Mark twain made a phrase popular There are 3 kinds of lies Lies, damned lies and statistics :D Sent from my SAMSUNG-SGH-I317 using Tapatalk 2
Just spent a good part of the day at a meeting about the Affordable Care Act (Obamacare). For MANY people, especially young healthy males, the new plans are much more expensive than the existing private plans we have now. So.....who is going to go on the new plans?...ONLY the people that are already unhealthy and can not get underwritten into the existing private plans. Which means, the new plans are going to have terrible claims experience and that will further push the rates up. It is so broken right now that I wanted to just walk out. My biggest fear is that all the private plans are going to rais their rates up now because they know that they will still be a little cheaper than what we can get through the new exchanges. We are screwed. Show me one single government agency that has been able to effectively manage resources and that has ever shrunk in size or budget. Heaven help us.
What? Alot of people retired in 2008 and it wasn't because of the huge SS checks they would be receiving. Sent from my SAMSUNG-SGH-I317 using Tapatalk 2
Yes, people did retire, maybe not as many as normal but alot did. You pay twice as much into SS than you can expect to receive back. So you have lost 50% before you even get started. You are paying for those that don't pay into it. The market grows on average 7% -11% every year. There will be down years but that's why it's called an average. Give me the option of opting out and I'll take my chances over a 40 year working career with it being worth much more than my SS check. When I die, SS is gone. If it's my money, my family gets it. Having it be a mandatory system like SS would probably be beneficial because if given the choice, most would do nothing. Sent from my SAMSUNG-SGH-I317 using Tapatalk 2
it's great when it grows, but what happens when the market goes hay wire? I know what I lost in 2008, 2009
Since you've been investing for 40+ years, you would still be WAY ahead of SS. Especially if you've invested the same money you've invested in ss and your retirement. Plus you will get it back in a couple years in most cases. Rarely does anyone lose their initial investments in mutual funds, especially on a long term basis. With SS, everyone can expect to be on the losing end of it. Plus, the ones not contributing are bleeding it dry. Government being one of them. If we were investing, we would be investing in the country, making it stronger, not weaker. Sent from my SAMSUNG-SGH-I317 using Tapatalk 2
Do you realize that just investing an average car payment each month for your entire working career from the age of 18 in mutual funds will make you a millionaire by the time you retire? Sent from my SAMSUNG-SGH-I317 using Tapatalk 2
I didn't "lose" anything. Never went below my investment. Mine is back and ahead of the game. The 50% I through out is not a statistical numbet but it's a safe bet if we die at the average age that we won't be ahead. Sent from my SAMSUNG-SGH-I317 using Tapatalk 2
yes you cannot slant the stats, it's just a number. Just looking at the number. Can you manipulate the stats, absolutely. I manipulate stats for a living Again the number is the number
I don't know how to change it... Let's make the lawyers pay for it. They're the one's running the cost up right?
I would bet that advancements increase cost as much as anything but that is just a guess. Sent from my SAMSUNG-SGH-I317 using Tapatalk 2
Lawyers win everytime. Win or lose they get paid, payouts go mostly to lawyer fees. It's great to be a lawyer and own your firm.
Yeah I don't see any of it getting cheaper... I am glad to see people getting medical care however. I am just not convinced we are going about it wisely.
