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Old 12-15-2018, 08:04 AM
 
206 posts, read 75,526 times
Reputation: 959

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I'm still working but at some point the job will end. I am saving as much as I can right now. Our company had a pension, but that was done away with some time ago. They put all the younger workers into a 401k. I was able to stay in the pension due to my age. It will provide a small monthly income, and with SS I think I can get by. But my nightmare is having to go out and work at an old age. No matter what people say about social aspects, they like their job, etc., I don't believe the majority feel that way. The older people I see in fast food places or at wal mart do not look happy to be there. I have walked into wal-mart and the greeter has an oxygen tank hooked up. Old folks at fast food have to deal with pain in the butt customers and punk bosses. No thanks. When I retire, I want that to be the end of my working life.
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Old 12-15-2018, 08:05 AM
 
71,700 posts, read 71,801,099 times
Reputation: 49273
Quote:
Originally Posted by jasperhobbs View Post
Yes, I keep wanting to pump some money into the market. If only I knew when this slide will bottom out. Time to call the psychic hotline or talk to that poster with the bad back that is carrying all the gold and silver in a knapsack that is prepared for the Mad Max apocalypse to happen.


i have a rebalancing coming up where i need to buy about 125k in equities to get back to my allocation level .

whether we are up or down i always rebalance on that date .
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Old 12-15-2018, 08:06 AM
 
2,446 posts, read 2,073,760 times
Reputation: 5701
Quote:
Originally Posted by mathjak107 View Post
i have a rebalancing coming up where i need to buy about 125k in equities to get back to my allocation level .

whether we are up or down i always rebalance on that date .
How do you know when to rebalance and how often? I am fuzzy on that aspect of investing.
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Old 12-15-2018, 08:17 AM
 
71,700 posts, read 71,801,099 times
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i do it once a year or when assets are more than 15% out of whack ..

i maintain about 50/50 and equities have fallen since the high in to the low 40% range . it is not good to do it to often . i have to raise cash to live on yearly so last week in dec we set everything for the year . so we put the years money in to cash instruments less social security , pension , me working , etc and get the portfolio's back to the levels we start at .
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Old 12-15-2018, 08:24 AM
 
71,700 posts, read 71,801,099 times
Reputation: 49273
Quote:
Originally Posted by jasperhobbs View Post
How do you know when to rebalance and how often? I am fuzzy on that aspect of investing.
are you 100% equities ? in that case unless you own multiple funds and want a certain starting allocation to large caps , mid and small caps there is nothing to rebalance.

rebalancing is generally between equities , bonds , cash instruments and commodities if any .
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Old 12-15-2018, 08:27 AM
 
2,446 posts, read 2,073,760 times
Reputation: 5701
Quote:
Originally Posted by mathjak107 View Post
are you 100% equities ? in that case unless you own multiple funds and want a certain starting allocation to large caps , mid and small caps there is nothing to rebalance.

rebalancing is generally between equities , bonds , cash instruments and commodities if any .
Not 100% equities as I am 57 years old and have some in more conservative investments. I would say 70/30 stocks/bonds ratio. Probably should be 100% equities but as you always say the pucker factor comes into play.
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Old 12-15-2018, 08:28 AM
 
29,784 posts, read 34,880,403 times
Reputation: 11710
Quote:
Originally Posted by mathjak107 View Post
my old housing projects buddies are the same . they lived "stupidly" . i pleaded with them back in the 1970's to go to the trade school i signed up for . nope , they rather hang out and work low end jobs . it required no effort on their part . today they are raising their own families in the same projects and complaining about the bad deal life dealt them ...
https://www.google.com/search?q=bill...4GAHYB-biNAAAA

Yeah but they were keeping the faith!
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Old 12-15-2018, 09:52 AM
 
1,289 posts, read 293,456 times
Reputation: 1536
Quote:
Originally Posted by Travelassie View Post
Does that mean they still get a partial pension, based on their years of service? As someone else mentioned, at 29 yrs with their companies they would have been long vested in each company's retirement systems.

There is always more to these stories than the publications would have the readers know.
There are many iterations of Mr Coomer's story across the internet. Some of them state that Coomer receives a partial pension, a fact that many of the bigger news outlets conveniently left out. Now why would they omit that information?

Perhaps they want you to see their painting in a certain aspect, a certain light. They want to advance the idea that corporations and capitalism itself are greedy and self-serving. But if you dig deeper into the situation, you might find that McDonald-Douglass did right by their workers by offering buyouts, transfers, and making good on pro-rated pensions. But that just doesn't make for a good story especially when you are working feverishly to sell socialism to a population.

I still feel bad for Mr Coomer. But what we don't know what we don't know and we have no idea what he was offered or accepted in the 60 days following notification. And a biased media is not inclined to provide any information that would change your view and scuttle their agenda.
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Old 12-15-2018, 09:56 AM
 
6,294 posts, read 4,740,348 times
Reputation: 12902
Quote:
Originally Posted by TuborgP View Post
https://www.google.com/search?q=bill...4GAHYB-biNAAAA

Yeah but they were keeping the faith!
Fun video! Unfortunately keeping the faith implies some sort of decision and intent. Instead many people seem to just seem to drift through life without thought or intent.
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Old 12-15-2018, 11:01 AM
 
Location: SoCal
13,252 posts, read 6,345,210 times
Reputation: 9873
Quote:
Originally Posted by ncguy50 View Post
There are many iterations of Mr Coomer's story across the internet. Some of them state that Coomer receives a partial pension, a fact that many of the bigger news outlets conveniently left out. Now why would they omit that information?

Perhaps they want you to see their painting in a certain aspect, a certain light. They want to advance the idea that corporations and capitalism itself are greedy and self-serving. But if you dig deeper into the situation, you might find that McDonald-Douglass did right by their workers by offering buyouts, transfers, and making good on pro-rated pensions. But that just doesn't make for a good story especially when you are working feverishly to sell socialism to a population.

I still feel bad for Mr Coomer. But what we don't know what we don't know and we have no idea what he was offered or accepted in the 60 days following notification. And a biased media is not inclined to provide any information that would change your view and scuttle their agenda.
This I think is mostly likely the reason.

I stayed at one company early on because it had a very good pension, but I left it just a few months shy of being vested for a high salary. I was greedy for the higher salary. But had I stayed until that pension was vested, I would end up with just $100-$200 today. My salary was held low to pay for that pension. And no, I wasn’t making low salary, I was making a salary of a 40 year old while I was only in my 20s, if anything my salary was off the chart for somebody with my years of experience. But the startup offered me more than 20% increase and the job made a difference in my career over the long term.
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