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View Diary: The "Fiscal Cliff" and the Coming Retirement Crisis of the Middle Class (90 comments)

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  •  Ah, but my retirement fund (0+ / 0-)

    Was employer contribution and parked in stocks.  Over which I had no say.  Same with my 401k.

    •  The Whole "Official" System Is Rigged (0+ / 0-)

      to the market.  It's hard for us civilians to find ways to circumvent the market.  I have a small, standard issue teacher's pension but my main income is from my rental properties.  I didn't get into the rental business because I love it.  I got into it because it gave me some control of the affects of inflation in my life and because it gave me control over cash flow...i.e. I don't have to spend it down to get the most benefit from it.  Make no mistake, it is a business and like all businesses much of the education i received was learned on my butt.   But, even then, I knew that every dime I "spent" on my property was actually money placed in illiquid capital investment that was paying me a hefty dividend, about 10% ROI.  My husband never had a atraight gig so he has no retirement except Social Security.  Besides that, he's always had to pay both ends of Social Security so the whole notion that Social Security is some kind of damned entitlement is a double insult to him.

      Newt 2012. Sociopath, adulterer, hypocrite, Republican.

      by tikkun on Sat Jan 05, 2013 at 09:57:56 AM PST

      [ Parent ]

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