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| Favorite team: | McNeese State  |
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| Number of Posts: | 345 |
| Registered on: | 7/14/2021 |
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re: First time in Europe - things that may surprise the OT
Posted by Bdiddy on 9/25/26 at 7:33 pm to Ramblin Wreck
Thank you. None of us rubes will ever get to go, so I only know about Rome from watching Kirk Douglas films.
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re: 45 Years of age, at what level would you stop saving for retirement?
Posted by Bdiddy on 9/17/26 at 10:12 pm to Paul Allen
I agree that obsolescence can occur at any age. I just meant that he is pretty young. I'm pretty sure that at 66, I am obsolete, but my clients are too old to realize it.
I think that you may not have to save aggressively, and could spend more, but I would not stop saving. At the age of 45, a lot can change. Maybe your work skills could become obsolete or less in-demand. Your health could change and you could become disabled, or work could become burdensome. I don't know if you mentioned your family, but perhaps you have a child or grandchild who has health problems, or has a business failure and needs financial assistance. It would be a helpless feeling to not be able to help out. I am 66, and could have retired years ago. I still save, but I am able to give more to charity, and I try to spend a little more. When you are my age, it's kind of hard to ramp up spending, especially in that it does not bring me a lot of additional satisfaction. Occasionally picking up the check for my friends at our lowbrow restaurant choices is a nice change.
College football was my most anticipated sport, but now that it's been converted to professional football, I don't care very much.
re: “I’m a workaholic”
Posted by Bdiddy on 9/10/26 at 7:33 am to questionable
There's no such thing as workahol, or chocohol, so by their word choice, you already know enough about them to take a pass.
re: In All Seriousness, How Do We Let The President and AD Know To Stand Their Ground?
Posted by Bdiddy on 9/9/26 at 8:43 am to Giantkiller
quote:
I’m making a $100 donation to LSU Athletics and in the memo field, I’m writing “We’d rather be independent than remain in this conference.”
Wow. There's the shot across the bow that was needed. Now you have everyone's attention.
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some things are more important than money
I agree and I am glad to see that LSU is not being swayed by money, and is a home for four-year students who are loyal to LSU, and are academic strivers. Integrity must be preserved in ameteur athletics, and LSU is at the forefront.
re: Death at Plaza Tower
Posted by Bdiddy on 8/16/26 at 10:01 pm to CartmansMom
I worked in that building in the mid to late 80s. Jekyll & Hyde's restaurant and bar were on the first floor. There was slime oozing from the walls of our office, supposedly a combination of black mold and asbestos insulation. We had valet parking because the garage was too tight to allow people to drive their own cars. Morris Bart's office was there. I remember waiting with him for our cars to be delivered. We sometimes called it the the antenna farm as MCI, Sprint, and AT&T as well as radio stations all utilized the building's roof, which was the tallest building in N.O. for a while.
There is a pretty good chance that his adult children reported her in order to save their inheritance.
re: Are you a little bit suspicious about the timing of Platner’s ex girlfriends accusation
Posted by Bdiddy on 7/9/26 at 8:18 am to tigerdude12
quote:
For months, a 2024 Facebook post cautioning women against dating Platner, the Democratic nominee for the Senate in Maine, had been circulating among the political class in the state and in Washington, D.C. The post was written by one of Platner’s former romantic partners, and her name was attached.
The post was from Racicot, and the article was today's WSJ, but how can one expect the Democrats to monitor an obscure, impossible to find source such as Facebook? Most people don't even know it exists. I have to believe that Elizabeth Warren was shocked to learn of the latest accusation.
Remember the Titans
Hoosiers
Goodfellas, of course.
The Shawshank Redemption
Hoosiers
Goodfellas, of course.
The Shawshank Redemption
quote:
How much did you put into the annuity and at what age did you annuitize?
I funded them over time as they were deferred and allowed contributions, including the QLAC.
To get a rate of return, which may be what you are looking for, I would have to find the dates of deposits and amounts. Sorry I don't have that handy.
One thing I did before each contribution including the initial was to run a rate of return on each one. I don't have those numbers anymore. For example, if I were to put $100K into an immediate income annuity today, I would find the income and calculate what rate of return I would earn if I (joint life in my case, so one of us) lived to 85, 90, 93, etc.
The returns are not spectacular. From my memory, I believe that at life expectancy, it was comparable to a safe (no consensus on what that is) bond, but with a slightly better tax outcome as a portion of each payment is principal. If we lived a few years less than LE, the rate of return was anemic, and if we lived a few more, it was considerably better than bonds.
I think the biggest downside is not living near LE, but even then, I feel that it helps my quality of life by knowing that I won't run out of money. I am not going to lose sleep worrying about a poor return on a small portion of assets. That may bother someone else, so good point made earlier re: "personal finance". We have life insurance that will make up for any poor result, which I think is a good hedge. Don't live long, annuity is not great and life insurance is a big win. Live a long time and the rate of return on the life isn't as great, but they annuity is more valuable.
Again, it's for a portion of my money, just under 15%, and it's not life-changing. Also, if something happens to me, the only amount that my wife is going to feel good about spending is annuities, pension, and SS, regardless of how much she can safely withdraw, and for that reason, I probably will purchase a couple of longer term fixed period annuities. I think I have enough in things that have a mortality component. Having a wife that won't spend money does not seem to be a concern for most.
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I will never understand why someone would lock themselves into this type of instrument especially given how likely it is that we will inflate away the value of our money. You need to be hedged against inflation, not buy something that will ensure that you get screwed over time.
I have locked myself into this type of instrument, and I am 66. We receive approximately $32K per year in income annuity payments, and will begin receiving an additional payment of approximately $40K per year when we are 80 (QLAC). "Approximately as some of them have a dividend component along with a guarantee. These are funds that would have been in bonds, although I still have a healthy allocation to bonds.
I own equities for inflation, and won't need to touch a stock until I am over age 80. If equities do poorly, I'll have enough money anyway. If they do well, then I'll have much more than I need. I don't want to rely on equities doing well to live the life that I have planned. I view the income annuities as an alternative to bonds. There is nothing about them that resemble a stock, so I would not have money that would otherwise go to equities in the annuities.
For people at or very near retirement, it's probably a good idea to have some money in safe assets, and a portion of safe money could be allocated to annuities. If your health is poor, annuities probably are not a great idea. I also realize that if make it to be a very old man, I may not have an interest (or ability) in managing all of my assets, so I am fine with outsourcing some of that. Plus, if I become widowed and my new online girlfriend is actually a Nigerian man, I can't send them my future annuity payments.
I also know people who are miserable owning stocks, so maybe everyone's plan should reflect their own risk tolerance, needs, etc.
re: Ralph & Kacoo’s in Lufkin, TX on a random Thursday
Posted by Bdiddy on 5/8/26 at 8:11 am to Clyde Tipton
I'm glad that you finally got to go out and that you enjoyed it.
re: 10% of vets were actively engaged in combat 28% receiver PTSD disability???
Posted by Bdiddy on 4/15/26 at 11:24 am to trinidadtiger
My uncle was overseas during WWII, but never in combat. He received a check for hemorrhoids from WWII until his death. Golden hemorrhoids.
Every time I plant a seed, He said kill it before it grow
If I were younger, I would probably put the stocks/etfs/funds with the highest expected return in a Roth. I'm at what is often considered traditional retirement age, so I keep bonds and other tax-inefficient assets in qualified accounts, and tax efficient stock strategies in non-qualified accounts. Since I continue to work, I don't want assets being taxed at ordinary income tax rates.
re: My company is being sold to KKR.. odds that layoffs are coming?
Posted by Bdiddy on 3/30/26 at 10:30 pm to SaintTiger80
Blue Horseshoe loves Blue Star.
I liked his early music before he became so sanctimonious. Before his cover of "War", he would say "blind faith in your leaders, or in anything, will get you killed." I agreed. Then, he decided to blindly follow leftist politicians, refusing to find any fault, thus became exactly the person about whom we were warned. A pig, hosting a party for the farmers.
quote:
You can say its a mutual fund, but they are a more concentrated one. An ETF may have 50 stocks while a mutual fund may have 500. Its a little more interesting.
quote:
ETF's are more safe but to me they are boring. Not that it is a bad thing. I have them along with individual stock.
There are high conviction mutual funds and the Vanguard Total World Stock ETF has 3,500 stocks. There are leveraged or inverse ETFs, which hardly qualify as boring. Your post makes no sense.
re: Albany Mayor Dorrcey Applyrs to reporter on how she is going to fix the city debt.
Posted by Bdiddy on 3/23/26 at 7:41 am to BoomerandSooner
Look under the hood, open the cabinet, get into the weeds are all fine, but more cliches serve to make one look more intelligent. Could have added lots to unback, deep dive, see how the sausage is made and so many others.
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