A Message From Lucianne  







S-G1




























ST-GC


   
 
Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


There´s Something About MyRA
Bloomberg, by Ben Steverman

Original Article

Posted By:earlybird, 1/29/2014 11:27:48 PM

By now, you may have heard about MyRA. The acronym, which President Barack Obama stumbled over in his State of the Union speech Tuesday night, stands for My Retirement Account. Obama introduced the new plan like this: “MyRA guarantees a decent return with no risk of losing what you put in.” On Wednesday, the administration said it will launch a pilot program of the "new, simple, safe and affordable ‘starter’ retirement savings account” by the end of the year. Bloomberg’s Richard Rubin has the details here. The early verdict: MyRA is intriguing but limited.

Comments:
"...a token response to a crisis..."

      


Post Reply  

Reply 1 - Posted by: wtm, 1/29/2014 11:51:39 PM     (No. 9711049)

So give me all your bank "Savings" and I will give you an IOU, just like Social Security !!!!

  Click Here if you Like this Comment

    49 persons like this.


Reply 2 - Posted by: albatross, 1/29/2014 11:52:02 PM     (No. 9711050)

"MyRA guarantees a decent return with no risk of losing what you put in."
Wasn´t that Bernie Madoff´s sales pitch?

  Click Here if you Like this Comment

    68 persons like this.


   

 

R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: 6079 Smith, W, 1/29/2014 11:58:01 PM     (No. 9711053)

They say it is ´affordable´! As in ´Affordable Care Act´ affordable? Include me out!

  Click Here if you Like this Comment

    39 persons like this.


Reply 4 - Posted by: tobias, 1/29/2014 11:59:50 PM     (No. 9711054)

If I recall 6 years ago, the democrats had this big plan that when the market crashes that they will save the day and tell you if you agree to thier terms you will get back the money you had before the crash, however you could not touch it but that everybodys money would be thrown in the pot and everyone would get they same monthly stripend from that pot. You would not be able to get your payment until you had retired.

  Click Here if you Like this Comment

    33 persons like this.


Reply 5 - Posted by: bighambone, 1/30/2014 1:08:33 AM     (No. 9711077)

If a low income worker put in $25.00 a month by the time they retire most of the savings would be eaten up by natural inflation. Most low income workers will not do that once the basic facts of all that are explained to them. If this proposal gets off the ground look for the liberal Democrats to come back and require employers to match what the workers deposit.

  Click Here if you Like this Comment

    31 persons like this.


Reply 6 - Posted by: PChristopher, 1/30/2014 1:47:48 AM     (No. 9711085)

Next, they´ll say, "Oh, for it to work best, we´ll have to seize all of your ill-gotten 401k wealth and spread it around." Just wait.

  Click Here if you Like this Comment

    45 persons like this.


Reply 7 - Posted by: jond, 1/30/2014 2:11:27 AM     (No. 9711093)

The only thing the government can guarantee is failure.

  Click Here if you Like this Comment

    38 persons like this.


   

 

  


 
Reply 8 - Posted by: Rabidrabbit1, 1/30/2014 2:26:27 AM     (No. 9711097)

I am from the Government. I am here to help you.



  Click Here if you Like this Comment

    37 persons like this.


Reply 9 - Posted by: ChipThome, 1/30/2014 3:37:42 AM     (No. 9711105)

If barrack told me it was 2 in the afternoon..... I´d have to walk outside to make sure I could see the sun before I believed him !!!

  Click Here if you Like this Comment

    30 persons like this.


Reply 10 - Posted by: Trigger2, 1/30/2014 4:04:19 AM     (No. 9711109)

Barry´s MyRA:

1) Forced enrollment like BarryCare.

2) Should you die, the goobermint keeps your money; not your heirs.

  Click Here if you Like this Comment

    49 persons like this.


Reply 11 - Posted by: Spidey, 1/30/2014 5:16:59 AM     (No. 9711132)

I heard about this scheme 4-5 years ago.Of course it was just a rumor then.The first step is setting up the infrastructure for it and then they´ll literally steal your private retirement accounts and give you the pitiful government IRA.Obama made it sound good but its really a devious plan to steal money to fund the government excess or make debt payments..

I really don´t kow how Obama can do this without congress because the bureaucrats would have to be paid o administerthe program.

Right now the government suffers from one of it´s worst approvals ever with a highly unpopular president.Plus he´s setting up unfair competition for the private sector.They´ll use the money for more bogus liberal schemes like high speed rail,so guess what the unions will benefit and I´ll bet they´ll skip the gov´t plan.

It´s hard to imagine how people will end up paying $600+ a month for health insurance and have money left to donate to their personal retirement.If they had left normal SS alone ,peolpe could easily be getting a $3000 a month check.

  Click Here if you Like this Comment

    30 persons like this.


Reply 12 - Posted by: Keekng, 1/30/2014 5:59:14 AM     (No. 9711139)

Yeah, right........no risk. We all know how well the government manages money.

  Click Here if you Like this Comment

    29 persons like this.


   

 

B-G1


 
Reply 13 - Posted by: jackburton, 1/30/2014 10:21:14 AM     (No. 9711499)

Hahahahahaha.

In my former life (I´m a retired broker), I sold things called ´annuities´. Yeh. There are annuities that guarantee a stated rate of return. Annuities are the ONLY investment with a guarantee.

Recently annuities have been designed to guarantee an income stream from variable investments, meaning there could be a upside in good markets. It´s not huge but within reason for the insurance companies; they did all the risk calculations when setting up the features. There are expenses (surprise, surprise) but they are fully disclosed and set by the market (think that will be true of a MyRA?) Oh, and there´s a death benefit which amounts to your money back on the money you didn´t use to fund your income level.

Which means that all the stuff that is being proposed is already out there.

What´s next? MyWhoppers? MyiPHones? We already have MyNewsmedia.

  Click Here if you Like this Comment

    32 persons like this.



Post Reply   Close thread 770284




Below, you will find ...

Most Recent Articles posted by "earlybird"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "earlybird"



Call traced to co-pilot´s phone
New Straits Times [Malaysia], by Farrah Naz Karim *    Original Article
Posted By: earlybird- 4/13/2014 6:20:17 AM     Post Reply
KUALA LUMPUR: A CREW member of Malaysia Airlines flight MH370 made a desperate call from his mobile phone as the plane was flying low near Penang, the morning it went missing. The latest breakthrough in the ongoing criminal investigation traced the source of the call to co-pilot Fariq Abdul Hamid´s phone. (Snip) They are investigating the case under Section 130C of the Penal Code, which deals with hijacking, terrorism and sabotage offences, as well as the Security Offences (Special Measures) and Aviation Offences Acts. On why these findings were not made known, the sources said, like criminal investigations by any police

Obama Lets N.S.A. Exploit
Some Internet Flaws, Officials Say
New York Times, by David E. Sanger    Original Article
Posted By: earlybird- 4/12/2014 10:03:55 PM     Post Reply
WASHINGTON — Stepping into a heated debate within the nation’s intelligence agencies, President Obama has decided that when the National Security Agency discovers major flaws in Internet security, it should — in most circumstances — reveal them to assure that they will be fixed, rather than keep mum so that the flaws can be used in espionage or cyberattacks, senior administration officials said Saturday. But Mr. Obama carved a broad exception for “a clear national security or law enforcement need,” the officials said, a loophole that is likely to allow the N.S.A. to continue to exploit security flaws both to crack

BREAKING NEWS: BLM ends
roundup of Bundy cattle
KLAS [Las Vegas], by Lauren Rozyla    Original Article
Posted By: earlybird- 4/12/2014 1:27:55 PM     Post Reply
LAS VEGAS -- The Bureau of Land Management has announced it will stop the roundup of cattle owned by rancher Cliven Bundy. The BLM says the animals have been illegally grazing on public lands for 20 years. The BLM made the announcement Saturday morning, a week after rangers started gathering the animals from land near Gold Butte. The agency says it is concerned about the safety of its employees and the public. Earlier this week, BLM officers and supporters of the Bundy family were involved in a scuffle. Cliven Bundy´s son, Ammon Bundy, was tased twice by federal agents. Another woman said

   

 

R_DBL_B
  


 
What A Disembodied Finger
In Jay Carney’s Photo Says
About Media Propaganda
Independent Journal Review, by Soopermexicn    Original Article
Posted By: earlybird- 4/12/2014 1:20:57 PM     Post Reply
In a profile of Press Secretary Jay Carney appearing in the magazine Washingtonian Mom, this photo of the loving family appears:(Snip for photo)Cute, isn’t it? But, as savvy Twitter users noticed almost immediately, the picture is photoshopped, and not very well at that. The right side of the book case is a mirror image of the left, which poses a slight problem. A problem I like to call “disembodied finger of a child floating in air”! It’s a common photoshop mistake:

Couple hit by tractor-trailor says truck
was on fire before deadly bus crash
Associated Press, by Staff    Original Article
Posted By: earlybird- 4/12/2014 12:59:53 PM     Post Reply
ORLAND, Calif. – A tractor-trailer already was on fire as it came across a median and crashed into a tour bus, killing 10 people, according to a couple whose car was sideswiped by the big rig. Joe and Bonnie Duran were driving a sedan northbound on the 5 Freeway on Thursday when they said a FedEx truck heading south careened toward them, struck their rental car and crashed into the oncoming bus carrying high school students from Southern California. (Snip)Bonnie Duran, who was driving, told KNBC-TV in Los Angeles that flames were coming from the lower rear of the truck cab.

FBI: Middle school gang
behind mob violence
Courier-Journal [Louisville], by Patrick T. Sullivan and Andy Wolfson    Original Article
Posted By: earlybird- 4/11/2014 10:57:21 AM     Post Reply
The teens responsible for the mob violence in downtown Louisville last month were members of a gang of middle-school students, according to an FBI memo distributed to law enforcement agencies. The memo, which the FBI says was based on "unverified intelligence," says that the gang — "Young ´N Off That," or YNO, was organized last summer at Frost Middle School but spread to other schools, and that its members are "armed in a major way." The FBI memo also says there have been "rumblings" about the gang showing up in large numbers May 1 at the Kentucky Derby Festival Pegasus Parade. Louisville

Attkisson: Unprecedented Influence
on the Media By Special Interests,
Political Interests & Corporations
RealClearPolitics, by Staff (Transcript)    Original Article
Posted By: earlybird- 4/11/2014 10:26:14 AM     Post Reply
(VIDEO) BILL O´REILLY: How about Benghazi, what did you find out about that? SHARYL ATTKISSON: Benghazi, I was assigned to look into about three weeks after the attacks happened by management and pursue that aggressively and as I felt we were beginning to scratch beneath the surface on that scandal as well, which I think had many legitimate questions yet to be asked and answered. Interest was largely lost in that story as well on the part of the people that are responsible for deciding what goes on the news. OREILLY: So did they tell you, look, we don´t want

Tiger Woods´ absence from Masters
greeted mostly with shrugs
Los Angeles Times, by Bill Plaschke    Original Article
Posted By: earlybird- 4/9/2014 3:58:09 PM     Post Reply
AUGUSTA, Ga. — The slow and awkward decay of the powerful aura of Tiger Woods continued here Tuesday on a rain-soaked golfing cathedral that smelled like a damp towel. For the first time in 20 years, Woods will not be here for the Masters, a tournament he has won four times, his virtual ownership of Augusta National symbolizing his decades of dominance. Yet his fellow golfers do not sound relieved. They do not act as if reprieved. They spoke of this giant, haunting presence with neither fear nor reverence.(Snip)"He´s 38 now, he´s an old man," said Jason Day, the media

   

 



 
Why Heartbleed, the Latest
Cybersecurity Scare, Matters
Businessweek, by Joshua Brustein    Original Article
Posted By: earlybird- 4/9/2014 2:00:42 PM     Post Reply
Another day, another terrifying computer security vulnerability. A hole in a widely used encryption technology has given hackers a way to infiltrate many of the world’s largest websites and download sensitive information from their servers without leaving a trace. The problem, dubbed Heartbleed, has existed for two years, but was recently discovered by researchers at Google, setting off a scramble to fix it. Trying to track new security vulnerabilities can be dizzying, but here’s why this one is worth paying attention to: It affects services you use. The problem is a shortcoming of OpenSSL, which is supposed to protect,

UN finding on climate change
is just a bunch of hot air,
new report claims
Fox News, by Staff    Original Article
Posted By: earlybird- 4/8/2014 5:09:13 PM     Post Reply
A U.N.-commissioned panel says climate change is hurting the growth of crops, affecting the quality of water supplies and forcing wildlife to change the way it lives – but what if it’s all just smoke and mirrors? A new report from the Nongovernmental International Panel on Climate Change (NIPCC), written by an international collection of scientists and published by the conservative Heartland Institute, claims just that, declaring that humanity´s impact on climate is not causing substantial harm to the Earth. (Snip)The panel of scientists says human impact on the global climate is small, changing temperatures are within a historic scope

Arrest Made After LAPD Motorcycle
Officer Critically Hurt in Crash
KNBC-TV [Los Angeles], by Willian Avila*    Original Article
Posted By: earlybird- 4/7/2014 12:17:06 PM     Post Reply
A 33-year-old woman was arrested on suspicion of driving under the influence after her vehicle struck a Los Angeles Police Department motorcycle officer from behind at a red light, leaving him pinned between two vehicles Saturday, officials said. The officer was waiting for the traffic light at Saticoy Street and Lankershim Boulevard (map) about 5:30 p.m. when an SUV rear-ended him, according to the LAPD. The officer was pinned between the SUV and the vehicle in front of him. The officer was in a medically-induced coma in critical but stable condition at Providence Holy Cross Medical Center in Mission Hills

MH37O: Angus Houston confirms
signal detected by Ocean Shield are
consistent with black box
News.com [Australia], by Jennifer Rajca*    Original Article
Posted By: earlybird- 4/7/2014 11:28:59 AM     Post Reply
IN A major development in the search for MH370, Angus Houston has confirmed the Ocean Shield has detected signals consistent with aircraft black boxes, describing the lead as the most promising yet. Air Chief Marshal Houston called the development significant, saying “this is the most promising lead, probably in the search so far, it’s probably the best information we’ve had”. The search coordinator told reporters more signals have been detected by a towed pinger locator deployed by the Australian vessel Ocean Shield. “Today, I can report some very encouraging information which has unfolded over the last 24 hours,” he told



Most Active Articles (last 48 hours)



Brit Hume: Obama, Holder
‘Benefited Enormously’ From
Being African American

39 replie(s)
Mediaite, by Evan McMurry    Original Article
Posted By: JoniTx- 4/13/2014 9:14:46 PM     Post Reply
On Fox News Sunday, political analyst Brit Hume said that Eric Holder’s claim that his treatment at the hands of Representative Louie Gohmert (R-TX) at a House hearing this week was unprecedented toward an Attorney General, made him a “crybaby,” and that he and President Barack Obama had in fact benefited “enormously” from being the first African Americans in their respective positions. “This strikes me as kinda crybaby stuff from Holder,” Hume said. “My sense about this is both Eric Holder and Barack Obama have benefited politically enormously from the fact that they are African American and the first to

Why The Feds Chickened Out
On A Nevada Ranch

36 replie(s)
Townhall, by Kevin McCullough    Original Article
Posted By: Drive- 4/13/2014 11:55:18 AM     Post Reply
Let me obliterate a bit of confusion here: the Obama administration attempted to go to war with a rancher in Nevada. Let me amplify a little bit of truth: They tucked tail and have returned home. And let me add a bit of clarity: they had no choice! As the nation began to become familiar with the plight of the family of Cliven Bundy, many of us harkened back to another standoff in which the Federal government attempted to bully it´s outcome: Waco, Texas and the Branch Davidian massacre. It is telling that in the Nevada case the feds pulled out so

Why Hillary v. Jeb Would
Be Great for America

35 replie(s)
Daily Beast, by Mark McKinnon    Original Article
Posted By: Desert Fox- 4/13/2014 6:11:32 PM     Post Reply
They’re both qualified, respectful of each other (shocker!), and represent the vast majority of middle America. So what’s not to like about another Clinton/Bush race for 2016? When you mention the prospect of Clinton vs. Bush 2016 a funny thing happens. First, there is the reflexive response: "Oh no, not again. We don´t need more dynastic politics in this country." But upon further reflection, you realize Jeb Bush vs. Hillary Clinton would be a great race and actually good for the country. Let´s review. QUALIFICATIONS—THEY’VE BOTH GOT THEM. Barack Obama won the presidency because in an election where the premium was on change, it mattered little

The world must shift to solar and wind
power rapidly to avoid catastrophic global
warming, say UN scientists in major report

35 replie(s)
Daily Mail (U.K.), by Ben Spencer    Original Article
Posted By: Desert Fox- 4/13/2014 7:15:31 PM     Post Reply
A rapid shift to wind and solar power is needed if the world is to avoid catastrophic global warming, the United Nations warns in a crucial report today. Emissions of greenhouse gases need to be cut by up to 70 per cent before 2050 to control climate change, the Intergovernmental Panel on Climate Change (IPCC) says. ‘Large-scale changes in energy systems’ are required, with coal power stations to be switched off and replaced by wind and solar. And the transformation needs to be made in the next 15 years or controlling climate change will become increasingly harder and more expensive. The report was published

Chelsea Clinton no longer
ruling out politics

34 replie(s)
The Hill (Washington DC), by Judy Katz    Original Article
Posted By: JoniTx- 4/14/2014 11:57:36 AM     Post Reply
Chelsea Clinton says when people ask her these days whether she wants to go into politics, her answer isn’t an automatic “no.” The 34-year-old former first daughter told Fast Company in an interview published Monday, “for so long the answer was just a visceral no. Not because I had made any conscientious, deliberate decision, but since people had been asking for as long as literally I could remember, it was no." Now, the only child of former President Clinton and former Secretary of State Hillary Clinton explains, "I live in a city and a state and a country where I

Nevada GOP removes social issues from platform,
moves ahead with pre-primary endorsements

29 replie(s)
Associated Press, by Sandra Chereb    Original Article
Posted By: StormCnter- 4/13/2014 3:48:58 PM     Post Reply
LAS VEGAS — The Nevada Republican Party stripped opposition to abortion and gay marriage from its platform Saturday as state convention delegates instead focused on judging fellow Republicans on their worthiness to serve in office and adherence to GOP values. The platform, with few changes, was adopted overwhelmingly as the Las Vegas convention stretched late into the evening. The vote mirrors that of the Clark County GOP, which voted earlier to remove platform language defining marriage as between a man and a woman and statements opposing abortion. Many Republicans are re-evaluating their strong stances on conservative social issues as public

Goodbye tea party, hello big tent
28 replie(s)
Washington Post, by Jennifer Rubin    Original Article
Posted By: Pluperfect- 4/13/2014 5:08:01 AM     Post Reply
Say what you will about Sens. Rand Paul (R-Ky.) and Ted Cruz (R-Tex.), but they know a train wreck when they see it. They also know when to separate themselves from the cranks and the losers on the right. Although both supported the shutdown and were heartily supported by tea party groups in their own Senate races, neither one has endorsed Matt Bevin in Kentucky, Milton Wolf in Kansas or Chris McDaniel in Mississippi. In fact, Cruz’s office confirms he hasn’t endorsed anyone in the primaries. He may weigh in after the primaries. Rand Paul has endorsed two very establishment

Video: Flash mob of women steal
$20,000 worth of sunglasses
from California store

27 replie(s)
New York Daily News, by Staff    Original Article
Posted By: Ribicon- 4/13/2014 10:50:38 AM     Post Reply
A brazen flash mob has been caught on camera storming a California store and making off with $20,000 worth of sunglasses. Surveillance footage shows eight women piling into a Sunglass Hut and crowding around display cases. Shielding workers from what they´re doing, they quickly stuff dozens of fashion specs into their bags. A store clerk pleads with them to stop, before running out of the shot to get help and dial 911. The thieves then all bolt outside and escape in a waiting SUV. The incident occurred at the Valencia Town Center mall, in Santa Clarita, at 3 p.m. on

Obama Selects First Openly Gay
Episcopal Bishop to Lead Easter Prayer

27 replie(s)
Mediaite, by Andrew Kirell    Original Article
Posted By: JoniTx- 4/14/2014 12:46:05 PM     Post Reply
President Obama pulled a surprise move Monday at the White House’s Easter Prayer Breakfast when he selected Gene Robinson to lead the closing prayer. Robinson is famously known as the first openly gay Episcopal bishop. Talking Points Memo’s Tom Kludt spotted the following tweet from Robinson, who was in attendance: (Tweet) Robinson, 66, became diocesan bishop of New Hampshire in March 2004. He retired in January 2013 and is currently a senior fellow at the progressive

Developing: Russian fighter jet buzzes
U.S. Navy destroyer in Black Sea

27 replie(s)
Associated Press, by Lolita C. Baldor    Original Article
Posted By: Desert Fox- 4/14/2014 12:49:12 PM     Post Reply
A Russian fighter jet made multiple, close-range passes near an American warship in the Black Sea for more than 90 minutes Saturday amid escalating tensions in the region, a U.S. military official said Monday. In the first public account of the incident, the official said the Russian Fencer flew within 1,000 yards of the USS Donald Cook, a Navy destroyer, at about 500 feet above sea level. Ship commanders considered the actions provocative and inconsistent with international agreements, prompting the ship to issue several radio queries and warnings. The fighter appeared to be unarmed and never was in danger of

Glaring limits of the Civil Rights
Act: We need to redistribute wealth

27 replie(s)
Salon Magazine, by Matt Bruenig    Original Article
Posted By: KarenJ1- 4/14/2014 7:20:41 PM     Post Reply
Although the Civil Rights Act, the landmark legislation which just reached its 50th anniversary, made great strides in desegregating the economy, economic discrimination is still widespread, and anti-discrimination legislation alone can never rectify the economic damage inflicted upon blacks by slavery and our Jim Crow apartheid regime. The Civil Rights Act was a mild reform, all things considered, but one conservatives fought with vigor and one many conservatives are still bitter about to this day. When the Civil Rights Act passed in 1964, the primary purpose was to root out discrimination in public accommodations (like hotels and movie theaters)

Democrat Center Folds
26 replie(s)
American Thinker, by Clarice Feldman    Original Article
Posted By: real fifi- 4/13/2014 7:44:30 AM     Post Reply
It’s hardly been a secret that in recent years the moderate center of the Democrat party has been driven away and what remains is a conglomeration of disparate blocs which, to date, the party has been able to treat as if there were no conflicting interests between them. As the midterm elections approach and the administration’s incompetence, along with the distaste for the president’s signature ObamaCare legislation, drive the party’s chances down further, the make-believe coalition of opposites may well crumble if the opposition doesn’t blow it. Democrats hope to retain control of the Senate and recapture the House by driving

   

Post Reply   Close thread 770284





Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google



© 2014 Lucianne.com Media Inc.

FS