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Retirees Filling the Front Line in Market Fears

By JOHN LELAND and LOUIS UCHITELLE
Published: September 22, 2008
Older Americans with investments are among the hardest hit by the turmoil in the financial markets and have the least opportunity to recover.

http://www.nytimes.com/2008/09/23/business/23retirees.html?r...

Number 1 on the Times' list of Nusiness section most emailed (#4 overall).
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No. of Recommendations: 1
"Retirees Filling the Front Line in Market Fears

By JOHN LELAND and LOUIS UCHITELLE
Published: September 22, 2008
Older Americans with investments are among the hardest hit by the turmoil in the financial markets and have the least opportunity to recover.

http://www.nytimes.com/2008/09/23/business/23retirees.html?r......

Number 1 on the Times' list of Nusiness section most emailed (#4 overall). "

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I was kind of surprised by this comment from the article:

"And people don’t have the luxury of being in bonds because they don’t yield enough for how long we live.””

People don’t buy bonds?
Maybe not exclusively bonds - but folks certainlly are encouraged to
include bonds as part of their porfolios.

Howie52
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Those in munis as part of the portfolio for retirement have been hearing some ominous rumblings the past few weeks and months re city/state finance difficulties due to lower revenue and the current market meltdowns possibly affecting them.
At this point, I'm not sure how much is rumor and how much is early warning.
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"Those in munis as part of the portfolio for retirement have been hearing some ominous rumblings the past few weeks and months re city/state finance difficulties due to lower revenue and the current market meltdowns possibly affecting them.
At this point, I'm not sure how much is rumor and how much is early warning. "

^^^^^^^^^^^^^^^^^^^^

Folks can check what happened when some localities went bankrupt -
Orange County in California is one place that comes to mind - but I don't recall what happened to their bonds.
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Those in munis as part of the portfolio for retirement have been hearing some ominous rumblings the past few weeks and months re city/state finance difficulties due to lower revenue and the current market meltdowns possibly affecting them.

At this point, I'm not sure how much is rumor and how much is early warning.



i would guess some serious early warning ..

but would depend on the state/local and individual bond.



=
.... ex Bond-lawyer
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"Those in munis as part of the portfolio for retirement have been hearing some ominous rumblings the past few weeks and months re city/state finance difficulties due to lower revenue and the current market meltdowns possibly affecting them.

At this point, I'm not sure how much is rumor and how much is early warning.


i would guess some serious early warning ..

but would depend on the state/local and individual bond.



=
.... ex Bond-lawyer "

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I'd imagine the folks who depend upon a state or local government
pension plan would be awfully nervous.
A lot of those plans were heavy on the types of banking arrangements
which have been dragging banks under - or so I read a few years
back.

Howie52
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Maybe I should re-phrase that last post.
Everybody who depends on anything is a little nervous.

Howie52
Future tends to be unpredictable at the best of times - and all times
are the best of times and the worst.
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Maybe I should re-phrase that last post.
Everybody who depends on anything is a little nervous.


absolutely.

.but varying degrees of reasonable for their panic.




=b

probably every thing less safe ..maybe slightly different ordering.
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<<Maybe I should re-phrase that last post.
Everybody who depends on anything is a little nervous.

Howie52
Future tends to be unpredictable at the best of times - and all times
are the best of times and the worst.

>>


Financial meltdowns are to be expected as the decades pass by. Good times are followed by bad times for a while--- depend on it. Bad times are followed by good times.

The issue of my 25 year history of investing in Washington Mutual stock is already resolved. The real issue is when to start picking up bargains with cash I've accumulated in recent years.

If you can't deal with those realities, don't invest in stocks.



Seattle Pioneer
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"
Financial meltdowns are to be expected as the decades pass by. Good times are followed by bad times for a while--- depend on it. Bad times are followed by good times."

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

It is only money.

Paper money at that.

And sometimes only virtual paper money.

Howie52
Monopoly or Chutes and Ladders?
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Financial meltdowns are to be expected as the decades pass by. Good times are followed by bad times for a while--- depend on it. Bad times are followed by good times."

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

It is only money.

Paper money at that.

And sometimes only virtual paper money.

Howie52
Monopoly or Chutes and Ladders?

-------------------


This attitude (attitudes?) is the very reason why the poor stay poor in this country while the fat-cats keep their hands in our pockets -- robbing us blind while they claim they are "lowering our taxes". We are such fools - we think the only way the government robs us is through taxation. One day the people will wake up -- maybe. But I'm beginning to doubt it.

AM
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<<This attitude (attitudes?) is the very reason why the poor stay poor in this country while the fat-cats keep their hands in our pockets -- robbing us blind while they claim they are "lowering our taxes". We are such fools - we think the only way the government robs us is through taxation. One day the people will wake up -- maybe. But I'm beginning to doubt it.

AM
>>


Personally, I much prefer the booms and depressions of capitalism to the protection from adversity offered by Jospeh Stalin, Mao Tse Tung, Fidel Castro and Adolph Hitler.

But I understand your anxiety Angel May ---- you aren't able to deal with the stress of filing a claim to be compensated for your health insurance without risking a meltdown. I'm sure you prefer a system that would protect you from every little knock and shock. Of course, you give up a LOT of opportunity to get that protection, but I'm sure you take the many benefits of our economy for granted.



Seattle Pioneer
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"This attitude (attitudes?) is the very reason why the poor stay poor in this country while the fat-cats keep their hands in our pockets -- robbing us blind while they claim they are "lowering our taxes". We are such fools - we think the only way the government robs us is through taxation. One day the people will wake up -- maybe. But I'm beginning to doubt it.

AM "

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Funny how folks focus on different realities.

Some folks see poverty around them and do everything they can to
come to America. They send whatever they can back to their families.

Some folks see families living in hovels in the hills of Appalachia
or in the city of Detroit and say how can America allow such terrible
poverty.

Some folks see success.
Some folks see robbery.
Some folks see hopelessness.
Some folks see hipocracy.
Some folks see opportunity.

And each and every one is right in their own way.
We live among such a wide variety of folks and views and religions.
It is so easy to get to the position where you have a hopeless,
helpless feeling. Folks will never see the solutions that you
see.
And you are right.
Folks will never see the same solutions that you see.
They don't see the same problems.
They don't see the same questions.

This is why compromise is difficult - what one person sees as a
moral obligation another sees as an optional response.
We tend to see other's obtuse responses - and not our own.

Living anywhere is not easy - and it is not likely to become easy.
Living in a republic where you have to accept - even if you do not
agree or even respect - another point of view, takes a large
amount of courage and sufficent stubbornness to repeat your points as
you feel neccessay.

You appear more than capable.

Howie52
Off-topic - but side excusions can be so much fun.
And so aggravating and annoying.
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