StormyMcMan

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I work in a plant. In every control room, folks brag about their 401k loans. Most have 2. Braces, boats, and vehicles are all the "hardships" these folks have.

One dude said he took out a loan and paid for his truck in cash

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The only caveat I’d add is that a 401(k) loan is different from a hardship withdrawal.

With a loan, you’re required to pay yourself back, including interest, which is currently around 7% in many plans. So in a sense, you’re repaying your own account and partially replacing some of the market return you may have missed while the money was out of the plan which isn't the worst thing in the world (long term) so long as you are continuing normal deferrals.

That said, I’ve personally noticed an uptick in loans, especially for medical-related expenses. That’s where I really wish the IRS would issue clearer guidance on PLESAs. A properly implemented emergency savings option could help cover many of these situations before people feel forced to tap their retirement accounts.

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Current spot market for gasoline (RBOB) is ~$2.95. Why use oil price to figure out gasoline prices when there is a spot market for the actual product?

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Just to confirm that while WTI and RBOB tend to directionally move together RBOB is a much better gauge on actual gas prices. We started bombing Iran again and WTI goes up ~5%, RBOB only went up ~3%

Or in dollar terms
WTI -> ~$69 -> peaked at about $75 this morning -> currently at about $74
RBOB -> $2.96 -> peaked at about $3.02 this morning -> currently at about $2.98

Current spot market for gasoline (RBOB) is ~$2.95. Why use oil price to figure out gasoline prices when there is a spot market for the actual product?

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It never caused me any problems

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Survivorship bias or survivor bias is a statistical error that results from concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of incomplete data.

Survivorship bias is a form of sampling bias that can lead to overly optimistic beliefs because multiple failures are overlooked, such as when companies that no longer exist are excluded from analyses of financial performance. It can also lead to the false belief that the successes in a group have some special property, rather than just a coincidence, as in correlation "proves" causality.

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We're paying at least $300 billion to rebuild Iran.......


You just can't be THIS F*CKING STUPID.

Of course, given the rest of your post, it’s clear you are.

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Per the released MOU:

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United States of America undertakes with regional partners to develope a definite, mutually agreed plan with at least USD $300 billion for the reconstruction and economic development of the Islamic Republic of Iran. The mechanism for the implementation of this plan will be finalized as part of a final deal within 60 days. All required licenses, waivers and permission needed for the relevant financial transactions will be granted by the United States of America

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So it may not be *solely* the US, but Iran is going to receive at least $300B if they get to a deal within 60 days.

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You people need to remember, none of this happens in a vacuum. The CIA and Mossad are going to be feeding the insurgency in Iran bigtime

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This has never bit the US in the arse and caused us bigger issues years later. Never ever ever

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And it won't cost a single American.

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You do know we had KIA on this endeavor right?

Here are various things I am seeing on Twitter about it

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NEW: The reported 14-point draft Iran–US memorandum proposes:

Immediate and permanent ceasefire across all fronts, including Lebanon.

US commitment not to interfere in Iran’s internal affairs.

End of the naval blockade and reopening of the Strait of Hormuz within 30 days.

US military withdrawal from areas surrounding Iran.

Suspension of oil-related sanctions and restoration of Iran’s access to its revenues.

$300 billion in reconstruction plans/funding from the US and allies.

60 days of negotiations toward a final agreement focused on Iran’s nuclear program and broad sanctions relief.

Iran reaffirms it will not develop nuclear weapons under the NPT.

No new US troops or sanctions during negotiations.

Release of $24 billion in frozen Iranian assets during the negotiation period.

Creation of a monitoring mechanism and UN Security Council endorsement of the final deal.

Missile programs and Iran’s support for regional allied groups would be excluded from the talks.

Source: Mehr

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LINK

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BIG: Netanyahu told Trump that Israel does not consider itself bound by the Lebanon-related part of the proposed U.S.–Iran agreement.

According to Israeli sources, Israel plans to keep troops in Lebanon, continue operations against Hezbollah, and respond to attacks as needed.

Source: Maariv

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LINK

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Iran’s deputy foreign minister says that the 60 day nuclear negotiation period will start after the US releases frozen Iranian funds.

Additionally, Iran will see sanctions relief if a final agreement is reached, and the two sides will negotiate Iran’s economic redevelopment.

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LINK

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The Strait of Hormuz will be legally run in cooperation between Iran and Oman, according to Iranian state media

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LINK

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When Trump completes this deal. He didn't get where he is because he is some fool.

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Iran is saying this is the deal this morning (which looks like the same deal that was suggested twoish weeks ago if I'm not mistaken

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Iran's state-run Mehr News Agency claims that these are the details of the emerging agreement between the US and Iran:

1. Ending the war "on all fronts", including Lebanon

2. The US committing to "non-interference in Iran's internal affairs"

3. US naval blockade lifted within 30 days

4. US commited to withdraw it's military forces stationed around Iran

5. Reopening the Strait of Hormuz within 30 days under "Iranian arrangements"

6. Ending sanctions on Iranian oil export

7. The US and its allies commiting to a reconstruction plan for Iran worth at least 300 billion dollars

8. A 60-day period to discuss the nuclear issue with the lifting of all US and UN sanctions + IAEA resolutions

9. Iran's commitment to not build nuclear weapons under the NPT treaty

10. US will not send more forces to the middle east or add sanctions during the talks

11. The release of 24 billion dollars of Iran's frozen assets. Half of it must be released before the 60-day negotiation period.

12. Establishing a supervisory mechanism to oversee the agreement + agreement approved by the UNSC

IRAN SAYS:

- Missile program will not be discussed
- Support for proxies will not be discussed

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And

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Iran says the memorandum with the U.S. contains no nuclear agreement. Nuclear negotiations will take place within a 60-day window after signing. Tehran made no commitment on transferring management of the Strait of Hormuz, saying the strait's future will be resolved as a regional matter between Iran and Oman. Iranian Foreign Ministry says a framework text is close to being finalized. - IRNA

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this reminds me to put in the bylaws that anyone who kills me is no longer a trustee!

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This is the issue I see, given our justice system he legally hasn't killed his parents yet because he hasn't been convicted. So make sure you add something about being actively investagated for your murder.

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You don't have a problem with the government telling you how you have to sell something you own?

If I want to sell my house to a friend or neighbor I should be able to do so and no one else needs to be involved. frick the government.

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And what in this law would stop you from doing that? You just have to put it up on zillow at $20M for a few days and you comply. Is it stupid, yep. Is it something that's actually going to change anything, nope.

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but not have to get it ready for the general public, who comes in and does all kind of wild shite.

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Why would they have to show it at all? Just because your house is listed doesn't mean you have to allow showings (at least as far as I am aware).