Doing More With Less Since 1972

Tag: savings

Kindle Price Dropping and A Bunch of Other Financial Stuff

Here’s another mind dump of thoughts on a few of the link worthy things I’ve read lately…enjoy!

Now you can buy a Kindle for $114! The gotcha here is that you have to be willing to look at ads and special offers. Still, I’m glad to see the price coming down one way or another. I still think the magic price for this device is $99. At least, that’s the price at which I’d bite.

5 Common Remote Work Misconceptions – Word!

Roth IRA: Time to retire Roth IRAs – Could not be more wrong. This guy needs to run the numbers, although I doubt he’d know where to start to do that. Roth IRAs and Traditional IRAs generate the exact same tax revenue if you make the assumption that the tax rate doesn’t change. But for the gov’ment, they get to have their candy now instead of waiting for you to retire. The upside for the account holder only comes if they end up in a higher tax bracket or tax rates rise across the board. Look where people have placed their bets.

Gov Shutdown’s Impact – Great argument by @newscoma for keeping $ in state instead of sending it to D.C. 🙂

IKEA desktop – <3 IKEA. This is pretty cool.

Portugal, Illinois and Caterpillar – “The Portugese have decided to protest against mathematics….” That’s pretty much all you need to know. Of course, as Dave Ramsey likes to point out, if they’d been doing math they wouldn’t be in this mess.

Bull Butter!

Class Warfare’s Next Target: 401(k) Savings.

You did the responsible thing. You saved in your IRA or 401(k) to support your retirement, when you could have spent that money on another vacation, or an upscale car, or fancier clothes and jewelry. But now Washington is developing plans for your retirement savings.

Well, they aren’t talking about confiscating your retirement savings. Instead, they want to have you “invest” that money into Treasury bonds. Oh, by the way,  you are free to do that now, if you so choose.

It’s exactly what we’d all be doing that if we believed the rate of return was worth the risk involved in the investment.

My suggestion to anyone who is in favor of this crap is to go ahead and divest all of your retirement savings currently sitting in mutual funds/stocks and buy up Treasury bonds.

Then come talk to me about why this is a good idea. We’ll have that discussion again in 10 years or so and see what you think about it then.

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