What kind of retirement plan do you guys have?

[brooks85]

I just wanted you to say it again so everyone could see how fukking stupid you are.



Hey guys, brooks says saving for retirement in tax advantaged accounts is a suckers game.



If any of you believe this, JJ is right. Seek advice elsewhere.

says the moron who is counting on the government to pay him... again this is why you're known as a joke.

That and you make bets you literally have 0% chance of winning. That is what happens when you try to talk economics, you fail.

[chico2663]

Global index universal life insurance through Transamerica. Anybody heard about that?

AS someone that received a pension from trans america. DON'T DO IT. A universal life insurance works like this. When you are young the insurance may cost you 200 a yr and your paying 700 a yr. They take out their fees so just say the fees are 20. So you are saving 480 in the fund. But the problem is when you get older and your still paying 700 but the fees are 1200. They take the difference out of your policy. After awhile the policy will self consume. Now if you have extra money to dump in it that is a different thing. They will show you usually at 8-12 % that they pay on the policy but they only guarantee 3.5. By the way if you decide to by this policy make sure they give you the prospectus. To be honest with u a life insurance policy isn't a good vehicle to save unless you have children. If you need life insurance I would take out a limited pay policy. maybe a 10 pay or 20 pay but I 'm not a fan of universal life unless your rich and have a shitload of money you can dump in it.

[grease lightnin]

says the moron who is counting on the government to pay him... again this is why you're known as a joke.

That and you make bets you literally have 0% chance of winning. That is what happens when you try to talk economics, you fail.

I fail?

I made 10x the money you made this year doing that very thing.

Good luck on GE you fukking brain dead wannabe idiot.

[grease lightnin]

AS someone that received a pension from trans america. DON'T DO IT. A universal life insurance works like this. When you are young the insurance may cost you 200 a yr and your paying 700 a yr. They take out their fees so just say the fees are 20. So you are saving 480 in the fund. But the problem is when you get older and your still paying 700 but the fees are 1200. They take the difference out of your policy. After awhile the policy will self consume. Now if you have extra money to dump in it that is a different thing. They will show you usually at 8-12 % that they pay on the policy but they only guarantee 3.5. By the way if you decide to by this policy make sure they give you the prospectus. To be honest with u a life insurance policy isn't a good vehicle to save unless you have children. If you need life insurance I would take out a limited pay policy. maybe a 10 pay or 20 pay but I 'm not a fan of universal life unless your rich and have a shitload of money you can dump in it.

Ya gotta max non-mec that biatch.

Roth with a free physical!!!

Amirite, Chico?

[chico2663]

Professional

Guys don’t get it.
I am
Not a tout
But I go pro with retirement that is complicated.
That is no brainer
You want to work when your 60?

shute make sure you have a long term disability policy. I had a stroke 4 years ago. I get 2600 tax free a month. Just waiting til I get 59.5 before I can get into my retirement without paying that 10 % penalty. I was told I could get into now but would rather wait

[brooks85]

I fail?

I made 10x the money you made this year doing that very thing.

Good luck on GE you fukking brain dead wannabe idiot.

no you didn't lol

no chance in hell you did in fact haha I made your salary on one play this year and it was documented on this forum lol you clown
Notice the trend the more you post the deeper your hole gets.

[chico2663]

Ya gotta max non-mec that biatch.

Roth with a free physical!!!

Amirite, Chico?

When i started my s.e.p. there was no such thing as a roth. I refuse to pay the extra money but if I was younger I prolly would. I just think that they are going to change the law. People say they can't do it. Well they double tax people when they die. Now it is up to 5.5 million but it used to be a million a year ago.

[Shute]

shute make sure you have a long term disability policy. I had a stroke 4 years ago. I get 2600 tax free a month. Just waiting til I get 59.5 before I can get into my retirement without paying that 10 % penalty. I was told I could get into now but would rather wait

Yes
I understand
However fortunately
No disability insurance
Insurance game is a gamble in itself
Just go to church
Pray
Not for anything but for society
Hate
Insurance
Hate
Lawyers
Hate
Government
Just lucky to get out at right time

[grease lightnin]

no you didn't lol

no chance in hell you did in fact haha

and best part is I have record of some my big winners and you have nothing. Notice the trend the more you post the deeper your hole gets.

I have my fukking paystub

You have record of your big wins? Why because you posted it here? Yeah, that’s a record everyone believes. Gimme a break

You also recorded that you shovel pig shit.

Unreal.

[grease lightnin]

When i started my s.e.p. there was no such thing as a roth. I refuse to pay the extra money but if I was younger I prolly would. I just think that they are going to change the law. People say they can't do it. Well they double tax people when they die. Now it is up to 5.5 million but it used to be a million a year ago.

Chico when I said “max non-mec” I was referring to the maximum amount you can put in a life policy without making it a modified endowment contract.

Roth with a free physical is a cash value life insurance joke. Get it?


If you saw what I posted earlier—I think permanent life insurance makes sense when trying to offset estate tax liability


If they change the law on Roth’s, they will not tax money already in accounts.

[brooks85]

I have my fukking paystub

You have record of your big wins? Why because you posted it here? Yeah, that’s a record everyone believes. Gimme a break

You also recorded that you shovel pig shit.

Unreal.

yeah from SALES.... lol


again, I made your salary on one play this year. $HMNY kid, you should learn when you're speaking to your superior. While you're busy following talking heads on TV, I'm actually finding winners you have never even heard of. You're an amateur but you pretend to know what you're talking about is the problem.

[marcoloco]

Plan A - Cle Browns winning it all, parlayed with Tails coin flip in the big game
Plan B - Lottery

[grease lightnin]

yeah from SALES.... lol


again, I made your salary on one play this year. $HMNY kid, you should learn when you're speaking to your superior. While you're busy following talking heads on TV, I'm actually finding winners you have never even heard of. You're an amateur but you pretend to know what you're talking about is the problem.

I don’t make a salary. Only commission. I am a professional.

Keep bragging on trades you never made, clown

[Shute]

Only thing for sure
Social security
Ain’t there in 20 years

[chico2663]

no you didn't lol

no chance in hell you did in fact haha I made your salary on one play this year and it was documented on this forum lol you clown
Notice the trend the more you post the deeper your hole gets.

i met immelt at his wife andrea high school anniversary. I was dating an older girl that was her classmate. What a douche. But one thing people don't realize is that they are trying to get into robotics. Lot of my friends retired from there. They were great in the 80's. I keep thinking about rebuying there stock. I passed there everyday on 75. I had a trucker lose his tire i75 s and it went over my caddy and killed a guy. Brooks didn't know if you know but lincoln heights is on the otherside of it. piles,spencerware and the isley brothers were from there. Also couple of the ohio players were from there. Just a fun fact.

[grease lightnin]

Brooks if you made even half the money I do, there is no way you would put up with the smell of pigs on your property.

[brooks85]

I don’t make a salary. Only commission. I am a professional.

Keep bragging om trades you never made, clown

that's the best you got huh?


Again, $HMNY


and you said I didn't know about GE lol

[chico2663]

Only thing for sure
Social security
Ain’t there in 20 years

would of been in reagan and every president after him didn't use it as a piggy bank. This tax cut is going to be horrible for middle class. Look for ryan and mcconnell use that to try to privatize it.

[brooks85]

Brooks if you made even half the money I do, there is no way you would put up with the smell of pigs on your property.

yes I can because how much money I'm saving and making compared to you because of it

bigger house, more land and lower taxes than you. Trends.

[hotcross]

yeah a couple guys here fired up

Retirement plan? Only the good die young!

Seriously the more you save starting at a young age, the better. While taking care of your physical health as a top prioriry.

I've attempted to retire 3 times in my life, all proved too early. Working now but it's not work to me because I enjoy it well enough...that is important to mental health if you can do that also.

[brooks85]

yes I can because how much money I'm saving and making compared to you because of it

bigger house, more land and lower taxes than you. Trends.

that's the difference between a winner and a loser like you grease. You move into the top 20th richest county in the entire nation, I move a mile outside the county line and save a fortune, make a fortune and the money I saved? Also, now working for me to make more.


winner mentality vs loser mentality


but you keep on counting on that IRA... lol

[grease lightnin]

that's the difference between a winner and a loser like you grease. You move into the top 20th earning income county in the entire nation, I move a mile outside the county line and save a fortune, make a fortune and the money I saved? Also, now working for me to make more.


winner mentality vs loser mentality


but you keep on counting on that IRA... lol

Whatever you say porky.

[grease lightnin]

Only thing for sure
Social security
Ain’t there in 20 years

Wrong

[brooks85]

^we already established that between you and I it is whatever I say when I suckered you into that brexit bet.


is it tough for you to know that animals rolling around in shit make me more than you do in a year?

[brooks85]

Wrong

lol there is that "hope" that I enjoy so much.

[brooks85]

Only thing for sure
Social security
Ain’t there in 20 years

20 years probably a little too soon but it's comical they have already acknowledged they can't pay and grease is counting on his IRA...

[chico2663]

[QUOTE=Shute;27393969]Only thing for sure
Social security
Ain’t there in 20 years[sorry double post

[Shute]

Social security is something that every employee has paid
If you were employed at one time then you paid into social security
Now let’s see
It will bankrupt in 10 years
But you paid yours
Hopefully WE can pay ours?

[grease lightnin]

20 years probably a little too soon but it's comical they have already acknowledged they can't pay and grease is counting on his IRA...

They can:

Raise the income limits to pay SS tax.

Raise the ages to receive, as they should with life expectancy increasing

Adjust the COLA

Raise Payroll Tax


There are many options and no politician wants to be the bag holder

It will be adjusted.

[chico2663]

all they would have to do is raise it 40,000.that is 2700 payer and 2700 company.

[JIBBBY]

Retirement - Work, save, invest.. Make that a goal and your mission in life..

Establish perfect credit and get a loan to buy a commercial property or even a residential apartment building after you make a huge down payment with your saved money.. Leverage and get a loan... If you are a retard and can't take the stress of managing tenants or fixing shiiit when it breaks then hire a management company to manage your new bought property and pay them 6% management fee..

Then you continue to work hard and try and pay off that bank loan that you got with that apartment building you bought.. Put all your rental income into that bank loan until you pay it off, don't skim off the top... In the end you will own the apartment building with no loan after 15 years or so if you try hard to pay it off.. You then will always receive those monthly rent checks from all your tenants and pocket it, hense you then can retire....

Retire happy and paid.. End of story... Just that simple... That's what I did..

Remember the stock market can always crash and your stocks can zero out even, can lose everything.. With Real Estate property that will always be there standing for you, people will always need a place to live... Last I checked God ain't making any more land so got get some while you're still young!!!

[thomorino]

Social security will be there, but it won't be government guaranteed for higher income people, it will be privatized for people making over 100k. The real issue is medicare, social security is fine if the government wants to secure it.

[The Kraken]

Roth, state pension, real estate, social security for beer money

[brooks85]

They can:

Raise the income limits to pay SS tax.

Raise the ages to receive, as they should with life expectancy increasing

Adjust the COLA

Raise Payroll Tax


There are many options and no politician wants to be the bag holder

It will be adjusted.

lol that's the funny part, I already factored all of this in. Of course they will raise taxes and twist that knob and flip this switch. It won't work in the end. The unfunded liabilities are too high.

The government is not going to pay you, you will be a bagholder. Open a history book for once and stop using your ill-informed opinion.

[grease lightnin]

lol that's the funny part, I already factored all of this in. Of course they will raise taxes and twist that knob and flip this switch. It won't work in the end. The unfunded liabilities are too high.

The government is not going to pay you, you will be a bagholder. Open a history book for once and stop using your ill-informed opinion.

Brooks you offer nothing but worthless conjecture.

Go play in traffic