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Monday, 11 January 2010

Chump CHANGE...........from Rico

More CHANGE you can 'keep' or 'believe in' it's up to you...until and unless the current regime makes it mandatory!

Yes, more "annuities" talk (as in 401k's-IRA's, Obamunists). Be wary. Be aware!

1. As a rule, the very worst possible time to convert lump-sum savings into a fixed-income annuity* is when interest rates are LOW (like now).

2. The above is very like buying long-ter bonds when interest rates are likely to increase. Your 'fixed' earnings are doubly eroded by inflation.

3. So WHY would the Obaa-Soetero administration 'float' the notion that this is 'somehow' a good idea for Americans?
- Well if they didn't like, respect, or care about Americans it all makes perfect sense!

*Like Social Security, an annuity (like an R-annuity you'll be hearing about soon) guarantees income until your death but reverts back to the government. You do not "own" your money, and neither do your heirs.
- What a clever way to 'shift' ownership of YOUR money into the hands of gooberment!

HEY!!! Look at the grouse!!!

Because your ;oliticians and governent care for you. Yeah. Right.

KEEP the CHANGE!

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