Thursday, May 17, 2012

The Sarcasm Report v.160

May 16, 2012
Don't Let Debt Weigh Down Your Retirement

You don't have to be totally debt-free before your golden years, to be sure. But financial planners caution that too much red ink, and the wrong kinds, can diminish your standard of living.

This is exactly why financial planners are paid the big bucks!

In particular, try to wipe out credit card balances, advises Cunningham. Plastic usually carries the highest rates, now an average 15%. Since you're unlikely to get as high a return on your investments, you're better off taking a lump sum from savings to pay the bill.

I would bet that the average well above average investor can easily average 15% returns. It's so easy.

We start with some 0.0% I-Bonds. Add in some 2.80% 30-year treasuries and S&P 500 action. And finally, top it all off with some real estate for diversification. What could possibly go wrong?

So if your stash is in equities, you may want to let it ride.

Yes! That's exactly what we should be doing in retirement! Grandbaby needs new shoes!

Let It Ride (film)

Let It Ride is a 1989 comedy film. It stars Richard Dreyfuss as a normally unsuccessful habitual gambler who experiences a day in which he wins every bet he places.

Win every bet! Woohoo!

Let It Ride (card game)

Let It Ride is played at a relaxed pace relative to other casino card games, which has made it attractive to older players and to table game neophytes.

Attractive game for older players! Woohoo!

Urban Dictionary: Let it Ride

After winning money in a casino, taking your winnings and continuing to gamble with them instead of cashing out.

I won a thousand bucks in Vegas last night, but I lost it all after I let it ride.

Lost it all after we let it ride? Not going to happen! Feeling lucky!

8 comments:

EconomicDisconnect said...

I love the film "Let it Ride"

Troy said...

80 million boomers, aged 48-66 looking to start cashing out this decade and next.

Middle boomer is 57 now.

Man.

This just might be my permabear-sense tingling, but I detect some foreshocks of the upcoming budget battle already. Gonna be a battle royal . . .

http://www.imdb.com/title/tt0044706/quotes?qt=qt0323139

Stagflationary Mark said...

EconomicDisconnect (aka GYSC),

Hey! Long time no see. I've been following your blog a bit. Vacations? New job? You've been busy!

Stagflationary Mark said...

Troy,

High noon? 3:10?

It's all good.

Troy said...

http://finance.yahoo.com/q/bc?s=%5ETNX&t=my&l=on&z=l&q=l&c=

http://www.myspace.com/video/rab/the-vapors-turning-japanese

EconomicDisconnect said...

Yes, too much going on and limited time. Sorry to be a neglectful friend. Will shoot you an email so we are caught up.

Stagflationary Mark said...

Troy,

Speaking as a saver...

With interest rates like these, who needs enemies!

Stagflationary Mark said...

EconomicDisconnect,

"I value the friend who for me finds time on his calendar, but I cherish the friend who for me does not consult his calendar." - Robert Brault

You have no need to feel neglectful, for I would not wish to feel neglectful in your place.