marketinsider 2 weeks, 6 days ago on Letter - Recent developments aren’t for the best

First, I admit I was not clear in why I brought up taxes and health insurance costs. I will try and be more specific this time around.

Newinww's first sentence in this string was, "Who knew the right wing was made up of such whiners."

Many times when someone has a legitimate complaint the easy way out is for someone to label the person a whiner. Just forget what the person said and ignore the person because they are just whining over nothing.

I promised to be specific so hear goes.

Newinww always talks about fairness, for example the ACA.

I was trying to point out that I pay $500 a month for my health insurance thanks to the so-called ACA when my neighbor who could be my twin brother pays nothing. And that most of the people who are all for the ACA are the ones who were not effected or those who paid less.

What's fair about me paying $500 a month and my neighbor who's basically my twin paying nothing?

As far as why a specifically asked about Newinww taxes and health insurance costs are because I strongly believe she's in the camp that the ACA helped, not hurt. And I yield to the fact that just maybe she is paying more for her health insurance than before ACA like me. More power to her. Personally, I'm going to continue to whine about having to pay more when my twin brother pays nothing.

The ACA is anything, but fair.

To be on the safe side I will use myself as an example. From 18-58 I had good health insurance for the entire span and it cost me pennies over that 40 year period. I'm confident when young adults finally figure out what they are going to have to pay, as a group, compared to what I had to pay, they are going to be very pist off to say the least.

Why? Because is it fair that I had to pay pennies over my adult working life and now the young are going to pay thousands if not tens of thousands. Furthermore, that some of them will be paying much more so their twins can pay less or even nothing at all.

I have learned that I should not ask personal questions, not because they are not valid, but because anyone can claim anything, the truth is irrelevant on these forums.

Oh, since this is such a long post, I most likely made numerous typos, which I know, makes my comments meaningless.

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marketinsider 3 weeks ago on Letter - Recent developments aren’t for the best

Newinww you pay substantially more than $10k in taxes. I don't believe it unless of course you have a real good government job, that I would believe.

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marketinsider 3 weeks ago on Letter - Recent developments aren’t for the best

Whiners?

Like newinww, I'm retired (6 years). I still pay over $10,000 a year in taxes. I pay my bills from investment income and savings. I pay $500 a month for health insurance (private ins) and I have a $1500 deductible of which I've slightly surpassed just twice in my 60 years.

How about it newinww. How much do you pay in taxes? How do you pay your bills? How much do you pay for health insurance?

Obviously, newinww will not answer my questions.

Whiners?

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marketinsider 3 weeks, 1 day ago on Letter - Recent developments aren’t for the best

Mike, don't forget about our so-called relationship with communist China. Our stock market was up today due mainly to the fact that for now, it seems China has temporarily haulted its stock market collapse by government intervention: they have forced brokers to not allow trading in 70% of its market and forced brokers to buy stocks they pick.

People can talk about how we have been here before, they probably live off the government and not their investments.

Never in the history of the United States have investors here in the U.S. gave a shit about what was going on in the stock market of a communistic country like they do now.

Personally, I don't like it one bit that communistic China has so much power over our stock market.

I wish the young people luck with their investments, they're going to need it.

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marketinsider 6 months, 1 week ago on Letter - Walla Walla School District wireless network complete

I'm not sure what you're getting at? You obviously don't like my opinions, and like you said I can't even spell. Why not just ignore my comments? Also, this string was basically over until you brought it up again.

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marketinsider 6 months, 1 week ago on Letter - Voting is a right and responsibility

Granted, with a Roth you may be able to not count withdraws as taxable imcome, but Roth IRAs are not "free" you still pay taxes upfront, and depending on the investment return over the lifetime of the account you could actually lose more money by paying the taxes upfront.

This is why I say retirement planning is as unique as a person's personality. That said, knowledge on the subject is extreemly important.

As time goes on the government will need to milk more and more money from the middle-class. One way to loot them is going to be through their retirement accounts since most middle-class people don't have a lot of financial assets outside of their retirement accounts.

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marketinsider 6 months, 1 week ago on Letter - Voting is a right and responsibility

Okay someone saves one million dollars and is 65. I yield to the fact someone may say to themselves "I'm going to live to be a hundred," and takes out $28,000 a year. But wonder they think maybe they'll only live to be 80 and they decide to take out $67,000 a year. They're screwed and won't get the exemption.

Then there's the issue of what you make with the $1,000,000 while you are retired? Wonder you are making a good return and you are actually adding to your next egg in retirement. So maybe you want to withdraw even more money. Screwed again.

And I realize making money with your money especially in a so-called risk free account is very hard with banks paying 0 interest. And I know you may make more money in stocks, but is it worth the risk?

Another issue: some savers/investors may want to pass money on to someone, but many people may also want to spend all their savings before they die. Die broke. For those people they need to understand that they can lose other "means tested" benefits if they draw out too much and may not be able to spend all their money before passing on.

And then there's the issue: someone may have additional pension money on top of Social Security, meaning the person may not be able to withdraw much from their personal savings depending on how much they will get from other sources of income.

Bottom line there are numerous individual possibilities, but the one sure thing is that saving extra money for retirement isn't a win, win situation like it was for the Greatest Generation who did not have to plan for so much "means testing" in retirement.

Granted, most baby boomers are not knowledgeable on what "means testing" even is, but I'm sure they will learn about it rapidly when they actually retire.

One final point. I already have heard someone get burned with Obamacare since it is a "means tested" program.

The first year the 56 year old retiree got cheap insurance. The retiree decided in 2014 that they wanted to go on a luxury cruise, they earned it, they made sacrifices when they were young, and took out an additional $30,000. Unfortunately, this year they have to pay an extra $800 a month for health insurance because their income was too high to get the lower cost insurance. And the withdraw they made that pushed them over the limit could just as easily been for an emergency, meaning they would not of even had a choice.

"Means testing" another government invention that screws responsible citizens.

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marketinsider 6 months, 1 week ago on Editorial: Plan to rebuild Memorial Pool is excellent

The editorial says, "Even with fees, the city government — taxpayers — will likely have to add $100,000 a year to subsidize the operation of the facility."

Then asks the question, "Isn’t that exactly why we have government?"

No that's not exactly why we have government. The government's job is not to provide luxuries. Government's job is to provide essential services that are not practical for the private sector to handle.

Readers can decide, is it the government's job to provide a luxury like a $5 million pool with additional costs of $100,000 per year?

The editorial goes on, "We need government to provide police and fire services, pick up trash and maintain public parks."

Two of the editorial's examples are lousy examples.

Yes, we need government to provide police and fire. But, to pick up trash and maintain public parks, you're kidding, right?

For the first two years in my new home a private company handled my garbage pickup. The city decided a couple of years ago they were going to start doing it, even though I was completely satisfied with the private company, I was forced to use the city's services. So no, I did not need the government to pick up my trash.

There are at least 20 private landscaping services in Walla Walla that could maintain our public parks and it wouldn't cost the taxpayers as much.

Again, readers can decide. The only people who can pick up the trash and maintain parks is the government? There's no private waste management in the area? There are no private landscapers in WW who could do the job and are willing to do the job at a reduced cost to taxpayers?

It won't be long before someone is going to claim that we need government to take care of business after going to the restroom.

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marketinsider 6 months, 1 week ago on Letter - Voting is a right and responsibility

You learn something new everyday. "The Walla Walla County Assessor’s Office advises that if you are receiving a Senior Citizen’s Real Estate Tax Exemption, the pool levy will not impact your taxes." So there's a senior citizens real estate tax exception? No doubt it's based on income.

Anyone who is young should take some advice from grown ups: Don't save anything for retirement, splurge, spend money while you're young, live it up.

Oh, but what about money for retirement?

Simple, live off the government. If you have no savings at retirement you will not have to pay property taxes, you'll get free health care with no premiums, food stamps, supplemental security income on top of Social Security. You won't have to worry about paying any new taxes for new bonds that the government comes up with. What a deal.

I'm not suggesting you will live like a king, but you may as well live it up while you are young, don't make any sacrifices, and the worst that can happen 50 years later is you get the government to pay all your bills.

The title of this editorial is "voting is a right and responsibility." This country doesn't have a clue anymore on what the word responsible means. This country continues to propagate punishing those who are responsible citizens and rewarding those who aren't.

For anyone out there who does live off the government, more and more people are getting on your bandwagon. If you want to keep getting all that free money, maybe you should vote no. You may have a vested interest in slowing government growth down so you can keep those free checks coming in longer. Do you really want to give up some of your free money to someone else in the future?

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marketinsider 6 months, 1 week ago on Editorial: Obama’s plan for free college isn’t really free

None

Obama needs to produce good paying, full-time jobs with good benefits for his so-called free college plan. I'm simply saying what's a college education without a good job.

ColiChi, I stand corrected, now I see why you highly recommend a college education with regards to Obama's progressive education plan, I get it now➡️

Sorry about the delay, like you said I'm old...my friend.

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