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Saying that a $1 today, with compounding interest, will multiply 2, 4, or 8 times by retirement is not true. Look at today's interest rates on CDs and IRAs. You are lucky to earn 1.25% with a jumbo. That interest earned won't pay the price of a postage stamp or for a tank of gas down the road.
I can understand the frustration not only from Mickelson but also numerous other high tax payers who continue to dole out money to the IRS and other tax agencies while the federal and state governments squander hundreds of billions of dollars in fruitless ways. The federal government, through Obama's taxpayer funded "...more
Let's get serious.....homes are not selling as quickly as sellers and lending institutions would like not because of issues with zillow.com or other national realtor sites but because the economy still sucks, despite the stock market numbers; real unemployment numbers are far in excess of the sanitized numbers put out ...more
Sorry, but after doing the math to calculate what my benefits will be if I retire at 62 or wait until 66 or even wait until 70, I have found that if I wait until 70, regardless of an increased amount for me, it will take an additional 8 years and 7 months to equal the money that I will receive if I begin taking benefit...more
One of the issues not discussed by Obama so far with this influx of money into small businesses is what about the concerns regarding the proposed health care legislation which, if passed, will have severe financial repercussions on small business owners?
Are we getting the whole story at once, or is this going to b...more
Maybe my age is showing!!!! Sorry, but I got the humor of Johnny Carson (great) and Jay Leno (pretty good), but Conan O'Brien is brutal and has turned the late night show to crap. His sidekick also is brutal and belongs on those Weekend at Bernie's movies as a cadaver. NBC definitely is in the toilet with regard to ...more
It definitely is true that banks actually are being more stingy when it comes to lending for mortgages. I have been attempting to extend my LOC that expires this coming June, and it has been a battle with the lending association with which I am attempting to renew. They claim that my credit score, although I absolute...more
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