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Trump had a three part tweet attacking Paul Ryan during the night. Someone was cranky. The part about Ryan being a bad fundraiser is a total lie, but a lot of what he said is true...lol
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Dems candidates show GOP they too can play ostrich on the subject of debt.
“Outside of a dog, a book is a man's best friend. Inside of a dog, it's too dark to read.” - Groucho MarxComment
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ETTDComment
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Meanwhile, the Stock Market is humming along at record highs. Not much from DSL on that. I do recall much glee dressed up as faux consternation when it was way down, though.Dan Patrick: What was your reaction to [Urban Meyer being hired]?
Brady Hoke: You know.....not....good.Comment
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AOC landmark question getting Powell to admit the Fed has been shit for a long time on full employment and rising interest rates is the rocket boost to the market. They wouldn't cut rates with only Trump demanding it to help his re-election bid. That Powell hearing is telegraphing a rate cut that if they don't follwo through on might slam the brakes on the market.
More on the Eurozone difficulty because of German austerity. Spend!
https://www.ft.com/content/eeadb2a8-...retype=blockedComment
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Since it has been rudely pointed out that myself and Stan, along with Geezer, although his age is really not known, I know Stan is years, years older than I am. However, with age comes wisdom so, I found this article interesting and applicable to under 50's. Here's some solid advice:
You don't spend less in retirement and as you age.
Housing costs rise as you age into your 80s and 90s. The biggest factor is the cost of assisted living. Age in place? If you're banking on that think again. While there has been sort of a niche market develop ostensibly serving folks who want to do this, it isn't practical in most situations. The reason is that at some point, most likely in the last 12-24 months of your life, you will need full-time care. It is an unusual partner or child that can provide that if your thinking they will do it. Companies that provide in home care are fine if you need some help, e.g., safely bathing, preparing meals, getting bills paid and taking care of finances. They are terrible if you are suffering from most levels of dementia and/or can't mobilize yourself without assistance. Elder day care has been advocated for these situations but family members who actually take this step find it is much more difficult than they anticipated. A parent or partner still has to get you to the facility and back home and the demented or immobilized elderly are a pain in the ass. Don't do this to your kids or partner.
You may have heard this but the typical cost of assisted living (varies by zip code) is around $200-250/day and that is if you don't need to be in a memory unit. That costs around $300/day. $6000 to $9000/month is typical. There is no question that most should have Long Term Care insurance. The sweet spot to get this according to people who study this stuff is in your early 60s, probably when you are at your peak earning power. Younger if you project your peak earnings in your 50s. But you don't think about this when you are in your 30s/40s because aging, disability and death are not on your radar. Think about it. It's not cheap but it is like forced savings with the benefit of an insurance policy to cover what is the difference between what you are putting away and what it will actually cost. Sure, if you're sitting on several million in the bank, just plan to set aside around $100K annually to pay for assisted living when you think you might need it. However, I can tell you any CFP worth his salt will tell you it is financially more beneficial to you in the long run to insure this risk.
Stay fit. Find exercise you enjoy and do it intensely (get your heart rate into 85-90% of calculated max) for 20 minutes 3-5X/week. Lift. Men will lose 30% of thier muscle mass in their lifetimes, more if your lifestyle is purely sedentary. https://www.health.harvard.edu/stayi...ur-muscle-mass. Staying fit now and later into your 80s and 90s can literally save you hundreds of thousands of dollars on health care. The literature does NOT support that you should "slow down" as you enter your 70's. Keep your BMI (a very rough measure but easy to use) well below 27 .... 25 and below for men. Don't let the belly fat creep up on you. It is a known cardiac risk factor and as you age, visceral fat is common and considered protective. That is why it is hard to lose it. You can easily drop that 10 lbs you might have gained in your 30s. That becomes increasingly difficult to do in your mid 40s and beyond. You'll keep resetting your acceptable weight and pants size upwards but the reality is you should remain trim and a BMI of 25 or less and body fat content (depending on age) at or around 20% or less in your 50s. Chart? Chart: https://www.builtlean.com/2010/08/03...centage-chart/
Importantly, while you'll spend less on cars, clothes and work related travel or family vacations, your spending habits that you from in early adulthood and into the parenting years don't change. The traditional projections say you will spend about 80% per year of what you spend in your working years. Nope, and the data supports that response. 100 to 110% is more like it. I've been retired for two years now. My monthly budget isn't much different than when I was working full time. The difference is the line items that I'm spending money on.
Finally (and this comes from another article I read in the Economist), big picture investment strategies are changing rapidly. In the past such sectors as manufacturing and real estate have been sound investments. That's changing. The service industry, not necessarily health care, and IP are surging. Lots of folks plan on paying off their mortgages and sitting on a nice potential pile of cash from their primary residence or income properties. Real estate values are not going to appreciate as they have in the last 3-4 decades and values won't keep up if inflation stays around 2-3%. So think about that in your financial planning. The property that you think is going to be worth $800K when you stop working allowing you to sell it and live off the proceeds, may not be worth that much. Worst case: A property worth $800K today with 0% growth in value and 3% inflation will be worth about $435K in today's dollars in 20 years. Besides, where are you going to live? The rental market is becoming increasingly attractive for the elderly and that is pushing rental prices up. In Fort Lauderdale, FL, for example, a relatively pricey rental market, a 3BR, 2B apartment of around 1500 sq ft - what most of you would probably expect is the minimum size - goes for 3-10K monthly depending on location and amenities.
Just some sobering thoughts for your Friday as you dream of the day you won't have to work.
Mission to CFB's National Championship accomplished. But the shine on the NC Trophy is embarrassingly wearing off. It's M B-Ball ..... or hockey or volley ball or name your college sport favorite time ...... until next year.Comment
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Jim Geraghty pretty well sums up how preposterously stupid the Palin-Cortez and her ilk are: https://www.nationalreview.com/the-m...and-ignorance/
It's nice to see some Ds actually waking up the objective fact that she and her cohort are shocking ignorant and/or silly.Dan Patrick: What was your reaction to [Urban Meyer being hired]?
Brady Hoke: You know.....not....good.Comment
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Democratic infighting is weakening them ahead of 2020. Not yet. her criticism of the squadenjoyed a nine-point average lead in the battle for the House, then controlled by Republicans. Today, the same aggregationnot seen a burst in fundraising.
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Meanwhile, in the Progressive Utopia of Connecticut, some high school girls have filed a Title IX case because the State allows dudes to compete as women and, you know, dominate. Because dudes are better at sports than chicks, despite Governor Cuomo's laughable proclamations to the contrary. https://www.nationalreview.com/2019/...ines-feminism/
But, hey, in the Brave New Democrat Socialist World, biology is an irrelevant fact. And if I know them Socialists, not only is it an irrelevant fact, it's also a bigoted, hateful, patriarchy-furthering fact. The upshot, though, is that if dudes keep competing as women maybe the USWMNT will eventually be good enough to beat a decent men's college team.Dan Patrick: What was your reaction to [Urban Meyer being hired]?
Brady Hoke: You know.....not....good.Comment
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Title IX is great. A fantastic piece of legislation when used for its intended purpose. It's almost hilarious to listen to any chick athlete complain about the US when the US is the world leader in promoting women's sports. It's one reason why the US is the greatest country on the planet bar none.
I hope Title IX serves to nix the the Democratic insistence that dudes with a cock and balls are chicks. But, I'm not so optimistic.
And, of course, while Title IX created equality of opportunity, it cannot create equal athletes. So, a decent D3 men's team would still go undefeated in the WNBA. But, apparently the Democrats like to pretend that's not the case as well.Dan Patrick: What was your reaction to [Urban Meyer being hired]?
Brady Hoke: You know.....not....good.Comment
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BREAKING NEWS: Local politician panders to a crowd and man in Columbus gets madComment
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Dan Patrick: What was your reaction to [Urban Meyer being hired]?
Brady Hoke: You know.....not....good.Comment
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