LaxPower Back-Up Stick

Typical Lax Dad wrote: ↑Mon Oct 28, 2019 3:53 pm Some bad news about retirement savings: 401(k) balances increased very little in the last 10 years

In 2017, the average account balance was $103,900; the median was $26,300. The big difference between the median and the average is due to a small number of accounts that have really big balances. Average balances are more typical of long-tenured more affluent participants, while the median balance represents the typical participant. 2017 was a good year in the stock market — the average participant’s return was 18%, which explains the uptick in balances from 2016.

ABV 8.3% wrote: ↑Mon Oct 28, 2019 6:00 pm

Typical Lax Dad wrote: ↑Mon Oct 28, 2019 3:53 pm Some bad news about retirement savings: 401(k) balances increased very little in the last 10 years

In 2017, the average account balance was $103,900; the median was $26,300. The big difference between the median and the average is due to a small number of accounts that have really big balances. Average balances are more typical of long-tenured more affluent participants, while the median balance represents the typical participant. 2017 was a good year in the stock market — the average participant’s return was 18%, which explains the uptick in balances from 2016.

why do you think the rich are running to "renewables" and candy "edibles"...........especially the young that remember banksters and the go go 80's....o...wait....go go 2000's........what, the young (45 and below) aren't sexting it up with the "brokers" belovating blue star airlines, instead buying real estate, funky "stocks", etc. Remember, if 45 today, you were 34 in 2008. Might have lost ALL the earnings after FINALLY paying off student loans.

Hence the birth of the REAL tea party....not the one anderson cooper said it was. Man doesn't even swallow, his own words....why, what were U thinking?

cradleandshoot wrote: ↑Tue Oct 29, 2019 5:40 am https://www.cnsnews.com/article/washing ... et-records You have to love our government... they take more $$$$$$ in and spend it just as fast. Is this how the game is played? A Fan often says we don't pay enough in taxes. When these idiots will just tinkle it all away, what is the point? Tax and spend is just not a motto, it is reality in DC land.

jhu72 wrote: ↑Tue Oct 29, 2019 10:16 am Another broken promise. Its all Obama's fault.

Typical Lax Dad wrote: ↑Tue Oct 29, 2019 10:30 am

jhu72 wrote: ↑Tue Oct 29, 2019 10:16 am Another broken promise. Its all Obama's fault.

And Hillary’s

Peter Brown wrote: ↑Tue Oct 29, 2019 2:24 pm Going to be very difficult to beat Trump with this happening.

https://www.marketwatch.com/story/the-s ... =home-page

Going to be impossible to beat Trump if the Democrats nominate Elizabeth Warren, who promises to reverse the above link.

holmes435 wrote: ↑Tue Oct 29, 2019 2:55 pm

Peter Brown wrote: ↑Tue Oct 29, 2019 2:24 pm Going to be very difficult to beat Trump with this happening.

https://www.marketwatch.com/story/the-s ... =home-page

Going to be impossible to beat Trump if the Democrats nominate Elizabeth Warren, who promises to reverse the above link.

The Dow was at a record high around election day 2016.

What does "promises to reverse the above link" even mean? And where has Warren promised to head us into a recession? Please post sources.

holmes435 wrote: ↑Tue Oct 29, 2019 2:55 pm

Peter Brown wrote: ↑Tue Oct 29, 2019 2:24 pm Going to be very difficult to beat Trump with this happening.

https://www.marketwatch.com/story/the-s ... =home-page

Going to be impossible to beat Trump if the Democrats nominate Elizabeth Warren, who promises to reverse the above link.

The Dow was at a record high around election day 2016.

What does "promises to reverse the above link" even mean? And where has Warren promised to head us into a recession? Please post sources.

"WASHINGTON (Reuters) - The U.S. economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut interest rates again to keep the expansion on course.

The fading stimulus from last year's $1.5 trillion tax cut package and weakening growth overseas is also crimping the longest economic expansion on record, now in its 11th year.

The anticipated third-quarter growth pace would mark a further deceleration from the 3.1% rate logged in the first quarter, indicating the economy will again miss the White House's ambitious goal of 3.0% annual growth. Growth peaked in the second quarter of 2018, when it was jolted by the tax cuts and increased defense spending.

The economy grew 2.9% in 2018 and growth this year is expected to be below 2.5%. Economists estimate the speed at which the economy can grow over a long period without igniting inflation at between 1.7% and 2.0%.

Despite the lowest unemployment rate in nearly 50 years, which has buoyed spending, some economists are starting to question the resilience of the consumer after retail sales fell in September for the first time in seven months. Consumer confidence has been trending lower and wage growth is stalling.

"If consumer spending misses a beat in the fourth quarter, there is little other support for the economy to fall back on," said Scott Anderson, chief economist at Bank of the West in San Francisco.

Business investment likely contracted further after falling by the most in 3-1/2 years in the second quarter. In addition to trade tensions, which have weighed on capital expenditure, cheaper oil has undercut spending on oil and gas drilling.

The slower inventory build is also a factor in weak manufacturing production. Government spending is expected to have cooled after rising at its fastest pace in 10 years in the second quarter. Spending on homebuilding likely rebounded after contracting for six straight quarters."

Trinity wrote: ↑Wed Oct 30, 2019 8:34 am Third Q growth rate is 1.9 %. Ron Varo can’t explain it.

Warren proposes a financial transactions tax of 0.1 percent of the value of every stock, bond, or derivatives transaction. That raises $800 billion. Then she adds a “systemic risk fee” on financial institutions with more than $50 billion in assets. That’s another $100 billion.

Warren adds another $2.9 trillion in corporate taxes by ending accelerated cost recovery and imposing a 35 percent minimum tax on foreign earnings.

Prior to this plan, Warren’s wealth tax was 2 percent on assets over $50 million and 3 percent on assets over $1 billion. Sorry billionaires — now it’s 6 percent, which raises another $1 trillion. Warren also proposes taxing capital gains for the top 1 percent at the same rate as normal income, and doing so on an annual basis, rather than just when the sale is made. That raises $2 trillion.