Search found 244 matches

by Generation-X
Fri Jan 24, 2020 9:09 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

Continued What are your thoughts when you're looking at potential US candidates or even your local politicians? Do you have a favorite candidate at this time? It is morally right to provide aid to those in need, but there shouldn't be an expectation that it is for life. Likewise, it is the society t...
by Generation-X
Fri Jan 24, 2020 10:44 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

Couldn't agree with you more. "Don’t steal, don’t lie and don’t cheat. Republicans hate competition." :shock: LOL, Ok seriously.. Leaders make all the difference, in most situations that involve many people. (One can relate I'm sure, at work etc. :roll:) We are fortunate that we can choose a few and...
by Generation-X
Thu Jan 23, 2020 4:06 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

When I wrote that journal what I had in mind was retirement planning. It was on the front pages today: 'Hobnobbing With Billionaires in Davos,' Trump Admits—If Reelected—He Will Seek to Cut Social Security, Medicaid, and Medicare https://www.commondreams.org/news/2020/01/22/hobnobbing-billionaires-d...
by Generation-X
Wed Jan 22, 2020 5:00 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

Healthcare Until Patient Protection and Affordable Care Act became law in 2010, the way most people acquired and maintained healthcare coverage in life was to have a job and work until Medicare at age 65. ACA changed this in 2010. In fact, ACA perfectly suited ERE because the cost of healthcare was ...
by Generation-X
Sun Jan 19, 2020 3:30 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

business continuity / employer insolvency (Income - more thoughts) On financial incentives to continue working IMHO, the 3 legged stool model for traditional retirement works very well. In the model, the normal working income is replaced with three smaller income sources in retirement - the pension,...
by Generation-X
Sat Jan 18, 2020 6:49 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement: and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemne...
by Generation-X
Thu Jan 16, 2020 3:23 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

ERE begins with retirement For most people, not much changes in retirement. Unless you are part of the Donald Trumpers (1% of the US population) with at least 10 million dollars lying around (2016*), for most us, retirement simply means trading job for time, with a significant cut in income. A reduc...
by Generation-X
Mon Jan 13, 2020 7:48 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

Business continuity / Employer insolvency - (income - continued) I have been combing through the annual statements going back to the last 20 years for the pension and believe I have a decent ballpark understanding of the risks involved. The funded status is the issue, but the devil is in the details...
by Generation-X
Sat Jan 11, 2020 8:14 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

The outlook for the next decade - the 2020's Most will face a frugal future, well into the decade. Possibly improving toward the end. 1. As the *perceived* good economy continues, Trump will likely be re-elected. The Neocon/Right-Wing politics will continue to escalate, without much regard to diplom...
by Generation-X
Thu Jan 09, 2020 5:28 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

If you can't be good, be careful - and don't forget to look before you leap Making a choice to retire isn't easy. But what's harder, is living with the consequences of that choice which lasts a lifetime. When it comes to saving for retirement, I love the ERE approach - why wait? Ramp up that savings...
by Generation-X
Wed Jan 08, 2020 5:47 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

In praise of the Social Security The more I research the topic of retirement planning, the more I appreciate Social Security . To quote Jane Bryant Quinn: https://i.imgur.com/RWfyWqN.png This is the single greatest wealth that everyone has in their lifetime. It isn't much, but it is something. May ...
by Generation-X
Tue Jan 07, 2020 4:47 am
Forum: Money Questions
Topic: Your macro/mkt prediction for 2020? Let's see who gets it right
Replies: 21
Views: 1413

Re: Your macro/mkt prediction for 2020? Let's see who gets it right

Most will face a frugal future, well into the decade. Possibly improving toward the end.
by Generation-X
Tue Jan 07, 2020 4:16 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

Business continuity / Employer insolvency - (income) All good things must come to an end - (eventually). Yesterday they finally pulled the plug on my little experiment that I had been engaged in for almost a year. We were after a good dining experience at a casino with visiting guests and happened ...
by Generation-X
Sun Jan 05, 2020 7:36 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

Exactly how I feel as this bubble froths up. I am all in cash, I'm that much of a chicken. Being the product of the 70's and the 80's, I can not resist but to link this: https://www.youtube.com/watch?v=d-diB65scQU Even though the economy was worse off, people were happier back then, as you can tell...
by Generation-X
Sun Jan 05, 2020 6:30 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

VX gapped up a bit, edging higher. If things hold, might get interesting.
by Generation-X
Fri Jan 03, 2020 2:36 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

Status Update Net worth has increased to over 710k. The progress has been faster than projected, mainly due to interest and a small increase in salary along with profits taken from trading activities. The accrued interest has been mostly keeping pace with inflation (I use 5% based on Ibbotson) but i...
by Generation-X
Wed Jan 01, 2020 10:00 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

Business continuity / employer insolvency These risks exist. In my particular case, a 50-year projection is probably sufficient. The consequences of these events are fundamentally life altering such that it is better to prepare as if these events will occur. A more important question is not whether...
by Generation-X
Tue Dec 31, 2019 2:28 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

(continued) Though, I had already begun parking assets in FDIC insured and treasuries a while back, it will be wise not to mistake these back and forth shufflings of the paper as real life. Because the luster in these papers as they appear today will begin to dull quickly as people face the reality ...
by Generation-X
Tue Dec 31, 2019 5:37 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

That is a good point about securing water resources with climate change in mind. Without water, the California desert really is a dust bowl. It reminds me of the Great Depression. (https://courses.lumenlearning.com/suny-ushistory2os2xmaster/chapter/the-depths-of-the-great-depression/) The Great Depr...
by Generation-X
Mon Dec 30, 2019 12:08 am
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 308
Views: 68375

Re: Generation-X' Journal

Inflation (continued) Even though the insolvency is relatively higher as compared to the pension or social security, an immediate inflation protected annuity is a good viable option for hedging the unknown future. This of course, presumes that the United States will stay intact as a nation and that...