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Post by Uncaripswife on Oct 22, 2017 7:52:04 GMT -6
Also, there are two other pension problems that no one talks about. First, many states/counties/municipalities have pension obligations they will never be able to meet without jacking up taxes astronomically. So some government workers might get a fraction of the retirement they are expecting. Second, many union pension plans (aka multiemployer plans) are underfunded. Hundreds of thousands of people are relying on pensions that are expected to be insolvent in the next 15-20 years. Retirees are ALREADY experiencing significant pension cuts. These people are elderly and physically cannot work even if they could get someone to hire a 75 year old disabled truck driver. We are going to have destitute elders right at the time we are undermining the social safety net. And, PS, the government agency meant to insure these union pensions is itself facing a funding crisis. Enjoy your career, because it is never going to end. Isn't this what bankrupted the Big Three? The big three automakers? Nah. Practically every major employer with a traditional pension plan that goes through ch. 11 bankruptcy tries to reorg their pension liabilities just because, yeah, they are a big expense. For the automakers the bigger issue was retiree health benefits. Instead of accruing those liabilities forever they set up VEBA trusts to fund retiree health costs. The airline pensions were a big issue. Several airline pensions were taken over by the PBGC.
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Post by charlotte on Oct 22, 2017 7:56:20 GMT -6
Uncaripswife giving me an anxiety attack this AM 😩 I guess I’d better start exercising if I want to be able to work until I die.
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Post by Uncaripswife on Oct 22, 2017 7:57:19 GMT -6
Uncaripswife giving me an anxiety attack this AM 😩 I guess I’d better start exercising if I want to be able to work until I die. Sorry. I'm a known buzzkill. 😬
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Post by summerbabe on Oct 22, 2017 8:00:03 GMT -6
Uncaripswife giving me an anxiety attack this AM 😩 I guess I’d better start exercising if I want to be able to work until I die. Omg me too. In better news it might inspire me to up my retirement contribution % during open enrollment.
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Post by blurnette989 on Oct 22, 2017 8:02:33 GMT -6
Uncaripswife giving me an anxiety attack this AM 😩 I guess I’d better start exercising if I want to be able to work until I die. Sorry. I'm a known buzzkill. 😬 I'd say realist, because quite frankly not working until you die is a relatively recent phenomenon. For the vast majority of people over time you worked until you died. And rich people would prefer that. And when you become infirm and can't work, well it's best if you just die readily. And if pensions and retirements are destroyed and there is no healthcare, people will start dying earlier. Which is probably fine by the wealthy elite.
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Post by cakewench on Oct 22, 2017 8:12:28 GMT -6
Dying at “US television shouting man”.
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Post by Uncaripswife on Oct 22, 2017 8:13:53 GMT -6
Uncaripswife giving me an anxiety attack this AM 😩 I guess I’d better start exercising if I want to be able to work until I die. Omg me too. In better news it might inspire me to up my retirement contribution % during open enrollment. You can probably do it now. Most employers don't limit 401(k) changes the way they limit health insurance changes.
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Post by Uncaripswife on Oct 22, 2017 8:14:36 GMT -6
Dying at “US television shouting man”. "loves women consensually"
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fatpony
Amethyst
Posts: 5,695 Likes: 32,194
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Post by fatpony on Oct 22, 2017 8:16:31 GMT -6
Ugh, husband messed with the tv last night and now the antenna isn’t working so I can’t watch the morning news shows.
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Post by greykitty on Oct 22, 2017 8:31:50 GMT -6
From what I understand, defined benefit pension plans are pretty much gone, other than for some unionized/government entities. And most of those seem to be wildly underfunded and creating horrendous financial issues for everyone.
My employer recently changed to a defined contribution plan, which seems more common for large employers these days, but there is still a heavy emphasis on the 401k as a retirement tool.
That said, for many voters, they never felt they had enough money to even utilize a 401k even modestly, so I'm not sure protests will come from anywhere other that the middle class and Wall Street. I myself am very against messing with 40lks as they stand.
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hawkward
Global Moderator
Loss, Infertility
Posts: 19,680 Likes: 123,251
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Post by hawkward on Oct 22, 2017 8:32:17 GMT -6
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Post by ldubhawksfan on Oct 22, 2017 9:23:31 GMT -6
Omg me too. In better news it might inspire me to up my retirement contribution % during open enrollment. You can probably do it now. Most employers don't limit 401(k) changes the way they limit health insurance changes. Yeah we can modify ours at any point during the year.
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Post by charlotte on Oct 22, 2017 10:39:55 GMT -6
Anybody else seeing all the pictures of the 5 living former presidents from the benefit for TX this weekend? 😭 how did we get here.
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Post by enchanted on Oct 22, 2017 12:25:59 GMT -6
Anybody else seeing all the pictures of the 5 living former presidents from the benefit for TX this weekend? 😭 how did we get here. President Obama had a FB Live video for a bit. It was brutal.
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Post by enchanted on Oct 22, 2017 13:01:11 GMT -6
President Obama had a FB Live video for a bit. It was brutal. What happened in it? On, nothing really. Just seeing competent world leaders was brutal.
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Post by blurnette989 on Oct 22, 2017 15:07:38 GMT -6
Also, have we talked about Tom Price's wife's comments on people with HIV? Because holy fuck woman. That lady is willfully ignorant.
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dc2london
Admin
Press Secretary
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Post by dc2london on Oct 22, 2017 17:27:47 GMT -6
Also, have we talked about Tom Price's wife's comments on people with HIV? Because holy fuck woman. That lady is willfully ignorant. we unanimously agreed that she is Fecking Awful.
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dc2london
Admin
Press Secretary
Posts: 62,654 Likes: 429,248
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Post by dc2london on Oct 22, 2017 18:01:22 GMT -6
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Post by enchanted on Oct 22, 2017 18:11:03 GMT -6
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dc2london
Admin
Press Secretary
Posts: 62,654 Likes: 429,248
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Post by dc2london on Oct 22, 2017 18:24:28 GMT -6
I hope that doesn't in any way sound like I"m trying to excuse HW's disgusting actions. Not even the slightest bit. My point is that many on the right want to hold up the fact that HW is a big donor to Democratic candidates as some sort of evidence that we condone sexual harassment and are hypocrites. Meanwhile, they've put Sex Offender in Chief in the WH and have a long history of brushing sexual harassment by white men under the rug.
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dc2london
Admin
Press Secretary
Posts: 62,654 Likes: 429,248
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Post by dc2london on Oct 22, 2017 18:29:50 GMT -6
The National Review is claiming that Putin went after Bill Browder (the Magnitsky Act guy,) again last week and now suddenly the US has revoked his Visa to travel here. That stinks to high heaven. I'm going to dig into it and report back.
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Post by anastasia on Oct 22, 2017 21:49:06 GMT -6
From what I understand, defined benefit pension plans are pretty much gone, other than for some unionized/government entities. And most of those seem to be wildly underfunded and creating horrendous financial issues for everyone. So, should I not count on the teacher pension I pay into? I've always been dubious, but people try to tell me it'll be there in 30 years.
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Post by greykitty on Oct 23, 2017 6:36:03 GMT -6
From what I understand, defined benefit pension plans are pretty much gone, other than for some unionized/government entities. And most of those seem to be wildly underfunded and creating horrendous financial issues for everyone. So, should I not count on the teacher pension I pay into? I've always been dubious, but people try to tell me it'll be there in 30 years. Stuck in box. Is your plan fully funded currently? Are taxes creeping higher to pay for teaching pensions? Are taxpayers becoming restive? Believe me I think most teachers are under compensated but were I a younger teacher now I’d be making retirement plans not counting on that pension as currently written I know it’s usually in lieu of social security contributions and payments but I would not feel secure.
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Post by shadesofgold on Oct 23, 2017 8:33:27 GMT -6
Not in the right week, just wanted to put a plug for everyone to make sure you're in a Roth instead of a traditional IRA if you can! And try contribute as much as possible because the market is BONKERS right now and the getting is good. I've read that you should have saved the equivalent of your annual salary by the time you're 30 (others say 50% by that age) and twice your annual salary by the time you're 40. I'm behind but doing my best.
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jkjacq
Ruby
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Post by jkjacq on Oct 23, 2017 8:39:37 GMT -6
Not in the right week, just wanted to put a plug for everyone to make sure you're in a Roth instead of a traditional IRA if you can! And try contribute as much as possible because the market is BONKERS right now and the getting is good. I've read that you should have saved the equivalent of your annual salary by the time you're 30 (others say 50% by that age) and twice your annual salary by the time you're 40. I'm behind but doing my best. We have the option to split ours. So i have a % going into a traditional and % into a Roth. I also kept my previous one separate and didnt roll it over when we were acquired by my current company.
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byjove
Ruby
Posts: 16,252 Likes: 83,626
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Post by byjove on Oct 23, 2017 9:01:52 GMT -6
Not in the right week, just wanted to put a plug for everyone to make sure you're in a Roth instead of a traditional IRA if you can! And try contribute as much as possible because the market is BONKERS right now and the getting is good. I've read that you should have saved the equivalent of your annual salary by the time you're 30 (others say 50% by that age) and twice your annual salary by the time you're 40. I'm behind but doing my best. LOL I didn't even get a retirement account until was 31... thanks academia.
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Post by shadesofgold on Oct 23, 2017 9:03:57 GMT -6
Wtf? Like a leper colony? How about no? and WTF to "surveillance of partners?" Does this woman still hold a medical license? Bc she probably shouldn't It is common practice for departments of health to conduct "partner notification" when someone tests positive for HIV. They are able to provide names of past partners and the department reaches out to those partners and provide resources for testing. It is voluntary for the patient to provide those names and is generally done by a trained specialist in a highly sensitive and private manner. It is conceivable that those records are then used to track if that partner eventually has a positive diagnosis reported, since it is mandatory in most places for a new HIV infection to be reported to the government (as with other highly infectious diseases like TB.) Someone could match up the records. It is part of the "prevention cascade" to ensure that high-risk individuals get the testing and linkage to treatment they need. If a person who is high-risk tests negative, it is best practice to try to prescribe PrEP (literally The Pill against HIV infection) and keep them engaged in care. All this to say, in theory, "partner surveillance" isn't generally nefarious. It is good public health practice. HOWEVER this bitch is a moron and can go right to hell with the rest of her comments. I just wanted people to know that surveillance of partners is kind of a thing. (And also, there is a pill that prevents HIV! Did you know? Tell your friends! Ask your doctor!) ETA: I am fully aware that "good public health practice" doesn't always mean it is popular or unobjectionable. Public health is incredibly paternalistic and I'm the first to admit it.
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Post by shadesofgold on Oct 23, 2017 9:07:30 GMT -6
Not in the right week, just wanted to put a plug for everyone to make sure you're in a Roth instead of a traditional IRA if you can! And try contribute as much as possible because the market is BONKERS right now and the getting is good. I've read that you should have saved the equivalent of your annual salary by the time you're 30 (others say 50% by that age) and twice your annual salary by the time you're 40. I'm behind but doing my best. LOL I didn't even get a retirement account until was 31... thanks academia. I hear you. I didn't get one until I was 26 and my university had a hearty contribution policy. I thought I was like Scrooge McDuck swimming in money with what I'd saved away. Until I read an article about how much I should have saved and then realized I was the Little Match Girl.
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Post by charlotte on Oct 23, 2017 11:19:49 GMT -6
Not in the right week, just wanted to put a plug for everyone to make sure you're in a Roth instead of a traditional IRA if you can! And try contribute as much as possible because the market is BONKERS right now and the getting is good. I've read that you should have saved the equivalent of your annual salary by the time you're 30 (others say 50% by that age) and twice your annual salary by the time you're 40. I'm behind but doing my best. *starts hyperventilating*
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