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Author: MichaelRead Big gold star, 5000 posts Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19222  
Subject: Re: In danger of running out of money? Date: 7/28/2010 10:18 PM
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I can't help but wonder why you are talking to them. Did they capture you and are holding you hostage? Does your telephone not have a "hang up" feature?

We have a family trust, which we control. It's mainly to avoid California probate, which can take a sizeable chunk of an estate. We also have a small annuity, which we control, from which we derive a small monthly income.

Count Uptoten


Cliff, we have substantial holdings in an investment fund that some others are eying as a mother lode ripe to pillage and can be done by treating the owners of that fund as doddering old farts just off the turnip truck not observing it was us who chose the fund that is now somewhat large.

It’s as if they’re circling vultures and we’re crawling across the desert seeking water. The insurance company wants us to collapse the large fund into a package they say will preserve capital yet does so by limiting withdrawals; the bank by having, essentially, a tribunal managing how, where, and what we spend. Meanwhile, the fund we are invested in has a steady return and, importantly, recovered what was lost in the debacle of March 09.

But what galls is the attitude that, having grey hair and a few wrinkles, we need their counseling and that based on we’re old. It horrifies them I, at 72, run a boating company and its attendant costs. I should be ‘retired’ and by that meaning I dodder. For those that don’t know what dodder means: never ever again risk anything and live to an austerity commensurate with being old. Fap!

Tomorrow I could wake up dead and, that happening, I’d be right pissed off I didn’t enjoy today.

MichaelR
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