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post #1 of 29 (permalink) Old 01-15-2016, 09:19 AM Thread Starter
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Default The sky is falling

2016 starts out with biggest lottery ever, major drop in gas prices, AND the crashing sound that only the DOW can make.
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post #2 of 29 (permalink) Old 01-15-2016, 09:34 AM Thread Starter
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But, I don't really care. I can't do anything about it. I don't worry about it but stay aware of US and World events. Why? Because I live here and once I get to a stopping place, I'm jumping off.

Walmart to close 154 stores in the US; 10,000 workers affected

Walmart to close 154 stores in the US; 10,000 workers affected | Fox News

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post #3 of 29 (permalink) Old 01-15-2016, 10:05 AM
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There certainly does seem to be a lot of uncertainty in the world economy as of late. I can't do anything to influence it either but I watch this stuff to help me gauge when I should retire. I can retire now and take the at least 10% loss to our investment portfolio and subsequent future purchasing power or I can work longer, add to our retirement nest-egg, and wait until some sort of market recovery before I retire. Our financial planner has built into our retirement plan a scenario he calls, "two bad years" which assumes that the first two years after retirement are bad ones with 20% and 10% drops in the stock market indices and we are still supposed to be okay even in this case. Since I have the luxury of working longer or retiring, I figure why not work a bit longer just to see what is really happening to the economy. If we don't go into a full-blown market crash, maybe I'll try to cut back to working part-time in a few months as a way of easing into retirement while still replenishing the nest-egg, albeit at a slower rate.

G'day,

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G'day,

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post #4 of 29 (permalink) Old 01-15-2016, 10:08 AM
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WalMart announced it's closing 269 stores.

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post #5 of 29 (permalink) Old 01-15-2016, 10:18 AM Thread Starter
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Quote:
Originally Posted by Vinish View Post
There certainly does seem to be a lot of uncertainty in the world economy as of late. I can't do anything to influence it either but I watch this stuff to help me gauge when I should retire. I can retire now and take the at least 10% loss to our investment portfolio and subsequent future purchasing power or I can work longer, add to our retirement nest-egg, and wait until some sort of market recovery before I retire. Our financial planner has built into our retirement plan a scenario he calls, "two bad years" which assumes that the first two years after retirement are bad ones with 20% and 10% drops in the stock market indices and we are still supposed to be okay even in this case. Since I have the luxury of working longer or retiring, I figure why not work a bit longer just to see what is really happening to the economy. If we don't go into a full-blown market crash, maybe I'll try to cut back to working part-time in a few months as a way of easing into retirement while still replenishing the nest-egg, albeit at a slower rate.

G'day,

Vinish
Vin,

You've got a plan and options. A man that is dedicated to staying aware and using your resources(fin planner) and common sense to deal with the uncertainty about the future that undoubtedly will never be stable.

My poor kids... I am more concerned about their future than my own. This is #1 reason that their education is a priority. Wife and I made sacrifices to invest in a college plan for our son and daughter that has already paid off for one.

I'd say that a majority of Americans do not have a plan and 5 to 10 years from now... or less, their lack of a plan and staying aware will cost us all.

You and I have got to make health care a major concern because this is where our savings/investments can be swallowed up. Hopefully this will not be the case but as we all age, things can happen.

My daughter and I had a long chat about these things last night. She is a nurse and while she makes good money, medical care is not free or cheap to her just because she is in the business.
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post #6 of 29 (permalink) Old 01-15-2016, 10:50 AM
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Quote:
Originally Posted by Blowndodge View Post
WalMart announced it's closing 269 stores.
...154 of them are in the US.



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post #7 of 29 (permalink) Old 01-15-2016, 11:17 AM
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Sorry to hear Walmart is closing so many stores ... Today i heard on the Dutch Radio "only" 5000 company's closed in '15 .... This was a much better results then in '14 apparently ....

Dill i like your post's ....

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post #8 of 29 (permalink) Old 01-15-2016, 11:17 AM
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That's a lot of people losing their jobs Id say ...

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post #9 of 29 (permalink) Old 01-15-2016, 11:22 AM
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Ps, health care .... Obama just declared that the USA is going to be the leader to cure Cancer ??

Yeah right .... By chemotherapy the number one killer in the healthcare ....

The death clock

Did you look at the links of supporting data at the bottom of that site.... for example the one about chemo? https://chemokills.info/

.
All country's are working against cheap and good medicine ... Expensive is GOOD

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post #10 of 29 (permalink) Old 01-15-2016, 12:03 PM Thread Starter
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Ha! Time to go into selling weed legally I guess.

DOW.jpg
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