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I'm curious, ok, nosey. Are you able to direct where your 401K deposits go? My spouse had a 401K years ago during the S&L crisis, and it lost a majority of it's value, and her administrator was doing the directing of her funds, without her having a say so.
I got two 401K's. One is with TRowe Price and I can move my around in different funds. The other is with Merril Lynch where I can do the same. In both you have wide choices of where your money goes. Anywhere from high risk stock funds to safe money market instruments.
Whehn you look at the non-participation rate that is not surprising. Its hard to save when you don't work.
It's hard to save when you're earning minimum wage and paying half your income on rent. (According to Mortgage News Daily, half of all low-income renters spend at least half their income on housing.)
I got two 401K's. One is with TRowe Price and I can move my around in different funds. The other is with Merril Lynch where I can do the same. In both you have wide choices of where your money goes. Anywhere from high risk stock funds to safe money market instruments.
I don't have any of those either. Am I on a roll or what?
It depends I think on what else is going on--- some people might not have $500 or more in a quickly accessible bank account or cash sitting around but they don't need it. They may have several 401K plans and could borrow against one if they needed to and have plenty of credit available.
Savings accounts don't get much interest and are too easily tapped into so you could leave yourself just enough to make the bills and pay off credit cards but the rest goes into a retirement plan or other long term savings.
It would matter more how many are just living pay check to pay check with no kind of savings at all. I don't really worry too much about a savings account. I might have more than that extra in a checking account that I don't plan to use.
Didn't take long but blacks and Hispanics aren't even 40% of the population and Obama has no effect on helping minorities get hired and alot of older whites with unfavorable opinions of minorities are actually the ones who do the hiring...
pretty simple to do the math... since Obama got into office, it's more blacks in college but a higher rate of unemployment lol
Actually, costs of operating rental property appear to not have a great deal to do with rent levels. The first obvious example of this was California after the homeowner-majority voters passed Proposition 13, rolling back and capping property assessments. Since property taxes were cut an average of 57 percent, your theory suggests rents should have fallen, but they kept going up, with local rent controls popping up in response.
Indeed, for about the past five years, landlords have reduced their mortgage costs billions of dollars by refinancing at falling interest rates, and you guessed it, rents kept going up.
As for property taxes, if you think they are out of control for homeowners, they are actually worse for landlords, because rental property is taxed at higher rates than owner-occupied homes in many states - and the homeowners who complain about THEIR property taxes being out of control are usually happy to stick it to rental properties.
Income Property is based on Income or return on investment.
34 years ago, Prop 13 passed because it was supported by many... not enough voting homeowners to do it alone.
Since Prop 13 passed, my city has added another 60% on top of the State 1%... Rental Property is subject to a Gross Receipts Tax and Rent Control... the sewer and water rates for rentals has gone from insignificant to a major expenditure... each unit pays a sewer rate... no matter if it is a studio or 5 bedrooms...
When Prop 13 passed my grade school teacher and my uncle received rent reductions...
Many landlords owned property that was not eligible for the rates or terms offered homeowners...
Why would they favor Obama when he has presided over an increase of the wealth gap?
Quote:
Originally Posted by jwiley
So races of people that have had their percentage of wealth drop a higher percentage then anybody is going to support the person presiding over the country during that drop?
I had the same question. Apparently, they're incredibly easy to dupe. How else can you explain their willingness and eagerness to vote against their best interest?
I had the same question. Apparently, they're incredibly easy to dupe. How else can you explain their willingness and eagerness to vote against their best interest?
I don't think that's it. I think the explanation is that it's very easy to succumb to thinking of yourself as a victim. And it's not just the poor and nonwhites who do it. Look at all of the conservatives here who think of themselves as victims every minute of the day.
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