workers are pretty much over.

If only them thar people up there in Washington would start acting decently
and responsibly to serve the needs of ALL the people. The first thing the
Govt. needs to do is get out of the jobs and cars and healthcare businesses
and plant the seeds for entrapanerial ventures that create products and
jobs.

Earn a dollar, then spend a dollar. That's the way it should be done.

--
Harold

ah, yes, the latest on my company 401K
 

On 7/26/10 10:28 AM, Harold wrote:
"Harry wrote in message
...
On 7/25/10 10:55 PM, Wayne.B wrote:
On Sun, 25 Jul 2010 20:41:14 -0400, Harry
wrote:

Sure there is...you just don't accept the concept of decency towards
your fellow man and woman.

Decency is admirable. That doesn't make it the job of the federal
government however. You can't legislate decency and government is
absolutely the wrong place to try and provide it.



Government is nothing more than people and their policies. I still haven't
seen any reasonable ideas from you that would help low-income workers
secure decent health care coverage or a decent retirement, when every dime
they earn goes to feed and shelter themselves and their families. The days
of upward mobility for tens of millions of workers are pretty much over.

If only them thar people up there in Washington would start acting decently
and responsibly to serve the needs of ALL the people. The first thing the
Govt. needs to do is get out of the jobs and cars and healthcare businesses
and plant the seeds for entrapanerial ventures that create products and
jobs.

Earn a dollar, then spend a dollar. That's the way it should be done.



Right...because the private sector has been doing so much of late to
create jobs...

Actually, I'd prefer we get the health care insurers out of the health
care insurance business altogether...they serve no useful purpose.

ah, yes, the latest on my company 401K
 

"Harry ?" wrote in message
...
On 7/26/10 10:28 AM, Harold wrote:
"Harry wrote in message
...
On 7/25/10 10:55 PM, Wayne.B wrote:
On Sun, 25 Jul 2010 20:41:14 -0400, Harry
wrote:

Sure there is...you just don't accept the concept of decency towards
your fellow man and woman.

Decency is admirable. That doesn't make it the job of the federal
government however. You can't legislate decency and government is
absolutely the wrong place to try and provide it.



Government is nothing more than people and their policies. I still
haven't
seen any reasonable ideas from you that would help low-income workers
secure decent health care coverage or a decent retirement, when every
dime
they earn goes to feed and shelter themselves and their families. The
days
of upward mobility for tens of millions of workers are pretty much over.

If only them thar people up there in Washington would start acting
decently
and responsibly to serve the needs of ALL the people. The first thing the
Govt. needs to do is get out of the jobs and cars and healthcare
businesses
and plant the seeds for entrapanerial ventures that create products and
jobs.

Earn a dollar, then spend a dollar. That's the way it should be done.



Right...because the private sector has been doing so much of late to
create jobs...

Actually, I'd prefer we get the health care insurers out of the health
care insurance business altogether...they serve no useful purpose.


It's guys like you who are dead set against the private sector succeeding.
The ability to conceive and deliver a product or service the consumer needs
or wants, leads to job creation and often great wealth to the creator of the
jobs. Win-Win for everyone. Until the union creeps in and removes the
incentive to work hard and EARN merit increases.


Do you insure your car, your gentleman's estate, your boat, your life? Why
not your health?

--
Harold

ah, yes, the latest on my company 401K
 

On 7/26/10 10:45 AM, Harold wrote:
"Harry wrote in message
...
On 7/26/10 10:28 AM, Harold wrote:
"Harry wrote in message
...
On 7/25/10 10:55 PM, Wayne.B wrote:
On Sun, 25 Jul 2010 20:41:14 -0400, Harry
wrote:

Sure there is...you just don't accept the concept of decency towards
your fellow man and woman.

Decency is admirable. That doesn't make it the job of the federal
government however. You can't legislate decency and government is
absolutely the wrong place to try and provide it.



Government is nothing more than people and their policies. I still
haven't
seen any reasonable ideas from you that would help low-income workers
secure decent health care coverage or a decent retirement, when every
dime
they earn goes to feed and shelter themselves and their families. The
days
of upward mobility for tens of millions of workers are pretty much over.

If only them thar people up there in Washington would start acting
decently
and responsibly to serve the needs of ALL the people. The first thing the
Govt. needs to do is get out of the jobs and cars and healthcare
businesses
and plant the seeds for entrapanerial ventures that create products and
jobs.

Earn a dollar, then spend a dollar. That's the way it should be done.



Right...because the private sector has been doing so much of late to
create jobs...

Actually, I'd prefer we get the health care insurers out of the health
care insurance business altogether...they serve no useful purpose.


It's guys like you who are dead set against the private sector succeeding.
The ability to conceive and deliver a product or service the consumer needs
or wants, leads to job creation and often great wealth to the creator of the
jobs. Win-Win for everyone. Until the union creeps in and removes the
incentive to work hard and EARN merit increases.


Do you insure your car, your gentleman's estate, your boat, your life? Why
not your health?



Health insurers do not deliver a product the consumer needs or wants.
Health care is already out there...it exists. Health insurance adds an
unnecessary middle-man factor.

ah, yes, the latest on my company 401K
 

"Harry ?" wrote in message
...
On 7/26/10 10:45 AM, Harold wrote:
"Harry wrote in message
...
On 7/26/10 10:28 AM, Harold wrote:
"Harry wrote in message
...
On 7/25/10 10:55 PM, Wayne.B wrote:
On Sun, 25 Jul 2010 20:41:14 -0400, Harry
wrote:

Sure there is...you just don't accept the concept of decency towards
your fellow man and woman.

Decency is admirable. That doesn't make it the job of the federal
government however. You can't legislate decency and government is
absolutely the wrong place to try and provide it.



Government is nothing more than people and their policies. I still
haven't
seen any reasonable ideas from you that would help low-income workers
secure decent health care coverage or a decent retirement, when every
dime
they earn goes to feed and shelter themselves and their families. The
days
of upward mobility for tens of millions of workers are pretty much
over.

If only them thar people up there in Washington would start acting
decently
and responsibly to serve the needs of ALL the people. The first thing
the
Govt. needs to do is get out of the jobs and cars and healthcare
businesses
and plant the seeds for entrapanerial ventures that create products and
jobs.

Earn a dollar, then spend a dollar. That's the way it should be done.



Right...because the private sector has been doing so much of late to
create jobs...

Actually, I'd prefer we get the health care insurers out of the health
care insurance business altogether...they serve no useful purpose.


It's guys like you who are dead set against the private sector
succeeding.
The ability to conceive and deliver a product or service the consumer
needs
or wants, leads to job creation and often great wealth to the creator of
the
jobs. Win-Win for everyone. Until the union creeps in and removes the
incentive to work hard and EARN merit increases.


Do you insure your car, your gentleman's estate, your boat, your life?
Why
not your health?



Health insurers do not deliver a product the consumer needs or wants.
Health care is already out there...it exists. Health insurance adds an
unnecessary middle-man factor.


You want to pay for your healthcare out of your own pocket? I suppose that's
fair.

--
Harold

ah, yes, the latest on my company 401K
 

In article ,
says...

On 7/26/10 10:45 AM, Harold wrote:
"Harry wrote in message
...
On 7/26/10 10:28 AM, Harold wrote:
"Harry wrote in message
...
On 7/25/10 10:55 PM, Wayne.B wrote:
On Sun, 25 Jul 2010 20:41:14 -0400, Harry
wrote:

Sure there is...you just don't accept the concept of decency towards
your fellow man and woman.

Decency is admirable. That doesn't make it the job of the federal
government however. You can't legislate decency and government is
absolutely the wrong place to try and provide it.



Government is nothing more than people and their policies. I still
haven't
seen any reasonable ideas from you that would help low-income workers
secure decent health care coverage or a decent retirement, when every
dime
they earn goes to feed and shelter themselves and their families. The
days
of upward mobility for tens of millions of workers are pretty much over.

If only them thar people up there in Washington would start acting
decently
and responsibly to serve the needs of ALL the people. The first thing the
Govt. needs to do is get out of the jobs and cars and healthcare
businesses
and plant the seeds for entrapanerial ventures that create products and
jobs.

Earn a dollar, then spend a dollar. That's the way it should be done.



Right...because the private sector has been doing so much of late to
create jobs...

Actually, I'd prefer we get the health care insurers out of the health
care insurance business altogether...they serve no useful purpose.


It's guys like you who are dead set against the private sector succeeding.
The ability to conceive and deliver a product or service the consumer needs
or wants, leads to job creation and often great wealth to the creator of the
jobs. Win-Win for everyone. Until the union creeps in and removes the
incentive to work hard and EARN merit increases.


Do you insure your car, your gentleman's estate, your boat, your life? Why
not your health?



Health insurers do not deliver a product the consumer needs or wants.
Health care is already out there...it exists. Health insurance adds an
unnecessary middle-man factor.

Spoofer alert! Any idiot would know that the government would be just
that, the middle man.

ah, yes, the latest on my company 401K
 

On 7/26/10 11:43 AM, wrote:
On Mon, 26 Jul 2010 10:52:05 -0400, Harry
wrote:

Health insurers do not deliver a product the consumer needs or wants.
Health care is already out there...it exists. Health insurance adds an
unnecessary middle-man factor.

... and a huge government bureaucracy wouldn't?


It wouldn't have to, would it? Remember, I am an advocate of the swiss
system, in which the basic plans offered are all the same, and could
easily be administered (claims received, claims paid) by a non-profit
third party, since procedures and medications would be covered or not,
and lists would be circulated and coded. If you want additional
coverages, and many would, private insurance companies could sell those
separately through a regulated process.

I advocate dumping the current health care payment process and coming up
with something entirely different.

ah, yes, the latest on my company 401K
 

On 7/26/10 12:04 PM, wrote:
On Mon, 26 Jul 2010 11:49:23 -0400, Harry
wrote:

On 7/26/10 11:43 AM, wrote:
On Mon, 26 Jul 2010 10:52:05 -0400, Harry
wrote:

Health insurers do not deliver a product the consumer needs or wants.
Health care is already out there...it exists. Health insurance adds an
unnecessary middle-man factor.

... and a huge government bureaucracy wouldn't?


It wouldn't have to, would it? Remember, I am an advocate of the swiss
system, in which the basic plans offered are all the same, and could
easily be administered (claims received, claims paid) by a non-profit
third party, since procedures and medications would be covered or not,
and lists would be circulated and coded. If you want additional
coverages, and many would, private insurance companies could sell those
separately through a regulated process.

I advocate dumping the current health care payment process and coming up
with something entirely different.

I guess my problem with the government is their vulnerability to
fraud. Medicare is the shining example of a low overhead way to pay
bills, when you ask but their fraud rate is a lot higher than the
private insurers. For some reason our government is very susceptible
to getting robbed. (Medicare, DoD procurement, USDA programs,
whatever)
Perhaps the Swiss are just more honest.


Sadly, we tolerate fraud. Look at government defense contracting.