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05-18-2014, 07:25 AM
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Ready
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Join Date: Oct 2013
Posts: 19,175
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You've got it figured out, Barney. If they can't get you to commit to going to 70, a 'financial adviser' will always have reasons why you should retire next year. Never this year.
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05-18-2014, 07:34 AM
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Senior Member
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Join Date: Aug 2011
Location: Derby City U.S.A.
Posts: 8,213
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Quote:
Originally Posted by donquixote99
You've got it figured out, Barney. If they can't get you to commit to going to 70, a 'financial adviser' will always have reasons why you should retire next year. Never this year.
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I used some of my retirement funds to purchase a rental property. The adviser wanted me to borrow it instead. Pay interest to me along with paying it back.
I told him that the amount needed would earn me a couple of hundred $ a month right now over what it is earning now with them. No payment to make either and own something other then paper or in the ether.
After it was over he admitted doing the same thing too!
Barney
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05-18-2014, 07:47 AM
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Ready
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Join Date: Oct 2013
Posts: 19,175
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Quote:
Originally Posted by Oerets
I used some of my retirement funds to purchase a rental property. The adviser wanted me to borrow it instead. Pay interest to me along with paying it back.
I told him that the amount needed would earn me a couple of hundred $ a month right now over what it is earning now with them. No payment to make either and own something other then paper or in the ether.
After it was over he admitted doing the same thing too!
Barney
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I trust the last bit got him fired? Like, he admitted to giving you bad, self-serving advice, which was not what he does in his own case.
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05-18-2014, 07:52 AM
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Senior Member
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Join Date: Aug 2011
Location: Derby City U.S.A.
Posts: 8,213
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Quote:
Originally Posted by donquixote99
I trust the last bit got him fired? Like, he admitted to giving you bad, self-serving advice, which was not what he does in his own case.
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Not the guy we use anymore. He moved on to greener pastures. Went out on his own now. Tried to poach us a few months ago from our current guy. Got a free meal out of it anyway.
Barney
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05-18-2014, 10:38 AM
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Banned
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Join Date: Jan 2014
Posts: 4,454
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Quote:
Originally Posted by BlueStreak
The whole world wants you to work until you die, Barney. The government wants to spend your SS money, the bankers want to keep your 401k, Republicans hate it when ANYONE stops working (Except themselves, of course, because they "earned" it and you didn't. ), Democrats want you to keep paying taxes.....................
F**k'em all, Barney. You make up your mind when you're ready and just do it.
Dave
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Yes they all want your money and don't want to payout SSI if at all possible. You and I Dave might not get it at all unless they do some drastic revamping of SSI.
Quote:
Originally Posted by Oerets
I used some of my retirement funds to purchase a rental property. The adviser wanted me to borrow it instead. Pay interest to me along with paying it back.
I told him that the amount needed would earn me a couple of hundred $ a month right now over what it is earning now with them. No payment to make either and own something other then paper or in the ether.
After it was over he admitted doing the same thing too!
Barney
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Diversify Barney, I can't express enough about hard assets. Don't care what they are but they need to be physical. Real Property that you own hold and control without any third party risk.
You said this,
"They want me to keep it in a fund and not spend it. EVER! They don't want to pay it out but keep it, so they can keep making money off of it."
Glad you see that they will never recommend anything that they can't control and earn from. They never tell you to buy/invest in physical property like the metals. They will be more than happy to take your earning and put it in gold ETF's so that your exposed to it. They won' tell your going to be taken to the cleaners though and they get paid anyway. Metals are only one hard asset to consider in Real Property.
Too much in paper assets in this volatile economy could and I see it as will be a disaster. I also noticed you never mentioned anything about Semi-Retirement which is an avenue to look into. Collect SSI and generate minimal income for maybe 5-8 years.
I have also been thinking of relocating to a cheaper economy when I retire. Where I am is good to work because the cost of living is high and is where the money is at. Once the earnings stop I don't think the need to stay in a high cost of living environment would be the best move. All your retirement funds will go further relocating.
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05-18-2014, 10:55 AM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,237
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Anyone surprised that the "true patriot" 'baggers want to bail on their homeland that gave them everything they have as soon as they can?
Freekin' sociopaths wrapped up in Old Glory like a rotten three day old corndog.
Good riddance, move to Belize or Somalia.
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
Last edited by bobabode; 05-18-2014 at 11:11 AM.
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05-18-2014, 11:14 AM
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Banned
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Join Date: Jan 2014
Posts: 4,454
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Quote:
Originally Posted by bobabode
Anyone surprised that the "true patriot" 'baggers want to bail on their homeland that gave them everything they have as soon as they can?
Freekin' sociopaths wrapped up in Old Glory like a rotten three day old corndog.
Good riddance, move to Belize or Somalia.
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Your assuming again.
Bobby Stockton like where Barbara lives is far cheaper than on the SF peninsula. Hence lower cost of living.
I really wish you would stop trolling and have a decent discussion for once.
Last edited by 4-2-7; 05-18-2014 at 11:18 AM.
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05-18-2014, 11:17 AM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,237
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Quote:
Originally Posted by 4-2-7
your assuming again.
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Naw, you're the one assuming that I was talking about you, my egomaniacal friend. Go back and read it again.
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
Last edited by bobabode; 05-18-2014 at 12:14 PM.
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05-18-2014, 12:37 PM
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Banned
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Join Date: Jan 2014
Posts: 4,454
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Quote:
Originally Posted by bobabode
Naw, you're the one assuming that I was talking about you, my egomaniacal friend. Go back and read it again.
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Ah that's the reason your edit of this post, ya right Bobby. Clean it up.
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05-18-2014, 01:22 PM
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Banned
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Join Date: Jan 2014
Posts: 4,454
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Quote:
Originally Posted by 4-2-7
Yes they all want your money and don't want to payout SSI if at all possible. You and I Dave might not get it at all unless they do some drastic revamping of SSI.
Diversify Barney, I can't express enough about hard assets. Don't care what they are but they need to be physical. Real Property that you own hold and control without any third party risk.
You said this,
"They want me to keep it in a fund and not spend it. EVER! They don't want to pay it out but keep it, so they can keep making money off of it."
Glad you see that they will never recommend anything that they can't control and earn from. They never tell you to buy/invest in physical property like the metals. They will be more than happy to take your earning and put it in gold ETF's so that your exposed to it. They won' tell your going to be taken to the cleaners though and they get paid anyway. Metals are only one hard asset to consider in Real Property.
Too much in paper assets in this volatile economy could and I see it as will be a disaster. I also noticed you never mentioned anything about Semi-Retirement which is an avenue to look into. Collect SSI and generate minimal income for maybe 5-8 years.
I have also been thinking of relocating to a cheaper economy when I retire. Where I am is good to work because the cost of living is high and is where the money is at. Once the earnings stop I don't think the need to stay in a high cost of living environment would be the best move. All your retirement funds will go further relocating.
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Quote:
Originally Posted by bobabode
Anyone surprised that the "true patriot" 'baggers want to bail on their homeland that gave them everything they have as soon as they can?
Freekin' sociopaths wrapped up in Old Glory like a rotten three day old corndog.
Good riddance, move to Belize or Somalia.
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You directed this comment at me Bob, No getting around it. Who else mention relocation on this thread? Who else on this thread would you call names like that?
Quote:
Originally Posted by 4-2-7
Your assuming again.
Bobby Stockton like where Barbara lives is far cheaper than on the SF peninsula. Hence lower cost of living.
I really wish you would stop trolling and have a decent discussion for once.
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I replied in kind.
Quote:
Originally Posted by bobabode
Naw, you're the one assuming that I was talking about you, my egomaniacal friend. Go back and read it again.
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You replied back although not as negative. But after seeing the post on this thread
http://www.politicalchat.org/showthr...?t=7535&page=3
you felt the need to edit your post. Why Bobby don't you want to look like a troll? If I didn't quote the above post you would have changed that as well.
Conclusion your not only tolling this site and me, I'll in good faith use kind words here. Your Dishonest Bob.
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